| Author | Message | ||
     Crusty |
Once upon a time in a place overrun with monkeys, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest, and started catching them. The man bought thousands at $10 and as supply started to diminish, they became harder to catch, so the villagers stopped their effort. The man then announced that he would now pay $20 for each one. This renewed the efforts of the villagers and they started catching monkeys again. But soon the supply diminished even further and they were ever harder to catch, so people started going back to their farms and forgot about monkey-catching. The man increased his price to $25 each and the supply of monkeys became so sparse that it was an effort to even see a monkey, much less catch one. The man now announced that he would buy monkeys for $50! However, since he had to go to the city on some business, his assistant would now buy on his behalf. While the man was away the assistant told the villagers. "Look at all these monkeys in the big cage that the man has bought. I will sell them to you at $35 each and when the man returns from the city, you can sell them to him for $50 each." The villagers rounded up all their savings and bought all the monkeys. They never saw the man nor his assistant again and once again there were monkeys everywhere. Now you have a better understanding of how the stock market works! | ||
| Azxb9r |
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| Brumbear |
that is the best analogy yet | ||
| Crusty |
Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan. In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song while today shares in Kamikaze Bank were suspended after they nose-dived. While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but they remain in the black. Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal. | ||
| Johnnylunchbox |
Correct me if I'm wrong, but the spirit behind buying a share of a company is that you did just that. However small the percentage of your ownership, you shared in both the profits and losses. Remember dividends? Now the stock market is nothing but a bunch of parasitic speculators who treat shares as if they are scratch off lottery tickets. Whatever happened to a time when you bellieved in a company and wanted to be a part of it? | ||
| Aeholton |
Whatever happened to a time when you bellieved in a company and wanted to be a part of it? Al Gore invented the internet and so began day trading. (Message edited by aeholton on October 24, 2008) | ||
| Court |
Well . . you'll never find a better day than today to get a taste of what happens when the market gets REAL sick. Korea suspended trading for 30 minutes and the SCU has been up since the wee hours trading the UK and watching the futures dive. Greenspan was correct yesterday . . . . once congress got their hands in this pie, we're going to be in it for a while. Cash, once again, is king. | ||
| Reepicheep |
I just put some of that cash back in the market (it's been out since 2003). The trades will be made at end of day today... so let the healing begin monday  I figure the markets have already priced in an Obama victory, so they won't go a LOT further down... and on the slight chance McCain eeks one out, they will get a quick bump. 5 years from now, I expect the market will be back to 10,000. At which point I may get back out again. I have no idea what I am doing so I just tried common sense. A consumer staples stock fund, a value stock fund, and a dividend growth fund (the riskiest of the lot). | ||
| Buellgrrrl |
Ford is under $2 a share and I may buy some today- it'll be a long haul but Ford is the healthiest of the big 3 and has the best chance of surviving and returning to profitability. HOG is down around $20 a share and quite undervalued. Unfortunately management thinks they can ride out this recession and credit crisis with nothing but a production cut. Ford has a plan to return to profitability and is working that plan. If HOG had a viable plan I'd buy, but their management haven't a clue. | ||
| Crusty |
To get back on track: NEW STOCK MARKET TERMS CEO --Chief Embezzlement Officer. CFO-- Corporate Fraud Officer. BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. VALUE INVESTING -- The art of buying low and selling lower. P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. BROKER -- What my broker has made me. STANDARD & POOR -- Your life in a nutshell. STOCK ANALYST -- Idiot who just downgraded your stock. STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. FINANCIAL PLANNER -- A guy whose phone has been disconnected. MARKET CORRECTION -- The day after you buy stocks. CASH FLOW-- The movement your money makes as it disappears down the toilet. YAHOO -- What you yell after selling it to some poor sucker for $240 per share. WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share. INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. PROFIT -- An archaic word no longer in use. | ||
| Court |
The Ford may do well . . . I played Morgan-Stanley for 2 days and it paid off. There bending the branch tempting lots of folks with the fruit . . . | ||
| Thumper74 |
I, like many people here, prefer to buy locally. I've got a Buell and two Fords. While I've been pretty happy with the reliability and innovation in my Buell, I haven't been enamored with my Ford. Working at dealers and in warranty administration, I've seen the good, the bad, and the ugly. I can honestly say, that if I needed to buy my LAST car ever, it wouldn't be anything domestic. It's not that the big three doesn't build anything that gets me going because they do. I love the new Mustang Shelbys, Corvettes, Camaros, Challengers, Chargers, etc. It feels like a new Muscle Car era is coming on. It's reliability, fit and finish, treatment as a Customer, etc that turns me away. As we move in to Generation Y purchasing cars, we're going to move away from brand loyalty, more people reading consumer reports, buying online, etc which, if the Big Three don't clean up their act, will mean the end. |
