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Hell, God probably laughs at Bush.
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God probably wants to know why you call yourself a Republican :zz: .. when you actually make Dem's look conservative compared to you... |
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Bush Jr. handed the party over to the theocratic religious nutjob portion of the party. It's in my best capitalistic, individualistic, small-business-owning Republican self-interest to help make them go away, forever, and get the GOP back. |
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I'm retiring from the politics section. This is my last post. I reserve the right to un-retire at any time. |
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Broad index closes at 1026
Highest level so far this year Runnin' with the bulls :cool: |
Can you believe that clueless nitwit Hannity bailed at Dow 8200? LMAO
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http://whitehouse.blogs.foxnews.com/...om-7-trillion/ |
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What does that say about Fox news and the people who read/watch it?:p |
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SC - 31 OSU - 17 :cool: |
We are headed for a major correction; possibly another crash. True, the market was extremely oversold in early March. The most oversold relative to the 200 DMA and 50 DMA that I have ever seen. But we've rallied 50% since then. So what has happened?
Analysts had cut their estimates too much. Companies cut costs significantly and most were able to beat earnings. But they were basically jumping over a bar one inch off the ground. Cost cutting will work for a quarter, maybe even two but that's it. At some point, revenues have to grow. Revenue numbers have been poor for most of these so-called earnings beats. Unemployment is near 10%, based on government numbers but those numbers don't count people who no longer can file claims. The realistic number is closer to 17%. The consumer is also getting older, and getting past their biggest spending days. This obviously will hurt corporate growth in years to come. Look at what happened to Japan in the 90s. Hopefully that won't be us. Many people also forget that after 1929, there were some huge market rallies in the 1930s, but they all ended up giving back their gains. The market must be traded......buy and hold is dead forever. |
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Be interesting to see what you boys will be saying when that broad index is trading 100 or 150 points higher next year...
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Good call regarding Bernanke, BO...
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Barnike? Barnike? He still owes me money!
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http://www.huffingtonpost.com/2008/0..._n_114026.html |
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By the way, don't worry about me ... we're doin' just fine with the finances. And, unlike gabby Hannity, I had the fortitude and perseverance to earn an engineering degree from a GREAT western institution of higher learning. :cool: |
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God bless him ... where else can a guy make millions for sitting around chatting with overfed housewives from Tuscaloosa? lol |
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Like picking SC over OSU :cool: |
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Haven't been losing any sleep, Cannon
Have confidence in both kids Pete will make the right call in the coming days... |
Was just browsing through marketwatch.com checking quotes. Anyone been watching AIG? Closed at $48 and change after hours. 52 week low back in early March was around $6.60 and was around $12 or so at the start of this month.
Me thinks Smooth Operator probably bagged a few thousand shares back in June... |
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Sorry to disappoint, GPK
I'll have to be content with the tens of thousands of dollars that I've made in my little ole S&P 500 index fund year-to-date. :cool: |
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EDIT Sorry JJP. I didnt realize they reverse split 1:20. |
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Not if you had the balls to buy a boatload of shares in early March when people were in a full-blown panic, Jim.
+47% on those shares No fear :cool: |
Well, the Fed chair seems to think that the Great Bush-Cheney-Cox-Paulson-GOP Recession is history.
Of course, he didn't have to remind Wall Street of this as that market has been on a tear since March. At any rate, happy to report that the portfolio is now up over 22% year-to-date Slightly increased my position in a low-cost international index fund about a month ago. Thing has been performing even better than my domestic funds ... and we all know how they've been doing lately. :cool: |
Get that rally cap on, Cannon :D :$:
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