[PLUG-TALK] The Sky is Falling! (not)

[Keith Lofstrom]

> On Fri, 5 Aug 2011 13:49:09 -0700
> Keith Lofstrom <keithl at kl-ic.com> dijo:
> 
> >The news is full of the "crashing" stock market.
> >
> >Yes, stocks dropped this week from record highs a month ago.
> >
> >Over 12 months, the Dow is still up 7.2%, NASDAQ is up 8.53%,
> >and the SP500 is up 10.43%.  The Hang Seng is down 0.4%,
> >though, TIME TO PANIC!!!

On Fri, Aug 05, 2011 at 07:12:47PM -0700, John Jason Jordan wrote:
> After getting home from last night's meeting I logged into my Schwab
> account and placed six limit orders for the next day, each up to a
> buck below Thursday's closing prices. All were filled within the first
> hour as the markets continued to slide. By the end of the day the Dow
> was up $60 and I made several thousand dollars today.
> 
> Don't sell in a panic and don't buy in a boom. Be a contrarian to the
> market: Buy in a panic and sell in a boom.

Baron von Rothchild once said "the time to buy is when blood is
running in the streets".  Later, Hitler put all the Rothchilds
he could grab in extermination camps, because he hated others
getting rich on all his brutal hard work.

It might not be the best idea to let the supporters of future
Hitlers know how you are counteracting their stupidity.  Nobody
like that on this list, of course, but Google knows everything,
and is used by too many know-nothings.

Keith

-- 
Keith Lofstrom          keithl at keithl.com         Voice (503)-520-1993
KLIC --- Keith Lofstrom Integrated Circuits --- "Your Ideas in Silicon"
Design Contracting in Bipolar and CMOS - Analog, Digital, and Scan ICs