Author Topic: Happy oops....unhappy days are here again.. Winnebago (Read 2134 times)

carson · « **on:** August 08, 2011, 01:44:57 PM »

Not a good thing going on.... all over the place. Sorry to point it out.

Look here>>> http://finance.yahoo.com/q/bc?s=WGO

afchap · « **Reply #1 on:** August 08, 2011, 01:51:09 PM »

Time to buy stock, and sell gold if you ever bought any ...but the late night radio folks are pushing people to buy gold at it's highest ever price!!

John Canfield · « **Reply #2 on:** August 08, 2011, 02:17:46 PM »

Winnebago is a survivor and their stock price doesn't necessarily reflect on their corporate health and viability. They have no or almost no corporate debt which is a huge bonus.

The time to buy gold was about $1,000/oz. ago

. The gold brokers are extraordinarily busy creating demand for the metal.

maverickbbd · « **Reply #3 on:** August 08, 2011, 10:40:34 PM »

I'm holding on to my silver. Where are the Hunt brothers when we really need them? If you have food in your stomach and a roof over your head, all the rest is just fluff.

taoshum · « **Reply #4 on:** August 08, 2011, 11:04:02 PM »

after today, it's like a tsunami hit the stock market. I wonder if congress even noticed.

John Canfield · « **Reply #5 on:** August 09, 2011, 07:55:52 AM »

Lets hope the voters noticed

Ned · « **Reply #6 on:** August 09, 2011, 09:00:55 AM »

All because of S&P downgrading the US debt rating, based on a $2 trillion error no less. Incredible.

Clay L · « **Reply #7 on:** August 09, 2011, 09:47:36 AM »

I read or maybe heard on a news program that S&P had Fanny Mae rated AAA right up to the point they crashed and burned.

yfx4 · « **Reply #8 on:** August 09, 2011, 10:21:23 AM »

Quote from: Ned on August 09, 2011, 09:00:55 AM

All because of S&P downgrading the US debt rating, based on a $2 trillion error no less. Incredible.

The 'math error' is a matter of perspective. According to the WH, we (Congress, etc) have promised that spending will not go up as fast as the GDP. Given our history S&P assumed that discretionary spending would rise at 5 percent, roughly the rate of nominal GDP growth (real growth plus inflation). This, based on our history, may be conservative too. Anyway, the difference in assumptions makes S&Ps debt calculation $2 trillion more that the WH. Since WWII we have not done this for any significant length of time.

I’m very cynical about the ability of politicians not to spend everything they can get their hands on and then some. I believe the S&P view but I agree that your view can quite legitimately differ. You just trust Congress not to spend your money to gain re-election for Congress more than I do.

Ned · « **Reply #9 on:** August 09, 2011, 11:03:09 AM »

Quote

You just trust Congress not to spend your money to gain re-election for Congress more than I do.

I said nothing about trusting anyone. Certainly not Congress, and not S&P either.

yfx4 · « **Reply #10 on:** August 09, 2011, 11:36:35 AM »

Quote from: Ned on August 09, 2011, 11:03:09 AM

I said nothing about trusting anyone. Certainly not Congress, and not S&P either.

You caught me assuming. I apologize.

I assumed that since you brought up a $2 trillion error that you trusted the Gov't projections more that S&P's.

I don't see it as a 'math error' as promoted in the MSM.

Ned · « **Reply #11 on:** August 09, 2011, 11:58:20 AM »

When the $2 trillion error was pointed out, S&P didn't correct their results, they changed their assumptions from economical to political to let them keep the original results. Does that sound trustworthy? The economy would be fine if it weren't for economists

Wendy · « **Reply #12 on:** August 09, 2011, 12:14:55 PM »

S&P's political assumption was more valid than their mathematical one. Politicians did more to hurt the country's credit rating than economists.

Ned · « **Reply #13 on:** August 09, 2011, 12:33:58 PM »

Just another case of "if you don't want to correct the result, change the assumptions". How can we believe any of it?

Paul & Ann · « **Reply #14 on:** August 09, 2011, 12:44:27 PM »

I find it more than ironic that is was the bond rating agencies like S&P who were mostly responsible for the housing market bust, which is the underlying cause of much of are current financial problems, are now down-grading the country's bond rating.

BTW, I think the down grade is mostly political, just to show who really has the political power in this country.

Paul

John Canfield · « **Reply #15 on:** August 09, 2011, 01:02:24 PM »

Boy am I glad I moved this thread out of the Winnebago board

S&P's downgrade is reflecting an apolitical reality of government deficit spending that has no real end in sight. This is not about politics, it is all about the balance sheet.

Paul & Ann · « **Reply #16 on:** August 09, 2011, 01:10:31 PM »

I have been trying to find info on our country's bond rating during WWII when the US public debt was 120% of GDP.

