Will losses at Bank of America...
 

....and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Will losses at Bank of America...
 

On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

Will losses at Bank of America...
 

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.


I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Will losses at Bank of America...
 

hk wrote:
Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.


I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.


Whoops. The fed just cut rates by 3/4 of a point. Can't recall that ever
happening before...all bets are off.

Will losses at Bank of America...
 

hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to
buy. We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Will losses at Bank of America...
 

On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)

Will losses at Bank of America...
 

On Jan 22, 8:29*am, "JimH" wrote:
"hk" wrote in message

. ..





Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. *We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. *Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Could be.

We met with our financial advisor yesterday afternoon to arrange payoff of a
college loan. *He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.

Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. * If the bond
markets start to drop then you know we are in bad times.- Hide quoted text -

- Show quoted text -

If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.

Will losses at Bank of America...
 

On Tue, 22 Jan 2008 08:25:55 -0500, hk wrote:

hk wrote:
Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.


I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.


Whoops. The fed just cut rates by 3/4 of a point. Can't recall that ever
happening before...all bets are off.

Chicken.

Typical Yamaha owner. :)

Will losses at Bank of America...
 

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)


You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.

Will losses at Bank of America...
 

On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)

You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.

Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)

Will losses at Bank of America...
 

Will losses at Bank of America...
 

BAR wrote:
Also, we are in the process of deciding what new car we are going to
buy. We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Be careful on that, they often provide the zero percent financing on
left-over cars or simply those stuck in inventory.

Will losses at Bank of America...
 

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.
Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)
You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.

Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)


IBM is still in business?

Will losses at Bank of America...
 

hk wrote:
Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk
wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might
not end up today below 12000, but it will be there for a while.
Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)
You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.

Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)


IBM is still in business?

Yeah, screwing the working guy and splitting above $100 and then
climbing back over $100 per share in a couple of years. Great long term
investment for a share holder such as union pension funds and mutual
funds in 401ks.

Will losses at Bank of America...
 

"BAR" wrote in message
. ..
hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Gee.. with all the money you continually brag about earning...why not
negotiate a better discount and pay cash for the vehicle?

Will losses at Bank of America...
 

"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 08:34:38 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:18:30 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.
I'll bet you a fiver that the dow drops below 12000 today. Might not
end
up today below 12000, but it will be there for a while.

Maybe - dont' see it now though. Fed just cut 75 basis points this
morning and probably will do another 50 on the 31st.

Hey - compared to 2002 when it was at 7500, I'll take 12,000.

Let's make it ends at 12,000 at the close of business. You take the
under, I'll take the over. If it ends at 12,000 - it's a push.

$5 - that'll be a couple of gallons of gas. :)

You're on, though I think it will close above 12000. Ain't gonna open
there, though. But I will take the downside.

Done and done.

WHOO HOO!!! :)

Hmmm - think I'll have to buy some more IBM. :)

Time to buy quality companies that have been beaten up in this mess. Dollar
cost averaging is your friend in times like these.

Will losses at Bank of America...
 

On Jan 22, 9:11*am, "Don White" wrote:
"BAR" wrote in message

. ..

hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to buy..
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Gee.. with all the money you continually brag about earning...why not
negotiate a better discount and pay cash for the vehicle?

The way taxes are set up down here, that is not always the best way to
go. Your money guy tells you when, what, and how to buy/lease..

Will losses at Bank of America...
 

Don White wrote:
"BAR" wrote in message
. ..
hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Gee.. with all the money you continually brag about earning...why not
negotiate a better discount and pay cash for the vehicle?



He's highly leveraged, and hopes to be a dentist in his next life, when
he will stay in high school.

I can certainly understand taking advantage of the rates right now to
refinance a house mortgage, but going into debt for consumer spending? Nah.

Will losses at Bank of America...
 

On Jan 22, 8:55*am, "JimH" wrote:
wrote in message

...
On Jan 22, 8:29 am, "JimH" wrote:





"hk" wrote in message

...

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Could be.

We met with our financial advisor yesterday afternoon to arrange payoff of
a
college loan. He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.

Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. If the bond
markets start to drop then you know we are in bad times.- Hide quoted
text -

- Show quoted text -

If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.
===================
What do you think we are paying it off with dummy?

The loan was 6.5% and my money was making 10%~20% over the past few years.
Do the math if you are able to, which I doubt.- Hide quoted text -

- Show quoted text -

Where the hell were you getting a 20% return?

Will losses at Bank of America...
 

Will losses at Bank of America...
 

On Jan 22, 9:28*am, hk wrote:
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?

They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."

Well, it is under 12000 now at the open.. Gotta' go shovel ****, I
know that will always be there;)

Will losses at Bank of America...
 

Will losses at Bank of America...
 

On Jan 22, 9:33*am, hk wrote:
wrote:
On Jan 22, 9:28 am, hk wrote:
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:
IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days
Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."

Well, it is under 12000 now at the open.. Gotta' go shovel ****, I
know that will always be there;)

Sell horsecrap futures...big market.

Maybe on Google, but I don't get my information there;) Out there in
the real world, the production is outdoing the demand, at least in my
neck of the woods.

Will losses at Bank of America...
 

Wel, Harry. If you really don't pay attention to it,t hen why do you
point out the actions of the stock market here on rec. boats?

hk wrote:
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?

They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days


Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."

Will losses at Bank of America...
 

wrote in message
...
On Jan 22, 8:55 am, "JimH" wrote:
wrote in message

...
On Jan 22, 8:29 am, "JimH" wrote:





"hk" wrote in message

...

Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk
wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

I'll bet you a fiver that the dow drops below 12000 today. Might not
end
up today below 12000, but it will be there for a while.

Could be.

We met with our financial advisor yesterday afternoon to arrange payoff
of
a
college loan. He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.

Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. If the bond
markets start to drop then you know we are in bad times.- Hide quoted
text -

- Show quoted text -

If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.
===================
What do you think we are paying it off with dummy?

The loan was 6.5% and my money was making 10%~20% over the past few years.
Do the math if you are able to, which I doubt.- Hide quoted text -

- Show quoted text -

Where the hell were you getting a 20% return?

Of course not in CDs. But not really hard to do in the stock market, prior
to last the last quarter.

Will losses at Bank of America...
 

Tim wrote:
Wel, Harry. If you really don't pay attention to it,t hen why do you
point out the actions of the stock market here on rec. boats?

hk wrote:
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."


It's the economy, stupid!

To me, it is just another indicator of the b.s. on the economy being fed
to boobus Americanus by the chief bushshi**er, George W. Bush. The sad
state of the economy, the lack of jobs, the foreclosures, the growing
number of Americans with no health insurance, et cetera, will play a big
role this fall in electing a president from the Democratic party and
will help give the Democrats a working majority in the House and Senate.

Will losses at Bank of America...
 

"DownTime" wrote in message
. ..
BAR wrote:
Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Be careful on that, they often provide the zero percent financing on
left-over cars or simply those stuck in inventory.


Why would that be a problem, if it's a car you want and it's not pre-owned?

Will losses at Bank of America...
 

"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?

They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days


Except for two stocks, we got out of the stock market years ago and don't
really pay any attention to it, except to chuckle over its vagaries and
the belief anyone pays to its "integrity."


What a silly generalization.

Will losses at Bank of America...
 

JoeSpareBedroom wrote:
"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and don't
really pay any attention to it, except to chuckle over its vagaries and
the belief anyone pays to its "integrity."


What a silly generalization.



Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.

Will losses at Bank of America...
 

"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."


What a silly generalization.

Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.


OK. What investments do you use which have consistently stayed ahead of
inflation?

Will losses at Bank of America...
 

On Tue, 22 Jan 2008 15:25:36 GMT, "JoeSpareBedroom"
wrote:

"DownTime" wrote in message
...
BAR wrote:
Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Be careful on that, they often provide the zero percent financing on
left-over cars or simply those stuck in inventory.


Why would that be a problem, if it's a car you want and it's not pre-owned?


