Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
C_S6225, Nyati, Highball Outfitters, Bradshaw williams, SAvoltage
108250 Registered Users
Top Posters
TexDawg 88914
hopalong 78895
Pilothawk 76461
John175® 67869
JDavis7873® 67390
FattyMcButterpants 60885
Derek 🐝 60491
Tritonman 58054
LoneStarSon® 54528
SkeeterRonnie 53419
facebook
Forum Stats
108250 Members
60 Forums
814090 Topics
10309354 Posts

Max Online: 36273 @ 01/23/13 02:34 PM
Page 2 of 4 < 1 2 3 4 >
Topic Options
#12576113 - 01/12/18 07:44 PM Re: Market gone wild! [Re: butch sanders]
Scagnetti Offline
TFF Guru

Registered: 01/23/06
Posts: 27963
Loc: Dallas
Originally Posted By: butch sanders
Originally Posted By: Derek &#128029;
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
you really should invest in
his horse racing pix
HAH! They don’t call YOU the Lone Star Park Clocker for nothing
_________________________



Top
#12576146 - 01/12/18 08:14 PM Re: Market gone wild! [Re: Scagnetti]
butch sanders Offline
TFF Guru

Registered: 03/17/05
Posts: 26782
Loc: Arlington, Texas
Originally Posted By: Scagnetti
Originally Posted By: butch sanders
Originally Posted By: Derek &#128029;
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
you really should invest in
his horse racing pix
HAH! They don’t call YOU the Lone Star Park Clocker for nothing


true that Brother

Top
#12576151 - 01/12/18 08:16 PM Re: Market gone wild! [Re: fishslime]
butch sanders Offline
TFF Guru

Registered: 03/17/05
Posts: 26782
Loc: Arlington, Texas
Originally Posted By: fishslime
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.


solid
it happened to my Dad with enron
i am going to sell after Trump leaves

Top
#12576152 - 01/12/18 08:16 PM Re: Market gone wild! [Re: T Bird]
butch sanders Offline
TFF Guru

Registered: 03/17/05
Posts: 26782
Loc: Arlington, Texas
unless Pence gets in

Top
#12576431 - 01/13/18 07:16 AM Re: Market gone wild! [Re: T Bird]
donothin Offline
Extreme Angler

Registered: 05/16/08
Posts: 1284
Loc: Belton Lake, Moffat
It is a false economy supported by deficit spending that our kids will pay for. It will likely be the same as it was after Reganomics and after Clinton. My investment portfolio has done very well since the second election of Obama and has continued this first year of Trump but I am under no illusion that the tax bill will result in long term growth.

Top
#12576464 - 01/13/18 07:53 AM Re: Market gone wild! [Re: butch sanders]
Dognot Offline
TFF Team Angler

Registered: 01/20/10
Posts: 3658
Loc: N 31.531479 X W 99.640587
Originally Posted By: butch sanders
Originally Posted By: fishslime
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.


solid
it happened to my Dad with enron
i am going to sell after Trump leaves



I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$
_________________________
“You may all go to hell and I will go to Texas.” - Davy Crockett

Don't compare your inside life with somebody elses outside life.............Justin Kirkham

Top
#12576478 - 01/13/18 08:05 AM Re: Market gone wild! [Re: Dognot]
RATZ Offline
TFF Guru

Registered: 07/11/06
Posts: 34663
Loc: ARLINGTON
Originally Posted By: Dognot
Originally Posted By: butch sanders
Originally Posted By: fishslime
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.


solid
it happened to my Dad with enron
i am going to sell after Trump leaves



I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$


that's worth killing someone
_________________________
If God is your co-pilot then change seats





Top
#12576489 - 01/13/18 08:13 AM Re: Market gone wild! [Re: T Bird]
JCG57 Offline
Extreme Angler

Registered: 05/08/02
Posts: 1393
Loc: DFW
We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.

