Armageddon as an excuse - Page 2 - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > General Interest Forums > General Discussion (sailing related)
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #11  
Old 10-01-2008
hellosailor's Avatar
Senior Member
 
Join Date: Apr 2006
Posts: 10,057
Thanks: 0
Thanked 50 Times in 49 Posts
Rep Power: 10
hellosailor has a spectacular aura about hellosailor has a spectacular aura about
"this is when those seasoned investors start to pick up the good deals..."
Could be, but if you compare the drops in 87/88, we could easily see the market at 8000 before it begins a five-year recovery climb. This might be a good time for select investments--ignoring the bankruptcies to come--or, it might be 25% higher than the market will be by spring.

The odds are better in Vegas. Not to mention, in Vega you can get comped for your room and drinks. Your broker doesn't do THAT for you, does he?
Reply With Quote Share with Facebook
  #12  
Old 10-01-2008
Senior Member
 
Join Date: Aug 2006
Location: wherever
Posts: 5,233
Thanks: 8
Thanked 14 Times in 13 Posts
Rep Power: 10
xort has a spectacular aura about xort has a spectacular aura about xort has a spectacular aura about
The 'big' drop Tuesday was only the 17th largest percentage drop in market history.
Is the glass half empty or half full? Depends on whether panic sets in.
Reply With Quote Share with Facebook
  #13  
Old 10-01-2008
lbdavis's Avatar
Member
 
Join Date: Apr 2007
Location: Portland, ME
Posts: 560
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
lbdavis is on a distinguished road
now I'm in a pickle

Quote:
Originally Posted by hellosailor View Post
"this is when those seasoned investors start to pick up the good deals..."

The odds are better in Vegas.
Oh, thanks a lot, hellosailor... Now I don't know whether to take all my money and go to Vegas or take that cruise.

...god, i love vegas.
__________________
S/V Gracie
P303
Reply With Quote Share with Facebook
  #14  
Old 10-01-2008
ronspiker's Avatar
Senior Member
 
Join Date: Jun 2001
Posts: 112
Thanks: 0
Thanked 2 Times in 2 Posts
Rep Power: 13
ronspiker is on a distinguished road
Well I don't consider this Armageddon but I do think that the plan is applicable if a major war starts. Get as far south as possible. The Southern Hemisphere will escape a lot of the stupidity that will engulf the US, Europe, and the Middle East.
Reply With Quote Share with Facebook
  #15  
Old 10-02-2008
Senior Member
 
Join Date: Apr 2003
Posts: 4,192
Thanks: 50
Thanked 37 Times in 36 Posts
Rep Power: 14
knothead has a spectacular aura about knothead has a spectacular aura about knothead has a spectacular aura about
I love this video. And the song ain't half bad either.

Reply With Quote Share with Facebook
  #16  
Old 10-02-2008
Junior Member
 
Join Date: Jul 2008
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Alexeip is on a distinguished road
Quote:
Originally Posted by hellosailor View Post

The odds are better in Vegas. Not to mention, in Vega you can get comped for your room and drinks. Your broker doesn't do THAT for you, does he?
Ummm...... no.

Unless you mean the odds are better if you are THE HOUSE in Vegas.

There is not a single 10 year period where you wouldn't have made a profit by keeping your money in the stock market (even the one that ended in 1929). The trick to it is just what that Buffett quote said: don't panic. DON'T sell during a big downturn, because you can only lose money doing that (that doesn't mean keep your money in a crappy stock, obviously).

Sheesh. The world's not ending, people. Calm down.
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sorry mate my anchor dragged! Ilenart General Discussion (sailing related) 41 03-27-2008 10:04 AM
rigid vang for small sloop or... Any excuse to upgrade. jbarros Gear & Maintenance 2 10-16-2003 02:01 PM


All times are GMT -4. The time now is 12:31 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012