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November 20, 2008
Faulty information and Lies...
"Smart people buy as prices come down.
Posted by: daveinbedstuy at November 19, 2008 10:22 AM"
If you brought anything with this piece of information you would have been hosed.
g
DJIA* 7997.28 -427.47 -5.07
Nasdaq* 1386.42 -96.85 -6.53
S&P 500* 806.58 -52.54 -6.12
DJ Wilshire 5000* 8014.25 -550.79 -6.43
Russell 2000* 412.38 -35.13 -7.85
Global Dow 1309.46 -32.96 -2.46
Japan: Nikkei Average* 7703.04 -570.18 -6.89
DJ Stoxx 50 1978.23 -54.06 -2.66
Also..
Pros Say: Market DID Bottom in October
http://tinyurl.com/5aw48g
"Jeffrey Saut of Raymond James said he's convinced that Oct. 10 was the market's capitulation low, and there've been sufficient tests of that low to meet criteria for "a fairly decent rally." "
If you went out and brought stock at that point, you are down 25%-35%.
Something to think about
Comments
OK, OK. I admit. I was wrong. BUY HIGH, SELL LOW is much better.
Posted by: daveinbedstuy at November 20, 2008 8:52 AM
Yes, if you were planning to hold for a day, first thing yesterday morning would have been a bad time to buy. For those of us investing for retirement, would you agree to post back on how DIBS's advise fared as of, say, 11/19/28? Seems to me that's the relevant way to look at it. I look forward to hearing from you then.
Posted by: slopefarm at November 20, 2008 9:45 AM
The What, with all due respect, I think we can only conclude you are a fool for the following reason.
With all your wisdom, and given you're certainty that you were the only one who saw the current economic events coming, you must have either:
1) Made literally billions in your investment decisions over the past year or so. If this is the case, why would you be wasting your time here and not sailing around the world or splitting your time between your castle in Scotland, your villa in Italy and your beach house in Hawaii.
2) Not believed in and/or listened to anything you said and made no $$$s since last year.
Which is it?
Posted by: Biff Champion at November 20, 2008 9:59 AM
"Yes, if you were planning to hold for a day, first thing yesterday morning would have been a bad time to buy. For those of us investing for retirement, would you agree to post back on how DIBS's advise fared as of, say, 11/19/28? Seems to me that's the relevant way to look at it. I look forward to hearing from you then. "
Like this long term strategy play for profit and growth.
Goldman Falls Below IPO Price, Erasing Almost 10 Years of Gains
http://www.bloomberg.com/apps/news?pid=20601087&sid=arGAFnER7RVE&refer=home
"Nov. 20 (Bloomberg) -- Goldman Sachs Group Inc. dropped below $53 for the first time since it went public almost a decade ago as the earnings outlook dims for a company that last year set a record for Wall Street earnings."
Last year GS set records in profit and now looking to take a dirt nap?
The What (Real Estate goes up, right?)
Someday this war is gonna end..
BTW RIP Citibank...
Posted by: Return of The What at November 20, 2008 10:16 AM
Oops, What, you must have missed my post. I know how much you hate when people ignore your questions.
The What, with all due respect, I think we can only conclude you are a fool for the following reason.
With all your wisdom, and given you're certainty that you were the only one who saw the current economic events coming, you must have either:
1) Made literally billions in your investment decisions over the past year or so. If this is the case, why would you be wasting your time here and not sailing around the world or splitting your time between your castle in Scotland, your villa in Italy and your beach house in Hawaii.
2) Not believed in and/or listened to anything you said and made no $$$s since last year.
Which is it?
Posted by: Biff Champion at November 20, 2008 10:19 AM
What, your 10:16 post is irrelevant. If, as a private citizen, you buy stocks in a down market, hold them for 20 years, don't make yourself a publicly traded corporation or issue your own stock and don't invest in poorly vetted mortgage-backed securities, why on earth would you expect to suffer Goldman's fate?
Don't know why I let myself get sucked into this.
Posted by: slopefarm at November 20, 2008 10:25 AM
Thank you for coming home
I'm sorry that the chairs are all worn
I left them here I could have sworn
These are my salad days
Slowly being eaten away
Just another play for today
Oh but I'm proud of you,but I'm proud of you
There's nothing left to make me feel small
Luck has left me standing so tall
Gold
Always believe in your soul
You've got the power to know
You're indestructable
Always believe in,because you are
Gold
Glad that you're bound to return
There's something I could have learned
You're indestructable,always believe in
After the rush has gone
I hope you find a little more time
Remember we were partners in crime
It's only two years ago
The man with the suit and the pace
You know that he was there on the case
Now he's in love with you,he's in love with you
Love is like a high prison wall
But you could leave me standing so tall
Gold
Always believe in your soul
You've got the power to know
You're indestructible
Always believe in,because you are
Gold
Glad that you're bound to return
There's something I could have learned
You're indestructible,always believe in
For love is like a high prison wall
And you could leave me standing so tall
Gold
Always believe in your soul
You've got the power to know
You're indestructable
Always believe in, because you are
Gold
Glad that you're bound to return
There's something I could've learned
You're indestructable
Always believe in
Posted by: SnarkSlope at November 20, 2008 12:55 PM
The scariest part is they are printing and printing like crazy. And still the market is not looking great. Any true bottom would only form after a 2-6 month upward movement in the market. Followed by a retest of the lows and upward movement from there. But we have yet to get that so I still see downward movement. The fed will wind up printing until they can reinflate. This will cuz a decrease in value of our dollars. You see it already with the tarp, or with the fed actually exchanging dollars for securities or with the tax laws put into place for companies like Wells to buy Wachovia. The thing is we have a shortage of credit which is lowering the money supply. Therefor the fed will keep doing what they can to get our market stabalized. The rest of the world will have to deal with it because if we go down they all do to. The surest way for this market to go up is letting it go down to the bottom sooner than later. Take the pain and let me make some money... As for the fed printing yes they are, anytime the fed takes useless collateral for actual dollars than they are printing, the fed is also buying up our 10 yr bond to get the rate lowered to help bring down our mortgage rates..
Posted by: HOBOKENROCKS at November 20, 2008 2:40 PM
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