You do realize that *all* cars are pre-owned, don't you?
I hope you don't suppose the dealer doesn't OWN the car you buy from
him. Perhaps you need to study how titles work.
Why don't you just say "used car?"
I hope you're not an adherent of some weird "language religion."
(Just caught a dose of snark here, and picked you as sneeze target.
Sorry. Take it all back. In fact I won't even send this message.)

Will losses at Bank of America...
 

On Tue, 22 Jan 2008 09:37:49 -0600, Vic Smith
wrote:

On Tue, 22 Jan 2008 15:25:36 GMT, "JoeSpareBedroom"
wrote:

"DownTime" wrote in message
m...
BAR wrote:
Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Be careful on that, they often provide the zero percent financing on
left-over cars or simply those stuck in inventory.


Why would that be a problem, if it's a car you want and it's not pre-owned?


You do realize that *all* cars are pre-owned, don't you?
I hope you don't suppose the dealer doesn't OWN the car you buy from
him. Perhaps you need to study how titles work.
Why don't you just say "used car?"
I hope you're not an adherent of some weird "language religion."
(Just caught a dose of snark here, and picked you as sneeze target.
Sorry. Take it all back. In fact I won't even send this message.)

ooops--fat finger. Or is it fathead?

--Vic

Will losses at Bank of America...
 

"Vic Smith" wrote in message
...
On Tue, 22 Jan 2008 15:25:36 GMT, "JoeSpareBedroom"
wrote:

"DownTime" wrote in message
m...
BAR wrote:
Also, we are in the process of deciding what new car we are going to
buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

Be careful on that, they often provide the zero percent financing on
left-over cars or simply those stuck in inventory.


Why would that be a problem, if it's a car you want and it's not
pre-owned?


You do realize that *all* cars are pre-owned, don't you?
I hope you don't suppose the dealer doesn't OWN the car you buy from
him. Perhaps you need to study how titles work.
Why don't you just say "used car?"
I hope you're not an adherent of some weird "language religion."
(Just caught a dose of snark here, and picked you as sneeze target.
Sorry. Take it all back. In fact I won't even send this message.)


Yeah I know - we're buying the cars from the bank. But anyway....my question
to DownTime still stands. Does he really think most buyers are unaware of
the fact that many dealers are loaded with inventory they can't sell fast
enough? They're pretty clear about it in their TV & radio commercials.

Will losses at Bank of America...
 

JoeSpareBedroom wrote:
"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days
Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."

What a silly generalization.
Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.


OK. What investments do you use which have consistently stayed ahead of
inflation?



These days, commercial real estate for income and appreciation, and some
raw land options which we picked up and exercised in the early 1990s.
Every couple of years we sell off a lot and at some point, we'll
probably sell the remaining lots to a respectable architect/developer.
We've done very well with the land speculation. :-)

We also bought gold in the low $400s. Not certificates, coins. And we
have some money invested in private businesses, a real speculation on
our part, but the bookkeepers are honest.

Will losses at Bank of America...
 

"hk" wrote in message
. ..
Tim wrote:
Wel, Harry. If you really don't pay attention to it,t hen why do you
point out the actions of the stock market here on rec. boats?

hk wrote:
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."


It's the economy, stupid!

To me, it is just another indicator of the b.s. on the economy being fed
to boobus Americanus by the chief bushshi**er, George W. Bush. The sad
state of the economy, the lack of jobs, the foreclosures, the growing
number of Americans with no health insurance, et cetera, will play a big
role this fall in electing a president from the Democratic party and will
help give the Democrats a working majority in the House and Senate.

Which would you rather see-

Dow collapses to 4,000 guaranteeing that the Dems win the white house-

or

Dow reaches 15,000 reducing the chance that the Dems win the white house to
50%.

Will losses at Bank of America...
 

"Sam" wrote in message
news:Xdolj.14061$k15.12433@trnddc06...

"hk" wrote in message
. ..
Tim wrote:
Wel, Harry. If you really don't pay attention to it,t hen why do you
point out the actions of the stock market here on rec. boats?

hk wrote:
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."


