Down almost 1000 Points since election day.
http://finance.yahoo.com/q?s=%5EDJI
*************************************************
Barack Obama is not My President
Author: Leland F. Jackson, CPA
Posted: 2008-11-11 13:35:59 Link
The stock market topped out with the DJ IA a little over 14,000, before
it started its slide. I wouldn't be surprised to see the DJ IA go to
7,000, losing half its previous highs. The DJ IA is made up of 30 blue
chip corporate stocks, (eg .http://nyjobsource.com/djia.html ). I'm
guessing the average portfolio will likewise lose half its previous
highs, before we hit bottom, but some portfolios will do better and
other worse.
All the losses are paper loses, unless the stock is actually sold, so
I'm going to hold on to my stocks, selling as little as possible while
the market is down. Also, I'll invest as much as I can right now, while
stocks are down, then when the market recovers, I can splurge and enjoy
some of my gains. I'm strictly a long term investor. Right now the
DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over the next 10
to 15 years years the DJIA will probably go to 28,000.
Regards,
LelandJ
Michael Madigan wrote:
> Down almost 1000 Points since election day.
>
> http://finance.yahoo.com/q?s=%5EDJI
>
> *************************************************
> Barack Obama is not My President
>
> http://www.cafepress.com/rightwingmike
>
>
[excessive quoting removed by server]
Not if Obama is in power
*************************************************
Barack Obama is not My President
http://www.cafepress.com/rightwingmike
--- On Tue, 11/11/08, Leland F. Jackson, CPA <lelandj@mail.smvfp.com> wrote:
> From: Leland F. Jackson, CPA <lelandj@mail.smvfp.com>
> Subject: Re: [OT] Dow Jones Continues Obama Slide
> To: "ProFox Email List" <profox@leafe.com>
> Date: Tuesday, November 11, 2008, 1:35 PM
> The stock market topped out with the DJ IA a little over
> 14,000, before
> it started its slide. I wouldn't be surprised to see
> the DJ IA go to
> 7,000, losing half its previous highs. The DJ IA is made
> up of 30 blue
> chip corporate stocks, (eg
> .http://nyjobsource.com/djia.html ). I'm
> guessing the average portfolio will likewise lose half its
> previous
> highs, before we hit bottom, but some portfolios will do
> better and
> other worse.
>
> All the losses are paper loses, unless the stock is
> actually sold, so
> I'm going to hold on to my stocks, selling as little as
> possible while
> the market is down. Also, I'll invest as much as I can
> right now, while
> stocks are down, then when the market recovers, I can
> splurge and enjoy
> some of my gains. I'm strictly a long term investor.
> Right now the
> DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over
> the next 10
> to 15 years years the DJIA will probably go to 28,000.
>
> Regards,
>
> LelandJ
>
> Michael Madigan wrote:
> > Down almost 1000 Points since election day.
> >
> > http://finance.yahoo.com/q?s=%5EDJI
> >
> > *************************************************
> > Barack Obama is not My President
> >
> > http://www.cafepress.com/rightwingmike
> >
> >
[excessive quoting removed by server]
That's conventional wisdom... which is almost always wrong. Sorry to say.
When the foreigners stop buying our paper, our addiction to deficit spending will have to come to an end... unless we just print money. If we do that, all we'll get is inflation and even if the DOW hits 50,000, the money made will not represent much of an increase.
Some certificates look interesting, maybe you can paper your walls with them.
Larry Miller
----- Original Message -----
From: Leland F. Jackson, CPA
To: ProFox Email List
Sent: Tue, 11 Nov 2008 18:35:59 +0000 (UTC)
Subject: Re: [OT] Dow Jones Continues Obama Slide
The stock market topped out with the DJ IA a little over 14,000, before
it started its slide. I wouldn't be surprised to see the DJ IA go to
7,000, losing half its previous highs. The DJ IA is made up of 30 blue
chip corporate stocks, (eg .http://nyjobsource.com/djia.html ). I'm
guessing the average portfolio will likewise lose half its previous
highs, before we hit bottom, but some portfolios will do better and
other worse.
All the losses are paper loses, unless the stock is actually sold, so
I'm going to hold on to my stocks, selling as little as possible while
the market is down. Also, I'll invest as much as I can right now, while
stocks are down, then when the market recovers, I can splurge and enjoy
some of my gains. I'm strictly a long term investor. Right now the
DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over the next 10
to 15 years years the DJIA will probably go to 28,000.
Regards,
LelandJ
Michael Madigan wrote:
> Down almost 1000 Points since election day.
