The market

[Arpikarhu]

bonds are looking pretty good about now

too late

[Skitchr4u]

maynard made teh funney

[kindred]

The only stocks I own are in a local winery and I only bought them because stockholders get a huge discount on cases of wine. :toast:

[AdolescentMasturbator]

Hey everyone why don't you buy stock in Enron. It's pretty low now, it has to go up.

[Keyser Soze]

<!-- w --><a class="postlink" href="http://www.WallStPulse.com">http://www.WallStPulse.com</a><!-- w -->

I have been using this service for about a year now, it was free up until recently and I have yet (knock on wood) to lose money on ANY of their picks. They are damn good.

[Kid Afrika]

I have yet (knock on wood) to lose money on ANY of their picks. They are damn good.

knock on wood all you want, you've just sealed your fate.

[Galt]

1. How did a tax refund have anything to do with an economy going down? It's basic economics. If people have more money in their pocket, they can only do two things with it: invest (which includes putting in the bank) or spend. Both things have a positive impact on the economy. Just because A happened and B followed, it doesn't mean that A causes B; that's basic logic.

2. This is a great time to buy stocks. The vast majority of stocks are highly discounted. If you're looking to make money in six months, you shouldn't be investing in the first place. Most of us here are under 30, and so for the most part you should be thinking of buying a solid company that you're going to hold for years to come.

3. The stuff that I bought the week after 9/11 (Lockheed Martin and Morgan Stanley) is up 35%. If you don't buy solid companies, no matter what conditions, you shouldn't expect any profit

4. In late '99 and early 2000, there were a so many people finally giving in and getting in the market. People who had no idea what the hell they were doing. But they saw everyone and their mother making a shit-ton on the market, and didn't want to miss out. That's why it was the perfect time to sell.

5. When everyone is buying no matter what, sell. When everyone thinks it's stupid to buy (like now) that's when you buy. I'm not saying the market is going to turn around in a week, a month, or even this year. It might still go down; it's impossible to predict, but when everyone I talk to says that I'm foolish to be buying, it's probably a good sign that the bottom is near. When everyone else is avoiding risk, that's the best time to take it.

6. If you do invest, expect realistic returns (historical yearly averages since 1930 are about 12%). If you get upset that you don't double your money every year, don't bother investing.

7. If you're say....25 and you invest $1,000 now and continue to do so every year until you are 60, you will have over $500,000. If you start at 18 instead of 25, you'll have over $1.2 million. Don't believe me? Do the math yourself.

8. Investing is nothing like gambling or the lotto, since chance has nothing to do with it.

9. If you people are that uniformed or scared about economics and investing you giant stupid-ass pussyfucks.

10. Arpi, that's how you explain something effectively



Edited By Galt on June 07 2002 at 11:43

[onehung]

I invested $2.50 in a bag of keebler chips deluxe, And am enjoying the returns right now. They have a solid company that I will invest in again.:thumbs-up:

[Keyser Soze]

Latest PULSE pick....

"Earlier this week, we gave our non-members a FREEBEE. We shorted CMLS at $21.20. It went as low as 20.30. We expect it to go lower next week."

[Arpikarhu]

1. How did a tax refund have anything to do with an economy going down? It's basic economics. If people have more money in their pocket, they can only do two things with it: invest (which includes putting in the bank) or spend. Both things have a positive impact on the economy. Just because A happened and B followed, it doesn't mean that A causes B; that's basic logic.

this is a simplistic and specious argument without merit.

When everyone is buying no matter what, sell.

ditto( and i mean my previous comment)

the rest i agree with , except point 10



Edited By Arpikarhu on June 08 2002 at 02:43

[Galt]

Arpi, all jokes aside, you are a complete fool if you say either of those arguments are without merit.

Please explain how a tax refund can cause a recession. Please explain to me what the government does with money that spurs the economy. (By the way, the recession had already started before the tax credit)

if everyone is buying irrationally, that's when you sell. That's the whole basis for telling people to buy now. No one wants to buy anything because they are being irrationally cautious. Thefore, the value of stocks are skewed. Capitalize.

[Galt]

RESPOND YOU STUPID JEW MOTHERFUCKER

[OAS]

if you people arent buying stocks right now you are insane.you will never get prices like this again.

Well seeing as Arpi made this great prediction 18 days ago, the market has dropped another 600 points. Lesson learned, Arpi sucks at teh stocks. Take no advice from him.

[Galt]

You figure someone as old as OAS would realize that stocks are for the long term. Dating back to BEFORE the Great depression, stocks have averaged a 10% return annually. And it's over 12% since 1960. Even after all the shit the last six months, I've still made money on the market (not much, but more than a bank would return)

[Maynard]

I think the point he was trying to make was they they cost on stocks is down lower than when arpi said it was the greatest deal ever.

[Arthur Dent]

Even after all the shit the last six months, I've still made money on the market (not much, but more than a bank would return)

Must be nice having real-time quotes and instantaneous transactions with no commission.

[Galt]

Must be nice having real-time quotes and instantaneous transactions with no commission.

I've bought two stocks since September 11. That's it.

[OAS]

So Galt, how much Worldcom did you own?

The latest tally shows we are 744 points below Arpi's prediction that you will never be able to buy lower than what he predicted.
Any guesses where it will actually bottom out? I'm predicting 7200. To me, that's where it seemed to settle in a few years ago before the inflated .com's and shaddy accounting practices seemed to over inflate the market.

[Galt]

A. I don't own any Worldcom. The two stocks I bought were Lockheed Martin and Morgan Stanley (profiteering on death makes me patriotic)
B. You predicting any bottom is just as stupid and baseless as Arpi saying that you'll never see it this low. If you were so damn knowledgeable about where the market was moving, why don't you short it, tough guy?
C. You should have learned in the 30s that down markets create millionaires

[OAS]

I'm well aware of the benefits of a down market. As I would assume you should know, predicting where it might bottom out is not stupid but strategic as to when to buy back into the market with a significant investment. Shorting is not an attractive option for me at the moment due to my overall portfolio performance of the past year and due to the fact that I have my daughters tuition staring me in the face. Poverty is just around the corner to the left. I prefer at this point to take 3 rights to get there.