lol stock market

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Originally Posted by coyotes_geek

Down another 500 today.

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Yesterday was two different markets based on 2 different things. #1 was the Fed confirming they think the economy is gonna suck for at least two more years and making the unprecedented statement they were going to continue to hold down rates for 2 years. Fed says nothing about QE3. Market goes to shit. #2 Goldman Sachs then sends a newsletter to it's clients while the market is dropping that says they think the Fed is gonna do QE3. People assume GS has inside info and market immediately skyrockets. After market closed people figured out GS was just blowing smoke out its ass and doesn't have inside info. Market opens today and continues to go to shit.

don't forget someone flushed the toilet where Europe was floating

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Originally Posted by hater

it's funny, ppl here act like they know the stock market. Why the hell are you here posting then and not having lunch with Warren Buffet? :lmao

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People on the internet talking about things they're not experts on? Say it isn't so! :madrun

The house of cards is falling.

Meh, there will be a bottom. The world is not about to end.

The world won't end for you.

but a comfortable, sustainable, pleasant life and retirement is now falling out of reach of millions of Americans, mostly through no fault of their own.

The greedy, predatory UCA has figured out they don't need Human-American employees, they don't need Human-American consumers. All the cheap employees AND consumer growth are in Asia.

That's the ugly, repulsive face of unregulated capitalism. It doesn't GAF about Human-Americans or America, or any country, only GAF about money.

What's all the panic? The markets are down what, about 10%?

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Originally Posted by Tyson_Chandler

warren buffet's investment strategies are actually a thing of the past, his investment strategies wouldn't work anymore bc witht he amount of huge firms out there, it's impossible to identify any mispriced securities, the market is too efficient. the key to investing now days is holding on to it for the long run, and predicting future growth. my professor for investments is a phd, smart indian dude, and he will striaght up tell you that no individual investor can really beat the market consistently when it comes to stocks. there are other ways to invest now days that are a lot more safe and what he does is actually sells options. most of the best investors today only play with a little bit of money in the stock market for fun, they diversify the bulk of their money into mostly other things.

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I would generally agree. It is hard to leverage information asymetry the way Buffett did when he was building his company. It doesn't work well after you get to the size that Berkshire has gotten to, either.

Unless of course your last name is Rajaratnam, then you can just trade off your contacts, until you get caught.

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Originally Posted by Wild Cobra

What's all the panic? The markets are down what, about 10%?

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What panic?

lol france latest domino affect, hope they tank...

down 400+ again. tomorrow not looking good.

And I bought a 1000 shares of BoA Monday :depressed

I was gonna bump this earlier, but was lazy... SB: you should've stayed with the gold, tbh

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Originally Posted by ElNono

SB: you should've stayed with the gold, tbh

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Oh I'm still with gold. Just decided to take a gamble on BoA. It'll pay off eventually...uh I think.

I keep having the temptation to take a gamble on BofA, but haven't given in yet.

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Originally Posted by coyotes_geek

I keep having the temptation to take a gamble on BofA, but haven't given in yet.

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Well The Donald is doing it too and he's never wrong.

Hard to argue against a rich guy who isn't afraid to cough up his birth certificate.

or a rich guy with a wig

and a smokin' hot daughter.

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Originally Posted by hater

down 400+ again. tomorrow not looking good.

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Yep, and my next 401k purchase will buy even more shares than the last time.

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Originally Posted by ElNono

I was gonna bump this earlier, but was lazy... SB: you should've stayed with the gold, tbh

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There will be a lot of angry people when the gold bubble bursts.

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Originally Posted by SnakeBoy

Oh I'm still with gold. Just decided to take a gamble on BoA. It'll pay off eventually...uh I think.

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Besides, if you get too much gold, might not be able to jump ship fast enough when it's time. I hear people saying it is still going to substantially rise, but... what if they are wrong?

Good not to put all your eggs in one basket.

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Originally Posted by Wild Cobra

There will be a lot of angry people when the gold bubble bursts.

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It isn't a bubble. It will come down when demand comes down, at which point things should be better in the market/economy and you should be able to move there.

In the 70's, gold rose to above $800/oz. from below $50, just to fall to almost half it's peak in a very short time. It regained a value just over $700 in 1980 just to fall again to about $300. It averaged about $400 until 1996 and slowly dropped again to under $300. In 2000, it started a nominal rise through 2004, then started taking off like it did in the 70's.

It will crash at some point. Just no telling when.