Perchoutofwater Posted October 10, 2008 Share Posted October 10, 2008 I'd stock up on heavier loads for the shotties - 7 1/2s are good for quail, but you'd be wise to have some heavy hunting loads (high brass 4s at least) on hand in addition to your buck loads. Think cases for the rifles vs. boxes. I believe you said you've for a decent stock of food on hand - good on ya. Don't forget stuff like toiletries. I don't know that things are going to get that bad, but it doesn't hurt to be prepared. At the very least, you'll have used the value of today's dollar on goods you know you'll use vs. buying them at inflated prices with devalued currency sometime in the future. If I stop shooting skeet, and target practice and just go for meat, that should be enough to keep the family in protien for 10 years. I have close to 50 defense loads for the 12 ga. If I need more than that, then I'm not sure I want to be in this world. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted October 10, 2008 Share Posted October 10, 2008 Here's a really interesting article from the WSJ about why it makes sense to let the banks go broke. Quote Link to comment Share on other sites More sharing options...
Cunning Runt Posted October 10, 2008 Share Posted October 10, 2008 I'd stock up on heavier loads for the shotties - 7 1/2s are good for quail, but you'd be wise to have some heavy hunting loads (high brass 4s at least) on hand in addition to your buck loads. Think cases for the rifles vs. boxes. I believe you said you've for a decent stock of food on hand - good on ya. Don't forget stuff like toiletries. I don't know that things are going to get that bad, but it doesn't hurt to be prepared. At the very least, you'll have used the value of today's dollar on goods you know you'll use vs. buying them at inflated prices with devalued currency sometime in the future. You're serious about this aren't you? If you are, I personally think you're a little Ain't gonna come to ANY of that. None. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted October 10, 2008 Share Posted October 10, 2008 You're serious about this aren't you? If you are, I personally think you're a little Ain't gonna come to ANY of that. None. yeah, it's kinda hard for me to see the end of civilization as we know it because the financial system got in a vapor lock. I'm a little more worried at this point about governments overreacting and basically taking over the whole banking system completely. new world order, baby. but hey, I guess I'd probably rather be part of the new world order than head for the hills with lots of ammo and bottled water. I suppose I'll cross that bridge when we get there Quote Link to comment Share on other sites More sharing options...
Randall Posted October 10, 2008 Share Posted October 10, 2008 yeah, it's kinda hard for me to see the end of civilization as we know it because the financial system got in a vapor lock. I'm a little more worried at this point about governments overreacting and basically taking over the whole banking system completely. new world order, baby. but hey, I guess I'd probably rather be part of the new world order than head for the hills with lots of ammo and bottled water. I suppose I'll cross that bridge when we get there Me too but Bush saying he knows what the problem is and knows how to solve it isn't convincing anyone. If we nationalize something make it a profitable industry like oil. I'm not for that either though. Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 Very heavy volume day ... this could be the capitulation bottom. Nearly all assets (gold, TBills, oil, etc) are down a TON. Nobody wants to be long heading into the weekend. ...while I haven't really bought anything yet, this means that it's probably a good idea to buy at least a little something (at least looking for a little bounce higher) ... Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 (edited) If we nationalize something make it a profitable industry like oil. I'm not for that either though. Someone mark this down. Randall is not a socialist. PS - Software development (i.e., MSFT, etc) are typically much more profitable than capital intensive businesses like utilities and oil companies, fyi. Edited October 10, 2008 by muck Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted October 10, 2008 Share Posted October 10, 2008 Very heavy volume day ... this could be the capitulation bottom. Nearly all assets (gold, TBills, oil, etc) are down a TON. Nobody wants to be long heading into the weekend. ...while I haven't really bought anything yet, this means that it's probably a good idea to buy at least a little something (at least looking for a little bounce higher) ... Yeah, I noticed gold was down HUGH. I thought money would flee there for some safety? Where is it going? Maybe when all the financial big shots meet they'll decide gold is just a rock and has no value anymore... Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted October 10, 2008 Share Posted October 10, 2008 You're serious about this aren't you? If you are, I personally think you're a little Ain't gonna come to ANY of that. None. Am I serious about being prepared? Sure. I don't know what this financial mess will lead to, but it's a reminder to all of us not to take things for granted. Color me if you want - I'm OK with that. Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 Yeah, I noticed gold was down HUGH. I thought money would flee there for some safety? Where is it going? Maybe when all the financial big shots meet they'll decide gold is just a rock and has no value anymore... Well, it appears that $360 billion is going to be used by sellers of credit default swaps on Lehman Brothers to settle those contracts... A bunch of the rest is going to buy the (approx.) $1.5 trillion of new debt issuance by the US Treasury...which explains why US Treasury bonds are down along with everything else... Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 Yeah, I noticed gold was down HUGH. I thought money would flee there for some safety? Where is it going? Maybe when all the financial big shots meet they'll decide gold is just a rock and has no value anymore... ...side note... At one point, a long time ago, pepper (and maybe cinnamon?) was more valuable than gold (per ounce). Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted October 10, 2008 Share Posted October 10, 2008 ...side note... At one point, a long time ago, pepper (and maybe cinnamon?) was more valuable than gold (per ounce). Good thing we stocked up on some pepper corns. Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 10, 2008 Author Share Posted October 10, 2008 ...side note... At one point, a long time ago, pepper (and maybe cinnamon?) was more valuable than gold (per ounce). Nutmeg was also especially expensive. The book Nathaniel's Nutmeg: Or the True and Incredible Adventures of the Spice Trader Who Changed the Course of History is an interesting read if anybody cares. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted October 10, 2008 Share Posted October 10, 2008 So the market closes in less than an hour. What happens next? Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 We are expected to had the keys of our houses over to our new Chinese owners over the weekend. j/k Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 ...seriously, the market is screaming right now...up about 6% in the last ten minutes... Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted October 10, 2008 Share Posted October 10, 2008 I suppose I'll cross that bridge when we get there You're making an assumption that Jimmy and Perch have left any bridges standing. They'll have dynamited them all. Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 10, 2008 Author Share Posted October 10, 2008 ...seriously, the market is screaming right now...up about 6% in the last ten minutes... I was just coming to post that (of course in the meantime, it has headed back down) Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 10, 2008 Author Share Posted October 10, 2008 But, the TED spread is up again today to set another record. Even if the stock market has hit bottom, the real economy is still going to be hit hard in the coming months. Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 10, 2008 Author Share Posted October 10, 2008 I was just coming to post that(of course in the meantime, it has headed back down) and now it is back to rising--there is a decent enough chance that we could finish the day ahead of where we started Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted October 10, 2008 Share Posted October 10, 2008 and now it is back to rising--there is a decent enough chance that we could finish the day ahead of where we started Seeing some green instead of red on my 401k ticker would be a pleasant change Quote Link to comment Share on other sites More sharing options...
Fatman Posted October 10, 2008 Share Posted October 10, 2008 and now it is back to rising--there is a decent enough chance that we could finish the day ahead of where we started Now almost even... Quote Link to comment Share on other sites More sharing options...
sundaynfl Posted October 10, 2008 Share Posted October 10, 2008 ?Hugh cheer from the floor as the DOW goes positive... Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted October 10, 2008 Share Posted October 10, 2008 BUY YOU SOBs! BUY! Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 (edited) ...the short position is being rebuilt...about 1/12th of the position is now on near the highs... ...the time to buy was an hour ago... Edited October 10, 2008 by muck Quote Link to comment Share on other sites More sharing options...
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