Wow guys thanks for the great advice! I'm surprised neither of you work for Goldman Sachs with such awesome investing knowledge!
MB says play long, I say play short. Go ask all the experts you want and those are the 2 opinions you'll get. I've turned $20k into $31k since the Aug crash, maybe not good enough for Goldman Sachs but I'm happy.
Tbh, I'll be completely on the sidelines by the end of the week (probably tomorrow before Obama's speech). I'm guessing there's a significant Sept. crash around the corner, then I'll get back in if it occurs.
That's about all GS does except for falling for their own financial ripoff schemes.
Yup. Gold and the swiss franc.
The Swiss central bank did a massive (for them) QE, and deflated their currency.
If anyone else follows, gold will go up farther, as people looking for a safe currency conclude there is no such thing.
Gold does not have a central bank that can do a QE and print money.
I still think gold is due for a pretty substantial fall, but it is looking like that is further and further in the future.
I think AUMs of investment management companies will go down significantly this quarter. Particularly affected will be those firms who heavily invest in the US. But maybe not, not if they could help it with fixed income and commodities.
check out this crazy 5 day chart...
http://finance.yahoo.com/echarts?s=^...urce=undefined
RIMM
I wouldn't count netflix out yet. They are also quietly moving into their own content production which long term should dramatically boost profits if they come up with some hits. They would control and profit from the process from start to finish.
Not all that sure their venturing into production sways me that they'll fare better or worse as a consequence. I have no doubt they are still a great stock to own, though.
(Doesn't hurt that they have precious little by way of credible compe ion, I suppose.... Blockbuster has to have one of the most inept, complacent corporate cultures in business judging by their past 10-15 years.)
The sky is falling again today.
I'm sure there were plenty of bets on the fall that made millions.
That's pretty much how stock exchanges work, for better or worse.
could be under 10,000 by end of the week
"headwinds"
biggest compe ion would be amazon.
Maybe investors are believing Obama will lose, and want to get in the stork market before it shoots up really high?
Buy low, sell high... Set the trend to win, follow the trend to lose.
Market seems to feel better about things now that the Greece deal is done.
Well, this round of the Greece deal.......
Once again, WC doesn't do any research and is wrong.
February retail numbers were released at about the same time that the federal reserve chairman gave his "testimony" that things were looking substantially better on the jobs front, but that the Federal reserve was going to hold tight on current monetary policy measures. In the financial sector specifically JP Morgan Chase announced that they had passed the stress tests and increased dividends by 20% at the same time, investors see this as a sign of strength in the financial sector at large.
Edit: It amazes me when people sitting at the access portal to all of the worlds information continue to remain willfully ignorant.
No. It's people guessing what will happen 8 months from now.
Cogent argument. Forgive me. I slink away having been vanquished.
I would do more research before giving you a definitive answer, but a gut response based on all of the things that I have read about the two over the last 2 years would be JPM. Like I said, verify that, but you have an answer.
did anyone jump on the stock tip i gave this forum? cmi?
how about you winehole? did you pull the trigger on it?
Between those two I'd say JPM, but I'm still bearish on the whole financial sector.
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