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o,t, stock market like a yo-yo

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jonnny2006

09-07-2007 11:28:20




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dow down 200 nas down 46. might as well go to the casino instead of investing in the markets.




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NawlensGator

09-07-2007 20:14:57




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  

I took everything out of the market in Feb 2001, put most back in Mar 2003. Put most everthing else back in at S&P < 1450 the last few weeks. This is a good entry point region. These dips are necessary for a healthy market. They also puts stocks in stronger hands as the market climbs the wall of worry going forward. P/E ratios are very reasonable now, but weaker stomachs will get out of the kitchen.

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Goose

09-07-2007 20:08:08




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  
During the Depression and drouth in the '30's, my father's crops wiped out most of the time for several years, BUT, he had a Fordson tractor, a Model T Ford truck, a buzz saw, and twenty acres of timber on one end of the farm.

People in town still had to heat their houses in the winter. They kept my dad busy all winter cutting and selling firewood.

Speaking of firewood, I read a history of Omaha once that included a tale of a man in North Omaha in about 1855 who dealt in firewood. He had a problem with pilferage, so he took about 20 pieces of firewood, drilled a big hole down the middle, filled them with gunpowder, hammered a plug in, and put them at the end of the stack. When the neighbor's wood cook stoves started blowing up for no reason, the pilferage stopped.

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agpilot

09-08-2007 07:15:24




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 Re: o,t, stock market like a yo-yo in reply to Goose, 09-07-2007 20:08:08  
Hello Goose: I really like your comments about how a man stopped people from stealing firewood. Made my day, sofar. agpilot

Copy from Goose-->>Speaking of firewood, I read a history of Omaha once that included a tale of a man in North Omaha in about 1855 who dealt in firewood. He had a problem with pilferage, so he took about 20 pieces of firewood, drilled a big hole down the middle, filled them with gunpowder, hammered a plug in, and put them at the end of the stack. When the neighbor's wood cook stoves started blowing up for no reason, the pilferage stopped.

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GeneMO

09-07-2007 19:53:28




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  
They had a mini crash back in about Feb. It recovered in a few days and I took 90% of my 401K out of stocks and put it in bonds. It has only grown 3 or 4 %, but all the other funds I was in lost anywhere from 5 to12%. If I can figure out when it bottoms, I"ll put it all back in. In the long run you will always make money. Unless you are ready to retire and start withdrawing out of the funds you really havne"t lost anything. Look at the 5 and 10 year averages. I have a wall chart that shows the average growth of the stock market since its inception. There are peaks and valleys but the overall trend is always up. I think gold in the long run will always be a good investment also. Also Farmall tractors.

Gene

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CNKS

09-07-2007 18:45:53




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  
Buy a mutual fund that tracks the S&P 500 and forget about it. Average yearly return over the past 75 years or so is about 9%.



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James22

09-07-2007 17:46:53




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  
Just got to have a sense when to get in and when to get out. Didn't always hit the highs and lows correctly, but was close enough to kick that everyday job to the curb and retire comfortably at age 55. Really didn't get serious until 15 years ago and wish I'd started earlier. Personally just got damn tired of working for someone else and although compensation was pretty good it was still chump change compared to the corporate hog that upper manangement was sticking. So instead of just bitching, I did something about it, and the resulting freedom is sweet. If you are already self-employed/self-directed, enjoy the work, and have sufficient income, then don't sweat the stock market contortions, you are already experiencing the American Dream.

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F-Dean

09-07-2007 16:16:40




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  
Aren't you glad that your Social Security is not in the Stock Market like Geroge W. wanted!!!



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IndianaRed

09-08-2007 07:17:51




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 Re: o,t, stock market like a yo-yo in reply to F-Dean, 09-07-2007 16:16:40  
That statement is totally ignorant of any understanding of the markets, and the economy in general.



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GeneMO

09-07-2007 23:17:49




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 Re: o,t, stock market like a yo-yo in reply to F-Dean, 09-07-2007 16:16:40  
Your money that SS stole may net you about one half of one percent. That same money in the stock market, long haul would get you about 10%. There is not one thing, except the military, that private enterprise cannot beat the government management hands down.


Gene



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CNKS

09-07-2007 18:54:09




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 Re: o,t, stock market like a yo-yo in reply to F-Dean, 09-07-2007 16:16:40  
I would have more money than I do now if my SS was in the market. You just have to put up with year to year variation (forget the day to day and month to month). The overall direction of the stock market is and always has been, up. Otherwise our economy would have crashed decades ago. But, it does not go up in a straight line, and drops like we have now are just part of it. It will recover. The current decline is nothing more than excessively nervous traders. It is still higher than it was at the beginning of the year. Every year does not produce a profit.

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IndianaRed

09-08-2007 07:20:58




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 Re: o,t, stock market like a yo-yo in reply to CNKS, 09-07-2007 18:54:09  
Billionaire investor Warren Buffet: "When people get nervous,(in the markets) I get greedy, (i.e. Good time to buy), when people get greedy, (market going up) I get nervous". I think he knows a little something.



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Fawteen

09-07-2007 13:12:26




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  
Yup.

Decided late to supplement my retirement with an IRA. Got fat in the early 90's, makin' money on my investments hand over fist.

Lost it all when the market tanked, and took a big bite out of my principal.

