Informal Stock Market Poll

[peterb]

This is all delaying tactics and trying to make sure people dont go postal over all this. Just think if they didnt do anything at all??!
But I think the Fed is figuring out that the market cant really be denied. It will take massive intervention from Congress to stop the carnage, and even then I think it will result in the US$ getting slaughtered. But who knows.

Oh, buying when it’s low and selling when it’s going up is not “buying and holding”, unless you’re talking about trading in a cycle.

[Coronita]

I don’t know. I’m sort finding this chaos entertaining. I mean, i guess it’s the gambling side of me, but it’s kinda fun betting on bailouts and see which way it turns out, more entertaining that betting on horses.

Ante up anyone??? 🙂

09/16/2008 Buy 3000.0000 AIG AMERICAN INTL GROUP INC [Details] $1.54000

Thank you U.S. Federal Government.
http://biz.yahoo.com/ap/080916/aig.html

Of course, I really have no fvcking clue what I’m doing, and the story wouldn’t be complete without telling you that I was on the wrong side of this one:

09/10/2008 Buy 500.000 LEH LEHMAN BROS HOLDING INC [Details] $8.42300

and didn’t get out completely at $9 and something.

Oh fvcking well, double or nothing

09/16/2008 Buy 500.0000 LEH LEHMAN BROS HOLDING INC [Details] $0.21790

09/16/2008 Buy 1000.0000 GE GENERAL ELECTRIC COMPANY [Details] $23.12800

09/16/2008 Buy 500.0000 AXP AMERICAN EXPRESS COMPANY [Details] $34.44800

09/15/2008 Buy 500.0000 MER MERRILL LYNCH & CO INC [Details] $19.24800

Bring on the naked short sale restrictions and 50 basis point cut, U.S. Fed Gov. Since we’re in such a bailout mood. Bail me out 🙂

Note: this is either going to end well for me or go really badly, lol….Weeeeeeeeeeeeeeee….

My logic…Do everything that my engineering discipline has taught me about being completely rationale and based on facts and data…Then completely throw that out the window and do the complete opposite of what I normally would do as a sane person.

[Coronita]

I don’t know. I’m sort finding this chaos entertaining. I mean, i guess it’s the gambling side of me, but it’s kinda fun betting on bailouts and see which way it turns out, more entertaining that betting on horses.

Ante up anyone??? 🙂

09/16/2008 Buy 3000.0000 AIG AMERICAN INTL GROUP INC [Details] $1.54000

Thank you U.S. Federal Government.
http://biz.yahoo.com/ap/080916/aig.html

Of course, I really have no fvcking clue what I’m doing, and the story wouldn’t be complete without telling you that I was on the wrong side of this one:

09/10/2008 Buy 500.000 LEH LEHMAN BROS HOLDING INC [Details] $8.42300

and didn’t get out completely at $9 and something.

Oh fvcking well, double or nothing

09/16/2008 Buy 500.0000 LEH LEHMAN BROS HOLDING INC [Details] $0.21790

09/16/2008 Buy 1000.0000 GE GENERAL ELECTRIC COMPANY [Details] $23.12800

09/16/2008 Buy 500.0000 AXP AMERICAN EXPRESS COMPANY [Details] $34.44800

09/15/2008 Buy 500.0000 MER MERRILL LYNCH & CO INC [Details] $19.24800

Bring on the naked short sale restrictions and 50 basis point cut, U.S. Fed Gov. Since we’re in such a bailout mood. Bail me out 🙂

Note: this is either going to end well for me or go really badly, lol….Weeeeeeeeeeeeeeee….

My logic…Do everything that my engineering discipline has taught me about being completely rationale and based on facts and data…Then completely throw that out the window and do the complete opposite of what I normally would do as a sane person.

[Coronita]

I don’t know. I’m sort finding this chaos entertaining. I mean, i guess it’s the gambling side of me, but it’s kinda fun betting on bailouts and see which way it turns out, more entertaining that betting on horses.

Ante up anyone??? 🙂

09/16/2008 Buy 3000.0000 AIG AMERICAN INTL GROUP INC [Details] $1.54000

Thank you U.S. Federal Government.
http://biz.yahoo.com/ap/080916/aig.html

Of course, I really have no fvcking clue what I’m doing, and the story wouldn’t be complete without telling you that I was on the wrong side of this one:

09/10/2008 Buy 500.000 LEH LEHMAN BROS HOLDING INC [Details] $8.42300

and didn’t get out completely at $9 and something.

