Are these types of drastic highs and lows healthy behavior for the market?
I'm not answering for Drifting, but I def think it's not healthy. Volatility basically indicates risk. So, there's a hell of a lot of risk in the market these days. The VIX index is a really good indicator of this... it's at highs... so you are def right about the volatility.
I'm not answering for Drifting, but I def think it's not healthy. Volatility basically indicates risk. So, there's a hell of a lot of risk in the market these days. The VIX index is a really good indicator of this... it's at highs... so you are def right about the volatility.
I kind of figured that but I wasn't sure. I thought it would be best to ask someone with a bit more knowledge on the subject. I didn't even want to bother calling my friend as he was probably busy loosing his mind as his hair line receeded another inch or two.r
"When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
Wow--it's not that cheap here yet. and I heard OPEC is having an emergency meeting (or did)
Because the price is going to low for their luxurious lifestyles. they want oil to hover around $100 a barrel. That way it's not to expensive for the junkie but expensive enough to line the producers pockets.
"When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
I'm not answering for Drifting, but I def think it's not healthy. Volatility basically indicates risk. So, there's a hell of a lot of risk in the market these days. The VIX index is a really good indicator of this... it's at highs... so you are def right about the volatility.
To be honest, volatility isn't really "healthy" or "unhealthy", it just "is".
I mean, for the traders it makes for rough going. Sure SOME volatility is a good thing (how you make your money), but this is like trying to surf in a cat. 5 hurricane. Most people just can't do it well. It is why you hear most of the traders on CNBC saying that they aren't really doing anything.
But i guess, in general, NO it isn't really good.
It means that there is a lot of fear and uncertainty, which itself isn't good.
However, as far as TODAY is concerned, i have to say this was most DEFINATELY a good thing.
I haven't been by the tube today (too busy), but i can only imagine that people like Art Cassin on the NYSE floor are ecstatic about this movement.
I'm not saying this is a permanent long term bottom, or even that the market might not scrape lower next week... however, this is a GREAT sign.
It means the markets crashed to a new low, recovered, and then slowly sunk back only HALF as low, to recover a second time, and then fade calmly in to close (certainly not abnormal for such a high risk environment going in to the weekend).
This kind of movement is a pretty good indication that the consensus in the market is that these levels are "healthy" short term valuations, and that baring any other significant deterioration in the fundamentals, we are VERY close to being at a near term bottom.
At the VERY least, it is proof that the market is no longer in free fall.
I couldn't be more happy, and i can't wait to hear what the heads on a show like Fast Money have to say tonight.
Anyone else with an eye for the markets have a comment? PJSurf?
If I was to smile and I held out my hand
If I opened it now would you not understand?
here's my advice for this market. Find companies that are heavily shorted, and buy them. At this point, they have declined so much, that the shorts will close their positions, inflating prices. I believe more in a buy and hold strategy, but some money could be made short term here
here's my advice for this market. Find companies that are heavily shorted, and buy them. At this point, they have declined so much, that the shorts will close their positions, inflating prices. I believe more in a buy and hold strategy, but some money could be made short term here
I'd just add that you need to be wary of buying banks, ANY banks ... except MAYBE JP Morgan, which still could move down more, but will NEVER dissapear.
That, and watch out for any companies that have high debt loads, or have recently done distressed stock sales.
Other than that, sure, go ahead and do some bottom fishing now,
i would just add the caveat: dollar cost average in to this SLOWLY.
Don't just throw everything at it tomorrow.
Take small nibbles and wait for some more good signs.
One intra day 2x-bottom does not a recovery make.
We could still (and probably will) have a wild ride from this point.
If I was to smile and I held out my hand
If I opened it now would you not understand?
I'd just add that you need to be wary of buying banks, ANY banks ... except MAYBE JP Morgan, which still could move down more, but will NEVER dissapear.
That, and watch out for any companies that have high debt loads, or have recently done distressed stock sales.
Other than that, sure, go ahead and do some bottom fishing now,
i would just add the caveat: dollar cost average in to this SLOWLY.
Don't just throw everything at it tomorrow.
Take small nibbles and wait for some more good signs.
One intra day 2x-bottom does not a recovery make.
We could still (and probably will) have a wild ride from this point.
good points, all. esp. about the banks.
0
unsung
I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
Jesus christ.
The crybabies on CNBC are whining that something NEEDS to be done over the weekend, or they are worried the markets will crash again on monday, and the TED & LIBOR will spike again.
