Biggest day in 5 yrs and no one comments?

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skeedaddy2's picture
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Joined: 2005-09-14

I will admit I was light into the Fed meeting but my favorite growth stocks
were incredibly strong today....all up over 4.5% and one up over 8%.

troll's picture
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Joined: 2004-11-29

skeedaddy2 wrote:I will admit I was light into the Fed .......
 
"A little"? Haven't you been a voice of doom and gloom? Excuse me if I've mistaken you for someone else.

BondGuy's picture
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Joined: 2006-09-21

It was a good day for stocks. And that's all it was.
Not trying to be negative, but taking a long term view a 50 beep cut maynot have been the best thing for the economy. Everyone is going around right now in party mode. This will wear off, maybe as soon as Friday's jobs report. If the economy, over the coming weeks, shows strength the market partiers will be singing a different tune. That tune will be the boogie woogie low down inflation blues. Combined with the hyper sensative volatility we've seen over the past 45 days does not give me reason to celebrate.
For LT investors, buying good businesses yesterday's Fed move is meaningless. These businesses make sense to buy regardless of what the Fed is doing.
Lastly, yesterday doesn't signal a bottom in the housing market. When we see an uptick in housing sales, that's when it will be time to celebrate.
If we see inflation under control, and signs of a housing turn then we're off to the races.
That said, I'll take all the 300 point plus up days I can get.

doberman's picture
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Joined: 2005-02-22

I look for continued dollar devaluations every time the government implements a plan to bail-out the bad decisions of the past.
Sure, the market goes up, but so will the price of imports.
Just my 2 cents...

Indyone's picture
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Joined: 2005-05-30

mikebutler222 wrote:
skeedaddy2 wrote:I will admit I was light into the Fed .......
 
"A little"? Haven't you been a voice of doom and gloom? Excuse me if I've mistaken you for someone else.
...that's what I was thinking...if you're 90% cash, a few stocks moving 4-8% won't help much...
I'm a little surprised that thus far, the follow-up is in the green also.  I fully expected a pullback today to correct the inevitable overreaction.
I do very very little market timing...I've been pretty much fully invested since I started this game...and yes, that included riding through 2000-2002 and feeling the pain...but also adding to positions at bargain prices.

Indyone's picture
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BondGuy wrote:For LT investors, buying good businesses yesterday's Fed move is meaningless. These businesses make sense to buy regardless of what the Fed is doing.
Lastly, yesterday doesn't signal a bottom in the housing market. When we see an uptick in housing sales, that's when it will be time to celebrate.
That said, I'll take all the 300 point plus up days I can get.
Amen, amen, & amen.  As usual, nice post, BG...

jackbauer's picture
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Joined: 2007-08-17

doberman and bondguy, well put.  Rate cuts are interesting, the fed says the economy and housing is extremely weak (weak enough to force them to lower rates), which would seem like a negative, but, no the market is glad to see uncle sam (or is it Ben) attempt to put the fire out. Good for short term, horrible for long term, sucks to be the next president.  Horrible value of dollar (with no hope in site), oil over $80/barrel, Hundreds of billions spent on mission impossible (IRAQ), etc etc.   For this I hope Hillary wins...  seriously though youtube Ron Paul.  http://www.youtube.com/watch?v=IWfIhFhelm8

Big Taco's picture
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Joined: 2006-11-15

jackbauer wrote:doberman and bondguy, well put.  Rate cuts are interesting, the fed says the economy and housing is extremely weak (weak enough to force them to lower rates), which would seem like a negative, but, no the market is glad to see uncle sam (or is it Ben) attempt to put the fire out. Good for short term, horrible for long term, sucks to be the next president.  Horrible value of dollar (with no hope in site), oil over $80/barrel, Hundreds of billions spent on mission impossible (IRAQ), etc etc.   For this I hope Hillary wins...  seriously though youtube Ron Paul.  http://www.youtube.com/watch?v=IWfIhFhelm8
 
Better not post your political opininons on Regreps.com.  You'll be handed your hat, or they'll call you a pinko, or something equally ignorant.
 

