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Retiring for Awhile

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October 14, 2008 – Comments (16)

I will be taking a break from the market and CAPS for awhile. Most of what I thought would come to pass, has happened.  I leave CAPS now #2 in points and with abitareperfect in the Top 50.

Now we are in Black Swan territory from here it is anybodys guess. Stagflation, deflation or hyperinflation? I cannot guess accurately and do not want to mislead anyone from here. I reloaded my portfolio and will let it ride.

I am slowly removing myself from the stock market, focusing on other assets and developing useful job skills. I will check back occasionially. I hope the best for everyone and good luck in the future.

16 Comments – Post Your Own

#1) On October 14, 2008 at 5:06 PM, kdakota630 (29.78) wrote:

That sucks.  You'll be missed.

Who else is going to post all the cool video links of Ron Paul, Peter Schiff, etc.?

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#2) On October 14, 2008 at 5:06 PM, alstry (36.24) wrote:

My suggestion is a few strong bloody's......just hang around....something will give you conviction.

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#3) On October 14, 2008 at 5:10 PM, Tastylunch (29.39) wrote:

I'll miss having you around Ares. thanks for all the posts. I can't guess accurately either which is why I've been closing picks as they go green, the fundamentals look to say rebound but the numbers under the numbers look funnier than ever to me.Hope you stop in to say hi every once in awhile.

rough month losing both you and Bent, I fear the blogs will be lot less interesting.

as for me in real life I've put more money into my business, equipment etc instead of stocks.  Figure I at least know what I'm getting out of that. Also lots of great deals (steals really, some I've gotten for free since they had no buyers) on liquidation fixtures and what not to be had, since retailers keep going under and there aren't many buyers save me :-).

You know if you cna find residentail apt buildings for cheap in good spost etc they may not be bad buy next year or so if you want a real asset, with fannie and freddie permanently shrinking (supposedly) we may see a permament move back to renting. Already rental vacanies have dropped 50% here in C-bus...

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#4) On October 14, 2008 at 5:11 PM, abitare (88.86) wrote:

 

Marc Faber on CNBC, Oct 14 - P3

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#5) On October 14, 2008 at 6:14 PM, TDRH (99.66) wrote:

Boa Sorte/Buena Suerte!

James

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#6) On October 14, 2008 at 8:20 PM, abitare (88.86) wrote:

Marc Faber on CNBC, Oct 14 - P2

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#7) On October 14, 2008 at 8:25 PM, abitare (88.86) wrote:

Economist Professor Irving Fischer explains that the stock market crashed due to high expectations- not high stock prices. Too many speculators were playing the stocks with borrowed money, resulting in a run on the banks. Economist Professor Irving Fischer explains that the stock market crashed due to high expectations- not high stock prices. Too many speculators were playing the stocks with borrowed money, resulting in a run on the banks. 80 years later, the banks are speculating with borrowed money and investors are running away from them.

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#8) On October 14, 2008 at 8:28 PM, abitare (88.86) wrote:

Take a tip from Margaret Shotwell who dispenses advice after losing 1 million dollars in the Wall Street stock market crash on Black Friday, October 28, 1929. Her only possessions are her piano and chinchilla fur

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#9) On October 14, 2008 at 8:33 PM, abitare (88.86) wrote:

Richard Whitney: Regulation Will Destroy Capitalism

Richard Whitney, President of the New York Stock Exchange, warns of the risks both to country and to capitalism posed by government regulators in the form of the the National Securities Exchange Act. This almost four full years before he was sent to Sing Sing Prison for embezzlement.

 

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#10) On October 14, 2008 at 8:48 PM, abitare (88.86) wrote:

Humor:

http://palinaspresident.com/ 

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#11) On October 14, 2008 at 11:25 PM, rd80 (98.00) wrote:

Enjoy your CAPS retirement. 

Hope it turns into a short sabatical and you're back soon.

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#12) On October 14, 2008 at 11:38 PM, StatsGeek (29.36) wrote:

I'll miss you. Hope you come back soon.  I'm afraid caps is going to turn into a ghost town.

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#13) On October 15, 2008 at 10:50 AM, lquadland10 (< 20) wrote:

Thank you Aba.

May the road rise up to meet you.
May the wind be always at your back.
May the sun shine warm upon your face;
the rains fall soft upon your fields and until we meet again,
may God hold you in the palm of His hand.

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#14) On October 15, 2008 at 5:01 PM, TheGarcipian (36.00) wrote:

Thanks, abita, for all the great posts and videos. Congrats on doing so well in CAPS. Hopefully, your RL portfolio has done as well too. Enjoy your time off. I'm sure we'll see you back here again. Until then, you'll be missed!

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#15) On October 15, 2008 at 8:18 PM, rudolphsteiner (< 20) wrote:

Your perspective will be missed, but a break from financial stuff is usually healthy. 'specially these days.

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#16) On November 12, 2008 at 6:55 PM, murphy8275 (< 20) wrote:

hey you are a great teacher   I have learn allot from you   

Thank you,  and try to contineu on ok   good luck in your future and best of wishes

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