Bury your money in a coffee can (markets to open way down today)

[Bill]

Bury your money in a coffee can (markets to open way down today)

Coffee cans eventually rust. An 8" PVC pipe with PCV endcaps will weather the storm better and longer.

I'm ready to get back into the market as it thrashes to find the bottom. What are other's thinking? I was thinking traditional large caps that have been hammered, banks, etc.

I can hear my wife. "We're working with a financial planner and you got a recommendation off a bowhunting web site?????"

[JeffJ]

Source: "Determinants of Portfolio Performance" Journal of Finance

Determinants of Portfolio Performance:

Asset Allocation 91.5%
Market Timing 1.8%
Security Selection 4.6%
Other 2.1%


Seems to me if your asset allocation is right everything else is somewhat irrelevant.

[txdukklr]

Thats right! Who cares about all those hardworking Americans in the oil and gas business who going to lose their jobs. Just as long as your gas is cheap for your 3/4 ton right?

I bet no one in oil and gas is going to lose their job now

auto
homebuilding
retail


big trouble . . . . i love the line on yahoo business that basically says that "experts and analysts can't figure out why the freefall". Yeah because we're a media driven fear mentality economy now not an economy based on solid business metrics and supply and demand.

this is gonna wash up our economy in my opinion, time to buy!!!

[cosmiccowboy]

Coffee cans eventually rust. An 8" PVC pipe with PCV endcaps will weather the storm better and longer.

I'm ready to get back into the market as it thrashes to find the bottom. What are other's thinking? I was thinking traditional large caps that have been hammered, banks, etc.

I can hear my wife. "We're working with a financial planner and you got a recommendation off a bowhunting web site?????"

I think a lot of people are trying to bottom feed and every time the market starts to move up the hedge funds sell into the mini rally. I don't think they are done yet and will continue to drive the market down short term.

[JTS]

I think a lot of people are trying to bottom feed and every time the market starts to move up the hedge funds sell into the mini rally. I don't think they are done yet and will continue to drive the market down short term.

Buffet has admitted to eating quick meals off the buffet right now.. free to do what he wants but it aint like he needs to be shorting to make even more money and helping this crazy market... LOL I love America.

[cosmiccowboy]

closed down 312.62 (-3.6%)

ho hum. just another day on Wall Street.

[Lonestar_HOYT]

I wish I understood the markets better. I do understand that my 401K is worth less than this time last year.

[Bill]

I wish I understood the markets better. I do understand that my 401K is worth less than this time last year.

My Dad used to work in NYC, and commuted-in on the bus with the Wall Street guys. Only he went uptown and was a pearl button dyer in the garment industry. He explained it once to me like this,

"Billy, every share of stock you buy knowing nothing about the company and hoping it will go up, is being sold by somebody who knows about the company, and is only selling it because he either thinks it's going down, or there is a better place to invest his money today".

Tongue-in-cheek but true.

[Agdog]

Legdog, i've been meaning to ask you if I have any money left...so umm do I?

[GARY]

[QUOTE=Convert;989476]Not really. In September there were 10.6 million jobs in Texas. The entire energy industry, which includes wind and other sources, employs approximately 375,000 people. That is only 3.5% of the Texas labor force. And it accounts for 2% of our gross income.

375K jobs in the entire sector? Where you get that data from..? Not questioning you per se, just "shocked" that only 3.5% of the jobs in texas come from energy.