Petition to remove June from the Calendar

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Jun 27, 2008 12:41 pm

I think we should start a petition to have June officially removed from all future years.  We don't really need the extra month anyway, just means 1/12th more taxes.

Jun 27, 2008 2:15 pm
new_indy:

I think we should start a petition to have June officially removed from all future years.  We don't really need the extra month anyway, just means 1/12th more taxes.

 
I'd sign it at this point. 
 
Come to think of it, why don't we just close the market for the summer?  We could have the entire summer off like teachers do.  We wouldn't have to worry about the market tanking and just focus on meeting people.
Jun 27, 2008 2:51 pm

Can I get the PERS deal too.....

Jun 27, 2008 3:00 pm

 Just like when we were kids ..... the summer off , extended Christmas Break and March Break. And no taxes .... you have my vote.

Jun 27, 2008 3:06 pm
norway401:

 Just like when we were kids ..... the summer off , extended Christmas Break and March Break. And no taxes .... you have my vote.

 
Count me in for summers off.
Jun 27, 2008 3:15 pm

hmmm we would probably have to unionize, and I don't think I could do that.

Jun 27, 2008 3:32 pm

 No unions....just hang up a sign " Gone Fishing , Back Sept 03/08 " , in case of emergency please call: 1-555-555-5555 and a Customer Service Representative will be pleased to assist you. See No Problem!!!!

Jun 27, 2008 6:42 pm

I would, but I work both from home (more frequently with every dollar oil goes up) and from my office.  I think my kids would let people know I was actually around..... Plus I live in a rural community and I just can't bring myself to print the word fishin'.

Jun 27, 2008 7:29 pm

Based on my June results, I am all for removing it.

Jun 27, 2008 9:35 pm

Heres a clue for those of you that would claim cyclical volatility as an excuse... it's about to get much worse.

 



You are payed to anticipate these things.  Slow and steady will not win this time.  Defend the portfolio.
Jun 27, 2008 11:18 pm
MLurative:

Heres a clue for those of you that would claim cyclical volatility as an excuse... it's about to get much worse.

 



You are payed to anticipate these things.  Slow and steady will not win this time.  Defend the portfolio.
 
Oh please do tell...how much worse will it get?
 
 
Jun 28, 2008 11:37 am
new_indy:

hmmm we would probably have to unionize, and I don't think I could do that.

 
I don't see why not.  We're oppressed by FINRA and our compliance departments.
 
Who represents US - the people who generate business for the B/D and for FINRA to have a reason for existance?
 
We should unionize and begin our demands!
 
Or give up our securities licenses and take the summer off ... just like John Savage did.
Jun 28, 2008 2:38 pm
snaggletooth:
MLurative:

Heres a clue for those of you that would claim cyclical volatility as an excuse... it's about to get much worse.

 



You are payed to anticipate these things.  Slow and steady will not win this time.  Defend the portfolio.
 
Oh please do tell...how much worse will it get?
 
 
 
I thought I did... much.  If you haven't moved defensive by now you have no one to blame but yourself.  "We take a long term approach" to blowing up your account.  The only thing more stupid then trying to pick a bottom is never having gotten out in the first place.  What are they paying you for? Clue #2- it's not buy and hold.  They can do that themselves.
Jun 28, 2008 2:49 pm

Hey newbie ML, you come off as quite the prick. I am sure your client's are wowed by your crystal ball though!

Jun 28, 2008 3:14 pm

My clients appreciate the attention I pay to the market and the economy.  It helps them preserve their wealth. 

 
I'm not trying to offend anyone in particular here but if you needed a crystal ball to see this coming you are in the wrong industry.  The sale is how you get payed.  Good service is how you earn your money.
 

Clue #3- If you are wishing that June would go away then the odds are good that your clients are wishing the same thing about you. 
Jun 28, 2008 3:59 pm

MLurative: This was just meant to be a humorous thread.  If you have read my previous post, I have been bearish for 2 years.  Most of my clients assets are in index linked CD's and principal protected securities, so I don't care much what happens in the market other than perception.  Stating that, people are hurting in many ways right now.  We don't have every client in the world and many are doing poorly right now.  Oil, unemployment, food prices, housing prices, etc...

 
Sometimes a little levity can relieve pressure and bring back perspective.
 
 
Jun 28, 2008 4:49 pm

I think ML is David Tice from the Prudent Bear Fund.

Jun 28, 2008 11:32 pm

I think I will remove my name plate from my door and put this sign up:

 
"This market sucks my balls"
 
What do you guys think of that? 
Jun 28, 2008 11:56 pm
Jun 29, 2008 7:58 am

My Sunday paper had oodles of negative stories (foreclosures will skyrocket, what is wrong with the market, gas, etc.). I am of the belief that the contrarian indicators are all around and we are due for a bounce, if even a dead cat. Months that are down almost double digit are usually not followed by the same. That being said, I am holding on to my hedges for the time being!