Paul

taoshum · « **Reply #17 on:** August 10, 2011, 12:29:42 AM »

Quote from: John Canfield on August 09, 2011, 07:55:52 AM

Lets hope the voters noticed

And, hope that people are willing to go vote... lots are so angry that they might not...since they have "given up"; I guess anger can run the other way too...vote for sure? I don't have a clue but the current trajectory is clearly impossible.

yfx4 · « **Reply #18 on:** August 10, 2011, 12:11:10 PM »

Quote from: taoshum on August 10, 2011, 12:29:42 AM

And, hope that people are willing to go vote... lots are so angry that they might not...since they have "given up"; I guess anger can run the other way too...vote for sure? I don't have a clue but the current trajectory is clearly impossible.

Totally agree. As far as voting goes, we seem to have a short memory. How things are closer to election time will be the real issue. What scares me most is that our nation seems as or more divided on many topics--economic, political, religious, etc--than I ever recall. I don't see US coming together to solve the problem. Finger pointing and blame are counter-productive but currently more prevalent than ideas.

taoshum · « **Reply #19 on:** August 10, 2011, 01:49:08 PM »

Quote from: taoshum on August 10, 2011, 12:29:42 AM

And, hope that people are willing to go vote... lots are so angry that they might not...since they have "given up"; I guess anger can run the other way too...vote for sure? I don't have a clue but the current trajectory is clearly impossible.

The "historians" are saying it is just like the "roaring 20's" and the transition to the 1930's. I guess we have to go thru another "Hoover period" before someone will step up and settle the fights. I figure that we have about 100 years left to figure it out or it'll be all over for the humans. The humans born this year might be the last of the species... Now there's a sobering thought.

THE-BigLarry · « **Reply #20 on:** August 11, 2011, 08:24:18 AM »

Many "Forums" that I belong to have a Political board where such dialogue can be put forward. Maybe it's time to consider such a board on the RV Forum. Politics is such a hot button issue these days.

Ned · « **Reply #21 on:** August 11, 2011, 08:40:57 AM »

Quote from: TheBigLarry on August 11, 2011, 08:24:18 AM

Many "Forums" that I belong to have a Political board where such dialogue can be put forward. Maybe it's time to consider such a board on the RV Forum. Politics is such a hot button issue these days.

That is exactly why we don't have such a board. This is a place for friendly discussion of RV related topics, with the occasional, but still friendly, non-RV related topic. Discussions on politics and religion tend to go downhill eventually, leading to harsh words, people getting angry and leaving the forum, and no one's opinion is ever changed as a result. So far, this discussion has remained civil, but know that the staff is keeping a close eye on it and will shut it down if it starts down the slippery slope.

yfx4 · « **Reply #22 on:** August 11, 2011, 08:52:45 AM »

As long as we are all adult and recognize that opinions are individual and each person's view deserves as much respect as we feel our own does we will be fine. I think. Did I say that OK??

Pierat · « **Reply #23 on:** August 11, 2011, 09:04:27 AM »

A vote for what Ned said. And thanks.

taoshum · « **Reply #24 on:** August 11, 2011, 09:17:23 AM »

Sorry... WGO is up $.10 today, $6 .79 or so. Diesel is down. DJIA is up 150 for a few seconds. "This land is your land... This land is my land... From Calif to the NY Island..."

John Canfield · « **Reply #25 on:** August 11, 2011, 09:36:59 AM »

Quote from: yfx4 on August 11, 2011, 08:52:45 AM

As long as we are all adult and recognize that opinions are individual and each person's view deserves as much respect as we feel our own does we will be fine.

Exactly. It is incredibly difficult for me to be an active listener or an active reader, that is to carefully consider others perspective without immediately discounting it as not in compliance with my views. I work hard at being a critical thinker, but I don't always succeed.

Back to WGO:

Some history of their stock price going back five years...

High: $34.80 on November 16, 2006

Low: $3.24 on Mar 5, 2009

If you look at a smoothed share price average over the last couple of years, they are doing okay and bouncing around based on external influences. I still think their fundamentals are strong. Short term market swings don't concern me very much.

maverickbbd · « **Reply #26 on:** August 11, 2011, 11:08:44 AM »

Quote from: Ned on August 11, 2011, 08:40:57 AM

That is exactly why we don't have such a board. This is a place for friendly discussion of RV related topics, with the occasional, but still friendly, non-RV related topic. Discussions on politics and religion tend to go downhill eventually, leading to harsh words, people getting angry and leaving the forum, and no one's opinion is ever changed as a result. So far, this discussion has remained civil, but know that the staff is keeping a close eye on it and will shut it down if it starts down the slippery slope.

I whole heartily agree. It is almost impossible to have any discussion about economics without politics being drug into it.

kevin · « **Reply #27 on:** October 13, 2011, 09:12:45 PM »

you guy's forgot to throw religion in there as well

I do think that, well maybe we can agree on this, Do you ever think it would be easier if we could just shoot'em all and start over?

or is that going to far? $:-\$

catblaster · « **Reply #28 on:** October 14, 2011, 06:55:20 PM »

Quote

Do you ever think it would be easier if we could just shoot'em all and start over? or is that going to far? $:-\$

Kevin. I think you would find some disagreement among anti-gun groups.

News:

Author Topic: Happy oops....unhappy days are here again.. Winnebago (Read 2134 times)