My sense here on the street (wall st, that is) is that people aren’t terribly worried about anything but the short term. The market fundamentals are basically sound, and equities are still modestly valued by historical measures. Stronger, the problems lie with the back office (the reinsurers, eg) rather than the securities themselves, which opens a space for the volatility to be profitably exploited.
jpe - 05:01pm on 01/22/2008
I turned on the radio this afternoon, and everybody was going crazy about the 400+ drop, and only mentioned as a footnote that it had recovered too what was then an 88 point drop.
electnixon - 05:01pm on 01/22/2008
Markets tend to fluctuate; who knew?
Make the tax cuts permanent; markets hate uncertainty.
Kevin - 05:01pm on 01/22/2008
Let’s see my 401K is worth a good deal less than it was this time last year, despite the fact that I’ve still been paying into it all year long…
The options they gave me 3 years ago are now worth less than a buck apeice…
And the bonus we’ve all come to know and love has just been cancelled.
Yeah, if I were my boss I’d fire me and hire an Indian.
Marty - 07:01pm on 01/22/2008
Marty:
A) Your 401k is a retirement account. Unless you’re planning to withdraw your money soon, you don’t have much to worry about. If you are planning on withdrawing soon, perhaps you should have moved your funds to less volatile investments.
B) My retirement plan returned 8.5% over the last year. Perhaps you need to re-think your investment strategy.
Rob - 07:01pm on 01/22/2008
TYRANNICAL GOVERNMENT CAUSED RECESSION AND INFLATION
The tyrannical Neo-Con and Neo-Lib dominated government must start paying for the un-constitutional Iraq War, and the subprime mortgage lending and stock trading scam, by printing billions of dollars; thereby subjecting the government betrayed American People to systematic ruinous recession and inflation.
Jeugenen - 08:01pm on 01/22/2008
Rob, send me the list of funds you’re in. Mine clearly suck!
Marty - 08:01pm on 01/22/2008
I hope you are correct. I am well diversified and have lost 10 points in the last six weeks...corrections do occur. Time will tell.
I am not sure which economy is doing so well, certainly not mine. hmmmm I can turn on fox news and have them tell what a good job this admin. is doind...or I can turn on CNN and hear how the country is going to hell in a handbasket...CBC and listen to the Canadians laugh...or CSPAN and listen to the house of commons tout their economy and low inflation as compared to the US…
imagine - 08:01pm on 01/22/2008
You know, you could walk up to a guy with a great house, great job and a great life and ask him how the economy is going and he’d probably say “Oh, things are awful!”
Bitching about the economy is a national pastime. There are some people who just won’t admit that, historically speaking, we’re in a golden era.
Rob, send me the list of funds you’re in. Mine clearly suck!
My investment secrets are my own, thank you very much, but here’s a hint: Booze, tobacco, oil and pharmaceuticals. No matter what happens, Americans will always love to drink, smoke and drive around in their big-ass cars.
Plus, we all get sick now and then.
I’m recession proof.
Rob - 08:01pm on 01/22/2008
I’m recession proof.
LOL!
Marty before you take any of Rob’s free advice (you get what you pay for) I would like to point a few things.
1. Rob thinks a home is an investment
2. Buying Mutual Funds and Stocks is “Saving”
3. Rob couldn’t even name the Seven Asset Classes
4. Rob is like 26 or 27 and has never lived in a Bear Market so he doen’t know what one looks like
5. I could go on..
My sense here on the street (wall st, that is) is that people aren’t terribly worried about anything but the short term. The market fundamentals are basically sound, and equities are still modestly valued by historical measures. Stronger, the problems lie with the back office (the reinsurers, eg) rather than the securities themselves, which opens a space for the volatility to be profitably exploited.
I turned on the radio this afternoon, and everybody was going crazy about the 400+ drop, and only mentioned as a footnote that it had recovered too what was then an 88 point drop.
Markets tend to fluctuate; who knew?
Make the tax cuts permanent; markets hate uncertainty.
Let’s see my 401K is worth a good deal less than it was this time last year, despite the fact that I’ve still been paying into it all year long…
The options they gave me 3 years ago are now worth less than a buck apeice…
And the bonus we’ve all come to know and love has just been cancelled.
Yeah, if I were my boss I’d fire me and hire an Indian.
Marty:
A) Your 401k is a retirement account. Unless you’re planning to withdraw your money soon, you don’t have much to worry about. If you are planning on withdrawing soon, perhaps you should have moved your funds to less volatile investments.
B) My retirement plan returned 8.5% over the last year. Perhaps you need to re-think your investment strategy.
TYRANNICAL GOVERNMENT CAUSED RECESSION AND INFLATION
The tyrannical Neo-Con and Neo-Lib dominated government must start paying for the un-constitutional Iraq War, and the subprime mortgage lending and stock trading scam, by printing billions of dollars; thereby subjecting the government betrayed American People to systematic ruinous recession and inflation.
Rob, send me the list of funds you’re in. Mine clearly suck!
I hope you are correct. I am well diversified and have lost 10 points in the last six weeks...corrections do occur. Time will tell.
I am not sure which economy is doing so well, certainly not mine. hmmmm I can turn on fox news and have them tell what a good job this admin. is doind...or I can turn on CNN and hear how the country is going to hell in a handbasket...CBC and listen to the Canadians laugh...or CSPAN and listen to the house of commons tout their economy and low inflation as compared to the US…
You know, you could walk up to a guy with a great house, great job and a great life and ask him how the economy is going and he’d probably say “Oh, things are awful!”
Bitching about the economy is a national pastime. There are some people who just won’t admit that, historically speaking, we’re in a golden era.
My investment secrets are my own, thank you very much, but here’s a hint: Booze, tobacco, oil and pharmaceuticals. No matter what happens, Americans will always love to drink, smoke and drive around in their big-ass cars.
Plus, we all get sick now and then.
I’m recession proof.
LOL!
Marty before you take any of Rob’s free advice (you get what you pay for) I would like to point a few things.
1. Rob thinks a home is an investment
2. Buying Mutual Funds and Stocks is “Saving”
3. Rob couldn’t even name the Seven Asset Classes
4. Rob is like 26 or 27 and has never lived in a Bear Market so he doen’t know what one looks like
5. I could go on..