posted
This is a good time to be holding value stocks and lots of cash. Blue is a good one to follow to protect against bad markets.
We had some warnings, I think back in early 2005 year, of things to come. Never expected markets to become this bad, though.
Most of this is contributable to inflation because of oil company and oil trader greed. Second cause is Bush destroying economies and destroying peace and confidence.
My estimate is markets will recover during 2008 year when people will celebrate being rid of Bush. However, we will still be stuck with the Iraq-nam war. By 2009, markets should be greatly improved with a Democratic president and a democratic controlled congress.
However, democrats will raise taxes! Nonetheless, democrats will withdraw from the world and focus on domestic policies to help American families which will boost spending.
Real estate is looking good again, for the next couple of years. Some mild downturn in prices, buying chances should appear, especially with adjustable rate mortgages clobbering people into selling or foreclosure, due to rising Fed interest rates to combat inflation.
Interesting, the Feds and Bush are responsible for this inflation!
posted
Mumbai - Indian police are watching out for possible suicides by brokers and investors after a steep market slide wiped out billions of dollars in share values, officials said on Monday.
Police officers were keeping a watch near lakes and canals, possible places where people in distress could head to kill themselves. They said rescue teams were on alert.
"A financial crisis can trigger suicides. We are just trying to prevent them. Till now, no such cases have been reported," said RK Patel, a police official in the western city of Ahmedabad.
India's Bombay Stock Exchange, which had a market value of $657-billion (about R4,2-trillion) last week after falling 10 percent in the previous two sessions, slid as much as another 10 percent in early trade on Monday following sales of stocks held by brokers as security on behalf of their clients.
Throwing themselves off high rises
"Gold has turned into brass. We are finished," said SS Gupta, a middle-aged Mumbai broker who said he had lost millions of rupees in two hours of trading on Monday morning.
Ahmedabad is considered particularly vulnerable to stock market volatility.
With over five million retail investors, the city is one of India's main trading hubs where people have put in millions of dollars of their disposable income into the stock market.
"I borrowed money to trade in the market. I lost it all in the past two days," said 37-year-old Sanjay Joshi, a small investor. "I don't know how will I repay my loans."
In the 1990s, a stock market meltdown led to several bankrupt brokers and small investors committing suicide across India, some of them drowning in rivers or throwing themselves off high rises.
Analysts described the market slide - which has been as much as 22,4 percent from an all-time high of 12 671,11 points on May 11 - as a correction and said order should return soon.
"It seems overdone and the market should stabilise during the second half of this week," said Rajat Jain, Chief Investment Officer, Principal Asset Management Company.
- Additional reporting by Rupam Jain Nair in Ahmedabad
"Then on Sunday May 14th, currency traders in London, picked up an obscure report from the UK’s Observer newspaper, that indicated the International Monetary Fund was in behind-the-scenes talks with the EU, Japan, the US, China and other major powers to arrange a series of top-level meetings to tackle imbalances in the global economy, and address the dollar sell-off that was rattling global stock markets...."
posted
Stocks Climb As Oil, Gold Rebound Tuesday May 23, 10:14 am ET By Christopher Wang, AP Business Writer Stocks Climb As Oil, Gold Rebound and Toll Brothers Posts Solid Earnings
NEW YORK (AP) -- Stocks climbed Tuesday as solid earnings from homebuilder Toll Brothers Inc. and a jump in oil and gold prices helped Wall Street extend a recovery that began late in the previous session.
Rebounding commodities prices boosted the energy and mining sectors and also lent support to stock markets in emerging countries, which have been hard hit by the recent volatility in oil and metals. However, persistent concerns about rising interest rates left Japan's stock market at a three-month low.
With no new economic data to consider, investors awaited congressional testimony later in the morning from Federal Reserve Chairman Ben Bernanke for clues about the central bank's plan for interest rates. Recent signs of inflation have supported the possibility of more interest rate hikes from the Fed, sending stocks on a tailspin over the past two weeks.
Oil prices climbed past $70 again after forecasts for an active hurricane season ignited worries about another round of devastation of Gulf Coast refineries. A barrel of light crude gained 93 cents to $70.89 on the New York Mercantile Exchange.
In midmorning trading, the Dow Jones industrial average gained 52.50, or 0.47 percent, to 11,177.83. The Dow is still about 4 percent off its six-year closing high of 11,642.65, reached May 10. It showed signs of turning around late Monday, closing down 18 points after erasing most of an earlier 100-point deficit.
Broader stock indicators advanced. The Standard & Poor's 500 index was up 8.91, or 0.71 percent, at 1,270.98; the Nasdaq composite index rose 20.58, or 0.95 percent, to 2,193.44, but was still negative for the year.
