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I picked up some Ford stock @ 1.80
I wish I would have bought more
Cute. I presume that was directed at me.
I will admit that this bear market rally has had legs, despite the fact that there has been very little good economic news. It was a no brainer that the financial stocks were oversold once it became obvious that the Fed was in the pocket of the big wall street banking firms and wasn't gonna let them fail no matter what and wasn't going to dilute their equity either.
And amazingly. no one seems to be concerned that China has pulled out of the treasury auctions and the Fed is buying all the debt...most people won't even ubderstand what hit them when interest rates jump into the double digits and the dollar crashes...
Most of the smart money guys I run with are buying high yield, low rated, tax free muni funds for the short term because they know bond ratings don't matter anymore because the Fed is gonna bail out any cities or states that get upside down.
Your tax dollars are gonna make them a load of money...a 9% after tax yield is nothing to sneeze at.
I picked up some Ford stock @ 1.80
I wish I would have bought more
Is it true the IMF wanted to dump all its gold for China to purchase?
They're selling gold to anyone to purchase.
I still cannot get over how stupid greedy people are. I realize it probably went too low back in early March than it was worth, but it's rallying hardcore over little-to-no legit positive news. Those stress tests were also designed to tell people that the bailouts are working, and there are several critics out there pointing out how the results are not nearly as positive as the treasury department has described them.
I agree with most of what you say.
I'm very surprised the S&P has rallies almost 40% since early March on the heals of news such as "537K job losses in March"!!!????
My mutual funds are up 23.7% YTD, 18.3% since Nov. 1st;
How y'all doin'?
I haven't looked, but probably similar. For my retirement purchases, I had no fear of the drop. It just meant I was buying more shares for the same price.My mutual funds are up 23.7% YTD, 18.3% since Nov. 1st;
How y'all doin'?
We are back on track!!
I picked up some Ford stock @ 1.80
I wish I would have bought more
, I bought at $6 and I'm kicking myself for not buying more.
I am glad everyone’s portfolio is doing so well but do we really know the value of anything while the Government props up the system with cash infusions? The Government now is the largest stake holder in GM & boosts GM’s sales by a cash for clunkers program….I this free markets?
I want to know how 25000 clunkers @ $4K (average) per car equates to the program being out of money already. Last time I checked, 25K * 4K = $100M, not $1B.
And re the market, yes, if you've been in steady and investing this year, you're doing OK - but if you've been in for any length of time you're still down for the last year. Things are looking a lot better but for the rally to continue, there must actually be a recovery, not simply for the pace of the recession to keep slowing.
I believe there is a large backlog of unprocessed rebates.
Look at how much it has dropped since after the November 2006 elections and the democrats changed some market rules starting in the summer of 2006, and fear of what the democrats will still do... It's dropped harder since the Housing lenders bubble burst, and will drop even more with Obama's policies and fears generated into the markets.
Can you say Dow at 6000?
oopsies. six months later, and we're still waiting on 6000....
Don't get too smug. There has been no logical reason for the recent market bump up. The economy still sucks and is getting worse.
you must get heartbroken everytime you watch the weather on the news.
oopsies. six months later, and we're still waiting on 6000....
From what I understand, some economic indicators are getting worse but the rate at which they are getting worse is lessening. That leads many to believe that the economy is on it's way to stabilizing.
Sooo...What is the latest forecast....Dow almost up to 10,000…
Anyone have an economic forecast or stock market analysis?
I bet smegmal is busy buying S&P calls
I love this thread.
unemployment still going down.
I'm still extremely negative on most dollar denominated stocks over a five year window, especially in services and manufacturing industries. The fact that the market goes up 20% while the dollar drops 20% just gives you a push, and the dollar is GOING to keep dropping. Our elected officials (both republicans and democrats) don't have the political guts to do what is necessary to really fix our economy for the long term. They are just buzzards standing on the left/right of the carcass picking off chunks for themselves.
I'm up 39% YTD, I get the feeling I should back away from the table, cash in my chips, get my meal comped, and go see the Blue Man Group or Penn and Teller.
I am afraid you are right, CC, the problems with our economy haven't been addressed and we have an out of control trade deficit. Between the ongoing/escalating war, and all the cash being dumped to prop up short term fixes without any real fundamental and strategic change to business as usual, our national debt is probably irrecoverable at this point. We could be in for a stagnation like Japan's in the 90's...or worse.
The rest of the world is losing patience with us. They see our politicians burning dollars and promising (non producing/taxpaying citizens) more and more benefits without any way to pay for it without borrowing money from other countries. We are very much in danger of the rest of the world cutting loose from the dollar. When this happens we will be well and truly screwed.
dow lost over 200 points today, yowza
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