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+--- Thread: market meltdown (/showthread.php?tid=1274)
RE: market meltdown - Fishboy - 08-07-2007
quote:
I remember when the DOW was at 4,000. Where is it now? 14,000?!
I started investing when the Dow was around 1500. Sure glad I did!
Mahalo nui loa,
Brian and Mary
Lynnwood, WA\Discovery Harbour
RE: market meltdown - bystander - 08-07-2007
quote:
How true.I remember when the DOW was at 4,000. Where is it now? 14,000?! I guess people didn't expect that, right?! Well, if they didn't, why did they invest in the market then? The only people losing out are the bystanders.
Despite my name, I'm not one of those bystanders. I have some money invested in the market. The last two weeks have been very volatile to say the least but I'm holding tight along with the majority of investors for good or worse. I have shares of AAPL, DRYS, CBI and MA.
Good luck to all "long" investors. Shorts and go eat my shorts.
Edited by - bystander on 08/07/2007 13:56:17
RE: market meltdown - Jared I - 08-10-2007
The market is on a tear again. The Fed is pumping in cash. High VIX is not good for the markets. It will end badly, you cant push a string. Pick up the red phone and call in Volcker. The market has been great for me, I have been shorting financials and builders. Next shorts are for oil companies and oil servicers. I guess subprime won't spill over at all. I have been buying selects stocks too.
Within the next year watch for ING to have major problems. The carry trade is shutting down. AUG 15 is a big day, watch for more hedge funds to lock-up.
It will be a beautiful buying market soon as all these subprimes reset, then the arms, then the recession. Forclosures for everyone. Didn't I tell everyone to short subprime lenders last fall and financials around the New Year. Geez I must have been crazy to give free advice like that. My Bear Stearns is down like 30%, I love blood in the water. Lets crash the Dow back to 7K.
BTW: Cramer is a fool. The fool was bullish on dotcoms too, while they were melting down.
RE: market meltdown - loffelkopffl - 08-10-2007
check out the "plunge protection team"
http://www.marketoracle.co.uk/Article1771.html
RE: market meltdown - bystander - 08-10-2007
This is what I want to hear. Signs of real fear indicate that the bottom may be near. If everyone thinks this is a normal and expected correction then it won't be. We need total capitulation before the bottom is reached. People need to be panicing and selling all their shares before the market goes back up.
RE: market meltdown - Brad W - 08-10-2007
Normal and to be expected correction. It will pass with little to no damage for those who stand firm. But again, we saw this coming. Even the talking heads whom I often don't agree with said USA 2007 would be flat. I dumped everything domestic beginning last August (the last of which, oddly enough, was a real estate equity fund sold the second week in November - it tanked a week later and the slide has not stopped). I realocated my Mother's stuff to international, and did likewise for my wife's SEP. No regrets. The economy is international, gentlemen. It will be that way from now on. Think IPO on a global scale. China, Latin America, India, anywhere markets are clearly emerging. Put together China, petro-chemicals, finacials, and insurances, and you get a 70% return.
RE: market meltdown - loffelkopffl - 08-15-2007
is a thousand points a correction or meltdown? the fed has poured over 47 billion $ in, if not for them where would it be? your tax dollars at work, lol
RE: market meltdown - Brad W - 08-15-2007
Other countries are doing likewise. Reuters report this morning on the basics shows the economy is quite strong. It's just jitters from the housing sector, it'll pass. The sooner people realize that, the sooner they can make some money. Come on folks, dig up those tomato cans.
RE: market meltdown - bystander - 08-15-2007
Too many people think this is just normal and expected. I don't see the bottom yet.
RE: market meltdown - JerryCarr - 08-15-2007
Don't panic. A 10% correction would take the Dow down to about 12,600. Like so many others have said, unless you need your assets almost immediately, the smart thing is to hold on to perennial solid performers and keep up routine investing. Just don't buy any mortgage-laden instruments of any sort. I kept up my 401k automatic payroll investing during the tech bust and got some real bargains that appreciated tremendously later.
Cheerfully still in the market,
Jerry