If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Guardian)   Stock markets launch toward the heavens on news that they will again be bailed out from a level of greed that would make Gordon Gecko blush   (guardian.co.uk) divider line 51
    More: Obvious, stock markets, greed  
•       •       •

3646 clicks; posted to Business » on 11 Jun 2012 at 2:19 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



51 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | » | Last | Show all
 
2012-06-11 12:25:18 PM
Stock markets launch toward the heavens

... and then fall back to earth like a North Korean missile.
 
2012-06-11 02:22:01 PM
But what can the common man do?

Absolutely nothing but watch as his future is gambled away.
 
2012-06-11 02:31:52 PM

meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.


Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education
 
2012-06-11 02:39:29 PM

Brontes: meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.

Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education


Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.
 
2012-06-11 02:46:56 PM
Im sure this time it will only go up!
 
2012-06-11 02:54:11 PM

AcneVulgaris: Brontes: meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.

Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education

Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.


Go on a one man vigilante spree hunting CEOs and tear the whole system down?
 
2012-06-11 02:54:45 PM

AcneVulgaris: Brontes: meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.

Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education

Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.


A) Ten years isn't long term.
B) The DJIA is up ~30% from ten years ago today.
 
2012-06-11 02:56:27 PM
Ireland is already going, "Hey, screw the terms you were going to give us, we want the deal you're offering Spain!" and everyone else will be doing the same. Whoever gets the sweetest terms is going to set the precedent for everybody else, and in the end the entire bailout mishegoss is going to be made impossible because there's not enough money in the world to bail out everyone and to give each the same size slice of the pie. The EU is going to unravel no matter what, it's just a matter of when, like trying to predict when a descending satellite is going to burn up in the atmosphere.
 
2012-06-11 03:18:23 PM
If investment = gambling to you, then you're doing it wrong.

The same tenets hold true in the long term- invest in companies that have a history of good management practices and profits, reinvest your dividends, and don't get ruled by emotion. Manage your risk according to your goals and your horizon for achieving them (don't get too heavy into high risk vehicles when you anticipate retiring rather soon). These things won't insulate you from every market downturn but you'll generally do well.

/Invested quite a bit into a mutual fund that caught it in the ass in 2008
//It's come all the way back and the dividends have turned it into a decent nest egg- up over 10% over the last few years... not awesome, but not the bath it was at first (when it dropped by 40%)
///That isn't all my nest egg, either.
 
2012-06-11 03:18:35 PM

thurstonxhowell: A) Ten years isn't long term.


Ten years is more than most people have
 
2012-06-11 03:21:00 PM
Are you saying I'm sick? Lupus? Is it lupus?!
 
2012-06-11 03:24:23 PM
Old news subs. Markets have turned ugly on news that nothing in Europe is fixed and Greece is set to elect an anti-austerity government on Sunday that is going to really make the markets unhappy.

But, in between all that, expect Monday and Tuesday of next week to be magnificent up days on news/hope/gossip of QE part 3 or 4 or whatever you want to call it.
 
2012-06-11 03:34:30 PM

thurstonxhowell: B) The DJIA is up ~30% from ten years ago today.


Yeah, and it is only up 15% from 12 years ago today. Careful how you pick your numbers. 10 years ago today the DJIA was having downturn, that is great for investors who bought in the middle of that. It doesn't sound so great when you go back a bit earlier. It sounds even less great when you consider that the market on Sept 23, 2011 was less then what it was in 1999 (a bubble). Overall, the 2000's were an ugly decade in the market if you bought in during the tech bubble and tried to hold everything through right now. Buy low, sell high and all that.
 
2012-06-11 03:34:52 PM

akula: If investment = gambling to you, then you're doing it wrong.

The same tenets hold true in the long term- invest in companies that have a history of good management practices and profits, reinvest your dividends, and don't get ruled by emotion. Manage your risk according to your goals and your horizon for achieving them (don't get too heavy into high risk vehicles when you anticipate retiring rather soon). These things won't insulate you from every market downturn but you'll generally do well.

/Invested quite a bit into a mutual fund that caught it in the ass in 2008
//It's come all the way back and the dividends have turned it into a decent nest egg- up over 10% over the last few years... not awesome, but not the bath it was at first (when it dropped by 40%)
///That isn't all my nest egg, either.


I agree with all that except reinvesting dividends. Only do so if there aren't better options.
 
2012-06-11 03:34:58 PM
Pump and dump. The insiders bailed at the peak and left the mess for the commoners.
 
2012-06-11 03:49:47 PM
Can't wait for the total collapse of Greece & Spain. Looking good!
 
2012-06-11 03:52:55 PM

AcneVulgaris: Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.


My investments are up over 30% if I look at it over the last ten years.

