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Off Topic => Ten Forward => Topic started by: JMM on April 28, 2004, 04:38:00 pm

Title: Thank you Nortel
Post by: JMM on April 28, 2004, 04:38:00 pm
Wonderful day on the market due to yet another major corp. scandal, Bush's war on Iraq, fears of interest rate hikes, and economic slowdown in China.

http://biz.yahoo.com/rb/040428/markets_stocks_30.html

http://news.yahoo.com/news?tmpl=story&u=/ap/20040428/ap_on_bi_ge/nortel_ceo

I wish I knew a little about investing in the days of Clinton's era, the NASDAQ hit an all time high of 5,500 something! We have been hovering around 2,000 lately and now today we sunk even lower.    
Title: Re: Thank you Nortel
Post by: GE-Raven on April 28, 2004, 05:22:12 pm
No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
 
Title: Re: Thank you Nortel
Post by: Kmelew on April 28, 2004, 05:41:38 pm
Some investors look at a bear market and say "Fire Sale!"  
Title: Re: Thank you Nortel
Post by: Sethan on April 28, 2004, 05:57:09 pm
Quote:

Some investors look at a bear market and say "Fire Sale!"  



Yep.  I remember buying Cisco at $11 / share after 9/11.
Title: Re: Thank you Nortel
Post by: Dracho on April 28, 2004, 07:05:33 pm
Yep.. In Clinton's day a company's stock might be worth $100 million, while it's physical assets and revenue stream represented $10 million.  It's a miracle the crash wasn't worse that it was.    It's back to getting higher stock prices the old fashioned way.. by increasing your corporate earnings..

BTW, did you know the .41 cents per gallon  excise tax on gasoline represents 200x the net earnings of all American Oil companies, COMBINED?    
Title: Re: Thank you Nortel
Post by: Barabbas on April 28, 2004, 10:36:03 pm
Quote:

No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
   




Thank you, Raven....

 
Title: Re: Thank you Nortel
Post by: jualdeaux on April 29, 2004, 02:13:39 pm
Quote:

No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
   



My sentiments exactly. I believe the technical name for that part of the '90s was "The Greater Fool Theory."
Title: Thank you Nortel
Post by: JMM on April 28, 2004, 04:38:00 pm
Wonderful day on the market due to yet another major corp. scandal, Bush's war on Iraq, fears of interest rate hikes, and economic slowdown in China.

http://biz.yahoo.com/rb/040428/markets_stocks_30.html

http://news.yahoo.com/news?tmpl=story&u=/ap/20040428/ap_on_bi_ge/nortel_ceo

I wish I knew a little about investing in the days of Clinton's era, the NASDAQ hit an all time high of 5,500 something! We have been hovering around 2,000 lately and now today we sunk even lower.    
Title: Re: Thank you Nortel
Post by: GE-Raven on April 28, 2004, 05:22:12 pm
No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
 
Title: Re: Thank you Nortel
Post by: Kmelew on April 28, 2004, 05:41:38 pm
Some investors look at a bear market and say "Fire Sale!"  
Title: Re: Thank you Nortel
Post by: Sethan on April 28, 2004, 05:57:09 pm
Quote:

Some investors look at a bear market and say "Fire Sale!"  



Yep.  I remember buying Cisco at $11 / share after 9/11.
Title: Re: Thank you Nortel
Post by: Dracho on April 28, 2004, 07:05:33 pm
Yep.. In Clinton's day a company's stock might be worth $100 million, while it's physical assets and revenue stream represented $10 million.  It's a miracle the crash wasn't worse that it was.    It's back to getting higher stock prices the old fashioned way.. by increasing your corporate earnings..

BTW, did you know the .41 cents per gallon  excise tax on gasoline represents 200x the net earnings of all American Oil companies, COMBINED?    
Title: Re: Thank you Nortel
Post by: Barabbas on April 28, 2004, 10:36:03 pm
Quote:

No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
   




Thank you, Raven....

 
Title: Re: Thank you Nortel
Post by: jualdeaux on April 29, 2004, 02:13:39 pm
Quote:

No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
   



My sentiments exactly. I believe the technical name for that part of the '90s was "The Greater Fool Theory."
Title: Thank you Nortel
Post by: JMM on April 28, 2004, 04:38:00 pm
Wonderful day on the market due to yet another major corp. scandal, Bush's war on Iraq, fears of interest rate hikes, and economic slowdown in China.

http://biz.yahoo.com/rb/040428/markets_stocks_30.html

http://news.yahoo.com/news?tmpl=story&u=/ap/20040428/ap_on_bi_ge/nortel_ceo

I wish I knew a little about investing in the days of Clinton's era, the NASDAQ hit an all time high of 5,500 something! We have been hovering around 2,000 lately and now today we sunk even lower.    
Title: Re: Thank you Nortel
Post by: GE-Raven on April 28, 2004, 05:22:12 pm
No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
 
Title: Re: Thank you Nortel
Post by: Kmelew on April 28, 2004, 05:41:38 pm
Some investors look at a bear market and say "Fire Sale!"  
Title: Re: Thank you Nortel
Post by: Sethan on April 28, 2004, 05:57:09 pm
Quote:

Some investors look at a bear market and say "Fire Sale!"  



Yep.  I remember buying Cisco at $11 / share after 9/11.
Title: Re: Thank you Nortel
Post by: Dracho on April 28, 2004, 07:05:33 pm
Yep.. In Clinton's day a company's stock might be worth $100 million, while it's physical assets and revenue stream represented $10 million.  It's a miracle the crash wasn't worse that it was.    It's back to getting higher stock prices the old fashioned way.. by increasing your corporate earnings..

BTW, did you know the .41 cents per gallon  excise tax on gasoline represents 200x the net earnings of all American Oil companies, COMBINED?    
Title: Re: Thank you Nortel
Post by: Barabbas on April 28, 2004, 10:36:03 pm
Quote:

No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
   




Thank you, Raven....

 
Title: Re: Thank you Nortel
Post by: jualdeaux on April 29, 2004, 02:13:39 pm
Quote:

No personal offense intended, but I kinda wish you knew more about investing now.  Right now is a pretty darn good time to be buying, by man peoples assumption.  If you had invested and not gotten out of many stocks that made the nasdaq 5,500 you would be broke now.

There are some great books I could recomend to you if you would like.

GE-Raven
   



My sentiments exactly. I believe the technical name for that part of the '90s was "The Greater Fool Theory."