Deleted
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Post by Deleted on Aug 10, 2011 10:06:42 GMT -5
Fear is running the markets now. Fear of uncertainty, fear of the economy, fear of rampant unemployment, and fear of unrest
As people fear everything, they flock to treasuries for safety, which as of yesterday are paying 2.35% for 10 years.
Or they are fleeing into metals. Gold hit over $ 1700 and is on a meteoric ride
There are NO safe havens for money....at least this is what the market pundits want you to believe
But fear wont last....common sense will kick in. We may have troubles, but we are still the USA which is still the place where the common man's dreams can come true
As the sayings go, what goes up, must eventually come down.
And this is one hell of a coaster ride right now
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Deleted
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Post by Deleted on Aug 10, 2011 10:10:08 GMT -5
I agree with you, but damn, it is hard not to be fearful.
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Post by lifewasgood on Aug 10, 2011 10:12:09 GMT -5
Fear is a valuable emotion, don't forget that! Without it, most of us would be dead right now!
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kadee79
Senior Associate
S.W. Ga., zone 8b, out in the boonies!
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Post by kadee79 on Aug 10, 2011 10:14:41 GMT -5
But, but....
WHAT you fear is the key to survival!
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Post by lifewasgood on Aug 10, 2011 10:23:09 GMT -5
Faith in your leaders will get you killed!
Since the end of QE, the markets are reacting to having the bottle pulled from the feeding tube. The fear is what happens if the baby goes hungry too long? Gets skinny and eventually dies.
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Deleted
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Post by Deleted on Aug 10, 2011 11:30:03 GMT -5
I have zero faith in our leaders
Yet i still have faith in our country
It is still IMO the best place to live and invest in the world
The questions is....where do we go from here
9500 dow is a possibility....and if so, that is where i start pulling the trigger on buys again
It may go lower than that...but at those levels, i dont think i can go wrong long term
And at those levels, watch out for a boatload of corporate takeovers
Companies rich in cash will be looking for cheap bargains
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usaone
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Post by usaone on Aug 10, 2011 11:32:03 GMT -5
It wasn't the end of QE2 it was the debt ceiling/down grade debacle.
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Deleted
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Post by Deleted on Aug 10, 2011 15:06:16 GMT -5
Looked at a few equities today
Didnt pull the trigger....but geesh......
I was tempted
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Post by jarhead1976 on Aug 10, 2011 15:13:44 GMT -5
The common man is being slowly bled to death by an incompetent and impotent government monetary policy. I love my country but am in total digust of congress and POTUS. Remember congressional income is up 18% , while head of household down 3%, K for gdgyva
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Deleted
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Post by Deleted on Aug 10, 2011 18:21:55 GMT -5
Nice thread – K for G.
While there are certainly a number of fearful factors in play – from deficit reduction to S&P ratings, there is 1 item that I believe will stand tall over everything else – and that is the Fed decision to maintain target rates for 2 years.
While this is not a guarantee - never before has such a clear intent been communicated. That statement is the primary reason why 3 of the voters balked – they wanted generic “extended period”.
This will provide continued cheap money. How this eventually translates to corporate activity is never absolute, but this kind of message is like telling Ryan Howard the next pitch will be a fastball. Yes he could whiff or pop-up, but the chance of a monster home-run spikes.
Big companies will eat this up. I made another S&P index purchase today – that makes 3 moves in a short time. Yes, it all can go lower. And if it does, I’ll keep fearlessly chunking purchases, opposite of the sales I did on the way up the past 2 years.
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usaone
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Post by usaone on Aug 10, 2011 19:22:14 GMT -5
Nice thread – K for G. While there are certainly a number of fearful factors in play – from deficit reduction to S&P ratings, there is 1 item that I believe will stand tall over everything else – and that is the Fed decision to maintain target rates for 2 years. While this is not a guarantee - never before has such a clear intent been communicated. That statement is the primary reason why 3 of the voters balked – they wanted generic “extended period”. This will provide continued cheap money. How this eventually translates to corporate activity is never absolute, but this kind of message is like telling Ryan Howard the next pitch will be a fastball. Yes he could whiff or pop-up, but the chance of a monster home-run spikes. Big companies will eat this up. I made another S&P index purchase today – that makes 3 moves in a short time. Yes, it all can go lower. And if it does, I’ll keep fearlessly chunking purchases, opposite of the sales I did on the way up the past 2 years. Great Post!!! Go Phils!!!! K for TM.
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Post by lifewasgood on Aug 10, 2011 23:42:53 GMT -5
The market will continue its wobble until QE3 comes about this fall. Could breach 9000 before the rescue truck arrives with fresh cash.
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Deleted
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Post by Deleted on Aug 11, 2011 15:29:52 GMT -5
Down 500...no up 300...no down 400....no up
OMG....someone stop this damn roller coaster ride
I am getting seasick
Anyone got any seasick pills?
BTW....back in on dip yesterday on GE and DUK
Waiting on a few others
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Driftr
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Post by Driftr on Aug 11, 2011 15:34:29 GMT -5
I was making some nice bank playing 3x ETFs back in 2009 when the markets were doing this. Gave some back the end of '09 and more back in '10. I'm happy to look back on those times and smile though. The stress was more than I normally like in my life.
