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Old 08-04-2011, 02:35 PM
 
Location: State of Being
35,879 posts, read 77,204,447 times
Reputation: 22751

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Quote:
Originally Posted by LaTrang View Post
I took $270,000 out of the S&P 500 about two weeks ago when it was at 1363. When it bottoms out in the high 800's or low 900's, I'll put it back.
Should be a wise strategy. Good luck - hope it makes you some really nice returns.
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Old 08-04-2011, 02:37 PM
 
29,409 posts, read 21,944,554 times
Reputation: 5455
Quote:
Originally Posted by LaTrang View Post
I took $270,000 out of the S&P 500 about two weeks ago when it was at 1363. When it bottoms out in the high 800's or low 900's, I'll put it back.
Once they ensure that QE III is in place you should fire it back in then. Should make some nice bank on that. Good move.
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Old 08-04-2011, 02:37 PM
 
1,019 posts, read 588,039 times
Reputation: 270
Quote:
Originally Posted by anifani821 View Post
Should be a wise strategy. Good luck - hope it makes you some really nice returns.
Thanks.
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Old 08-04-2011, 02:37 PM
 
Location: Tampa Florida
22,229 posts, read 17,804,394 times
Reputation: 4585
SELL, SELL, SELL.....Cut your loses while you can!! Get into gold, errr, silver, err, oil, errr. Oh I don't , just do it please, I would like to lower my price. Also, be sure to make up a story on how wise you were.
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Old 08-04-2011, 02:38 PM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,893 posts, read 18,393,947 times
Reputation: 6465
Quote:
Originally Posted by florida.bob View Post
Wow! The TParty led GOP off to the races, now after the upper middle class. -500


The Tea-Party led GOP off to the races, and OBAMA, LED TO THE FINISH?
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Old 08-04-2011, 02:38 PM
 
29,409 posts, read 21,944,554 times
Reputation: 5455
Looks like you got out too late.
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Old 08-04-2011, 02:39 PM
 
1,019 posts, read 588,039 times
Reputation: 270
Quote:
Originally Posted by california-jewel View Post
And the T P you seem to use, is much too hard. Please get real?
I think he uses sandpaper - about 60-grit.
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Old 08-04-2011, 02:42 PM
 
Location: southwestern USA
1,823 posts, read 2,120,213 times
Reputation: 2440
August and September are historically very bad months for stocks. That being said, it is now a snowball effect::
---bad job and employment numbers
---weak if any economic growth
---poor leadership all around---poor presidential leadership---and even worse legislative
---European eurozone crisis

The list goes on------however, the world invariably looks to the United States for compass, guidance, and comfort. Wrongo----What was put on display for worldwide and national consumption over the past three or four months was nothing short of pathetic.

Our country and the international community both needed structure---a sign that problems can be solved by reasonable who care for reason, rather than slogans or idealogy.

I am not all implying that the current slide is a result of only the farce that was the debt ceiling fiasco----but yikes----did it comfort, reassure,and reinforce to everybody that the backbone and reasoning that has always been America would prevail------heck no.

In case anybody wants to turn future negotiations into another three ringed circus go ahead---a dicombuluted nation and a nervous international community I am sure will be thrilled.
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Old 08-04-2011, 02:45 PM
 
2,488 posts, read 4,313,275 times
Reputation: 2936
It went down 512.76 points!
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Old 08-04-2011, 02:46 PM
 
1,019 posts, read 588,039 times
Reputation: 270
Quote:
Originally Posted by florida.bob View Post
SELL, SELL, SELL.....Cut your loses while you can!! Get into gold, errr, silver, err, oil, errr. Oh I don't , just do it please, I would like to lower my price. Also, be sure to make up a story on how wise you were.

This is where I put it. Goverment Bonds.

G Fund Government Securities 19,876.6892 $13.7143 $272,594.88
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