Investors....come in please!

[TheLoneRanger]

The guy states that the economy isn't slowing, but everything I've read and heard says it's beginning to. Morgan Stanley says the S&P growth will slow to about 5% next year vs about 11% this year.

We may not go into a recession, but a slowdown in earnings will put the brakes on stocks.....

 

[Pablo]

Traded TMA in and out.

Yes GE up 1.5%

What's up with IFON?

Once again - up AM and profit taking as the day wears on.

 

[Oldmoparguy1]

Market looks like a calm before a big storm. A little puffy wind this way and that then calm. Smells like a bear.

 

[Pablo]

Smells like a bear passing a puffy umi wind.

Just give me my interest and dividends at this point with a little quicky on the side. It's about all I can do.

It irks me as soon as I get ready for a dollar dive, the dollar goes up! Are THEY watching me?

 

[GROUCHO MARX]

I've just looked at a 3 year chart of GE. Seat of my pants TA tells me there's not much downside and potential for 8-9 percent remainder of the year.

If I remember, I'll add more. The cranium is ready to quit, so it may not happen.

"Put all your eggs in one basket. Then watch that basket."

-Mark Twain

 

[Oldmoparguy1]

GE getting a nice little bump this morning.

 

[jmacmaster]

quote:

---

Originally posted by TheLoneRanger:
Morgan Stanley says the S&P growth will slow to about 5% next year vs about 11% this year.

---

No way that the S&P growth will be 11% this year. Morgan Stanley is living in a dream world!

By the way, I just put $38,000 in the Vanguard
Mid-Cap Index fund. Bought it at $17.66 a share.

 

[Pablo]

jmac - what is the symbol for that one? VMCIX? VIMSX? VIMAX?

 

[TheLoneRanger]

Groucho, I'm with you on GE. It's a good one to hold for awhile; yield is about 3%.

GE had high volatility yesterday. That's usually a signal of future movement, either up or down. Since GE's at a low point, I'm betting it'll go up.

My Metastock program showed a buy on GE yesterday.

Also showed a buy on Corning (GLW).

 

[Pablo]

I too bought the GE koolaid.

I wish I still held TMA. Idiot.

 

[Oldmoparguy1]

I dumped a couple of losers friday and bought TMA at 22.75. So far so good.....

 

[Pablo]

Yeah I'll say - it's just coming up on being up a buck, chuck.

 

[Pablo]

So - no one make money yesterday?

We called that. Yeah right. I did fine, but my defensive positions helped nothing.....

 

[TheLoneRanger]

Defensive is good in this environment, Pablo. I've been nibbling on broken-down blue chips, trying to squeeze a dollar out of them while collecting the dividend. (GE and IBM)

I still think we're looking at a sideways to down market for the next few months. Bear markets last on average 9 months, so IF this is one, we're already 1/3 of the way through it. (Trouble is, it's never recognized until it's over).

 

[jmacmaster]

Early this summer I did a lot of research on mutual funds. I had a lot of $ in a savings account and wanted to transfer it to a mutual fund operated by a company that's been around for a while and has a good reputation, with a relatively low risk level, a relatively high return on investment, a good average rate of return over the past 5-10 years, and low cost charges. I finally chose the Vanguard Mid-Cap Index Fund and opened an account this past Monday and put $38,000 in it. I've been watching the daily share quote and bought it at about the lowest price that its been over the past 3 weeks.

 

[Pablo]

jmac - what is the symbol for that one? VMCIX? VIMSX?

(way to go!)

I think it's better what you did verses cost averaging into the market. And you were up yesterday!!!

 

[Pablo]

GE good Kool Aid tasting be.

 

[jmacmaster]

Pablo:

Here's a link to the fund's website. The symbol follows the fund name. Its VIMSX.

http://flagship4.vanguard.com/VGApp/hnw/FundsSnapshot?FundId=0859&FundIntExt=INT

 

[Pablo]

Thanks.

I always enjoy looking at the holdings:

http://flagship4.vanguard.com/VGApp/hnw/FundsHoldings?FundId=0859&FundIntExt=INT

 

[Oldmoparguy1]

Another good day. Up ~1%. Finally an up day for my energy stocks. Been a long dry spell.