YHWY's picture
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Joined: 2007-07-18

Better not post your political opininons on Regreps.com.
I'd agree with that to an extent. This site has become the bastion of touchy-feely leftist liberals who can't compete in the arena of ideas and ReRep has become home to the (sometimes harsh-tongued) conservatives. I don't believe you were handed your hat for your politics per se, but instead for proving that you are stupid. (Remember, stupid, unlike ignorance, can't be fixed)

YHWY's picture
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Joined: 2007-07-18

(Remember, stupid, unlike ignorance, can't be fixed)
.....stupidity, unlike ignorance....        sorry typing teachers!

icecream's picture
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Joined: 2007-09-19

Sorry, with regards to the topic, I say Americans are addicted to cheap money, and will take the rest of the world into recession within six months. Don't get suckered in by the rate drop, it is too much, too soon.

troll's picture
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Joined: 2004-11-29

icecream wrote:Sorry, with regards to the topic, I say Americans are addicted to cheap money, and will take the rest of the world into recession within six months. 
 
Five to one says you're wrong.

jackbauer's picture
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Joined: 2007-08-17

For the record - I have not met a politician I liked.  Left, Right or center. I just like Ron Paul cuase he is stirring it up a bit, in the end I will vote for Mickey Mouse (again). I think they (and us) take ourselves to seriously. 

icecream's picture
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mikebutler222 wrote:
icecream wrote:Sorry, with regards to the topic, I say Americans are addicted to cheap money, and will take the rest of the world into recession within six months. 
 
Five to one says you're wrong.

 
Wow, who would not take those odds. :).

icecream's picture
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Joined: 2007-09-19

" All the best, and I'm sure you'll convince me that your site is as wonderful as you say when you've disappeared from here for an extended period of time, basking in the wonder that is your wonderful site. "
Doesn't YHWY mean God? A poster named God runs the other web site, and comes over here to harass you after you quit the web site? Wow, talk about religious irony.

Big Taco's picture
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Joined: 2006-11-15

I don't think he runs it, but is apparently religiously devoted to it, and zealously defends his faith against all perceived infidels.

icecream's picture
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Joined: 2007-09-19

Censorship is always difficult. Kind of like lying, the more you do it, the harder it is to keep it straight. They must suck in a lot of new perceived infidels off this forum, since they advertise here.

YHWY's picture
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Joined: 2007-07-18

What part of "I'm not Bobby or Ferris" do you not get? I have no sway on the other forum. In fact, my name there is Daryl Van Horne (The Devil, get it...c'mon, think....it's funny)In my part of town, they would beat the crap out of you for saying that.
 I'm armed, I highly doubt it, you idiot.

icecream's picture
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Joined: 2007-09-19

Okay, you're the Devil, claiming to be God. As a well educated idiot, I think I get your meaning. I think I'm done with this conversation.

YHWY's picture
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Joined: 2007-07-18

And you are made of ice cream. I think everyone's clear.

icecream's picture
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Joined: 2007-09-19

Okay!:). God bless you, Devil not whoever you are. I'm crossing myself.

Big Taco's picture
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Joined: 2006-11-15

YHWY wrote:that you had to delete the thread instead of offering a thoughtful retort I have no idea who you people think I am, but I AM NOT Bobby or Ferris.  This reinforces my assertion that you are stupid (don't worry you're not alone here). Your line of argument also reinforces my assertion that you cannot compete in the arena of ideas. I'll post any damn place I please, thank you.
Uh, yhwy, I realize you're not Bobsy or Ferris.  The more you post, the more I question your cognitive ability to even operate a website.
I don't care if you don't agree with me.  Really.  I don't care if you think I'm "stupid", or that you think I'm not competitive in your "Arena of Ideas". 
All you're doing is taking time away from your wonderful website to be a troll here.

skeedaddy2's picture
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Joined: 2005-09-14

mikebutler222 wrote: skeedaddy2 wrote:I will admit I was light into
the Fed .......
 
"A little"? Haven't you been a voice of doom and gloom? Excuse me if I've
mistaken you for someone else.

You do have the wrong person, it's okay...I forgive you.

skeedaddy2's picture
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Joined: 2005-09-14

Bill Gross pointed out that the last two times the Fed lowered by 1/2 point
on the 1st cut, the US went into a recession.

The question is growth, inflation or recession...what's your call and how are
you positioning yourself and your clients?

