Super User South FLA Posted August 4, 2011 Super User Posted August 4, 2011 About 80% of my securities portfolio has stopped out, bought the SPXU about 5 days ago based on signals so I am happy, but going to close it at end of day. Not sure where the market is heading and wish I had the crystal ball, but no sense in riding anything out. Really feel sorry for those institutional investors and mutual fund holders that are forced to ride it down, I'll start buying again at X% over today's stops and will have to look at the macro outlook, but a strong DOLLAR is not good for securities, precious metals index is being dragged by silver while gold is shining. Cash is not so bad now especially for future value plays, some good value buys here for those with fortitude. Anyway just wanted to rant as the trading day is coming to a close. Quote
Super User RoLo Posted August 4, 2011 Super User Posted August 4, 2011 You’ve done a good job 'south FLA, this market is not for the faint of heart Given the shoddy fundamentals of our economy, I’ve been using a sensitive trading model and was fully out in mid June. Since that time the market has made a triple-top and is now under its 200-day moving average....Look out below! Kudos to investors who were heavy on the Short side, but now they’ve got to find a soluble bank to stash their profit Although today's market resembled "capitulation", I don't believe it was a selling climax. Though there will be some relief rallies along the way, the path of least resistance is "down". Roger Quote
Super User clayton86 Posted August 4, 2011 Super User Posted August 4, 2011 I kicked butt in the fake stockmarket game that schools do now its based off the real market but fake money. I turned 10k into like 300k in 4 weeks I was ranked #3 in the country. I would never gamble 10k now this was back in 2005 my sr year and it was fake. Quote
Super User Sam Posted August 4, 2011 Super User Posted August 4, 2011 Down 518 points today. Will recover. Great time to buy stocks if you have the cash. Quote
Super User Root beer Posted August 4, 2011 Super User Posted August 4, 2011 I'm seeing red across my portfolio this week. My gains are eroding. Oh well, nothing new. Excel Maritime kicked my arse this year. Maritime shipping industry is struggling a lot..Maybe one day the global economy will start shipping goods between countries to a point where the demand outpace the supply of ships available. I'll probably dump the stock before that happens though. Quote
GrundleLove Posted August 5, 2011 Posted August 5, 2011 My mother's boss just spend 150,000 in the DOW. Last time he did this was in 2008 i believe and he made a KILLINGG Quote
Super User J Francho Posted August 5, 2011 Super User Posted August 5, 2011 I'm buying like a madman, LOL. I didn't get to sell high, so I'll offset with buy low. Quote
Super User Hooligan Posted August 6, 2011 Super User Posted August 6, 2011 I've lost about 55% of my retirement since 2003; it's now but a speck of what it was. Unfortunately, much of it is tied, if I pull it the penalties are worse than the loss. I have made considerable margins in commodities as of late, however, so that is the offset. Quote
Super User RoLo Posted August 6, 2011 Super User Posted August 6, 2011 About 25 years back, Larry Kudlow coined the expression "Dead-Cat Bounce", which perfectly describes Friday’s market behavior. In spite of wild intraday price swings, the market failed to muster a sucker rally. Historically, price behavior of this nature suggests that the market is looking for a lower base. Market gurus have the irresistible urge to call 'market tops' and 'market bottoms'. However, history has shown that there's never been a single investor who can successfully time market tops & bottoms without the benefit of hindsight (without the benefit of trend-following). According to an old market saw, timing a market bottom is like catching a falling sword "Standard and Poor" just downgraded the United States credit rating from "AAA" to "AA+". Wow, does this mean that Standard and Poor is finally awakening from their deep slumber? (I don't think so) Surely we didn't forget that "Standard and Poor" is the same organization who maintained Lehman Brothers "AA" credit rating until minutes before Lehman's historic collapse. Only days before the Lehman bankruptcy their book value was $35 per share. Value investors were accumulating Lehman shares while it was already in a death spiral (Figures don't lie, but people do) Well, we already had a Black Monday in 1987, is there another Black Monday in the offing?? Roger Quote
Super User roadwarrior Posted August 7, 2011 Super User Posted August 7, 2011 Get out now... Down 4000 points on the DOW is a real possibility. I don't see any "positives" and the talk of a "bottom" seems ridiculous to me. Europe will collapse and take the rest of us with them. The USA was downgraded Friday to AA+. The near term is bleak and another worldwide recession/ depression is inevitable. God help us all! Quote
Super User South FLA Posted August 7, 2011 Author Super User Posted August 7, 2011 Get out now... Down 4000 points on the DOW is a real possibility. I don't see any "positives" and the talk of a "bottom" seems ridiculous to me. Europe will collapse and take the rest of us with them. The USA was downgraded Friday to AA+. The near term is bleak and another worldwide recession/ depression is inevitable. God help us all! There always a bull market somewhere at least! Short the SP with SPXU and safe havens like GLD if you feel that strongly, if you are right you'll make a killing if you are wrong you can fade into UPRO on way up. Quote
WdyCrankbait Posted August 7, 2011 Posted August 7, 2011 It will be interesting to see what happens Monday. But, "you gotta be in it to win it." This isn't a good situation the economy is in, but things will come back. Quote
GLADES Posted August 8, 2011 Posted August 8, 2011 sell....sell.....sell (Trading Places movie) Quote
Quillback Posted August 8, 2011 Posted August 8, 2011 I like all the bearish sentiment, best time to buy is when everyone is throwing in the towel. Quote
Super User Grey Wolf Posted August 8, 2011 Super User Posted August 8, 2011 Someday there is going to be nothing to buy. Quote
Super User Lund Explorer Posted August 8, 2011 Super User Posted August 8, 2011 sell....sell.....sell (Trading Places movie) "Potter isn't selling, he's buying!" (It's A Wonderful Life) Quote
Super User RoLo Posted August 9, 2011 Super User Posted August 9, 2011 Not unexpectedly, US stocks did indeed undergo another “Black Monday". In fact, August 8, 2011 goes down as the 14th largest percentage decline in the history of the stock market! Even easier to predict than the meltdown is the sucker rally that’s sure to follow (we're now deeply Oversold). However, rather than chase the ambulance, it might be wiser to wait for a retest to see if support holds up. Roger Quote
Super User Root beer Posted August 9, 2011 Super User Posted August 9, 2011 Not unexpectedly, US stocks did indeed undergo another “Black Monday". In fact, August 8, 2011 goes down as the 14th largest percentage decline in the history of the stock market! Even easier to predict than the meltdown is the sucker rally that’s sure to follow (we're now deeply Oversold). However, rather than chase the ambulance, it might be wiser to wait for a retest to see if support holds up. Roger I help contributed to that decline. Quote
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