I know there are Bush apologists who say the economy is doing fine. I just got my investment statement and I disagree.
The Dow Jones is a hundred points lower today than it was a year ago.
Anybody else for President.
sounds like you are investing in the wrong crap then.
There is always some place in the world where money can be made.
My statement says I know what the hell I'm doing....not necessarily that the economy is doing well.
Since I missed out on the bottled water craze, I've put all my money into canned air.
(http://hudsonweb.net/writer/pics/spaceballs_large_05.jpg)
147% up on mine this year. Lots of Apple stock, metals, and mining. I'm still waiting on my XM/SIRUS merger to go through!
Wish I could do that every year. Usually around 14% - 20%. We've all taken a little hit this last week.
When they unleash this years stimulus package, I would like to encourage everyone to go buy an Apple with their gubment check.
Thank you!
Not a Bush apologist but any means, but the president has very little impact on the economy. Aside from his retarded spending habits - which is of course actually Congress deal, he has very little to do with the current downturn. I don't care if it's Clinton, or Reagan, or whatever politician is in the Whitehouse... their impact on the economy is limited.
Long term over spending. Promising future spending without funding. Encouraging home ownership to everyone. Screwed up immigration policy. Faltering education. Growing bureaucracy for small business. Increased compliance cost for corporations.
Gee, if only I could think of some economic problems that government has caused and/or should fix. Don't care who it is, my guess it whatever 'they' do to "fix it" makes it worse in the long run because it will involve more of 'them' in "it."
Not that I'm particularly worried about the current economy. The downturn was not severe enough before and the rebound to rapid. Way too many companies are still over valued. My money is over seas (moving lots to Japan) and doing just fine. I'll be brining it home in 6 months or so when things calm down/bottom out and profit from the panic.
My contrarian and over seas funds made 15-22%. Other funds 9-12%. I'm OK with that. Of course, I had a few losers (clearly too many lately), but as a whole I did acceptable.
Now is the time to buy, not sell. Remember, buy low and sell high. Not buy when things are going good and selling with things are bad.
And, RM, a year from now, it might be up 200 points from where it is now.
quote:
Originally posted by Wilbur
Now is the time to buy, not sell. Remember, buy low and sell high. Not buy when things are going good and selling with things are bad.
Just got off my morning buying spree.
INTL
more APPL
ARRS
and a great little fund AGRBX
quote:
Originally posted by spoonbill
quote:
Originally posted by Wilbur
Now is the time to buy, not sell. Remember, buy low and sell high. Not buy when things are going good and selling with things are bad.
Just got off my morning buying spree.
INTL
more APPL
ARRS
and a great little fund AGRBX
INTC?
AAPL?
Fund stops investor withdrawals (//%22http://news.bbc.co.uk/1/hi/business/7195391.stm%22)
Thats 20% of my pension tied up in that damn fund. At least I'll have 40 odd years for it to bounce back before I need that pension.
quote:
Originally posted by si_uk_lon_ok
Fund stops investor withdrawals (//%22http://news.bbc.co.uk/1/hi/business/7195391.stm%22)
Thats 20% of my pension tied up in that damn fund. At least I'll have 40 odd years for it to bounce back before I need that pension.
Hm. That's fascinating. Instead of runs on banks, a la 1929, we've got runs on 401k funds.
Are funds FDIC insured?
quote:
Originally posted by we vs us
quote:
Originally posted by si_uk_lon_ok
Fund stops investor withdrawals (//%22http://news.bbc.co.uk/1/hi/business/7195391.stm%22)
Thats 20% of my pension tied up in that damn fund. At least I'll have 40 odd years for it to bounce back before I need that pension.
Hm. That's fascinating. Instead of runs on banks, a la 1929, we've got runs on 401k funds.
Are funds FDIC insured?
Well this one definately isn't.
I think the problem is the fund is over invested in offices for financial services. Financial services are rather wobbly at the moment with lots of people being laid off and demand decreasing.
Oh and the UK has already had a run on a bank. It looks like it'll end up being nationalised as the government had to pump so much into it.
Is our media questioners so incompetent and unknowledgable that none asked a rather simple question.