Top
#12576491 - 01/13/18 08:15 AM Re: Market gone wild! [Re: T Bird]
Duck_Hunter Offline
TFF Guru

Registered: 03/24/14
Posts: 14665
Loc: North Texas
Enron was straight up fraud. That’s different than the market as a whole fluctuating, or even over-correcting.
_________________________

Top
#12576532 - 01/13/18 08:46 AM Re: Market gone wild! [Re: SheldonS]
Huckleberry Offline
TFF Guru

Registered: 10/10/07
Posts: 17776
Loc: Lake Gaston, VA
Originally Posted By: SheldonS
Originally Posted By: deerfeeder
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.


You can usually move it within your 401K to something similar to a savings account with no tax liability. However, the most important thing is to have a balanced portfolio for your age of retirement.


Stable Market Fund

Top
#12576625 - 01/13/18 09:43 AM Re: Market gone wild! [Re: T Bird]
fishslime Offline
Extreme Angler

Registered: 09/23/08
Posts: 2471
Loc: mckinney
Enron is a good example of how our politicians pathetically serve us. Phil Graham (Houston/Oil connected )sponsored the bill to prevent Enron-type fraud and got it through the Senate in the last days of Clinton's second term. After it was approved by the Senate, he and his cohorts "amended" it to allow large financial institutions (banks, hedge funds, retirement funds, etc.) to participate in oil commodity trading. Due to public sentiment, Clinton was pretty much forced to sign it, and most gave little attention to the "amendment". Then in the early 2000's someone allowed foreign stock exchanges to trade on the NYSE under the rules of their country with no oversight by the SEC. (I can't trace this to Bush necessarily, but I have my suspicions with his family's oil heritage.) Therefore, the large oil traders (banks, etc.) started to funnel their trades through foreign exchanges (primarily the International Commodity Exchange in London), were able to avoid scrutiny by the SEC, and basically manipulate oil prices as a result. The "speculator" was born - remember that term? Gas went up to $4.00/gal. in this country, folks couldn't afford their house any more, and the dominoes started to fall until it wound up in the septic tank by 2008. I'm sure most remember that as well.

As for me, I don't trust politicians any further than I can throw them. They may go up there with good intentions but soon fall in line with the rest and become puppets for their financial supporters instead of representatives for their voting public.

Being a catfish dude, I recognize a bottom feeder when I see one!

Top
#12576686 - 01/13/18 10:29 AM Re: Market gone wild! [Re: T Bird]
Fishin' Nut Offline
TFF Celebrity

Registered: 03/14/03
Posts: 6672
Loc: Huntsville, AL
I bought 100 shares of GE yesterday. Losing $1900 won't break the bank, but it has potential in the long run to make a decent return.
_________________________


Kirk Long (Kikr) March 4, 1959 - June 19, 2009
I guess the Lord needed a fishing buddy more than me.

Top
#12576741 - 01/13/18 11:13 AM Re: Market gone wild! [Re: Fishin' Nut]
Huckleberry Offline
TFF Guru

Registered: 10/10/07
Posts: 17776
Loc: Lake Gaston, VA
Originally Posted By: Fishin' Nut
I bought 100 shares of GE yesterday. Losing $1900 won't break the bank, but it has potential in the long run to make a decent return.


thumb

Top
#12576830 - 01/13/18 12:50 PM Re: Market gone wild! [Re: T Bird]
krawlin 47 Offline
TFF Guru

Registered: 02/24/08
Posts: 17315
Loc: Sachse Texas
I bought a little bit of PETS 6 months ago after loosing my arse on another stock (BEAT) - up 41%

I don't do too many stocks...let the pros do that imo.
_________________________
Whether you think you can or you can't, you are probably right.

Top
#12576968 - 01/13/18 02:39 PM Re: Market gone wild! [Re: JCG57]
kcb Offline
Extreme Angler

Registered: 01/05/07
Posts: 1064
Loc: Carrollton, TX
Originally Posted By: JCG57
We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.


This is some good insight right here. Market is up nearly 5% in a couple of weeks! Figure that out on an annual return basis and let it sink in. There will be bumps along the way but it's anyone's guess how high this thing will go. No reason to sell out right here but taking a little off the table would be prudent.

Top
Page 2 of 4 < 1 2 3 4 >



© 1998-2018 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide