posted
ahhhyup. I agree glass. Rose colored stained glass can only hold up to so many pebbles, sooner or later it'll break imo.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by glassman: so imake are you having fun in this market?
i am not doing anything aggressive. i am enjoying the show for now.
if we end the year 8% up i'll be surprised, but i think we'll still end the year up more than 5%.
our gas prices are going up a nickel a day in our area.... IMO? if we hit 4$/gallon national avg? the recession be "on"
DOW ends year up more than 5%, but less than 8%:
Thanks to a big first-half advance, they managed to finish 2007 with a respectable increase of 6.43 percent — not as large as the 16.29 percent jump in 2006, but a better performance than the modest loss in 2005. http://www.msnbc.msn.com/id/3683270/
the NASDAQ did much better, but it's going to do worse next year IMO because consumers are running out of credit....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I say were headed below 12000 in the next few months. Although the Dow has surprised me that it has stayed in this range (13000) for as long as it has.
Some of these guys really are magicians with their money to have kept the market this high with the failing economy.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
What the heck just happenned? All going along well...lots of green all around...tech sector included...feeling good...until 3:00pm and then BAM! Down 238 pts in an hour.
Looks like the pattern over the past few days to make any money has been to sell in the morning and buy back just before close.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted January 04, 2008 05:49 PM -------------------------------------------------------------------------------- YEP!! GONNA BE SOME GREAT DAY TRADES,IMO
-------------------- EVEN IF YOUR ON THE RIGHT TRACK, YOULL GET RUN OVER IF YOU JUST SIT THERE.
-------------------------------------------------------------------------------- Posts: 8162 | From: San Diego CA | Registered: Jul 2006 | IP: Logged |
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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quote: 4:10 pm : It was another whipsaw day of trading on Tuesday, and its ending did not please the bulls. The stock market closed with a large loss, at its session lows, on renewed credit and economic concerns.
Stocks started the day modestly higher and drifted upward until renewed credit concerns sent the market sharply lower.
Several factors, all hitting the wires around the same time, fueled the credit concerns. Playing a large role was an unsubstantiated rumor that Countrywide (CFC 5.57, -2.07) is preparing to file bankruptcy as soon as this week, ACCORDING TO BLOOMBERG.COM
Meanwhile, bond insurers got hit after reports indicated Morgan Stanley cut its bond insurers profit outlook. MBIA (MBI 13.46, -4.16) and Ambac (ABK 19.59, -3.89) shed 22% and 17% respectively.
Moody's downgraded 46 Bear Stearns (BSC 71.32, -4.93) tranches backed by Alt-A Mortgage loans. Moody's also placed National City's (NCC 14.25, -0.94) credit rating under review for possible downgrade.
Stocks then rebounded into positive territory after Countrywide denied the bankruptcy rumors. The positive sentiment was short-lived, however, as statements from AT&T (T 39.13, -1.90) brought economic concerns back to the forefront.
AT&T's CEO said the company is disconnecting more home phone and broadband Internet customers for failing to pay their bills, ACCORDING TO BLOOMBERG.COM .
The CEO said the company is experiencing "softness" in its broadband and phone line businesses due to slowing economic growth. The news sent the company's shares and the overall stock market sharply lower.
Nine of the ten sectors
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
IMAKE,I think you are being really optimistic.I think the dow will retreat closer to 11,000. Isnt it funny how the many think of the whole market is an indicator on the good or bad on how the few stocks in the dow fair in the marketplace.
quote:Originally posted by Jo4321: What the heck just happenned? All going along well...lots of green all around...tech sector included...feeling good...until 3:00pm and then BAM! Down 238 pts in an hour.
Looks like the pattern over the past few days to make any money has been to sell in the morning and buy back just before close.
Jo
you'll find out tomorrow when the rest of US peasants get our news..
the hedges are "wired in" ahead of the delay....
Bloomberg is IMO the most reliable financial news group...
* Nicholas Maier, a former employee of Jim Cramer, alleged in his book, Trading with the Enemy (Collins, 2002), that Cramer would feed rumors to Bartiromo intended to affect the value of his positions when Bartiromo repeated them on the air. Time characterizes this as Cramer "gaming" Bartiromo. Cramer denies the accusation.[7]
posted
Citigroup Gains on WSJ Report of Foreign Investment (Update3)
By Chia-Peck Wong
an. 10 (Bloomberg) -- Citigroup Inc. rose in New York trading after the Wall Street Journal reported that the biggest U.S. bank is seeking as much as $10 billion from foreign investors as mortgage-related losses deepen.
Merrill Lynch & Co., the largest brokerage, also is in talks with investors and may get $3 billion to $4 billion, the Journal said earlier today, without citing any sources. Citigroup has already received about $7.5 billion from Abu Dhabi and Merrill said last month that it's raising as much as $6.2 billion from Singapore's Temasek Holdings Pte. and New York-based money manager Davis Selected Advisors LP.
Banks and securities firms in the U.S. and Europe have turned to Asian and Middle Eastern governments for about $34 billion to prop up balance sheets battered by writedowns from the collapse of the U.S. subprime market. New York-based Citigroup and Merrill want to secure additional financing before they report the extent of their fourth-quarter losses next week, the Journal reported.
posted
So what do you guys thinks going to happen here if the fed cuts rates at the end of the month?
Is the market going to take that as good news, or bad news? The last time they did it, it sunk the market, the time before that the market went up. It's hard to tell what the heck will happen.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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the market will always do the most damage to the most people possible....
who knows? i don't know why people think these cash injections are a good thing anyway, some of these co's are about to go under, and some of this may be throwing good money after bad...
what i can't get over is how 10 million$ in bad mortgages ends up equaling 1 billion$ in write-offs.. too much leverage/ margin being used?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
The past year the low for the dow is around 11900 and that was back when the outlook was not as negative so IMO we will go below that but how far down we go is anyones guess.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
These big moves down knock beginners out of the market and some will never return.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
Tons of earnings out this week...Bank of America, Wachovia, Dupont, Johnson & Johnson and Apple all scheduled for tomorrow...
AP Business Events for the Coming Week Friday January 18, 6:02 pm ET By The Associated Press Business Events and Economic Reports Scheduled for the Coming Week
Major business events and economic events scheduled for the coming week (some dates are tentative):
TUESDAY, Jan. 22
WASHINGTON -- Treasury bill auction; Senate Finance Committee hearing on economy and a stimulus plan.
HARTFORD, Conn. -- United Technologies Corp. releases fourth-quarter financial results.
INDIANAPOLIS -- WellPoint Inc. releases fourth-quarter financial results.
THURSDAY, Jan. 24
WASHINGTON -- Labor Department reports on weekly jobless claims, 8:30 a.m.; National Association of Realtors reports on existing home sales for December, 8:30 a.m.; Freddie Mac, the mortgage company, reports on mortgage rates; Senate Budget Committee hearing on economy; Senate Finance Committee hearing on economy.
SEATAC, Wash. -- Alaska Air Group Inc. releases fourth-quarter financial results.
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