Time to get out

Discussion in 'Economy' started by Charles_Main, Aug 26, 2010.

  1. Charles_Main
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    Charles_Main AR15 Owner

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    If you have not pulled any and all money out of anything tied to the market yet. You better do so now.

    I predict DOW 6000 with in 2 months.
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Im guessing it will be 5000.
     
  3. Charles_Main
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    Charles_Main AR15 Owner

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    Could be. The piper must be paid. You can not spend and tax like Obama is, and expand Government control like his is, and not expect the Market to react poorly to it.
     
  4. elvis
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    elvis BANNED Supporting Member

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    may I ask what you do for a living?
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    Currently I am living on my savings and taking care of the kids while the wife works, because there is NO work in this town for me. Unless that is I want to make 7 Bucks an hour at some fast food joint.

    However I do have investments and savings.

    And I advise you all to get out of the market unless you want your ass handed to you.

    The signs are on the wall. The big money players are already getting out and moving to bonds.

    Ole G Soros's Investment group had like 26 Billion invested in the market 2 months ago and now they have moved all but 1.3 Billion to Mainly Bonds.

    You don't have to trust me if you don't want. But you will regret it.
     
  6. martybegan
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    martybegan Gold Member

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    Any investing I do is in my 401k. Under 40 so a dip in the market makes shares cheaper, so at least I dont have to worry. People over 50 though, ugh.

    Also just took out a 401k loan to pay off some debts, so if the market goes down, I buy em back cheaper.
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    Don't let the up day today fool you, the collapse is coming.
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    When the Dow hit 14k I called my broker and moved half my IRA holdings from mutual funds to a CD. He thought I was kooky but it's my money. Anyhow I bought back in close to the bottom.

    Yeah what the hell, may as well do it again.
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    6000 is probably a more realistic value of the companies.
    But the actual values of the companies has had only marginal relationship to what the prices are.
    The buyers and sellers are the tail that wags the dog...and have been doing so for 30 years.
    Thus earlier this year we topped 11,000 - which is nothing but pie in the sky.
     
  10. william the wie
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    william the wie Gold Member

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    That depends on how much of that was flight capital from Europe and the Far East. We are headed for sovereign defaults overseas and possible some states.
     

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