"You are saying to give the middle and lower classes a tax rebate or gift or whatever to quickly stimulate the economy. Does it not follow that when Bush proposed and got tax breaks for the extremely wealthy a couple of times, that policy was wrong and may have contributed to our present problem. If more of the Bush tax breaks for the wealthy had been more equitably distributed, wouldn't we have had a more steady and stable stimuli to the economy? In other words was Bush like Reagan wrong on his early economic policies?"
http://www.truthout.org/docs_2006/011708M.shtml
New Inflation Data Explain Middle-Class Squeeze
By Kevin G. Hall
McClatchy Newspapers
Wednesday 16 January 2008
Washington - New data from the Labor Department confirm what most middle-class Americans already know: Inflation is squeezing them.
As consumer prices rose by 4.1 percent last year, the highest rate since 1990, the prices of basic essentials such as food, gasoline and health insurance climbed far more steeply, explaining why so many Americans are telling pollsters that the economy is their chief concern.
The Bureau of Labor Statistics reported Wednesday that the price of food and beverages rose 4.8 percent. At the same time, real weekly earnings failed to keep pace, rising 0.9 percent for the year. In the simplest of terms, a dollar earned bought less.
This partly explains why the economy so frustrates Americans.
"From a standpoint of the consumer, they react to (inflation) like a tax increase. They feel less wealthy, they feel pinched and they are looking for institutions or people to blame," said William Beach, an economist and the director of data analysis for the Heritage Foundation, a conservative policy-research organization.
The consumer price index collects price data on just about every imaginable good or service in 87 urban areas around the country. These data are culled, products are assigned numerical weight based on their relative importance to consumer spending, then an average change of prices is determined.
The Labor Department issues monthly reports on consumer inflation based on this data, detailing broad categories of consumer expenditures such as transportation, energy and medical care.
But these categories tell only a partial story of the middle-class squeeze.
Digging deeper into the data reveals, for example, that the price of bread rose 7.4 percent last year, almost twice the rate of inflation.
The price of eggs rose 29.2 percent in 2007, while the price of fresh whole milk was up 13.1 percent. Since July, when milk prices first soared, the price of fresh whole milk has risen by almost 23 percent.
"The kinds of things you purchase every day are going up (in price)," said Gus Faucher, the director of macroeconomics at forecaster Moody's Economy.com in West Chester, Pa. "People who are at the lower end of the income scale are going to feel that more."
It's not just rising food prices that are pinching the budget of working Americans.
The price of health insurance, another major political-campaign theme, rose by 10.1 percent last year. Medical inflation also continued to outpace the broader consumer inflation rate. The price of medical care nationally rose by 5.8 percent in 2007 and the price of medical care services rose by 5.3 percent.
But consumers perhaps most felt the energy-price squeeze. Gasoline prices rose 8.2 percent on average last year, the slowest rate of growth since 2002. But pump prices began climbing anew in October and for the last quarter of 2007 average prices rose by just more than 30 percent.
Similarly, the price of fuel oil used for winter home heating rose 7.4 percent for all of 2007, but in the last three months of the year rose by more than 27 percent.
On a brighter note, electricity prices also rose last year but by only 3.9 percent, slightly under the broader consumer inflation rate. The price of utility-provided, piped-in natural gas - largely a domestically produced product, unlike oil - fell 1.4 percent in 2007.
For baby boomers sending their children to college, tuition and expenses rose by 6.2 percent last year, the slowest rate of growth since 2001 but still rising faster than the inflation rate. The cost of attending a technical or trade school rose by 4 percent.
For working parents with young children, the cost of child care and nursery school rose 4.3 percent, slightly above the inflation rate. The cost of feeding and caring for Fido or other family pets rose 3 percent.
The cost of permanently checking out - funeral expenses - rose by 5 percent in 2007.
The inflation news would be worse if not for China. Prices for the types of consumer goods that are coming almost exclusively from China were down last year as in earlier years, serving to hold back broader U.S. consumer inflation.
Apparel prices fell 0.4 percent in 2007, footwear prices fell 0.9 percent and the price of furniture and bedding - China- and Brazil-dominated products that once were the domain of the Carolinas - fell by 0.9 percent.