This is just absurdity.
Today was called as a bottom by every trader and their mother.
That doesn't mean SHIT, except for the fact that every trader and their mother is going to try and cover shorts on monday, and think about going long.
This is market psychology almost 100% at this point,
and why on fuck would these idiots bumble that by repeating this mantra of "Fear fear fear! NEED INTERVENTION NOW!" going in to the weekend?
WTF?
Even if it IS necessary to get more intervention in short order, could we at least not ACT like it is the end of the world?
The traders had a "good" day today, and are hoping for something better next week.
Lets not deflate them by friday at 9pm. :mad:
Its like they WANT the market to keep moving down.
Weird.
If I was to smile and I held out my hand
If I opened it now would you not understand?
Not without every company going completely out of business.
SO wake up people wake up!! write the letters post the posts?? Please stand with me on the quest to fix this planet Shining stars find the little voice of courage to fight the good fight to remember THE CIVIL WAR to remember
the bloodshed of our ancestors to recall the 58,000 men and woman who died for Our freedoms WAKE UP SEE THE TRUTH see your way clear to the end.
We have horses we have water we have good food we have farms we have the world at our hands we till the field we walk the walk we talk the talk .. we are the owners of the FREE WORLD we are teh ones who will win and they will fall
down and all the money in the world will not save their souls
No one will know how to survive until they try living in the woods. and to what end? I would rather be in the woods with a mountain and a fire with Friends telling ghost stories and making smores.. SOON THE STAGE will fade soon the fires light will flicker and die out and only the ASHES will be there of the world we knew before.. IT will change in the WINK of an eye Change? and be the same only the bad guys will be standing in the FOOD box lines to feed their family If they have a family? I am sorry no room for meanness in my world Oh god I want to go ICE FISHING and MOOSE hunting and can anyone give me a ride to the store?? LOVE PEACE LETS GET IT TOGETHER PEOPLE
UNITED WE STAND TALL AND UNITED U-KNIGHTED?? HMMM imagine
PAUL MC
CARTNEY HEAR OUR CRYS FOR HELP IN AMERICA>> WE NEED YOU TO HOST A CONCERT IN EUGENE OREGON>>>
Comments
[too busy to post any more, but technical traders going to call this "double bottom"]
GOOD NEWS!
If I opened it now would you not understand?
Are these types of drastic highs and lows healthy behavior for the market?
I'm not answering for Drifting, but I def think it's not healthy. Volatility basically indicates risk. So, there's a hell of a lot of risk in the market these days. The VIX index is a really good indicator of this... it's at highs... so you are def right about the volatility.
I kind of figured that but I wasn't sure. I thought it would be best to ask someone with a bit more knowledge on the subject. I didn't even want to bother calling my friend as he was probably busy loosing his mind as his hair line receeded another inch or two.r
ok--so I am gonna hoard some gasoline this weekend!
Where I'm not ugly and you're lookin' at me
Actually gas is getting relatively cheap again.
I filled up for 2.81 last night and the price of oil is dropping.
- 8/28/98
- 9/2/00
- 4/28/03, 5/3/03, 7/3/03, 7/5/03, 7/6/03, 7/9/03, 7/11/03, 7/12/03, 7/14/03
- 9/28/04, 9/29/04, 10/1/04, 10/2/04
- 9/11/05, 9/12/05, 9/13/05, 9/30/05, 10/1/05, 10/3/05
- 5/12/06, 5/13/06, 5/27/06, 5/28/06, 5/30/06, 6/1/06, 6/3/06, 6/23/06, 7/22/06, 7/23/06, 12/2/06, 12/9/06
- 8/2/07, 8/5/07
- 6/19/08, 6/20/08, 6/22/08, 6/24/08, 6/25/08, 6/27/08, 6/28/08, 6/30/08, 7/1/08
- 8/23/09, 8/24/09, 9/21/09, 9/22/09, 10/27/09, 10/28/09, 10/30/09, 10/31/09
- 5/15/10, 5/17/10, 5/18/10, 5/20/10, 5/21/10, 10/23/10, 10/24/10
- 9/11/11, 9/12/11
- 10/18/13, 10/21/13, 10/22/13, 11/30/13, 12/4/13
Wow--it's not that cheap here yet. and I heard OPEC is having an emergency meeting (or did)
Where I'm not ugly and you're lookin' at me
Because the price is going to low for their luxurious lifestyles. they want oil to hover around $100 a barrel. That way it's not to expensive for the junkie but expensive enough to line the producers pockets.
