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#22
posted to rec.boats
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economist blames wall street for collapse
On Sun, 9 May 2010 09:38:08 -0400, "D.Duck" wrote:
"moose" wrote in message . .. On 5/9/2010 9:21 AM, D.Duck wrote: "bpuharic" wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, bpuharic wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. Do you suppose Bob bailed out towards the end of yesterday's trading? Nah.....he claims poverty and has no money to invest. that's true. i work for a living. i don't sit on my fat ass complaining about the hoi polloi and how they're so lazy...not like the hard working folks on wall street |
#23
posted to rec.boats
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economist blames wall street for collapse
On Sun, 9 May 2010 10:03:10 -0400, BAR wrote:
In article , says... This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? there are no unions in the US. |
#24
posted to rec.boats
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economist blames wall street for collapse
On Sun, 09 May 2010 08:06:47 -0600, Canuck57
wrote: On 09/05/2010 7:58 AM, hk wrote: On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Only if you are stupid, thick headed and don't do your research. or you could be like the average working guy or gal in america...believed the right wing stuff about how free markets, unregulated, are the best protection for working folks. then watched your 401K tank while you lost your job |
#25
posted to rec.boats
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economist blames wall street for collapse
On Sun, 09 May 2010 08:03:10 -0600, Canuck57
wrote: On 09/05/2010 4:37 AM, bpuharic wrote: On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... You only don't see it because you are clueless. says the guy who thinks '29 was a great boost for the free market |
#26
posted to rec.boats
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economist blames wall street for collapse
On Sun, 09 May 2010 08:02:32 -0600, Canuck57
wrote: On 08/05/2010 10:23 PM, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. Some real truth to that. If you exclude dividents, where there is a winner there is a loser. A zero sum game. The economy is say worth 100 units. Than the market swings are irrelivant, your percentage of the units is all that maters. Being a zero sum game, the odds are better than Vegas. well...no. because 100 units today are not worth the same as 100 units yesterday golly. you really are stupid, aren't you? oh, yeah. you're right wing. |
#27
posted to rec.boats
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economist blames wall street for collapse
On 09/05/2010 8:20 AM, bpuharic wrote:
On Sun, 09 May 2010 08:06:47 -0600, wrote: On 09/05/2010 7:58 AM, hk wrote: On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Only if you are stupid, thick headed and don't do your research. or you could be like the average working guy or gal in america...believed the right wing stuff about how free markets, unregulated, are the best protection for working folks. then watched your 401K tank while you lost your job It happened to me. Lost my job, ok, well sort of. I hinted to the boss to make me next as I wanted out anyways and was casually looking. But still, got the RIF. They gave me the news at 11am, I came home and partied all afternoon. Boss really hated letting me go, but so what, I look after #1, my family. Difference was I had eyes open and knew it was coming. It was also the only way I could get a severance, and roll over the pensions. In cash too, just before the crash. Opportunity. I didn't stand in the middle of the tracks like a dumb sheep or deer and wait for it to hit me so I could wallow in self pity and whine. Nope, I went with the flow and profited. I even took a well deserved whole month off before I looked for a job, and it was good! Longest time off I have had since I was a kid. Having the month off was good, transfered the US and Canadian pension in cash while the market crashed. Plotted an investment strategy, and followed it. Easing the cash into the market in Jan-Apr 2009. LMAO to the bank for these moves. But my wife said it best, you are bored after 4 weeks. I was, picked up the phone and sent out 5 resumes, 3 interviews and 2 job offers... I was again a tax-paying slave. But then, I manage my life where I can, I don't worship others like Obama/Harpo/Iggy in my life, they are just puppets managing the herd. So, I guess you screwed up then eh? You story? Loser in auto gets the axe and developes self pity for being asleep in life? -- There is a sucker born every minute, liberals and our politicians are counting on it. |
#28
posted to rec.boats
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economist blames wall street for collapse
On 09/05/2010 8:21 AM, bpuharic wrote:
On Sun, 09 May 2010 08:03:10 -0600, wrote: On 09/05/2010 4:37 AM, bpuharic wrote: On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... You only don't see it because you are clueless. says the guy who thinks '29 was a great boost for the free market Nope, just the market reflecting the reality of the politics of the times. You someone believe the markets are out to get you or something. Paranoia actually. Markets are simple, they always seek a collective view on the economy. One person can't change it, it is a collective. Look at it as a politicial report card. Bad politics, bad economics by government begets bad and unstable markets. Even big mouth Obama on his soap box can't do much as he is the problem. A debt monger. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
#29
posted to rec.boats
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economist blames wall street for collapse
On 09/05/2010 8:22 AM, bpuharic wrote:
On Sun, 09 May 2010 08:02:32 -0600, wrote: On 08/05/2010 10:23 PM, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. Some real truth to that. If you exclude dividents, where there is a winner there is a loser. A zero sum game. The economy is say worth 100 units. Than the market swings are irrelivant, your percentage of the units is all that maters. Being a zero sum game, the odds are better than Vegas. well...no. because 100 units today are not worth the same as 100 units yesterday golly. you really are stupid, aren't you? oh, yeah. you're right wing. When currency fluxates, you don't worry about the numbers, you worry about value. For example, you take a 10 year t-bill at 0.5% and say inlfation runs an average of 10%, then loaning the government cost you 50% in value even though the $$$ amount in 10 years is slightly up. It is also why US/Canadian government can no longer borrow money and create it off their own banks...inflationary ponzi money. I have zero in bonds, but do watch the markets and I haven't seen a government issue anywhere fill since Sept 2008 or so. Which means our governemtns are bankrupt, as they only function on their ability to create money which is not sustainable. That is, a second crash is inevitable at this point. As Obama and democrats are jack asses if they think they can debt-spend their way out of a debt depression. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
#30
posted to rec.boats
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economist blames wall street for collapse
In article ,
says... On 5/9/10 10:03 AM, BAR wrote: In articlel7idnWiLI63lInvWnZ2dnUVZ_tudnZ2d@earthlink .com, says... On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... wrote in message ... On Sun, 09 May 2010 00:23:54 -0400, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. really? i bet if your sold your stocks at the end of the day you'd sse it was real money. you right wingers...dont even know how the stock market works... Please tell us how YOU think the market works. This ought to be interesting reading. How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? Tell us, oh educated one, are unions "little" investors? And most of the unions with which I am familiar have extraordinarily diversified investment accounts. And what has any of that to do with the fact that brokerage houses rip off buyers and sellers? You really are a pimp, aren't you? You said the magic word, diversification, my financial planner is always telling me about the minimizing the downside. Diversificaiton minimizes the downside. Taking profits and distributing them among investments is the key to minimizing the downside and diversification. I suppose you buy everything at cost? If you don't you are getting ripped off by everyone. My goal is to retire and have the same standard of living I have today. This is a foreign concept to you. |
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