Bad day in central illinois news

[SFP]

I had a pretty good run I suppose.

I was a little harsh on government workers but the prevailing attitude is not all positive.

[AZ BU Fan]

Take Heart!

A Bad Day In Central Illinois, is better than the Best Day in Detroit!

Or Bloomington-Normal

AND, way way way better than the Best Day almost anywhere in Africa


Have to enjoy what you have and not what you lost!

[BU RICK]

The credit and stock markets have been setting up nearly exactly like they did just before 9/15/08. There is significantly more downside risk than upside potential at the present time and it may pay to have some significant money in cash since I think we may see a great short-term buying opportunity in the near future.

Let us know when...you make the call
try to pick the bottom

this is how Europe closed today 9-5...

http://finance.yahoo.com/intlindices?e=europe

this is where the futures are now 9-5

http://finance.yahoo.com/indices?e=futures

there are news items on those pages too
the links will look different tomorrow, the futures
will look different this evening when they start trading
in Asia. Asia and Europe will trade again before our
markets open tomorrow, so the link will look
different 9-6.

[Braves4Life]

Let us know when...you make the call
try to pick the bottom

One thing that I CAN guarantee Rick is that I can NOT pick the bottom. I'll probably watch how this thing plays out over the next week or so and, if the world doesn't come apart at the seams, I'll begin to DCA back in until I see confirmation of an upward trend. I DO think we may see one more leg up of 10-30% before the wheels completely fall off next summer.

I'm of the opinion that we will see a declining stock market similar to Japan (our demographics are similar to what theirs were in 1987) that lasts until around 2025 (and YES, that means a Depression). Now, that doesn't mean you can't make money in the market. It just means you'll have to take a more active and educated role in your personal investing process. For those in their 20's and 30's who are able to save a lot (in equities and commodities) over the next 15 years they will probably be very pleased with the result once they reach retirement age (just like those who saved during the 70's and 80's).

There...... That's my free advice for Bradleyfans. Always remember, you get what you pay for.

[BU RICK]

B4L...

I'm keeping the IRA in cash until it really looks positive and that could be for some time.

We followed the Japanese model interest rate wise but we have a different population and growth potential, I think we'll be better sooner with no depression.

As far as taking an active roll, I agree very much
That metal rectangle sitting on the floor next to everyone has a couple hundred billion dollars running through it hourly. I've got a small trading account and I keep it simple. I play a 2X short foreign ETF and when I go long for a few days I play one of a couple, higher than normal beta, lower priced S&P stocks that trade large volume never all in so I can do a quick dollar cost. That's my scheme... It's been working but it takes an emotional feel from following the market for some time. And I have no problem making the click. 62% since April, and I'm on the right side of this current swing, in that short ETF. It can be done.

And I agree, now is the time to start an IRA...even if the market goes down you're not going to lose much but you'll start saving. In a managed IRA, not an index.

[Braves4Life]

We followed the Japanese model interest rate wise but we have a different population and growth potential, I think we'll be better sooner with no depression.

We have a slightly different population than Japan but it is similar in the age group that spends to fuel an increasing stock market. Read this -- http://www.advisorperspectives.com/d...oomer-Drag.php

Here are a few more good articles that corroborate my view of America's future for the next 10-15 years. I really hope these are proven wrong! And, I'm always interested in your opinion. Please, convince me that these are wrong:

http://blogs.wsj.com/economics/2011/08/22/sf-fed-warns-baby-boomers-may-wound-stock-market/

http://finance.townhall.com/columnists/mikeshedlock/2011/08/24/another_lost_decade_coming_up/page/full/

http://globaleconomicanalysis.blogspot.com/2011/02/negative-annualized-stock-market.html

http://www.thegreatbustahead.com/pi_article_feb2004.pdf

[BUFanatic]

again...name a JOBS PLAN that Speaker Boehner has proposed while Speaker? not a budget plan or a tax cut plan...

It isn't the Speaker's responsibility to sponsor and author ever piece of important legislation. I would rather it comes from the House itself. If it comes from the Speaker, it is a decree that is expected to pass because there are a bunch of Yes Men in control of the House (hem hem Speaker Pelosi hem hem) That's not how democracy works in MY country anyway.

