whats best about a day like today tiznow is the average schmuck holding a few mutual funds and a 401k from his job, will look at evening news tonight and see dow jones was down less than 100 pts and have no idea how much damage the market suffered today.
now to follow another nasdaq and hot stocks selloff today, the bears need a large (300-500 or more) negative point loss for dow jones. after that, more and more people will start redeeming their mutual fund shares.
now to follow another nasdaq and hot stocks selloff today, the bears need a large (300-500 or more) negative point loss for dow jones. after that, more and more people will start redeeming their mutual fund shares.
ope:not everyone gets excited about the market going up all the time cuss and not everyone gives a shit if it falls sometimes and some people lose money owning stocks.
as a trader, i prefer volatility.
people will again start realizing the market is historically not a one way trade like its mostly been the past 5 years.
if your mom is solely depending on her income from holding stocks, maybe you should get her some other income from her investments outside owning common equities.
dont get caught without a chair when the music stops.
as a trader, i prefer volatility.
people will again start realizing the market is historically not a one way trade like its mostly been the past 5 years.
if your mom is solely depending on her income from holding stocks, maybe you should get her some other income from her investments outside owning common equities.
dont get caught without a chair when the music stops.
well that's where my mom and grandma got alot of money parked right now cause the risk just too great
the options aren't too good right now that's for sure
inflation will slow as things unwind as well, china and india with 10%+ growth rates sucking up gobs of resources will be a thing of the past soon
also don't blame us or get mad at us for being bears
blame greenspan for the days of 0-1% rates for years
this is where this all began
yeah DAW my mom has finally reached that point it took me a while to convince her but i was able to rip as many longs outta her hands as i could and get her into CDs and such
if the banks fail well than we are all scroomed anyway so doesn't really matter
going short is just out of the question though with most people....
blame greenspan for the days of 0-1% rates for years
this is where this all began
yeah DAW my mom has finally reached that point it took me a while to convince her but i was able to rip as many longs outta her hands as i could and get her into CDs and such
if the banks fail well than we are all scroomed anyway so doesn't really matter
going short is just out of the question though with most people....
just no place to hide as expected other than on the short side
gold miner index HUI took 7.65% haircut
man did gold really fall to 792
things getting interesting fast
wowzers
kitco seems to not be updating
at 792 with quote.ino.com
oil got slammed good today as well
everybody got caught on the dollar in the crapper, long something or other trap.....with bears/shorts got raped for years
gold miner index HUI took 7.65% haircut
man did gold really fall to 792
things getting interesting fast
wowzers
kitco seems to not be updating
at 792 with quote.ino.com
oil got slammed good today as well
everybody got caught on the dollar in the crapper, long something or other trap.....with bears/shorts got raped for years
tiznow, people tend to shoot the messenger.
ive learned not to concern myself about worrying about what other people think.
should be entertaining reading this thread if a bear like 01-02 happens.
however, this time it will be coupled with falling real estate, $3+ gasoline, a shit job market, war, and troubled banks and credit markets.
gold was overdue for a correction. if these major banks resume their fall or some go
up, i dont see gold falling too much.
when people get margin calls, they sell their winners and try to hold losers.
alot of these hedge funds are using huge leverage and alot of them are holding commodities including gold, so if the yen carry trade unwinds, their piggybank is gone, and commodities will fall with the rest of overall market.
however, the commodity bull market will remain and it will recover.
ive learned not to concern myself about worrying about what other people think.
should be entertaining reading this thread if a bear like 01-02 happens.
however, this time it will be coupled with falling real estate, $3+ gasoline, a shit job market, war, and troubled banks and credit markets.
gold was overdue for a correction. if these major banks resume their fall or some go
up, i dont see gold falling too much. when people get margin calls, they sell their winners and try to hold losers.
alot of these hedge funds are using huge leverage and alot of them are holding commodities including gold, so if the yen carry trade unwinds, their piggybank is gone, and commodities will fall with the rest of overall market.
however, the commodity bull market will remain and it will recover.
Look, I didn't intend to be mean-spirited in my comments above, and yes I advised her and her broker back in Aug to get the hell out of equity dominant funds, and as it was they all got a nice bounce until this past week, thus making her broker a sage for holding the course. I got out for a short time. (of course her advisor recommended not to, as Base says, "it's a marathon").
