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Ugly Bastard · 03-09-2009, 08:56 PM

Buffet's right about inflation but wrong about the market recovering (he was calling "buy" at Dow 10k). This market isn't recovering. There might be some short rebound that serves as a good point to dump whatever stock you have left, but the 2-4 year picture is very gloomy. I think if the market is break-even two years from now relative to where it closed today, that's a significant achievement.

DDTempest · 03-09-2009, 09:56 PM

Quote:

Originally Posted by Ugly Bastard

Buffet's right about inflation but wrong about the market recovering (he was calling "buy" at Dow 10k). This market isn't recovering. There might be some short rebound that serves as a good point to dump whatever stock you have left, but the 2-4 year picture is very gloomy. I think if the market is break-even two years from now relative to where it closed today, that's a significant achievement.

So how low do you think it can go? If it goes much lower it is going to fall into global wealth consolidation conspiracy range.

Ugly Bastard · 03-09-2009, 11:02 PM

I think we can see a 4 in front of the DOW.

I'd like to hear more about that conspiracy you mentioned.

SittinOnDubsWGW · 03-09-2009, 11:17 PM

Quote:

Originally Posted by Ugly Bastard

I'd like to hear more about that conspiracy you mentioned.

This.

THEINCREDIBLEdork · 03-10-2009, 12:52 AM

on the bright side stem cell research is no longer restricted

maybe we've seen the bubble of Reaganomics pop and its time to give Niggernomics a chance.

DDTempest · 03-10-2009, 01:21 AM

Quote:

Originally Posted by Ugly Bastard

I'd like to hear more about that conspiracy you mentioned.

Ok so bank #1 essentially owns a million foreclosed homes. They fail. Bank #2 buys them up for pennies on the dollar. Bank #2 fails. Repeat a few times and one or two banks own an insane amount of wealth. Keep in mind that money isn't wealth, its a constantly fluctuating representation of wealth.

So a couple banks own half the homes in the country. They use large amounts of cash to buy up even larger portions of a number of key industrial leaders because their stocks have fallen to unbelievably low levels, many much lower than a company's collective wealth is worth.

Wait for economy to right itself, guess who owns half of the world?

DJ FC · 03-10-2009, 01:57 AM

Quote:

Originally Posted by Ugly Bastard

Buffet's right about inflation but wrong about the market recovering (he was calling "buy" at Dow 10k). This market isn't recovering. There might be some short rebound that serves as a good point to dump whatever stock you have left, but the 2-4 year picture is very gloomy. I think if the market is break-even two years from now relative to where it closed today, that's a significant achievement.

When buffet buys he doesn't buy needing to sell immediately. He buys and holds. For a long time. Buying stocks might still have been a good move. He invests based on fundamentals. The only problem is he might not live long enough to be vindicated with this last move. But if he does, once again he will come out on top.

Ugly Bastard · 03-10-2009, 02:23 AM

Quote:

Originally Posted by George W. Bush

Buying stocks might still have been a good move.

Uhh... no it wasn't. He could have waited two months and gotten it for so much cheaper.

DJ FC · 03-10-2009, 04:07 AM

Buffet doesn't trade flow. He invests.

Ugly Bastard · 03-10-2009, 12:38 PM

[ ] You showed me!

f3lix · 03-10-2009, 05:02 PM

Quote:

Originally Posted by THEINCREDIBLEdork

on the bright side stem cell research is no longer restricted

When was it ever actually restricted?

THEINCREDIBLEdork · 03-10-2009, 05:36 PM

since before monday

TwoBlackEyes · 03-10-2009, 05:55 PM

To be fair, it was only embryonic stem cell research that was restricted.

But yes, it's a huge statement from the Obama administration that scientific progress is once again more important than religious idiocy.

THEINCREDIBLEdork · 03-10-2009, 06:28 PM

Quote:

Originally Posted by TwoBlackEyes

To be fair, it was only embryonic stem cell research that was restricted.

which is the area that has the most potential

TwoBlackEyes · 03-10-2009, 07:21 PM

Quote:

Originally Posted by THEINCREDIBLEdork

which is the area that has the most potential

But it's the eeeeeeeevil area

Ugly Bastard · 03-10-2009, 08:46 PM

Another scenario is that prices have bottomed already, but that inflation will get out of control making the relative value of a flat market negative. So like, if market is naturally going to go down 10%, but we have 10% inflation, stocks will just stay flat. It will seem like things have stabilized while in reality they're continuously getting worse.

Ugly Bastard · 03-10-2009, 10:35 PM

Holy fuck I am so hard right now.

Chuck Norris wants to run for President of Texas and lead a movement to secede!

Dent · 03-10-2009, 11:17 PM

Quote:

Originally Posted by Ugly Bastard

Holy fuck I am so hard right now.

Chuck Norris wants to run for President of Texas and lead a movement to secede!

I hope it's not another Christopher Walken.

Also that cuban thing in the original thread, pretty sure the cuban life expectancy is a lot higher than your/ours.
Capitalism has failed, now socialism is trying to prop it up.