The price of toys, which now come mostly from China, fell 4.7 percent last year. It's fallen every year since 1997.
quote:
Originally posted by grahambino
quote:
Originally posted by spoonbill
quote:
Originally posted by Wilbur
Now is the time to buy, not sell. Remember, buy low and sell high. Not buy when things are going good and selling with things are bad.
Just got off my morning buying spree.
INTL
more APPL
ARRS
and a great little fund AGRBX
INTC?
AAPL?
Yeah, sorry I'm a bit lexdisic.
My CREF stock went backwards....
quote:
Originally posted by spoonbill
quote:
Originally posted by grahambino
quote:
Originally posted by spoonbill
quote:
Originally posted by Wilbur
Now is the time to buy, not sell. Remember, buy low and sell high. Not buy when things are going good and selling with things are bad.
Just got off my morning buying spree.
INTL
more APPL
ARRS
and a great little fund AGRBX
INTC?
AAPL?
Yeah, sorry I'm a bit lexdisic.
Apple is a great buy following macworld. No matter what they announce, the stock goes down and then creeps back up until the next macworld.
The economy goes in cycles and we're heading into a downturn that is leading to a recession. I don't blame President Bush for something he has little control over.
Even the the growth of the 90s ended in a recession. The economy cannot continue to grow at 3 to 4% every year, it has to stop and take a "breath" from time to time.
I prefer a stimulus package that is a mix of quick money into taxpayers hands plus an incentive to invest in capital goods for small and medium sized companies.
I totally blame Shrub and his maggots. NOT BLAME BUSH? Then start paying attention.
How can you not understand?
Here. You will not read this in any Tulsa publications. But you will see the reprints here at TNF when it can help you be illuminated.
Op-Ed Columnist
Red, White and Blue Tag Sale
By MAUREEN DOWD
Published: January 20, 2008 WASHINGTON
When President Bush finished doing his sword dances and Arabian stallion inspections, when he finished making a speech in Abu Dhabi on the importance of freedom that fell flat, when he finished lounging in his fur-lined George of Arabia robe in the Saudi king's tent, he came home.
Or he came to what was left of home.
A Washington Post cartoon by Tom Toles summed it up best: "Great to be home," W. enthuses on Air Force One, heading toward the East Coast. "Anything interesting happen while I was gone?" Hanging on the skyline of New York is a sign reading: "U.S.A. Now a Wholly Owned Subsidiary of Foreign Investors."
Wherever he went, W. seemed dazzled by the can-do spirit of the J. Pierrepont Finches of the new Middle East. "It's important for the president to hear thoughts, hopes, dreams, aspirations, concerns from folks that are out making a living," he told Saudi entrepreneurs.
In Dubai, he commended young Arab leaders, saying, "The entrepreneurial spirit is strong."
In Abu Dhabi, he marveled at the royal family's plans to build a city based entirely upon renewable energy. "Amazing, isn't it?" W. said.
You know you're in trouble when your Middle East oil pump is greener than you are.
Even as W. played cheerleader for Arab business, the Arabs were cleaning our clocks — then buying them. Our addiction to oil has allowed our pushers in the Persian Gulf to go on a shopping spree to snap us up.
Hillary Clinton was right when she said it was "pathetic" that President Bush had to beg the Saudis to drop the price of oil.
One cascading rationale he offered for invading Iraq was the benign domino theory, that bringing democracy to Iraq would sway the autocrats in the region to be less repressive.
But when W. visited Saudi Arabia and Egypt last week, he did not have the whip hand. He could not demand anything of the autocrats in the way of more rights for women and dissidents, much less get the Saudis to help on oil production. He needs their help in corralling Iran, which has been puffed up by the occupation of Iraq.
So he was a supplicant in Saudi Arabia. The American economy is a supplicant, too.
Two decades ago, we fretted that Japan was taking over America when Sony bought Columbia Pictures and Mitsubishi bought a chunk of Rockefeller Center. But they overpaid for everything.
Now, because of Wall Street's overreaching, our economy depends on foreign oil and foreign loans to stay afloat.
China and Arab countries have a staggering amount of treasury securities. And the oil-rich countries are sitting on so many petrodollars that they are looking beyond prestige hotels and fashion labels and taking advantage of the fire sale to buy eye-popping stakes in our major financial institutions.
