Forum
So now that we're AA+...
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montecarlo wrote
at 9:26 PM, Friday August 5, 2011 EDT
Should I liquidate all our stocks and buy gold?
Can't believe I'm actually half serious. I just don't want to go through another cycle of losing half our savings again (bad enough we bought a house in 2005 lol). |
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moondust wrote
at 11:34 AM, Sunday August 7, 2011 EDT My advice: liquidate some of your stocks and keep the money for a while, then buy again when you think the shitstorm is over (I don't think the sell off will last that much longer...). August and September are bad months for stocks anyway...
Tomorrow, I will sell a few of my stocks depending on the loss everyone is expecting. Of course, it's disappointing to only have +20% in your bag when it could have been +40% a week ago... but well... as long as it's a plus... |
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deadcode wrote
at 12:34 PM, Sunday August 7, 2011 EDT Ty chainblade.
Sorry jp but I'm not going to argue with you. I'm happy and have nothing to prove to you. |
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I_Hate_RND wrote
at 1:01 PM, Sunday August 7, 2011 EDT Who shoved a stick up jps ass? I used to like him :(
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deadcode wrote
at 5:04 PM, Sunday August 7, 2011 EDT Don't mind him; he's just bitter.
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deadcode wrote
at 9:21 AM, Monday August 8, 2011 EDT Sorry to ruin Vermont's happy day but Moody's is threatening a downgrade; and S&P will not rule out an additional downgrade.
Greenspan: "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" (http://www.cnbc.com/id/44051683) That is exactly what I said would happen. Inflate out of debt; stick it to the chinese / world; rampant inflation. Dow down another 150 this morning. Volume is still high so move may continue; but threat of money printing may stabilize it; who knows. Gold is off to the moon. |
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deadcode wrote
at 9:22 AM, Monday August 8, 2011 EDT China is pissed (http://www.cnbc.com/id/44050325)
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Louis Cypher wrote
at 10:30 AM, Monday August 8, 2011 EDT Well jp, that might be one of many definitions of intelligence. There is non, that all have agreed upon. So a person that claims ultimo ratio is again - stupid. This sadly includes me, as I made the same mistake.
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Tourney Champ wrote
at 10:53 AM, Monday August 8, 2011 EDT US ratings downgrades are irrelevant. anyone with a brain could have told you this was going to happen last November.
once the EBC rolls out its massive buy of spanish and italian bonds watch the market RIP upward. if your arent buying appl, f, xom, nflx right now then you are a stooge. sell your house and live in the park with your gold coins!!! |
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Cal Ripken wrote
at 11:45 AM, Monday August 8, 2011 EDT JUST SO THERE'S NO CONFUSION, THE OTHER JP AINT ME
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deadcode wrote
at 12:04 PM, Monday August 8, 2011 EDT I'm terrible at market timing; I usually just assume I'll miss the start of the move and I'll wait till volume confirms the reversal.
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