MarketWatch! (was: If market drops more by the end of today: GET OUT)
#63
Boost Pope
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Well, how about:
So, a show of hands: Who liquidated on Friday? Personally, I'm glad I procrastinated and didn't quite get around to entering those sell orders I'd been contemplating.
So, a show of hands: Who liquidated on Friday? Personally, I'm glad I procrastinated and didn't quite get around to entering those sell orders I'd been contemplating.
#64
Well, how about:
So, a show of hands: Who liquidated on Friday? Personally, I'm glad I procrastinated and didn't quite get around to entering those sell orders I'd been contemplating.
So, a show of hands: Who liquidated on Friday? Personally, I'm glad I procrastinated and didn't quite get around to entering those sell orders I'd been contemplating.
I bought . AAPL looked too good to resist.
My WAG is that tomorrow it might swing back down a bit, if it does I'll buy some more.
#68
Boost Pope
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Join Date: Sep 2005
Location: Chicago. (The less-murder part.)
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Yup. Maybe things will stabilize, maybe this was just a tease and and we're headed for prolonged slump. Any move could be a losing move, including doing nothing at all.
I'm extending and sweetening my offer- US$50k (or the equivalent in Euros, Turkish Lira, latinum,... your choice) to the person who gives me an accurate summary of exactly what the market is going to do over the next 12 months.
I'm extending and sweetening my offer- US$50k (or the equivalent in Euros, Turkish Lira, latinum,... your choice) to the person who gives me an accurate summary of exactly what the market is going to do over the next 12 months.
#72
Well, how about:
So, a show of hands: Who liquidated on Friday? Personally, I'm glad I procrastinated and didn't quite get around to entering those sell orders I'd been contemplating.
So, a show of hands: Who liquidated on Friday? Personally, I'm glad I procrastinated and didn't quite get around to entering those sell orders I'd been contemplating.
#75
Elite Member
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Well I stayed in and at least for now I am glad I did. There will be another drop probably around Christmas due to the likely reports of poor retail performance. But then again that may already be priced in, unless they are worse than expected. There could also be some profit taking over the next few days too.
All being said, I am still long-term Bullish and am staying in. As said before, market timing is really, really difficult, and damn near impossible for the average schmo. "Damn it Jim, I am an Engineer, not a Financial Analyst!"
I'll trust Buffett over North anyday. +1 on reading the fool.com beginner's info. Also get this book:
http://www.amazon.com/Personal-Finan...3999997&sr=8-1
Y2K, biggest non-event in recent history. After Y2K, cheap generators and cheap water tanks were everywhere. And now there is lots of cheap stock and cheap houses to be found.
All being said, I am still long-term Bullish and am staying in. As said before, market timing is really, really difficult, and damn near impossible for the average schmo. "Damn it Jim, I am an Engineer, not a Financial Analyst!"
I'll trust Buffett over North anyday. +1 on reading the fool.com beginner's info. Also get this book:
http://www.amazon.com/Personal-Finan...3999997&sr=8-1
Y2K, biggest non-event in recent history. After Y2K, cheap generators and cheap water tanks were everywhere. And now there is lots of cheap stock and cheap houses to be found.
#76
It seems you unaware of the massive corruption that grew and led to this crash:
http://www.financialsense.com/Experts/2008/Burrell.html
You'd better listen to Bud Burrell above before you decide to be long term bullish.
http://www.financialsense.com/Experts/2008/Burrell.html
You'd better listen to Bud Burrell above before you decide to be long term bullish.
#77
Oh and his financial blog web traffic info http://www.alexa.com/data/details/tr...tycheck.com?q= Barely any. Hmmm......
#78
brg, Burrell is just one of the many who warn of the endemic corruption and weak fundamentals. It's just that this one interview with him covers a lot of the corruption:
- Community reinvestment act and ACORN which led to the rise of subprime mortgages
- Repeal of Glass-Steagal Act
- SOX
- "Mark to market" accounting
- lifting leverage ratio limits
- lifting of uptick rule
Here's another article explaining the derivatives bubble:
http://www.webofdebt.com/articles/it...erivatives.php
- Community reinvestment act and ACORN which led to the rise of subprime mortgages
- Repeal of Glass-Steagal Act
- SOX
- "Mark to market" accounting
- lifting leverage ratio limits
- lifting of uptick rule
Here's another article explaining the derivatives bubble:
http://www.webofdebt.com/articles/it...erivatives.php
#79
Boost Pope
iTrader: (8)
Join Date: Sep 2005
Location: Chicago. (The less-murder part.)
Posts: 33,026
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Well, what an amazingly interesting day this was. The market rallied strongly at the outset, with the Dow gaining over 400 in the first few minutes of trading before giving it all back and retreating to neutral ground. Despite afternoon turmoil which set the day's swing at just over 700, in the end yesterday's gains remained largely intact as the Dow closed down a mere 76.6 points.
As a point of sheer amusement, I'd like to quote myself from Sunday:
Well, I was close.
In all seriousness, there are a couple of things that everyone seems to be thinking but nobody seems to be saying.
1- Jason, does it bother you at all that most of the financial writers you are linking to seem to fall broadly into the "I have a tinfoil hat" category insofar as public perception is concerned? I'm trying to be constructive here: it doesn't matter if these guys correctly predicted the second coming of Jesus Christ if the audience is not receptive to them. Perhaps in the future you could present information in a way that does not immediately cause the recipient to wrote off the author as a nutjob? People who advocate a return to the gold standard, for example, are not likely to be taken seriously. It's just not gonna happen.
2- By contrast: (to everyone else) Yes, there are a lot of wack-jobs out there, and no doubt a lot of what they say is either groundless, misleading, paranoid, or outright false. In this way, they are very much like the rest of the mainstream media. Who will find the small nuggets of truth in their arguments?
As a point of sheer amusement, I'd like to quote myself from Sunday:
At Tuesday's opening bell, the market rallies briefly before turning into another nosedive.
In all seriousness, there are a couple of things that everyone seems to be thinking but nobody seems to be saying.
1- Jason, does it bother you at all that most of the financial writers you are linking to seem to fall broadly into the "I have a tinfoil hat" category insofar as public perception is concerned? I'm trying to be constructive here: it doesn't matter if these guys correctly predicted the second coming of Jesus Christ if the audience is not receptive to them. Perhaps in the future you could present information in a way that does not immediately cause the recipient to wrote off the author as a nutjob? People who advocate a return to the gold standard, for example, are not likely to be taken seriously. It's just not gonna happen.
2- By contrast: (to everyone else) Yes, there are a lot of wack-jobs out there, and no doubt a lot of what they say is either groundless, misleading, paranoid, or outright false. In this way, they are very much like the rest of the mainstream media. Who will find the small nuggets of truth in their arguments?
#80
Elite Member
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Location: San Antonio, Texas
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I think SOME of the media, particularly mainstream, is in a small part responsible for the volatility and the panic. With all of the competition with other news outlets, sensationalism is what is used more often than not to get people's attention. Form one day to the next, even on CNNFN, the headlines vary from implications of "We are all headed to the poorhouse" to "We are all going to get filthy rich" depending on if the market goes up or down that day.
Por ejemplo... The other night I was channel surfing and saw Glenn Beck on CNN (mainstream media) go off on this nonsensical tirade of why the market is behaving the way it is. IMO his editorial was really pretty silly, and was clearly meant to provoke an emotional response in the viewer. I listened to the end of what he had to say out of curiosity but changed the channel soon after.
For the record I am not blaming the media. Ultimately we are all responsible for filtering out the crap from the cream.