tag:blogger.com,1999:blog-6931353.post312274113086770034..comments2023-10-28T09:25:39.790-04:00Comments on The Atavist: Is it time to panic and kiss your behind goodbye?The Atavisthttp://www.blogger.com/profile/12529157597486952484noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6931353.post-41529312917744645022007-08-20T09:57:00.000-04:002007-08-20T09:57:00.000-04:00The Boy Scouts say it best: "Be prepared."The Boy Scouts say it best: "Be prepared."The Atavisthttps://www.blogger.com/profile/12529157597486952484noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-28091529937029069712007-08-20T06:57:00.000-04:002007-08-20T06:57:00.000-04:00To elaborate, I've pulled most of my investments o...To elaborate, I've pulled most of my investments out of stocks, am dribbling a little into mutual funds, and waiting for a big down-swing so as to catch some of the more durable shares at bargain-basement rates for the next up-cycle.<BR/>The best way to avoid the worst is to be prepared for it as possible, in the assurance that if you're ready for the worst, it seldom happens to you.TheWayfarerhttps://www.blogger.com/profile/15074292938877766871noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-7511129454244087242007-08-14T09:05:00.000-04:002007-08-14T09:05:00.000-04:00Cher: One problem is that a lot of people play th...Cher: One problem is that a lot of people play the market on borrowed money or 'margin' and risk the livelihood of themeslves and their family. There is nothing inherantly wrong with the market, it's just that people get greedy and short-sighted and lose all reason sometimes.<BR/><BR/>Bellezza: Wow. Sorry to hear that. How about darts instead of kisses?<BR/><BR/>Many of today's stockbrokers and money managers have never seen a real downturn and have the opinion that things always go up, all historical evidence and economic reality notwithstanding. Hope things work out for you.The Atavisthttps://www.blogger.com/profile/12529157597486952484noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-32521513683534216382007-08-13T22:16:00.000-04:002007-08-13T22:16:00.000-04:00Just when I'm making jokes about whose ass to kiss...Just when I'm making jokes about whose ass to kiss the mail comes. Apparently, we've lost thousands from our savings in stocks. Now I have a new question: Can I do something to someone's behind that involves no kissing whatsoever?Bellezza https://www.blogger.com/profile/18073864187188953633noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-13189015348217288132007-08-13T18:49:00.000-04:002007-08-13T18:49:00.000-04:00I conquer. I think we've had many warnings on the ...I conquer. I think we've had many warnings on the homefront about many more things than simply our economy. I also don't think this is the big one, but I don't think it's that far off or far fetched to expect a serious economical collapse in the near future. <BR/>Makes me sort of happy now that I've always been a bit too poor to play the stock market :DAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6931353.post-58289541055141277152007-08-13T09:09:00.000-04:002007-08-13T09:09:00.000-04:00Hi, bellezza... nice to hear from you again. Yep,...Hi, bellezza... nice to hear from you again. Yep, mattresses may be back in style for those who are nervous about the security of banks. The problem is simply hiding cash might protect the capital but generates no income -- and the sum is diminished by inflation year after year. If you are going to put anything in the mattress, physical gold and/or silver would be better.<BR/><BR/>And, I agree, kissing one's own behind is certainly way down on the list of things I would like to do.The Atavisthttps://www.blogger.com/profile/12529157597486952484noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-50033314637717495942007-08-12T20:08:00.000-04:002007-08-12T20:08:00.000-04:00It makes sense why people stuck their money in the...It makes sense why people stuck their money in their mattresses sometimes, doesn't it? Plus, do I have to kiss my own behind? Can't I kiss someone else's?Bellezza https://www.blogger.com/profile/18073864187188953633noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-28726838663563683402007-08-11T13:35:00.000-04:002007-08-11T13:35:00.000-04:00Trooper: Your time will come. When real estate m...Trooper: Your time will come. When real estate moves through its inevitable cycle and bottoms out, you will have cash to invest in a home at that time.<BR/><BR/>Galt: As long as you are risking funds no greater than your comfort level, there are definitely some investments that can still make sense. I am out of general stocks almost completely now, except for precious metals stocks and some funds and some energy-based income trusts. When gold and silver take their next big run, there will be kaboodles of cash to be made -- if the stocks you are holding don't peter out to zero first, always a danger in resource-based stocks.<BR/><BR/>Geoff: Nice to hear from you. I remember the collapse in 1989-1990 well. There was a pronouncement from some (I think) Royal LePage guy saying that the housing market was healthy and had a lot of potential left in it, then a few weeks later, people were walking away from $50,000 deposits on condos in Toronto.<BR/><BR/>Sounds familiar, doesn't it. I know people who are trying to unload property in Florida right now. They're not having much luck.<BR/><BR/>Thanks for dropping in, it's always nice to hear from readers.The Atavisthttps://www.blogger.com/profile/12529157597486952484noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-19361450562382278342007-08-11T11:42:00.000-04:002007-08-11T11:42:00.000-04:00Atavist, don't you know that home prices always go...Atavist, don't you know that home prices always go up? I read it in the business section of my newpaper. Well, prices do continue to rise until they don't anymore. I guess people don't remember the late 1980s/early 1990s housing market.<BR/><BR/>This panic/meltdown/correction (or whatever you want to call it) has been building for quite some time. Only recently has it been reported in the media, but lots of people have been bloging about it over the past couple of years. My favorite is housingpanic.blogspot.com.<BR/><BR/>I always enjoy reading your posts. You exhibit something a lot of people don't have.... common sense.geoff29https://www.blogger.com/profile/08616958674422519964noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-6969005912144439822007-08-10T20:49:00.000-04:002007-08-10T20:49:00.000-04:00It's "sell" time, which means pretty soon, it'll b...It's "sell" time, which means pretty soon, it'll be "buy" time.<BR/>I'm actually doing both: Getting rid of OLD mutuals and investing across the board...Only I'm doing the choosing, not the guy that gets part of my divvies!<BR/>All that DJIA stuff is manufactured for mass consumption by the fear-salesmen on the evening news...Somewhere out there, someone's making money, even when most are losing it. The key is finding out where, and getting in early!TheWayfarerhttps://www.blogger.com/profile/15074292938877766871noreply@blogger.comtag:blogger.com,1999:blog-6931353.post-25581476722184143532007-08-10T15:56:00.000-04:002007-08-10T15:56:00.000-04:00Fascinating. I should keep a news window open at ...Fascinating. I should keep a news window open at all times so I catch this stuff sooner! Lately I've been busy with a lot of other things (including work *gasp*). However, I've been buying the National Post a few times a week and actually reading through the Financial section. I figure it would be worth my time to find out what is going on in the financial world to better make decisions for myself.<BR/><BR/>I am not the least surprised about this, however. My instincts have been telling me that things are "too good to be true". Had I bought the condo I was looking at a few months ago, I would probably be okay, but right now I'm pretty happy that I'm not tied into a fat mortgage on a shaky market.<BR/><BR/>Thanks for your insights. It's always nice to hear ideas and opinions from business minded people that I know.Anonymousnoreply@blogger.com