Randomness

[whitney]

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280544080076#ht_3503wt_1139

damn my iphone slowness :( hope it went to a nice home................

[lowrey]

Ask Jogu.

lol wtf

i rest my case!

[mononon]

that was actually really funny ^

[jogu]

ya it was funny lol

[casem]

Jogu is a poet. He learned his craft from a young snafu.

[Enaml]

I burst out laughing when I read Jogu's response. That doesn't happen often while sitting alone in a room at a computer.

[Faust]

check out the seller's name

[zamb]

unless he decided to only sell that piece and nothing else.........

[sam_tem]

anyone else here get depressed when you start thinking about retirement? it's scary to think about, but what if the US does indeed fall into a slump of low growth as they talk about here: http://www.theatlantic.com/magazine/...ock-myth/8178/

i'd like to do rental properties once i'm done building up reserves in equities, but i just think about all those baby boomer homes that are going to be dumped on the market in the next 20 years and i just have a hard time believing that the next generation has the income to absorb them all at market value even with new immigration reforms.

[cuddly]

finally, got rid of everything tight fitting in my wardrobe.slim pants/jeans is out. less 100% cotton, more mixed material. 2010-2011 is about fitted,but not tight that i cant be comfortable with my clothes.

[Faust]

/\ thanks for the trend report.

[Faust]

anyone else here get depressed when you start thinking about retirement? it's scary to think about, but what if the US does indeed fall into a slump of low growth as they talk about here: http://www.theatlantic.com/magazine/...ock-myth/8178/

i'd like to do rental properties once i'm done building up reserves in equities, but i just think about all those baby boomer homes that are going to be dumped on the market in the next 20 years and i just have a hard time believing that the next generation has the income to absorb them all at market value even with new immigration reforms.

it is scary to think about retirement, indeed. so, i don't. which is stupid of me.

this article though is another matter. i don't know what the author's credentials are, but some stuff that she writes makes her look either ignorant or deceptive. first and foremost - stock markets go through cycles of boom and bust. surely, it's fashionable to sing doomsday songs now, because the economy is fucked, but where was she five years ago? probably singing stock market praises. it all depends on when you retire - do it during the boom and you are fine. do it during the bust and you are screwed. if i held on to that 1,000 shares of Apple I had in 2001 at 10 bucks, I could've sold them today for $250k. I'm a proponent of Warren Buffet type of investing - find an excellent company, a true game changer like Google or Apple, stick your money in it and forget about it until it's time to retire. You will be rewarded.

Besides the big pictures, some other points I take issue with:

1) When everyone believes the same thing it stops happening? Everyone and their dog who works on Wall St. knows that it's exactly the opposite - they even have a name for it, self-fulfilled prophecy. So, if everyone believes that the market will go up, they start dumping money in it, and vice versa. That's why the swings are usually so drastic.

2) Who gives a shit what Americans think about stock performance? If a hedge fund gets you 10% annually, that is considered very, VERY good. Those surveys are meaningless. Who the fuck are they surveying, Joe the Plumber?

3) She contradicts herself. If the 401k's and other pension funds are providing a steady stream of investment money - that fuels demand. So by that logic the stocks should be going up, driven by supply of money that needs to be invested.

4) Her transition to the pension fund portion is nonsense. Professional investors seek safe haven in bonds once the stock market starts tanking, because bonds provide low risk. You suck that in with your Wall. St. mother's milk.

What the fuck? I want her job.

[Fade to Black]

[endersgame]

[Raw]

That was a good episode, bump for the cardi in the classified