ATV Florida Forum

Gas is expected to go below $3 per gallon.  That will surely help everyone...

And as for Stock Market, in a sense, I see it a shift in wealth.  Sure it may even go lower, but in time, (don't forget it still went lower than this on 9-11, and in less time, they had to close the Stock Market); Stocks will go up.  I heard like GM was $5 per share today, I am seriously thinking, not a lot, but perhaps just a little buying stock now, while it is so low.  If it gets so bad, that GM is fails, and major corps like GM go under, we are all done, I honestly feel in time they will come back up, perhaps 2 - 3 - or even 5 years, but just like the homes it is a buyers market....  That's just my opinion.

The other good news....  Going to camp this weekend, so I will get all this built up energy out, be happy, be in the woods, and hear no news for 2 days...  So I leave it up to you all to have it...

Seriously though folks, I know I have my opinions, and I know that I am just a little bit outspoken, but I hope you all know, it all good!!!  Even w/you fishy - lol.... ;)

Yeah thats good. Its 3.39 here and falling daily. The market has taken a big punch but as always it will recover. People just like you will see oportunity and by next year it will be shooting back up every day.

Careful & wait on the markets. Its not over till its over look at a large co like GE.

"The US automakers just got a quiet 25 billion bail out as everyone was focused on the wall st bailout.  Watch for huge companies like GE - companies which should be strong and not weak - to need bail outs going forward.  Most of them have prospered since the early 1990s via the use of vendor financing which makes them little more than leveraged banks who sold bonds in order to fund sales (AKA "borrowing short to lend long").  GE now has 19 billion in cash and 556 billion in debt.  That is ~30:1 leverage.  They need access to cheap credit just to survive.  Cheap credit is exactly what is vanishing right now in the world.  Would YOU make a 30:1 leveraged bet with YOUR investments?  You could get better odds betting the ponies!!  This is the same leverage that the now defunct Bear Stearns had.
GE debt to cash from Yahoo finance:
18.99B
 Total Cash Per Share (mrq):
 1.909
 Total Debt (mrq):
 556.10B
 What do you think will happen to the US stock and bond markets when the market finally wakes from la-la land and figures out what I just stated above?  Will this instill confidence or will people beat an exit to the door no matter what investment they might be in? 
The group-think is that if the big monster companies can't survive then what chance do the little companies have.  Nothing will be safe if GE stumbles much more than it already has.  Even the shares of good companies would get creamed - the baby gets thrown out with the bathwater should this occur.

 In summary, forget "too big to fail".  This mess has become too big to bail."

 

The global economy is failing the only ones that are holding cash now is all the Arab nations,China's bubble has burst as well.

I said thinking about it, and I have all weekend.  ;) And I am not talking about spending money, that I can't afford to spend, and what I mean is just a little. 

Honestly, I think it's find the right stock, in time it will come back, and I ain't in no big hurry.  If the stock market crashed, and I lost say $500, well, then we are all screwed more than just $500.  I think the only people losing money right now, are the ones selling, if I had not sold by now, I would hold on to it. And there has to be people out there thinking the same way.  Yes I know it's global, but I look at this way, America has been living well beyond her means, and this had to happen to bring things back into reality. 

You stop and think, I bought my house in 1996, at the Tax Assessed Value was $72,000.  In 2006 it was up to $360,000 tax assessed value, that is clearly inflated.  Right now it's at about $250,000, and I still feel that is high for this house.  My point is this, for this economy to continue, the prices have to readjust, and that is exactly what is happening how.  I can remember in the 80's, what was the average of the Stock Market is  where it is now.  Grant it, several companies are taking harder hits than others, ie, GM, but I personally feel the Stock Market was over it's value as well. 

Yes, it is going to hurt to brings things back where they should be, but that is a free market, and I am not saying things are not going to get worse, they surely are.  But I feel it is the Market and everything else, adjust itself.  Think about it, it home values even stayed where they were, the average middle class person would have a heck of a time buying a home at the prices that they were.  It has to adjust.  And we are so going to feel it, but it has to.  It is crazy that at 1800 SQF home is selling for over $400,000, when say in the 70's that same home cost just $14,000.  Heck the cost of a nice Truck cost more than what a home cost, just 20 years ago.  The market has to correct itself.

And also, we have to learn something, do not live beyond our means, and that applies to the banks especially.  You don't think for a moment, the banks did not realize that alot of these buying homes in say '05 & '06, could NOT afford those homes.  But that is thanks to organizations such as ACORN, that made that happen, and now we are all paying the price.  But it had to happen.. It just had to.

Thats IF the companies can pull out and make it.Look @ Enron & Wamu and........................................ ???

:ThumbsUp.gif :W

Have fun, I would LOVE to camp for 2 days right now and hear nothing but the crickets and the fire popping.

its $3.05 in apopka and only going lower  :P   and im loving it

There was a gas station  in Clearwater this week that was selling regular for $2.89 per gallon. It caused a traffic jam so the Clwt police showed up and told the station to close down,hire a traffic cop or raise the price.The station raised the price and the line went down. I would have filled up the RV "both tanks" had I seen it before they raised the prices. That was the best advertising that station could have ever got.

I bought the h%ll out of stock today. But even more important, Chiilinthemost and I are going riding all day tomorrow. Hopefully nobody gets Fished and wrecks their bike.

God we had a great day of riding. Actually rode with a friend with whom I hadn't ridden in about 12 years. Good times, steep hill, cool climbing and tons of fun.

just got home from, L-cross the gas out there was 2.89 per gal. yes 2.89    i bet it wont stay down for long  we also had a great day of riding

I hope the price of gas keeps dropping. Then I can start going to the track again! :D

The stock market has some incredible deals right now.  However, if you choose to put money in right now, keep in mind that the market has not hit bottom yet.  That being said, only invest in companies with extremely strong balance sheets.  Here are a few stocks I'm probably going to buy next week, depending upon what happens Tuesday morning (NYSE is closed Monday).  GE, Johnson & Johnson, Proctor & Gamble, and Berkshire Hathaway B shares.  When the markets do turn around, these stocks won't be barnburners but at these prices, there is at least a potential for 40% upside, plus all but Berkshire pay good dividends.  Just something for you to consider.