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Stock market is the down!
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charvaka
harharmahadev
6 posters
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Stock market is the down!
World is coming to the end.
There was the downgrade of the treasury. But it went up. The gold is the winner.
So, what did we learn today?
There was the downgrade of the treasury. But it went up. The gold is the winner.
So, what did we learn today?
Last edited by harharmahadev on Mon Aug 08, 2011 9:48 am; edited 1 time in total
Re: Stock market is the down!
DGP rules. That is all.
charvaka- Posts : 4347
Join date : 2011-04-28
Location : Berkeley, CA
Re: Stock market is the down!
May be I will regret it, but I put in a bunch of limit buys. GOOG at 520, AAPL at 330. DGP at 55 if it gets back down to that level.
charvaka- Posts : 4347
Join date : 2011-04-28
Location : Berkeley, CA
Re: Stock market is the down!
charvaka wrote:May be I will regret it, but I put in a bunch of limit buys. GOOG at 520, AAPL at 330. DGP at 55 if it gets back down to that level.
You like playing with fire? You might get lucky and catch a bounce after Bernanke comes out with a pro-market FOMC statement on Wednesday.
However, I am extremely leery of investing in these speculative names. I think it's easier to make money on the non-speculative companies / etfs.
Re: Stock market is the down!
Usually I am a conservative investor. But have been taking a few risks lately. Need to get my hands burnt once to push back and resume my usual long-term style.
charvaka- Posts : 4347
Join date : 2011-04-28
Location : Berkeley, CA
Re: Stock market is the down!
charvaka wrote:Usually I am a conservative investor. But have been taking a few risks lately. Need to get my hands burnt once to push back and resume my usual long-term style.
I'm your conscience. I instruct you to stay away until there is the settling of the dust.
Re: Stock market is the down!
BAC is down to near 2009 lows....I sold it at 14.95, phew. wondering if there's any benefit for setting limits to buy at 6ish or is it a falling knife?
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Stock market is the down!
harharmahadev wrote:charvaka wrote:Usually I am a conservative investor. But have been taking a few risks lately. Need to get my hands burnt once to push back and resume my usual long-term style.
I'm your conscience. I instruct you to stay away until there is the settling of the dust.
what does dust settling mean, announcement of QE3? I hope market tanks big time below 990 for S&P on that news so I can buy.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Stock market is the down!
Propagandhi711 wrote:BAC is down to near 2009 lows....I sold it at 14.95, phew. wondering if there's any benefit for setting limits to buy at 6ish or is it a falling knife?
There is a chance you could catch a bounce...but is it really worth it? There are so many good companies selling at a nice discount. Why bother messing with rabid dogs?
Re: Stock market is the down!
Propagandhi711 wrote:harharmahadev wrote:charvaka wrote:Usually I am a conservative investor. But have been taking a few risks lately. Need to get my hands burnt once to push back and resume my usual long-term style.
I'm your conscience. I instruct you to stay away until there is the settling of the dust.
what does dust settling mean, announcement of QE3? I hope market tanks big time below 990 for S&P on that news so I can buy.
I think Fitch and Moody will downgrade US treasuries as well. Then the Euro crisis has to play out to some degree of conclusion. China will slowdown.
Of course, the market will bottom out well before all the events play out, but this time the bottom could be elusive. If the fed doesn't step in with a generous QE3 program, there could be further panic. If the fed does announce a good QE3, the markets could rally big time.
There are multiple ways to play it. Probably call options for SPY at 120 for next month expiry may be good. Atleast, your loss is limited.
Re: Stock market is the down!
The good thing about market panics is that the market gives us a glimpse of it's hand (as in cards).
After the downgrade, the USD fell against most major currencies, excluding Euro and including Chinese Yuan. However, however, Indian Rupee fell!
Ok. Inspite of the huge delta in interest rates between India and US, INR fell. Inspite of the huge euphoria around the booming Indian economy and the dying American economy, the INR fell.
Currency market players are sophisticater than equity players. The long and short of it is that cracks are showing up in the India Booming euphoric rants. Caution is warranted.
After the downgrade, the USD fell against most major currencies, excluding Euro and including Chinese Yuan. However, however, Indian Rupee fell!
Ok. Inspite of the huge delta in interest rates between India and US, INR fell. Inspite of the huge euphoria around the booming Indian economy and the dying American economy, the INR fell.
Currency market players are sophisticater than equity players. The long and short of it is that cracks are showing up in the India Booming euphoric rants. Caution is warranted.
Re: Stock market is the down!
Municipal bonds and bonds of various financial companies might be downgraded next. This could cause further weakness to equities. Eventually, it is going to be an incredible buying opportunity for the patient.