Like the president, Citigroup and Merrill Lynch came with tin cups to Middle Eastern, Asian and American investors last week, for a combined total of nearly $19.1 billion, after the subprime mortgage debacle blew up their books.
Citigroup, which raised $7.5 billion from Abu Dhabi in November, raised another $12.5 billion, including from Singapore, Kuwait and Saudi Prince Walid bin Talal. Merrill Lynch gave $6.6 billion in preferred stock to Kuwait, South Korea, a Japanese bank and others.
(While the great sage Bob Rubin was advising Hillary Clinton on sound fiscal policy, he seemed to be asleep at the Citigroup switch.)
As Warren Buffett has said, we are giving ourselves a party to feed our appetite for oil and imported goods and paying for it by selling off the furniture, our most precious assets.
When the president got back Thursday night from a trip that made it clear he has no clout overseas, he had to rush the ailing economy into intensive care.
Next to the cool, strong euro, the dollar is a comparative runt in the world's currencies. The weak dollar lets foreigners snap up real estate in Manhattan.
It is striking that the Bush scion, who has tried so hard to do the opposite of his father, also ends up facing the prospect of a recession in his final year in office.
Maybe if the president had spent the trillion he squandered on his Iraq odyssey on energy research, we might have broken the oil addiction.
Now it's a race between Iraq, stupid, or the economy, stupid, to see which one will usher out W.
The country is engaged in a fit of nativism and Lou Dobbsism, obsessing about the millions of Mexicans who might be sneaking across the border when billions in foreign money are pouring into Citigroup. You figure out what might be a bigger problem.
The national boundaries that really matter are the financial ones: Who's going to own the American economy?
We really need to push ahead with alternative energy sources and energy independance, away from oil. Was reading an article about how Europe is pushing for 20% of its energy to come from renewables by 2020. Great Britain is getting ready to gear up a huge initiative to have 12% of its energy from renewables by 2020. We arent going to be able to compete if we continue on the path we have been going. All those skyscrapers in Dubai and elsewhere in the region, most of that is our money at work. We burned up what we got in return to drive bigger vehicles than we need, farther than we need to drive, to work, and to the store, etc. Thats not competitively efficient. Its not just the oil rich countries buying our companies, its our competitiveness with europe that we also need to be concerned about.
I have heard speculations that the Saudies actually have a lot less oil reserves than they lead on and will run out sooner than many think. But they are trying to diversify their economies so they will be able to survive once the oil supplies really starts to diminish.
Found this interesting article just today.
http://www.nytimes.com/2008/01/20/business/worldbusiness/20saudi.html?_r=2&hp&oref=slogin&oref=slogin
AOX:
I'm probably not the only one so I'll go ahead and say it...
I've stopped reading your massive article posts months ago. You so consistently say "BLAH BLAH BLAH!" then cut and paste 3 pages with no comment on its content. Often a few times a day. Rarely does anyone respond to them.
Save the board space, just make your point and link to the article for support. If people want to read the article, they can.
quote:
Originally posted by cannon_fodder
AOX:
I'm probably not the only one so I'll go ahead and say it...
I've stopped reading your massive article posts months ago. You so consistently say "BLAH BLAH BLAH!" then cut and paste 3 pages with no comment on its content. Often a few times a day. Rarely does anyone respond to them.
Save the board space, just make your point and link to the article for support. If people want to read the article, they can.
Yeah they're all Op-Eds from garbage sources too.
I have to agree with the previous comments...formulate your own thoughts...not just "read this, it's brilliant...or at least I think it is"
Just b/c something is in the New York Times or Washington Post does not make it gospel.
Well, none of that being true, tomorrow the Fed will be forced to drop rates 75 basis points. If not, then soon. I am amazed at how low rates are getting. Many might go get a new mortgage just to invest the proceeds into the S+P index.
The efforts being put forward by our government are jokes.
There.
It really hurts when you attack while illumination is the goal. I'm having a serious Hillary moment. If you don't want to read or link then don't. That's free will no neo con may take away from you. And if you have an issue in a discussion forum regarding the content of an article then speak up.....
