quote:Originally posted by BooDog: Just plan opposite on whatever your thinking. LOL (just kidding) Futures are only a little red this morning so we may get a small gap down with some decent action. I was surprised to only see the nikkei only recover less than 3%. I'm thinking more sideways so we could get another 1k swing. NIKKEI8693.82235.37+2.78%
So much for just a little red.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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CIT is running pretty good this morning afer a baad day yesterday,, I have a buy in thinking it would dip on open but up .46 already %15....
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Warren Buffet just came out today and said America's on sale. He's buying stock for his personal account. He called the bottom in the 60's, the 70's, and said that we were too high in 1999. He has been right 100% of the time. Dow 5000 here we come. LoL
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quote:Originally posted by invester: Warren Buffet just came out today and said America's on sale. He's buying stock for his personal account. He called the bottom in the 60's, the 70's, and said that we were too high in 1999. He has been right 100% of the time. Dow 5000 here we come. LoL
He has to be wrong one time! Plus he says he was buying when the market was down 300 yesterday and stopped when the market turned positive. So if you consider that then he thinks the value is below 9000! I would sell into any rally this news produces. Good stocks are out there but can't buy the market at the current prices IMO.
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As I have been originally saying, and called that the bottom is in. I called the very day it hit 7900. Your saying you’re not going to get back in until next summer? You will be getting in only to loose money on the down side. As I said before, when everyone is greedy be fearful, when everyone is fearful be greedy. Allot of these armature traders on this site are constantly contrarians, and pessimistic. I'll ask all of you, have you made any money this year? Are you down for the year? I'm up several hundred percent with shorting Financials, then getting long at the right time. Up or down for the year??????
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You did great catching this bottom V. But to think the worse is over? ehhhhhh not so sure. Just my opinion but 250b dollars to bail out about a trillion dollars? Still a lot of rough waves ahead. I took the same opportunity you did though by re-investing my retirement payday deposits 100% but still holding back the main capital. Mine is with Barclays and I think there are still some major ripples to go. I did hear a report that October has been the "bounce" month for most of our deep economic dips so that was encouraging. And I do agree with warren's saying about "when everyone is greedy be fearful, when everyone is fearful be greedy." Will it hold? Only time will tell. What am I waiting for? I would like to see more disclosure on our banks with a full report on their credit card debt and toxic waste. Another round of write-down’s? Maybe. Govt giving top banks equal $$ to attempt to "hide" the bad apple is pretty foolish don't you think? Gonna be a tight Christmas imo. You've got the business education not me but in a soft market I'm looking for the fundamentals to firm up a bit, but my money is going in at the same time - and yep - up so far.. Otherwise it's swing trading and trying to win more than I lose.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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Doom and Gloom AAPL knocked the cover off the ball. Analyst’s estimates around 8b, actual 11b. We may see that consumer driven recovery after all. This is very surprising news. Dow 5000 here we come. LoL
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One other opinion, YHOO will be bought for $21 by Microsoft. The offer will be within 2-3 weeks. Dec. at the money Calls will PAY off.
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quote:Originally posted by invester: As I have been originally saying, and called that the bottom is in. I called the very day it hit 7900. Your saying you’re not going to get back in until next summer? You will be getting in only to loose money on the down side. As I said before, when everyone is greedy be fearful, when everyone is fearful be greedy. Allot of these armature traders on this site are constantly contrarians, and pessimistic. I'll ask all of you, have you made any money this year? Are you down for the year? I'm up several hundred percent with shorting Financials, then getting long at the right time. Up or down for the year??????
You along with everyone at CNBC called the bottom. I was watching that day and after the selloff at the open just about every single person was saying its the bottom. When the masses think one way go the other! Everything right now in the market is non sense. Day to day moves are not important. Worst is yet to come IMO. Obviously there are stocks out there to buy but the market as a whole looks no good.
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quote:Originally posted by invester: One other opinion, YHOO will be bought for $21 by Microsoft. The offer will be within 2-3 weeks. Dec. at the money Calls will PAY off.
