china down again big (6%)....expect another bad day tomorrow.
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It's funny how after the fact people say oh just buy
Nobody knows anything about financial markets it's all randomComment -
I'm not saying we're at a bottom, but there are some good companies whose stock is 20 or 25 percent cheaper than it was 30 days ago. There often is no reason for what the market does; you simply have to accept that or you'll go nuts trying to figure it out.
The one thing I'll never understand is these talking heads on TV, and their "experts," who think $38 oil is a bad thing. It can only be good for the U.S. economy.Comment -
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At that point, what I described, would not be "trading" it would be investing. So if a market stays oversold for 20 years it doesn't matter, looking at 20+ year horizon. No matter how you slice it, leaving easy money on the table. Historically market goes up 2 out of every 3 years. In the long run, you can't lose. That noble janitor a year ago who passed away is the prime example; school janitor his whole life so obviously not making very much, put all his extra income in the market after charity and passed away with $8million. And the guy didn't make any financially savvy moves or trades, he just invested in what he knew and paid dividends.
Calling a bottom isn't hard for me so far, sure wasn't after the last two crashes. All about P/E ratio, who knows what happens when it gets to high but I can guarantee what will happen when it gets too low.
and I got the same silver trade in my pocket for the future, same with oil.Last edited by brooks85; 08-25-15, 08:31 AM.Comment -
nobody knows if market goes up or down daily
Its why daily line is like -115 either wayComment -
probably going to be a lot of swings this week
vix should do wellComment -
Still not sold on this HOT START. I still say it ends close to zero with hardly any gain.Comment -
Uhhh....not sure where you're coming up with this?? Open your eyes, motherfukker.
There's LOTS of guys posting here that know EXACTLY what the market is going to do. Some of them can even tell you what will be happening years from now.
Scary to think how much money these guys must be making.
#eliteforum
#blessedComment -
C'mon cheerleaders of this beast system. Refinance your house quick and dump it all in Apple, caterpillar or my favorite Olin.
Today is the day the peasants eat! Hoo rah!
GET SOME!Comment -
Called it. We're still in some serious trouble... don't care what all the hot shots say. Break even doesn't mean dik.Comment -
market faded late
not a good signComment -
People getting buried left and right. Jumping out of buildings tomorrow...Comment -
15,666.44
Interesting numbers. Possibly a signal?Comment -
Just an example. Not saying this pertains to you or anyone else.
Say you have Stock A that was at 100 last week, and it drops to 60 this week. Everyone gets all excited, and says "wow, Stock A is 40% cheaper that it was last week!! Buy it!" And mathematically they are correct of course, but that doesn't mean Stock A is "cheap". Big mistake assuming that. Lots of things go into a stock being over or under-valued, far more than what most people just look at.
Then it drops to 50, then 40, then all the way to 20.
Problem is, you bought it at 60. Now your sure thing needs to go up by 300% for you to break even. Stock A had to close a bunch of stores and reposition its finances on a much smaller scale. Chances of you breaking even now are nil.
You may have gotten a couple right, but it just takes one of these to undo all of it.
The market loves it when the public think they're smarter than them and reacts accordingly. Freakin loves it.Comment -
Here is one way it could be bad: according to American Petroleum industry, 9.8m people work in oil and gas related industries. That number is inflated but let's assume it's half right. That's almost 5 million people who rely on an industry that may see revenues cut by a third. When revenues get that low you can't invest in new machinery or new oil fields meaning jobs are lost in multiple places.
Slow shifts in the economy are good. When we move from oil to solar for instance, that trains new people on things, cutting edge technology and all that. drastic ones are hurtful because it puts too many out of work at the same time and the economy can't absorb them!!Comment -
dow 10,000 imminent. some are saying dow 5000.Comment -
We're always going to get inflated numbers by corps. I would say 10,000 is about right. I have no clue how fast it will get to 10 though?
1. How do the Rich constantly trade on the Rich? It's practically impossible. (They never wanted the middle class in this market anymore. And you need them to balance this thing out.)
2. How does government constant aid to 50% - 60% of the USA citizens affiliate with the market? It has to be negative in some fashion.
Regardless if the market collapses now or later.... it will eventually do so. There is nothing backing this thing up... the market HAS ZERO BACKBONE. It never had one.Comment -
How do rich trade the rich?
Asset inflation they have been doing it the last several years, see income inequality also see QE4 (coming soon)Comment -
Disagree with the backbone. The market At is core is based on sound fundamentals. All the buildings the companies own, all the product, that is worth something. The problem is that the market has gotten away from fundamentals and is totally driven by derivatives. People "betting" on things without the financial means to absorb that true risk. Everyone manages to quarterly reports and not long term success. I'm a Chicago booth grad heavily educated in those instruments and I truly believe that is going to be the downfall of the economy.
We saw it in housing. The banks didn't penetrate up, investors needed more and more so banks took more and more chances and sold that risk to consumers. Consumers couldn't actually absorb that risk and boom. Collapse. I'm a believer in free markets but the derivatives mean the market cap and true value are very different numbers and that spread can kill the economy.Comment -
“Then when the Lamb opened the third seal I heard the third living creature saying, “Come!” So I looked, and here came a black horse! The one who rode it had a balance scale in his hand. Then I heard something like a voice from among the four living creatures saying, “A quart of wheat will cost a day’s pay and three quarts of barley will cost a day’s pay…”
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Double up and put all faith in this beast system.
GET SOME!!Comment -
bear market for a while
have to pick your spots menComment -
The dow finished at 15,666.44.
15- the year
666- Satan
44- Obama 44th President.
Nothing to see here move along, double up and get some!Comment -
Ok, I'll try again.
Dow closes down over 200 points after a day which looked like a small recovery.
Dow finishes the day at a strange number.
15,666.44
2015
666
Obama 44th pres
Amazing coincidence, or no coincidence at all?Comment -
And by the way, on November 5th the day of Obama winning the election, the pick 3 for Illinois was, guess what?
666Comment -
Serta or Sealy
Which mattress should I be hiding my money under?Comment -
I doubt many here even have 5k to invest
markets for the rich
middle class get chewed aliveComment
