We are moving into new era in modern finance as the government is seeking to put a floor on all downside risk to our retirement plans
please post your thoughts on where the stock market will go from here
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We are moving into new era in modern finance as the government is seeking to put a floor on all downside risk to our retirement plans
please post your thoughts on where the stock market will go from here
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In the spirit of tradition, should we all red the thread?
Pope: no offence, just making it easier to find this thread.
tolamapS said:In the spirit of tradition, should we all red the thread?
Pope: no offence, just making it easier to find this thread.
I was thinking that myself --- red is encouraged
Sell, as long as we are being spiritually traditional, in my opinion, we have nowhere to go but up from here. Good luck, and God Bless These United States and Our Portfolios.
long and strong.
DOW to 12000 and beyond.
My cousin told me to start selling everything and put it into gold. He said "the gov't is socializing Wall Street! So, THE depression is coming!!! Global depression!" 
So my logical question to him was where I can I find a reasonably price cave I can rent and how much ammo should I bring with me...you know, to protect all my gold...he just chuckled at my ignorance...(and to think we're related....)
Good idea to invest in gold. Is that mean go out to buy gold or buy gold index or is there any stock for gold? Thanks.
GLD is roughly equivalent to buying gold bullion w/o paying the shipping charges and higher buy/sell spread. It's an ETF.
GDX is a gold miner company ETF.
Hope that helps.
germanpope said:We are moving into new era in modern finance as the government is seeking to put a floor on all downside risk to our retirement plans
please post your thoughts on where the stock market will go from here
If (perhaps more likely WHEN) the bond market crashes, people will realize that the floor was made of weak particle board vs. concrete. What has the federal debt risen to in JUST ONE YEAR? We were somewhere close to $9 trillion less than a year ago. Now, we're staring at >$11T. If you guys don't think a bond market collapse could be right around the corner.. it's time to wake up. Sure we could have a bailout for everything. But, if ten yr treasuries hit double digits, this bailout nonsense will all be for naught. No question very ugly/scary times we live in..
Dealguy123 said:germanpope said:We are moving into new era in modern finance as the government is seeking to put a floor on all downside risk to our retirement plans
please post your thoughts on where the stock market will go from here
If (perhaps more likely WHEN) the bond market crashes, people will realize that the floor was made of weak particle board vs. concrete. What has the federal debt risen to in JUST ONE YEAR? We were somewhere close to $9 trillion less than a year ago. Now, we're staring at >$11T. If you guys don't think a bond market collapse could be right around the corner.. it's time to wake up. Sure we could have a bailout for everything. But, if ten yr treasuries hit double digits, this bailout nonsense will all be for naught. No question very ugly/scary times we live in..
I agree it was much more pleasant waiting for the problems to be realized --- then to be told by the Secretary of the Treasury and the Chairman of Federal Reserve that we were facing such certain destruction that we need to ante up nearly a trillion dollars --- on that note, it just isn't fun anymore
Friday's rally did nothing to make me feel comfortable about the future
....
goodspeed said:
Date Posted: Sep/10/2008 3:46 PM
WM down 29.7% today to $2.32. Can it survive? I don't know, but I bet that it could.
Bought more today to bring average down to $3.75/share.
Mother nature, let LEH fail if you must but please save WM. 
what I said 11 days ago.
I believe we will see more short squeezes of financial stocks in the coming days.
skagen said:GLD is roughly equivalent to buying gold bullion w/o paying the shipping charges and higher buy/sell spread. It's an ETF.
GDX is a gold miner company ETF.Aren't gold company stocks or gold ETFs more volatile than the price of gold because the cost of mining the metal isn't zero?
I don't know exactly how it works, but I decided to short the financial spyder XLF. I don't know if they've "eliminated" the "banned" stocks from their portfolio or not.
DavidScubadiver said:I don't know exactly how it works, but I decided to short the financial spyder XLF. I don't know if they've "eliminated" the "banned" stocks from their portfolio or not.
Or you can buy SKF.
Well shorting the SPDR XLF seems to be doing the trick, unfortunately. I also decided that with all of the bad news, people are going to need more toys, so I upped my toy stock holding. My portfolio remains open to view at Zecco if anybody cares.
bravebiffy said:My cousin told me to start selling everything and put it into gold. He said "the gov't is socializing Wall Street! So, THE depression is coming!!! Global depression!"
Its the end of the American Century or at least the beginning of the end.
The Global Depression just doesn't have the right zing to it. How about the Great Depression II? Or the depression to end all depressions?
Can we make it all the way to October (the tradional month of Stock Market Crashes)?
We had the Asian Flu. I think this one should be called the Credit-Crunch Plague.
DavidScubadiver said:We had the Asian Flu. I think this one should be called the Credit-Crunch Plague.
"Credit Crunch" sounds like some sort of cereal to me.
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