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Joined: Dec 2008
Posts: 78,300 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Dec 2008
Posts: 78,300 Likes: 1 |
I knew when I got my year-end statements that there was going to be a correction. I did that well in 2013.
BTDT. BFD. YMMV.
^^^^^ This� Market had a 10% correction in 2011, and I think in 2012�though I might be wrong about that. We are still 700 points from a full 10% As soon as the chicken littles start running around screaming " The Sky is Falling"�you need to be buying.
"...the left considers you vermin, and they'll kill you given the chance..." Bristoe
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Joined: Jun 2002
Posts: 131,773 Likes: 21
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 21 |
As soon as the chicken littles start running around screaming " The Sky is Falling"�you need to be buying. This has historically been good advice. It's what the big shots do, and it's worked for them. Of course they are able to make themselves liquid in preparation for these nosedives in a way that most cannot.
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Joined: Sep 2003
Posts: 23,474 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,474 Likes: 8 |
A 5% correction does not make a 1929.
Don't ruin the alarmists fun. If things keep getting cheaper, keep buying, with the intentions to go long.
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Joined: Apr 2006
Posts: 5,687
Campfire Tracker
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Campfire Tracker
Joined: Apr 2006
Posts: 5,687 |
$5.00 silver, sure, if we make it back to a growth rate of 6% on the GDP, but that's not going to happen under the current administration. Or the next one either. Not unless we agree to restructure our debt and abandon this appalling failure known as Neo-liberalism. How much tax revenue we spend on food stamps and welfare checks doesn't really matter in the big picture. Will
Smellin' a lot of 'if' coming off this plan.
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Joined: Mar 2005
Posts: 5,659
Campfire Tracker
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Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
I knew when I got my year-end statements that there was going to be a correction. I did that well in 2013.
BTDT. BFD. YMMV.
I also did very well in 2013 !!! Posted on here in November 2013 asking if should take the $$$ and run. Which is what I did. 
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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Joined: Jan 2001
Posts: 59,170 Likes: 2
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,170 Likes: 2 |
Should a person buy silver? No brass, lead and powder. Best 'market protection' one can buy.. 
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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Joined: Jan 2003
Posts: 1,477
Campfire Regular
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Campfire Regular
Joined: Jan 2003
Posts: 1,477 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market.
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Joined: Mar 2005
Posts: 5,659
Campfire Tracker
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Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
Should a person buy silver? If by silver you mean a silver plated colt, then by all means yes Picking old guns which may go up in value in five years is a lot more fun than picking stocks. But it's just as hard to do.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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Joined: Dec 2008
Posts: 78,300 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Dec 2008
Posts: 78,300 Likes: 1 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. True dat. If I could predict it, Id be posting from Aruba�..
"...the left considers you vermin, and they'll kill you given the chance..." Bristoe
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Joined: Feb 2011
Posts: 26,389 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Feb 2011
Posts: 26,389 Likes: 6 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. Warren Buffet is worth $60 billion.
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Joined: Nov 2007
Posts: 19,722
Campfire Ranger
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Campfire Ranger
Joined: Nov 2007
Posts: 19,722 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. Warren Buffet is worth $60 billion. On paper!
NRA Lifetime Member
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Joined: Mar 2005
Posts: 5,659
Campfire Tracker
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Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. Warren Buffet is worth $60 billion. Warren has been very good at picking stocks. Anyone have his phone #. Need to give him a call. 
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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Joined: Mar 2005
Posts: 5,659
Campfire Tracker
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Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. Warren Buffet is worth $60 billion. Warren has been very good at picking stocks. Anyone have his phone #. Need to give him a call. Well ... Berkshire Hathaway also had a tuff January.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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Joined: Jun 2002
Posts: 131,773 Likes: 21
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 21 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. Warren Buffet is worth $60 billion. He gets inside information.
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Joined: Jan 2003
Posts: 1,477
Campfire Regular
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Campfire Regular
Joined: Jan 2003
Posts: 1,477 |
Warren didn't predict the market, in terms of whether it was going to rise or fall. His strategy was to buy good companies and hang onto them, which is the complete opposite of the guy who tries to time the market, moving in and out of stocks to take advantage of the "next move."
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Joined: Nov 2004
Posts: 17,276
Campfire Ranger
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Campfire Ranger
Joined: Nov 2004
Posts: 17,276 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. Warren Buffet is worth $60 billion. Buffet can manipulate the market. Big difference.
"I have sworn upon the altar of God, eternal hostility against every form of tyranny over the mind of man."
Thomas Jefferson
GeoW, The "Unwoke" ...Let's go Brandon!
"A Well Regulated Militia" Life Member
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Joined: Mar 2005
Posts: 5,659
Campfire Tracker
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Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
If there is anything that research has shown time and time again, it's that no one, and I mean no one, can accurately predict the market. Warren Buffet is worth $60 billion. I believe that happens every day of the week. But it is illegal, just ask Martha Stewart about it.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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Joined: Jan 2001
Posts: 28,390 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2001
Posts: 28,390 Likes: 1 |
I believe Mr. Buffet once said, "if the market is scared, I'm buying. If the market is buying, I'm scared."
"Da market, she go up, den da market, she go down. But in da long run, she gwine up. You jes got's ta live long enough and you be okay." - Jimmie "Spats" Washington
Gunnery, gunnery, gunnery.
Hit the target, all else is twaddle!
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Joined: Feb 2011
Posts: 26,389 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Feb 2011
Posts: 26,389 Likes: 6 |
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Joined: Mar 2005
Posts: 5,659
Campfire Tracker
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Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
Warren didn't predict the market, in terms of whether it was going to rise or fall. His strategy was to buy good companies and hang onto them, which is the complete opposite of the guy who tries to time the market, moving in and out of stocks to take advantage of the "next move." Need to buy good companies and hang onto them. Also buying when the market is low and the price is cheap. However, I am not saying that is easy. If it was easy we would all be rich.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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