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On Fri, 05 Aug 2011 08:02:37 -0600, Canuck57
wrote: On 04/08/2011 11:19 PM, wrote: On Thu, 04 Aug 2011 20:21:00 -0400, X - wrote: On 8/4/11 8:10 PM, wrote: You would have locked in that 12700 Dow and be grinning while you watched this crash from the sidelines. At some point, American small investors are going to realize the stock market is a fraud, and they'll look elsewhere to invest their retirement and savings assets. BTW, unlike you and Canuckles, I don't seen anything humorous about a stock slide. What it does is hurt small investors. Perhaps "grin" was a poor choice of words but it was clear to me that there was a serious correction coming when this debt thing started and I was relieved that I did not have to go down with that ship. I have cashed in most of my personally held equities and I reallocated my funds. I am going to sit on side for a while and wait for some positive news coming out of the economy before I get back in the market again. I have a feeling that might be a while. There may be a few trades that you can play with but I am not even willing to look at this mess right now. Things are far too uncertain and I don't see anything coming out if DC that is going to make that any better any time soon. That $5000 bag of quarters I keep getting **** about may easily go over $30,000 by Christmas. I hope not because that would imply the value of the dollar dropped significantly. I would keep those quarters. Silver, real money. You would if you could afford it. I'm sure you've got your stash of quarters you use at the local McD's for coffee. Do the other customers complain about your odor? |
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