I know it's fun to pretend you know what your talking about and scream about DA MAN and how all those slick-haired executive types are gonna steal all that hard earned money you've squirreled away in your sofa for a rainy day, but you are just pretending.

Sticking some money in the market on proven companies with a good track record and reliable management might not make you fabulously wealthy, but it's a good way to earn some investment income without doing stupid shiat that will bankrupt you. I am annoyed with crap like 401ks that have been used to scam workers out of more reliable pensions in the name of higher profit margins, but people like you who think simple investing is some arcane and dark magic are just plain silly.
 
2012-06-11 03:58:29 PM
More money in exchange for deeper cuts. You thought 24% unemployment in Spain was bad?

No one has faith in the banking sector, once that capitalization money is gone, banks will sell assets, which will depreciate current bank assets, which will force the banks to sell more assets because their reserve ratio drops, which will cause more asset price depreciation, Loop.

Short term, banks need to inject that money into their economy to get it flowing (ie good loans or buying Spanish bonds - although i haven't read the rules on the bailout i dont think they can do that suggestion), the unemployment rate has to start falling and getting money into people's hands. Might not be the best time to demand cuts to public spending at the moment.
 
2012-06-11 04:21:10 PM

Lost Thought 00: thurstonxhowell: A) Ten years isn't long term.

Ten years is more than most people have


Then they should have started investing twenty years ago when they had more time.
 
2012-06-11 04:31:27 PM

Splinshints: Sticking some money in the market on proven companies with a good track record and reliable management might not make you fabulously wealthy, but it's a good way to earn some investment income without doing stupid shiat that will bankrupt you


I think part of the problem is that some people are under the impression that investing is only done by the fabulously wealthy and 100% returns within a short time are quite normal.

That's utter bull.

Returns are much more modest, and the folks usually doing the investing aren't usually plutocrat bastards, but the cube dweller who lives next door and the carpenter who lives across the street. Small amounts of money to be sure, but over 40 years they turn into something reasonably impressive. You just have to start young and keep at it. You can't just start investing at 53 years old and expect to have a comfortable retirement. Start at under 30 and you might well have that, even if you aren't making a ton of money.

$400 per month might not sound like much, but when you have been doing that each month for years on end the compound interest will work for you.
 
2012-06-11 05:15:02 PM
As a market bear...I hope everyone dies in a fire.

Bring the collapse - baby needs a new electron microscope.

/obscure?
 
2012-06-11 05:26:20 PM

Splinshints: AcneVulgaris: Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.

My investments are up over 30% if I look at it over the last ten years.

I know it's fun to pretend you know what your talking about and scream about DA MAN and how all those slick-haired executive types are gonna steal all that hard earned money you've squirreled away in your sofa for a rainy day, but you are just pretending.

Sticking some money in the market on proven companies with a good track record and reliable management might not make you fabulously wealthy, but it's a good way to earn some investment income without doing stupid shiat that will bankrupt you. I am annoyed with crap like 401ks that have been used to scam workers out of more reliable pensions in the name of higher profit margins, but people like you who think simple investing is some arcane and dark magic are just plain silly.


...which after inflation is fark all, that could be gone tomorrow, and you well know it.

The stock market is a rigged casino, propped up by the government, and desperate for new people to fleece. You want to be a simple investor and play against the supercomputers, go for it...hey, it's FREE MONEY! Only a moron wouldn't take FREE MONEY!

I've made about 400% investing in my own business during the last 10 years, and I'm sticking with that plan.
 
2012-06-11 05:43:11 PM

AcneVulgaris: I've made about 400% investing in my own business during the last 10 years, and I'm sticking with that plan.


That sounds like...work. Screw that. If I wanted to work I'd get a job.
 
2012-06-11 06:13:28 PM
Hang with the Dogs of the DOW, blue chip companies that pay dividends,
Roll dividends back into stocks religiously.
It feeds on itself and will grow.
It's a long term thing and won't happen in a day or year, but over the years you will be surprised.
Don't panic when the stocks drop in price, they are cheaper and your dividends will buy more shares.
Slow and steady and stay the course.
 
2012-06-11 06:50:40 PM

cig-mkr: Hang with the Dogs of the DOW, blue chip companies that pay dividends,
Roll dividends back into stocks religiously.
It feeds on itself and will grow.
It's a long term thing and won't happen in a day or year, but over the years you will be surprised.
Don't panic when the stocks drop in price, they are cheaper and your dividends will buy more shares.
Slow and steady and stay the course.


That is for suckers. The real money is in the lotto; millions of percent ROI.
 
2012-06-11 07:09:22 PM
Hmmm...the Powerball is at 240 million, no?
 
2012-06-11 08:07:06 PM

meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.