Oh, and you gotta read between the lines.
quote:
Originally posted by FOTD
Well, none of that being true, tomorrow the Fed will be forced to drop rates 75 basis points.
And we can watch the dollar waltz right over the cliff.
Oh well, at least that might stem the tide of cheap Chinese trinkets..or not. ;)
quote:
Originally posted by FOTD
Well, none of that being true, tomorrow the Fed will be forced to drop rates 75 basis points. If not, then soon. I am amazed at how low rates are getting. Many might go get a new mortgage just to invest the proceeds into the S+P index.
The efforts being put forward by our government are jokes.
There.
It really hurts when you attack while illumination is the goal. I'm having a serious Hillary moment. If you don't want to read or link then don't. That's free will no neo con may take away from you. And if you have an issue in a discussion forum regarding the content of an article then speak up.....
Oh, and you gotta read between the lines.
Wouldn't a good compromise be to just post the links to the articles that you'd like to share?
I've enjoyed some of the articles you've posted, but your postings remind me of the plastic signs planted in the city easements.
for those of you that haven't already hedged your positions, get ready for a LOT of pain tomorrow. It could wind up being a very historical day for the market....and I don't mean in a good way.
On one hand, this may present the begginings to a bottom which s/b over by 3rd quarter. On the other hand, a new era may be underway like 70-79.
Day traders? Remember them? The only good method to the market is long term.
AT THE CLOSING BELL WHEN BUSH TOOK OFFICE on January 22, 2001
Dow - 10,578.24
Nasdaq - 2,757.91
S&P 500 - 1,342.90
Oil - $27.69/bbl
Gold - $266.70/oz.
AT THE CLOSING BELL ON January 16, 2008
Dow... 12,466.16 -34.95 (-0.28%)
Nasdaq... 2,394.59 -23.00 (-0.95%)
S&P 500... 1,373.20 -7.75 (-0.56%)
Gold future... 882.00 -19.40 (-2.20%)
compare that to gold and oil.
WPE....1/20/09
quote:
Originally posted by inteller
for those of you that haven't already hedged your positions, get ready for a LOT of pain tomorrow. It could wind up being a very historical day for the market....and I don't mean in a good way.
I was going to disagree and predict the normal rally that occurs, but the FTSE has just opened and its not looking happy.
quote:
Originally posted by si_uk_lon_ok
quote:
Originally posted by inteller
for those of you that haven't already hedged your positions, get ready for a LOT of pain tomorrow. It could wind up being a very historical day for the market....and I don't mean in a good way.
I was going to disagree and predict the normal rally that occurs, but the FTSE has just opened and its not looking happy.
I may have spoken too soon, looks like its rallying.
Argh, bring on the pain!
(http://www.google.com/chart?cht=lfi&chc=finance&chs=230x130&chd=s:lSWcicb________________________________________________________________________,AIQXdWW________________________________________________________________________,hRTagaZ________________________________________________________________________&chco=4684ee,dc3812,ff9900&chlr=0.00%25%7C-1.64%25%7C-3.28%25%7C-4.92%25&chp=0&sig=Y_oud91ZVL_FyNWSB-lqaGSdMs4)
I acknowledge that the US markets needed a correction. After all, most of our major financial institutions are openly admitting they gambled heavily on the sub-prime and lost. Such ignorance deserves punishment. One can only hope it doesn't spread.
I had lunch this AM with a VP of a Tulsa area bank, they were less than sympathetic with the "big boys." From the brokers, to originators to the enabling banks who bought the notes - they all got greedy and tried to keep the ball rolling long past it should have leveled off. I have to agree.
Also, I do not think sending out checks for $500 to everyone to blow at BestBuy is the solution. I'll just have to pay it off later. Isn't spending money we don't have on crap we don't need the root cause of the problems in this country?
I just keep getting reminded how much I hate government.
Oh, and Federal Reserve - DONT CUT RATES IF INFLATION IS AN ISSUE! The preliminary inflation reports are not very good. You can't cut rates 3/4 if that is true - no matter how much political pressure there is (your not a political body, remember?). Please tell me you know what your doing.
