Alert Alert Market Tanking!!!!!!

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anonomoose

New member
Market dropping like a stone again...down 80 and falling. (125 now, 40 in 5 minutes)

Oil is stable for the moment. Gas prices have recovered a bit from the free fall yesterday. That is to be expected.

While the job's report is better than expected, this country puts 125,000 brand new workers into the market every month, and that doesn't include the surge expected from military coming back home and entering the job market.

So you decide if that report was good or bad.

Incidental, it is interesting that the Prez wants to create a tax credit to employers for returning vets so that they can find a job.....

I guess the 4.5 million who are out there looking are not as important or deserving ....
 
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whitedust

Well-known member
Jobs report is not the issue for the market today & why the market sank like a stone so far. Banks in Europe need a backstop like TARP & 17 countries have to agreed to the action & print some money. Europe is in denial & not doing anything to stop the bleeding so uncertainty looms large AGAIN! USA & the world now is now considering a double dip recession so no good news & no Gov. money anywhere available for stimulus. Going to be sometime until we hit bottom & can measure how deep we go before we can recover. One good thing is the stock market is 6-8 months ahead of any recovery so maybe Q4 will be better. The next few weeks will bring some market bounce then sell off again until Europe solves problems before a recovery can be sustained. OUCH!!
 
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jshabadu

Member
matti said:
I understand this isn't a good situation for many, but I'm lucky that I'm still relatively young and probably have 30 years until I retire. I'm just over 90% in stocks right now and, in a selfish way, I hope they go lower so I can continue to buy low. Best of luck to everyone, however. Tough times, for sure.
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Matti, I agree with you, provided your not retiring anytime soon. It reminds me of a quote I heard somewhere; "Americans love buying everything on sale, except for stocks"
 
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anonomoose

New member
Do you want to tell me HOW exactly, do you tell when they are ON SALE???

Give me that magin receipe and I will be glad to buy...no coupons necessary.

Up until now, I have had a great formula of buying high and selling low.

For the moment, the market has erased a 150 negative with a 150 positive.

Go figure....

Anyone else used to shooting craps???
 
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whitedust

Well-known member
Stock market is all over the place today looks like a bad electrocardiogram sellers & buyers fighting it out can't hold a rally. Too much uncertainty about so many things doesn't feel like time to invest & I believe tons of money will stay on the sidelines until more comfortable environment. Aftershock is running wild no stability in sight. Hate it & sick of it! :(
 
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yamahauler

Active member
Thank you Mr. President and Congress for the nice change in the market...dang idiots always have to screw up everything.
 
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anonomoose

New member
While it is a huge gamble, I believe that the market has corrected, and this might be a really good time to jump in and buy some of the stuff that is very cheap. Why??

I think the Feds are so inept right now, that they will jump in to stem the tide, and in the short run the market will go.

But having given this advice, or more correctly identified as a guess...I have a history of buying high and selling low. Basically most of you guys who make money in this biz....have me to thank for it.

I think stocks like sirus, and bank of america, and sprint are really cheap right now.

Of course had you bought gold back in January, you are up nearly 25%.
 
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whitedust

Well-known member
Shocked & Awed for now & real happy I got out Friday.... probably stayed in too long at that but got back in early last time & rode it up so all in all still ahead. Going to take a lot for me to feel warm fuzzies to get back in stocks & think others staying out too for a few months if not quarters. I watched the market drop then plumment after Obama spoke.lol Not much he can say to correct the problem with tax & spend discussions he missed his chance to help last week when he kicked the budget can down the road. Double dip is here incase you didn't know. lol
 
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racerx

Active member
anonomoose said:
Drive your gas tank down....when you need gas, the price will be falling...it market price on gas fell a whole bunch today....maybe, if we are lucky, more tomorrow with a weak employment number.
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Price has still not come down. Like I said it will not come down as fast as it will rise once the market comes back. You watch, the day oil/gas comes up it will be an immediate jump up.
 
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frosty

Member
Looking for the market to be at 8500 before investing again. Love all the money the government dumped into the market for it to puke like it has.:D
 
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anonomoose

New member
Here we go...fed's to the rescue 2:15 today....buy in on the cheap stuff ride it for a day or week, and then get back out again.

RRRRRRRRRooooooooollllllll dah dice!

Disclaimer: investing should be with funds that are disposable, and the risks are at their greatest when markets are most volatile. Invest wisely.
 
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