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Why would I do that? I do have a life...I just come on here when I am on the phone or waiting for an email at work...
Plus, I only discovered this website around election time last year.
I have a life too, and it doesn't interfere with making predictions. If you want people to take you seriously here, you need to build a reputation for predictions not made in hindsight.
I notice there's no breakdown on the maturity of these treasuries. The Fed is buying on the long end of the curve, because few in their right mind are clipping coupons for 30 years.
Really?
"NEW YORK, Aug 13 (Reuters) - Investors snapped up a record $15 billion auction of 30-year U.S. government bonds on Thursday, allaying concerns about the risk that foreign buyers may demand much higher yields at sales of longer maturities."
Why don't you folks put your money where your mouth is. I don't believe for one second you're making the kind of money you're claiming and few others do as well. What will be the range of the 10yr by end of year? What will oil be? What will unemployment be?
Chickens!
Quote:
Originally Posted by Pug Life
I'd say screw it and buy 100 shares of Ford stock (or 1000 of Sirius) and hope that the American car market recovers. That way you might make a lot of money. The other options are okay, but none of them have the opportunity to really make money.
I said that on November 5th, 2008.
Had you listened to me:
SIRI went from .25/share to .70/share, almost triple.
Ford went from 2.09/share to 7.74/share, almost quadruple.
That was one of my first days here on this website. So there you go. Following my advice could have made you pretty rich.
I actually waited a couple weeks and invested at .08/share for SIRI and 1.26/share for Ford.
They'll stop extending it soon enough. The bills are coming due and it's getting really hard to sell Treasuries at auctions. The Fed does latent buybacks and other things. Kind of like trying to coast to a gas station 80 miles away. Ain't gonna work.
The whole treasuries auctions are worrying me, too.
Why don't you folks put your money where your mouth is. I don't believe for one second you're making the kind of money you're claiming and few others do as well. What will be the range of the 10yr by end of year? What will oil be? What will unemployment be?
Chickens!
I don't really care whether you believe me or not - but I HAVE put my money where my mouth is. I've been saying a recovery is coming since early April and have been fully invested that entire time - and I've reaped the benefits as a result.
Regarding predictions for the 10 year notes?
Heck I don't know. Maybe 4.5%
I don't really care whether you believe me or not - but I HAVE put my money where my mouth is. I've been saying a recovery is coming since early April and have been fully invested that entire time - and I've reaped the benefits as a result.
Regarding predictions for the 10 year notes?
Heck I don't know. Maybe 4.5%
Oil?
$85 a barrel?
Unemployment?
The official number: 9.8%?
Those are just guesses.
Ken
That's pretty nice. Place questions on your "predictions" to hedge your bet. You belong in politics. Either you're making a prediction or you're not. Which is it?
I should have said that it's a problem for those who are trying to sell their houses, especially if they're trying to sell a home that is worth more than average. They're competing with banks that are holding huge numbers of foreclosed homes, and desperate sellers who are using "short sales" to try to unload their homes.
But a home doesn't have a "worth more than average" price tag. It's simply market value. I hear what you're saying, though.
A home is an investment. Investments go up and they go down. I know for years you'd hear people say home prices will never go down, and I would think who are they kidding (this was before I got into the biz). Unfortunately, it was a lie told to sell more homes, new construction, home improvement projects, and etc. Another reason we should all make educated decisions based on logic.
I'm not saying this has happened to you, so please don't mistake me. I do feel for you and hope you can sell soon!
That's pretty nice. Place questions on your "predictions" to hedge your bet. You belong in politics. Either you're making a prediction or you're not. Which is it?
Sure, I'm making a prediction - but I admit it's just a guess.
Where did I say I was psychic?
The uptick in the economy I saw back in April wasn't a big secret - and I wasn't the only one who saw it. There were lots of indications it was coming - from improvement in the overall LEI to the reduction in the number of monthly job cuts (which peaked in January). That's a big reason the market started rallying.
You just chose to dismiss those indicators.
I can't help that.
Ken
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