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Cadaver-OMO
Dead Man Flying
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 Posted - Sep 29 2008 : 15:07:17
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DJIA -778 points     I could barely get out of the corporate internet portal today with everyone running their stock tickers . At least I pulled my money out of the stocks and filled my garage with gold bars instead 
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Edited by - Cadaver-OMO on Sep 29 2008 15:08:40
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Country: USA
| Posts: 688 |
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Dirtbag-OMO
freakofnature
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Posted - Sep 29 2008 : 18:28:51
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Oh well, I'm in it for the long run and I don't let the ups and downs bother me. Give it a few years and she'll rebound as always.
My bigger concern is what this new trend is going to do with commercial construction. I'm so busy right now I cant see straight. It better keep up so I can pay off some debt from the previous two years. If it goes in the tank, I'm in trouble.
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Country: USA
| Posts: 1325 |
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Bifocal-OMO
Moderator
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Posted - Sep 30 2008 : 06:03:35
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It will come back. We are down but not for the count. The American people can and will bounce back. I believe in our people.
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Country: USA
| Posts: 2863 |
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2Fat
frequent visitor
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 Posted - Sep 30 2008 : 06:59:37
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Besides, who wants to retire
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Nosehair-OMO
Administrator
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Posted - Sep 30 2008 : 07:03:05
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you just lost your second biggest employer BiF. !!!
I'm standing in the center of downtown Charlotte and EVERYONE on the street is talking about W.
Wacovia that is
: )
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Country: USA
| Posts: 5300 |
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Expired-OMO
OMO groupie
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Posted - Sep 30 2008 : 08:47:53
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Cadaver, you kind of got this "Stock Market" thing backwards, you should have bought everything you could yesterday while it was down 700+ and sit on it I promise you after those "IDIOT POLITICO'S" get through grand standing they will pass it by Mon and it will go right back up.
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Always take your Med's
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Country: USA
| Posts: 1063 |
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Cadaver-OMO
Dead Man Flying
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Posted - Sep 30 2008 : 09:53:14
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Nosey, you should hear the hysteria up here over WaMu.
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Country: USA
| Posts: 688 |
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Cadaver-OMO
Dead Man Flying
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Posted - Sep 30 2008 : 09:54:39
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I was joking around, Expired. My approach is the same as Dirtbag's : bend over, put my head between my legs, and enjoy the ride...
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Country: USA
| Posts: 688 |
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Petrified-OMO
Taxing Patience
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Posted - Sep 30 2008 : 12:00:31
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My former employer, IndyMac Bank, was sunk by politicos months back. These happenings do not surprise me.
But, on a brighter side, there is no real gaurantee for retirement and I never really planned to retire anyways.
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Country: USA
| Posts: 7782 |
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Specimen-OMO
OMO stalker
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Posted - Sep 30 2008 : 13:19:37
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I'm in the Freedom 55 program with my investments....yeah just another 55 yrs. :)
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Country: Canada
| Posts: 2859 |
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Cadaver-OMO
Dead Man Flying
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Posted - Sep 30 2008 : 13:26:19
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yeah, retirement just means that you change bosses...
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Country: USA
| Posts: 688 |
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burniste
frequent visitor
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Specimen-OMO
OMO stalker
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Posted - Sep 30 2008 : 15:55:41
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One of the responses to your article Burnsy is to divy up the 850 Billion and give each U.S. citizen over 18 the money.
Crap that's alot of moolah!
quote....
I’m all for this plan – we’d buy our dream home! – That would help the economy! This idea sounds just crazy enough to possibly work, so naturally it won't be given serious consideration. How great is our bureaucracy!! Hi Pals, I'm against the $85,000,000,000.00 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. To make the math simple, let's assume there are 200,000,000 bona fide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up.. So divide 200 million adults 18+ into $85 billion that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend. Of course, it would NOT be tax free. So let's assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family? Pay off your mortgage - housing crisis solved. Repay college loans - what a great boost to new grads Put away money for college - it'll be there Save in a bank - create money to loan to entrepreneurs. Buy a new car - create jobs Invest in the market - capital drives growth Pay for your parent's medical insurance - health care improves Enable Deadbeat Dads to come clean - or else (Not to mention what we’d save in Welfare / Medical / etc, because the leaches would no longer qualify) Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ( 'vote buy' ) economic incentive that is being proposed by one of our candidates for President. If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+! As for AIG - liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up. Here's my rationale. We deserve it and AIG doesn't. Sure it's a crazy idea that can 'never work.' But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Ahhh...I feel so much better getting that off my chest. Kindest personal regards, Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!"......end quote
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Edited by - Specimen-OMO on Sep 30 2008 16:00:19 |
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Country: Canada
| Posts: 2859 |
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Petrified-OMO
Taxing Patience
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Posted - Sep 30 2008 : 19:15:29
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Speci, the math is wrong.
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Country: USA
| Posts: 7782 |
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Dirtbag-OMO
freakofnature
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Posted - Sep 30 2008 : 19:30:20
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Yeah, 425 bucks doesn't go far now.
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Country: USA
| Posts: 1325 |
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HEARTBURN-OMO
Spammer wannabe
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Posted - Sep 30 2008 : 20:00:00
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Well, I've been following the trends on my stuff and I dropped almost 8% the past 2 weeks.
But....where I have really made up for a majority of my losses is I bought gold at 740. Hoping for the $1000.00 this week?
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http://www.entertonement.com/clips/sgxwpvxvjk--I-wipe-my-own-ass |
Edited by - HEARTBURN-OMO on Sep 30 2008 20:01:20 |
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Country: USA
| Posts: 4252 |
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Specimen-OMO
OMO stalker
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Posted - Sep 30 2008 : 20:08:34
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quote:
Originally posted by Petrified-OMO
Speci, the math is wrong.
figures, I didn't check it out. Sorry the double post, at least that's fixed.
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Country: Canada
| Posts: 2859 |
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Bifocal-OMO
Moderator
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Posted - Oct 01 2008 : 05:43:03
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Nose, I lost the phone number and tried to email you and forgot that you blocked me. sorry..
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Country: USA
| Posts: 2863 |
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Nosehair-OMO
Administrator
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Posted - Oct 01 2008 : 08:30:49
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Did I BLOCK you BiF ?!?!?
Sorry I missed you brother. We'll chat it up again some day.
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Country: USA
| Posts: 5300 |
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Expired-OMO
OMO groupie
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Posted - Oct 01 2008 : 08:38:28
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Actually I love the "Stock Market" as it's the reason I was able to retire at 62. Over the years during the early 1970's I purchased around $30,000 of Texas Instruments stock and sold it for $900,000 in Feb 2000. One thing to remember when stock takes a dive you dont lose a whole lot unless you have to sell. The stock market when looked at as a whole over the years has never "LOST MONEY" because over the long run it has always gained [check the charts over a 20-30 year period]. Where it can really bite you in the Ass Big Time is if you are caught short and can't ride out the down turn.
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Always take your Med's
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Country: USA
| Posts: 1063 |
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Bifocal-OMO
Moderator
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Posted - Oct 01 2008 : 09:29:02
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Nose, you said that you would call but did not. What was I to do. As for the blocked E mail it is fine, I don't have anything to send anyway. You can keep it blocked.
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Country: USA
| Posts: 2863 |
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Ouch!
