Another lovely day in the stock market

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Submitted by stockstradr on February 5, 2008 - 2:05pm

wow, down over 3% today, and no sign that free-fall shows any resistance to further fall

Yes, I'm positioned on the down side of this market, but I regret I didn't buy puts earlier this week when I had the strong instinct that 1400 was the top of the Fool's Rally. And I didn't go all short, only about 1/3 of my portfolio in SDS. My gold positions are getting hammered (should have sold at $930)

This is just a guess, but I think we are on a new downtrend for overall stock markets, and this -3% is just the start. That's why I took more short positions this morning after the market was already down 2%

If you're long, realize that 1400 on the S&P 500 may have been your last chance to dump your longs before the long nasty bear market resumes as it has.

‹ Precious Metals lighter than paper money? CDO Warning label ›
Wall Street to Ben
Submitted by davelj on February 5, 2008 - 2:14pm.

Wall Street to Ben Bernanke:

"WHAAAAAAA!! WHAAAAAA!! BABY NEED MORE CANDY AND CAKE!! BABY ATE PREVIOUS CANDY AND CAKE AND STILL HUNGRYYYYYYYYYY!! CANDY AND CAKE NOT FILLING UP BABY!! HURRYYYYYYY!! BABY NO LIKEY FREE MARKET INVISIBLE HAND WHEN IT GIVE BABY THE FINGER!! WHAAAAAAAAAA!!"

I think that about sums it up.

I hope the stockmarket stays
Submitted by blackbox on February 5, 2008 - 2:38pm.

I hope the stockmarket stays flat or goes down for the next 10 years. Dollar Cost Average baby. Why would I buy at the top thru my 401K? Stay low, low, and low, and I will buy, buy, and buy! I hate to max in my 401K when the market is hitting new highs. I need new lows for the next decade or so, and then a couple of bull markets after that would be good to cash out.Why is everyone so concern. I'd dollar cost average into the hardest hit sectors right about now. Not gold at this point. That is just chasing new highs. That kinda investing is for the birds. I have 60% of my non-retirement funds in cash so I may start nibbling on stocks as the implosion continues. Every 2 to 3 % down market is a beautiful thing!

Nice davelj. I was getting
Submitted by robson on February 5, 2008 - 4:11pm.

Nice davelj. I was getting tired of the baby and cake analogy until I envisioned the market invisible hand giving the baby the finger.

I've been known beat a dead
Submitted by davelj on February 5, 2008 - 5:15pm.

I've been known beat a dead horse from time to time.

Asia/Pacific Europe Africa/Mi
Submitted by tucker... on February 6, 2008 - 12:34am.

Asia/Pacific

  • Europe
  • Africa/Middle East

    • went from bad to, really bad.

    example Hang Seng down 5.40 %

    http://finance.yahoo.com/intlindices?e=asia