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McLovin 11-16-2012 11:46 AM
Quote:
Originally Posted by Esel Mann (Post 7095437)
Woaa there! Why not quote the entire line? Reason being I provide the basis for my statement.

If cash is an asset what does it fall under? Tangible or In-tangible?
Take a poke around the internet. You will find debates among accountants about what is cash make PARF a civilized discussion.

No I'm not an accountant. But I do handle the books for my business 364 days a year. Then on the last day I punt them over to my accountant to un**** up everything I did for the past 364 days!
Sorry, but that makes no sense.

There is no debate as to whether cash is an asset. It clearly is.

You can debate whether it's a "tangible" or "intangible" asset, I guess. I.e., you can debate on what kind of asset it is (for accounting purposes). But there's no debate that cash is an asset.

RWebb 11-16-2012 11:49 AM
I found an economics def'n of asset involving growth - which would clearly eliminate cash (usually).

I expect that like many specialized areas, ordinary words are used in different ways, leading to confusion. They should use Greek like us biologists.

kaisen 11-16-2012 11:51 AM
If everything can either be classified an asset or a liability.....cash clearly isn't a liability

fintstone 11-21-2012 10:48 AM
Seems to have hit support. Might be time to go back to the market.

RWebb 11-21-2012 11:46 AM
expect volatility -- for that same reason, I have dampers (shock absorbers) on my car...

MRM 11-21-2012 01:08 PM
The market will drop 500 points from today's closing before it closes 500 points above today's mark again.

RWebb 03-05-2013 05:41 PM
bump!

dan88911 03-05-2013 06:33 PM
Is now a good time to get back in?

Scott R 03-05-2013 06:46 PM
Quote:
Originally Posted by dan88911 (Post 7311192)
Is now a good time to get back in?
Into where? The Fed? They just topped 3 trillion in bonds, invest with them they hold all of the cards currently.

dan88911 03-05-2013 07:19 PM
In the stock market, corp. profits are up.
Housing market is up.
Its a new day the start of a new bull market.

Scott R 03-05-2013 07:21 PM
Quote:
Originally Posted by dan88911 (Post 7311282)
In the stock market, corp. profits are up.
Housing market is up.
Its a new day the start of a new bull market.
The only thing that's up is QE. Go for it.

dan88911 03-05-2013 07:53 PM
So you don't think Feds can make it work Scott R?

I must admit it looks like a bumpy road ahead.
All the best.

Scott R 03-05-2013 07:58 PM
Everything the gov' touches turns to s**t.

RWebb 03-06-2013 01:50 PM
Quote:
Originally Posted by dan88911 (Post 7311192)
Is now a good time to get back in?
No. Wait for the market to drop -- it will, since volatility is inevitable.

BUT, you should never trade the market (unless you are being paid to do it with other people's money).

Sourpusses like the ones above are useful in driving down your entry costs. Select good companies, and don't be too greedy.

flatbutt 03-06-2013 02:47 PM
I don't play the market so I'm not savvy at all. Is the Dow or nasdaq adjusted for inflation? IOW is todays 14,000 equivalent to say 12,000 8 years ago?

pitargue 03-06-2013 02:59 PM
Bears and Bulls make money. Pigs get slaughtered.

gatotom 03-06-2013 03:44 PM
here is a funny one
DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY. - YouTube


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