DOW goes DOWN!!! by SignyM

REAL WORLD EVENT DISCUSSIONS

DOW goes DOWN!!!

POSTED BY: SIGNYM
UPDATED: Monday, November 17, 2008 21:56
SHORT URL:
VIEWED: 1783
PAGE 1 of 1

Wednesday, October 15, 2008 2:37 PM

SIGNYM

I believe in solving problems, not sharing them.

Just to balance the first posting.

---------------------------------
Let's party like its 1929.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Wednesday, October 15, 2008 2:50 PM

CHRISISALL

Follow the bouncing DOW.

isall

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Wednesday, October 15, 2008 3:22 PM

FREMDFIRMA

Boing-Splat, that's why they call it a dead cat bounce.

-F

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Wednesday, October 15, 2008 4:54 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)

Quote:
Originally posted by chrisisall:
Follow the bouncing DOW.

isall

How low can it go?

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Wednesday, October 15, 2008 5:04 PM

KIRKULES

I no longer believe we saw the market lows last week. If last week was the low, the market would have stabilized and moved upward or sideways for a while. The continued volatility probably means we'll see a new low shortly with another explosion on the upside to follow. I'd bet now we'll be looking at 7500 on the DOW by Monday.

Hope I'm wrong.

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Wednesday, October 15, 2008 5:25 PM

SIGNYM

I believe in solving problems, not sharing them.

Do the DOW LIMBO!!!!!

Jack be nimble, Jack be quick.
Jack go UNDER limbo stick!
All around the limbo clock
Hey, let's do the limbo rock!...

---------------------------------
Let's party like its 1929.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Wednesday, October 15, 2008 5:28 PM

KWICKO

Quote:
Originally posted by SignyM:
Do the DOW LIMBO!!!!!

Jack be nimble, Jack be quick.
Jack go UNDER limbo stick!
All around the limbo clock
Hey, let's do the limbo rock!...

---------------------------------
Let's party like its 1929.

Signy - thanks for getting the joke!

Mike

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, October 16, 2008 2:56 AM

HERO

Quote:
Originally posted by Kirkules:
Hope I'm wrong.

Your wrong...even if your right. Lot of people made a lot of money (pauses to glance in new gold plated mirror). They bought low, DOW went up big, then sold high, DOW went down.

Fact is my investment account has 23% more money in it now then it had Friday. Today I'm going bargain shopping again.

H

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, October 16, 2008 3:26 AM

SIGNYM

I believe in solving problems, not sharing them.

Quote:
Today I'm going bargain shopping again.

Day-trading on govt time again?

---------------------------------
Let's party like its 1929.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, October 16, 2008 10:27 AM

HERO

Quote:
Originally posted by SignyM:
Day-trading on govt time again?

I'm multi-tasking. I also wrote an appellate brief.

Stupid market...I only made 11% today. Still a few hundred shy of breaking $25,000 since the crash.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, October 16, 2008 11:24 AM

WHOZIT

Now it's up http://biz.yahoo.com/ap/081016/wall_street.html

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, October 16, 2008 11:33 AM

RUE

I have a vote and I'm not afraid to use it!

Bad news for 'Hero'.

***************************************************************

Silence is consent.

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, October 16, 2008 11:48 AM

STORYMARK

Who cares if the economy tanks, as long as you get yours, right hero?

Could you have chosen a bigger misnomer, by the way?

"I thoroughly disapprove of duels. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quiet place and kill him."

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Sunday, October 19, 2008 9:44 AM

JAYNEZTOWN

The Yen Forex Market Mechanics

http://www.thelfb-forex.com/pair_review.aspx?id=106

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Wednesday, November 12, 2008 11:18 PM

JAYNEZTOWN

http://www.fool.com/investing/value/2008/11/12/fool-poll-should-we-bai
l-out-the-big-three.aspx

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 3:05 AM

RIVERLOVE

Anybody who says they're making money in this market is lying thru their teeth. It's like a gambler who only tells you when he wins, but never talks about all the losses that overshadow it.

I work in the "corporate" world, a big international company. All indicators point to a severe worsening of the economy and global markets. Rapidly falling oil prices also strongly indicate greatly reduced industrial productivity, therefore leading to increasing bankruptcies and employee layoffs.

The outlook is indeed grim for the short term. We've seen this before, in the 1970's. Obama and his team are faced with challenges that will affect all of us to some degree in the coming year.

Bush is not helping the suituation by being silent and doing nothing. Obama needs to "assume" the office now, and start to take steps to quell the fear and panic on Wall Street.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 3:48 AM

6IXSTRINGJACK

Reconsidering keeping my stocks, but I will probably just ride them down. They are good companies, but they're all going down now. I thought I bought at a bottome a few months ago, but I've had losses of 40 % or more on some of my picks, although they're higher now. I knew I was gambling when I put it in there and I've watched 5k disappear. I keep watching it bounce back a little, but the lows are always lower.

