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This Time It's Different - 11/22/2008 11:47:43 AM

celticlord2112

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This Time It's Different

"Conventional wisdom" is sometimes wrong.....

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RE: This Time It's Different - 11/22/2008 11:51:20 AM

SL4V3M4YB3

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Damn with that link I'm just going around in circles.

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Memory Lane...been there done that.

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RE: This Time It's Different - 11/23/2008 4:12:27 AM

MmeGigs

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The link goes back to the main Off Topic Discussion page.

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RE: This Time It's Different - 11/23/2008 6:31:36 AM

celticlord2112

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Sorry for the mixup. This is the link I meant to post.

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RE: This Time It's Different - 11/23/2008 6:58:00 AM

pahunkboy

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CL, the market are fixed in a way that they have not been in many years.

guns and butter. everything is being "repriced".

a whole new reality is here. no more paper "assets" ...we are now in cash and carry. the idea of contractual obligations is void. all contracts are now voidable by default.

money is a contract.

trust what you can hold in your hand.

cash and carry...it has been years since I heard that term.

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RE: This Time It's Different - 11/23/2008 11:38:52 AM

Termyn8or

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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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RE: This Time It's Different - 11/23/2008 11:54:10 AM

Musicmystery

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~FR~

*sigh*

Haven't y'all figured out yet that he's fucking with you?

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RE: This Time It's Different - 11/23/2008 11:59:34 AM

celticlord2112

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Pray tell, how am I doing that?

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RE: This Time It's Different - 11/23/2008 12:03:51 PM

Musicmystery

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Please don't insult my intelligence. This thread was bad enough.

If you want to be a child and play pranks, enjoy.

I, however, will stop reading your bullshit.

In this case, "conventional wisdom" dictates that clicking on your links, in fact, clicking on your posts, is a waste of time.

And it's dead on.

< Message edited by Musicmystery -- 11/23/2008 12:34:13 PM >

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