Sink your money into ether land or gold. they may fluctuate, but the bottom will never drop out.
 
2012-06-11 08:51:49 PM

Brontes: AcneVulgaris: Brontes: meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.

Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education

Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.

Go on a one man vigilante spree hunting CEOs and tear the whole system down?


But don't you have to have dead parents who leave you billions of dollars and a serious grudge against the seedy underside of Chicago?
 
2012-06-11 09:35:46 PM

Jaws_Victim: Brontes: AcneVulgaris: Brontes: meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.

Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education

Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.

Go on a one man vigilante spree hunting CEOs and tear the whole system down?

But don't you have to have dead parents who leave you billions of dollars and a serious grudge against the seedy underside of Chicago?


I was thinking more ex-FBI agent left for dead by the banks who takes then punishes the said banks
 
2012-06-11 10:06:52 PM

Brontes: Jaws_Victim: Brontes: AcneVulgaris: Brontes: meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.

Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education

Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.

Go on a one man vigilante spree hunting CEOs and tear the whole system down?

But don't you have to have dead parents who leave you billions of dollars and a serious grudge against the seedy underside of Chicago?

I was thinking more ex-FBI agent left for dead by the banks who takes then punishes the said banks


I'd watch that movie. Or give him a bed in my basement.
 
2012-06-11 10:09:16 PM
See, the private sector is doing just fine, thank you.
 
2012-06-11 11:58:35 PM
bail out the rich raise taxes on the poor. suck it libs
 
2012-06-12 12:06:51 AM
The global monetary system is fundamentally broken. A complete collapse was always inevitable and now is the time.

We became drunk on greed, funded by our fraudulent funny money. Now, its the next morning and the bill is due.

Time to pay.
 
2012-06-12 12:26:15 AM

Splinshints: My investments are up over 30% if I look at it over the last ten years.


And if you look at the last 15?
 
2012-06-12 12:54:29 AM

Brontes: Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education



What a stupid concept

Invest for the long term, that GM stock I held for 20 years sure paid off!

Investing for the long term went out of style years ago.

Day trading isn't tough when you don't mess with options or borrow money to trade.
 
2012-06-12 12:56:22 AM

cig-mkr: Hang with the Dogs of the DOW, blue chip companies that pay dividends,
Roll dividends back into stocks religiously.
It feeds on itself and will grow.
It's a long term thing and won't happen in a day or year, but over the years you will be surprised.
Don't panic when the stocks drop in price, they are cheaper and your dividends will buy more shares.
Slow and steady and stay the course.



How many blue chip companies went bankrupt in the past 30 years?
 
2012-06-12 02:24:01 AM
If Europe doesn't want the US to invade Syria and Iran, they'd better do everything they can to prevent Romney from winning this election. Keep your finger in the damn through election day, at least.
 
2012-06-12 04:27:26 AM
falcon176 2012-06-11 11:58:35 PM

bail out the rich raise taxes on the poor. suck it libs

You sound poor.
 
2012-06-12 06:55:57 AM

akula: Splinshints: Sticking some money in the market on proven companies with a good track record and reliable management might not make you fabulously wealthy, but it's a good way to earn some investment income without doing stupid shiat that will bankrupt you

I think part of the problem is that some people are under the impression that investing is only done by the fabulously wealthy and 100% returns within a short time are quite normal.

That's utter bull.

Returns are much more modest, and the folks usually doing the investing aren't usually plutocrat bastards, but the cube dweller who lives next door and the carpenter who lives across the street. Small amounts of money to be sure, but over 40 years they turn into something reasonably impressive. You just have to start young and keep at it. You can't just start investing at 53 years old and expect to have a comfortable retirement. Start at under 30 and you might well have that, even if you aren't making a ton of money.

$400 per month might not sound like much, but when you have been doing that each month for years on end the compound interest will work for you.


Opened a Roth at age 19. Boo ya kashah!
 
2012-06-12 08:30:37 AM

Brontes: AcneVulgaris: Brontes: meat0918: But what can the common man do?

Absolutely nothing but watch as his future is gambled away.

Don't day trade, they will eat your lunch
Invest for the long term
Education, education, education

Yeah, the last 10 years has been great! I want to risk my cash for a piece of that nothing.

Go on a one man vigilante spree hunting CEOs and tear the whole system down?


Seems an easier way to keep up with inflation these days.

3 hots and a cot.
 
2012-06-12 09:36:48 AM

AcneVulgaris: I've made about 400% investing in my own business during the last 10 years, and I'm sticking with that plan.


