Another lovely day in the stock market – Piggington's Econo-Almanac

This topic has 25 replies, 5 voices, and was last updated 15 years, 1 month ago by tucker….

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- February 5, 2008 at 1:05 PM #11716
  
  stockstradr
  Participant
  
  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.
- February 5, 2008 at 1:14 PM #148413
  
  davelj
  Participant
  
  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.
  - February 5, 2008 at 1:38 PM #148424
    
    blackbox
    Participant
    
    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!
    - February 5, 2008 at 3:11 PM #148498
      
      robson
      Participant
      
      Nice davelj. I was getting tired of the baby and cake analogy until I envisioned the market invisible hand giving the baby the finger.
    - February 5, 2008 at 4:15 PM #148533
      
      davelj
      Participant
      
      I’ve been known beat a dead horse from time to time.
    - February 5, 2008 at 4:15 PM #148785
      
      davelj
      Participant
      
      I’ve been known beat a dead horse from time to time.
    - February 5, 2008 at 4:15 PM #148803
      
      davelj
      Participant
      
      I’ve been known beat a dead horse from time to time.
    - February 5, 2008 at 4:15 PM #148815
      
      davelj
      Participant
      
      I’ve been known beat a dead horse from time to time.
    - February 5, 2008 at 4:15 PM #148887
      
      davelj
      Participant
      
      I’ve been known beat a dead horse from time to time.
    - February 5, 2008 at 3:11 PM #148750
      
      robson
      Participant
      
      Nice davelj. I was getting tired of the baby and cake analogy until I envisioned the market invisible hand giving the baby the finger.
    - February 5, 2008 at 3:11 PM #148768
      
      robson
      Participant
      
      Nice davelj. I was getting tired of the baby and cake analogy until I envisioned the market invisible hand giving the baby the finger.
    - February 5, 2008 at 3:11 PM #148780
      
      robson
      Participant
      
      Nice davelj. I was getting tired of the baby and cake analogy until I envisioned the market invisible hand giving the baby the finger.
    - February 5, 2008 at 3:11 PM #148852
      
      robson
      Participant
      
      Nice davelj. I was getting tired of the baby and cake analogy until I envisioned the market invisible hand giving the baby the finger.
  - February 5, 2008 at 1:38 PM #148677
    
    blackbox
    Participant
    
    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!
  - February 5, 2008 at 1:38 PM #148694
    
    blackbox
    Participant
    
    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!
  - February 5, 2008 at 1:38 PM #148706
    
    blackbox
    Participant
    
    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!
  - February 5, 2008 at 1:38 PM #148777
    
    blackbox
    Participant
    
    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!
- February 5, 2008 at 1:14 PM #148666
  
  davelj
  Participant
  
  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.
- February 5, 2008 at 1:14 PM #148684
  
  davelj
  Participant
  
  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.
- February 5, 2008 at 1:14 PM #148696
  
  davelj
  Participant
  
  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.
- February 5, 2008 at 1:14 PM #148767
  
  davelj
  Participant
  
  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.
- February 5, 2008 at 11:34 PM #148623
  
  tucker…
  Participant
  
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