as bearish as i am about the overall economy, which has next to nothing with what day-2-day stock market does, I am a bit surprised to see market tanking like today this close to a major holiday.
hopefully its down sharply this week, but im not going to hold my breath waiting for that.
jdog, i agree, but i would not be a buyer of financials quite yet.
id like to see a handful of bank failures and possibly a chapter 11 filing by a large institution like cfc before the best buying opportunity exists.
still hoping we see a single digit price for cfc before todays close.
basehead, do you still own ford shares?
Redemptions...redemptions...and more redemptions.
Until that happens with the buy and hold mutual fund type of investors, we cannot and will not have a real all points bulletin type bear market.
Read the title of the thread, dammit!
SELL, SELL, SELL!
I'm grateful my dad listened to me and put 50% of his 401k into cash a month ago when I told him to. He saved himself a shit load of money, even if the dollar lowers his wealth at the same time. Not many places to hide right now.
The subprime mess will affect auto/truck sales just like it has affected home sales and prices.
I still see bankruptcy in Fords' future.
I expected nothing less.
Do you follow Ford at all? What is it that makes you say it,Im curious.Not sure if you respect my opinion but Im interested in why exactly think this?
Maybe Im missing something, but I see a lot more reasons now to be confident than in any of our other conversations.
Bought high 6's, sold low 9's .Is that better? I hold mostly the original purchases and sold the ones I told you I was going to keep buying even as it fell sub 7.
Subprime will bring the bar down across the board but Fords got a decent foothold globally to offset alot of US baggage.
I expected nothing less.
Do you follow Ford at all? What is it that makes you say it,Im curious.Not sure if you respect my opinion but Im interested in why exactly think this?
Maybe Im missing something, but I see a lot more reasons now to be confident than in any of our other conversations.
Bought high 6's, sold low 9's .Is that better? I hold mostly the original purchases and sold the ones I told you I was going to keep buying even as it fell sub 7.
Subprime will bring the bar down across the board but Fords got a decent foothold globally to offset alot of US baggage.
You posted in the financial forum about buying it in the 6's, but youve also posted here in political about owning and buying the stock in 2005. It was higher than 6 dollar level during that time.
Not a big deal to me, just wanted to know if you still owned the stock.
You posted in the financial forum about buying it in the 6's, but youve also posted here in political about owning and buying the stock in 2005. It was higher than 6 dollar level during that time.
Not a big deal to me, just wanted to know if you still owned the stock.
How about Amgen (amgn)? Do you still own that one?
there is one thing that scares me more then the crux of the past two weeks problems, which is due to the unwinding of the yen carry trade
I've said many times that the FED just will not "allow" the economy to go into a recession for political/election purposes.
what if "they" are on the side of Hillary?
We already know that the Clintons' and the Bush's are in the same camp...Bilderburg, CFR, Wall Street, CIA, drug dealers.....etc.
what better a way to ensure she gets elected than to have a recession......same thing happened in 1990.....with amazingly the same two Clinton/ Bush families
Always wondered why they "let" the economy" get so bad in 1990 it led to Bush getting thrown out.....until I found out what was really going on
History always repeats......that scares me short term more than anything