hoping to see it go under 7,500 or 7,000 in the next few weeks, and start buying up some bargains for long term.
can't see any good news on the horizon
can't see any good news on the horizon
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You figure it has to about hit rock bottom wouldn't you?
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I think we have a ways to go, BBD.... we may not dip too much lower, unless somthing really unexpected happens...not below 6500 anyways.... but I don't see us going over 9500 until late summer at the very very earliest...
things won't be good again for 2-3 years..... which is fine, i hope we go through this much needed correction and don't create anymore inflationary bubbles to prop things up...Comment -
financials just keeping this market fukked.Comment -
I think maybe in 3 years the economy will start to book again, we need to hang in there.Comment -
I'm pretty confident that it wont break the low of 7,400 established this fall.Comment -
I'm looking for a double bottom. It may even happen tomorrow or Thursday.Comment -
Stocks are more of a gamble than sports.Comment -
Originally posted by pavyracer
IWINYOURMONEY is looking for a double bottom tonight at the barComment -
Originally posted by treece
Legalized gambling, that's all it is.Comment -
Originally posted by Poker_Beast
stocks are much safer then gambling.....
and while it has risks.... hardly a legalized form of gambling
you can't just say that anything that has risks is "gambling" otherwise everything you do and every transaction you make is "legalized gambling"
I Expect to lose money at gambling long term...its a fun hobby...somtimes i win for short periods of time...
I EXPECT to gain quite a bit of money and Have in stocks I bought during college 97-01... and expect to gain alot of $ in the stocks i'm buying now....
gambling is near-sighted Investing is far-sighted... or the other way around... I always get confusedComment -
Correct, no good news coming. Not only will it take some good news, but it will take continuous and sustainable good news to put the market on a long-term upward course.Originally posted by Chi_archie
Wait until the crash in commercial real estate. The Dow will be in the 6000's. We ain't seen nothing yet. I put my 401k in cash and bonds in January 2008 and it's saved me a fortune so far.Comment -
Originally posted by hinese
dipping back below 8k again today...will prob end over though
Hinese.....when will commercial real estate really tank? Is it not doing really bad already? Why would it be doing better then new/old home sales?Comment -
Yeah, today is not a good day. I'm getting burned left and right. The silver lining for me is that I have a large stake in GE and was worried that the dividend was at risk since that is the real reason I am in the stock. Jeff Immelt announced earlier that the dividend yield should hold. Hello 9%!!Comment -
Amen brother. My 401k is in bonds since mid December when the Dow was at 9,000. My bond fund is up 4% since and the Dow is down 15%. In this market you have to learn how to make money both ways.Originally posted by hineseComment -
The stock market and banking system is the darkest, most corrupt field you will ever find. Safer than sports betting?! These type of swings would have most sports bettors gasping for air.
Can't wait for the movie The International.Comment -
Dodged a bullet today.
People are so freaked out these days that the market, much more so than normal, is at the mercy of whatever appears in the media. You want to pick up a stock cheap? Pay a journalist to write a negative article. It doesn't have to be true. People will drop that stock like rats fleeing a sinking ship.Comment -
I'm a broker at J.T. Marlin. Call me.
There's this new drug on the horizon that is simply waiting for FDA approval. It's going to be dynamite.
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Look at aoag. Reasearch it yourself just a penny stock at the moment. bought it acouple of weeks ago at 5 and dumped it at 9 wen't to 12 large volume of trading of late donwn to 4 at current close after doing some reasearch you'll see why I see this stock a buck+ by mid july early augComment -
OK folks, the market will make a series of lower highs and eventually make its way down to 6200 or even 5200. Stay short and collect the cash on everone else's misery. Its the American way.
For real though, the entire economy is based on consumption, and Americans aren't consuming right now which means that there will be no earnings for the companies. Earnings are the fuel that makes the stock market go up.
Rage you say, so why does the market go up at all if all this shit is true that you say? Of course the answer is that the market has about 4 rallies a year. Check last year and you will see I ain't bullshiiting, anyways all of the rallies since November 2007 have been short covering rallies, which means people like myself who are mostly short the market, don't make any money until we buy the stock that we are short in back so we can return it to the broker. This causes the stock price to rise in the short term.Comment -
Well the only thing that can make market rally is Obama pumping Billions into economy, this guy will do anything to get re-elected again even if it is a false bull market.Comment -
JJ you are sooo right. This has been the standard practice for each President since Clinton, and since they won't let the market die out, it gets a little worse than before. So like I predicted earlier, the market will get a boost before we hit 5200. It doesn't matter however, if you play the momentum and get out of the way of a moving train or even better hop on the moving train for the ride no matter which way it goes.Originally posted by jjgoldComment -
It will also take time to see the effect of pumping money into the economy, until spending increases, companies earnings will decreasing or stagnant at best. Increase spending, increase earnings, and then we are out of this drought.Originally posted by jjgoldComment -
We are all DOOMED...you realize the government owns our banks now? Nothing feels worse knowing I am being tax and then charged interest on my money when I take out a loan. FOOLS!Comment -
Learn how to make money both ways. I'm up 5% the last 6 weeks from owning bonds. You got to be sharp to make money in the stock market. I made 20% since October because of fear of others. When fearful people sell you buy and when hopeful people buy you sell.Comment -
Somebody should get the odds maker here to post the line
for 6100 because it'll be that close by the time it's done
bottoming out.
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Originally posted by ShortstopI'm a broker at J.T. Marlin. Call me.
There's this new drug on the horizon that is simply waiting for FDA approval. It's going to be dynamite.
yeah Shortstop!!!
boiler room is a great movie I need to go dig that up and watch itComment
