Stock market down big today

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Old Aug 4, 2011 | 06:49 PM
  #31  
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Originally Posted by nation
wife called pissed and told me to check my account. i deposited a small amount from my county payback.
total loss of 33,192$
im not happy.
HOLY CRAP!

If that's a 1 day loss you're doing a hell of a lot better than I am.
Old Aug 4, 2011 | 06:52 PM
  #32  
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Originally Posted by thejordan
would you go to the discount doc working out of a shed? i don't think so. providers know people will pay whatever amount (whether they can afford it or not) to get as close to the best care as possible. however, hospitals are always strapped for cash due to the insurance companies. that's my gripe.
There is no reason that you can't have great health care without the executives on top making tons of money. Expensive health care does not necessarily mean quality these days. It just means that someone on top is making way too much money and in most cases its actually at the expense of the quality of care provided.

I do agree though that the insurance companies are the root of the problem.

-- Ed
Old Aug 4, 2011 | 06:52 PM
  #33  
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Originally Posted by OneManArmy
Sounds like we might actually agree on something.
Indeed... refreshing isn't it?

-- Ed
Old Aug 4, 2011 | 06:55 PM
  #34  
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Also modern day dr's have found ways to keep their well oiled system with the insurance companies working, and many are forced to concentrate on that instead of their patients.

I think the market will go back up, it's all fear based crap thanks to the idiots like BONER, yes his name is not BAYNOR, IT"S BOEHNER LIKE A DICK, don't him fool you.
Old Aug 4, 2011 | 09:09 PM
  #35  
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I haven't opened a 401k statement since 2008.
Old Aug 4, 2011 | 09:19 PM
  #36  
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Well, at least there's BAM to look forward to.
Old Aug 4, 2011 | 09:49 PM
  #37  
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Originally Posted by EQ Tuning
There is no reason that you can't have great health care without the executives on top making tons of money. Expensive health care does not necessarily mean quality these days. It just means that someone on top is making way too much money and in most cases its actually at the expense of the quality of care provided.

I do agree though that the insurance companies are the root of the problem.

-- Ed
And you'd be wrong: Health-care security, who is to blame for high costs.

Doctors and hospitals account for over 50% of health insurance expenditures.
Insurance companies only account for 12%.

Do drink the kool aid.
Old Aug 4, 2011 | 09:59 PM
  #38  
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Originally Posted by Paul@dbtuned
Gold's down as well...selling off to cover margins??
If you're doing margins post-08, you are a royal **** up.
Old Aug 4, 2011 | 10:33 PM
  #39  
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Originally Posted by Paul@dbtuned
And you'd be wrong: Health-care security, who is to blame for high costs.

Doctors and hospitals account for over 50% of health insurance expenditures.
Insurance companies only account for 12%.

Do drink the kool aid.
Originally Posted by EQ Tuning
Exactly... this has always been my major problem with for profit health care organizations. They are legally obligated to increase profits even if it is at the expense of the public's health. But that's a whole other topic

-- Ed
Obviously doctors and hospitals account for the majority of medical costs as they actually provide the services. Insurance companies, on the other hand do very little beyond taking people's money and screwing them over when they actually need to cash in on their policy.

-- Ed
Old Aug 4, 2011 | 10:43 PM
  #40  
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should have sold everything today and invested in this...lol

VelocityShares Daily 2x VIX Short Term ETN: NYSE:TVIX quotes & news - Google Finance

VelocityShares Daily 2x VIX Short Term ETN
(Public, NYSE:TVIX) TVIX
31.29
+9.04 (40.63%)
Old Aug 4, 2011 | 10:44 PM
  #41  
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time to buy tome stock !
Old Aug 4, 2011 | 11:57 PM
  #42  
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Originally Posted by OneManArmy
I refuse to look. I treat my 401k as a long term investment. I'm still young enough (33) to stay pretty aggressive. So I leave it.

When the market popped 3 years ago I lost something like 30k. Nothing compared to most people but I was down over 50%. That account almost back to where it was a few years ago. One of my other ones has been doing pretty well. Up like 21% this year. I expected things to drop soon.


I figure I'm probably at about 85% of where I should be. I just keep adding to it when I can and hoping that when I'm 60 there's enough to retire on because there will be no Social Security in 30 years. No health care. No nothing. Anyone that hasn't been planning for retiring on their own dime needs to get in gear.
Smart. Gotta look at everything as long term, if you care about every turn in the road, you'll just die early with a heart attack.

Originally Posted by Paul@dbtuned
I put my 401(k) into my shop...and a little Peruvian Snow.

And my shop has out performed The Market for some time.
Smarter. If we had your skills, resources, and opportunities, hopefully we would have all done the same.

Originally Posted by Four vs Two
Well, at least there's BAM to look forward to.
Gotta stay positive! Best investment ever.
Old Aug 5, 2011 | 12:05 AM
  #43  
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This is all.

Old Aug 5, 2011 | 08:00 AM
  #44  
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Originally Posted by slow04wrx

I think the market will go back up, it's all fear based crap thanks to the idiots like BONER, yes his name is not BAYNOR, IT"S BOEHNER LIKE A DICK, don't him fool you.

LOL exactly! Everytime they pronounce it "Bayner" I always say "How is the O silent? lol Mr Boner must have gotten made fun of a lot back when he was in school, so he made it a point to change it to "bayner"
Old Aug 5, 2011 | 08:02 AM
  #45  
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Originally Posted by nation
total loss of 33,192$



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