I'm dying to see you quantify that. Please, please farking show me even a rough outline of extraordinary investment directly producing you a return outside of your normal profit. Because owning a profitable business that makes more money than you spent starting it isn't investment, it's entrepreneurship. If you had to physically work to turn your money into more money, that's not investment. It's work. You don't just tally your expenditures versus your income and go hey, I'm a savvy investor.

Don't get me wrong, I'm not knocking you for being successful. But if you're going to tell me that statistically you think someone's more likely to be a successful entrepreneur than a successful investor, in term of simply making a profit versus not over 10 years, then I'm going to call you a moron. If you're going to tell me that you think 15% on a passive investment is a bad ROI, then I'm going to call you a moron.
 
2012-06-12 11:04:12 AM

SoCalSurfer: Opened a Roth at age 19. Boo ya kashah!


Good for you... I'm not just saying that. You show actual financial discipline and it will serve you well.

I didn't get going until I was in my late 20s... it just took a while to get to earning much of anything. But my wife maxes out her 401k at work and I have my own IRA, and we stick with it. We'll be just fine, but I am anticipating needing at least $2m to have a good comfortable retirement. Inflation is a biatch.
 
2012-06-12 11:32:32 AM
Where the fark is the money going? When I see that the Spanish Bank has 25 billion in toxic assets cause of the real estate market. THey are given 19 billion and still have 25 billion in toxic assets. WTF? WTF did they do with the money? Shouldn't they only have 6 billion in toxic assets now?
 
2012-06-12 11:52:46 AM

FullMetalPanda: Where the fark is the money going? When I see that the Spanish Bank has 25 billion in toxic assets cause of the real estate market. THey are given 19 billion and still have 25 billion in toxic assets. WTF? WTF did they do with the money? Shouldn't they only have 6 billion in toxic assets now?


You have to use banker math when computing real value. Everyone knows that
 
2012-06-12 12:30:23 PM

akula: SoCalSurfer: Opened a Roth at age 19. Boo ya kashah!

Good for you... I'm not just saying that. You show actual financial discipline and it will serve you well.

I didn't get going until I was in my late 20s... it just took a while to get to earning much of anything. But my wife maxes out her 401k at work and I have my own IRA, and we stick with it. We'll be just fine, but I am anticipating needing at least $2m to have a good comfortable retirement. Inflation is a biatch.


Im lucky in that I was able to get a stable "government" job after college. I know too many people who are still unemployed
 
2012-06-12 04:29:15 PM

FullMetalPanda: Where the fark is the money going? When I see that the Spanish Bank has 25 billion in toxic assets cause of the real estate market. THey are given 19 billion and still have 25 billion in toxic assets. WTF? WTF did they do with the money? Shouldn't they only have 6 billion in toxic assets now?



Mortgage backed securities
 
2012-06-12 11:43:51 PM
Stop bailing out everything... No more bailouts for car companies, shiatty propped-up European nations, banks, Wall Street... EVERYTHING.
 
2012-06-13 12:27:01 AM

FullMetalPanda: Where the fark is the money going? When I see that the Spanish Bank has 25 billion in toxic assets cause of the real estate market. THey are given 19 billion and still have 25 billion in toxic assets. WTF? WTF did they do with the money? Shouldn't they only have 6 billion in toxic assets now?


Assets and toxic assets don't simply cancel each other out. Say you have a mortgage of $100k, but your house is now only worth $80k. Your house is basically a toxic asset. Then you suddenly win $50k in the lotto. You still have a house that's worth less than your mortgage, but your overall financial position is now a lot better.
 
2012-06-13 12:57:57 AM

Ontos: Stop bailing out everything... No more bailouts for car companies, shiatty propped-up European nations, banks, Wall Street... EVERYTHING.



So get rid of bankruptcy laws and make them like Europe?

You have no idea how bad the economy will get if they don't prop up the globalization system
 
2012-06-13 07:06:52 AM

intelligent comment below: Ontos: Stop bailing out everything... No more bailouts for car companies, shiatty propped-up European nations, banks, Wall Street... EVERYTHING.


So get rid of bankruptcy laws and make them like Europe?

You have no idea how bad the economy will get if they don't prop up the globalization system


We should just start by no longer backstopping banks.

But hey, the United States set that bar back in 2008, so we really can't complain a whole lot.

But is it any wonder that the major architects of the European Union, Ben Bernanke and Robert Rubin, also happen to be two of the primary architects of the current American finance system?

Nothing will change until we follow Iceland's lead. Bankers AND politicians that enabled them need to be hauled off to PMTIA prison.

I'd recommend starting with Phill Gramm, his wife Wendy, Sandy Wyle, Ben Bernanke, Hank Paulson, Robert Rubin, Jamie Dimon....
It's an incomplete list and there's LOTS of room for more.
 
Displayed 50 of 51 comments

First | « | 1 | 2 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report