Stock Market manana??

reno cool · 12-01-08, 02:33 AM

Does this mean the depression is over? I was just getting in the spirit. shit

reno cool · 12-01-08, 02:34 AM

how come shit don't make a picture anymore? Is it my browser?

Chi_archie · 12-01-08, 02:38 AM

Originally posted by reno cool

how come shit don't make a picture anymore? Is it my browser?

they allow the shit now...

I don't think we are anywhere near a bottom at 7500 or whatever our low was... i think we have worse days to come, too much bad news and too much correcting to do.... should be a long painful journey too many bubbles, bailouts, and greed will do that..

that's why i'm really suprised at last weeks rally.... and was expecting a huge downturn tomorrow, until I heard about the retail numbers...

wtf · 12-01-08, 02:48 AM

must be a dead cat bounce, i cannot see a RALLY or bull market

it just defys logic

MoneySportsGuy · 12-01-08, 02:56 AM

economy is doing great!

pavyracer · 12-01-08, 07:55 AM

I bought a lot when Dow dropped to 7500. My indicators show another 10% run this week with all the good news and then I will sell for a cool 30% profit.

Boner_18 · 12-01-08, 08:02 AM

Beware of the month of Dec. Individual investors will be taking losses for tax reasons all month. And while you shouldn't sell for tax considerations alone, if you have losses you can offset gains completely plus the lesser amount the amount of losses or $3000.

Offsetting ordinary income w/ cap losses is a nifty way to save tax.

Shark79 · 12-01-08, 08:04 AM

Holiday season .... ppl still dont realize the impact the economy will suffer ... and will continue to waist money as they are use too.

Chi_archie · 12-01-08, 09:01 AM

looks like it will open down

fiveteamer · 12-01-08, 09:35 AM

ok, I'll bite.

what's a manana?

Boner_18 · 12-01-08, 09:40 AM

supposed to be Spanish for tomorrow but its missing some Spanish accents.

fiveteamer · 12-01-08, 09:42 AM

ok.

wtf · 12-01-08, 10:45 AM

so pavy what your indicators say now?

Chi_archie · 12-01-08, 02:52 PM

indicators?

wtf · 12-01-08, 06:37 PM

mr pavy says his "indicators" tell him market will go up another 10%, well market down almost 8 today, so now has to go up more than 18% to meet his projections.

dle · 12-01-08, 06:47 PM

Buyers market.

I think GOOG, BNI, WMI and PG are absolute steals right now.

ShamsWoof10 · 12-01-08, 06:56 PM

Originally posted by Chi_archie

as i was driving, I was thinking that those black friday numbers might be mis leading,

...or maybe pure bullshit... Right below the sales figures was the jobless rate being at a 30 year high not to mention debt so I don't buy those numbers as being legit...

Rixsaw · 12-01-08, 07:24 PM

Given the current economic condition and consumer confidence, the market will take another nose dive after XMAS because of low sale figures. I don't recommend buying until after quarterly reporting in January. With that said, if you have a load of money under your pillow, then it's a good time to invest in some solid companies with low PE and debt ratio. It will make money over 12 or 18 months. One factor people always forget is that it's the end of the year. People will take a loss to offset their earning for tax purposes. It will drive the market even lower.

pavyracer · 12-01-08, 07:41 PM

I bought another big bunch of stocks this afternoon at a big discount. Basically every time it drops without a reason I add to my positions. The only way is up and you are missing the boat.

Chi_archie · 12-01-08, 07:45 PM

Originally posted by pavyracer

I bought another big bunch of stocks this afternoon at a big discount. Basically every time it drops without a reason I add to my positions. The only way is up and you are missing the boat.

without reason???

we are in a big big mess gonna take alot to dig out

I'm still dollar cost avg and trying to "time" the market in some senses.... I didn't buy at all last week and i'm gonna let us fall back some more this week before I think about buying.... There are some good deals out there for sure though..

pavyracer · 12-01-08, 07:51 PM

Originally posted by Chi_archie

without reason???

we are in a big big mess gonna take alot to dig out

I'm still dollar cost avg and trying to "time" the market in some senses.... I didn't buy at all last week and i'm gonna let us fall back some more this week before I think about buying.... There are some good deals out there for sure though..

I bought a lot the day it dropped below 7500 and I bought a lot today when it dropped 600 points. You buy low sell high. When the good news come tomorrow morning you will regret buying opportunities like today.

Chi_archie · 12-01-08, 08:01 PM

Originally posted by pavyracer

I bought a lot the day it dropped below 7500 and I bought a lot today when it dropped 600 points. You buy low sell high. When the good news come tomorrow morning you will regret buying opportunities like today.

I bought under 8k as well... but now I think we will see under 7k and we will just bounce between 6500-8500 until next summer at the very least....

what good news tomorrow?

there is nothing good long term IMO

wtf · 12-01-08, 09:32 PM

there is no good news coming. story on wires saying banks are pulling in their horns. BIG TIME. forcing people to save instead of spending wrecklessly. the whole dynamic is changin in front of our eyes.

pavyracer · 12-02-08, 01:18 PM

Originally posted by Chi_archie

I bought under 8k as well... but now I think we will see under 7k and we will just bounce between 6500-8500 until next summer at the very least....

what good news tomorrow?

there is nothing good long term IMO

You always buy at the sharp dip. It's like a rollercoaster. You always go up after a steep drop...maybe not as fast as you dropped but you still go up. It's Newton's law of physics.

jjgold · 12-02-08, 01:27 PM

Cd's are the way to go

Trading is for very experienced people only

pavyracer · 12-08-08, 11:16 AM

Originally posted by wtf

so pavy what your indicators say now?

I bought a lot when Dow dropped to 7500. My indicators show another 10% run this week with all the good news and then I will sell for a cool 30% profit.

I told you numbnuts it was going to go up another 10%. You guys bet 6 team parlays to win $1,000 but you are too scared to make some quick cash in the stock market.