Wow...tomorrow's really going to suck when I walk into work.

[Beaverscratch]

Sounds like someone that has no clue. Who are you anyway?

Hi my name is Beaverscratch, nice to meet you Grump. If youhave any specific questions as to who I am, I will be glad to answer.

Why do you say someone has no clue? Is that someone you are referring to me? I am an advisor. I believe that someone young as mid 30's should be 100% equities, that is if they have the stomach for it. Im a big fan of Jeremy Siegel, Nick Murray, I follow thier work. I believe in long term equities. I coach my clients to expect horrible years, great years, flat years, so they know what to expect coming in.

I dont believe in this, take your age...subtract it from 100 and that equals what your stock/bond allocation should be.

Grump...Perhaps on the post that you quoted me on, I shouldve explained a little deeper. I was saying the kid is buying in to what I believe pretty low. I dont believe we are going to go much lower except for temporary, quick short, volitile dips, following by little sucker rallies...then not far from now...Maybe a few months down the road we will see a nice REAL rally into a bull market. IF I am wrong, and the young investor is wrong....well he has time to make his money back because time is on his side. I hope that makes more sense.

 

[ceo]

Please forgive my ignorance..What is the CFA? a CFP for someone who cant make the newly mandated CFP Bachelor Degree requirements?

You sell any annuities? What do you think of the living benefits, GMIBs, GWB's and such?

Where did you get the "13 months" of bear? Oct was the highest of highs, that would make it approx 11 months deep would it not?

CFA>CFP (x10)

 

[Spartacus]

you have your health

 

[75th]

Please forgive my ignorance..What is the CFA? a CFP for someone who cant make the newly mandated CFP Bachelor Degree requirements?

You sell any annuities? What do you think of the living benefits, GMIBs, GWB's and such?

Where did you get the "13 months" of bear? Oct was the highest of highs, that would make it approx 11 months deep would it not?

My bad for the typo, I meant 11 months.

CFA = Chartered Financial Analyst.

Last round only 20% of those who took it passed. Ill probably fail, too.

 

[needtogetarmy]

There is always money to be made in the market. Ever hear of shorting? @ $5 a point for YM's a 300 point drop is some nice change. Multiply that by 60 contracts too.

 

[goin on 4T]

Grump...Perhaps on the post that you quoted me on, I shouldve explained a little deeper. I was saying the kid is buying in to what I believe pretty low. I dont believe we are going to go much lower except for temporary, quick short, volitile dips, following by little sucker rallies...then not far from now...Maybe a few months down the road we will see a nice REAL rally into a bull market. IF I am wrong, and the young investor is wrong....well he has time to make his money back because time is on his side. I hope that makes more sense.

Yep that is the way I see it too!
The funny thing about the DOW is they throw out the loosers, add in what they think will be winners and wham the DOW always seems to come back!

 

[jnevin]

 

[75th]

LOL

Gets me every time.

 

[Creepusmaximus]

Average bear market lasts 16-18 months. Were in month 13. Its not going to last forever.

This is a speial case. The US has never had this deep of a housing recession(depression), to much cheap money led to way to much speculation. What's different is the amount of foreclosures and they will screw up the housing market for a long time to come. On top of that you have all those home loans leveraged higher than they ever have been. That part will work out probably by the end of this year but the foreclosures aren't going anywhere.