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Termyn8or -> RE: This Time It's Different (11/23/2008 11:38:52 AM)
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Agreed indeed, this time it is different. Problem now is that if people realize that diversification doesn't work anymore, many are going to pull yet more money out of investments driving values even lower. At this point we may even be talking about companies that are doing well. If liquidity becomes popular, the market is headed for even deeper trouble.
I am so glad I don't play that game. My moves, we'll I would have shorted the crap out of GM stock to my limit. At this point about a month or so ago I would have put in for a buy, which would probably have taken millseconds :-) I would have my boodle and no more payments. Yes when you short stock you must make payments. At the end of it all I know I would not have become a millionaire overnight, but I would've done alright. You can make money shorting, but when you get your bundle of cash, don't forget that you paid all those dividends and in dollars that were worth more than they are today. Add that all up and it's nothing more than an enhanced savings account, with risk. By the time all the fees are counted up, the broker may have made quite a bit of my money as well. So like I said, I am glad I don't play that game.
T
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