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Unread 05-17-2011, 03:07 PM   #26 (permalink)
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Originally Posted by f3lix View Post
I just made a 100% exit from the stock market for the first time in my life.
Care to elaborate?

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You often seem to think that the lowest-hanging-fruit makes you some sort of comedy genius. You're just not a good person. You're spiteful, constantly negative, and bring others down to make yourself feel better. I just don't have room for that.
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Unread 05-17-2011, 06:44 PM   #27 (permalink)
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Care to elaborate?
Trust fund is running out.

#YOLO
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Unread 05-17-2011, 11:43 PM   #28 (permalink)
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The gov't was denied further borrowing and the U.S. debt ceiling has been reached. Our congressional reps now have to choose between running the country correctly and stop giving handouts to all those people who financed their campaigns or... let the situation get worse.

My money's on getting worse. Dow drops below $10k before the end of the year.
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Unread 05-17-2011, 11:44 PM   #29 (permalink)
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Originally Posted by f3lix View Post
Dow drops below $10k before the end of the year.
A hundo says it doesn't.
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Unread 05-18-2011, 12:06 AM   #30 (permalink)
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Originally Posted by Ugly Bastard View Post
A hundo says it doesn't.
I'll bet under $10,500 for a hundo.
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Unread 05-18-2011, 12:18 AM   #31 (permalink)
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Didn't take you long to back peddle.
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Unread 05-18-2011, 12:30 AM   #32 (permalink)
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About 23 minutes by my watch.
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Unread 05-18-2011, 04:44 AM   #33 (permalink)
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I sold everything too.

Don't believe in this market.


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Unread 05-18-2011, 04:52 AM   #34 (permalink)
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Quote:
Originally Posted by f3lix View Post
I'll bet under $10,500 for a hundo.
I'll do that for $100 and will do more if you or anybody else wants.

Terms are that the Dow never trades below 10,500 before end of 2011.

Edit: Please confirm that this is done.


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Unread 05-18-2011, 01:59 PM   #35 (permalink)
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Quote:
Originally Posted by DJ FC View Post
I'll do that for $100 and will do more if you or anybody else wants.

Terms are that the Dow never trades below 10,500 before end of 2011.

Edit: Please confirm that this is done.
BOOKED!
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Unread 05-18-2011, 02:00 PM   #36 (permalink)
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Originally Posted by Repugnant Abomination View Post
Didn't take you long to back peddle.
A fool is the only person who ridicules a hustler.
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Unread 05-18-2011, 07:07 PM   #37 (permalink)
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Seriously Repug. Stop ridiculing hustlers.
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Unread 05-18-2011, 08:21 PM   #38 (permalink)
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So I opened an ING share builder account. My foray into investing begins.
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Unread 05-19-2011, 05:13 AM   #39 (permalink)
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Quote:
Originally Posted by f3lix View Post
BOOKED!
Ok, I put that in my calendar to remind me.

Care to do more than $100 to make it interesting? December is a long way away...


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Unread 05-19-2011, 10:14 AM   #40 (permalink)
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Though the hundo will be worth far less in December, no.
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Unread 05-19-2011, 02:27 PM   #41 (permalink)
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So I opened an ING share builder account. My foray into investing begins.
I wouldn't buy any stock right now if you have:
  • Credit card debt
  • Really any kind of debt with more than ~5% interest
  • Any personal investment ideas (for example: putting a new roof on your house or buying an ice cream truck).

Invest in yourself before investing in stocks.
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Unread 05-19-2011, 03:53 PM   #42 (permalink)
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Quote:
Originally Posted by Ugly Bastard View Post
I wouldn't buy any stock right now if you have:
  • Credit card debt
  • Really any kind of debt with more than ~5% interest
  • Any personal investment ideas (for example: putting a new roof on your house or buying an ice cream truck).
And thus ends my foray into investing. Think of all the people I could have impressed by telling them I do some trading on the market. Oh well. It was an adventure while it lasted.
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Unread 05-20-2011, 02:49 AM   #43 (permalink)
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Now at least say you can say you used to play the stock market.

#YOLO
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Unread 05-20-2011, 04:16 AM   #44 (permalink)
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Quote:
Originally Posted by f3lix View Post
BOOKED!
Since nobody else wants in I will share now: the options market puts this at about 32% probability.


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Unread 05-20-2011, 04:43 AM   #45 (permalink)
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lol djfc you've been hustled and you don't even know it yet, bro!

#YOLO
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Unread 05-24-2011, 06:25 PM   #46 (permalink)
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Hmmmm..

God damnit :-(


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Unread 05-24-2011, 09:40 PM   #47 (permalink)
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How's the past few days treated you, FC? :-)
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Unread 05-25-2011, 01:39 AM   #48 (permalink)
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Not well.

Next time I'm in the office I'll check the implied probability again.


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Unread 06-02-2011, 12:04 AM   #49 (permalink)
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I've noticed FC posts a lot less when the financial markets spiral downward.

Feel free to stop drinking and post your financial market thoughts, FC.
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Unread 06-02-2011, 07:18 AM   #50 (permalink)
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I think Europe is screwed up.

I bought a bunch of puts on the Eurostoxx index.


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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