"Schizophrenic" is right...stock markets are ridiculous! by Niki2

REAL WORLD EVENT DISCUSSIONS

"Schizophrenic" is right...stock markets are ridiculous!

POSTED BY: NIKI2
UPDATED: Thursday, August 11, 2011 15:22
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Thursday, August 11, 2011 9:21 AM

Gettin' old, but still a hippie at heart...

Overnight rebound fails to hold. Yesterday's drop in the market wiped out the prior day's rebound and left the market just above Monday's close." Seriously! In less than one week! The stock market is a joke (I know, has been for ages, but this is beyond ridiculous).

Suggestion I saw on line:

1.) When the market drops, the sky is falling. Act like it. The economy is going to be in ruins shortly.

2.) When it goes up, you called it, and everyone who thought the sky was falling is an idiot. The economy is going to be doing great in no time. The dow will reach 15 billion by 2012.

3.) When looking at past trends, the first person must point out that over the last x years, the average has been 0 return. The next person must point out that the first person is forgetting dividends.

4.) Gold is the best investment ever.

5.) Gold is a stupid investment.

That makes about as much sense as what's happening...

...meanwhile, those of us with little retirement plans sit here watching our money become worthless, worth a bit, worthless, worth a bit...and the schizophrenia goes on...

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Thursday, August 11, 2011 9:37 AM

FREMDFIRMA

http://en.wikipedia.org/wiki/Dead_cat_bounce

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Thursday, August 11, 2011 9:41 AM

FREMDFIRMA

And, just because I really find it hilarious...

Hinaichigo/Suiseiseki 2012!

Cause candy is way cheaper than wars, yanno.

-F

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Thursday, August 11, 2011 9:44 AM

NIKI2

Gettin' old, but still a hippie at heart...

Never heard of that before, but it's suuuure apt! "The term 'dead cat bounce' is derived from the idea that 'even a dead cat will bounce if it falls from a great height'." The phrase has been used on Wall Street for many years." Learn something new every day. Too bad Wall Street doesn't! (Learn I mean, not bounce, which it seems to be doing all too well lately!)

Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off

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Thursday, August 11, 2011 10:20 AM

NIKI2

Gettin' old, but still a hippie at heart...

So today the Dow came up 497.01 to a level of 11216.95. I assume this means it will go DOWN an equivalent amount tomorrow? Did I say schizophrenic? I had friends who are schizophrenic, they made a LOT more sense than this. This is pure madness!

Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off

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Thursday, August 11, 2011 10:43 AM

RIONAEIRE

Beir bua agus beannacht

I agree with you Niki, schizophrenia makes way more sense than the stock market ever does. Ever since I was a little girl I was like .... why? Might as well brush up on your poker skills and go to Vegas, you'd probably do better and at least you'd know you had some modacum of control over how you did.

"A completely coherant River means writers don't deliver" KatTaya

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Thursday, August 11, 2011 2:15 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 RionaEire:
I agree with you Niki, schizophrenia makes way more sense than the stock market ever does. Ever since I was a little girl I was like .... why? Might as well brush up on your poker skills and go to Vegas, you'd probably do better and at least you'd know you had some modacum of control over how you did.

"A completely coherant River means writers don't deliver" KatTaya

Actually, you'd have better odds if you just took your life savings to Vegas and bet it on the roulette wheel, on "black".

It's really not hard to make money playing poker or blackjack, if you're at all capable of counting cards and reading people. I win often enough that people at work won't play with me, but not often enough that my wife will let me go to Vegas to try my luck. I'll stick to a few cash games around here, and never bet more than I can afford to lose.

"Although it is not true that all conservatives are stupid people, it is true that most stupid people are conservatives." - John Stuart Mill

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Thursday, August 11, 2011 3:22 PM

NIKI2

Gettin' old, but still a hippie at heart...

Riona: AND you'd have more fun!

Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off

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