[Specop_007]

$this->bbcode_second_pass_quote('ColossalContrarian', 'I') have no money invested so I can’t lose any. That was my point. You seem to be a know-it-all b!tch so good luck with that BOTTOM LINE: In a depression, a lot of people lose money, even their life savings.

[nobodypanic]

next week it's all over!

[kublikhan]

I'm with you Specop, I think a lot of these people declaring that the end is here are living in fantasy land.

As for putting my money were my mouth is, I've been saying for months that commodities were overvalued and their rise was not driven by fundamentals. Now over a year's worth of gains have been wiped out:
Commodities

Saved quiet a penny by not buying into the hype.

[hironegro]

$this->bbcode_second_pass_quote('Specop_007', 'I') know very well people are losing jobs. You can either give up or pick yourself up and carry on. .

[threadbear]

$this->bbcode_second_pass_quote('kublikhan', 'I')'m with you Specop, I think a lot of these people declaring that the end is here are living in fantasy land.

As for putting my money were my mouth is, I've been saying for months that commodities were overvalued and their rise was not driven by fundamentals. Now over a year's worth of gains have been wiped out:
Commodities

Saved quiet a penny by not buying into the hype.

[threadbear]

$this->bbcode_second_pass_quote('Oil_be_alroit', 'I') think Specop_007 certainly has a point.

OTOH it could be a bit like the guy who jumps out of 50 storey building saying as he goes past the 25th storey "Well, it's OK so far!"

[Delphis]

[quote="AlexdeLarge"]No, the sky is not falling............but the DOW sure is! LOL
quote]

"If a tree falls in a forest and no one is around to hear it, does it make a sound?"

"If the Dow Falls in the market and you are one of the one's shorting the dow or investing in good companies and companies other than those thirty, does your portfolio make a sound"

The answer is YES! I am with Specop...research and knowledge are everything, and having a discipline and not getting emotional or letting the doom crawl up your trousers is paramount!

[vision-master]

$this->bbcode_second_pass_quote('Specop_007', 'S')ome of you sound like a sewing circle thats run out of yarn. Seriously. For the past 4 months or so all I've seen is "Next week it all comes down!". And next week comes. "Next week it all comes down!" And next week comes "Next month it all comes down!".
Well, it hasnt. Its not going to. What your seeing is some major players taking major losses from majorly poor decisions, but the world isnt going to end and the markets arent going to die. I said WaMu would run strong and buy at 4 2 months ago when everything though they were dead. I said last week Wamu would hold strong. I also said Monday wouldnt be the meltdown of the markets. --snip-- My 2 cents. Now GO out there and take the money thats YOURS. Do some research, make smart moves, take bets in your favor and TAKE the money thats waiting for you, thats ASKING you to take it!

[vision-master]

Glad I [s]worked [/s]suffered all those years in Government!
$this->bbcode_second_pass_quote('', '
')What impact will the recent market upheaval have on PERA? (Sep 16, 2008)
For our retirees and other benefit recipients, the recent market upheaval will have no impact on benefits. Benefits are protected by state and federal law and by Minnesota's constitution. As for current active members, benefits promised are based on your years of public service and high-five salary, not on the current value of PERA's assets. We currently have $18 billion in assets and receive an additional $750 million in member and employer contributions every year. Thus, a short-term market correction has no direct effect on benefits, whether you are retired or getting close to retirement.

Market fluctuations, like the 500 point drop in the Dow Monday, September 15, have relatively little impact on PERA. That is because the State Board of Investment has structured our investment portfolios for the long-term growth of pensions funds, not day-to-day profit taking. SBI maintains a very diversified portfolio, so downturns in one sector of the market are not devastating for the funds. Markets, by their very nature, can be very volatile over short periods of time. But the SBI has its sights set on a time horizon that is measured in decades, not in days, weeks or months.

[AlexdeLarge]

$this->bbcode_second_pass_quote('Delphis', '')$this->bbcode_second_pass_quote('AlexdeLarge', 'N')o, the sky is not falling...but the DOW sure is! LOL

[smiley]

$this->bbcode_second_pass_quote('', 'a')nd having a discipline and not getting emotional or letting the doom crawl up your trousers is paramount!

[Specop_007]

$this->bbcode_second_pass_quote('vision-master', 'W')hat about all those millions of ppl already living on the edge? Ever think of them Mr money-bags, eh! Your so living in a dream world Dude.

[vision-master]

$this->bbcode_second_pass_quote('Specop_007', 'W')hat about them? If their living on the edge they probably dont have much excess to invest anyways so the market might as well be a pie in the sky to them. More importantly, they were living too close to the edge ANYWAYS so fi9nancial ruin was in the future regardless of economic conditions. The only question was if it was going to be economic conditions or old age that bit them in the ass. It appears they wont have to worry about hitting 70 with no savings as they will lose all their savings now. Either way they were lost.

[jbrovont]

Regarding retirement plans: in 1990, mutual funds, mostly tracking indexes, accounted for 5% of 401(k) investments. By 2000, mutual funds represented about 50% of these investments. link
$this->bbcode_second_pass_quote('', '.').. [John Bogle] testified before the Senate in November of 2003. ... He basically said ... from [1984] to 2002, when the [stock] market did [a] 12 percent [annual] return, the mutual fund industry credited 9 percent. ... The average investor [in mutual funds], according to [mutual fund data collector] DALBAR, did 2.7 percent. ...

[Specop_007]

$this->bbcode_second_pass_quote('vision-master', 'B')ut they might be armed. Think take from the rich by force. After all, what do they have to lose?

[Cid_Yama]

During the French Revolution, it wasn't the knick-knacks they wanted, it was the heads.

[Eppo]

$this->bbcode_second_pass_quote('vision-master', 'B')ut they might be armed. Think take from the rich by force. After all, what do they have to lose?

[jdmartin]

$this->bbcode_second_pass_quote('Eppo', '')$this->bbcode_second_pass_quote('vision-master', 'B')ut they might be armed. Think take from the rich by force. After all, what do they have to lose?

[MrBill]

[align=center][/align]
$this->bbcode_second_pass_quote('', 'I') said it in another thread. In the past 8 months I've more then doubled my money. Everyone else is screaming pack up and run, I say buy the fear and sell the euphoria and theres a few people who are making a lot of money doing just that. Its not for the faint of heart and its not for the passive investor.

[ReverseEngineer]

$this->bbcode_second_pass_quote('smiley', '')$this->bbcode_second_pass_quote('', 'a')nd having a discipline and not getting emotional or letting the doom crawl up your trousers is paramount!