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JOEJOEJOEJOEJOEJOE Posts: 10,580
edited February 2007 in A Moving Train
Damn, today the correction has begun!

I am tempted to buy some calls in case there is a quick recovery!
Post edited by Unknown User on
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Comments

  • know1know1 Posts: 6,794
    It's days like these when I try not to look at my mutual funds for awhile! I agree though, if you have some money to throw at it, the next week or so would be the time.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • JOEJOEJOEJOEJOEJOE Posts: 10,580
    There is a formerly-profitable gambling equipment company called Shuffle Master....they made the mistake of announcing that their earnings are off.....20% decline on stock price!
  • present addresspresent address Posts: 72
    how big of a correction will happen i think will be answered when we see if this wave keeps going around the world for more that just today.... i hope it keeps going... i would love to put more in under 10k again....
  • jlew24asujlew24asu Posts: 10,118
    wow what a day. I am up huge. I should have retired today. I'm so stupid. saw this coming a million miles away
  • sweet adelinesweet adeline Posts: 2,191
    insanity. close the markets asap please.
  • JOEJOEJOEJOEJOEJOE Posts: 10,580
    jlew24asu wrote:
    wow what a day. I am up huge. I should have retired today. I'm so stupid. saw this coming a million miles away

    did you buy some PUTS yesterday?
  • JOEJOEJOEJOEJOEJOE Posts: 10,580
    present address wrote:
    how big of a correction will happen i think will be answered when we see if this wave keeps going around the world for more that just today.... i hope it keeps going... i would love to put more in under 10k again....

    hopefully those on the sidelines who thought everything was overpriced will come to our rescue and start buying now that everything is on sale!

    Nobody panic...don't sell...we can ride this out!
    :)

    Damn, I am glad I didn't spend the money to go to Hawaii in December!
    (j/k, Sweet Ad!)
  • sweet adelinesweet adeline Posts: 2,191
    JOEJOEJOE wrote:
    Damn, I am glad I didn't spend the money to go to Hawaii in December!
    (j/k, Sweet Ad!)

    haha, very funny. it was worth every penny!

    luckily my building is only 1 story, so even if i jump off the ledge, i'll probably survive ;)
  • JOEJOEJOEJOEJOEJOE Posts: 10,580
    sweet adeline wrote:
    haha, very funny. it was worth every penny!

    luckily my building is only 1 story, so even if i jump off the ledge, i'll probably survive ;)

    Cool, as long as no doctors come at ya with long syringes!
  • jlew24asujlew24asu Posts: 10,118
    JOEJOEJOE wrote:
    did you buy some PUTS yesterday?

    no I trade dow futures. I was short but actually made money on the way up after that nose dive at 2pm
  • AbuskedtiAbuskedti Posts: 1,917
    I'm suprized we don't see more posts on this. The stock market likely draws the greatest amount of propaganda with the US federal politicans being the only one close.

    Its interesting to see the lobbyists comming out with articles designed at swaying public opinion - those that are heavy in the market - and wishing to stay - encouraging all to be patient and not to sell - and highlighting all the signs that the longterm outlook is good

    while those that have pulled out or otherwise heavier in cash... highlighting all the negatives in hopes of further losses - bringing greater new opportunities...

    The investing public as easily led along as the voting public...

    ah what a funny country we live in.
  • JOEJOEJOEJOEJOEJOE Posts: 10,580
    Abuskedti wrote:
    I'm suprized we don't see more posts on this. The stock market likely draws the greatest amount of propaganda with the US federal politicans being the only one close.

    Its interesting to see the lobbyists comming out with articles designed at swaying public opinion - those that are heavy in the market - and wishing to stay - encouraging all to be patient and not to sell - and highlighting all the signs that the longterm outlook is good

    while those that have pulled out or otherwise heavier in cash... highlighting all the negatives in hopes of further losses - bringing greater new opportunities...

    The investing public as easily led along as the voting public...

    ah what a funny country we live in.

    my guess is that many of the members of this board invest their dough in posters instead of equities!
    :)
  • jeffbrjeffbr Seattle Posts: 7,177
    As some analyst said, it is time for Greenspan to go play golf and quit flapping his lips. He makes an offhand comment and Hong Kong goes nuts. I'm betting that the correction is short lived. A 3.5% correction is big news, but it will bounce back. Anyone who bails from fear at this point definitely realizes a loss. If you are an investor rather than a trader, ride it out. Things will turn back around. You don't lose (or gain) until you sell.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • DinghyDogDinghyDog Posts: 587
    edited November 2012
    -
    Post edited by DinghyDog on
  • jlew24asujlew24asu Posts: 10,118
    DinghyDog wrote:
    real men buy'em and hold'em.

    you mean pussies who are afraid to take on a little risk buy 'em and hold 'em.
  • lamperti77lamperti77 Posts: 365
    "Buy! Buy! Buy! Oh wait, everyone's buying?! Then, Sell! Sell! Sell!"
    I'll scream my lungs out...'til I fill this thread!
  • jeffbrjeffbr Seattle Posts: 7,177
    jlew24asu wrote:
    you mean pussies who are afraid to take on a little risk buy 'em and hold 'em.

