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#1
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Value Boats and the DJIA
When I made my clairvoyent post on 9/25/08 about considering buying value
boats for retirement the DJIA stood at 11,000. Today, just over 2 weeks later the DJIA is near 8,000 a drop of about 30%. For the year the DJIA is down about 5,000 or about 40%. If your retirement income is tied to the DJIA you've seen it drop 40% this year alone. Imagine 10 years of retirement savings up in smoke. That's 20 years of retirement you won't have. It looks like some of you may have a retirement other than what you planned for. Decades of thrift and savings went away. The guy who lived high on the hog and high in debt may even be better off than you, a bankruptcy wiped out his excesses of the past. What went wrong? Who is to blame? There's just too much money, so it is going away, only to reappear at the outputs of government printing presses. (Same amount, different owners) As you ponder that, think of the brilliant Capt Neal. He has his reitrement boat. He has his retirement. He is immune from the current crisis. It may be too late for some of you but there are those for whom it isn't. Follow the lead and sound philosophy of the good Capt Neal and a world of untold wealth will be yours. Capt Neal, a man whose life rings truer with each passing colossal boondoogle of a socialist society. |
#2
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Value Boats and the DJIA
"Gogarty" wrote in message ... In article , says... When I made my clairvoyent post on 9/25/08 about considering buying value boats for retirement the DJIA stood at 11,000. Today, just over 2 weeks later the DJIA is near 8,000 a drop of about 30%. For the year the DJIA is down about 5,000 or about 40%. If your retirement income is tied to the DJIA you've seen it drop 40% this year alone. Imagine 10 years of retirement savings up in smoke. That's 20 years of retirement you won't have. It looks like some of you may have a retirement other than what you planned for. Decades of thrift and savings went away. The guy who lived high on the hog and high in debt may even be better off than you, a bankruptcy wiped out his excesses of the past. What went wrong? Who is to blame? There's just too much money, so it is going away, only to reappear at the outputs of government printing presses. (Same amount, different owners) As you ponder that, think of the brilliant Capt Neal. He has his reitrement boat. He has his retirement. He is immune from the current crisis. It may be too late for some of you but there are those for whom it isn't. Follow the lead and sound philosophy of the good Capt Neal and a world of untold wealth will be yours. Capt Neal, a man whose life rings truer with each passing colossal boondoogle of a socialist society. It wasn't socialism that crashed but capitalism. Ironically, the gummint now has to resort to socialism to try to fill the hole in the dike. You should listen closer to Mr. Momsen. He is 100% correct. He must be a libertarian or something close to one. He hasn't been fooled by government hype and brainwashing. He stands upon a sound financial foundation of understanding. He is also correct about the Good Captain who is off cruising the world without a care in the world. He's my hero! Everybody should be so cool. Capitalism has not "crashed." Capitalism has only cycled. Every sane man who has a clue about economics realizes that capitalism and the free-market system goes in cycles. Boom and bust boom and bust. That's how it works. The smart investor knows this and works capitalism just like good sailors work the tides. The tides ebb and flow, ebb and flow. You learn to not buck the tide. A smart investor learns to not buck the economic cycles of capitalism. The present down cycle will be recovered from pretty fast considering all the measures the government has taken of late to lift it back up. It will rebound even higher than it was at it's stock market peak. I look for it to rebound within two or three years to a Dow of 15-16 thousand. But, a word of advise. This artificial manipulation of the economic cycles by the government is going to result in the next downturn to be completely fatal. There's nothing they will be able to do to keep the next downturn from wiping out the world economy and plunging the planet into another dark age. Mark my words. So, if you have any money left, invest it now. I would recommend exchange traded fund accounts. ETF's have definite advantages over mutual funds. Live like a king between now and about 2018. That's when the ride will go off the cliff. I've just put my money where my mouth is. I've just plowed 2 mill from cash reserves to an ETF which transaction is to take place at the end of today's trading session. I'm hoping for another very down day because the stock market is very close to reaching bottom and it will be up from there. I could easily realize a 40% increase in the value of my fund within two years. So, the deeper lesson is buy low, sell high and never forget it. Wilbur Hubbard |
#3
posted to alt.sailing.asa,rec.boats.cruising
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Value Boats and the DJIA
