Stock market

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Dark Horse
    SBR Posting Legend
    • 12-14-05
    • 13764

    #1
    Stock market
    Tremendous fear in the stock market these past weeks. I got out very near the highest point, and didn't ride the crazy daily fluctuations (although that could have been very profitable). What's been happening is that everybody waits until the last hour or half hour of trading, until there is a move. It it's up, everybody buys; if it's down, everybody sells (the reasoning being that there's not enough time left in the trading day for the trend to reverse). And so there have been huge moves in just the final half hour of trading each day. That's fear for you!

    You should see these experts on tv. Gambling addicts is what they are. They're all sulking, because they bet on the market to go up (like betting on a favorite). They always smile when the market is up, and try to hide their sadness when it is down. F*cking hilarious. Most of them are so square they never think to sell short and bet on the dog.

    The reason I post this is that a stock market collapse is possible on Monday. Not likely, but possible. Historically, it's happened on a Monday following a bad Friday. I won't be here next week, but if Monday is Black, you read it here first. People are ready to panic and, as in sports betting, public opinion determines the price.

    Things should blow over in a few weeks.
  • SBR_John
    SBR Posting Legend
    • 07-12-05
    • 16471

    #2
    This does not feel like a crash to me. I've picked up a few stocks that were sold hard like TimeWarner, ********** and Contiental Airlines. This sub prime issue will pass so I'm a buyer on sell offs. Rates are headed lower. The 10 year US bond was at a 5.20 yield a month ago and now its at 4.75. Thats a huge move. Not the foundation the bears need. A little more selling to clear out the weak hands then higher.
    Comment
    • jjgold
      SBR Aristocracy
      • 07-20-05
      • 388179

      #3
      Market is very dangerous now, I would buy Gold for the next few years instead and even oil still.
      Comment
      • ShamsWoof10
        SBR MVP
        • 11-15-06
        • 4827

        #4
        Originally posted by SBR_John
        This does not feel like a crash to me. I've picked up a few stocks that were sold hard like TimeWarner, ********** and Contiental Airlines. This sub prime issue will pass so I'm a buyer on sell offs. Rates are headed lower. The 10 year US bond was at a 5.20 yield a month ago and now its at 4.75. Thats a huge move. Not the foundation the bears need. A little more selling to clear out the weak hands then higher.
        Oh hell no this is far from a crash... The Dow in 02' when it was between 7K and 10K was going up and down 300-400 points on a daily basis that summer... That would be like 500+ point moves all summer... This is as you said.. "shakin' the tree"... I do not agree with a major drop as in 500 points or more in the near term... If that does happen that will likely be near the end of this correction as I believe we'll blow right past 14K by the end of the year...


        Originally posted by jjgold
        Market is very dangerous now, I would buy Gold for the next few years instead and even oil still.
        I agree with this but I think all three are gong up. Gold, Oil, and the Markets will move higher.. Inflation and a failing dollar (which is a corrleation I guess) will be one reason why...
        Comment
        • Dark Horse
          SBR Posting Legend
          • 12-14-05
          • 13764

          #5
          I'll jump back in somewhere in the second half of the month. Too much fear right now. Don't mind instability, but fear is hard to get a read on. Better to let it blow over. I could see an ugly Monday, but not a prolonged crisis.
          Comment
          • SBR_John
            SBR Posting Legend
            • 07-12-05
            • 16471

            #6
            It looks more like the ususal late summer correction after nearly a year of trading towards higher ground. There are some losers like builders and some lenders.

            I'd use this weakness as an opportunity to start nibbling on your short list of favorites. Collect a position over a few orders. Put in a bid under the price.
            Comment
            • Pedro
              SBR Sharp
              • 08-23-05
              • 305

              #7
              The fallout from the housing crisis will only get worse.

              Liquidity is disappearing by the day.

              The US economy will start sliding into a recession by the end of the year or the beginning of next year.

              When an economy is propped up by people buying houses that they cannot afford, it's only a question of time until shit hits the fan.

              Dollar is going down the crapper, so I would stick to gold.

              Just my 2 cents.

              Pedro
              Comment
              • SBR_John
                SBR Posting Legend
                • 07-12-05
                • 16471

                #8
                Yea, another crappy day only UP less than 300 points on the Dow .

                I looked at one this morning I had bought Friday and it was down $7. WTF! Then got busy and didn’t check until after the close. Closed +$5. BTW, the company is ********** (MA). This is a great long term play for those looking for a non tech growth situation. Indeed these are volatile times. .
                Comment
                • And423Rew
                  SBR Rookie
                  • 08-05-07
                  • 9

                  #9
                  the stock market is very dangerous right now but it is far from a collapse. i predict a good first two to three days of the trade week this week. but i think it will be another ugly friday.
                  Comment
                  • ShamsWoof10
                    SBR MVP
                    • 11-15-06
                    • 4827

                    #10
                    Originally posted by SBR_John
                    BTW, the company is ********** (MA). This is a great long term play for those looking for a non tech growth situation.
                    I agree...

                    I also still believe this market will blow 14K out of the water by years end...
                    Comment
                    • SBR_John
                      SBR Posting Legend
                      • 07-12-05
                      • 16471

                      #11
                      Its setup to close higher. How high I couldnt begin to guess. I dont think we have put in a near term bottom just yet. But after today maybe we have.

                      Watch consumer spending. The blistering pace is going to fade in the 2nd half of the year. For sure I think if a new low occurs it will be for some other reason than the recent sub-prime related sell off.
                      Comment
                      Search
                      Collapse
                      SBR Contests
                      Collapse
                      Top-Rated US Sportsbooks
                      Collapse
                      Working...