YHWY's picture
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Joined: 2007-07-18

The question is growth, inflation or recession...what's your call and how are
you positioning yourself and your clients? Continued, sustained, long term growth with contained inflation within historical norms..... Unless federal tax rates are changed (raised) to become more of an enemy to the US economy than they are now. In that case, the US economy will face potential recession, which will be blamed on everything except mistaken federal tax policy by those responsible. Left to its own devices, the US economy will continue to be the best long-term model for the world due to its citizens' innate entrepreneurial spirit which rewards prudent risk taking. On this basis, I recommend my clients (mostly retired blue-collar types) continue to invest in balanced portfolios, using balanced mutual funds (American Funds and Franklin Templeton families) along with some of the very attractive new syndicate preferred issues we are beginning to see. For the more risk averse clients, I recommend using the Hartford Leaders variable annuity to take advantage of the same great fund management (American & Franklin) but including Hartford's great living benefits, which guarantee lifetime income without giving up control of the lump sum. This model may be altered in the future if it looks like destructive (political) forces may be about to confront the US economy. This is "My arena of ideas", who'd like to join me?

troll's picture
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Joined: 2004-11-29

skeedaddy2 wrote:Bill Gross pointed out that the last two times the Fed lowered by 1/2 point on the 1st cut, the US went into a recession. The question is growth, inflation or recession...what's your call and how are you positioning yourself and your clients?
 
My call is it doesn’t much matter. No one call prognosticate with enough accuracy to prove to me they're not doing more harm than good with their projections. I didn’t let the decline in February knock me out of the market, I didn’t let the step rise in mid-Summer cause me to think we were going to the moon, I didn’t let the following decline shake me out again. I am perpetually cautiously optimistic, and more oriented to my client’s goals than to some day to day imperative that won’t mean squat two years down the road. That’s been my SOP for the 15 years I’ve been doing this.
Now, I will admit I continue to avoid long term bonds, I think TIPs for income investors are a perverse joke, and I won’t be bottom fishing in places like home builders any time soon. I’m not all that interested in making sure I’m in at the bottom and out at the very top. I’m happy (and my clients as well) to get that nice, solid, conservative middle gain. I doubt we’re going into a recession, and I doubt inflation, at this point, is something that should be keeping you up at night.

troll's picture
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skeedaddy2 wrote:Bill Gross pointed out that the last two times the Fed lowered by 1/2 point on the 1st cut, the US went into a recession.
 
Isn't Bill Gross known for calling 6 of the last recessions and for his constant "I'm not being paid enough for my bonds, given inflation risks"? Seriously, I think the guy's vastly over-rated.

Indyone's picture
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Joined: 2005-05-30

He's definitely overrated when he prognosticates on the stock market.  Wasn't he calling for a 5-6000 Dow in the not too distant past?

icecream's picture
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Joined: 2007-09-19

As I recall he called the recent correction almost to the day. Some China market indexes are up almost 100% 12 month trailing. You wanna see a new paradigm, stick around, might want to make sure the old fixed portfolio allocation is properly planted and watered.

Indyone's picture
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Joined: 2005-05-30

BFD...a broken clock is right twice a day.  He has made some idiotic predictions on the equity market, so any prescient calls are probably little more than dumb luck.  I'll give him some props on bonds, but he hasn't shown a good grasp of equity markets as far as I'm concerned.

icecream's picture
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Joined: 2007-09-19

Well he's only a bond guy and every major public appearance will only sweeten his speaker fees when he decides to bag the commute. Nice reminder about the clock.

Big Taco's picture
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Joined: 2006-11-15

YHWY wrote:The question is growth, inflation or recession...what's your call and how are you positioning yourself and your clients? Continued, sustained, long term growth with contained inflation within historical norms..... Unless federal tax rates are changed (raised) to become more of an enemy to the US economy than they are now. In that case, the US economy will face potential recession, which will be blamed on everything except mistaken federal tax policy by those responsible. Left to its own devices, the US economy will continue to be the best long-term model for the world due to its citizens' innate entrepreneurial spirit which rewards prudent risk taking. On this basis, I recommend my clients (mostly retired blue-collar types) continue to invest in balanced portfolios, using balanced mutual funds (American Funds and Franklin Templeton families) along with some of the very attractive new syndicate preferred issues we are beginning to see. For the more risk averse clients, I recommend using the Hartford Leaders variable annuity to take advantage of the same great fund management (American & Franklin) but including Hartford's great living benefits, which guarantee lifetime income without giving up control of the lump sum. This model may be altered in the future if it looks like destructive (political) forces may be about to confront the US economy. This is "My arena of ideas", who'd like to join me?
Your much-hyped "ARENA OF IDEAS" is 2 fund companies and an annuity? 
 
