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#1
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Stock market
Yowch. Interesting week.
If we get blamed for inflating an emerging-market bubble, lots of people will be very unhappy with us. |
#2
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Hmm
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#3
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We?
__________________
- Brian 1989 500SEL Euro 1966 250SE Cabriolet 1958 BMW Isetta 600 |
#4
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Time to shake out the tree........over and over and over......
__________________
Mike Murrell 1991 300-SEL - Model 126 M103 - SOHC "Fräulein" |
#5
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The US. The band of yowling arsehats at the Fed. Developed countries. Whoever.
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#6
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I don't care much of what they think; they don't seem to care about us much either. Market correction again? Great. Anyone caught this time without a chair to sit in when the music stops hadn't learned anything from the last correction. These things help weed out the idiots.
__________________
- Brian 1989 500SEL Euro 1966 250SE Cabriolet 1958 BMW Isetta 600 |
#7
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Quote:
A book I read said that the inexperienced "idiots" are the ones that help make Money for someone. So the Minnows serve their purpose be feeding the Big Fish. On the other hand what percentage of the stuff that is valued is really backed by nothing or nothing much?
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84 300D, 82 Volvo 244Gl Diesel |
#8
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We keep some stocks and have not a clue what the market will do. Perhaps twenty five percent of our reserves. On the other hand a sheep shearing seems due. I see so many things as semi synthetic in nature now so who can really know? How controlled is the current stock market anyways?
I read an article this week that inflation is currently below what the Canadian government desires. Has it arrived at a point that the average guys situation is of no real consequence or concern to them anymore? There probably are at least ten percent of the population that could not easily survive a real bout of inflation with fairly static wages in comparison at the same time.The governments even seem concerned that some deflation might occur. While all this BS is made into news. The reality is almost every necessity of life has been noticeably rising in price for quite some time now for us. At the same time governments on both sides of the border in north America try to claim it is generally otherwise. The wife and myself do not live that much if any differently than we did five years ago. At the same time we spend a lot more dollars doing so in comparison to five years ago. To me when you try to rationalize it all it just does not add up properly. Last edited by barry12345; 01-25-2014 at 03:03 AM. |
#9
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Welp, NASDAQ down another -40 points as I write this. FUN TIMES!
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#10
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some say "buying opportunity"
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#11
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No disagreement with this sentiment. Glad I don't own TWTR or any other soon-to-be victims of dot.bomb 2.0. TWTR: -9%.
Personally, I hope that the bad sentiment spreads to the property market and creates some buying opps there. Last edited by spdrun; 01-27-2014 at 12:11 PM. |
#12
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FYI the talking heads have been calling for a correction and looking for one for the past few weeks. The only question was what would trigger it and when, well China answered that...
Great buying opportunity. The real estate market reacts differently and slower, its currently in full bloom. Which is driving me nuts because finding good deals is getting more challenging and expensive. Right now me and every other investor out their are chasing a quickly shrinking pool of foreclosures on one end of the market. On the other I'm facing pressure from fair weather builders getting brave again and overpaying for dirt. Its like spring, everyone has had 5-6 years to lick their wounds and save up money. The only positive side is material costs are steady since the hurricane season was light, and prices have increased and are trending up. Slowly up, but up. Also financing on the investment side is still tight, more so now thanks to Frank Dodd so the new guys are having a devil of a time getting their legs and competing. But that will change, I predict soon as well.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#13
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It's funny that there doesn't exactly seem to be a shortage of foreclosed properties in NJ. Neither those being marketed by Fannie Mae nor at the sheriff's auctions. We can thank:
(1) The court system for dragging out the process for 2-3 years (2) Chris Christie for vetoing most legislation designed to prevent foreclosures or turn them into "affordable housing" for "section 8 skells" (3) Hurricane Sandy and the associated forebearances for gumming up the works further Here's hoping for a 20% stock correction. If some people interested in investing in property blow out their margin accounts, should be a bit harder for them to acquire properties for a while. Here's ALSO hoping for a continuation of the "Arctic Vortex" for another month and a half. Should keep the soccer mommies and their spooge donors inside and not looking for homes. Last edited by spdrun; 01-27-2014 at 10:35 PM. |
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