    Investors buy and hold. Investors buy on sound fundamentals and a belief that things will continue to work for a company. These people make sound financial decisions based on understanding of the company and their place in their particular industry.

    Traders play the moves. The company's fundamentals may or may not matter, but their potential for movement up or down based on their sector, or anticipated announcements, or chart trends create opportunity for the quick flip or short-term gain. This is where the notion of gambling on the market comes in.

    To call one or the other a pussy seems to me to not understand the role that both play. Over the long term, however, if one makes a sound investment, one is better off buying and holding.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • jlew24asujlew24asu Posts: 10,118
    jeffbr wrote:
    Investors buy and hold. Investors buy on sound fundamentals and a belief that things will continue to work for a company. These people make sound financial decisions based on understanding of the company and their place in their particular industry.

    Traders play the moves. The company's fundamentals may or may not matter, but their potential for movement up or down based on their sector, or anticipated announcements, or chart trends create opportunity for the quick flip or short-term gain. This is where the notion of gambling on the market comes in.

    To call one or the other a pussy seems to me to not understand the role that both play. Over the long term, however, if one makes a sound investment, one is better off buying and holding.


    yea I know. I was just fuckin around. I found the "real men" comment funny
  • DinghyDogDinghyDog Posts: 587
    edited November 2012
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    Post edited by DinghyDog on
  • DinghyDogDinghyDog Posts: 587
    edited November 2012
    -
    Post edited by DinghyDog on
  • davidtriosdavidtrios Posts: 9,732
    ouch -383
  • rr165892rr165892 Posts: 5,697
    davidtrios said:

    ouch -383

    Just don't look at this qtr statement.It will feel better that way!
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    It's time again, people...
    http://www.zerohedge.com/news/2014-10-16/jim-rogers-warns-albert-edwards-right-sell-everything-run-your-lives
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • MayDay10MayDay10 Posts: 11,738
    Zerohedge is nothing but a one sided financial doomsday tabloid
  • mickeyratmickeyrat Posts: 39,231
    glad I cant get into my 401K account at the moment
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    edited October 2014
    MayDay10 said:

    Zerohedge is nothing but a one sided financial doomsday tabloid

    yeah i really don't disagree with you there at all. Financial Armageddon Fear Porn for sure.
    But I posted that link for the Jim Rogers interview video it contains, and there really is no opinon in the article in that link anyway. its a synoposis of the video, really.

    Regarding your allegation, even so, I find going to sites like that are helpful in that you know what you are getting. If I am looking for the "truth" regarding economic numbers and the global market news for the day, I go there. Better than having to run a google search and clicking 15 links. Better than MSN or any MSM site. You can (and I certainly do) take the opinions with a grain of salt, but simply for the charts and data they aggregate, it is worth the visit.

    I don't really have the desire to check Goldman Sach's bullshit advisories and reports day in and day out, so it's nice when ZeroHedge can cut through the bullshit, and bring you a chart like the one below, because, really, sometimes that's all you need. I mean, it kinda says it all, and you don't even need the opinions on the page. They've done the digging through the BS, and BAM ...
    image
    Post edited by DriftingByTheStorm on
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    edited October 2014
    Two more great finds by Zerohedge in the last few days ...
    just how much fear \ uncertainty is out there right now?
    Why THIS much:
    image
    story here
    And the multi-TRILLION dollar question ...
    Just HOW much of the economy DOES the FED control?
    Do markets really LIVE AND DIE BY THE FED?
    Hmmm, YOU TELL ME:
    image
    story here

    And a non-Zerohedge confirmation for the last chart, that they aren't just making crazy correlations (although it should be perfectly apparent at this point in history that they are correct, just in case, here:)
    http://www.bloomberg.com/news/2011-03-04/s-p-500-s-link-to-fed-assets-seen-as-warning-chart-of-the-day.html
    Post edited by DriftingByTheStorm on
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    edited October 2014
    But if you math out the Feds tinkering (rigging) you can see we are flat and in the ditch still...
    image
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • tempo_n_groovetempo_n_groove Posts: 40,491
    Should we revise this thread?

    Is the correction coming again?

    Dow is down 700.

    https://markets.businessinsider.com/index/dow_jones
  • tempo_n_groovetempo_n_groove Posts: 40,491
    Final call was 798 down.

    There is an article that talks about the T note and the trend it is in.  The last time this happened the global recession started.  This time around I will be paying even more close attention to the markets and the trends.
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