Every client that walks in your door must have to check 1 of 3 boxes: 
My financial needs will be sufficiently met with the following investment product:
[ ] American
[ ] Franklin
[ ] Other (Other = VA with Franklin & American subaccounts)

icecream's picture
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Joined: 2007-09-19

Come on Big, he's God.

BondGuy's picture
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Joined: 2006-09-21

skeedaddy2 wrote:Bill Gross pointed out that the last two times the Fed lowered by 1/2 point on the 1st cut, the US went into a recession. The question is growth, inflation or recession...what's your call and how are you positioning yourself and your clients?
I make it a point to not predict markets, interest rates, or my wife's moods. So far that's worked out pretty good for me and my clients.

YHWY's picture
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Joined: 2007-07-18

Taco,
My clients consitently beat the major indices, they have investment plans that they can understand and an advisor to whom they are very loyal. I've saved most of them from very "complex" and "imaginative" former brokers who sold them crap neither understood and lost the clients lots of money while making the brokers piles.
Great arguement on your part, though. (and I thought you couldn't compete in the arena of ideas). I'd love to hear all about your investment plans that beat the typical American Funds I use.
 

Big Taco's picture
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Joined: 2006-11-15

YHWY wrote:
Taco,
My clients consitently beat the major indices, they have investment plans that they can understand and an advisor to whom they are very loyal. I've saved most of them from very "complex" and "imaginative" former brokers who sold them crap neither understood and lost the clients lots of money while making the brokers piles.
Great arguement on your part, though. (and I thought you couldn't compete in the arena of ideas). I'd love to hear all about your investment plans that beat the typical American Funds I use.
 

 
I don't think investment plans need to be complex or simple, just so long as they help the client meet their investment goals.  I was just poking fun at you because you're so serious about hyping your "ARENA OF IDEAS", which we now know includes a total of 3 ideas: 2 fund co.'s and a VA offering those 2 fund co.'s.
As far as you asking to hear my investment ideas, you've spent the last few posts telling me how 'stupid' I am, so I assume you're being sarcastic.  But good luck with everything else.

icecream's picture
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Joined: 2007-09-19

"I make it a point to not predict markets, interest rates, or my wife's moods. So far that's worked out pretty good for me and my clients."
Sorry about the wife.

YHWY's picture
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Joined: 2007-07-18

Taco, When/if you ever manage to figure out what works in this business, you will stick with it and, with any luck at all, get REALLY good at selling it.

YHWY's picture
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Joined: 2007-07-18

Taco, Also, You are stupid and prove it every time you post. Hint: I don't really want to hear your investment plans, I was being sarcastic. You may go now.

granuja's picture
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Joined: 2007-08-29

BondGuy wrote:
skeedaddy2 wrote:Bill Gross pointed out that the last two times the Fed lowered by 1/2 point on the 1st cut, the US went into a recession. The question is growth, inflation or recession...what's your call and how are you positioning yourself and your clients?
I make it a point to not predict markets, interest rates, or my wife's moods. So far that's worked out pretty good for me and my clients.

Your clients are affected by your wife's moods?       
I don't make predictions either.  None of us has a crystal ball.   BUT, our clients do expect us to be on top of our game, up with the news and be able to make changes if/when needed.

icecream's picture
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YHWY wrote:Taco, Also, You are stupid and prove it every time you post. Hint: I don't really want to hear your investment plans, I was being sarcastic. You may go now.
Diamond Dog?

icecream's picture
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Joined: 2007-09-19

All I have to do is say, "Diamond Dog?" and he appears.
If there was any hesitation, let all doubt be removed that Bobby is trainable.
The first task is get him to not quote himself.
Now go back to your cave and wait instructions, Diamond Dog.
Why don't you go hack off a few units of your loyalists at the Diamond Dog Cave, send them yelping over here for attention, and we'll pick them off like skeet? You should pay us for our time for this wierd therapy, but hey, you begged for it.
By the way, has anyone noticed that Bobby's post count does not go up? Do you think he has influence with the admin, or is that just my imagination? I'm just going to say good bye to you all now, just in case he has, you know, special priviledges here.

skeedaddy2's picture
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Joined: 2005-09-14

It's about this time that I ask myself "why bother with this forum?"

