- Feb 12, 2000
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DOW into the 8000's soon
- Thread starter MadJack
- Start date
Can't we all just get along? Why do you guys have to act like this on here? Tired of it....
:SIB
:SIB
Can't believe we agree on something
Where my stock portfolio is listed always has ticker below of financial news and if Kramer/his affiliated site is in link I never read it. Guy makes 100 predictions one week and you here about 5% he was right on the next.
Jack-- Not good news for anyone and some pretty scary "world wide" scenerios in this one that is very hard to figure.
I don't know if you have advisor handling your portfolio but if you did he should not have you in 100% stocks at your/our age.
If someone is 40 or less -concern on these big hits we get is just a tick and plenty of time to recover--at older ages not as much time--and factor of (if you lose 50% you have to gain 100% of whats left to break even) is hard to overcome.
I'm clueless to when this ends--Is hard looking at stocks with great earnings-PE under 5 and no debt paying good div going down daily and trying to make sense of it. Have been down to less than 50% stocks for some time hardest part is remotely figuring out when to get back in--added to a couple of my favs a few weeks ago thinking they could go no lower--wrong. Will ride the strorm out on remaing stocks I have.
wayne, yes, advisor and has me in all mutual funds. my port pretty much does what the dow does. talked to him yesterday and, of course, he's in the same boat (i believe this guy though). wanted me to tell HIM what i wanted to do. LOL
i told him i'd get back to him today or a few days. we might be near the bottom here, i hope, and then i'll use some cash to buy into some good deals but i don't know anything about it. maybe i'll give you a ring one day in the next 2 weeks just to talk about it.
i told him i'd get back to him today or a few days. we might be near the bottom here, i hope, and then i'll use some cash to buy into some good deals but i don't know anything about it. maybe i'll give you a ring one day in the next 2 weeks just to talk about it.
I guess it's a nice time to be me, and be broke:mj07: I haven't lost a fkin penny cause I don't invest. Of course I own 3 houses which have taken a fking dive.
I'm thinking of pouring every dime I can beg, borrow, and steal into stocks very soon. WTF, it's either the greatest buying opportunity of my lifetime, or we're completely fuked anyway:shrug:
I'm thinking of pouring every dime I can beg, borrow, and steal into stocks very soon. WTF, it's either the greatest buying opportunity of my lifetime, or we're completely fuked anyway:shrug:
- Feb 12, 2000
- 10,652
- 39
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So why pay mutual fund and brokerage fees?
:shrug:
This and indenpent party drums are the ones I seem to be beating a lot lately!
'cause i'm stupid about the whole thing. i think the fuker has me locked in on some of those funds too.So why pay mutual fund and brokerage fees?
:shrug:
This and indenpent party drums are the ones I seem to be beating a lot lately!
Today's global rate cuts have reduced the risk of a market crash, but won't resolve the underlying crisis, says NYU economist Nouriel Roubini of RGE Monitor.
But the financial market crisis has unfolded even quicker than Roubini expected (which is saying something), and the economist now thinks the Dow and S&P will suffer 50% declines from last October's peak vs. 40% previously.
In other words, the Dow is going to 7,000, but over the course of months vs. days if Roubini is right, as -- unfortunately for bulls -- he mostly has been for the past two years.
"The policy response is going to become more aggressive [but] a steady flow of bad financial and macro economic news is going to push down equity markets," he says, forecasting a real bottom won't be hit until "sometime next year."
Because of growing slack in the global economy, Roubini says deflation is going to become a much bigger threat in the next six months vs. inflation. In such an environment, cash, Treasuries and gold are the only safe bets he says -- provided your holdings are within the FDIC's new $250,000 insurance cap.
But the financial market crisis has unfolded even quicker than Roubini expected (which is saying something), and the economist now thinks the Dow and S&P will suffer 50% declines from last October's peak vs. 40% previously.
In other words, the Dow is going to 7,000, but over the course of months vs. days if Roubini is right, as -- unfortunately for bulls -- he mostly has been for the past two years.
"The policy response is going to become more aggressive [but] a steady flow of bad financial and macro economic news is going to push down equity markets," he says, forecasting a real bottom won't be hit until "sometime next year."
Because of growing slack in the global economy, Roubini says deflation is going to become a much bigger threat in the next six months vs. inflation. In such an environment, cash, Treasuries and gold are the only safe bets he says -- provided your holdings are within the FDIC's new $250,000 insurance cap.
Jack, I feel your pain as well. It is truly amazing. To see such long term hold stocks in my medical portfolio like Pfizer, Merck, Eli Lilly and GE at near lows, it is tough to swallow losing 18% total. At least the dividends are still there and the yields are going up. Thank fully J&J Beckman Coulter, and others have held ground decently in the sector I know from working in it 25 years.
WTF just happened??
I came home and checked the market and it was up 92 pts..I just looked again and now down 189. :shrug: :sadwave:
I came home and checked the market and it was up 92 pts..I just looked again and now down 189. :shrug: :sadwave:
