I keep hearing that everyone is looking for a "meaningfull bottom". Did we hit that last week?
Investors....come in please!
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Originally Posted By: Pablo
Days like this are reasons not to bounce in and out of the market. I told people not sell last week, but they did anyway....now they are asking me what to do!
Well sorry, I'm plum dry.
One of my Dad's good buddies works for TIAA Cref. All he did last week was take calls of people wanting to get all out, and he couldn't persuade hardly anyone to stay in.
Days like this are reasons not to bounce in and out of the market. I told people not sell last week, but they did anyway....now they are asking me what to do!
Well sorry, I'm plum dry.
One of my Dad's good buddies works for TIAA Cref. All he did last week was take calls of people wanting to get all out, and he couldn't persuade hardly anyone to stay in.
Great. Some "expert" says today is nothing more than a huge short covering rally. But for a part of the sell off, shorting wasn't allowed???
For what its worth I was on the "expert" side of the desk for nine years and it is days like this that the after work cocktail comes with quite a different attitude than the ones that were had by those last week.
From what I gather most feel as though we are in a bottoming process and that this will take a few months to sort out. Credit markets, employment,democrats ( ooh sorry no politics) I mean the elections all will take time to rebuild a fractured economy.
Exactly when the EXACT bottom is is not really relevant at this point. The bigger picture is in say... 5 years are we closer to the bottom or the top right now.
It is like the guy that comes in and wants to buy abc stock at 25. But, currently it is at 27. If you feel as if it will go to 50 in 3 or 5 years, do you really care if you got it at 25 or 27. If you wait for it to drop to 25 you risk never owning it.
From what I gather most feel as though we are in a bottoming process and that this will take a few months to sort out. Credit markets, employment,democrats ( ooh sorry no politics) I mean the elections all will take time to rebuild a fractured economy.
Exactly when the EXACT bottom is is not really relevant at this point. The bigger picture is in say... 5 years are we closer to the bottom or the top right now.
It is like the guy that comes in and wants to buy abc stock at 25. But, currently it is at 27. If you feel as if it will go to 50 in 3 or 5 years, do you really care if you got it at 25 or 27. If you wait for it to drop to 25 you risk never owning it.
Originally Posted By: salesrep
Exactly when the EXACT bottom is not really relevant at this point.
The market reached the bottom ... and started to dig.
(Humor on Russian stock market that is still dropping)
Exactly when the EXACT bottom is not really relevant at this point.
The market reached the bottom ... and started to dig.
(Humor on Russian stock market that is still dropping)
Well we have spent about 2 trillion for a one day pop in the market. Propping up the markets is getting expensiver and expensiver.
Originally Posted By: Primus
Originally Posted By: salesrep
Exactly when the EXACT bottom is not really relevant at this point.
The market reached the bottom ... and started to dig.
(Humor on Russian stock market that is still dropping)
Well, that is funny.
Originally Posted By: salesrep
Exactly when the EXACT bottom is not really relevant at this point.
The market reached the bottom ... and started to dig.
(Humor on Russian stock market that is still dropping)
Well, that is funny.
Originally Posted By: Samilcar
Overheard from a stock trader last week: "This is worse than a divorce, I've lost half my net worth but I still have my wife!"
Well, that is funny.
Overheard from a stock trader last week: "This is worse than a divorce, I've lost half my net worth but I still have my wife!"
Well, that is funny.
http://www.youtube.com/watch?v=jB9fuIvksLw Check it out.
They had a market maker on Fox Financial and he indicated that over 50% of the trades now are computer generated. Many of them are happy with less than a penny/share profit. This is in effect putting an end to orderlymarkets.
I believe that the Dow needs to somehow control this and the shorts. I think they need another lawyer that somehow can address these type of issues. One way might be that a stock needs to be held a specific length of time. Shorts need to be prohibited, and possibly circuit breakers for a stock might need to be limited at only a few percent per day.
5 minutes ago the Dow was down 200+ so good news again was a one day event.
If the Dow does not act I can possibly see companies that are getting killed to threaten to delist and possibly form their own market. Not beyond the realm of possibility.
I believe that the Dow needs to somehow control this and the shorts. I think they need another lawyer that somehow can address these type of issues. One way might be that a stock needs to be held a specific length of time. Shorts need to be prohibited, and possibly circuit breakers for a stock might need to be limited at only a few percent per day.
5 minutes ago the Dow was down 200+ so good news again was a one day event.
If the Dow does not act I can possibly see companies that are getting killed to threaten to delist and possibly form their own market. Not beyond the realm of possibility.
Originally Posted By: Al
If the Dow does not act I can possibly see companies that are getting killed to threaten to delist and possibly form their own market. Not beyond the realm of possibility.
I like that idea. A stock market for investors instead of short term speculators and gamblers. I think it would attract a lot of companies and lot of investors.
If the Dow does not act I can possibly see companies that are getting killed to threaten to delist and possibly form their own market. Not beyond the realm of possibility.
I like that idea. A stock market for investors instead of short term speculators and gamblers. I think it would attract a lot of companies and lot of investors.
Originally Posted By: Al
They had a market maker on Fox Financial and he indicated that over 50% of the trades now are computer generated. Many of them are happy with less than a penny/share profit. This is in effect putting an end to orderly markets.
Down here, it's called "bot trading".
Will see as little as single shares traded in a company, slowly pushing the price in a given direction, then a parcel will be bought or sold when the margin has been reached.
They aren't paying brokerage, as nobody would consistently sell $5 worth of shares with $20-$30 worth of brokerage.
Black Friday, the bots got confused, and were putting $40 shares out at 2.5c.
ASX doesn't give a rat's as they make margin on transactions.
They had a market maker on Fox Financial and he indicated that over 50% of the trades now are computer generated. Many of them are happy with less than a penny/share profit. This is in effect putting an end to orderly markets.
Down here, it's called "bot trading".
Will see as little as single shares traded in a company, slowly pushing the price in a given direction, then a parcel will be bought or sold when the margin has been reached.
They aren't paying brokerage, as nobody would consistently sell $5 worth of shares with $20-$30 worth of brokerage.
Black Friday, the bots got confused, and were putting $40 shares out at 2.5c.
ASX doesn't give a rat's as they make margin on transactions.
Originally Posted By: Al
Also there is some thoughts that the Market is being manipulated, possibly by economic terrorists.
And some analysts have a courage to name them openly: Wall Street Monsters & Meat (You)
Also there is some thoughts that the Market is being manipulated, possibly by economic terrorists.
And some analysts have a courage to name them openly: Wall Street Monsters & Meat (You)
Some of the ultras are getting back into buy range again.
Splain something to me: Who is doing all of this selling? With stock prices so depressed, who is willing to take such a loss by selling and for what purpose? I wonder how low the market would be if not for the bargain hunters grabbing up things.
We finally have a day to go all in.
I should be all in today if the pure panic stands up.
I should be all in today if the pure panic stands up.
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