Oh well... Win some, lose some.....

At least I didn't buy SIRF at 7 bucks or Apple at $180. I keep seeing stories of billionaires losing their asses, so that helps keep it in perspective.

"A government is a body of people, usually notably ungoverned." http://www.myspace.com/6ixstringjack

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 4:26 AM

FREMDFIRMA

Quote:
Anybody who says they're making money in this market is lying thru their teeth.

*shakes a small bag, making pleasant jingly sounds*

Feel free to assume so, but some of us here weren't fool enough to put our money into untrustworthy paper, and opted for cashy money investments instead.

Makes singin "jingle bells" this year a whole different and happier experience.

-Frem
It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 5:31 AM

HERO

Quote:
Originally posted by Riverlove:
Anybody who says they're making money in this market is lying thru their teeth.

I took my winnings...er...profits out before the election. I don't expect to get back in until things settle down after Obama's real economic plan comes out (tax raises, new spending, no tax cuts, no support for business big or small).

Did buy a new (well almost new, only suckers buy new) car, made huge down payment with the money I've made since September. The salesman cried real tears. Drove off to the sounds of "bless you kind sir". Thats some good service.

H

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 5:39 AM

RIGHTEOUS9

and Hero rides off into the sunset, content that his new shiny automobile purchase has bought two or three more meals for this poor shlep car salesman who hasn't seen a sale in months,

and everything was right with the world...

going to throw up now

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 5:39 AM

RIVERLOVE

Well if you can day trade successfully in this crapshoot of a market, then I can't even imagine how much money you must have made during the good times of the 1990's. I salute you.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 6:05 AM

ANTHONYT

Freedom is Important because People are Important

Hello,

There is nothing wrong with someone succeeding and doing well in a bad market.

While I myself am not doing so, I would not begrudge others for their success.

--Anthony

"Liberty must not be purchased at the cost of Humanity." --Captain Robert Henner

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 6:47 AM

SERGEANTX

I have to chuckle a little listening to the pundits decrying the assumed failure of the laws of free market economics. They're loudly declaring that we have to re-write the books because the old assumptions about the market being 'self-correcting' just don't apply and today's market doesn't follow the rational rules of old school economics.

They say this, with a straight face, immediately following reports of trillions of dollars worth of stimulus packages and government bailouts proliferating like drive-by shootings in a gang war. They claim the market is behaving irrationally?? And how can they claim it isn't self-correcting when every time a correction comes around we fuck with it?

SergeantX

"Dream a little dream or you can live a little dream. I'd rather live it, cause dreamers always chase but never get it." Aesop Rock

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 6:51 AM

RUE

I have a vote and I'm not afraid to use it!

"... when every time a correction comes around we fuck with it."

We probably do that because in every speculative cycle the rich get richer and the poor get poorer ... and as the Great Depression showed, that's no way to keep an economy running. It tends to grind to a halt and stay stuck without help.

***************************************************************

Silence is consent.

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 6:54 AM

SERGEANTX

Oh I see.

SergeantX

"Dream a little dream or you can live a little dream. I'd rather live it, cause dreamers always chase but never get it." Aesop Rock

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 7:08 AM

FREMDFIRMA

Oh, and Jack ?

Get that shit OUT of paper and into physical as fast as possible, cause a COMEX default is lookin more likely every day, and I know for a fact they do NOT have the metal to cover all that paper, since most of it never existed in the first place.

Get in before the run, man, would be my suggestion, get your metal in hand and stored somewhere you can trust, quickly-like.

When folks start askin, "So where's my gold" and the folks supposedly holding it go pale, start twitching and sweat heavily, you *know* what the problem is as much as I do, yes ?

If for logistical reasons that path is closed to you, then turn it over into pharmaceuticals, which will hold out quite a bit longer even if everything else tanks, but get rid of that "paper gold" quick while it's still worth something mano.

-F

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 8:43 AM

CANTTAKESKY

Quote:
Originally posted by Fremdfirma:
If for logistical reasons that path is closed to you, then turn it over into pharmaceuticals,

You know, that is a really good idea.

Not that I care for pharmaceuticals, but you can always find someone who needs a Tylenol or Aspirin. Good everyday barter item. You've reminded me I need to stock up on homeopathic remedies. Thanks.

--------------------------
Dr. Horrible Karaoke

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, November 13, 2008 8:59 AM

SIGNYM

I believe in solving problems, not sharing them.

