I agree LR - there are some real bargains on some excellent companies right now.
Investors....come in please!
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Where is the bottom LR?
I picked up some shares today near the lows.
I picked up some shares today near the lows.
I'd rather wait to buy even if I miss the bottom.
GM - you are a genius. But I'm impatient.
I'm still waiting.
Pablo, we are very near the bottom, on a short-term basis. Odd-lot sells are at a high, and investment advisor sentiment is at a low, put them both together and you get RALLY.
Bernake (sp?) is moving the market right now, with his ill-timed and unthought out remarks. I think he'll choose his words more carefully tomorrow, and the market will rebound.
I too bought a stock today, and I lost money on it today, and I'm running out of PeptoBismol......
Bernake (sp?) is moving the market right now, with his ill-timed and unthought out remarks. I think he'll choose his words more carefully tomorrow, and the market will rebound.
I too bought a stock today, and I lost money on it today, and I'm running out of PeptoBismol......
I'm just nibbling.....this market is a volatile hungry bear. Even the slightest uptick results in aggressive selling. Can sit tight and just list my favorites.
I'm down ~6% since mid May. Cash is leaving the market in a flood. I'm sitting on my wallet...
Pablo, I'm not even smarter than the average bear. Yogi is.
Man, this is going to be a nasty day (at least for bonds):
http://www.bls.gov/news.release/cpi.nr0.htm
Inflation = 5.7% annualized. Pretty scary stuff, Bernanke and crew easily have another 2% to tack onto the fed funds rate with these numbers.
I wasn't alive in the 1970s, but from what I've read, the last time inflation was this out-of-control, it took Paul Volker raising rates well into the double digits to calm things.
http://www.bls.gov/news.release/cpi.nr0.htm
Inflation = 5.7% annualized. Pretty scary stuff, Bernanke and crew easily have another 2% to tack onto the fed funds rate with these numbers.
I wasn't alive in the 1970s, but from what I've read, the last time inflation was this out-of-control, it took Paul Volker raising rates well into the double digits to calm things.
I think the prime rate was about 20% in the early eighties.
Mortgages about 14%
Mortgages about 14%
In 1982 I assumed a 26 year mortgage at 13.5% with 3 points up front. With one point it would have been 16.5%.
Eventually I did a refi @ 10.25% and still later @ 8%. Finally paid it off 1n 1995.
So it didn't turn out to be a nasty day. What on earth is going on? Why are US bondholders accepting 5% (and a lot of currency risk), when inflation clearly is running 5.7%? Investing for negative real returns, wow, is that ever smart
Most other currencies have even lower interest rates.
The true inflation rate on money is not 5.7%. That's a bit wild in the extrapolation.
Closer to 4%.
Anyway I lost my arze in the international world the last few weeks.
Closer to 4%.
Anyway I lost my arze in the international world the last few weeks.
Nice little two day rally we've got going; too early to say whether it'll last or not. Might be a dead-cat bounce (with apologies to PETA).
Sold NAT this morning for a tidy profit.
I sold IRIX on yesterday's bounce. Did fine.
Nice to see the NASDAQ carry through today. I tend to think the market way oversold and was glad to take some positions late last week and earler this week. They are up nicely.
We shall see.
Nice to see the NASDAQ carry through today. I tend to think the market way oversold and was glad to take some positions late last week and earler this week. They are up nicely.
We shall see.
I'm leaning towards TheLoneRanger's position. Not time to bring Silver out of the stable yet. Tomorrow may enlighten.
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