Especially today. Sheeesh! I'm saving every dime I got.

 

mingster, I'm not put off spending at all. I'm just put off retiring (by about 3 years) unless we get a MAJOR rebound.

 

What market?! I didn't know there WAS a market...!


I used to like Mr. Greenspan...he's my worst enemy now!

 

I think it is more than just the market. It's what the market represents. In this case, loss of jobs and reduced profits (or at least projected profits). Nothing like a tight labor market and projections of more job losses to reduce ones discretionary spending.

 

Let's get that tax cut goin'!

 

Shoot, I had a stock picked out I was going to use for my supercharger.

It went from $4000 to $500.

I can't even buy an exhaust with it now.

 

How does the market effect me?

I am thinking of pulling my deposit on my new M3 and keeping the S2K. The M3 will cost me an extra 500$ canadian a month (my insurance deductable will also go from 1000$ to 5000$ (!) )

Since I work in high tech (management/computer security) this effects me but not as badly as some people.

I can imagine all the californian people who are renting/leasing everything and who were borrowing against options must be panicking!!!

I always thought something was going to give.. I remember visiting someone in San Jose who moved from Montreal to Cisco and he was making crazy money and enjoying the high life. Leased Porsche, rented house (6000$ a month)... now the guy is stuck up to his neck in debt and contemplating bailing back to Canada.

Rob

 

I sold my porfolio last summer (I am soooo smart) and used it for downpayment on condo and S2K. Now I am just waiting for the market to turn to shit so I can re-finance at a much lower rate. [flame gear on]

 

living in a hotel I've become so smart - I read the USA Today - I look at all the neat little graphs and pie charts about all sorts of interesting information. For instance, did you know that when picking out a school uniform 91% of your decision should be on 'how it fits' and only 90% should be in 'the size availability' and 85% should be on 'color availability'. I'm not sure what that means, but boy are those guys smart.

So, when they say company X is going to the shitter, then I drop everything I've got in them. Of course, some people call this a panic sell, but this is how people are, and if you are going to trust anyone, why not trust the USA Today. Its so informative. Did you know about city 'sprawl'? That's the main value of your city in where you live. I'm not sure what it means either, nor what they are getting at, but boy those guys sure are smart.

Now, when they say B2B is dead, then I go out and sell all my B2B stocks. I mean, those guys are smart.

NOTE: for those of you who know me personally, also know not to take anything I say seriously. So, case in point. I usually mean exactly the opposite of what I'm saying - especially here.

Unfortunately, because of the recent years in online trading, idiots - like myself - go out and buy and sometimes sell on impulse rather than company projections in revenue and profit. The average Joe - like myself - can do this at the convenience of his or her's own finger tips with any computer and net connection. The media hype on market gains and losses is increasing as the gullibility of the people out there.

So, what it all boils down to is - too much accessibility and too much hype.

Am I saving more? Not really. I can't even balance my checkbook, but I have little need to do that. I'm quite bad with money as it is, and the only debt I carry are my car payments.

I should conserve, as some of the older crowd will advise me to do so while I can. I'm planning on it...soon, very soon.

and Unicron, I was tempted too - 4K for a SC, hrmmmm, I'm still pondering that one.

 

I actually bought the S2000 as a frugality measure. I pocketed ~$3,200 after selling the Supra (which I paid cash for by selling highly appreciated MSFT LEAPS back when they were trading @ 95 ), w/ the added benefit of cheaper gas, tires, and insurance.

Having a fun to drive car is not optional to me, but I'm certainly not planning to make any other big purchases soon!