• Please be sure to read the rules and adhere to them. Some banned members have complained that they are not spammers. But they spammed us. Some even tried to redirect our members to other forums. Duh. Be smart. Read the rules and adhere to them and we will all get along just fine. Cheers. :beer: Link to the rules: https://www.forumsforums.com/threads/forum-rules-info.2974/

The market is down 8% ...

300 H and H said:
Hard to argue that..

As of now I am no longer shorting the S&P. Your right it does have a high cost. But as Fred points out it is also a form of insurance, in case the house really does burn down..:doh::ermm:

But say $10,000 of SKF in 2008 A.D. before that big correction, protecting say $250,000 in pre crash value, would have paid off handsomely. For those of us who think that the market is in fact a Casino, with no real correlation to the economy it is just another bet on the table, to be put on and taken off as your "gut" tells you when the market is at all time highs. It never stays there long.....

You don't have to keep it around for long. Just for those times when you are getting real nervous about the market, short term. I should have bought some the week before the down term, or sold out my positions, as my guts were telling me loudly to do.. But on vacation it is hard to do so realistically, and not ruin a good time with family. I am young enough, with lots of other assets to help me in retirement, and with S.S. the retirement fund is more for "wants" than "needs" for me..


And I have the time for the market to turn around to..

Regards, Kirk
Click to expand...

I subscribe more to time in the market, versus timing the market. Still, SKF did have its time. Here's its chart since 2007:
 

Attachments

  • skf.jpg
    skf.jpg
    48.4 KB · Views: 133
And when the market finally catches up with the real value of the dollar, I expect to be climbing the mountain.

Thanks for the reminder.C'mon 4000. ~3950 bucks per issue.
I'll buy the Huracan I've been lusting after.
 
waybomb said:
And when the market finally catches up with the real value of the dollar, I expect to be climbing the mountain.

Thanks for the reminder.C'mon 4000. ~3950 bucks per issue.
I'll buy the Huracan I've been lusting after.
Click to expand...

Good luck!:smile:
 
waybomb said:
And when the market finally catches up with the real value of the dollar, I expect to be climbing the mountain.

.
Click to expand...

Fred I wonder if you are correct. We know about the dollar, but my bet is the other currancies and their "real value" is not any better, and may be worse than our Dollar is...

For the life of me I don't understand why the dollar is so highly valued, given what we know.. Unless the rest of the developed world's currency real value isn't worse than our own.. The high dollar is very much hurting our exports. Farmers know this well...

Regards, Kirk
 
300 H and H said:
Fred I wonder if you are correct. We know about the dollar, but my bet is the other currancies and their "real value" is not any better, and may be worse than our Dollar is...

For the life of me I don't understand why the dollar is so highly valued, given what we know.. Unless the rest of the developed world's currency real value isn't worse than our own.. The high dollar is very much hurting our exports. Farmers know this well...

Regards, Kirk
Click to expand...

If we only knew. If we only knew who the dark wizards are behind the curtain controlling the reserve currencies, spot gold and the petro-dollar. Dark wizards indeed, balancing on the edge of a razor blade, hoping to NOT fall off and snag their nuts. Our nuts. How long will it be before the jig is up?
 
You must log in or register to reply here.
Top