>
> http://finance.yahoo.com/q?s=%5EDJI
>
> *************************************************
> Barack Obama is not My President
>
> http://www.cafepress.com/rightwingmike
>
>
[excessive quoting removed by server]
Like GM. LOL
*************************************************
Barack Obama is not My President
http://www.cafepress.com/rightwingmike
--- On Tue, 11/11/08, Larry Miller <richmondeagle@comcast.net> wrote:
> From: Larry Miller <richmondeagle@comcast.net>
> Subject: Re: [OT] Dow Jones Continues Obama Slide
> To: "ProFox Email List" <profox@leafe.com>
> Date: Tuesday, November 11, 2008, 3:26 PM
> That's conventional wisdom... which is almost always
> wrong. Sorry to say.
>
> When the foreigners stop buying our paper, our addiction to
> deficit spending will have to come to an end... unless we
> just print money. If we do that, all we'll get is
> inflation and even if the DOW hits 50,000, the money made
> will not represent much of an increase.
>
> Some certificates look interesting, maybe you can paper
> your walls with them.
>
> Larry Miller
>
>
> ----- Original Message -----
> From: Leland F. Jackson, CPA
> To: ProFox Email List
> Sent: Tue, 11 Nov 2008 18:35:59 +0000 (UTC)
> Subject: Re: [OT] Dow Jones Continues Obama Slide
>
> The stock market topped out with the DJ IA a little over
> 14,000, before
> it started its slide. I wouldn't be surprised to see
> the DJ IA go to
> 7,000, losing half its previous highs. The DJ IA is made
> up of 30 blue
> chip corporate stocks, (eg
> .http://nyjobsource.com/djia.html ). I'm
> guessing the average portfolio will likewise lose half its
> previous
> highs, before we hit bottom, but some portfolios will do
> better and
> other worse.
>
> All the losses are paper loses, unless the stock is
> actually sold, so
> I'm going to hold on to my stocks, selling as little as
> possible while
> the market is down. Also, I'll invest as much as I can
> right now, while
> stocks are down, then when the market recovers, I can
> splurge and enjoy
> some of my gains. I'm strictly a long term investor.
> Right now the
> DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over
> the next 10
> to 15 years years the DJIA will probably go to 28,000.
>
> Regards,
>
> LelandJ
>
> Michael Madigan wrote:
> > Down almost 1000 Points since election day.
> >
> > http://finance.yahoo.com/q?s=%5EDJI
> >
> > *************************************************
> > Barack Obama is not My President
> >
> > http://www.cafepress.com/rightwingmike
> >
> >
[excessive quoting removed by server]
Author: Leland F. Jackson, CPA
Posted: 2008-11-11 16:15:54 Link
The current crises seem to be a result of bank and insurance company
exposure from derivative risk. The first link below goes into an
explanation of derivatives. The seconds link is a little outdated, but
give some sence of the enormity of the derivative exposure by some of
America's major banks; the risk to insurance companies like AIG
excluded. The third link below is titled "Derivatives & The Stock
Market: What You Need to Know". The forth link has to do with "Credit
Default Swaps", a kind of derivate in which the major banks and some
insurance companies had far too great an exposure, where they were
writing contract that paid off in the event of loan defaults like mortgages.
Essentially a derivative is a bet, just like you might make in Las
Vegas, and some banks making markets in these kinds of bets lost big time.
#----------------------------------------
Definition: Derivative: A financial contract whose value is derived
from the performance of assets, interest rates, currency exchange rates,
or indexes. Derivative transactions include a wide assortment of
financial contracts including structured debt obligations and deposits,
swaps, futures, options, caps, floors, collars, forwards and various
combinations thereof.
http://en.wikipedia.org/wiki/Derivative_(finance)
http://www.gold-eagle.com/editorials_00/ci091500.html
http://www.relfe.com/derivatives.html
http://en.wikipedia.org/wiki/Credit_default_swap
#--------------------------------------
Regards,
LelandJ
Larry Miller wrote:
> That's conventional wisdom... which is almost always wrong. Sorry to say.
>
> When the foreigners stop buying our paper, our addiction to deficit spending will have to come to an end... unless we just print money. If we do that, all we'll get is inflation and even if the DOW hits 50,000, the money made will not represent much of an increase.
>
> Some certificates look interesting, maybe you can paper your walls with them.