Big Taco's picture
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Joined: 2006-11-15

Bobby Hull wrote:
YHWY wrote:Taco, Also, You are stupid and prove it every time you post. Hint: I don't really want to hear your investment plans, I was being sarcastic. You may go now.
Pink Taco is a fool. That's why he got banned from regreps.com.

You two must have run out of stuff to do over at your fantastic website.  I keep finding you trolling over here.

charlie_broker's picture
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Joined: 2007-09-15

Pink Taco is a fool. That's why he got banned from regreps.com.
The real question is when will the admins here figure out they need to ban the trolls from the other website since they only come over here trolling for new members or to disrupt this site.

Big Taco's picture
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charlie_broker wrote:
Pink Taco is a fool. That's why he got banned from regreps.com.
The real question is when will the admins here figure out they need to ban the trolls from the other website since they only come over here trolling for new members or to disrupt this site.

Thank you.

STFU's picture
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Joined: 2007-06-29

Big Taco wrote:Bobby Hull wrote:
YHWY wrote:Taco, Also, You are stupid and prove it every time you post. Hint: I don't really want to hear your investment plans, I was being sarcastic. You may go now.
Pink Taco is a fool. That's why he got banned from regreps.com.

You two must have run out of stuff to do over at your fantastic website.  I keep finding you trolling over here.

How would you know what the 200 people over there are doing?  You were banned.
We're here because we can be here.  We're not banned.

Big Taco's picture
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Joined: 2006-11-15

STFU wrote:Big Taco wrote:Bobby Hull wrote:
YHWY wrote:Taco, Also, You are stupid and prove it every time you post. Hint: I don't really want to hear your investment plans, I was being sarcastic. You may go now.
Pink Taco is a fool. That's why he got banned from regreps.com.

You two must have run out of stuff to do over at your fantastic website.  I keep finding you trolling over here.

How would you know what the 200 people over there are doing?  You were banned.
We're here because we can be here.  We're not banned.

What you have to realize is that I don't care what goes on there.  I was there.  During what seemed to be a spirited political debate thread Bobby started crying about it, and then deleted the thread.  His excuse, as posted under the "Our Promise" thread, was that some newbie might read the political thread and be "turned off".  SFW?  I didn't realize Bobby cared so much about every sniveling brokers feelings.
I posted on the regreps.com site that if my posts are going to be deleted, then that's all it takes for me not to post anymore.  2 days & zero posts later, when I logged back on to continue a PM conversation, I recieved a message that my ip address was "banned".  That is fine.  As I mentioned before, I had no intention of posting there ever again, and was only wrapping up a private (I'm sure) conversation.
I really don't care if I'm not wanted in the club.  I already made it clear, in writing, that I was done with it.  I wasn't calling names, or writing anything that you won't see on the evening news.  But I was censored.  You guys can hopefully now realize that you can have your fanclub card back--it's in the mail.  Not interested.  Not at all what I hoped it was going to be.  Not worth my time (because it takes time to write posts, and if they get deleted, I have nothing to show for it).
You have to realize that I don't think your site is cool.  At all.  (except the software, good job on that).  Same shit as all the other broker forums, but with nasty management.  In this case, I'll take negligent over nasty. 
(Actually, at the regreps site, they were importing threads from this site, or at least linking to here... slow news day?)  Bottom line, as cool as the rereppers try to make their site sound, it's the same as this one, but much more restrictive, IMO.  That's why some of them come over here still--there's something fundamentally lacking on their end?
But the whole premise that started the regs site is that there's trolls here.  Well, DAtoo's gone.  William's gone.  Not sure, but I think Nancy's gone, or at least tamed for now.  But the troll infestation I've noticed now is from the regreps site.  A few of you are apparently bored with your utopia, and have to have an outlet to vent deconstructive, worthless rants.... You're the trolls now.
Finally, I wish you the best whomever enjoys the regreps site, I hope you continue to enjoy it, and that is prospers.  Good luck in your endeavors.

STFU's picture
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Joined: 2007-06-29

If you think that DA2, william, and nancy are gone then I have a bridge to sell you.
As for why we like to come over here... to poke sticks at the retards, you included.  We could care less what you think.

Big Taco's picture
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Joined: 2006-11-15

Okay, troll.

STFU's picture
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Okay, piker.

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