posted
I've been staying away for the past two weeks, so this isn't hitting me too hard. Thank god. But on the upside, tonight will be a good night to go "shopping." LOL
-------------------- Everybody needs money. That's why they call it "money."
IP: Logged |
Agreed. The only problem is you need money to actually buy something, otherwise you're just window shopping....not that that can't be fun, and is probably better if you can't spot a deal if it smacked you in the face anyways. It's hard to free up money on days like this.
IP: Logged |
posted
Humm. I think the market needed the ass-wonkering it got today.. Had it coming, some would say. Banks have been sliding sideways for weeks now, with the sub-prime defaults, housing slowdown and what not.. and it's a good warning sign when the big money wheelers can't seem to hold their value.
Schop's dog is smart, going all cash in times like these.
Here's the untold benefit of playing small- and micro-cap stocks tho.. they're often so irrational and disconnected from the market at large, that even when Wall St. is burning down, they don't sink.. but turn a profit.
-------------------- the market is not your mother
IP: Logged |
posted
Worse drop of the year. ------------------------------------
Stocks Plunge; Dow Falls More Than 400 Thursday July 26, 3:26 pm ET By Joe Bel Bruno, AP Business Writer Stocks Plunge on Lending Worries, Taking Dow Industrials Briefly Down More Than 400
NEW YORK (AP) -- Wall Street suffered its biggest plunge of the year Thursday, leading global markets lower as investors fled stocks amid increasing uneasiness about the mortgage and corporate lending markets. The Dow Jones industrials briefly fell nearly 450 points, while Treasury yields plunged as investors moved money into bonds.
quote:Originally posted by fourseven: Humm. I think the market needed the ass-wonkering it got today.. Had it coming, some would say. Banks have been sliding sideways for weeks now, with the sub-prime defaults, housing slowdown and what not.. and it's a good warning sign when the big money wheelers can't seem to hold their value.
Schop's dog is smart, going all cash in times like these.
Here's the untold benefit of playing small- and micro-cap stocks tho.. they're often so irrational and disconnected from the market at large, that even when Wall St. is burning down, they don't sink.. but turn a profit.
---------------------------------------- agreed, a correction well over due and probably not finished yet, the majority of americans as awhole are not prospering, the dow is bloated and way overpriced and does not reflect an accurate forecast of this countries economy ( which in many regions is a wreck)!
IP: Logged |
I wish I could say it was smart...but it would be more accurate to call it "beginner's nervousness." I'm still learning this game, so I tend to err on the side of caution until I feel as if I can do consecutive, small, good trades on my own. I've already been bagged a few times these past few months, so I don't feel as if I'm "there" quite yet. I'm keeping my capital invested quite low until I have some semblance of confidence.
-------------------- Everybody needs money. That's why they call it "money."
IP: Logged |
quote:Originally posted by IMAKEMONEY: SHORT!!!!!!! LMAO
You be laffin', but that's exactly what went down. Look at the end of the day, from 3:20pm or so.. that little rally -- that's the shorts buying back what they sold earlier on.
Some people made a ton of money today, and the wave of panic helped splendidly.
-------------------- the market is not your mother
IP: Logged |
posted
Yea those are some nice waves. As for over here in So Cal we've been having nothing but crap lately, so i'd classify this month as pathetic for sure... You're a better surfer than I am anyway, but at least i'm far from a kook. Nice vid btw
IP: Logged |
Hey Surfer...I'm going snowboarding out in Colorado this winter...I was wondering if you could recommend a good place to go, and do you know when the best time of the year is to go for powder. A friend says he likes Winter Park in April...ever been there? Any suggestions?