Oh fvcking well, double or nothing

09/16/2008 Buy 500.0000 LEH LEHMAN BROS HOLDING INC [Details] $0.21790

09/16/2008 Buy 1000.0000 GE GENERAL ELECTRIC COMPANY [Details] $23.12800

09/16/2008 Buy 500.0000 AXP AMERICAN EXPRESS COMPANY [Details] $34.44800

09/15/2008 Buy 500.0000 MER MERRILL LYNCH & CO INC [Details] $19.24800

Bring on the naked short sale restrictions and 50 basis point cut, U.S. Fed Gov. Since we’re in such a bailout mood. Bail me out 🙂

Note: this is either going to end well for me or go really badly, lol….Weeeeeeeeeeeeeeee….

My logic…Do everything that my engineering discipline has taught me about being completely rationale and based on facts and data…Then completely throw that out the window and do the complete opposite of what I normally would do as a sane person.

[Coronita]

I don’t know. I’m sort finding this chaos entertaining. I mean, i guess it’s the gambling side of me, but it’s kinda fun betting on bailouts and see which way it turns out, more entertaining that betting on horses.

Ante up anyone??? 🙂

09/16/2008 Buy 3000.0000 AIG AMERICAN INTL GROUP INC [Details] $1.54000

Thank you U.S. Federal Government.
http://biz.yahoo.com/ap/080916/aig.html

Of course, I really have no fvcking clue what I’m doing, and the story wouldn’t be complete without telling you that I was on the wrong side of this one:

09/10/2008 Buy 500.000 LEH LEHMAN BROS HOLDING INC [Details] $8.42300

and didn’t get out completely at $9 and something.

Oh fvcking well, double or nothing

09/16/2008 Buy 500.0000 LEH LEHMAN BROS HOLDING INC [Details] $0.21790

09/16/2008 Buy 1000.0000 GE GENERAL ELECTRIC COMPANY [Details] $23.12800

09/16/2008 Buy 500.0000 AXP AMERICAN EXPRESS COMPANY [Details] $34.44800

09/15/2008 Buy 500.0000 MER MERRILL LYNCH & CO INC [Details] $19.24800

Bring on the naked short sale restrictions and 50 basis point cut, U.S. Fed Gov. Since we’re in such a bailout mood. Bail me out 🙂

Note: this is either going to end well for me or go really badly, lol….Weeeeeeeeeeeeeeee….

My logic…Do everything that my engineering discipline has taught me about being completely rationale and based on facts and data…Then completely throw that out the window and do the complete opposite of what I normally would do as a sane person.

[Coronita]

I don’t know. I’m sort finding this chaos entertaining. I mean, i guess it’s the gambling side of me, but it’s kinda fun betting on bailouts and see which way it turns out, more entertaining that betting on horses.

Ante up anyone??? 🙂

09/16/2008 Buy 3000.0000 AIG AMERICAN INTL GROUP INC [Details] $1.54000

Thank you U.S. Federal Government.
http://biz.yahoo.com/ap/080916/aig.html

Of course, I really have no fvcking clue what I’m doing, and the story wouldn’t be complete without telling you that I was on the wrong side of this one:

09/10/2008 Buy 500.000 LEH LEHMAN BROS HOLDING INC [Details] $8.42300

and didn’t get out completely at $9 and something.

Oh fvcking well, double or nothing

09/16/2008 Buy 500.0000 LEH LEHMAN BROS HOLDING INC [Details] $0.21790

09/16/2008 Buy 1000.0000 GE GENERAL ELECTRIC COMPANY [Details] $23.12800

09/16/2008 Buy 500.0000 AXP AMERICAN EXPRESS COMPANY [Details] $34.44800

09/15/2008 Buy 500.0000 MER MERRILL LYNCH & CO INC [Details] $19.24800

Bring on the naked short sale restrictions and 50 basis point cut, U.S. Fed Gov. Since we’re in such a bailout mood. Bail me out 🙂

Note: this is either going to end well for me or go really badly, lol….Weeeeeeeeeeeeeeee….

My logic…Do everything that my engineering discipline has taught me about being completely rationale and based on facts and data…Then completely throw that out the window and do the complete opposite of what I normally would do as a sane person.

[davelj]

If by some miracle we manage to close down 4%-5% today on the major equity indices I will describe it with one word: Progress.

[davelj]

If by some miracle we manage to close down 4%-5% today on the major equity indices I will describe it with one word: Progress.

[davelj]

If by some miracle we manage to close down 4%-5% today on the major equity indices I will describe it with one word: Progress.

[davelj]

If by some miracle we manage to close down 4%-5% today on the major equity indices I will describe it with one word: Progress.

[davelj]

If by some miracle we manage to close down 4%-5% today on the major equity indices I will describe it with one word: Progress.

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[Author]

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