Prepare for a market bloodbath monday
- Thread starter papajohn56
- Start date
berto mentioned he was looking for an entry point for high dividend yield stocks
i'm thinking that this could present some good buying opportunities for something like intel if the market really craters
when investors overreact i think its a good chance to look at things from a different perspective.
take for instance, if you had bought BP right in the middle of the oil spill fiasco. you'd be shittin in tall cotton now.
this is just me thinking out loud here, i haven't invested in stock since I was 12 years old.
i'm thinking that this could present some good buying opportunities for something like intel if the market really craters
when investors overreact i think its a good chance to look at things from a different perspective.
take for instance, if you had bought BP right in the middle of the oil spill fiasco. you'd be shittin in tall cotton now.
this is just me thinking out loud here, i haven't invested in stock since I was 12 years old.
[ame=http://www.youtube.com/watch?v=oCaCrWzFPYY]George Soros Lecture Series: General Theory of Reflexivity - YouTube[/ame]
TSX and TSE (Canadian exchanges) will up for the week and up big.
Nasdaq will be flat, that exchange hasn't done jack-all for ten years anyways.
S&P will be down but rally and for the week will be up. NYSE will be up by mid-week.
And with $1.75 in loose change, you can get a grande at Starbuck. It's a summer long special.
Nasdaq will be flat, that exchange hasn't done jack-all for ten years anyways.
S&P will be down but rally and for the week will be up. NYSE will be up by mid-week.
And with $1.75 in loose change, you can get a grande at Starbuck. It's a summer long special.
I changed my mind, NYSE and S&P will be up for the week by end of trading Tuesday.
Just the Facts: S&P's $2 Trillion Mistake
Jeepers, those idiots at the ratings agency sorta balled this up.
Hey, let's make it interesting. $20 US bet on my prediction. Who is against me?
(Senior members of Wicked Fire only - payoff via Paypal with 24hrs of 1:00 EST Tuesday, market close)
If there is a line-up of guys looking to take my bet, I'll just read past posts and pick the guy who seems less of an idiot.
Bet offer closes midnight PST today.
Just the Facts: S&P's $2 Trillion Mistake
Jeepers, those idiots at the ratings agency sorta balled this up.
Hey, let's make it interesting. $20 US bet on my prediction. Who is against me?
(Senior members of Wicked Fire only - payoff via Paypal with 24hrs of 1:00 EST Tuesday, market close)
If there is a line-up of guys looking to take my bet, I'll just read past posts and pick the guy who seems less of an idiot.
Bet offer closes midnight PST today.
I've got my popcorn ready for Monday.
I still get better returns online, so I wont be playing with my money.
I still get better returns online, so I wont be playing with my money.
Sell the rumour, buy the fact.
My prediction, there will be a big selloff in early trade on monday but it will recorrect itself and the market will close higher (maybe not on monday itself - but by end of weeks trading). This is of course assuming no more bad news comes to light.
I'm going to be buying on the way down on monday, wish me luck
.
My prediction, there will be a big selloff in early trade on monday but it will recorrect itself and the market will close higher (maybe not on monday itself - but by end of weeks trading). This is of course assuming no more bad news comes to light.
I'm going to be buying on the way down on monday, wish me luck
.
Israel market is down 7% right now and their trading circuit breakers have been triggered for the first time since 2008.
I'm not the gambling kind otherwise I would take the $20 bet... Have a real hard time seeing how they are going to pull it up behind the scenes. Sheeple are starting to run scared and I have heard 'cashing out my 401k' more then once last week at the office (not a scientific study but a good indicator for me).
The Chinese are making noise about discarding the $ for trading however, there is no real alternative to the American $ right now. If ya could pick a different currency you could 'maybe' take the Euro but they are having their own problems right now.
Our current administration for the first time admitted this week that .gov does not create jobs: Businesses do. And most of those are sitting with their money on the sidelines right now, due to the uncertainty in regards to regulations that is coming from the White House. Unemployment data is beyond terrible right now and Fridays report was horrible.
The question now is: How can we change the environment so a) .gov does not spend more then it has b) how are we going to pay for the $14trillion in liabilities (not addressing the additional $61 trillion from Medcaid, Medicare and Social Security) c) create a friendly business environment so that people can go back to work which therefore grows tax base d) get health care costs under control?
I'm not the gambling kind otherwise I would take the $20 bet... Have a real hard time seeing how they are going to pull it up behind the scenes. Sheeple are starting to run scared and I have heard 'cashing out my 401k' more then once last week at the office (not a scientific study but a good indicator for me).
The Chinese are making noise about discarding the $ for trading however, there is no real alternative to the American $ right now. If ya could pick a different currency you could 'maybe' take the Euro but they are having their own problems right now.
Our current administration for the first time admitted this week that .gov does not create jobs: Businesses do. And most of those are sitting with their money on the sidelines right now, due to the uncertainty in regards to regulations that is coming from the White House. Unemployment data is beyond terrible right now and Fridays report was horrible.
The question now is: How can we change the environment so a) .gov does not spend more then it has b) how are we going to pay for the $14trillion in liabilities (not addressing the additional $61 trillion from Medcaid, Medicare and Social Security) c) create a friendly business environment so that people can go back to work which therefore grows tax base d) get health care costs under control?
Sell the rumour, buy the fact.
My prediction, there will be a big selloff in early trade on monday but it will recorrect itself and the market will close higher (maybe not on monday itself - but by end of weeks trading). This is of course assuming no more bad news comes to light.
I'm going to be buying on the way down on monday, wish me luck
+1 on this, got my limit orders ready to take advantage of big dips in the morning trading
Yeah, mistake made after how many people have been reporting on this for years? It's just the treasury trying to fix this slap in the face. It won't change anything. The Government's been broken since the 90's with out of control spending.
In short - this scare is a buying opportunity, if you have spare capital - buy some shit you see as swinging back by mid-week.