"Wilbur Hubbard" wrote in message anews.com... You should listen closer to Mr. Momsen. He is 100% correct. He must be a libertarian or something close to one. He hasn't been fooled by government hype and brainwashing. He stands upon a sound financial foundation of understanding. He is also correct about the Good Captain who is off cruising the world without a care in the world. He's my hero! Everybody should be so cool. Capitalism has not "crashed." Capitalism has only cycled. Every sane man who has a clue about economics realizes that capitalism and the free-market system goes in cycles. Boom and bust boom and bust. That's how it works. The smart investor knows this and works capitalism just like good sailors work the tides. The tides ebb and flow, ebb and flow. You learn to not buck the tide. A smart investor learns to not buck the economic cycles of capitalism. The present down cycle will be recovered from pretty fast considering all the measures the government has taken of late to lift it back up. It will rebound even higher than it was at it's stock market peak. I look for it to rebound within two or three years to a Dow of 15-16 thousand. But, a word of advise. This artificial manipulation of the economic cycles by the government is going to result in the next downturn to be completely fatal. There's nothing they will be able to do to keep the next downturn from wiping out the world economy and plunging the planet into another dark age. Mark my words. So, if you have any money left, invest it now. I would recommend exchange traded fund accounts. ETF's have definite advantages over mutual funds. Live like a king between now and about 2018. That's when the ride will go off the cliff. I've just put my money where my mouth is. I've just plowed 2 mill from cash reserves to an ETF which transaction is to take place at the end of today's trading session. I'm hoping for another very down day because the stock market is very close to reaching bottom and it will be up from there. I could easily realize a 40% increase in the value of my fund within two years. So, the deeper lesson is buy low, sell high and never forget it. Wilbur Hubbard I see you must be growing your own pot back in that mostiquo infested swamp. Might be a good way to spend the next few years.....assuming that post office pension is safe. |
#4
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Value Boats and the DJIA
On Fri, 10 Oct 2008 09:59:17 -0400, Gogarty wrote:
It wasn't socialism that crashed but capitalism. Ironically, the gummint now has to resort to socialism to try to fill the hole in the dike. yes and some are now referring to it as the U.S.S.A i.e, the United Socialist States of America...kinda catchy doncha think? |
#5
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Value Boats and the DJIA
Gogarty wrote:
It wasn't socialism that crashed but capitalism. Ironically, the gummint now has to resort to socialism to try to fill the hole in the dike. Actually, it was socialism, in the form of pressuring lenders to make loans to those unfit to pay them, that brought down capitalism. And when did this program start? 1996 under the "Community Reinvestment Act" under Clinton. Fannie and Fredie helped fuel the fire when the CEO compensation package bonus program was tied to the total amount of loans these organizations bought. So the CEOs just bought everything in sight regardless of its value of level of risk. Then they bailed, got the boot or were pressured into resigning. Bush came into office and didn't address the problem, didn't tighten regulation. Congress wasn't interested in fixing the problem because they had their hands in the pockets of Fannie and Freddie. We're in a credit freeze because the mortgage-based assets don't have the value they did when the loans were made. Now we're in a "rescue program" mentality. The promised profits from the sale of these toxic assets will NOT be returned to the taxpayers that funded the bailout, but will go to new spending projects. Read the rescue bill that Bush signed. Its very enlightening. Banker Bill |
#6
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Value Boats and the DJIA
Gogarty wrote:
It wasn't socialism that crashed but capitalism. Ironically, the gummint now has to resort to socialism to try to fill the hole in the dike. Peaceful Bill wrote: Actually, it was socialism, in the form of pressuring lenders to make loans to those unfit to pay them, that brought down capitalism. Is this a re-run? How did "pressuring lenders to make loans to those unfit to pay them" force Wall St corporate banks to extend their leverage on CDOs and similar vehicles of unassessed risk? Seems to me like the gripe is legit about 'privatising profit while socialising risk.' And if you look carefully, instead of just listening to the fascist tub-thumpers, you'll see that our neighbor to the North has far less of a problem with their banks. DSK |
#7
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Value Boats and the DJIA
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#9
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Value Boats and the DJIA
On Fri, 10 Oct 2008 12:14:40 -0500, Peaceful Bill wrote:
You clearly can't see the connection. So there's no point in wasting my time on explaining it to you. it appears that you would like him to see your concocted connection...but... Yeah, Canada is a world leader in economics and banking. All five banks. name one of the banks in danger of failing? .... waiting... |
#10
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Value Boats and the DJIA
mister b wrote:
On Fri, 10 Oct 2008 12:14:40 -0500, Peaceful Bill wrote: You clearly can't see the connection. So there's no point in wasting my time on explaining it to you. it appears that you would like him to see your concocted connection...but... Yeah, Canada is a world leader in economics and banking. All five banks. name one of the banks in danger of failing? Interesting that you should post this today, The World Economic Forum just rated Canada's banks as the soundest in the world, ahead of Sweden. http://www.reuters.com/article/ousiv...4981X220081009 USA, #40, behind Namibia for crying out lout! Great Britain? 44th! Cheers Martin |
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