wrote in message
news
On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle
wrote:

It might be a good time to pick a "get out alive" price and place your
sell orders.

If you do that you will really lose money. We stuck it out and have
recovered a good chunk of money lost we lost in the pelosi plunge and
obama slide.

OK do what you want but I bet there is a correction and you can buy
your position back for about 60-70%% of where it was when you sold it.

Some day soon it will occur to Wall Street that the American consumer
is broke. The fat cats may still be getting their bonuses but we still
have double digit unemployment and worse "underemployment" where
skilled trades are wearing orange aprons in empty Home Depots.

Real recovery will start when the middle class recovers.That hasn't
happened yet


There will likely be a correction toward the end of the year. This is what
I've heard from several sources. That doesn't mean it'll be a dramatic
correction. Corrections are normal and expected. It's foolish in the extreme
to attempt to time the market. The best strategy is dollar cost averaging
and diversification, both domestically and in foreign markets. The technical
recovery has begun, but unemployment will continue to climb, likely to 10 or
even 11 percent. That, coupled with underemployment and a rise in
foreclosures will likely continue for the next year or so. There's a
demographic shift also going on to an older population, and this will
continue to put pressure on the economy, as healthcare costs continue to
rise unless something dramatic is done.

My guess is that something fairly dramatic will be done regarding the
insurance company cartel (they are exempt from anti-trust laws). This will
likely get a lot of attention in the next few months. Certainly, over the
next few years, the insurance companies will prove to the general public
(and to Congress) that the current system is unsustainable, as many in both
groups still don't believe it. When that happens, it would probably be best
not to be heavily invested in such companies.

Thus spake the Oracle. lol


--
Nom=de=Plume

On 10/15/09 12:51 PM, nom=de=plume wrote:
wrote in message
news
On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle
wrote:

It might be a good time to pick a "get out alive" price and place your
sell orders.

If you do that you will really lose money. We stuck it out and have
recovered a good chunk of money lost we lost in the pelosi plunge and
obama slide.

OK do what you want but I bet there is a correction and you can buy
your position back for about 60-70%% of where it was when you sold it.

Some day soon it will occur to Wall Street that the American consumer
is broke. The fat cats may still be getting their bonuses but we still
have double digit unemployment and worse "underemployment" where
skilled trades are wearing orange aprons in empty Home Depots.

Real recovery will start when the middle class recovers.That hasn't
happened yet


There will likely be a correction toward the end of the year. This is what
I've heard from several sources. That doesn't mean it'll be a dramatic
correction. Corrections are normal and expected. It's foolish in the extreme
to attempt to time the market. The best strategy is dollar cost averaging
and diversification, both domestically and in foreign markets. The technical
recovery has begun, but unemployment will continue to climb, likely to 10 or
even 11 percent. That, coupled with underemployment and a rise in
foreclosures will likely continue for the next year or so. There's a
demographic shift also going on to an older population, and this will
continue to put pressure on the economy, as healthcare costs continue to
rise unless something dramatic is done.

My guess is that something fairly dramatic will be done regarding the
insurance company cartel (they are exempt from anti-trust laws). This will
likely get a lot of attention in the next few months. Certainly, over the
next few years, the insurance companies will prove to the general public
(and to Congress) that the current system is unsustainable, as many in both
groups still don't believe it. When that happens, it would probably be best
not to be heavily invested in such companies.

Thus spake the Oracle. lol




I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.

--
http://tinyurl.com/ykaa4k7

"H the K" wrote in message
m...
On 10/15/09 12:51 PM, nom=de=plume wrote:
wrote in message
news
On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle
wrote:

It might be a good time to pick a "get out alive" price and place your
sell orders.

If you do that you will really lose money. We stuck it out and have
recovered a good chunk of money lost we lost in the pelosi plunge and
obama slide.

OK do what you want but I bet there is a correction and you can buy
your position back for about 60-70%% of where it was when you sold it.

Some day soon it will occur to Wall Street that the American consumer
is broke. The fat cats may still be getting their bonuses but we still
have double digit unemployment and worse "underemployment" where
skilled trades are wearing orange aprons in empty Home Depots.

Real recovery will start when the middle class recovers.That hasn't
happened yet


There will likely be a correction toward the end of the year. This is
what
I've heard from several sources. That doesn't mean it'll be a dramatic
correction. Corrections are normal and expected. It's foolish in the
extreme
to attempt to time the market. The best strategy is dollar cost averaging
and diversification, both domestically and in foreign markets. The
technical
recovery has begun, but unemployment will continue to climb, likely to 10
or
even 11 percent. That, coupled with underemployment and a rise in
foreclosures will likely continue for the next year or so. There's a
demographic shift also going on to an older population, and this will
continue to put pressure on the economy, as healthcare costs continue to
rise unless something dramatic is done.

My guess is that something fairly dramatic will be done regarding the
insurance company cartel (they are exempt from anti-trust laws). This
will
likely get a lot of attention in the next few months. Certainly, over the
next few years, the insurance companies will prove to the general public
(and to Congress) that the current system is unsustainable, as many in
both
groups still don't believe it. When that happens, it would probably be
best
not to be heavily invested in such companies.

Thus spake the Oracle. lol




I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.