They say if you stay in it for the long run, on average you'll make out. Mebbe so, but I ain't got that kind of time.

Which is why all my money is now in tax deferred CD's...

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georgeky

09-07-2007 11:31:32




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:28:20  
Are they trading on Farmalls?



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jonnny2006

09-07-2007 11:37:13




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 Re: o,t, stock market like a yo-yo in reply to georgeky, 09-07-2007 11:31:32  
CNH is public traded



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georgeky

09-07-2007 12:35:27




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 Re: o,t, stock market like a yo-yo in reply to jonnny2006, 09-07-2007 11:37:13  
I don't have any kind of stock to worry about other than my old cows, 2 sows and 11 pigs. I assume folks will need to eat whatever happens. We who can raise our own food and have a cow or two can make it through most any hardship.



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El Toro

09-07-2007 15:39:33




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 Re: o,t, stock market like a yo-yo in reply to georgeky, 09-07-2007 12:35:27  
I asked my late mom about the depression years and she said we really didn't know it happened. She said they had their own hogs, chickens and
a big garden. They had milking cows and were getting a little money from the milk and eggs.

The people that had a lot of money invested in the stock market were the ones that were hit the hardest and if you had money you couldn't get it out of the banks. She said a lot of men would stop by and ask for something to eat and were willing to work for it. Now you would be afraid of doing that since you might get knocked in the head or worse. Hal

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georgeky

09-07-2007 16:40:04




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 Re: o,t, stock market like a yo-yo in reply to El Toro, 09-07-2007 15:39:33  
Hal, the old folks I knew made out OK then too. Just didn't have any money. Lots of folks now would starve to death as they don't know anything about putting up food. Canning, curing meat and so on. I still have a lard kettle,press and sausage grinder. I use them every fall. Got lots of stuff in a jar too. Place is paid for. Don't much matter to me how rough it gets in town. To many have been easing along on credit to long. My momma always said if you dance you have to pay the fiddler. I do need some more hens. Got rid of most of them a year or so back. I suppose if where to get bad, folks would be stealing chickens and pigs and anything else they could. Wait a minute. Lots of them doing that now. My G Grandpa made it on 10 acres and gramps had 28. They raised all their food right there.

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El Toro

09-07-2007 17:32:22




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 Re: o,t, stock market like a yo-yo in reply to georgeky, 09-07-2007 16:40:04  
My late mother-in law said they canned everything, but the squeal. That's not done much anymore. She made loaves of bread for years and they would have corn made into corn meal and had grain made into flour. My mom was from the south and always made hot biscuits sometimes 3 times a day. She went to work in a defense plant during WW2 making 20mm ammo. Back then we didn't go to the store very often if we were snowed in we just threw another log on the fire.
We still milked those cows twice a day and all those animals had to fed and barns cleaned. Times have sure changed. Hal

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georgeky

09-07-2007 18:04:03




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 Re: o,t, stock market like a yo-yo in reply to El Toro, 09-07-2007 17:32:22  
I don't milk, but do grind my own corn meal. Twice as good for corn bread as that dry store bought stuff. Make quite a few biscuits in the winter. To hot for all that oven work now. I am still stuck in the past. I haven't been to town in 5 weeks. The wife goes though. I don't hardly ever leave the place except to go to the other place. I was over there today for while piling brush. Got finished housing tobacco this morning and just went to check on things. Going to move back to the other place if I ever get the house finished. My great grand daddy built it right after WWII. I think I will sell this place and just monkey around over there. Just 38 acres there to mow.

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El Toro

09-08-2007 03:59:12




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 Re: o,t, stock market like a yo-yo in reply to georgeky, 09-07-2007 18:04:03  
With 38 acres that should keep you busy. My neighbor and his son each lost $150,000.00 in the stock market. I always said if they put social security in the stock market they may as well take it to Dover Delaware and play it on the slots. My nephew never did learn how to make biscuits like my mom made. He made them one year
for Christmas and they were like eating chalk.
My mom made yeast rolls for special occasions and she made them from scratch too. My wife makes them for Christmas, but she uses a bread machine
to mix the dough.

Are you getting any rain? I watched the Weather Channel and it looked like you were getting rain.
It's dry here again and the ground is hard. Hal

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georgeky

09-08-2007 13:21:08




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 Re: o,t, stock market like a yo-yo in reply to El Toro, 09-08-2007 03:59:12  
Raining about 200 miles wast of me. I haven't had a drop on almost 3 weeks.



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Pat-CT

09-07-2007 12:37:38




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 Re: o,t, stock market like a yo-yo in reply to georgeky, 09-07-2007 12:35:27  

georgeky said: (quoted from post at 12:35:27 09/07/07) I don't have any kind of stock to worry about other than my old cows, 2 sows and 11 pigs. I assume folks will need to eat whatever happens. We who can raise our own food and have a cow or two can make it through most any hardship.


hahaha thats good

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georgeky

09-07-2007 12:47:04




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 Re: o,t, stock market like a yo-yo in reply to Pat-CT, 09-07-2007 12:37:38  
Pat, in all reality I knew an old woman who ran a store during the great depression,(before time of course)and she traded store goods to folks taking there land in as collateral. By time all was done she was one of if not the largest land owner in Clark County, KY. Most the land is now owned by her daughter. Use to work on the farm. It is some of the best land in the county.



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