[BU RICK]

Please, convince me that these are wrong:........

I was more of the go to the game and College Inn, I never was on any debate team...so I'm not going to try and convince you of anything unless it has to do with sports which I think we agree on. I'm more of a listener than a reader, so I listen to the talking heads argue and then make up my own mind. I was just asking you to "try to pick the bottom". I'll try to do it when things look better.

[Braves4Life]

.... "try to pick the bottom". I'll try to do it when things look better.

Keep me posted when you do Rick. You're a smart guy.

[BU RICK]

Keep me posted when you do Rick. You're a smart guy.

Geez, now I'm embarrassed...but I guess when someone compliments you, you have to say thank you...so thanks B4L I wasn't a very good student, all I wanted to do was be outside and play/exercise in any kind of weather. But I did like numbers and science fiction so I was good a picking the right funds which wasn't hard to do before 2000, tech anyone. Gee...pick an airline fund before Thanksgiving and hold it until after the first of the year, that might not work this year...what. But now I've gotten to be good at sensing the markets movement, but that's not really that hard to do either...we'll see. Thanks again

Edit: if you like following the markets, check this guy out in the AM, his report is usually up around 7-7:30 CDT

http://t3live.com/

[Beninator]

B4L...

I'm keeping the IRA in cash until it really looks positive and that could be for some time.

We followed the Japanese model interest rate wise but we have a different population and growth potential, I think we'll be better sooner with no depression.

As far as taking an active roll, I agree very much
That metal rectangle sitting on the floor next to everyone has a couple hundred billion dollars running through it hourly. I've got a small trading account and I keep it simple. I play a 2X short foreign ETF and when I go long for a few days I play one of a couple, higher than normal beta, lower priced S&P stocks that trade large volume never all in so I can do a quick dollar cost. That's my scheme... It's been working but it takes an emotional feel from following the market for some time. And I have no problem making the click. 62% since April, and I'm on the right side of this current swing, in that short ETF. It can be done.

And I agree, now is the time to start an IRA...even if the market goes down you're not going to lose much but you'll start saving. In a managed IRA, not an index.

Interesting plan. I very much agree with the shorting of foreign ETF's. (haven't done that but agree with the trade)

[Beninator]

It isn't the Speaker's responsibility to sponsor and author ever piece of important legislation. I would rather it comes from the House itself. If it comes from the Speaker, it is a decree that is expected to pass because there are a bunch of Yes Men in control of the House (hem hem Speaker Pelosi hem hem) That's not how democracy works in MY country anyway.

The Republican congressional candidates ran on the premise that jobs were their number one priority. However, when they got to office, they forgot their "promise". Both parties make promises that they do not honor, but the inaction from this campaign promise is very glaring and it doesn't matter which country you are from.

[BU RICK]

Interesting plan. I very much agree with the shorting of foreign ETF's. (haven't done that but agree with the trade)

You don't have to short an ETF, you buy an ETF that is short
here's one place you can find them

http://www.proshares.com/#

be careful with those 2x funds, large price swings
plus those foreign markets have been down pretty good already
you'd be getting in late to the party, doesn't mean they still won't go down

[amckillip]

This is absolutely hilarious. There is so much misinformation going on here I might as well be watching Fox News. What Obama Stimulus Package are you talking about???

The Housing Recovery Act?

http://en.wikipedia.org/wiki/Housing_and_Economic_Recovery_Act_of_2008

TARP?

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

The general 'bailout'?

http://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008

ALL signed by... George W. Bush. Some people believe anything that comes out of Glen Becks mouth.


All Obama did was REDUCE the bailout

http://en.wikipedia.org/wiki/Obama_financial_regulatory_reform_plan_of_2009

I'm by no means a fan of the current situation, congress, or administration. But people trying to blame this on Obama just crack me up. Try thinking for yourself and not regurgitating a talking head.

What a joke.

[Beninator]

You don't have to short an ETF, you buy an ETF that is short
here's one place you can find them

http://www.proshares.com/#

be careful with those 2x funds, large price swings
plus those foreign markets have been down pretty good already
you'd be getting in late to the party, doesn't mean they still won't go down

Thanks! I would have to do a lot of research before I did anything like this!