Comments on: S&P Falls to 2 Month Lows

By: franklin411

franklin411 — Wed, 08 Jul 2009 17:50:49 +0000

@Nemo
I don’t have a crystal ball. If I have a career I enjoy and am able to practice when I’m 85 or 90, then I can definitely see myself working 60 years. If not, then I’ll be happy to retire ASAP.

Besides, who’s to say what IRA rules there will be in 5 years, let alone 45? Lifespans? 15 years ago, lung cancer was a guaranteed killer in just months. Today, people can live indefinitely as long as the medication keeps working. Who’s to say how long people will live 50 years from now?

@Mannwich
I’ll look into it, but Scottrade has a minimum order of 10 on all bonds. I tried treasuries, municipal bonds, and state bonds, and they were all the same. :(

By: emmanuel117

emmanuel117 — Wed, 08 Jul 2009 13:13:07 +0000

@Mike in Nola

Buy puts on the ETFs, I guess. PIN, EPI.

By: royrogers

royrogers — Wed, 08 Jul 2009 12:35:38 +0000

Pat G. Says:
July 7th, 2009 at 6:13 pm

@John

To me it suggests, no conviction. Where are all the buyers? All that cash sitting on the sidelines? lol
……………………………………

LOL at you, the ones with conviction got slaughtered last year

By: jc

jc — Wed, 08 Jul 2009 10:45:08 +0000

“Sell in May and go away” suffered a rain delay this year. But at least real estate bottomed last month (Cramer) and the economy bottoms in late summer (Krugman) and the green shoots are as high as an elephant’s eye (and so is Kudlow!)

By: Mike in Nola

Mike in Nola — Wed, 08 Jul 2009 10:04:57 +0000

Anyone know of a way to bet against the Indian markets? I had looked at it a month or so ago, but didn’t see a way. The Sensex has doubled since the March lows and India has an analogous problem to the Chinese in being dependent on the US and EU for outsourcing.

By: nemo

nemo — Wed, 08 Jul 2009 06:55:03 +0000

The 60 year time frame remark about your IRA was especially funny, since the IRS requires you to start taking mandatory withdrawals from a traditional IRA when you’re 70 and a half.

By: nemo

nemo — Wed, 08 Jul 2009 06:45:14 +0000

franklin411 sez: “Of course, I have a 45 year time horizon.”

That’s funny, I could have sworn you said recently you had a 60 year time horizon.

Oh here it is. At the same time you said shorting is un-American:

http://www.ritholtz.com/blog/2009/05/nfp-data/
May 8th, 2009 at 10:52 am

“@Mannwich
Yep, I have a small IRA that I play with (60 year time frame). Long only, of course. Shorting is about as un-American as sending money to al Qaeda imo.”

When I read about that 60 year time frame I wondered whether you were 10 years old, or were planning to work until you’re 90.

So maybe next month you’ll be down to a 20 or 30 year time horizon?

By: Whammer

Whammer — Wed, 08 Jul 2009 06:01:40 +0000

@cvienne, I noticed you trolled a little Caddyshack here within the last couple of days too. The last thread was getting too old for me to follow up w/ you on the Palio. So I was watching it on Italian TV last Thursday, and the whole thing ran for an hour and they never got the race started.

They had to cut away for the 8:30 PM news, and I never saw what happened until I found osmething on YouTube.

It looked like the “outside position” horse basically started the race — until that horse got into the starting area, the race would not start. So the jockey on that horse stayed out for an hour at least. I didn’t know what the heck was going on, but it did strike me as quintessentially Italian….

By: Dr. Kenneth Noisewater

Dr. Kenneth Noisewater — Wed, 08 Jul 2009 05:33:20 +0000

What happens when you get a golden cross followed by a death cross less than a month later?

Maybe we’ll find out soon?

(fingers x’d for teh death cross.. And “Death Cross” WBAGNFARB…)

By: Mike in Nola

Mike in Nola — Wed, 08 Jul 2009 04:59:08 +0000

FWIW, summary of latest from Marc Faber. He had turned bullish of stocks and commodites earlier this year, saying the amount of money pumped into the economies could not help but have an effect. Now he seems to be more a little scared of the market, more bearish than bullish, but has no firm conviction.

http://pragcap.com/must-read-latest-marc-faber-update