That's funny, I remember MSFT mentioning that they would not make another offer for yahoo.
quote:Originally posted by invester: Doom and Gloom AAPL knocked the cover off the ball. Analyst’s estimates around 8b, actual 11b. We may see that consumer driven recovery after all. This is very surprising news. Dow 5000 here we come. LoL
It's one thing to call bottom a few months in advance, it's another to call it the day that it happens. Now stop putting fear in the neighbors! Japan Nikkei 225 -631.56 -6.79% 8,674.69 10/22 4:30pm
Economic gloom hits global stocks Japan's Nikkei index dives nearly 7%. European shares drop as euro and British pound fall sharply against the dollar.
feed://rss.cnn.com/rss/money_markets.rss Paste this link into your favorite RSS desktop reader
Last Updated: October 22, 2008: 4:41 AM ET
AMERICA'S MONEY CRISIS Economic gloom hits global stocks Paulson: Global cooperation is crucial to end crisis Analysts cautious on AmEx GM-Chrysler: Stuck in neutral Monthly job losses cut across 41 states Is capitalism deteriorating?
More VideosLONDON (CNNMoney.com) -- Stocks around the world fell Wednesday, tracking Wall Street's selloff overnight, amid deepening worries about the economy and corporate earnings.
European shares opened lower, with major markets in London, Paris and Frankfurt all down about 2% in the early going.
Asian markets dived, with Japan's Nikkei closing down 6.8%. The Hang Seng index in Hong Kong was off nearly 6% and South Korea's KOSPI finished the day down 5.1%.
U.S. futures, which give an indication of how Wall Street will perform when trading begins, were mixed.
Stocks on Wall Street tumbled Tuesday as investors expressed disappointment with a slew of earnings reports.
The Dow Jones industrial average lost 2.5%. The Standard & Poor's 500 index shed 3.1% and the Nasdaq composite sank 4.1%.
With 21% of S&P 500 companies already having reported results, third-quarter profits are currently on track to have fallen almost 10% from a year ago, according to the latest estimates from Thomson Reuters.
In Tokyo, major exporters such as Sony and Toyota Motor slumped amid concerns about the weakening global economy.
Meanwhile, economic fears deepened in the U.K. after Bank of England Governor Mervyn King said Tuesday it is likely that Britain is entering a recession.
The euro and the pound fell sharply against the dollar. The euro tumbled as low as $1.2736 in morning trading, down from $1.3003 late Tuesday.
The British pound touched a five-year low against the dollar. It bought $1.6326 Wednesday, versus $1.6560 the day before.
CNN Wires and The Associated Press contributed to this report.
First Published: October 22, 2008: 4:04 AM ET
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quote:Originally posted by invester: One other opinion, YHOO will be bought for $21 by Microsoft. The offer will be within 2-3 weeks. Dec. at the money Calls will PAY off.
That's funny, I remember MSFT mentioning that they would not make another offer for yahoo.
Are you calling Gates a liar now too?
Did you used to live in a glass house?
Guy, the CEO of Microsoft "Steve Ballmer" came out last week and said a deal with YHOO would still be viable. You need to be current to be a good trader. You REALLY bring nothing to the table on this site.
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We're hovering 800 points above the "BIG BOTTOM" of 7900. Normally I would say that's a safe margin, but what used to take weeks now takes hours.
Take a look at the relationship between S & P and the EUR/USD. They were married up until 2 days ago. Big time divergence building, and I don't think the Euro is gonna magically snap back up, which means something else needs to come down...(overly dramatic music here)
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quote:Originally posted by BooDog: My charts above are just me putting a piece of toilet papper on the wall and throwing darts. Like to see a few others offer their guesses.
quote:Originally posted by glassman: 7900? i have one scenario on my chart that takes us to 6000, look at the low on 9-18 and the low on 10-10...
draw a line under them
it's just too frothy to pick the trayend line for me right now....
quote:Originally posted by Peaser: My guess is 5000 on the Dow. Wait and see.
I like support between 7,200 (for now) and resistance of 9,800. The media has been trying to control when to buy and sell imo, but they are losing the control. I LIKE MY CHARTS BUT!!! We can't ignore those that have been here before.
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Yep. I have put protection that I'm making money with. I cover every 100 shares that I own with a put. Every time we fall I sell the puts for profit still holding the shares. I realize it seems crazy to call a bottom, but I am. We aren't out of the woods, but the stocks I'm in are WAY up. I don't play indexes. If you’re not DCA at these levels your crazy. Even with downward revised earnings, stocks are historically cheap. I’m not saying we won’t test the lows, but I don’t feel we will break them. That said, if something egregious happens “war with Iran, Oil embargo, etc…” happens I will change my view. The game always changes.
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Makes sense. Too bad my retirement account doesn't allow me the fluid ability to transfer funds around more than just twice a month. Their control has keept me from jumping in and jumping out. When I get a handle on things more i'll be making more elswhere though.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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