OT - When does a recession become a depression?
- Thread starter Genetics
- Start date
macchicks
CORA
You know every year I ask the county if they will kick my neighbors out and let me buy the property for back taxes, they wont do it. Three years unpaid back taxes and they wont go for it. I keep trying though.
note I am not a cruel person I just dont like theifs who break into my house and car.
note I am not a cruel person I just dont like theifs who break into my house and car.
Aqua Keepers
New member
See if you can buy the tax liens. At least you can make money off them.
serpentman
part time superhero
I am very glad I am not planning to retire anytime soon. Watching my 401K dwindle away.....
I like he follows what everyone else does. 8500 seems to be a consensus with wall street right now. I remember when he was toting banks right before they started plummeting. There will be stocks that shine. Coca-cola and walmart will be two big ones.
serpentman
part time superhero
One silver lining is there are some really good bargains out there to be had. Assuming that is, any of us have any money left when this all plays out.
Another tell tale sign of the way things are heading is Campbell's soup. Its been trading near its 52week high since 10/1. Soup companies usually do well when downturn rears its ugly head.
Another tell tale sign of the way things are heading is Campbell's soup. Its been trading near its 52week high since 10/1. Soup companies usually do well when downturn rears its ugly head.
MJAnderson
Premium Member
I've had a good run with Family Dollar Stores (FDO). Even more discount than wal-mart!
ronc98
New member
This could either be the best buying time ever or it is that bad that it is world wide panic is justified. Most Asian markets finished 8-9 percent down from yesterday.
The market hits 7.5k and is stable for a week I am taking all fund I pulled a year ago and buying back in.
Nice they dropped the rates another 0.5 and in effect pushed the dollar even lower. I realize they are trying to stop the panic but their cure is going to be worse then the disease.
I think they should pull the bailout funds from AIG. Nice spa week post bailout just looks crappy. They need to start holding people accountable for this crap.
The market hits 7.5k and is stable for a week I am taking all fund I pulled a year ago and buying back in.
Nice they dropped the rates another 0.5 and in effect pushed the dollar even lower. I realize they are trying to stop the panic but their cure is going to be worse then the disease.
I think they should pull the bailout funds from AIG. Nice spa week post bailout just looks crappy. They need to start holding people accountable for this crap.
serpentman
part time superhero
Jim Kramer made the recommendation Monday that anyone who will need their investment funds in the next 5 yrs should get out immediately. Something like that coming from him doesn't help the panic situation. Personally, I am no where near retirement and plan to continue to invest in my 401K. I figure the returns I will get on buying in at the current levels will more than offset the losses I have taken to date. All of which is assuming my wife and remain employed.
Referencing the AIG spa trip, they (AIG) are claiming this was an event for their top 100 producing independent agents and that no executives were present. Either way, it was ill timed. I realize the need to recognize and reward top performers, but this soon after the bailout was definitely poor timing.
Referencing the AIG spa trip, they (AIG) are claiming this was an event for their top 100 producing independent agents and that no executives were present. Either way, it was ill timed. I realize the need to recognize and reward top performers, but this soon after the bailout was definitely poor timing.
Yeah I don't care what people say about Kramer he is a bit crazy but, he has a lot of pull and a lot of people watch and listen to him. Some say he was responsible for the sell off that morning, I think that is a bit much but people definatly listen when he talks and he did none of us any favors Monday morning.
Ron- 7.5K is a really low number almost 50% off the high... I'm not saying it wont get there- anything is certainly possible when we watch 700 point days go and disappear in a matter of minutes. Either way I don't think we'll see week long stabilization for quite some time regardless of what the DOW is at. The volatility right now is absolutely crazy.
Ron- 7.5K is a really low number almost 50% off the high... I'm not saying it wont get there- anything is certainly possible when we watch 700 point days go and disappear in a matter of minutes. Either way I don't think we'll see week long stabilization for quite some time regardless of what the DOW is at. The volatility right now is absolutely crazy.
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No, I sure thought 9K was a long ways off if ever 3 months ago. So like I said 7.5K isn't highly unlikely. But when it returns, and it will- it generally comes back in a hurry. The majority of the loses are made up very quickly once you hit bottom. I don't think anyone can say where that bottom is untill we are in the process of the quick recovery. Thats what scares me about setting a number to buy at.
Energy costs on the rise was a strong indication of a recession brewing as the gov tries to squash this irrationally because it results in inflation. The weakening of the housing market was seen as early back as the spring of 2007. As for seeing 9k, I was hoping the bailout (that I told everyone here at work needed to be done last spring) would keep us above 10k. But procrastination has started a mess that makes 9k look..... high. At some point the Fed will figure out that you can't increase multiple points in a year without serious financial fallout.
