S&P downgrades U.S. credit rating

Discussion in 'Free Speech Alley' started by Bengal Buddy, Aug 5, 2011.

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  1. Rex_B

    Rex_B Geaux Time

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    Market down 5% so far. Wow.
     
    Rex_B, Aug 8, 2011
    #81
  2. mobius481

    mobius481 Registered Member

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    Mine's the same as yesterday. All cash. Of course while you all had run ups, I was chillin in the back. It's all very confusing.
     
    mobius481, Aug 8, 2011
    #82
  3. red55

    red55 curmudgeon Staff Member

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    No, I oppose you trying to argue both sides of an issue. Let me argue my side. You argue yours, if you have one.

    No, I'm trying to avoid absurd pronouncements like the one you just posted. It has nothing to do with the argument that you were losing. It's just an attempt to steer the thread into one of your pet issues that bore everybody. Stay on the topic. I'm past being baited by your silly chit.
     
    red55, Aug 8, 2011
    #83
  4. red55

    red55 curmudgeon Staff Member

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    It's part of the game. I carried a lot of cash during the 2008 crash and made out like a bandit. However I do not expect to time it like that regularly. I've lost 60 grand in the last week but it was all profits made since January. I have to keep that in perspective.

    Funny how it seems like funny money when I am taking profits every day, but when I take losses it seems like I've been robbed!
     
    red55, Aug 8, 2011
    #84
  5. Rwilliams

    Rwilliams Veteran Member

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    If I would have lost 60k in a week I would cry big fat tears enough to fill a bathtub. My god how can you just take that in stride. Damn! I feel bad for you.
     
    Rwilliams, Aug 8, 2011
    #85
  6. mobius481

    mobius481 Registered Member

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    When I have money invested in the market and it's going up, every day is like Christmas. When it's going down, I don't watch and i definitely don't calculate how much I've lost. That would create this...:bncry:

    :thumb:
     
    mobius481, Aug 8, 2011
    #86
  7. mobius481

    mobius481 Registered Member

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    I read last week about that mexican dude named slim or whatever. New richest man in the world, lost 8 billion in 4 days. Wonder how he did today.
     
    mobius481, Aug 8, 2011
    #87
  8. SabanFan

    SabanFan The voice of reason

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    Raising the debt ceiling WAS the problem. It just allows the government to borrow more money that it can't pay back. All the Tea Party wants is to stop borrowing money we can't pay back and to quit spending money we don't have. The Tea Party is the only one making any sense in this whole matter. Some day when you grow up and have money invested you will understand.
     
    SabanFan, Aug 8, 2011
    #88
  9. SabanFan

    SabanFan The voice of reason

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    As of Friday I had lost about $11,000. I haven't looked today. I have one fund that made 20% in the past year and another that made 30% so, like you, I'm giving back what I made, but it still makes me want to puke because it's due to ignorant leadership, starting with Obama/Geithner.
     
    SabanFan, Aug 8, 2011
    #89
  10. luvdimtigers

    luvdimtigers Founding Member

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    No doubt, something has to be done about the deficit spending, and serious cuts have to be made to SS, medicare, defense.

    the problem with the Tea party is that Obama agreed to a 3 to 1 spending cuts to tax increases, and the tea party refused, even if the tax increases were due to closing loopholes

    If i have to work until I'm 70 before i can draw SS, ok, it's better than nothing at all, but goddamn it, GE has to pay some taxes, and Carnival Cruise lines has to pay more that 1%.

    Most americans agree, and fault the tea party for wanting it all in cuts
     
    luvdimtigers, Aug 8, 2011
    #90
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