It's the economy, stupid!

To me, it is just another indicator of the b.s. on the economy being fed
to boobus Americanus by the chief bushshi**er, George W. Bush. The sad
state of the economy, the lack of jobs, the foreclosures, the growing
number of Americans with no health insurance, et cetera, will play a big
role this fall in electing a president from the Democratic party and will
help give the Democrats a working majority in the House and Senate.

Which would you rather see-

Dow collapses to 4,000 guaranteeing that the Dems win the white house-

or

Dow reaches 15,000 reducing the chance that the Dems win the white house
to 50%.


Neither choice is financially realistic. But, since when is reality the norm
for the stock market?

Will losses at Bank of America...
 

On Tue, 22 Jan 2008 15:33:41 GMT, "JoeSpareBedroom"
wrote:

"hk" wrote in message
...
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."


What a silly generalization.

Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.


OK. What investments do you use which have consistently stayed ahead of
inflation?

I never bought stocks, and any profit sharing stocks were quickly
liquidated and put in my 401k money market fund. Poor interest, but
not much risk. As soon as I could pull money from the 401k it went
into federally insured IRA CD's. Decent interest (+5% for the last
two years, and hardly any risk.
Now, how did I stay ahead of inflation?
Simple. I kept my salary inflated.

--Vic

Will losses at Bank of America...
 

"hk" wrote in message
...
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk
wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days
Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."

What a silly generalization.
Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.


OK. What investments do you use which have consistently stayed ahead of
inflation?

These days, commercial real estate for income and appreciation, and some
raw land options which we picked up and exercised in the early 1990s.
Every couple of years we sell off a lot and at some point, we'll probably
sell the remaining lots to a respectable architect/developer. We've done
very well with the land speculation. :-)

We also bought gold in the low $400s. Not certificates, coins. And we have
some money invested in private businesses, a real speculation on our part,
but the bookkeepers are honest.


Great. Other than the gold, the other investments aren't necessarily an
option for a lot of investors, either because they don't have the money, or
don't want to be in those businesses.

Look at the stock holdings in most decent mutual funds, and you won't
recognize half the companies. These investments work just fine.

Will losses at Bank of America...
 

"Vic Smith" wrote in message
...
On Tue, 22 Jan 2008 15:33:41 GMT, "JoeSpareBedroom"
wrote:

"hk" wrote in message
m...
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk
wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days

Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."


What a silly generalization.

Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.


OK. What investments do you use which have consistently stayed ahead of
inflation?

I never bought stocks, and any profit sharing stocks were quickly
liquidated and put in my 401k money market fund. Poor interest, but
not much risk. As soon as I could pull money from the 401k it went
into federally insured IRA CD's. Decent interest (+5% for the last
two years, and hardly any risk.
Now, how did I stay ahead of inflation?
Simple. I kept my salary inflated.

--Vic


As long as the 401k money market was your choice, not your employer's, I
guess you're happy. Hopefully, there were other investment choices with that
401k. Companies have been taken to court and beaten up badly for offering
only what they considered "safe".

Will losses at Bank of America...
 

JoeSpareBedroom wrote:
"hk" wrote in message
...
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk
wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days
Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."
What a silly generalization.
Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.

OK. What investments do you use which have consistently stayed ahead of
inflation?
These days, commercial real estate for income and appreciation, and some
raw land options which we picked up and exercised in the early 1990s.
Every couple of years we sell off a lot and at some point, we'll probably
sell the remaining lots to a respectable architect/developer. We've done
very well with the land speculation. :-)

We also bought gold in the low $400s. Not certificates, coins. And we have
some money invested in private businesses, a real speculation on our part,
but the bookkeepers are honest.


Great. Other than the gold, the other investments aren't necessarily an
option for a lot of investors, either because they don't have the money, or
don't want to be in those businesses.

Look at the stock holdings in most decent mutual funds, and you won't
recognize half the companies. These investments work just fine.




I'm sure they do. But I don't actually believe in the underlying honesty
of either large corporations or stock markets.