If the DOW hits 11,000 again, DUMP EVERY OUNCE OF STOCK YOU OWN

djiddish98 · 07-13-10, 08:26 AM

What would you move into?

Fishhead · 07-13-10, 08:26 AM

Those individuals having $50,000+ in the stock market and not with offshore sportsbooks are making a remarkably terrible mistake financially.

Sledge187 · 07-13-10, 08:29 AM

I will only listen to you because you have alot of SBR points.

pat venditto · 07-13-10, 08:30 AM

Stock market is for suckers.

Nothing like gambling and than paying 40% of your profits to the government.

bighank33 · 07-13-10, 08:35 AM

venditto is right on with that statement

blackbeSSt · 07-13-10, 08:43 AM

Originally posted by djiddish98

What would you move into?

sbr thongs

Fishhead · 07-13-10, 08:44 AM

Originally posted by pat venditto

Stock market is for suckers.

Nothing like gambling and than paying 40% of your profits to the government.

Not to mention commissions and fraud

alling · 07-13-10, 08:50 AM

You got that right. This recent rally has been on declining volume. Classic suckers rally. Fundamentals suck. Look at all the unemployment issues. Real estate market is still crashing.

And last but not least:

Dow Repeats Great Depression Pattern: Charts
Published: Monday, 5 Jul 2010 | 5:31 AM ETText Size
By: CNBC.com
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The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.

“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.

The Dow retreated 457.33 points, or 4.5 percent last week, to close at 9,686 Friday. Guppy said a Dow fall below 9,800 confirmed the head and shoulders pattern.

The Shanghai Composite is seeing a very rapid collapse, falling below 2,500, which suggests the major fall in the Dow, he added.

In the European markets, Guppy says Frankfurt's Dax is witnessing a different pattern to London's FTSE.

Guppy uses the broad trading band as measurement- giving the Dax a downsize target of 1,500. The same head and shoulders pattern seen in the Dow can also being seen in the FTSE, he added.

Access Denied

http://www.cnbc.com/id/38092759

Chi_archie · 07-13-10, 08:58 AM

word

Rookie-Capper · 07-13-10, 09:10 AM

gold and silver would be a hedge against a failing economy

lyon804 · 07-13-10, 09:19 AM

Originally posted by Fishhead

Those individuals having $50,000+ in the stock market and not with offshore sportsbooks are making a remarkably terrible mistake financially.

FH, you are brushing with too wide a paint brush this morning.. I understand what you are saying but for the sake of honesty let's be real here.

Most SBR posters would wipe thru 50K in a sports account much quicker than a investment account.

I am very well aware of both investment scenarios and they are very similar but for the average person....asssuming they are not trading on margin it's would take a while for the stupidest of investor/traders to wipe thru 50K.

Your average SBR poster has no business in the sports market and will suffer adversity and begin to chase and wipe 50K before you know it.. And you know this I am assuming from working in the booking business.

jjgold · 07-13-10, 09:25 AM

Move your money into oil and gold futures
Buy a few oil stocks

EaglesPhan36 · 07-13-10, 09:28 AM

I have stock in an oil company that sucks South America dry. I won't be selling anything.

DrunkHorseplayer · 07-13-10, 09:42 AM

Originally posted by Fishhead

Those individuals having $50,000+ in the stock market and not with offshore sportsbooks are making a remarkably terrible mistake financially.

Unless one is among the 0.1% of people who truly know how to gamble, this is 100% wrong.

MonkeyF0cker · 07-13-10, 09:43 AM

Originally posted by Fishhead

This may be the last GOOD chance to save 10-50% on one's portfolio over the course of the next 3-5 years.

Don't kid yourself, this country is in one helluva shape.

If the OIL SPILL gets contained over the next few days, look for a blind surge in the market, thus providing a great EXIT POINT for many with large positions.

GOOD LUCK

FH

LOL. So in 3-5 years you anticipate the Dow to be anywhere from 5500-9900? Good God. If anyone actually takes your "advice" with any more than a grain of salt, they should shoot themselves.

Fishhead · 07-13-10, 09:49 AM

Originally posted by MonkeyF0cker

LOL. So in 3-5 years you anticipate the Dow to be anywhere from 5500-9900? Good God. If anyone actually takes your "advice" with any more than a grain of salt, they should shoot themselves.

Funny, as I had hundreds of people stating something similar to what you just stated when I recommended to the masses to GET OUT in OCTOBER OF 2006 when the DOW hit 12,000 and stated that in 3-5 years the DOW would be under 10,000.................

Sure as shi* the market did just that and more.

jjgold · 07-13-10, 09:56 AM

Scalping and middling sporting events might be your safest investment right now

Justin7 · 07-13-10, 09:57 AM

Fishead, care to make a wager on the stock market?

I bet that once the market hits 11k, two things will happen:
1. It will hit 12k within 3 years, and
2. It will hit 12k before dropping back to 10k.

Which side of that bet would you take, at even money?

Fishhead · 07-13-10, 09:57 AM

Originally posted by jjgold

Scalping and middling sporting events might be your safest investment right now

ENJOY an SBR POINT on me for this very intelligent statement.

FH

Fishhead · 07-13-10, 10:05 AM

Originally posted by Justin7

Fishead, care to make a wager on the stock market?

I bet that once the market hits 11k, two things will happen:
1. It will hit 12k within 3 years, and
2. It will hit 12k before dropping back to 10k.

Which side of that bet would you take, at even money?

The market may not even reach 11,000 for days and days....................or months and months.

Will not allow myself to have money tied up for who knows how long with such a silly wager.