Given the fundamental weakness of the economy (net household debt, credit crunch, housing decline, layoffs and stagnant or declining pay) I expect we'll see the market at about 5500-6000 in the third quarter of 2009. Since most "markets" (housing, stock, etc.) tend to run in 10-year cycles I'm not looking for a rebound above 8000 in the near future. But a lot depends on whether or not Obama can "unstick" the economy. It's gonna take a heckuvalot of "pump priming" and a huge transfer of wealth back to the middle class to undo the previous huge transfer of wealth to the wealthy. If he CAN'T get that done, then things are going to be even worse than I predict and for a longer period of time.

---------------------------------
Let's party like its 1929.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Monday, November 17, 2008 4:15 AM

6IXSTRINGJACK

Quote:
Originally posted by Fremdfirma:
Oh, and Jack ?

Get that shit OUT of paper and into physical as fast as possible, cause a COMEX default is lookin more likely every day, and I know for a fact they do NOT have the metal to cover all that paper, since most of it never existed in the first place.

Get in before the run, man, would be my suggestion, get your metal in hand and stored somewhere you can trust, quickly-like.

When folks start askin, "So where's my gold" and the folks supposedly holding it go pale, start twitching and sweat heavily, you *know* what the problem is as much as I do, yes ?

If for logistical reasons that path is closed to you, then turn it over into pharmaceuticals, which will hold out quite a bit longer even if everything else tanks, but get rid of that "paper gold" quick while it's still worth something mano.

-F

As much of a Chicken Little I've been playing for here and in real life as long as I have, I just don't see that scenario playing out yet. I don't see what They would have to gain by the sky falling at this point. (Too many guns still in the hands of the "rednecks" at this point, ya see?) I think we'll return to a Clintonesque "false" sense of security and prosperity in the relatively near future and I'll make my money back on the paper and get out then.

I've only got about 1K in Gold Corp. My biggest mistake was not cashing out on it when it was 2.9K, but since it was my only winner and balancing out my otherwise abysmal portfolio, I chose to keep it in there and it is now currently worth 30% less than when I bought it. (At it's peak it was "worth" more than 120% of what I bought it for)

I'm not stuck here though. I can move it out at any time I would want to. This is an IRA, not a 401k so I could move it all out of the market and into a CD if I wanted to. I'm not playing their dumbass game though and selling low after buying high. I only lose now when I sell or the world falls apart, the way I see it. If I needed the money now, it would probably be a different story, but I'm 29 years old, I have a job I feel reasonably secure in, I have Zero debt to anyone (financially, anyways), and I have about a years worth of salary after taxes put in little baskets here and there of different varieties.

My money is on a comeback for stocks. Sure, it may take a while, but if I really thought I'd need that money within the next 10 or so years, well then.... shame on me, right? Nah.... I'm going to gamble a little bit more and assume now that even though I bought higher than I should have, I still got a 50% discount on some good stocks off their peaks and that I may be really happy 20 years down the road with them.

If not.... oh well. I certainly blew through a lot more money than that being a bored single guy in my late teens/early twenties who funded quite a bit of weed and coke parties (I didn't know there was coke at my parties till years later when some of my friends spilled the beans). I was just having a good time.

Admittedly though, losing it this way just ain't as fun as that was though

I'm really only 3k in the hole now. I lost about 5.5K off my own personal peak in there. Hindsight being what it is, I would have pulled out a lot earlier, but we all can't be Warren Buffet.

~6

"A government is a body of people, usually notably ungoverned." http://www.myspace.com/6ixstringjack

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Monday, November 17, 2008 10:59 AM

RUE

I have a vote and I'm not afraid to use it!

This is for Rap of the roaring ! on fire ! economy claim to fame

http://andrewsullivan.theatlantic.com/the_daily_dish/2008/11/vindicati
on.html

***************************************************************

"I told you so" is always a bitter-sweet thing to utter.

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Monday, November 17, 2008 9:56 PM

JEWELSTAITEFAN

Quote:
Originally posted by Riverlove:
Well if you can day trade successfully in this crapshoot of a market, then I can't even imagine how much money you must have made during the good times of the 1990's. I salute you.

Incorrect. It is not hard to make money now.
Making as much during the 90's would be much more difficult, requiring much more foresight in unseen market frontiers. Now the market is gaining 8 to 12 percent in a day or so, then dropping baqck down for more gift horse buying opportunities, and regaining all over again. The market in the 90's had no such pecentage shifts with such regularity.
The 90's had overall growth of only 250-300% but now you can do that in days or a week.
This is the time to be making cashy money. or, actually, shares money.

The market was expected to go down on Monday. The Japanese Minister announced that Japan was in a recession. This means that from the end of March to the end of September the Japanese economy went down. No kidding, for those who hadn't noticed. Although this "news" is about 2 months old and out=of-date, it was ex[ected that many would panic and sell, providing buying opportunites for those not so dumb. This might be the last great buying opportunity, but I'm willing to watch for more.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

YOUR OPTIONS

SHARE THREAD

NEW POSTS TODAY

USER

POST DATE