Tivo for sale!

8824 · Posted: Jan 21, 2009 11:06 am Post subject: Tivo for sale!

did we hit bottom yet?

did you buy GE when WB did?

ge under 13 today!

gotcha!

Wakebrad · Ladies Man Joined: 11 Dec 2003 Posts: 12257 City: Dallas

I don't think we've hit bottom.

I'm not buying anything right now. Will probably wait at least 6 months to see how everything goes.

8824 · Posted: Jan 21, 2009 11:45 am Post subject:

ontrider · Ladies Man Joined: 30 Jul 2003 Posts: 16491 City: Russia

8824 · Posted: Jan 21, 2009 12:31 pm Post subject:

chavez · RIP MHL 04/25/1958 - 01/11/2006

8824, 4500 would be insanity. And no, it is actually pretty far off. That would be nearly 45% below current levels, and would represent some insane forward P/E ratios and insane price to book value numbers (some negative!). Insane may not be a strong enough word.

So, you have to balance the doomsdayers with the pie in the sky'ers. Find some middle ground and you will probably find the correct answers.

And as a sidenote, even one of the beariest (and highly publicized) bears out there, Noriel Roubini, has his retirement accounts invested primarily in equities. Why? Because historically, that is the best performing asset class over the long haul. So even though he is a doomsdayer short term, he is looking at a much longer time horizon.

8824 · Posted: Jan 21, 2009 12:46 pm Post subject:

chavez, That's good to hear, I am heavily invested in equities as well.

I guess I will keep my advisor for anther year. He moved me into equities in Sept.

You have access to all the economic forecasts, you have not heard 4500 before?

chavez · RIP MHL 04/25/1958 - 01/11/2006

8824, I have heard it all. And I take it all with a grain of salt.

This year, my buys have been on the big drops. I am also on a systematic investment plan, which amounts to a DCA (dollar cost averaging) program. I will continue to manually buy if levels drop again, and plan on keeping the DCA going perpetually.

We are young. I will take the 30+ year numbers from almost any point in history happily. Especially from a total return perspective.

8824 · Posted: Jan 21, 2009 12:55 pm Post subject:

chavez, you know that the majority of my info comes from CNBC, I don't make the news just report it!

I was pretty shocked late last year when a few peeps around here thought we hit bottom before the xmas season. You had to know those numbers were going to be brutal.

chavez · RIP MHL 04/25/1958 - 01/11/2006

8824, the market is forward looking. If a person is selling because those numbers disappointed, that person is an idiot. We knew those numbers were going to be sucktastic.

We also know that the bank numbers are going to be sucktastic. Turn the thing over and shake the suckers out. Until all the suckers are going, the bottom will not be in. Maybe this already happened - I don't know. If I did I'd be smoking a stogie with Warren Buffet on my G5.

8824 · Posted: Jan 21, 2009 1:05 pm Post subject:

chavez, Me too, for now I can only afford a G1 Sad

I love the G5! forget the malibu I want a G5 or even an A5(icon) not the audi.

8824 · Posted: Jan 21, 2009 1:25 pm Post subject:

Gold is the “only reasonable investment this year, because it protects against global currency devaluation,” he said.

ontrider · Ladies Man Joined: 30 Jul 2003 Posts: 16491 City: Russia

I'll sell you some magic beans.

chavez · RIP MHL 04/25/1958 - 01/11/2006

There are a ton of ways to hedge your money that do not necessarily involve gold. In fact, I would not recommend any one thing. We would likely recommend a strategy using multiple things (which actually may include gold at some level).

Mr. Locke may be right, he may be wrong. Short-term predictions tend to be about as good as the TP in the mens room: thin on substance so you have to be careful not to get the poo on your hands.

Better off buying Ont's magic beans.

ontrider · Ladies Man Joined: 30 Jul 2003 Posts: 16491 City: Russia

or people's real estate that the bank has taken over. Laughing

8824 · Posted: Jan 21, 2009 2:04 pm Post subject:

GOO GOO MUCK!

http://www.youtube.com/watch?v=RQQjfmKjXNU&feature=related

ontrider · Ladies Man Joined: 30 Jul 2003 Posts: 16491 City: Russia

http://www.youtube.com/watch?v=6qkWBnpnWGc&feature=related

8824 · Posted: Jan 21, 2009 2:12 pm Post subject:

ontrider, you frighten me!

Nooga678 · Posted: Jan 21, 2009 6:44 pm Post subject:

Just got my 401K statement for the last quarter of 2008. It was down 21% for the quarter and the amount in it is now less than the amount I have contributed.

tball · Wakeboarder.com Freak Joined: 24 Feb 2004 Posts: 3953

jhilly8982 · Addict Joined: 04 Oct 2006 Posts: 782 City: Northville

i pray that DJIA will not dip below 8100, already lost one guy to suicide who traded dow futures this year, do not need another

smwill214 · Posted: Jan 21, 2009 8:26 pm Post subject:

hey just curious.. what periodicals do you guys read (buiness/market wise) my subbscription to Fortune just ran out and saw an advertisement for Barrons.... just curious. what others opinions