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verrip1
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Post by verrip1 on Aug 11, 2011 21:16:53 GMT -5
One thing's working - it hasn't been hard to fill orders. lololol.
PSMT (Pricesmart), IDX (Indonesia ETF) and CSCO (Cisco)
I enjoy watching active markets.
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Post by maui1 on Aug 12, 2011 8:13:40 GMT -5
it is an interesting time in history to be witness to all of this action around the world, EVERYDAY.
i guess if i was charged for this much interesting entertainment, 24/7, i would have to have a part-time job to pay for it all.
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Small Biz Owner
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Post by Small Biz Owner on Aug 12, 2011 10:38:24 GMT -5
TRUE FEAR will begin to trade, or capitulate, in the markets in about 6 months. That is when the Extended Federal unemployment ends, and about 2 months into those families trying to survive on severely reduced incomes.
Postal Service announcement today that we may have another 120,000 Postal employees laid off, starting in Jan 2012.
Fannie Mae is asking for 5.1 Billion more to stay afloat and AIG is losing money again. Remember AIG is 92% owned by the Treasury Dept, meaning of course you and me the Taxpayer.
Late entry TRADE GAP Widens to 53.1 Billion in July 2011. Yes, the nation spent 53.1 Billion more than it took in. If you keep spending more money than you take in you eventually go bankrupt.
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Deleted
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Post by Deleted on Aug 12, 2011 12:26:04 GMT -5
Dipped into a few more equities
Fear is starting to subside.....
And the bad part is... a lot of people sold at bottom again
With stop losses on ALL my equities....my losses are limited
But i also get caught up in the big swings....good thing trades are cheap now
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verrip1
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Post by verrip1 on Aug 14, 2011 0:54:19 GMT -5
Dipped into a few more equities Fear is starting to subside..... And the bad part is... a lot of people sold at bottom again With stop losses on ALL my equities....my losses are limited But i also get caught up in the big swings....good thing trades are cheap now After the Flash Crash, you'd think that people would have removed whatever deep stop losses they held. I guess some people never learn. If they got scared out, well, they'd have the doom and gloomers to thank for creating the hysteria they suffered from. Congrats to all the gloomers for screwing nice old folks out of their hard earned savings. Again. [assbites]
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Aman A.K.A. Ahamburger
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Viva La Revolucion!
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Post by Aman A.K.A. Ahamburger on Aug 14, 2011 1:30:39 GMT -5
It really is sad isn't it??
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silverguy25
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Post by silverguy25 on Aug 14, 2011 10:09:36 GMT -5
If they got scared out, well, they'd have the doom and gloomers to thank for creating the hysteria they suffered from. Congrats to all the gloomers for screwing nice old folks out of their hard earned savings. Again.
Yeah, it was the gloomers fault, not the personal responsibility of those making their transactions.
Are you serious?
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Small Biz Owner
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Post by Small Biz Owner on Aug 15, 2011 7:23:54 GMT -5
If they had it in savings, they did not lose a penny.
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usaone
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Post by usaone on Aug 15, 2011 7:42:08 GMT -5
If they had it in savings, they did not lose a penny. And they didnt gain a penny either.
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Small Biz Owner
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Post by Small Biz Owner on Aug 15, 2011 7:49:34 GMT -5
The only [assbites] are the Wall Street Stock pumpers, and some of their minions who post here, who continue to ignore economic fundamentals and encourage people to buy risky overpriced stocks.
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usaone
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Post by usaone on Aug 15, 2011 7:57:27 GMT -5
We are NOT ignoring the fundamentals. The gloomers are.
Any good news is rigged according to you guys.
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Post by lifewasgood on Aug 15, 2011 7:59:32 GMT -5
If they had listen to some of us and stayed out of stocks and put money in metals, they would have made a ton of money while you assbites were losing in the stock market.
Gold vs S&P the last year! Silver vs S&P the last year! No I thing the stock pumpers are to blame and I agree with smallbiz about pushing over priced stocks. What are now, 2 decades of pushing stocks that are way over valued?
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usaone
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Post by usaone on Aug 15, 2011 8:07:00 GMT -5
Almost everyone that owns stocks also own metals.
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Small Biz Owner
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Post by Small Biz Owner on Aug 15, 2011 8:08:46 GMT -5
Unemployment still over 9% a 27 year high. Continual Trade Deficit for the past 30 years. Median household income decline in USA and has been in decline since 1999. Foreclosures at an all-time high. Federal Government debt tripled in 2 years in an effort to save Wall Street, and in a lesser extent, the economy. Federal budget in peril. State budgets in peril. Remember California? I am ignoring all these GREAT fundamentals and going out to buy some stocks today. Yea, right.
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usaone
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Post by usaone on Aug 15, 2011 8:10:19 GMT -5
Your loss.
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Small Biz Owner
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Post by Small Biz Owner on Aug 15, 2011 8:14:18 GMT -5
By the way, those 3.1 million jobs DO NOT exist. They are an estimation provided by the BLS birth/death model. birth / company started, and death / company closed. www.bls.gov/web/empsit/cesbd.htmAs provided by the BLS website. Thank You Decoy!
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