Global Economy Bursting?

[Big ole Boy]

Melt downs

... I keep thinking that presious metals will decouple themselves from energy commodity algorythims ...... now that energy commodity is being affected by the realization that the world economy is contracting ......

.... metal commodity should break out ...... as organic demand for metals continues to rise ..


... O ... by the way .... isn't Bof A $5 just another "tax" ........? ......

 

[Couch Potato]

A summary of what took place in the last 30 minutes of Tuesday's stock trading...and why it has everyone scared who is in the market.

http://ca.news.yahoo.com/u-stocks-massive-melt-fans-investor-fears-201253607.html

Only the fools are scared, those who think "things are different now." The only thing different from the past is the increase in the number of morons seeking to manipulate the market and the idiots trying to guess what is going to happen rather than analyze the businesses the stocks represent. There is no need to fear owning stock in a good company.

 

[Workbox]

Only the fools are scared, those who think "things are different now." The only thing different from the past is the increase in the number of morons seeking to manipulate the market and the idiots trying to guess what is going to happen rather than analyze the businesses the stocks represent. There is no need to fear owning stock in a good company.

Riiiiiiiightt. Those are fundamentals and it does not work in the market where high frequency computers are running the show. The recent ups and downs are based on rumors. For example, how many times has the market gone up and down due to European rumors and no real commitment.

I will admit that on Tuesday I was charting IWM all day long because those are the speculators that bump money into the SPX companies. I got in at the very last 30 minutes because i saw the money coming and made a profit. I also notice that money started to come to the banks today and I knew something was up. Either they are getting them ready to run them and setting them up for some more news or political decision.

We could get a retraction tomorrow due to bad or weak job numbers and europe postponing another decision making. The markets went up these last past 3 day, but volume has been very weak. Very big divergence. Yet this market is running on rumors at this point. Good luck folks.

 

[Couch Potato]

Riiiiiiiightt. Those are fundamentals and it does not work in the market where high frequency computers are running the show. The recent ups and downs are based on rumors. For example, how many times has the market gone up and down due to European rumors and no real commitment.

I will admit that on Tuesday I was charting IWM all day long because those are the speculators that bump money into the SPX companies. I got in at the very last 30 minutes because i saw the money coming and made a profit. I also notice that money started to come to the banks today and I knew something was up. Either they are getting them ready to run them and setting them up for some more news or political decision.

We could get a retraction tomorrow due to bad or weak job numbers and europe postponing another decision making. The markets went up these last past 3 day, but volume has been very weak. Very big divergence. Yet this market is running on rumors at this point. Good luck folks.

Riiiiiiiightt. That is why Warren Buffet has gone broke using the strategy of buy and hold.

With a long-term strategy one does not care about the daily ups and downs caused by those addicted to gambling. Watching the ups and downs rather than analyzing the company is why years ago some fool sold me Apple stock for less than $20. Confidence in the business is why I did not sell when the daily ups and downs promptly dropped the market price 25% from what I paid rather I wished I had more to invest. That was more than a decade ago and I think the strategy has worked just fine. In the past few days the stock has lost more than 200% of my original investment. I couldn't care less because I still have the same opinion of the company as I did when I bought it. My plan is to let my daughter inherit the stock and collect the gain free of taxes.

Occasionally I sell a stock because I think the company is headed in the wrong direction, but my average hold time exceeds 10 years at this point. I have not sold any stock since 2006 when I adjusted my portfolio during my move out of Florida into North Carolina. I bought into two new ones in 2008 because I saw an opportunity. I don't get excited over paper gains or depressed over paper losses. I could still lose money on my Apple investment, but I think I would likely sell before it goes below 20 again due to concerns over the direction of the company (not because of the direction of the stock price.)

 

[DTB]

Riiiiiiiightt. That is why Warren Buffet has gone broke using the strategy of buy and hold.

With a long-term strategy one does not care about the daily ups and downs caused by those addicted to gambling. Watching the ups and downs rather than analyzing the company is why years ago some fool sold me Apple stock for less than $20. Confidence in the business is why I did not sell when the daily ups and downs promptly dropped the market price 25% from what I paid rather I wished I had more to invest. That was more than a decade ago and I think the strategy has worked just fine. In the past few days the stock has lost more than 200% of my original investment. I couldn't care less because I still have the same opinion of the company as I did when I bought it. My plan is to let my daughter inherit the stock and collect the gain free of taxes.