It serves no purpose except to ensure their profits. I believe a couple of
senators are circulating a bill to revote that status.

--
Nom=de=Plume

On 10/15/09 4:44 PM, wrote:
On Thu, 15 Oct 2009 12:55:33 -0400, H the K
wrote:

I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.

What function does insurance in general have?
Do you want the government to write life, homeowner's and car
insurance too?
They already write flood


Being opposed to private, for-profit health insurance does not mean I
want to put government in its place. There's no reason why truly
not-for-profit companies couldn't handle the job. I do favor a
government-run but not necessarily government-underwritten option for
those who want one.


--
http://tinyurl.com/ykaa4k7

H the K wrote:
On 10/15/09 4:44 PM, wrote:
On Thu, 15 Oct 2009 12:55:33 -0400, H the K
wrote:

I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.

What function does insurance in general have?
Do you want the government to write life, homeowner's and car
insurance too?
They already write flood


Being opposed to private, for-profit health insurance does not mean I
want to put government in its place. There's no reason why truly
not-for-profit companies couldn't handle the job. I do favor a
government-run but not necessarily government-underwritten option for
those who want one.


You are beginning to sound like Princess Little Feather. You want a
private, not for profit company to fund a government managed health
plan. Sure. I want in. Where do I sign up?

"Jim" wrote in message
...
H the K wrote:
On 10/15/09 4:44 PM, wrote:
On Thu, 15 Oct 2009 12:55:33 -0400, H the K
wrote:

I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.

What function does insurance in general have?
Do you want the government to write life, homeowner's and car
insurance too?
They already write flood


Being opposed to private, for-profit health insurance does not mean I
want to put government in its place. There's no reason why truly
not-for-profit companies couldn't handle the job. I do favor a
government-run but not necessarily government-underwritten option for
those who want one.


You are beginning to sound like Princess Little Feather. You want a
private, not for profit company to fund a government managed health plan.
Sure. I want in. Where do I sign up?

Right here..cupcake. That's exactly what we have in Nova Scotia.
Medavie Blue Cross administers our MSI, Seniors Pharmacare, Family Drug
Plan & Childhood Dental Plan + the Diabetes Program

Don White wrote:
"Jim" wrote in message
...
H the K wrote:
On 10/15/09 4:44 PM, wrote:
On Thu, 15 Oct 2009 12:55:33 -0400, H the K
wrote:

I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.
What function does insurance in general have?
Do you want the government to write life, homeowner's and car
insurance too?
They already write flood

Being opposed to private, for-profit health insurance does not mean I
want to put government in its place. There's no reason why truly
not-for-profit companies couldn't handle the job. I do favor a
government-run but not necessarily government-underwritten option for
those who want one.


You are beginning to sound like Princess Little Feather. You want a
private, not for profit company to fund a government managed health plan.
Sure. I want in. Where do I sign up?

Right here..cupcake. That's exactly what we have in Nova Scotia.
Medavie Blue Cross administers our MSI, Seniors Pharmacare, Family Drug
Plan & Childhood Dental Plan + the Diabetes Program



Sacrebleu Save the sweet talk for the lonely princess. Did you know that
managed and administered are essentially the same. So unless Blue Cross
is the government you are way far out mistaken.

Don White wrote:
"Jim" wrote in message
...
H the K wrote:
On 10/15/09 4:44 PM, wrote:
On Thu, 15 Oct 2009 12:55:33 -0400, H the K
wrote:

I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.
What function does insurance in general have?
Do you want the government to write life, homeowner's and car
insurance too?
They already write flood

Being opposed to private, for-profit health insurance does not mean I
want to put government in its place. There's no reason why truly
not-for-profit companies couldn't handle the job. I do favor a
government-run but not necessarily government-underwritten option for
those who want one.


You are beginning to sound like Princess Little Feather. You want a
private, not for profit company to fund a government managed health plan.
Sure. I want in. Where do I sign up?

Right here..cupcake. That's exactly what we have in Nova Scotia.
Medavie Blue Cross administers our MSI, Seniors Pharmacare, Family Drug
Plan & Childhood Dental Plan + the Diabetes Program



Crappy health care at a premium price! And, no, it's not "free".

On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote:

There's no reason why truly
not-for-profit companies couldn't handle the job.

That's a great idea, don' know why I didn't think of it first. Let's
put together a group of like minded entrepreneurs, invest some money,
and start a private not-for-profit company to do this.

Oh wait, what's our incentive? How do we get compensated for our
time, effort and risk?

The devil is always in the details.

Marx and Lenin founded an economic system with no incentives for risk
and effort. We all know how that turned out.

On Thu, 15 Oct 2009 19:56:09 -0400, Wayne.B wrote:

On Thu, 15 Oct 2009 17:12:21 -0400, somebody wrote:

There's no reason why truly
not-for-profit companies couldn't handle the job.

That's a great idea, don' know why I didn't think of it first. Let's
put together a group of like minded entrepreneurs, invest some money,
and start a private not-for-profit company to do this.

That's exactly how Blue Cross\Blue Shield started, and some of them are
still non-profit.

Oh wait, what's our incentive? How do we get compensated for our time,
effort and risk?

The devil is always in the details.

Marx and Lenin founded an economic system with no incentives for risk
and effort. We all know how that turned out.