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The sky is falling !!!

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  1. ennzo ennzo is offline

    Plymouth, MA
    United States

    Posts: 175
    Joined: May 06

    Mar 5th, 2009 (3/5/2009 12:51pm)

    I've been reading some of the post RE: the economy sucking huge camel cock lately and OBV I dont disagree. My kids 529 (college acct for those w/o young'ns) is down about 40% and is only now worth about 90% of what I put into it back in 2000 + 2001. My 401k is down about 50% from its peak. I will continue to contribute the maximum.

    while thinking of this today I called a friend from highschool that now works for Edward Jones ( basically he is a fund/stockbroker). He said there is currently 9.5 TRILLION ($9,500,000,000,000.00) in cash sitting on the sidelines that US investors will most likely all return to the market at some point in time. could it be quite a rally once we bottom?? is this just wishful thinking??

    cliffs:
    economy blows
    Im losing my balls like everyone else
    stockbroker I did bong hits with as a kid says big rally potential

    please discuss
  2. joeykukzMSU joeykukzMSU is offline

    Peoria, IL
    United States

    Posts: 2,406
    Joined: Mar 08

    Mar 5th, 2009 (3/5/2009 12:54pm) in reply to ennzo

    yes it will come back into play, a big issue is with teh collapse of all the hedge funds theres no confidence for the rich to put thier money back in play, the hedgies just arent buying equitiies right now.
  3. skisteve skisteve is offline 2008-2009 Thread Killer Champ

    French Polynesia

    Posts: 30,452
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    Mar 5th, 2009 (3/5/2009 12:55pm) in reply to ennzo

    nice brag about your friend having a job.
  4. Hateflops Hateflops is offline 7 over par. ship it!

    Posts: 7,044
    Joined: Nov 05

    Mar 5th, 2009 (3/5/2009 1:02pm) in reply to ennzo

    It won't get better.
  5. ennzo ennzo is offline

    Plymouth, MA
    United States

    Posts: 175
    Joined: May 06

    Mar 5th, 2009 (3/5/2009 1:03pm) in reply to skisteve

    yea I actually called him to see if he needed someone to hide his knives
    Thread Starter
  6. Lord Supremo Lord Supremo is offline actually a tuvalu lord (sigh)

    Tuvalu

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    Mar 5th, 2009 (3/5/2009 1:05pm) in reply to Hateflops

     
    Originally Posted by Hateflops View Post

    It won't get better.

    ever
  7. towman1 towman1 is offline

    Auburn, GA
    United States

    Posts: 15,965
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    Mar 5th, 2009 (3/5/2009 1:08pm) in reply to Lord Supremo

    nope i went outside to check and nothing is going on

    this post reminds me of my uncle

    He heard that 95% of all fatal crashes happen within one mile of your house........
    so the dumb bastard moved
  8. ud2 ud2 is offline

    Congo, The Democratic Republic of the

    Posts: 1,948
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    Mar 5th, 2009 (3/5/2009 1:12pm) in reply to towman1

    tow

    I used to not care for your posts at all, but you've really grown on me over these few years.
  9. Futon Futon is offline

    Ndola
    Zambia

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    Mar 5th, 2009 (3/5/2009 1:18pm) in reply to towman1

     
    Originally Posted by towman1 View Post

    nope i went outside to check and nothing is going on

    this post reminds me of my uncle

    He heard that 95% of all fatal crashes happen within one mile of your house........
    so the dumb bastard moved

    hahahhaha. nice one tow
  10. gosalukis83 gosalukis83 is offline

    Murphysboro, IL
    United States

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    Mar 5th, 2009 (3/5/2009 1:19pm) in reply to ennzo

    Obama should confiscate all 9.5 trillion, apply it to the national debt, and boom, surplus like Clinton.
  11. j_money24 j_money24 is offline

    Posts: 4,191
    Joined: Nov 06

    Mar 5th, 2009 (3/5/2009 1:20pm) in reply to gosalukis83

    i'm surprised he hasn't done it already
  12. El Burro El Burro is offline

    Dallas, TX
    United States

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    Mar 5th, 2009 (3/5/2009 1:26pm) in reply to j_money24

    Change takes time. He's working on it.
  13. Defndrofangels Defndrofangels is offline

    CA
    United States

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    Mar 5th, 2009 (3/5/2009 1:29pm) in reply to towman1

     
    Originally Posted by towman1 View Post

    nope i went outside to check and nothing is going on

    this post reminds me of my uncle

    He heard that 95% of all fatal crashes happen within one mile of your house........
    so the dumb bastard moved

    LOL. Awesome.
  14. MonkeyCowboy MonkeyCowboy is offline

    United States

    Posts: 6,869
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    Mar 5th, 2009 (3/5/2009 1:30pm) in reply to El Burro

     
    Originally Posted by El Burro View Post

    Change takes time. He's working on it.

  15. Mr Galt Mr Galt is offline sister-in-law's a ho

    Overland Park, KS
    United States

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    Joined: Nov 07

    Mar 5th, 2009 (3/5/2009 1:45pm) in reply to ennzo

    When your neighbor sells all his stocks and buys gold it is time to get into the market. Short gold and buy options. The new conservative congress arrives in two years.
  16. ronkend ronkend is offline

    Bosnia and Herzegovina

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    Mar 5th, 2009 (3/5/2009 1:47pm) in reply to Mr Galt

    your broker is still hitting that bong
  17. emcee21 emcee21 is offline

    Orlando, FL
    United States

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    Mar 5th, 2009 (3/5/2009 2:15pm) in reply to Mr Galt

    When your neighbor sells all his stocks and buys gold, hopefully you were already short stocks and long gold.
  18. RichardHurtz RichardHurtz is offline

    Russian Federation

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    Mar 5th, 2009 (3/5/2009 2:48pm) in reply to ennzo

     
    Originally Posted by ennzo View Post

    stockbroker I did bong hits with as a kid says big rally potential

    YES! This is the post I was waiting for. I'm jumping back in the market NOW!
  19. Luckypizza Luckypizza is offline

    Greensburg, KY
    United States

    Posts: 840
    Joined: May 05

    Mar 5th, 2009 (3/5/2009 4:03pm) in reply to RichardHurtz

    I thought this was a thread about Kentucky basketball. I don't see either one bouncing back any time soon. If I were sitting on cash I'd probably buy rental properties.
  20. LuckiernU LuckiernU is offline

    Inver Grove Heights, MN
    United States

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    Joined: Aug 05

    Mar 5th, 2009 (3/5/2009 5:16pm) in reply to Mr Galt

     
    Originally Posted by Mr Galt View Post

    When your neighbor sells all his stocks and buys gold it is time to get into the market. Short gold and buy options. The new conservative congress arrives in two years.

    This is sound advice.....but not for a while yet.
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