One of the best investments you can make these days is betting with FISHHEADWAGER, where winners get paid fast and losers garnish unbelievable REBATES anywhere from 10-200%.

Justin7 · 07-13-10, 10:07 AM

Your money isn't tied up, Fish. I'm just curious how confident you really are in your belief that the market will continue to tank.

If you had a credit account to make this bet, would you bet against me?

wtf · 07-13-10, 10:09 AM

why cannot monkeyhomo disagree without getting nasty?

is he mentally retarded ?

Fishhead · 07-13-10, 10:11 AM

Originally posted by Justin7

Your money isn't tied up, Fish. I'm just curious how confident you really are in your belief that the market will continue to tank.

If you had a credit account to make this bet, would you bet against me?

No sir

I have little interest in wagering anything involving the crooked stock market.

milwaukee mike · 07-13-10, 10:11 AM

all depends on what stocks you're in, it's not a "stock market" it's a "market of stocks"

if i can hold companies like bkmu (ultra-conservative bank) trading at 5.60 with 8.70 in book value there's not a lot of risk there no matter what the market does.

otherwise i whole-heartedly agree with you fishhead, the consumer will eventually get tapped out when these 99 weeks of unemployment benefits run out for people

the u.s. is now over 70 TRILLION DOLLARS IN THE HOLE with medicare/ss entitlements - that is completely unpayable

Fishhead · 07-13-10, 10:12 AM

Originally posted by wtf

why cannot monkeyhomo disagree without getting nasty?

is he mentally retarded ?

Just his style and persona..............nothing wrong with it.

Personally, I like his attitude and swagger.

konck · 07-13-10, 10:12 AM

I have a lot of YZC I bought it at around 6.80 and 8.00 (currently 20 was higher) its a solid stock I got it from Vector Vest
I think now the market should at least hold for a while the China market is going well, I dont think
a solid cap on the gushing oil will have much of an impact now everyone has been expecting the seal.
I think with Obama extending the credit for housing that will help as soon as it stop the housing market
dropped 12% in a month.

Fishhead · 07-13-10, 10:13 AM

Originally posted by milwaukee mike

all depends on what stocks you're in, it's not a "stock market" it's a "market of stocks"

if i can hold companies like bkmu (ultra-conservative bank) trading at 5.60 with 8.70 in book value there's not a lot of risk there no matter what the market does.

otherwise i whole-heartedly agree with you fishhead, the consumer will eventually get tapped out when these 99 weeks of unemployment benefits run out for people

the u.s. is now over 70 TRILLION DOLLARS IN THE HOLE with medicare/ss entitlements - that is completely unpayable

This is a valid point.

Even Jim Cramer is correct when he states there is always a bull market somewhere.

MonkeyF0cker · 07-13-10, 10:13 AM

Originally posted by Fishhead

Funny, as I had hundreds of people stating something similar to what you just stated when I recommended to the masses to GET OUT in OCTOBER OF 2006 when the DOW hit 12,000 and stated that in 3-5 years the DOW would be under 10,000.................

Sure as shi* the market did just that and more.

All it proves is that you're consistently a bear. It doesn't prove that you have ANY insight into economic trends or that you had any indication of the banking sector woes. None whatsoever.

milwaukee mike · 07-13-10, 10:13 AM

although i disagree with warren buffett's advice on a lot of things, i like the fact that he says don't buy stock in any company you wouldn't be willing to hold for 10 years if the stock market was closed.

so safer stuff that pays decent dividends like ko, wmt, t

MonkeyF0cker · 07-13-10, 10:16 AM

Originally posted by milwaukee mike

all depends on what stocks you're in, it's not a "stock market" it's a "market of stocks"

if i can hold companies like bkmu (ultra-conservative bank) trading at 5.60 with 8.70 in book value there's not a lot of risk there no matter what the market does.

otherwise i whole-heartedly agree with you fishhead, the consumer will eventually get tapped out when these 99 weeks of unemployment benefits run out for people

the u.s. is now over 70 TRILLION DOLLARS IN THE HOLE with medicare/ss entitlements - that is completely unpayable

We've had this discussion before, mike, but I think ending the unemployment benefits will actually lead to improving our economy.

Fishhead · 07-13-10, 10:17 AM

Originally posted by MonkeyF0cker

All it proves is that you're consistently a bear. It doesn't prove that you have ANY insight into economic trends or that you had any indication of the banking sector woes. None whatsoever.

It didn't prove that, you are 100% correct.

However, you're incorrect if you assume that I had no insight into certain economic trends or had no indication of the woes surrounding the banking sector.

MonkeyF0cker · 07-13-10, 10:20 AM

Originally posted by Fishhead

It didn't prove that, you are 100% correct.

However, you're incorrect if you assume that I had no insight into certain economic trends or had no indication of the woes surrounding the banking sector.

Then I'll give you the chance to prove it this time. What will cause up to a 50% correction in the market this time around? The fact that you refuse to take up Justin's offer says everything.

milwaukee mike · 07-13-10, 10:24 AM

Originally posted by MonkeyF0cker

We've had this discussion before, mike, but I think ending the unemployment benefits will actually lead to improving our economy.

whether it improves the economy or not, we can agree that these benefits need to stop! i'm tired of seeing people collecting unemployment for 2 years while sitting on their ass watching tv
(ok maybe i'm jealous)

MonkeyF0cker · 07-13-10, 10:28 AM

Originally posted by milwaukee mike

whether it improves the economy or not, we can agree that these benefits need to stop! i'm tired of seeing people collecting unemployment for 2 years while sitting on their ass watching tv
(ok maybe i'm jealous)

LOL. Absolutely.