This is why I love recessions

[duard]

Quote from krazykarl:

I hope you are saving your capital in euros/yuan/lbs/anything-but-dollars!

Are you sure. Dollars may strengthen from here. Rate cuts are pie in the sky.

 

[sobemark]

Quote from ByLoSellHi:

'Irrational Exuberance' gained fame as a phrase before the crash of 2000, my friend, coined by none other than Alan Greenspan.

:eek:

actually schiller coined the phrase 'irrational exuberance'

 

[sunggong]

Quote from ByLoSellHi:

An idiot could've quadrupled their money had they went all in then, and anyone with half a brain would be up ten times.

I'm guessing that you are a normal dude with a normal brain.

So let me guess. You must be up more than 20 times by now...yes?

 

[ByLoSellHi]

Quote from sobemark:

actually schiller coined the phrase 'irrational exuberance'

Ah, you are absolutely correct, sir.

Greenspan 'borrowed' it in his testimony before Congress.

Thank you.

 

[Optionspoet]

It sounds like there are a lot of "bottom pickers" around.

 

[sobemark]

Quote from ByLoSellHi:

Ah, you are absolutely correct, sir.

Greenspan 'borrowed' it in his testimony before Congress.

Thank you.

anytime brother)

--m

 

[ByLoSellHi]

Quote from sunggong:

I'm guessing that you are a normal dude with a normal brain.

So let me guess. You must be up more than 20 times by now...yes?

I may have been exaggerating to make a point. You know, artistic license...

But think of it this way - Apple Computer went from $8 to nearly $100 (a month ago), and Phelps-Dodge went from under $10 to $130+ish.

Look at how many other ten baggers there were. They were all over the place.

My point remains: 2002-2003 was an absolutely fantastic time to go all in, because the market had tanked so badly. This is almost a historical rule of fact.

I don't know if I'm a 'normal dude' with a 'normal brain.'

I did once win a creative writing award in the 5th grade.

 

[hajimow]

Market experts predicted all 20 recessions out of 4 recessions.

 

[S2007S]

Quote from hajimow:

Market experts predicted all 20 recessions out of 4 recessions.

I thought it was 9 out of the last 5!!!

 

[S2007S]

Corporate profits will slow into the single digits, its expected after how many straight quarters of double digit growth...........