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Reply #32: That was the attitude that made Bear Stearns so good for so long [View All]

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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-24-10 02:11 PM
Response to Reply #29
32. That was the attitude that made Bear Stearns so good for so long
Edited on Tue Aug-24-10 02:12 PM by Recursion
"Don't hold on to crap. If it's crap today, it will be crap tomorrow."

(Jim Cayne probably used a more salty word than "crap".) More people should think that way.
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  -DOW's going below 10,000.... a kennedy  Aug-24-10 12:56 PM   #0 
  - DJIA going up = working people being robbed  Recursion   Aug-24-10 01:00 PM   #1 
  - I agree....but everywhere you turn on the tube....or the Internet.......  marmar   Aug-24-10 01:02 PM   #3 
  - Exactly. DOW going up mean the rich are getting richer in the Wall Street casino.  Speck Tater   Aug-24-10 01:02 PM   #5 
  - Right, even what I said is a little too rational for what's going on  Recursion   Aug-24-10 01:04 PM   #8 
  - So What About Us Working People with 401ks? Don't We Count?  we can do it   Aug-24-10 01:04 PM   #9 
  - 401(k): fund your retirement by depressing other people's wages  Recursion   Aug-24-10 01:09 PM   #14 
  - what silly horseshit  spanone   Aug-24-10 02:48 PM   #36 
     - You think so?  Recursion   Aug-24-10 02:50 PM   #37 
  - To be blunt, your 401(k) is the ring in your nose to keep you chained to their game.  Greyhound   Aug-25-10 12:34 AM   #46 
  - Riiight.  HiFructosePronSyrup   Aug-24-10 01:05 PM   #11 
     - So you assume "up = bad" implies "down = good"?  Recursion   Aug-24-10 01:08 PM   #13 
        - I wouldn't use the word "assume."  HiFructosePronSyrup   Aug-24-10 01:41 PM   #20 
           - Any large change that does not correspond to actual economic activity I consider bad  Recursion   Aug-24-10 01:43 PM   #22 
  - It will average out around 10,500.  louis-t   Aug-24-10 01:01 PM   #2 
  - ouch, that's going to hurt....should have sold a few weeks ago :(  cbdo2007   Aug-24-10 01:02 PM   #4 
  - my take....lots of day traders taking profits...nt  Oceansaway   Aug-24-10 01:03 PM   #6 
  - Wall Street... OTB...  JuniperLea   Aug-24-10 01:04 PM   #7 
  - A little history on the Dow  SoCalDem   Aug-24-10 01:05 PM   #10 
  - The 401k contributions that used to fuel the market aren't there anymore.  The_Casual_Observer   Aug-24-10 01:07 PM   #12 
  - It will be a triple whammy when the big cohort retires  Recursion   Aug-24-10 01:22 PM   #15 
  - Yup. 401(k) is in much greater peril than social security.  ieoeja   Aug-24-10 01:54 PM   #27 
  - Actually, most 401k contributions haven't changed.  Common Sense Party   Aug-24-10 01:40 PM   #19 
  - Your investment strategy is so quaint & 90's!  The_Casual_Observer   Aug-24-10 01:56 PM   #29 
  - That was the attitude that made Bear Stearns so good for so long  Recursion   Aug-24-10 02:11 PM   #32 
  - My strategy works for me.  Common Sense Party   Aug-24-10 02:46 PM   #34 
     - I know from just watching it that just when it looks like it's a good time, it isn't.  The_Casual_Observer   Aug-24-10 03:58 PM   #38 
        - Probably true, and if I were close to retirement, I sure wouldn't be  Common Sense Party   Aug-24-10 04:10 PM   #42 
           - A couple of years ago I suggested to my 63 year old clueless  The_Casual_Observer   Aug-24-10 04:17 PM   #43 
              - I would have bought you a car.  Common Sense Party   Aug-24-10 04:23 PM   #44 
  - I have little faith in my own ability to guess the direction...  Silent3   Aug-24-10 01:58 PM   #31 
  - Contributions are dropping and the firms that have to administer them are locked into  Greyhound   Aug-24-10 01:44 PM   #23 
  - The dow has been below 10,000 a bunch of times over the past few months.  cbdo2007   Aug-24-10 01:25 PM   #16 
  - Too bad my 401k contribution doesn't go in for another week  Common Sense Party   Aug-24-10 01:37 PM   #17 
  - Nikkei has dipped under 9000 again.  bemildred   Aug-24-10 01:39 PM   #18 
  - I predicted 9500 in Sept.  Greyhound   Aug-24-10 01:42 PM   #21 
  - Investors cashing out before the tax holiday expires next year.  ieoeja   Aug-24-10 01:49 PM   #24 
  - As someone who follows this sort of thing...  potassiumnitrate   Aug-24-10 01:50 PM   #25 
  - it's august.  Hannah Bell   Aug-24-10 01:50 PM   #26 
  - Hence the 'Go away' part  potassiumnitrate   Aug-24-10 02:23 PM   #33 
  - and market corrections are a good time to get great companies on sale.  cbdo2007   Aug-24-10 01:57 PM   #30 
  - Terrible existing home sales report  Gman   Aug-24-10 01:56 PM   #28 
  - DOW's going below 10,000....  Common Sense Party   Aug-24-10 02:47 PM   #35 
  - Deleted message  Name removed   Aug-24-10 04:04 PM   #39 
  - You're early - the "Dow 5000" people don't usually come in until mid-September.  cbdo2007   Aug-24-10 04:06 PM   #40 
  - Why would we trust Goldman Sachs analysts?  Common Sense Party   Aug-24-10 04:24 PM   #45 
  - I'm confused. Am I supposed to be celebrating, or hiding in the basement with a can of beans?  Warren DeMontague   Aug-24-10 04:07 PM   #41 
 

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