XoXo,
c_f
ps. Nikkei average off 11% in the last 2 days. Buying Japanese growth fund tonight for sure. Most companies on the Nikkei are now trading below BOOK value coupled with a declining dollar. Come on me, beat the system!
The stock market is a roller coaster today. It dropped 465 points, rallied back all but a hundred of it, then plunged again. It has had a couple of hundred point drops in five minutes.
Here is a graph...
http://finance.yahoo.com/q/bc?s=%5EDJI&t=1d
quote:
Originally posted by RecycleMichael
The stock market is a roller coaster today. It dropped 465 points, rallied back all but a hundred of it, then plunged again. It has had a couple of hundred point drops in five minutes.
Here is a graph...
http://finance.yahoo.com/q/bc?s=%5EDJI&t=1d
I think the interest cut to 3.5% was totally reckless.
quote:
Originally posted by RecycleMichael
The stock market is a roller coaster today. It dropped 465 points, rallied back all but a hundred of it, then plunged again. It has had a couple of hundred point drops in five minutes.
Here is a graph...
http://finance.yahoo.com/q/bc?s=%5EDJI&t=1d
the 400 point drop was largely profit taking of a lot of individual investors. They all know that it is better to get out now and wait while the market gently rides down to where they can buy back in.
Buying season in about 4 weeks.
If you can't wait, do like someone else suggested and buy into the overseas funds. The last two days accelerated the time to buy by about 2 weeks.
The shorts on the banks are apready in force so I wouldn't try to ride that boat down because it is already there. Although BoA could shed a few more pounds.
Buy the future. The future is hydrogen, bio-ag, and minerals, specifically hafnium.
quote:
Originally posted by FOTD
Well, none of that being true, tomorrow the Fed will be forced to drop rates 75 basis points. If not, then soon. I am amazed at how low rates are getting. Many might go get a new mortgage just to invest the proceeds into the S+P index.
The efforts being put forward by our government are jokes.
There.
It really hurts when you attack while illumination is the goal. I'm having a serious Hillary moment. If you don't want to read or link then don't. That's free will no neo con may take away from you. And if you have an issue in a discussion forum regarding the content of an article then speak up.....
Oh, and you gotta read between the lines.
Looks like someone here can predict panic, pander to pompous posts, pounce pontificators, poo poo politicians, and protect privacy.
What a peesser!
although i think or debt load is putting alo to f pressure on the dollar
I still think that dropping interest rates will not printing more money would be a good idea
quote:
Originally posted by spoonbill
quote:
Originally posted by Wilbur
Now is the time to buy, not sell. Remember, buy low and sell high. Not buy when things are going good and selling with things are bad.
Just got off my morning buying spree.
INTL
more APPL
ARRS
and a great little fund AGRBX
In the five days since you posted your buys...
INTC down from 20.2 to 18.4
AAPL down from 168 to 138
ARRS down from 8.4 to 7.1
AGRBX down from 31 to 29
Great picking.
quote:
Originally posted by RecycleMichael
quote:
Originally posted by spoonbill
quote:
Originally posted by Wilbur
Now is the time to buy, not sell. Remember, buy low and sell high. Not buy when things are going good and selling with things are bad.
Just got off my morning buying spree.
INTL
more APPL
ARRS
and a great little fund AGRBX
In the five days since you posted your buys...
INTC down from 20.2 to 18.4
AAPL down from 168 to 138
ARRS down from 8.4 to 7.1
AGRBX down from 31 to 29
Great picking.
Well there's your problem! You've gotta hold things for a little longer than 5 days!
For The Love Of Money!
http://www.youtube.com/watch?v=p8LU7Up5exQ
Thanks for the investment advice, spoonbill...I thought the idea was to buy before stocks went up, not before they crash.
Apple is down another ten points in the last hour. You are like Eve in the Garden of Eden. You pick Apple and we all get expelled.
Losing $40 a share in five days...that is some tree of knowledge you got there...
quote:
Originally posted by RecycleMichael
Thanks for the investment advice, spoonbill...I thought the idea was to buy before stocks went up, not before they crash.
Apple is down another ten points in the last hour. You are like Eve in the Garden of Eden. You pick Apple and we all get expelled.