Haven't researched this at all.

THEINCREDIBLEdork · 03-11-2009, 06:18 AM

I wonder how they rate democracy and freedom of the press, among other things.

DJ FC · 03-11-2009, 06:43 AM

So subjective. Sweden and The Netherlands are both monarchies.

f3lix · 03-11-2009, 08:42 AM

Quote:

Originally Posted by Ugly Bastard

Holy fuck I am so hard right now.

Chuck Norris wants to run for President of Texas and lead a movement to secede!

I'm all for it.

DDTempest · 03-11-2009, 08:06 PM

Quote:

Originally Posted by Ugly Bastard

Holy fuck I am so hard right now.

Chuck Norris wants to run for President of Texas and lead a movement to secede!

Steers and queers...

Ugly Bastard · 03-12-2009, 03:23 PM

Adios US tax revenue: RPT-FEATURE-Corporate oil booms in low-tax Switzerland | Industries | Energy | Reuters

When you bite the hand that feeds you, it stops feeding you. A lesson most children know yet Obama and Pelosi do not.

Beebs · 03-12-2009, 08:25 PM

Hard, make that impossible, to take any graph that suggest the quality of Costa Rican health care is anywhere near the level as in the US, let alone better.

Dent · 03-12-2009, 08:51 PM

Quote:

Originally Posted by Beebs

Hard, make that impossible, to take any graph that suggest the quality of Costa Rican health care is anywhere near the level as in the US, let alone better.

COCORI Medicine In Costa Rica
Health Care in Costa Rica

Why Costa Rica | Realty Executives Jaco

According to the World Bank, Costa Rica has the highest life expectancy at birth within Latin America. With 78.7 years of life expectancy at birth, Costa Rica’s rate equals that of Canada and beats the US’s life expectancy by one year

Costa Rica Healthcare

The good news is the Costa Rica’s health care is much better than in the United States by just about any measurement we could find. The World Health Organization, infant survivability rates, overall life expectancy and every other measurement shows Costa Rica to be a much healthier place to live than the United States. You’ll have to look up the statistics if you want to compare to another country.

I don't have it in graph form, nor have I looked it up thoroughly (the WHO site is a pain)

03-10-2009, 12:52 AM	#55 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,350 Internets: 290966	on the bright side stem cell research is no longer restricted maybe we've seen the bubble of Reaganomics pop and its time to give Niggernomics a chance.
	#YOLO

03-10-2009, 04:07 AM	#59 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 253094	Buffet doesn't trade flow. He invests.
	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.

03-10-2009, 05:36 PM	#62 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,350 Internets: 290966	since before monday
	#YOLO

03-10-2009, 05:55 PM	#63 (permalink)
TwoBlackEyes Been told twice Join Date: Jan 2009 Posts: 312 Internets: 1299	To be fair, it was only embryonic stem cell research that was restricted. But yes, it's a huge statement from the Obama administration that scientific progress is once again more important than religious idiocy.
	Last edited by TwoBlackEyes; 03-10-2009 at 05:56 PM.

03-11-2009, 06:18 AM	#69 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,350 Internets: 290966	I wonder how they rate democracy and freedom of the press, among other things.
	#YOLO

03-09-2009, 08:56 PM	#51 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	Buffet's right about inflation but wrong about the market recovering (he was calling "buy" at Dow 10k). This market isn't recovering. There might be some short rebound that serves as a good point to dump whatever stock you have left, but the 2-4 year picture is very gloomy. I think if the market is break-even two years from now relative to where it closed today, that's a significant achievement.

03-09-2009, 11:02 PM	#53 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	I think we can see a 4 in front of the DOW. I'd like to hear more about that conspiracy you mentioned.

03-10-2009, 12:38 PM	#60 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	[ ] You showed me!

03-10-2009, 08:46 PM	#66 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	Another scenario is that prices have bottomed already, but that inflation will get out of control making the relative value of a flat market negative. So like, if market is naturally going to go down 10%, but we have 10% inflation, stocks will just stay flat. It will seem like things have stabilized while in reality they're continuously getting worse.

03-10-2009, 10:35 PM	#67 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	Holy fuck I am so hard right now. Chuck Norris wants to run for President of Texas and lead a movement to secede!

03-11-2009, 06:43 AM	#70 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 253094	So subjective. Sweden and The Netherlands are both monarchies.
	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.

03-12-2009, 03:23 PM	#73 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	Adios US tax revenue: RPT-FEATURE-Corporate oil booms in low-tax Switzerland \| Industries \| Energy \| Reuters When you bite the hand that feeds you, it stops feeding you. A lesson most children know yet Obama and Pelosi do not.

03-12-2009, 08:25 PM	#74 (permalink)
Beebs Poor Sport Join Date: Feb 2004 Location: Indianapolis / Middlebury / Long Lake Posts: 5,306 Internets: 127341	Hard, make that impossible, to take any graph that suggest the quality of Costa Rican health care is anywhere near the level as in the US, let alone better.