Occasionally I sell a stock because I think the company is headed in the wrong direction, but my average hold time exceeds 10 years at this point. I have not sold any stock since 2006 when I adjusted my portfolio during my move out of Florida into North Carolina. I bought into two new ones in 2008 because I saw an opportunity. I don't get excited over paper gains or depressed over paper losses. I could still lose money on my Apple investment, but I think I would likely sell before it goes below 20 again due to concerns over the direction of the company (not because of the direction of the stock price.)

Significantly more money is made on market undulations than buy-hold. One must use a strategy that suits their knowledge level, personality and time constraints. Different strokes for different folks. (in honor of the newly homeless Sylvester Stewart III :laugh

 

[Workbox]

Significantly more money is made on market undulations than buy-hold. One must use a strategy that suits their knowledge level, personality and time constraints. Different strokes for different folks. (in honor of the newly homeless Sylvester Stewart III :laugh

Yes, different strokes for different folks and I should respect that. With that stated, with respect to CP, many blessings for taking care of your family.

Latest update on today. We can still have a reversal, but due to supposed good job earnings, they could hold to this head-fake rally till Monday or Tuesday due to upcoming earnings, then sell into it. The insiders always have the news before the public does.

But if IWM keeps taking out the lower lows on the 15 minute charts as it is right now and then take out yesterdays intradays low, then we could go lower to take profits on the run up of the S&P. Yet, we could stall till earnings next week, then they will pull back for profit taking. Volume is still very low today on all indices. Yet again, its all based on rumor and anything can change, but I will be aware during the day if I see any significant ups or downs.

Hey DTB what do you see?

 

[Workbox]

GREAT EXAMPLE!

At 11:00 am eastern time IWM had a significant drop buy viewing my 15 minute chart. I figured something came out. Well over 30 minutes later here is what we get and shows how slow the news is to let the public know. The charts let you know ahead of time, how this will play out during the day? I can tell the market makers are still trying to hold this market. We should have dropped significantly today. But the day is still not over.

Most U.S. Stocks Retreat After 3-Day Rally
http://www.bloomberg.com/news/2011-...res-retreat-illumina-oracle-shares-slide.html

Financial stocks pressured by Volcker rule
http://www.marketwatch.com/story/e-...al-sector-2011-10-07?link=MW_home_latest_news

 

[Couch Potato]

Significantly more money is made on market undulations than buy-hold. One must use a strategy that suits their knowledge level, personality and time constraints. Different strokes for different folks. (in honor of the newly homeless Sylvester Stewart III :laugh

I certainly agree significantly more money can be made, but significantly more money can also be lost. It is not hard to find someone who made big bucks day trading for several years only to lose it all in six months. It is much tougher to find one who never had a costly losing streak over a ten year span.

The best professional traders learned long ago it is better to earn money managing a fund of other peoples money than investing your own. It is much the same making money in a casino. You might win for a while as a player, but the real money is in owning the place where others play. Just as playing in a casino can be fun, short-term trading of stocks can be fun as long as you can afford to lose it all.

 

[Austin]

When you get my age the first thing I do every morning is read the obituaries to see if I recongize anyone. About a year ago a story came out in the paper about a local man who just died. He was just an ordinary guy who was a land surveyor. Difference was he left an estate of 50 million Dollars and donated it for scholarships for deserving students. I asked how this man who lived a typical middle class life got that kind of estate and I was told that he made it playing the stock market.

 

[Couch Potato]

When you get my age the first thing I do every morning is read the obituaries to see if I recongize anyone. About a year ago a story came out in the paper about a local man who just died. He was just an ordinary guy who was a land surveyor. Difference was he left an estate of 50 million Dollars and donated it for scholarships for deserving students. I asked how this man who lived a typical middle class life got that kind of estate and I was told that he made it playing the stock market.

Suppose you became a residential appraiser at age 18 and you invested the fee from one appraisal every month into savings were you average a 12% return until the age of 80. Now stick that in your HP12c and you will see how to die with $50,000,000.

Spending less than you earn over a long period of time will always make you wealthy.