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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (3422)	9/14/2015 7:04:03 PM
From: Kirk ©	Respond to of 26630

Interesting Ox and Kirk, you guys are exactly the same age as I am but when you look at the history of the stock market you seem to believe that there was no history prior to the 1990's. I suppose the quarterly dividend check from my safeway stock in 1975 that I used to buy a carton of smokes with in college was from something other than stocks. My grandfather worked on the Pacific Stock exchange before he took over the family undertaking business for my grandmother's mother in the mid 1930s. He loved to talk about stocks and history. When did you buy or own your first stock? FWIW, the last stock I bought (just days ago) came at a price of cash on the books plus 7 times estimated earnings. Seven is a magic, bear market number... was really useful in buying a bunch of PFE at a fraction of the current price.

To: Return to Sender who wrote (3422)	9/15/2015 10:49:19 AM
From: The Ox	Respond to of 26630

I have no idea why you wrote this? Would you care to elaborate? Ox and Kirk, you guys are exactly the same age as I am but when you look at the history of the stock market you seem to believe that there was no history prior to the 1990's. That's just wrong. There's a difference between understanding what's happened in the past and making an assumption that history must repeat itself. I doubt Kirk or I have closed our eyes to the potential pitfalls that are out on the horizon. Understanding what is going on now and what has transpired over the course of the last few years is very important and certainly should allow one to adjust their view of the future. Markets are ruled as much by confidence as anything else. Should confidence erode even more than we've seen lately, stocks will have a VERY rough go of it. I would suggest reading this link in it's entirety and thinking about it's implications on market forces. Message 30234098 There is a lot to consider about how the markets will react to a FED rate hike, which I believe they will not put off any longer. Even with the difficult global winds blowing in many directions, if the FED does choose to raise rates this month, I would strongly suggest that they see a much more healthy US economy than the media is portraying at the moment.