Here is the sixth conversation I had with money manager Andrew Horowitz. This was recorded after the weird week of market activity. A good discussion on the 1000 point gain…. new insights for anyone who invests in anything. What to do? This chat is not produced and is presented as-is for anyone who wants to listen in.
click ► to listen:
Right click here and select ‘Save Link As…’ to download the mp3 file.
Previous chats:
Heres what I learned: “The Market goes up and the market goes down. You make money when it goes up, and you lose money when it goes down. Over 50 years, you will make money.”
Yep. I am again, as always, impressed with how exactly like gambling the stock market is. And like any dedicated gambler, all the players think they have a system.
If you aren’t big enough to cause moves, you are a sucker except for the 10 year investment.
So much BS layered over a house of cards. Amusing.
Duh… my “well diversified” “professionally managed” portfolio was flowing down the tubes with 3g acceleration this summer, although my “toy portfolio” was up 10% in 6 months.
Lyndon Larouche informs us that the whole shebang is doomed.
What do you when the index is ZERO.
DUMP IT…
the market is affected by THOSE WHO BUY…
NOTHING ELSE..And it should be.
GAS went up as MANY BOUGHT gas commodities…SUCK.
SCREW THE MARKET…PULL OUT..
WATCH it crumble, and THEN BUY..
This is MORE of a MARK to see how much the GUY’ on top will make. ITS STUPID..
DUMP THEM ALL.
I think I saw this a year ago, but I got it just again:
If you had purchased $1,000 of shares in Delta Airlines one year ago, you will have $49.00 today. If you had purchased $1,000 of shares in AIG one year ago, you will have $33.00 today. If you had purchased $1,000 of shares in Lehman Brothers one year ago, you will have $0.00 today. But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the aluminum cans for recycling refund, you will have received a $214.00.
Based on the above, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg.A recent study found that the average American walks about 900 miles a year. Another study found that American beer drinkers drink, on average, 22 gallons of beer a year.
That means that, on average, Americans get about 41 miles to the gallon! Makes you proud to be an American!
Mouse in the works or RAW???
#5,
I could have raided TELEPHONE LINES ground wires and made more then the STOCKS..
Between Aluminum and cooper prices i could have made a small fortune..
Maybe you could trade the caps lock key one of these days.
I still say, Everyone should JUMP out…
Watch it DUMP to what it SHOULD BE.
Then start buying again.
PLEASE PUT THESE IN A FEED ALREADY! GEESH!
Market always moves up and down. It just wont move in straigth path. However, in terms of volatility, we are entering into something “new” although there is nothing new under heaven.
Stock market always moves up and down. It will never move straight up or straight down. It will moves like waves. However, in saying that, we are seeing great volatility in the market recently. I would say that we are entering into a “new” social/business phase although there is nothing new under heaven.