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| Stock market Monday after French & Greek elections Posted by LSURussian It's going to be brutal. on 5/6 at 10:07 pmReply • Back to Top |
Posted by Stanky Legg on 5/6 at 10:11 pm to LSURussian I hope so.  Reply • Back to Top |
| Are you shorting the market? Reply • Back to Top |
| How brutal and how long? Will it be a long slow drop over weeks/months or like 2007/8's drop? Will land/home prices drop more too? Is this the beginning of the event(s) the bears have been waiting for? Reply • Back to Top |
quote:Are you just asking for Russian's opinion or are you expecting factual responses to any of these questions? Reply • Back to Top |
Posted by Stanky Legg on 5/6 at 11:48 pm to LSURussian quote: Not technically. I did purchase some inverse index funds (3x leverage) last Wednesday, though. Mostly I'm sitting on the sidelines. Reply • Back to Top |
| Hollande had been the favorite for a while so I'm assuming his win had largely already been priced in. The outcome of the Greek elections seems to be more a driver for direct and immediate concern. This post was edited on 5/7 at 2:04 am Reply • Back to Top |
quote: Which is why I am still awake... I want to be numb watching.  Reply • Back to Top |
| not so bad so far... Reply • Back to Top |
| Yes, but the day's still young.... Reply • Back to Top |
| I signed on to ameritrade with my eyes still half shut from sleeping, saw my positions, my eyes got really wide, then I signed off.. Reply • Back to Top |
| UK and German equities selling off. Bunds flattening, gilts steepening. Periphery equities strengthening, bonds mixed. Sounds like a pretty strong "Meh" from the market. Pretty unexpected, even the Euro has strengthened since the open. Finance cracks me up sometimes. This post was edited on 5/7 at 9:07 am Reply • Back to Top |
quote: Were either wins a surprise? I don't think so. Reply • Back to Top |
| The surprise is how well the fringe parties did. In Germany the Pirate party looks like they have a voice in Shleswig-Holstein, along with Saarland and Berlin. France's extreme right candidate got 20% of the vote. That's the big risk here, not that Hollande won. Everyone expected that. Reply • Back to Top |
| I thought today would be much worse Asia got nailed last night and futures were down sharply last night. I'm waiting for a good sell off in some oil and cyclicals. We also got to watch what oil does this week. We may break the 200 moving average which would be bearish short term for oil. I'm not sure if this drop in oil is demand destruction or return to normalcy after geopolitical based speculation. In the case of oil returning to a more normal trading range due to the lack of geopolitical turmoil, retail and the consumer stand to benefit with more money to spend. That doesn't mean they will though. I too am a little unsure of this market. I would be trimming Eurzone exposure right now significantly for anything tied to the financial institutions This post was edited on 5/7 at 9:36 am Reply • Back to Top |
| I wish we had a Pirate Party. ARGH! Reply • Back to Top |
| This is boring so far. I have a general disposition for enjoying chaos and so far this is lacking in entertainment value. Reply • Back to Top |
| People overreacting to markets overreacting about politics? No fricking way. Reply • Back to Top |
quote: Ya, can't say I'm surprised, I just have a little George Carlin in me that was looking for some fun. Reply • Back to Top |
quote:Mr. Buffett, is that you?? Reply • Back to Top • Refresh |
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on 5/7 at 8:52 am to 