Our financial system is crumbling this week.

Chat about non-baseball topics. No political discussions!
Post Reply
User avatar
UK
Perennial All-Star
Posts: 4273
Joined: December 10 06, 6:41 pm
Location: Baseball Purgatory.

Re: Our financial system is crumbling today.

Post by UK »

I think those whose invest or want to invest here should do something similar to a fantasy league as far as stocks.

Pick to 3-5 stocks with 10K avail. and after 90/120 days whomever has the greatest ROI is declared the winner.

Maybe I'm the only one geeky enough to do want to do this?

Gashouse
Perennial All-Star
Posts: 5032
Joined: June 15 06, 6:11 am
Location: Minneapolis

Re: Our financial system is crumbling today.

Post by Gashouse »

UK wrote:I think those whose invest or want to invest here should do something similar to a fantasy league as far as stocks.

Pick to 3-5 stocks with 10K avail. and after 90/120 days whomever has the greatest ROI is declared the winner.

Maybe I'm the only one geeky enough to do want to do this?
That's essentially what Motley Fool CAPS is:

http://caps.fool.com/

You declare up or down for a given time frame. You score points based on the difference between that stock's price and the S&P 500. So, let's say you pick ABC to go down over 3 months, and it goes down 10%. If the SP500 goes down 5% over that same time, then you earn 5 points. But if the sp500 goes down 15%, then you lose 5 points.

Spider John
Hall Of Famer
Posts: 10619
Joined: May 18 06, 10:09 pm
Location: East of the middle of West Tennessee

Re: Our financial system is crumbling today.

Post by Spider John »

Popeye_Card wrote:
stldogget05 wrote:So say you are a youngster with some spare change to invest. What do you do? Jump in because the stock market is low? Stay out, it's going to get worse. Look for some other investments? Help me out here folks.
Based on my experiences last weekend, I rate both hookers and blow as "strong buy" candidates.
Good choices. Essentials such as those will always be in demand regardless of the state of the economy.

User avatar
GatewaySnayke
Hall Of Famer
Posts: 11941
Joined: July 23 06, 11:54 pm
Location: GatewaySnaykebird

Re: Our financial system is crumbling today.

Post by GatewaySnayke »

Boy, it's probably a good idea that Bush didn't get his way with privatizing Social Security, eh?

TimeForGuinness
Hall Of Famer
Posts: 20035
Joined: April 18 06, 7:38 pm

Re: Our financial system is crumbling today.

Post by TimeForGuinness »

GatewaySnayke wrote:Boy, it's probably a good idea that Bush didn't get his way with privatizing Social Security, eh?
That's ok...we aren't getting Social Security anyways...

Image

User avatar
GatewaySnayke
Hall Of Famer
Posts: 11941
Joined: July 23 06, 11:54 pm
Location: GatewaySnaykebird

Re: Our financial system is crumbling today.

Post by GatewaySnayke »

That's true, but the privatized money would be vanishing right now. I'd have to start collecting berries, tilling fields and milking cows to provide for my freaking grandparents.

TimeForGuinness
Hall Of Famer
Posts: 20035
Joined: April 18 06, 7:38 pm

Re: Our financial system is crumbling today.

Post by TimeForGuinness »

Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.

I'll place the over/under on the NYSE fall today at 500 points. I'm leaning towards the over.

EDIT: Right now, it's down 280.
You win, down 504.48

User avatar
BW23
Hall Of Famer
Posts: 13026
Joined: July 7 06, 11:08 pm

Re: Our financial system is crumbling today.

Post by BW23 »

TimeForGuinness wrote:
Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.

I'll place the over/under on the NYSE fall today at 500 points. I'm leaning towards the over.

EDIT: Right now, it's down 280.
You win, down 504.48
That's pretty good (in Popeye's guessing, not that amount that it was down)

User avatar
Popeye_Card
GRB's most intelligent & humble poster
Posts: 29873
Joined: April 17 06, 11:25 am

Re: Our financial system is crumbling today.

Post by Popeye_Card »

BW23 wrote:
TimeForGuinness wrote:
Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.

I'll place the over/under on the NYSE fall today at 500 points. I'm leaning towards the over.

EDIT: Right now, it's down 280.
You win, down 504.48
That's pretty good (in Popeye's guessing, not that amount that it was down)
Yeah, and that was before I even had a cup of coffee this morning. I'm going to quit my job and become a financial predictor guy on CNBC or something.

User avatar
BW23
Hall Of Famer
Posts: 13026
Joined: July 7 06, 11:08 pm

Re: Our financial system is crumbling today.

Post by BW23 »

sans caffeine

Post Reply