Another rough day for stocks ahead?... Nikkei down almost 2%

[topgame85]

Japanese markets taking a pounding overnight. Not getting any better anytime soon.... The market jumping 100% from 2008 lows was way too much speculation with very little if any recovery....... Artificial propping up with excessive stimulation and bailout. Commodities will keep climbing, the scary thing is the massive jump that commodites have made they may still be a huge value in comparison to securities and currencies.......

[Deep_Rest]

Asian markets usually react to the US so a bad trading day in Asia might not mean a bad day here.

[I/O]

I'm gittin in tomorrow

buy low sell high mofo's

[NYSportsGuy210]

I'm gittin in tomorrow

buy low sell high mofo's

Yes sirrrrr.....

[topgame85]

Stocks are still wayyyyy too high..... What has changed so drasticlly from when the dow was at 6300? not too much

[guitarjosh]

Stocks are still wayyyyy too high..... What has changed so drasticlly from when the dow was at 6300? not too much

I agree. It's a good time to sit on the sidelines.

[Emily_Haines]

I'm gittin in tomorrow

buy low sell high mofo's

[pavyracer]

Earnings season is over. This looks likes 2008 all over again. Expect the Dow to drop another couple thousand points in this month and around the end of September it will be a good time to buy stocks again when the mutual fund managers buy stock to make their portfolios look pretty again for the end of quarter.

[rkelly110]

Not into individual stocks, just 401K. I've read the market goes down 80% of the time during
the last year of a presidency. Looks like it started early. I'm sitting out the rest of this year and next.

The debt ceiling has been raised in the past with no hoopla and no change to the markets.
When those morons in office decided to play kinder garden, look what happened, I hope
they are proud of themselves.

[jjgold]

Its all a game and the rich get richer

Suckers always caught in middle

[rocky502]

How low is this thing going?

[Skidcom]

Selling the news of the debt deal. The selling should be pretty close to done though, at least short term. Starting to look oversold

[topgame85]

We were down triple digits and people buying back in now....... all these people who keep thinking 12000 is the floor are going to be jumping off a bridge in a few years.

[NYSportsGuy210]

Dow goes down how much you think?

[Brock Landers]

amazing, this debt shit was the excuse for the market to go down last week, now its signed and they find more excuses this week for it to go down

[topgame85]

NY, I wish I knew...... I did call the bottom at 6500 in 2008 in a thread here and everyone though that was way lower than it would hit. There just is not enough money left to be spent to hold the market anywhere near these levels. Credit tight, value of dollar shrinking and I think will end up worth shit soon enough, people paranoid and widespread uncertainty. Politicians have NO plan other than trying to get re-elected. Things could get really bad again. I just don't see any improvement. Job market is and will remain shit pair that with fear and devalued dollar and crushing debt and no new credit I won't even try to guess a number. I do think this will be a slower more extended plummet than 2008 but we are headed low.

[NYSportsGuy210]

What was the DOW at at it's low point in 2008?

[topgame85]

Think 6400 or so.... not 100% sure on the exact number.

[NYSportsGuy210]

What does the term "float" mean when applied to a company and it's stock?

[Deep_Rest]

Even if the US starts spitting out good economic numbers (like on Friday), European debt woes will still strangle the market further.

Precious metals and food (corn, soy, etc.) are good bets. I pulled the trigger on SGG, the sugar ETF this morning.

[Deep_Rest]

float means how much of the stock is being traded in relation to how many shares exist.

[NYSportsGuy210]

Even if the US starts spitting out good economic numbers (like on Friday), European debt woes will still strangle the market further.

Precious metals and food (corn, soy, etc.) are good bets. I pulled the trigger on SGG, the sugar ETF this morning.

SGG went down a lot today, almost $4.00 a share. Check out two stocks I am looking at right now relatively cheap....SINO (a Chinese shipping stock with no debt) and DNN (nuclear energy stock).

Any opinions on these two would be greatly appreciated.

[NYSportsGuy210]

float means how much of the stock is being traded in relation to how many shares exist.

Thanks for the 411. Now is high float considered good or bad?

[Waterstpub87]

Thanks for the 411. Now is high float considered good or bad?

High float means a larger market, which means sharper price and increased liquidity. It would allow you to get on and off the stock quicker with a smaller bid ask spread.

[Deep_Rest]

SGG went down a lot today, almost $4.00 a share. Check out two stocks I am looking at right now relatively cheap....SINO (a Chinese shipping stock with no debt) and DNN (nuclear energy stock).

Any opinions on these two would be greatly appreciated.

Nah bro I bought @ 92 even so I'm happy today so far. Put in a stop around 93.25 to lock in some profit but I think it still has room to go.

Greece has a huge stranglehold on the shipping industry so I wouldn't be too sure about SINO. As we all know, Greece is on life-support so anything related with shipping is a no-no in my mind. Remember that during a typical day, all stocks within an industry will more or less move in the same direction. So if the BDI (Baltic Dry Index) keeps going down, the whole industry worldwide will go down. Also, the amount of freighters vastly outnumbers demand right now so a tiny company has virtually no chance. Once the BDI starts showing some signs of life, stocks like DryShips (DRYS), Diana Shipping (DSX), etc. will see a more dramatic upswing but until then I wouldn't touch.

I know nothing about the nuclear energy sector but good luck on your plays!

[jjgold]

Stocks are dead and will be for the next 3 years


Look for Dow to go to 7000

[pavyracer]

Stocks are dead and will be for the next 3 years


Look for Dow to go to 7000

Buy Dow futures tonight

[NYSportsGuy210]

IDCC to soar today morning boys....

[pavyracer]

Another 2% down already today.

We run out of money in trying to delay this recession.

[TobiasFunke]

I'm gittin in tomorrow

buy low sell high mofo's

I would stay far away from the market for a while...

[topgame85]

nightmare, as many shitty circumstances I have had to deal with still blessed to be a lot better off than millions of pleaople these days.

[ferndog]

I would stay far away from the market for a while...

Sell you make money

[ferndog]

What was the DOW at at it's low point in 2008?

On 3-6-09 Dow went down to 6469...If Dow goes down below 11000 watch out below. But not there yet. Euro staying below 1.4200 so we have a strong dollar will keep stocks down. Non farm on friday might bring a change.

[jarvol]

Buy Dow futures tonight

Trying to catch a falling knife......brilliant.

[pavyracer]

Trying to catch a falling knife......brilliant.

I was quoting jjgold's advice on Sunday night. The same guy who was buying Dow futures on Sunday night was telling us the Dow will lose 50% of it's value soon.