burrocrat's Account Talk

Friedman was right when he put things in perspective by saying he would not be concerned about China overtaking the USA, for all their entrepreneurial spirit, as long as they did not have the societal foundation we have in the Declaration of Independence, Constitution including Bill of Rights, Separation of Powers, rule of law, etc. Positive enough? Meanwhile, the longer our internal wrangling over the role of government goes on, the longer being in, versus out, carries unusual risk. Business just needs certainty, not morality. Then again, an updraft is being predicted a week from now. :)
 
Business just needs certainty, not morality.
Certainty, will no sense of morality, is meaningless. The minute government gives business a feeling of certainty, with no morality, that certainty can be pulled out from under them with little to no notice.

I would feel more comfortable having people in government who had our country's best interest at heart and were willing to do even hard things to make it happen. I am being general as I don't want to spark a political discussion. I just wanted to make a quick point (not sure I succeeded). :D
 
Even if this isn't the bottom???

I like bottoms, and tops, just as much as the next guy. Just never been good at picking them, so I focus more on the intensity of the ride.

If you have any hopes of wedding your future to the markets then it is a great time to hitch your wagon to the train, it's building a good head of steam now and about to pick up speed, for better or worse.

Besides it's at a discount to the tune of 6% vs. two days ago, and if you ask real nice the cashier might shave another 2% off at the register today. Today only, going out of business sale down at Manny's Manipulated Market, no reasonable offer refused, Sunday... Sunday... Sunday.
 
I like bottoms, and tops, just as much as the next guy. Just never been good at picking them, so I focus more on the intensity of the ride.

If you have any hopes of wedding your future to the markets then it is a great time to hitch your wagon to the train, it's building a good head of steam now and about to pick up speed, for better or worse.

Besides it's at a discount to the tune of 6% vs. two days ago, and if you ask real nice the cashier might shave another 2% off at the register today. Today only, going out of business sale down at Manny's Manipulated Market, no reasonable offer refused, Sunday... Sunday... Sunday.
Great response. Thanks for the smile. I can only hope for another 2% discount (TSP in G, and ETFs are short).

Good Luck in your trades :D
 
Great response. Thanks for the smile. I can only hope for another 2% discount (TSP in G, and ETFs are short).

Good Luck in your trades :D

So it's your fault then. You know like when everyone is winning money hand over fist at the craps table and then some ahole steps in and puts $1k on the don't pass line then the table starts going to hell? Thanks a lot man, f'n don't bettors.

I'm not making any trades, can't remember when the last one was exactly but it was just before one of the drops. All in, all the way around. And I'm not getting out until it breaks even or goes bust. Either it will be ok or everybody will be broke and it will still be ok, just different. Which do you think will happen first? I'm a patient, man.
 
So it's your fault then. You know like when everyone is winning money hand over fist at the craps table and then some ahole steps in and puts $1k on the don't pass line then the table starts going to hell? Thanks a lot man, f'n don't bettors.

I'm not making any trades, can't remember when the last one was exactly but it was just before one of the drops. All in, all the way around. And I'm not getting out until it breaks even or goes bust. Either it will be ok or everybody will be broke and it will still be ok, just different. Which do you think will happen first? I'm a patient, man.
Nope, don't know craps... I am not hoping the market tanks, I just can't see it NOT tanking... more... and I placed my money where my mouth is. Now, whether that happens today, or next week; let the market tell us. Even if the market goes up a little (or even more than a little), too many very important support lines have been broken on all markets (and let us not ignore new and the economic and market fundamentals), the fact remains that the markets will go down more... sorry :(
 
I believe we may have seen capitulation yesterday when the Dow was off -528. There seems to be some left over selling going on, but that may dry up shortly. Any way that's my bet.
 
Here it is, from the mouth of babes, an 8 year old 3rd grader...

I got another 100%, where is my ice cream?

huh?

yeah, and Mrs. Aaaaa wrote A+ on it too, where is my ice cream?

well, who else got a 100%? you're sh*tting me?

