Cash is king .
05-22-2010, 04:17 AM
#1
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10-27-2010, 02:10 PM
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Originally Posted by DYNASTY HVY
J.P. replied "The market....will....fluctuate."
Who the heck knows.
Chuck
11-04-2010, 04:12 AM
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Originally Posted by chuck416
The date on the quoted article was May (the 9th, I think) of 2010. The market has risen almost 2,000 points since then. Maybe stocks will go down. Maybe they'll go up. J.P. Morgan was right, when asked, "Mr. Morgan, what's your prediction for the stock market"
J.P. replied "The market....will....fluctuate."
Who the heck knows.
Chuck
J.P. replied "The market....will....fluctuate."
Who the heck knows.
Chuck
Ally
11-04-2010, 06:20 AM
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Oh sure everybody's an expert. The funniest part of that CNBC piece is the feedback. I'll be in cash when Apple, Chipotle, and the rest of my 'Nuts and bolts" of America portfolio stops returning 14% per month. Every month. Irmc.
11-04-2010, 07:26 PM
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Originally Posted by clipperskipper
Oh sure everybody's an expert. The funniest part of that CNBC piece is the feedback. I'll be in cash when Apple, Chipotle, and the rest of my 'Nuts and bolts" of America portfolio stops returning 14% per month. Every month. Irmc.
One thing I,ve always found interesting is when the wealthy bash others who are also wealthy and no one calls them on it ,just find it peculiar .
Ally
11-04-2010, 08:02 PM
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If you read the CNBC post you would find that most people were in cash, and planned on staying in cash for 2010, I just didn't see it that way. I have a lot of buddies all in cash, sitting on the fence with regards to Wall St. and real estate. Paper is cheap, I don't thing you'll ever see 3% interest rates after 2012. Nobody is bashing anybody, although I think you'll see a good January sell of.
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