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Posted on 9/29/08 at 9:52 pm
Posted on 9/29/08 at 9:52 pm
(no message)
This post was edited on 10/3/10 at 10:26 pm
3
Posted on 9/29/08 at 9:56 pm to Kramer26
Sounds like a horrible plan FWIW
Posted on 9/29/08 at 9:56 pm to Kramer26
I am gonna let some of the shite settle out of the market first. I think there is still a good drop coming.
Probably there will be some type of bail out in the next week or so. Then the market bounce up a bit. The real bottom will be on the other side of this bounce.
Probably there will be some type of bail out in the next week or so. Then the market bounce up a bit. The real bottom will be on the other side of this bounce.
Posted on 9/29/08 at 9:58 pm to stout
(no message)
This post was edited on 10/3/10 at 10:25 pm
Posted on 9/29/08 at 10:01 pm to Kramer26
quote:
Just look at this which goes back to the 70s.
Is this what you are basing your research on? Really?
Posted on 9/29/08 at 10:05 pm to Kramer26
IN CASE YOU HAVEN'T HEARD THE U.S. IS IMPLODING! ONLY A FOOL WOULD BUY INTO THE MARKET!
Posted on 9/30/08 at 12:22 am to stout
quote:
Is this what you are basing your research on? Really?
Do you understand what hes talking about? There will come a point when the stock hits rock bottom after this crisis, which will be the best time EVER to buy shares.
Posted on 9/30/08 at 12:24 am to Doosh606
Remember you can always (and should, really) limp into positions with just a few shares.
Posted on 9/30/08 at 12:31 am to skylane
quote:
IN CASE YOU HAVEN'T HEARD THE U.S. IS IMPLODING! ONLY A FOOL WOULD BUY INTO THE MARKET!
Well If you are thinking that this crap is gonna get so bad that the stock market is NEVER gonna recover then you might as well kiss your kids alot tonight because we will all be irrelevant and this country will be a big parking lot for islamists terrorists very soon.........Unless that is you are retiring in the next 5 years......and want a parking spot to pray for islam....calm down
Posted on 9/30/08 at 5:10 am to North Texas Tiger
quote:
you might as well kiss your kids alot tonight because we will all be irrelevant and this country will be a big parking lot for islamists terrorists very soon.........Unless that is you are retiring in the next 5 years......and want a parking spot to pray for islam....calm down
What's the stock market got to do with islamist terrorists? We won't negotiate with 'economic terrorists', so how do the islamist terrorists fit in? (as I'm slowly reaching for my M1...)
Posted on 9/30/08 at 7:47 am to lashinala
I don't think we are even close to rock bottom yet. I figure it's another 1-2 yrs away. The bailout didn't even address the housing issue. Even with the bailout, it wouldn't stop what has already begun a year ago. I think you would have seen a small bump yesterday had the bailout gone through, but eventually we'd be right whaere we are today, it just would have taken a little longer. We just went through the largest amount of economic growth of all time a few years back and this is going to be a large correction which I think is going to take 2 more years. I think there will be a great time to buy maybe 10 years from now, but for the next few years we are going to have very slow growth
Posted on 9/30/08 at 7:52 am to Doosh606
quote:
Do you understand what hes talking about? There will come a point when the stock hits rock bottom after this crisis, which will be the best time EVER to buy shares.
I know what exactly what he is talking about and just cause Exxon hit $40 5 years ago means shite now. How are you really going to use what a stock did 52 weeks ago much less 5 years ago to determine what you are gonna buy? Some stocks are down as the whole market is down others are down cause they are not profitible so even with a return in the market they still may not come up. I would advise him to do a little more research than just buying cause the stock is where it was a year or 5 ago. For example, CC is the lowest it's ever been still doesn't mean I would touch it.
Posted on 9/30/08 at 8:35 am to stout
i just bought 25 shares of chk.
gonna add to holding in 25 share increments
nat gas is the future.
gonna add to holding in 25 share increments
nat gas is the future.
Posted on 9/30/08 at 10:29 am to Kramer26
Now's the time to buy stocks. Actually, take that back, YESTERDAY was the time to buy in, but today's a close second. It's a buyer's market.
As for Exxon, you're waiting for it to drop to $40? Really? XOM will most likely never drop to 40 bucks a share. You don't find a buy-in price from looking at the chart 5 years ago. If I were you, I'd buy at the $73-74 support level.
I don't want to sound over simplistic, but apart form financial stocks, you can literally throw a dart at any of the stocks on the S&P; as soon as this bailout is fixed, which it will be, the market is going to soar.
Lastly, as with all financial info., this is IMO only. However, I think we're in for a good ride and I don't want to be the one who misses the boat.
As for Exxon, you're waiting for it to drop to $40? Really? XOM will most likely never drop to 40 bucks a share. You don't find a buy-in price from looking at the chart 5 years ago. If I were you, I'd buy at the $73-74 support level.
I don't want to sound over simplistic, but apart form financial stocks, you can literally throw a dart at any of the stocks on the S&P; as soon as this bailout is fixed, which it will be, the market is going to soar.
Lastly, as with all financial info., this is IMO only. However, I think we're in for a good ride and I don't want to be the one who misses the boat.
This post was edited on 9/30/08 at 10:30 am
Posted on 9/30/08 at 10:34 am to threesheets
quote:
the market is going to soar.
Why do you assume this?
I think it will stabalize and we will slowly see some growth in the next 5 to 10 years, but hopefully the says of "soaring" stocks are over with. We overinflated the stock market over the last 10 years by creating tech bubbles and real estate bubbles along with spending way to much on credit.
Posted on 9/30/08 at 10:35 am to threesheets
quote:
Now's the time to buy stocks. Actually, take that back, YESTERDAY was the time to buy in, but today's a close second. It's a buyer's market.
SOLD TO YOU!
Posted on 9/30/08 at 10:40 am to footballislife
Just look what the market is doing today. The majority of stocks are in the green. What happened yesterday? The biggest drop in stock market history. All I'm saying is big drops pave the way for big gains. Today's gain is in "anticipation" of a bailout. Wait until the real deal goes through.
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