Is everyone paying attention to Ben Bernake

Wagner · #1 06-05-2006, 08:05 PM

as he screws up the entire economy....

http://money.cnn.com/2006/06/05/mark...ex.htm?cnn=yes

The market is down over nearly 500 points since this clown did his latest raise...what a dip sh*t.

Nice pick Bush.

Sponsored Links

vinuneuro · #2 06-05-2006, 08:11 PM

He complains about economin slowdown and subsequently raises interest rates...wtf

. The only thing this guy is worried about is his damn inflation targets..

AutoXer · #3 06-05-2006, 08:27 PM

I lost so much $$$$ the last few weeks it's not funny

motordavid · #4 06-05-2006, 09:06 PM

I have a pretty fair sized port, with nearly 55% stocks, (no mutfunds),
and I must admit that today is the first day where I had only one stock
that was green...all the rest were red. (It's been a long time since that
occured.)

Not the end of the world and I won't miss lunch or, my golf game tomorrow, but I feel quite uneasy about the M of late.

My cash/cash equiv, bond and muni funds are keeping me ahead of the, (imo), underreported and underrated inflation that is permeating the econ and starteing to affect everyone, espc. Joe&Mary6Pack, but my equities need some support.

I do use stops and stop limits, but I really don't want to "leave" the M. We Retail investors always get snookered by stops over time, imo.

OTOH, more daily reactionary crap via the oil game, driven by the latest oil baron crazies or, worse yet: the next shoe that drops from the JihadBastards, and this M and, the econ., is in the toilet.

Seat belts and DOT approved helmets on, gang...I am usually a guarded optimist, but this econ is a very fragile and thin veneer, imo.

I'm eyeing that GreeterJob at WallyWorld, if my "accent" was more acceptable to the local clientle, for some pin money...theCEO selling her
fabric art/quilts is nice, but it won't pay the country club bills.

My usual advice to MyKidz here: spend less than your earn, pay yourself first, save...save...save.
My 2Cts.
BR,Ol'UncMtr

vinuneuro · #5 06-05-2006, 09:08 PM

Quote:

Originally Posted by motordavid

My usual advice to MyKidz here: spend less than your earn, pay yourself first, save...save...save.
My 2Cts.
BR,Ol'UncMtr

Absolutely

! Plenty of time to spend later on..

AutoXer · #6 06-05-2006, 11:42 PM

I found that I can never time the market, so the key is to consistently put money away, so you can cost average over time, and everything will be great in the long run.

vinuneuro · #7 06-06-2006, 08:07 AM

Quote:

Originally Posted by AutoXer

I found that I can never time the market, so the key is to consistently put money away, so you can cost average over time, and everything will be great in the long run.

Do you mean something along the lines off pulling out your capital after each trade?

statdoc · #8 06-06-2006, 08:36 AM

No, he means something called "dollar cost averaging", which is essentially the concept of putting the money in regardless of what the market is doing, with the knowledge that generally, the market will go up over the years. Eventually, the lows and the highs tend to even out, with the highs winning out. If you ignore the fluctuations, and just continue to buy (invest in mutuals, etc), your money will generally grow.

vinuneuro · #9 06-06-2006, 08:51 AM

Quote:

Originally Posted by statdoc

No, he means something called "dollar cost averaging", which is essentially the concept of putting the money in regardless of what the market is doing, with the knowledge that generally, the market will go up over the years. Eventually, the lows and the highs tend to even out, with the highs winning out. If you ignore the fluctuations, and just continue to buy (invest in mutuals, etc), your money will generally grow.

Of course...bit of a brain fart this morning

.

Sponsored Links