The baby is being thrown out with the bathwater.
The baby is being thrown out with the bathwater.
Re: Stock market is the down!
harharmahadev wrote:Propagandhi711 wrote:BAC is down to near 2009 lows....I sold it at 14.95, phew. wondering if there's any benefit for setting limits to buy at 6ish or is it a falling knife?
There is a chance you could catch a bounce...but is it really worth it? There are so many good companies selling at a nice discount. Why bother messing with rabid dogs?
coz the 2009 memory of the bank stocks tripling in no time is still fresh in my brain. agree it's got a lot of problems but you never know when they decide it's still a large bank with prospects.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Stock market is the down!
Propagandhi711 wrote:harharmahadev wrote:Propagandhi711 wrote:BAC is down to near 2009 lows....I sold it at 14.95, phew. wondering if there's any benefit for setting limits to buy at 6ish or is it a falling knife?
There is a chance you could catch a bounce...but is it really worth it? There are so many good companies selling at a nice discount. Why bother messing with rabid dogs?
coz the 2009 memory of the bank stocks tripling in no time is still fresh in my brain. agree it's got a lot of problems but you never know when they decide it's still a large bank with prospects.
It's too soon to draw parallels. If the fed decides to do nothing (which is not outside the realm of possibilities, given the political and economic situation), then S&P could possibly see new lows, but I doubt if it would break the 2009 lows.
I think we need to wait and watch. I think we will get a window of opportunity to adjust positions.
Re: Stock market is the down!
Wish this all goes to the bottom and the make the wall street guys beg on roads like dogs. The second fall should be for the health care industry. The so called specialists, nurses and all. The lawyers should sue them all and make them beg. Lawyers will beg anyway one day!
The Absolute Zero- Posts : 655
Join date : 2011-04-29
Re: Stock market is the down!
You Holiness, when did you get so cold?The Absolute Zero wrote:Wish this all goes to the bottom and the make the wall street guys beg on roads like dogs. The second fall should be for the health care industry. The so called specialists, nurses and all. The lawyers should sue them all and make them beg. Lawyers will beg anyway one day!
Hellsangel- Posts : 14721
Join date : 2011-04-28
Re: Stock market is the down!
Hellsangel wrote: You Holiness, when did you get so cold?
After I visited your house (Hell that is) :-)
The Absolute Zero- Posts : 655
Join date : 2011-04-29
Re: Stock market is the down!
Propagandhi711 wrote:coz the 2009 memory of the bank stocks tripling in no time is still fresh in my brain. agree it's got a lot of problems but you never know when they decide it's still a large bank with prospects.
Be happy you are not played by another Ponzie Scheme guy. Those who went down with that guy now are doing odd jobs like TAXI service in FL for making ends meet. Someone in the Jail asked Ponzie guy, "Oh you are that guy? You stole millions?" He says "not millions, but billions."
Also told that he has no regrets. He has had a last laugh!! And He is in 70s. What if he got his jail now? He won't escape and live happily ever after, may be til 80+. And those who gave him the money, are now living a daily life in hell. Methinks for trusting that guy you deserve it. Me double happy if that investor is a physician or dentist or even a nurse.
The Absolute Zero- Posts : 655
Join date : 2011-04-29
Re: Stock market is the down!
The Absolute Zero wrote:Propagandhi711 wrote:coz the 2009 memory of the bank stocks tripling in no time is still fresh in my brain. agree it's got a lot of problems but you never know when they decide it's still a large bank with prospects.
Be happy you are not played by another Ponzie Scheme guy. Those who went down with that guy now are doing odd jobs like TAXI service in FL for making ends meet. Someone in the Jail asked Ponzie guy, "Oh you are that guy? You stole millions?" He says "not millions, but billions."
Also told that he has no regrets. He has had a last laugh!! And He is in 70s. What if he got his jail now? He won't escape and live happily ever after, may be til 80+. And those who gave him the money, are now living a daily life in hell. Methinks for trusting that guy you deserve it. Me double happy if that investor is a physician or dentist or even a nurse.
that's a fine rant, if a bit irrelevant. you and uppili must go to the same school.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Stock market is the down!
Propagandhi711 wrote:[
that's a fine rant, if a bit irrelevant. you and uppili must go to the same school.[/quote]
Think DD - and think well.
Not the DD that you usually think about...
Marathadi-Saamiyaar- Posts : 17675
Join date : 2011-04-30
Age : 110
Re: Stock market is the down!
http://business.financialpost.com/2011/08/08/gold-may-hit-2500-in-2011-jp-morgan/
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