Home › Forums › Financial Markets/Economics › Dow 16,000 here we come…
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Coronita.
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November 15, 2013 at 11:10 AM #20841November 15, 2013 at 11:35 AM #767966
The-Shoveler
ParticipantI can’t tell if china became us or we became them,
” state run capitalism”
seems to me we have been a “state run capitalism” for at least 25 years, but maybe it’s just me.
Were just a little be better at not making it look obvious.
November 15, 2013 at 11:36 AM #767964spdrun
ParticipantExcept that she still only has one vote and the rotation of voting members on the Board of Governors is actually making it more conservative next year. Any effect of the Berkeley Bat will be balanced by this fact.
Also, we saw Dow 15725 when Summers resigned from consideration in Sept, and now we’re seeing barely 200 points higher in two months with us sitting in the low 15k’s for much of that period.
Also, interest rates are creeeeeeping back up despite the crazy old bat’s squeaking — we’re at 4.38% this week, I believe. Here’s hoping that the Fedheads lose control and we see 5.5% by next year. Housing market in NJ and NY suburbs has stalled out nicely this fall *phut* — here’s hoping that rising rates will have even more effect here.
November 15, 2013 at 11:42 AM #767967ParticipantFortunately, even state run economies collapse eventually, and create tremendous opportunities (“Lord of War” is a great fictional account of this.)
November 15, 2013 at 11:59 AM #767971ParticipantThey will only let it crash when they figure they have enough of a safety net in local state coffers.
need to be able to fund pensions, basic services and police or Chaos will take over.
Anyway IMO.November 15, 2013 at 12:09 PM #767973CoronitaParticipantLol.. Time to sell FNMA at $3.38..
Too bad I only bought 1000 shares at $1.95.. That would have been fun…
November 15, 2013 at 12:09 PM #767972ParticipantCrashing is seldom planned. Who knows what the gentle nudge will be this time. Maybe a war in the Middle East causing an oil shock (Iranian talks just broke down). Maybe a Katrina-type event hitting the right part of the US, causing an oil shock. Maybe QEx simply becoming old news, causing interest rates to rise (aka Fedheads losing control). Maybe an economic crisis elsewhere like China. In any case, it will be extremely fucking amusing to watch when it happens.
November 15, 2013 at 12:12 PM #767974ParticipantYou didn’t buy any AAMRQ when it was below $3 in August? Up to $12 yesterday. How about SPWR that was at $5 a year ago and is now at $33? Piker.
November 15, 2013 at 12:17 PM #767975CoronitaParticipant[quote=spdrun]You didn’t buy any AAMRQ when it was below $3 in August? Fucking idiot.[/quote]
Nope… I don’t claim to be smart in the stock market. I just like keep part of it in my index funds.
I do better in my active trading account in a bear market. In a bull market, my index funds absolutely slaughters my returns on my active trading account.
To be honest, I’m doing damage control right now to make sure before the year end my return on my active trading account is as close to the indexes as possible…
You do like to use “fucking idiot” a lot. You must either be Warren Buffet or just a New Yorker 🙂 But it is entertaining…
November 15, 2013 at 12:24 PM #767976ParticipantMy strategy is to wait for a stock to fall on temporary bad news, see the lemmings (or their software) stampede for the door, buy and wait for them to realize that the news really isn’t that bad.
Product defects where past products have been decent, delays in funding, fiery accidents (in the case of TSLA HAHA, burn, baby, burn!), natural disasters involving companies with local markets are all GREAT to trade on!
November 15, 2013 at 12:24 PM #767977CoronitaParticipant[quote=spdrun]My strategy is to wait for a stock to fall on temporary bad news, see the fucking lemmings (or their software) stampede for the door, buy and wait for them to realize that the news really isn’t that bad.
Product defects where past products have been decent, delays in funding, fiery accidents (in the case of TSLA HAHA!), natural disasters involving companies with local markets are all GREAT to trade on![/quote]
Good luck then!
November 15, 2013 at 12:49 PM #767980ParticipantNo different than trading on a bear market, except that the bearishness is local.
November 18, 2013 at 1:11 PM #768114afx114
ParticipantThis is the worst socialist president ever.
November 18, 2013 at 2:25 PM #768116ParticipantMore like a Wall Street pimp.
This being said — end game today. Dow +15, NASDAQ -36, everything else negative. Flu’s beloved FB down to 45…
November 21, 2013 at 10:53 AM #768265CoronitaParticipant[quote=spdrun]More like a Wall Street pimp.
This being said — end game today. Dow +15, NASDAQ -36, everything else negative. Flu’s beloved FB down to 45…[/quote]
Don’t try to predict this crazy market….I’ve given up…
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