To be honest, volatility isn't really "healthy" or "unhealthy", it just "is".
I mean, for the traders it makes for rough going. Sure SOME volatility is a good thing (how you make your money), but this is like trying to surf in a cat. 5 hurricane. Most people just can't do it well. It is why you hear most of the traders on CNBC saying that they aren't really doing anything.
But i guess, in general, NO it isn't really good.
It means that there is a lot of fear and uncertainty, which itself isn't good.
However, as far as TODAY is concerned, i have to say this was most DEFINATELY a good thing.
I haven't been by the tube today (too busy), but i can only imagine that people like Art Cassin on the NYSE floor are ecstatic about this movement.
I'm not saying this is a permanent long term bottom, or even that the market might not scrape lower next week... however, this is a GREAT sign.
It means the markets crashed to a new low, recovered, and then slowly sunk back only HALF as low, to recover a second time, and then fade calmly in to close (certainly not abnormal for such a high risk environment going in to the weekend).
This kind of movement is a pretty good indication that the consensus in the market is that these levels are "healthy" short term valuations, and that baring any other significant deterioration in the fundamentals, we are VERY close to being at a near term bottom.
At the VERY least, it is proof that the market is no longer in free fall.
I couldn't be more happy, and i can't wait to hear what the heads on a show like Fast Money have to say tonight.
Anyone else with an eye for the markets have a comment? PJSurf?
If I opened it now would you not understand?
I'd just add that you need to be wary of buying banks, ANY banks ... except MAYBE JP Morgan, which still could move down more, but will NEVER dissapear.
That, and watch out for any companies that have high debt loads, or have recently done distressed stock sales.
Other than that, sure, go ahead and do some bottom fishing now,
i would just add the caveat: dollar cost average in to this SLOWLY.
Don't just throw everything at it tomorrow.
Take small nibbles and wait for some more good signs.
One intra day 2x-bottom does not a recovery make.
We could still (and probably will) have a wild ride from this point.
If I opened it now would you not understand?
i used to know that
good points, all. esp. about the banks.
Wow, it is still $3.45-$3.70 here for the cheap gas.
I did just make a large transfer to my TD Ameritrade account. I'm going shopping on Monday.
The crybabies on CNBC are whining that something NEEDS to be done over the weekend, or they are worried the markets will crash again on monday, and the TED & LIBOR will spike again.
This is just absurdity.
Today was called as a bottom by every trader and their mother.
That doesn't mean SHIT, except for the fact that every trader and their mother is going to try and cover shorts on monday, and think about going long.
This is market psychology almost 100% at this point,
and why on fuck would these idiots bumble that by repeating this mantra of "Fear fear fear! NEED INTERVENTION NOW!" going in to the weekend?
WTF?
Even if it IS necessary to get more intervention in short order, could we at least not ACT like it is the end of the world?
The traders had a "good" day today, and are hoping for something better next week.
Lets not deflate them by friday at 9pm. :mad:
Its like they WANT the market to keep moving down.
Weird.
If I opened it now would you not understand?
the bloodshed of our ancestors to recall the 58,000 men and woman who died for Our freedoms WAKE UP SEE THE TRUTH see your way clear to the end.
We have horses we have water we have good food we have farms we have the world at our hands we till the field we walk the walk we talk the talk .. we are the owners of the FREE WORLD we are teh ones who will win and they will fall
down and all the money in the world will not save their souls
No one will know how to survive until they try living in the woods. and to what end? I would rather be in the woods with a mountain and a fire with Friends telling ghost stories and making smores.. SOON THE STAGE will fade soon the fires light will flicker and die out and only the ASHES will be there of the world we knew before.. IT will change in the WINK of an eye Change? and be the same only the bad guys will be standing in the FOOD box lines to feed their family If they have a family? I am sorry no room for meanness in my world Oh god I want to go ICE FISHING and MOOSE hunting and can anyone give me a ride to the store?? LOVE PEACE LETS GET IT TOGETHER PEOPLE
UNITED WE STAND TALL AND UNITED U-KNIGHTED?? HMMM imagine
PAUL MC
CARTNEY HEAR OUR CRYS FOR HELP IN AMERICA>> WE NEED YOU TO HOST A CONCERT IN EUGENE OREGON>>>