Recovery Sooner Than Later?
The market is supposed to be a forward-looking discounting machine. It’s supposed to price in what’s expected to happen over the next few months and years. Is the market perfect at this? No. If it were, there would be no real opportunity to do well in it. The market is, however, very good at incorporating…
That now makes you 0 for 4, Cobblehiller.
No other name. Just the one.
You are REALLY reaching for straws here, aren’t ya?
11217 is reacting (overreacting, maybe) to hannible’s and others’ insistence that the fact that they didn’t buy during the “boom” somehow affirms their brilliance (as opposed to, much more likely, that they just couldn’t afford it), and that those who did are idiots. many of us aren’t stupid – in fact, far from it. we worked really hard to buy conservatively in the market we were faced with, and took some risk in doing so. to act as if the fact that you didn’t buy is because you somehow predicted the mess we’re currently in, as opposed to because you couldn’t afford it and/or were entirely risk averse is so self-congratulatingly false it’s just annoying.
and she does call it park slope. jay-z calls it home, at least if he ever moves into his place at OPP (investment, at least). DIBS, i invite you to come say that to foxy’s face! if you dare…
And some of those people are receiving severance and have not yet shown up on the unemployed side of things yet.
I’m sure we’ll see that 5.7% figure go higher.
rob…pick any number…94, 93, 92, 91,90,89,….85. The vast majority of people in NYC and the country as a whole, are, in fact, employed.
And denton, as long as he leaves it in the market it will go up some point and eventually will be more than the original principal.
>>11271 — I would love to hear from you when you are over 45 and have been laid off for the third or fourth time. There are planty of people who have worked very hard for a long time and are unemployed through no fault of their own (and, yes, many with MBAs etc.). Arrogance is unbecoming….>>
BH76, I’m 54 and have been employed full-time continuously since the age of 15-1/2 and have never been fired or laid off. Part of that is that I’ve stayed away from large corporations and have chosen situations, including ownership situations, where I am in control of my destiny.
Having said that, I have the greatest sympathy for those that have lost their jobs, especially in companies where upper management has walked away with millions.
Do you typically use another name here 11217? The tone of your posts is starting to remind me of someone.
actually denton im 31. my Sweet Sixteen x 2 is this february 9th. woo woo! yeah im celebrating a sweet sixteen party at 32. deal with it.
*rob*
Well 94% of people who are interested in working.
We obviously don’t count children, elderly, etc.
You know what I’m saying.
>Not if it was in a balanced portfolio denton. Which it should be. Treasuries are up in price overr the last few years.>
DIBS, I believe with Rob being thirty or less, standard financial advice would be 70% equities, 30% bonds. Some of the equities would be overseas and some of the bonds high-yield, both of which have done even worse than the S&P.
Still, good point. I’ll revise my estimate of $2600>$1500 up to $2600>$1800.
🙂