coyotes22
Posts: 11,298
Aug 8, 2011 9:55pm
vball10set;855122 wrote:[video=youtube;W4hfdaC7eL4][/video]
post fail
OneBuckeye
Posts: 5,888
Aug 9, 2011 12:50pm
So we are back up over 11,000 today. I'm sure it goes back down again tomorrow...
FatHobbit
Posts: 8,651
Aug 9, 2011 1:07pm
When asked which way the stock market will go, JP Morgan replied "It will fluctuate"
Heretic
Posts: 18,820
Aug 9, 2011 2:19pm
FatHobbit;856230 wrote:When asked which way the stock market will go, JP Morgan replied "It will fluctuate"
Man, I should be a speculator if all there is to it is saying stuff like, "It will go between going up and going down." I mean, that's mind-fucking-blowing analysis right there!
FatHobbit
Posts: 8,651
Aug 9, 2011 2:23pm
Heretic;856295 wrote:Man, I should be a speculator if all there is to it is saying stuff like, "It will go between going up and going down." I mean, that's mind-fucking-blowing analysis right there!
From some of the people I know you don't have to be real bright. Just enthusiastic enough to get other suckers to let you invest their money.
McFly1955
Posts: 1,441
Aug 9, 2011 3:54pm
back up 323 pts as of now --- what the eff is going onnnnnnnnn
edit: minutes later -- 420+
A lot of people who called me or went online to put their money into conservative investments yesterday will not be happy....
edit: minutes later -- 420+
A lot of people who called me or went online to put their money into conservative investments yesterday will not be happy....
gorocks99
Posts: 10,760
Aug 9, 2011 3:58pm
Just crossed +430
RedRider1
Posts: 3,850
Aug 9, 2011 4:04pm
It's up about 600 pts. from just 90 minutes ago.
Maybe it's got something to do with the Fed saying they're going to continue propping the economy up (read: printing money) for another 2 years.
Maybe it's got something to do with the Fed saying they're going to continue propping the economy up (read: printing money) for another 2 years.
iclfan2
Posts: 6,360
Aug 9, 2011 7:02pm
Bernanke is a total douche bag. Let interest rates fluctuate with the market you POS. Artificially keeping the rates down is ridiculous.
OneBuckeye
Posts: 5,888
Aug 10, 2011 11:48am
and boom goes the dynamite. Never would have guessed this was going to happen today.
F
fan_from_texas
Posts: 2,693
Aug 10, 2011 1:28pm
gut;855451 wrote:This is the power of dollar-cost averaging and periodic re-balancing. Very simple concepts that can substantially reduce volatility with little effort on the part of the investor (note: save a few bucks trying to rebalance when adding more principle, avoiding the extra transaction fee buying and selling to rebalance).
I don't buy individual stocks, I invest in countries or sectors, across bonds/equities/commodiities. Simple asset allocation and forget about it, and I tweak it occasionally with where I see risks and opportunities.
Exactly. I don't plan to retire for another 40 years, so this isn't a big deal. I keep investing and looking longterm.
The real issue is if the economy slips into another recession and then we have more job losses--I'm not sure the system (particularly real estate) could handle another shock.
G
gut
Posts: 15,058
Aug 10, 2011 5:35pm
fan_from_texas;857500 wrote:I'm not sure the system (particularly real estate) could handle another shock.
Investors have money sitting on the sidelines, and the reality is rents are already well over prices in many areas. More people losing their homes would only further increase the demand for rent, so I'd expect a floor to form pretty quickly from these levels.
McFly1955
Posts: 1,441
Aug 11, 2011 12:16pm
gut;857804 wrote:rents are already well over prices in many areas
McFly1955
Posts: 1,441
Aug 11, 2011 3:46pm
Up 500+ today --- wow.
Imagine if you were some stock market guru buying low and selling high all week, you could buy $12 memberships for the entire world with those returns.
Imagine if you were some stock market guru buying low and selling high all week, you could buy $12 memberships for the entire world with those returns.
Tobias Fünke
Posts: 2,387
Aug 11, 2011 3:50pm
McFly1955;858973 wrote:Up 500+ today --- wow.
Imagine if you were some stock market guru buying low and selling high all week, you could buy $12 memberships for the entire world with those returns.
The huge gains after the drastic falls were easy to see. I wish I had some wherewithal.
FatHobbit
Posts: 8,651
Aug 11, 2011 3:50pm
McFly1955;858973 wrote:Up 500+ today --- wow.
Imagine if you were some stock market guru buying low and selling high all week, you could buy $12 memberships for the entire world with those returns.
If I only had a time machine...