2008 Financial Thread

[Bossman641]

OK, you guys all seem really knowledgeable so I'm hoping you can help me out. I just graduated and started working a year ago. I want to get into investing and trying to get a pretty good understanding, but it seems overwhelming and I don't really know where to start. Any pointers? Books or anything to read?

Thanks

[MJZiggy]

Well, right now stocks are cheap. I don't know much about it myself, but if the freefall continues, I may buy some index funds...

[HowardRoark]

The blue lagoon is a place to visit.....Iceland is hosed ATM though.

I sold some more gold after the climb this week and dumped it back into large/mid cap that had plummeted. We'll see how it works out long term.....should be a great move though.

Short the Treasuries. long the gold..........the printing press is going to be started.

[Scott Campbell]

I seriously thought I'd never see this in my lifetime.

[mraynrand]

The blue lagoon is a place to visit.....Iceland is hosed ATM though.

I sold some more gold after the climb this week and dumped it back into large/mid cap that had plummeted. We'll see how it works out long term.....should be a great move though.

Short the Treasuries. long the gold..........the printing press is going to be started.

Isn't that where the stock money is going - into T bills? Isn't their yeild really poor. Doesn't that contract everything?

Where is the bottom?

[HowardRoark]

The blue lagoon is a place to visit.....Iceland is hosed ATM though.

I sold some more gold after the climb this week and dumped it back into large/mid cap that had plummeted. We'll see how it works out long term.....should be a great move though.

Short the Treasuries. long the gold..........the printing press is going to be started.

Isn't that where the stock money is going - into T bills? Isn't their yeild really poor. Doesn't that contract everything?

Where is the bottom?

Bills are on the short end.....check out the 10-20 yr range. Rates are going up since last week. Flood of bonds on the market over the next year to fund all this stuff. Lots of stuff for sale=lower price....higher yields. Fed only controls the short end, market controls the long end.

[Kiwon]

Government

[LL2]

At least there is some good news. Gas prices are coming back down. $2.95 here in Chicagoland. My folks in Michigan say they are paying around $2.65. Maybe those SUV's and trucks will start selling again.

[Freak Out]

At least there is some good news. Gas prices are coming back down. $2.95 here in Chicagoland. My folks in Michigan say they are paying around $2.65. Maybe those SUV's and trucks will start selling again.

Great......that's all we need is a comeback for the full sized SUV. Mogas is still $3.50 here and diesel is $4.50.

[Kiwon]

So far, year to year, I'm down 160K.

I leave for Central Asia tomorrow.....several countries that end in "stan."

I hope no one suddenly decides to try and improve their own economic situation and kidnap the American.

I don't have much to offer in the way of ransom.

[Freak Out]

So far, year to year, I'm down 160K.

I leave for Central Asia tomorrow.....several countries that end in "stan."

I hope no one suddenly decides to try and improve their own economic situation and kidnap the American.

I don't have much to offer in the way of ransom.

Stay safe Kiwon.

[LL2]

So far, year to year, I'm down 160K.

I leave for Central Asia tomorrow.....several countries that end in "stan."

I hope no one suddenly decides to try and improve their own economic situation and kidnap the American.

I don't have much to offer in the way of ransom.

Stay safe Kiwon.

Bring a Hookah and you'll be just fine.

http://www.indiamart.com/ajayindustriesindia/smokingaccessories.html

[arcilite]

[LL2]

Well, one of the election results I will be most interested in the how the stock market responds on Wednesday.

[MJZiggy]

It's predicted to get a boost either way the election goes.