I'm quite sure it's against the broker's interest to have folks jumping out of funds at every whim. However, looking at longer terms, it's also been in her interest to have stayed in the funds over the past 10 years (as the funds took only a minor beating in the worst year, 2002, I believe)
She gets supplemental income from regular divy payments out of bond funds, even though their NAV's have declined (several have gone down the crapper this year so far, except Fidelity Adv High Income.)
Exposure to market based stuff isn't bad at about 30% of her assets, with the majority in annuities. Just hate to see her lose all the gains she made this year, as long-term care could be an issue in the next 5-10 years.
Personally, I'd like to see her move into the guaranteed stuff (cd's and MM's) until this subprime shit all shakes out, which could be quite a while, but like I said her exposure isn't as large as other folks you guys are referring to.
Sure volatility makes for some good opportunity, but I get the feeling there is some hope by many that people lose who don't deserve to and can't afford to.
there will be an extremely good buying opportunity for those that sit on the sidelines and wait
but gonna take years and patience IMO
unless one is young and willing to take high degrees of risk like me...
but for somebody that is old and on a fixed income this obviously isn't the way to go, MMs and CDs is and just wait things out for the time being
luckily i got my mom and grandma into some longer term cds before ben did the expected as well
but gonna take years and patience IMO
unless one is young and willing to take high degrees of risk like me...
but for somebody that is old and on a fixed income this obviously isn't the way to go, MMs and CDs is and just wait things out for the time being
luckily i got my mom and grandma into some longer term cds before ben did the expected as well
hey cuss, i dont expect you or anyone else to be giddy in this thread while your assets are being hammered.
im used to getting bashed here and elsewhere for apparently cheering down the market.
i need the volatility to make the most money and without the market getting smashed like it did in 01-02 it would not have risen like it did from that bottom the next few years. the fed artificially cutting rates and printing too much money also helped, but the public panicked and i remember huge rallies during mid 2003.
also, i really do believe if the market crashed soon, ron paul would receive greater exposure and thats something i think would be better for the entire country long term.
i dont understand why a guy like yourself, who seems to understand and believe we have problems in our markets and economy, has his assets mostly in common stock equity related mutual funds.
the market is telling us we are going to have a depression, so either prepare yourself for that and maybe even make some money from it, or sit among the circle jerk of sheep that will be in this thread bitching about it.
im used to getting bashed here and elsewhere for apparently cheering down the market.
i need the volatility to make the most money and without the market getting smashed like it did in 01-02 it would not have risen like it did from that bottom the next few years. the fed artificially cutting rates and printing too much money also helped, but the public panicked and i remember huge rallies during mid 2003.
also, i really do believe if the market crashed soon, ron paul would receive greater exposure and thats something i think would be better for the entire country long term.
i dont understand why a guy like yourself, who seems to understand and believe we have problems in our markets and economy, has his assets mostly in common stock equity related mutual funds.
the market is telling us we are going to have a depression, so either prepare yourself for that and maybe even make some money from it, or sit among the circle jerk of sheep that will be in this thread bitching about it.
the sooner it happens the better cuss cause the fallout will be less painful
now we got banks coming up with super SIVs to try to push judgement day off further which will only compound the problem
i've seen this coming for years, granted up till last 6 months (i was shorting some a few years back as well but got my ass handed to me and gave up till recently) or so i just played along with the funny money games in commodities for the most part, and we kept tacking on more and more crap and bubbles that will make the fallout worse
now we got banks coming up with super SIVs to try to push judgement day off further which will only compound the problem
i've seen this coming for years, granted up till last 6 months (i was shorting some a few years back as well but got my ass handed to me and gave up till recently) or so i just played along with the funny money games in commodities for the most part, and we kept tacking on more and more crap and bubbles that will make the fallout worse
well i answered you
the sooner the better
would you rather it happen 2 years from now after the dollar goes to 60 something and dow is at 16k
and the fallout is much much worse?
USD was the strongest performer today besides the yen
and the euro/usd ratio tightened up
the gold bugs are gravely mistaken IMO unless shit completely hits the fan, which is a possibility
we've had 5 years of dollar and yen down everything up
so dollar up everything down seems like the reaction to it
the sooner the better
would you rather it happen 2 years from now after the dollar goes to 60 something and dow is at 16k
and the fallout is much much worse?
USD was the strongest performer today besides the yen
and the euro/usd ratio tightened up
the gold bugs are gravely mistaken IMO unless shit completely hits the fan, which is a possibility
we've had 5 years of dollar and yen down everything up
so dollar up everything down seems like the reaction to it