Losing $40 a share in five days...that is some tree of knowledge you got there...
Remember this post and talk to me in a year!
I'll remind you. I put it on my calendar.
i did 'okay' with my stock picks through last year.
had some losers, had some winners.
ended up breaking even, after fees and some misguided trades. I was pleased w/ that, considering my limited knowledge and lack of experience in the markets.
so far this year? ummmm. yeah. down 20% in less than a month.
hopefully the bleeding is going to stop soon.
I have no choice but to hold at this point, i might try and pick up more while cheap. Gonna play wait and see, though.
quote:
Originally posted by grahambino
i did 'okay' with my stock picks through last year.
had some losers, had some winners.
ended up breaking even, after fees and some misguided trades. I was pleased w/ that, considering my limited knowledge and lack of experience in the markets.
so far this year? ummmm. yeah. down 20% in less than a month.
hopefully the bleeding is going to stop soon.
I have no choice but to hold at this point, i might try and pick up more while cheap. Gonna play wait and see, though.
It's a great time to buy. I'm buying some additional 5 stars that are off price by as much as 20%. I think it still has a little ways to go down in some sectors, but I'm a fairly long term investor, so when I see the capacity to pick up an extra 15% to 20% on a stock I'm thrilled!
When i was a bit younger i worked for worldcom and they would give out options as bonuses. When the price of the stock started to drop from the 60's i remember a few people thinking that it would recover. Then the fraud announcement and the stock dropped to 5 dollars a share. One of the guys in my cube hall thought it would be smart to drop a clean 10K on stock at that point as he felt it would stabilize and eventually recover.
That didn't go well :)
On a more serious note. Now is a good time to buy sin stock.
Kind of missed the boat. Asia and Europe are each up 5%, my dumbass was going to look into funds this weekend and now I've lost out. Still time to buy in, but we missed some quick profits.
quote:
Originally posted by cannon_fodder
Kind of missed the boat. Asia and Europe are each up 5%, my dumbass was going to look into funds this weekend and now I've lost out. Still time to buy in, but we missed some quick profits.
I never paid attention to the market in India before all the alarmists started yelling at the start of the week. Seeing India drop 10% looked bad on the first day. I've watched it all week though, and I'm convinced that their markets just do crazy up and down movements on a daily basis. Whacky Indians.
quote:
Originally posted by cannon_fodder
Kind of missed the boat. Asia and Europe are each up 5%, my dumbass was going to look into funds this weekend and now I've lost out. Still time to buy in, but we missed some quick profits.
Did you manage to buy some asia funds before or after they dropped today? Or are you from the spoonbill school of economic theory where that all doesn't really matter as long as you buy.
quote:
Originally posted by si_uk_lon_ok
quote:
Originally posted by cannon_fodder
Kind of missed the boat. Asia and Europe are each up 5%, my dumbass was going to look into funds this weekend and now I've lost out. Still time to buy in, but we missed some quick profits.
Did you manage to buy some asia funds before or after they dropped today? Or are you from the spoonbill school of economic theory where that all doesn't really matter as long as you buy.
So my order this morning for 225 shares of AAPL at $131 is a bad idea?
quote:
Originally posted by spoonbill
quote:
Originally posted by si_uk_lon_ok
quote:
Originally posted by cannon_fodder
Kind of missed the boat. Asia and Europe are each up 5%, my dumbass was going to look into funds this weekend and now I've lost out. Still time to buy in, but we missed some quick profits.
Did you manage to buy some asia funds before or after they dropped today? Or are you from the spoonbill school of economic theory where that all doesn't really matter as long as you buy.
So my order this morning for 225 shares of AAPL at $131 is a bad idea?
I'd say so. I don't think there is anything wrong with apple, but its all in the timing. Good things come to those who wait.
quote:
Originally posted by si_uk_lon_ok
Did you manage to buy some asia funds before or after they dropped today? Or are you from the spoonbill school of economic theory where that all doesn't really matter as long as you buy.
I did not buy in yet. I did not spend the time to do enough research. So while I may have been better off just buying a general Asian fund, I prefer a slightly higher risk fund - but that requires more research.
I'll let you know what I buy into for your amusement.