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#254121 - 10/10/08 08:21 AM The Market
Still Offline
Member
MaleSurvivor

Registered: 02/16/07
Posts: 6419
Loc: 2.5 NATO Nations
Hey Buddy, can you spare a dime?

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#254160 - 10/10/08 01:20 PM Re: The Market [Re: Still]
MemoryVault Offline
Member
MaleSurvivor

Registered: 03/01/07
Posts: 693
Loc: NJ
Seriously....safety issues galore.

My future just got much less self-sufficient & secure...big, bad feelings about that.


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#254164 - 10/10/08 01:40 PM Re: The Market [Re: MemoryVault]
Still Offline
Member
MaleSurvivor

Registered: 02/16/07
Posts: 6419
Loc: 2.5 NATO Nations
Yes! Real, honest-to-God grief/fear felt over the self-sufficiency issue!

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#254165 - 10/10/08 01:52 PM Re: The Market [Re: Still]
Still Offline
Member
MaleSurvivor

Registered: 02/16/07
Posts: 6419
Loc: 2.5 NATO Nations
NEWS FROM A SECTOR:

KNOWN effects of the crash so far (known to me):

1) University's endowments/foundations have been smashed to bits.

2) Universities have stopped buying the research my former employer creates and sells.

3) Universities have already had to re-forecast and re-budget based on diminished cash-flow from investments.

4) Universities are forecasting less financially-fit enrollment for the 09 spring semester.

5) Capital projects have greatly been delayed and/or dropped for the time being.

6) Construction companies awarded contracts for building are now without that work.


ANYONE ELSE GOT ANY SECTOR NEWS???

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This nation has lost its mind!

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The Water Buffalo Song

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#254168 - 10/10/08 02:06 PM Re: The Market [Re: Still]
AndyJB2005 Offline
Member
MaleSurvivor

Registered: 11/14/06
Posts: 1242
Loc: Saint Paul, Minnesota
Time to live off the land again like we're supposed to do! ;\) Mother Nature always finds a way! Anyone happen to be starting a commune? lol

_________________________
Life's disappointments are harder to take when you don't know any swear words. -- Calvin (Calvin and Hobbes)

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#254196 - 10/10/08 05:20 PM Re: The Market [Re: AndyJB2005]
Trucker51 Offline
Member
MaleSurvivor

Registered: 05/20/08
Posts: 2826
Loc: Denver, CO
15.9% of all houses in Michigan are in foreclosure, and in Detroit, there are approximately 700 houses for sale for every qualified potential buyer. GM, Ford, and Chrysler are all reducing capacity, shutting down production, and making or planning huge layoffs, because almost nobody can get a car loan. Yesterday GM's stock value was down to its 1949 level, and Ford's was just over $2/share. Morgan Stanley has lost 70% of its stock value in 10 trading sessions. HP recently bought out some computer company and has recently announced huge layoffs, including quite a few more in Michigan. Yesterday Level 3 was down to $1.62/share. Earlier DOW was within 23 points of my earlier DOW 8,000 buy order. Plus I heard that there are a whole bunch more ARMs resetting next year.

In Las Vegas some huge half-completed casino project on the Strip is dead in the water with over 1000 layoffs after they lost their financing recently. Even Citibank reduced the limit on my Heloc by $10K a few weeks ago. So far my credit cards are OK and I am working to reduce my debt too. I now have 5 credit cards with a zero balance and only one above a $900 balance, which only has an 8.9% rate.

Just last week I looked at 10 acres of property 1000 vertical feet up a mountainside a few miles outside of Cripple Creek, CO, which is a gambling and old gold mining town. It includes a seasonal stream, several small pond possibilities, an old abandoned gold mine, and is half treed with a gentle, buildable slope. The property is 300 feet away from a County maintained road and power, and a dirt access road is already in. The asking price was $33,500, and I could get a nice Arctic doublewide or a cabin kit new for $50K delivered. The property taxes on just the land are only $240/year.

Now if I could just sell my house and get my $100K in equity!!!

Wisely I got out of the markets at DOW 11,700 last summer. Would now be a good time to get back in with DOW at 8100???

What about my silver, gold, and Iraqi Dinars???

Why are most other currencies except the Yen falling against the Dollar?

Brazil shut down its markets today to stem a panic and Mexico made an emergency move to stabilize the peso from collapse.

One bright spot is that gasoline is down to $2.89 right down the street.

On the other hand, Walmart's grocery prices are up 20% in the last few weeks.

And here I was thinking retirement at 62. Now it's work til I'm 70 if I'm lucky, or just give-up and move to Cripple Creek.

Go Obama.

Mark

_________________________
"We stay here, we die here. We've got to keep moving". Trucker Mark



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#254209 - 10/10/08 06:05 PM Re: The Market [Re: Trucker51]
Still Offline
Member
MaleSurvivor

Registered: 02/16/07
Posts: 6419
Loc: 2.5 NATO Nations
Originally Posted By: Trucker51

Just last week I looked at 10 acres of property 1000 vertical feet up a mountainside a few miles outside of Cripple Creek, CO, which is a gambling and old gold mining town.


CRIPPLE CREEK? LOL!!!

I'll buy it with you and AndyJB. We can all grow herbal items and invite the Dreadful Great over. I can build a bitchin log cabin too.

_________________________
This nation has lost its mind!

The Aftermath Video

The Water Buffalo Song

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#254222 - 10/10/08 07:47 PM Re: The Market [Re: Still]
Trucker51 Offline
Member
MaleSurvivor

Registered: 05/20/08
Posts: 2826
Loc: Denver, CO
My wife and were thinking an adult cabin/private hot tub resort until the last few weeks. Now I'm worried about the growing season at 9000 feet elevation. If worst comes to worst, we're going to have to be able to grow vegetables and raise sheep and cattle too.

Other places out here are getting $150/night for a 1 BR cabin with a private hot tub. Figure renting 8 cabins on a good Summer weekend would be $2400 or more, which would sure beat growing jalapeno peppers. Plus the old miners used to throw away lots of little scraps of gold back when it was $20/oz. There might be enough left in the mine dump to eke-out a good living there!

Mark

_________________________
"We stay here, we die here. We've got to keep moving". Trucker Mark



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#254232 - 10/10/08 08:25 PM Re: The Market [Re: Trucker51]
Still Offline
Member
MaleSurvivor

Registered: 02/16/07
Posts: 6419
Loc: 2.5 NATO Nations
OR...we could build a retreat lodge and host WoRs. At 9000 ft, no one would really focus much though.

_________________________
This nation has lost its mind!

The Aftermath Video

The Water Buffalo Song

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#254322 - 10/10/08 11:51 PM Re: The Market [Re: Still]
Trucker51 Offline
Member
MaleSurvivor

Registered: 05/20/08
Posts: 2826
Loc: Denver, CO
We could offer mountain climbing on Pikes Peak or on the peak behind the lodge. At high altitude it will be kind of like a mystical experience for the lowlanders, once they are all out of breath. And the casino buffet is right up the road if anyone gets hungry.

It is just 90 minutes from the Colorado Springs airport. Kind of like a little piece of heaven.

And better yet, it is only about 30 minutes away from a Walmart Supercenter!

Just thinking about it is relaxing!

Someday...

Mark

_________________________
"We stay here, we die here. We've got to keep moving". Trucker Mark



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