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I Love this Economy!


Uga_dog1
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A lot of people are not happy with our economy right now and I understand that completley. I realize that our national budget is awful, the job market is horrible, and people are struggling just to put food on the table.

However, for me as a recent college grad with a new job, I'm loving this economy. I need a new car badly and cars are becoming more and more affordable. I'm also looking to buy a house within the next 2 years and right now its obviously a buyers market when it comes to housing/real estate.

I know that I'm probably in the minority here but just remember that just because the economy is bad doesnt mean that its bad for everyone.

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A lot of people are not happy with our economy right now and I understand that completley. I realize that our national budget is awful, the job market is horrible, and people are struggling just to put food on the table.

However, for me as a recent college grad with a new job, I'm loving this economy. I need a new car badly and cars are becoming more and more affordable. I'm also looking to buy a house within the next 2 years and right now its obviously a buyers market when it comes to housing/real estate.

I know that I'm probably in the minority here but just remember that just because the economy is bad doesnt mean that its bad for everyone.

Agreed. I'm busier than ever.

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A lot of people are not happy with our economy right now and I understand that completley. I realize that our national budget is awful, the job market is horrible, and people are struggling just to put food on the table.

However, for me as a recent college grad with a new job, I'm loving this economy. I need a new car badly and cars are becoming more and more affordable. I'm also looking to buy a house within the next 2 years and right now its obviously a buyers market when it comes to housing/real estate.

I know that I'm probably in the minority here but just remember that just because the economy is bad doesnt mean that its bad for everyone.

We'll see how much you love it when your currency is almost worthless.

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My job cant go belly up. I'm a teacher. Your taxes are paying my salary! :D

Think again. My father is a retired prof at Clemson. the staff have been required to take an unpaid five day furlough this year to help counter budget problems. While a teacher is a fairly recession proof job (my wife is one) i wouldn't get too darn smug and happy about it. If things go deep south you might be surprised what becomes unessential. The tenured teachers will last longer than the newbs. ;)

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A lot of people are not happy with our economy right now and I understand that completley. I realize that our national budget is awful, the job market is horrible, and people are struggling just to put food on the table.

However, for me as a recent college grad with a new job, I'm loving this economy. I need a new car badly and cars are becoming more and more affordable. I'm also looking to buy a house within the next 2 years and right now its obviously a buyers market when it comes to housing/real estate.

I know that I'm probably in the minority here but just remember that just because the economy is bad doesnt mean that its bad for everyone.

:huh::huh::huh::huh:

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Great quote. Greed is good?

It's not a popular sentiment these days because it encompasses the collapse of those who weren't fearful when people were greedy, and perpetuated bad/overvalued investments. But as a general rule, this is about the most effective way to avoid bursting bubbles and pursuing buying opportunities when values are depressed.

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Great quote. Greed is good?

Gekko: Well, I appreciate the opportunity you're giving me, Mr. Cromwell, as the single largest shareholder in Teldar Paper, to speak. Well, ladies and gentlemen, we're not here to indulge in fantasy, but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market, when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company! All together, these men sitting up here [Teldar management] own less than 3 percent of the company. And where does Mr. Cromwell put his million-dollar salary? Not in Teldar stock; he owns less than 1 percent. You own the company. That's right -- you, the stockholder. And you are all being royally screwed over by these, these bureaucrats, with their steak lunches, their hunting and fishing trips, their corporate jets and golden parachutes.

Cromwell: This is an outrage! You're out of line, Gekko!

Gekko: Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents, each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out. One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents. The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated. In the last seven deals that I've been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you. I am not a destroyer of companies. I am a liberator of them! The point is, ladies and gentleman, that greed -- for lack of a better word -- is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind. And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.

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It's not a popular sentiment these days because it encompasses the collapse of those who weren't fearful when people were greedy, and perpetuated bad/overvalued investments. But as a general rule, this is about the most effective way to avoid bursting bubbles and pursuing buying opportunities when values are depressed.

True. Vultures are an important part to the eco-system. Indeed, they are a protected species.

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glad things are working for you. i keep hearing bad news from others though. a friend of mine lost a job and was actually on his last dime. he been out of a job for about 17 months. i had to send 200 bucks by money gram to help him out too. the guy even has a BA degree and has had it difficult to find a job.

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As Warren Buffett said, "be fearful when people are greedy, and greedy when people are fearful." It's a great time to be a buyer.

Friday, 28 Nov 2008

Dennis Gartman’s Simple Rules Of Trading

With the market making sharp moves on almost a daily basis it’s nearly impossible to make money. Or is it?

If it seems the pros know something you don’t, that might be because they do! Esteemed investor Dennis Gartman reveals a few of the maxims he lives by.

Rule: Never, Ever, Ever, Under Any Circumstance, Add To A Losing Position

Gartman’s Insights: “Why would you buy something that’s going down? Often times, things go down much more than investors expect. Don’t average in, average up.

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Rule: Think Like A Fundamentalist; Trade Like A Technician

Gartman’s Insights: “You should never buy just because the fundamentals are bullish, the technicals have to be bullish, too! If you can understand that something is going up and see that it’s going up, the odds of succeeding in a trade are much better."

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Rule: There Is Never Just One Cockroach

Gartman’s Insights: “Be careful when others tell you to buy the bad news. When you start hearing bad news in a stock or sector, expect that more bad news is coming.”

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Rule: Do More Of That Which Is Working and Less Of That Which Is Not

Gartman’s Insights: This is one of Gartman’s biggest secrets. "Add to winning trades; cut or eliminate losing ones.” And he feels that maxim applies to other areas of life as well. “If buying your wife flowers makes your lives nicer, buy her more flowers!”

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I'm a soon-to-be grad and I can't find much of anything, I had 8 offers a year ago and now I have none.

I'm in the same spot as you. I finished my BA in June and havent got a single offer, only one interview. THat was for a sports editor job at a small local paper that pays 27K/year, they ended up giving it to someone who has been in the business for 30 years. That shows how bad it is when someone with 30 years experience will take a job at 27K in the northeast.

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I'm in the same spot as you. I finished my BA in June and havent got a single offer, only one interview. THat was for a sports editor job at a small local paper that pays 27K/year, they ended up giving it to someone who has been in the business for 30 years. That shows how bad it is when someone with 30 years experience will take a job at 27K in the northeast.

hopefully the Side job will get you enough traffic to get you off your feet. your problem is the reason i am not 100X into sports journalism/communication. it is also y i got the side job, to get exp, which will hopefully help me get my feet wet to see if i really want to pursue the job.

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