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A- ing-men.
Totally agree.
Let me start by saying that I own and regularly shoot a firearm, and I have NO PROBLEM with a complete and total ban on assault weapons. WTF do you need an assault weapon for if you aren't USA/USMC infantry? Will someone please explain that one to me?
A- ing-men.
Totally agree.
Even though I thik you are a ing moron, I agree with you and Ex.
No comments on today's closing of the market?
No?
Anyone?
No mention of it hitting 8,000?
Hmmmm . . .
Anyway:
http://money.cnn.com/2009/04/02/mark...ion=2009040210
I have no idea why kids prefer bouncing rubber balls when obviously a dead cat is far superior to any rubber ball ever made in the world.
Oh, I've been watching it.
Obama should leave the country more often...
i guess you've never heard of the ol' give 'em an inch and they take a mile saying.
Have you ever seen a cat chase a bouncing rubber ball? It's one of the funniest things in the world.
I don't know how I'd feel about watching a cat chase a bouncing dead cat, though.
Suck on it bears.
So drug dealers continue to get their weapons of choice. Nice.
To outlaw guns completely, the Cons ution would have to be amended. They make that hard on purpose.
No law abiding citizen of this country need more than a couple of recreational and home protection sidearms, and some hunting rifles/shotguns. Only criminals and the NRA want people to have more than that.
Oh, and the next bump in the stock market will be due to massive credit card writedowns. Defaults are almost to 9% of cardholders and another 6-7% of cardholders are in arears. We're not done here yet, folks.
Lots of talk from so called experts that the worst of the crisis is over.
I still think the 2nd and 3 rd Q will be bad. We might see a bottom during one of those quarters. I still feel we will test the lows we saw earlier this month in the major indices.
Or commercial real estate. All these major anchor store closings across the country mean no rent and lost minor tenants which means major loan defaults.
Take your pick. This isn't over.
You see, if pros ution were legal, you could convert these empty stores into brothels and still get your rent money.
I still don't get what the stock market is goin on? Just fumes?
There are people out there (and I've seen plenty on Bloomberg TV) saying that this is the right time to step into the market and that the worst is behind us.
My feeling is that many investors simply want to believe this and take any opprotunity (the smallest piece good news) as a buyting opportunity.
I agree.
All the so called "experts" that never saw this coming now want to say "see, it's just a normal V shaped correction"...
I would agree.
I do think stocks have been somewhat oversold though.
I think we have at least another year or two of dead companies and losses.
I think CR will be a problem, but many of the legacy property owners can lower their rent prices to pre-boom rates to get tenants. They were making a killing, but that time is over. It's a better alternative than letting it sit empty, and may actually spur some small business growth.
That credit card , though...man. The fuse on that was lit when the bankruptcy laws were tightened, and the CC companies started giving cards to ANYONE, knowing they could probably only pay interest. That only works while the economy is up. I think they'll have no other option than to write it down. Bankruptcies are back to the levels before the rule changes, meaning people are REALLY in trouble.
Stock markets are all about emotion. Recent US economic news has been less disastrous than expected so some people are buying. There's also a huge amount of cash that's been pulled out of the market over the last six months and people / firms are desperate to find something, anything, that will return more than the 0.25% they can get in other, less risky investments. As a result there's a lot of money flowing back into the markets and whenever that happens the markets are going to go up.
But ... should the economic news return to being universally gloomy, look out below.
Boy was I wrong!
Sometimes I just like pulling out old quotes.
I'm so depressed... I had been looking at MGM stock ever since I heard they reached an agreement with DubaiWorld to finish CityCenter in Vegas. It was only at $5.XX/share and I told my wife about it. Watched it for a day or two and nothing happened so I decided to pass. A week and a half later, it's up 150%
Citibank is up 300% and if it is true it's capital-related problems are behind it, it should go to $10 pretty soon.I'm so depressed... I had been looking at MGM stock ever since I heard they reached an agreement with DubaiWorld to finish CityCenter in Vegas. It was only at $5.XX/share and I told my wife about it. Watched it for a day or two and nothing happened so I decided to pass. A week and a half later, it's up 150%
Yeah, almost all the banks have at least doubled or tripled their stock rate from early March until now. I feel like a dumbass because I purchased BOA stock at $8.25 and saw it raise to $11 before falling back down to $7. When it raised to $10.75 again, I was sure it was going to drop back down to at least $10 or so (had been watching it's activity all week throughout the day). I sold 200 shares at that point thinking it'd drop a little and I'd buy it back up while pocketing the difference.... but the SOB kept raising until it hit $15Cost myself $850.
For the record, I just started playing the stock "game" a few weeks ago. I got 30 days of free trading so I decided I was going to start with $2K and see what I could grow it to by being very active and making a few quick bucks here and there. Had I not had free trading, I most definitely would've held onto my BOA stock instead of trying to turn a quick $50-$75 the day I sold it. They are going to issue a few billion in additional stocks at $8.75 a share soon, though. So I'm most definitely going to get in on that. Also, they are offering 5 year bonds with a 7.25% return for those who like to play it safe
Dead Cat Bounce!!!!!!!
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