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Post by brosin on Sept 22, 2011 16:43:10 GMT -5
For the amount of end of the world - type talk and sentiment, the market is STILL 9% higher than it was a year ago when it hit 1040.
Everyone needs to take a deep breath and relax a bit. There's a time to be selling and a time to be buying - panic anything never works out
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Post by brosin on Sept 22, 2011 16:45:48 GMT -5
Granted, I just opened up Finviz for the first time today... and WOW that is by far the most red I have ever seen it. Copper was down >8% today? Geez..
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Post by novice08 on Sept 22, 2011 16:45:55 GMT -5
I still think some of this is to get to a real QE3...maybe about this time next month.
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Post by jack on Sept 22, 2011 16:49:59 GMT -5
For the amount of end of the world - type talk and sentiment, the market is STILL 9% higher than it was a year ago when it hit 1040. Everyone needs to take a deep breath and relax a bit. There's a time to be selling and a time to be buying - panic anything never works out Tell that to Lloyd Bridges: |
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Post by maxi on Sept 22, 2011 16:50:21 GMT -5
For the amount of end of the world - type talk and sentiment, the market is STILL 9% higher than it was a year ago when it hit 1040. Everyone needs to take a deep breath and relax a bit. There's a time to be selling and a time to be buying - panic anything never works out Another way to interpret that is it could fall another 9%. |
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Post by tarzan on Sept 22, 2011 16:52:05 GMT -5
We'll get QE through cost savings, if nothing else. It'll be QE for "more" than just the banks. Yes a small bright spot and it can get extinguished in a heartbeat, but raising margin limits on oil works both ways. Maybe they had to beat out the Koch Bros and anybody else involved with sheer force.
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Post by PoorHomey on Sept 22, 2011 17:04:37 GMT -5
Tell that to Lloyd Bridges: Haven't used this one in awhile...  |
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Post by erxtrader on Sept 22, 2011 17:59:17 GMT -5
All right brosin, there has been a tiny bit of "good news" (something that biases the market in more positive direction).
Specifically, the news about EU banks' recapitalization. Let's see of the EU follows through with this.
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Post by rex on Sept 22, 2011 18:19:50 GMT -5
For the amount of end of the world - type talk and sentiment, the market is STILL 9% higher than it was a year ago when it hit 1040. Everyone needs to take a deep breath and relax a bit. There's a time to be selling and a time to be buying - panic anything never works out I have to agree with your sentiment right now Bros. If we we're going to take a complete dive, crap like what happened today with the erronious EU bank joke would not have moved the markets near as much. Further, we rallied a significant amount EOD. Finally, when the bear market really sets in, we're going to have a 700-800 point down day like back in '08 that in actuallity will be "the signal". We're close though, but i wouldn't be surprised to see a "dead cat bounce" to at least S&P 1166 to retest yesterdays close. BTW, that will take a day or two. JMHO |
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Post by PoorHomey on Sept 22, 2011 22:33:42 GMT -5
For the amount of end of the world - type talk and sentiment, the market is STILL 9% higher than it was a year ago when it hit 1040. Everyone needs to take a deep breath and relax a bit. There's a time to be selling and a time to be buying - panic anything never works out Technically, SPX closed lower today than it did 1 year ago. SPY actually closed @ $112.83 on 9/22/10, so not accounting for dividends if you purchased SPY 1 year ago today, you'd be up a whopping $0.03  SPX 9/22/10Open - 1,139.49 High - 1,144.38 Low - 1,131.38 Close - 1,134.28 SPX 9/22/11Open - 1,164.45 High - 1,164.45 Low - 1,114.22 Close - 1,129.56 While I for the most part agree with the idea of what you're saying, another way to consider this is: If you bought a bit over a year ago, you have an opportunity to SELL right now and get out with a 9% profit.There's a time to be selling and a time to be buying - the time for selling is before that 9% gain turns into a -5% loss, the time to be buying is hopefully when you can hold it for 10 days without wondering if it's going to drop -500 points again tomorrow  fwiw I don't think the world is ending, but do think there is a very real possibility that we can go much lower. |
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Post by brosin on Sept 22, 2011 23:23:07 GMT -5
Yes I was speaking kind of in generalities when I said a year ago ;D - 1040 was the mark at the end of August, so a year and 3 weeks ago
But point taken
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