>
> Larry Miller
>
>
> ----- Original Message -----
> From: Leland F. Jackson, CPA
> To: ProFox Email List
> Sent: Tue, 11 Nov 2008 18:35:59 +0000 (UTC)
> Subject: Re: [OT] Dow Jones Continues Obama Slide
>
> The stock market topped out with the DJ IA a little over 14,000, before
> it started its slide. I wouldn't be surprised to see the DJ IA go to
> 7,000, losing half its previous highs. The DJ IA is made up of 30 blue
> chip corporate stocks, (eg .http://nyjobsource.com/djia.html ). I'm
> guessing the average portfolio will likewise lose half its previous
> highs, before we hit bottom, but some portfolios will do better and
> other worse.
>
> All the losses are paper loses, unless the stock is actually sold, so
> I'm going to hold on to my stocks, selling as little as possible while
> the market is down. Also, I'll invest as much as I can right now, while
> stocks are down, then when the market recovers, I can splurge and enjoy
> some of my gains. I'm strictly a long term investor. Right now the
> DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over the next 10
> to 15 years years the DJIA will probably go to 28,000.
>
> Regards,
>
> LelandJ
>
> Michael Madigan wrote:
>
>> Down almost 1000 Points since election day.
>>
>> http://finance.yahoo.com/q?s=%5EDJI
>>
>> *************************************************
>> Barack Obama is not My President
>>
>> http://www.cafepress.com/rightwingmike
>>
>>
>>
[excessive quoting removed by server]
That's one of the factors, but hardly the only one. Aint greed a wonderful thing!
Larry Miller
----- Original Message -----
From: Leland F. Jackson, CPA
To: ProFox Email List
Sent: Tue, 11 Nov 2008 21:15:54 +0000 (UTC)
Subject: Re: [OT] Dow Jones Continues Obama Slide
The current crises seem to be a result of bank and insurance company
exposure from derivative risk. The first link below goes into an
explanation of derivatives. The seconds link is a little outdated, but
give some sence of the enormity of the derivative exposure by some of
America's major banks; the risk to insurance companies like AIG
excluded. The third link below is titled "Derivatives & The Stock
Market: What You Need to Know". The forth link has to do with "Credit
Default Swaps", a kind of derivate in which the major banks and some
insurance companies had far too great an exposure, where they were
writing contract that paid off in the event of loan defaults like mortgages.
Essentially a derivative is a bet, just like you might make in Las
Vegas, and some banks making markets in these kinds of bets lost big time.
#----------------------------------------
Definition: Derivative: A financial contract whose value is derived
from the performance of assets, interest rates, currency exchange rates,
or indexes. Derivative transactions include a wide assortment of
financial contracts including structured debt obligations and deposits,
swaps, futures, options, caps, floors, collars, forwards and various
combinations thereof.
http://en.wikipedia.org/wiki/Derivative_(finance)
http://www.gold-eagle.com/editorials_00/ci091500.html
http://www.relfe.com/derivatives.html
http://en.wikipedia.org/wiki/Credit_default_swap
#--------------------------------------
Regards,
LelandJ
Larry Miller wrote:
> That's conventional wisdom... which is almost always wrong. Sorry to say.
>
> When the foreigners stop buying our paper, our addiction to deficit spending will have to come to an end... unless we just print money. If we do that, all we'll get is inflation and even if the DOW hits 50,000, the money made will not represent much of an increase.
>
> Some certificates look interesting, maybe you can paper your walls with them.
>
> Larry Miller
>
>
> ----- Original Message -----
> From: Leland F. Jackson, CPA
> To: ProFox Email List
> Sent: Tue, 11 Nov 2008 18:35:59 +0000 (UTC)
> Subject: Re: [OT] Dow Jones Continues Obama Slide
>
> The stock market topped out with the DJ IA a little over 14,000, before
> it started its slide. I wouldn't be surprised to see the DJ IA go to
> 7,000, losing half its previous highs. The DJ IA is made up of 30 blue
> chip corporate stocks, (eg .http://nyjobsource.com/djia.html ). I'm
> guessing the average portfolio will likewise lose half its previous
> highs, before we hit bottom, but some portfolios will do better and
> other worse.
>
> All the losses are paper loses, unless the stock is actually sold, so
> I'm going to hold on to my stocks, selling as little as possible while
> the market is down. Also, I'll invest as much as I can right now, while
> stocks are down, then when the market recovers, I can splurge and enjoy
> some of my gains. I'm strictly a long term investor. Right now the
> DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over the next 10
> to 15 years years the DJIA will probably go to 28,000.
>
> Regards,
>
> LelandJ
>
> Michael Madigan wrote:
>
>> Down almost 1000 Points since election day.
>>
>> http://finance.yahoo.com/q?s=%5EDJI
>>
>> *************************************************
>> Barack Obama is not My President
>>
>> http://www.cafepress.com/rightwingmike
>>
>>
>>
[excessive quoting removed by server]