Xxxxxx got one too.

what did Yyyyyy get then?

I don't know we don't get to look at the scores like that.

well, how did you know what Xxxxx got then?

(here's the important part...)

"Dad, A+ people have a way of keeping in touch, and because she told me."

Plain as day, simple right? wtf?

Duh dad...

he got the ice cream, little devil.

Watch out, the kids really think this way now, we're doomed. Finally, back to normal.
 
woohoo, a plus two!

almost back ahead of the double digit down returns.

i know i'm on my way, i can tell everytime i play, it's worth all the dues i pay.


c'mon honey, let's get it up tomorrow too, we got it coming.
 
woohoo, a plus two!

almost back ahead of the double digit down returns.

i know i'm on my way, i can tell everytime i play, it's worth all the dues i pay.


c'mon honey, let's get it up tomorrow too, we got it coming.

That's 2% more than I got yesterday.
 
Here it is, from the mouth of babes, an 8 year old 3rd grader...

I got another 100%, where is my ice cream?

huh?

yeah, and Mrs. Aaaaa wrote A+ on it too, where is my ice cream?

well, who else got a 100%? you're sh*tting me?

Xxxxxx got one too.

what did Yyyyyy get then?

I don't know we don't get to look at the scores like that.

well, how did you know what Xxxxx got then?

(here's the important part...)

"Dad, A+ people have a way of keeping in touch, and because she told me."

Plain as day, simple right? wtf?

Duh dad...

he got the ice cream, little devil.

Watch out, the kids really think this way now, we're doomed. Finally, back to normal.
I was listening to a program that said the millenial generation all thought about the greater good and were focused on everyone pulling together. A success of the education system. Is the next generation regressing?
 
I was listening to a program that said the millenial generation all thought about the greater good and were focused on everyone pulling together. A success of the education system. Is the next generation regressing?

Actually, I think the next generation might be progressing, hey, I'm an optimist.

They seem to have a knack for excelling, and demanding value for it. And networking. Good luck arguing with that, you'll be buying the ice cream next time.

The back to normal part is partly a poke at the previous generations, the kids are out of control and us old folks we're always doomed seems to be a perpetual and rotational thing.

But also an inside joke individual thing because we're about back to normal around here after some bumps in the road. jfc, i might be raising an ethical capitalist, almost as if by accident, talk about good fortune! Just fell right into my lap, sort of.
 
I believe we may have seen capitulation yesterday when the Dow was off -528. There seems to be some left over selling going on, but that may dry up shortly. Any way that's my bet.

Dennis was right in pegging this month's capitulation, it seems.
 
"So if you get your investing mindset right (psychology) then market panic events such as last week are not times to panic, but rather a time to stock up on higher yields courtesy of lower stock prices of between 5% to 15% compared to where they were barely a few weeks ago...consider the yield, which is how you should also approach stock market investing."
 
"So if you get your investing mindset right (psychology) then market panic events such as last week are not times to panic, but rather a time to stock up on higher yields courtesy of lower stock prices of between 5% to 15% compared to where they were barely a few weeks ago...consider the yield, which is how you should also approach stock market investing."

not everyone have money like you birch :)
 
I started with $1K back in 1973 - it just takes time to make money. And a few hard knocks along the way are beneficial as for experience - don't be afraid to invest the fear.
 
Oh yeah, blew right through the -10, and even past the -9! Only 14 more to go before I get back to where I was before the market started kicking my ass really hard, as opposed to just regular hard.

 
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Oh yeah, blew right through the -10, and even past the -9! Only 14 more to go before I get back to where I was before the market started kicking my ass really hard, as opposed to just regular hard.


Wait, something seems wrong here, Mr. Jefferson is way bigger than I remember and the Mrs. is nowhere near as hot or dances as good. I think I done been had here, please, please, please market go up tomorrow.
 
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