Damn the economy

[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

[si_uk_lon_ok]

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.

[inteller]

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.

[FOTD]

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!

[dggriffi]

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

[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.

[spoonbill]

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!

[FOTD]

For The Love Of Money!

http://www.youtube.com/watch?v=p8LU7Up5exQ

[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...

[spoonbill]

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.

[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.

[spoonbill]

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!

[dggriffi]

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

[dggriffi]

On a more serious note.  Now is a good time to buy sin stock.

[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.