Advancing issues led decliners by 11 to 3 on the New York Stock Exchange, where volume of 231.9 million shares beat the 217.4 million shares changing hands at the same point Monday.
Bonds pulled back from their recent runup, with the yield on the 10-year Treasury note rising to 5.07 percent from 5.04 percent late Monday. The U.S. dollar was barely changed against other major currencies, and gold prices gained ground to stand near $660 an ounce.
Although Japan's Nikkei stock average plunged 1.63 percent, European markets rebounded sharply and contributed to Wall Street's fervor. In afternoon trading, Britain's FTSE 100 gained 2.29 percent, Germany's DAX index jumped 2.03 percent and France's CAC-40 was higher by 2.21 percent.
The bounce in commodities had aluminum producer Alcoa Inc. and oil company Exxon Mobil Corp. leading the Dow industrials higher. Alcoa rose 79 cents to $31.94, and Exxon was up 81 cents at $61.59.
Toll Brothers posted better-than-expected earnings for last quarter, but the homebuilder said higher material and labor costs would cause its 2006 profit to be less than previously estimated. Toll Brothers nonetheless rose $1.44 to $28.34.
Federal regulators are slapping Fannie Mae with a fine between $300 million and $500 million for alleged accounting improprieties following a three-year investigation of the mortgage lender. Fannie Mae was halted at $50.27.
The Russell 2000 index of smaller companies advanced 9.10, or 1.27 percent, to 724.35.
posted
EZM worth a look - Cramer pumped it at $2.50, went up to $3.25 and crashed last week, bounced off the 50 day MA ($2) and is climbing. Up to $2.40 today
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So boring, I am consider getting up off my fat butt and doing some work. Thinking I will go over to one of our rentals and help my old man glue down floor tile.
Speaking of boring, our regional electricity went out yesterday evening, around six, and was not restored until four this morning. I think a dry lightning strike did this, or my hair dryer.
Panic this morning thinking I would not be able to access the internet to research stocks and watch our portfolio. Turns out a panic for nothing; there is nothing happening today, save for a few angry hornets flying about.
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Purl noticed that next year thing...Geezz Gurl not again! Atleast check in on the board once in awhile while I'm stuck at home...Against the Doc's orders could mess up my VA thing....I'm stuck for a couple weeks..
We'll find a runner somewhere...Pay for a ton of fuel for your Shark, anywho!
We are outa here for Hawaii sometime this summer, Hopefully for more than just a couple of Weeks.
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That puppy uses two gallons of gas just starting it up! My husband bought a 1952 Chevy Panel truck for me to drive. Little six cylinder, great milage, lots of room in the back for, uh, well, you know.
I do not like this policy of allowing others to personally insult me with accusations, vulgarities, sexist remarks and such while my comical posts are deleted.
Too many complainers around here! My patience is worn very thin.
I will check in with you and Blue, every so often. Other than that, I will busy making money in the markets, as "almost" always.
Now look, you boys stay on the deer trail just south of the Red River, head east until the river widens and the waters shallow, then cross over into Oklahoma and don't be setting foot on Indian Lands!
The World is a cheap place, in some circles nowadays.....Vulgar, disrespectful Behavior towards Women, in the circles of the selfish, whinning, Self serving Socio Paths is rampant....
I wouldn't want these types in a Fox Hole with me when the chit hits the fan..Just overall decay of America, I guess. I have a Hunch you run with the real winners, just remember them when you have to deal with the trash.
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I'm back to about what I started with 2 months ago when I really started trading. Dang - I had to go find myself a job.
My father worked on wallstreet - him and I agree there has NEVER been this much pesimistic uncertainty in the US market economy:
1. Foreclosures at all time high 2. Housing prices at all time high 3. Gas prices at all time high 4. Imports at all time high 4. Iraq war
There's gotta be a runner in there somewhere - just wish I could get back to making 10% a week like I was for while...
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money.
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quote:Originally posted by Purl Gurl: I do not like this policy of allowing others to personally insult me with accusations, vulgarities, sexist remarks and such while my comical posts are deleted.
i don't know what posts got deleted, but i personally agree that i'm surprised that board moderators were indifferent to the vulgar attacks on you lately. several posters in particular should have been banned imho, but clearly they weren't.
clearly you're better able to defend yourself than perhaps anybody here, and most of the buffoons taking you on were ridiculously overmatched. and i suppose i can see an argument for 'free speech' and such. but - still disappointing to me to see some mighty crude personal attacks on you (including one using the c-word) allowed without recourse. personally i'd rather not see this board degenerate into RB.
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