DOW down 166.75 Points so far. - DFWstangs Forums
 
LinkBack Thread Tools Display Modes
post #1 of 9 (permalink) Old 07-02-2008, 03:17 PM Thread Starter
11-05-09
 
Osiris's Avatar
 
Join Date: Feb 2002
Location: Oh- sai- rus.
Posts: 21,428
Exclamation DOW down 166.75 Points so far.

Yay for a booming economy!
Osiris is offline  
Sponsored Links
Advertisement
 
post #2 of 9 (permalink) Old 07-02-2008, 03:26 PM
Custom User Title
 
silvercobra03's Avatar
 
Join Date: Mar 2005
Location: Dallas
Posts: 2,985
Quote:
Originally Posted by Osiris
Yay for a booming economy!

Quote:
Originally Posted by FreightTrain
Maybe we need another war to jump start this economy and keep the good times rolling. Well at least for another 3 to 5 years lol.
This seems like a good idea!

Quote:
Originally Posted by Sean88gt View Post
I'd fuck her and confess my love while using my wife as the mattress.
silvercobra03 is offline  
post #3 of 9 (permalink) Old 07-02-2008, 03:29 PM
T-MINUS
 
Sean88gt's Avatar
 
Join Date: Sep 2000
Posts: 28,540
Quote:
Originally Posted by silvercobra03
This seems like a good idea!
Attack China, take them over, forgive our own debt and continue to supply Walmart with cheap shit to sell.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


Sean88gt is offline  
 
post #4 of 9 (permalink) Old 07-02-2008, 03:34 PM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
They are shooting the generals now (large cap stocks) which is typical end game action. Starting to nibble long at the moment.
01WhiteCobra is offline  
post #5 of 9 (permalink) Old 07-02-2008, 03:38 PM
Token Union Member
 
Join Date: Aug 2002
Location: texas
Posts: 2,912
10k here we come.

TRAIN TRASH it's like WHITE TRASH but with money.

My other vehicle is a Locomotive.

Don't cupple up without protection.
FreightTrain is offline  
post #6 of 9 (permalink) Old 07-03-2008, 02:37 AM
Factory Issue
 
Yale's Avatar
 
Join Date: Sep 2003
Location: Shippensburg, PA
Posts: 12,295
Quote:
Originally Posted by 01WhiteCobra
They are shooting the generals now (large cap stocks) which is typical end game action. Starting to nibble long at the moment.
I've been quietly re-weighting my 401k to a higher percentage of indexes, to build a net-short position. It will only work out in the long run, and that serves me then, and keeps me from being tempted to touch it anytime soon (not bloody likely, anyway).

Give me a dollar.
Yale is offline  
post #7 of 9 (permalink) Old 07-03-2008, 01:48 PM
Married Man on 14Feb2010
 
TexasDevilDog's Avatar
 
Join Date: Jul 2001
Location: Fort Worth, Texas (North Side)
Posts: 14,140
Quote:
Originally Posted by 01WhiteCobra
They are shooting the generals now (large cap stocks) which is typical end game action. Starting to nibble long at the moment.
I don't agree. The market can not have the biggest credit collapse in 80 years with a 20% correction over 8 months. Unemployment is still going up, people are falling behind on car loans, credit cards, LA had $5 billion in mortgage go bad last month. The deflaitionary unwinding of the credit will make the economy much worse. Many people are still calling for a second half recovery. Isn't going to happen. The FED is pumping the broken balloon as fast as possible but all the reckoning is still going to happen, just slower and prolonged. Japan's credit bubble burst and their real estate prices only fell for 16 years.
TexasDevilDog is offline  
post #8 of 9 (permalink) Old 07-03-2008, 01:59 PM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Quote:
Originally Posted by TexasDevilDog
I don't agree. The market can not have the biggest credit collapse in 80 years with a 20% correction over 8 months. Unemployment is still going up, people are falling behind on car loans, credit cards, LA had $5 billion in mortgage go bad last month. The deflaitionary unwinding of the credit will make the economy much worse. Many people are still calling for a second half recovery. Isn't going to happen. The FED is pumping the broken balloon as fast as possible but all the reckoning is still going to happen, just slower and prolonged. Japan's credit bubble burst and their real estate prices only fell for 16 years.
Certainly you can disagree and that is your pejorative but I'll go with history at this point.

I didn't say it was a second half recovery but as I pointed out there is a very good probability that there is a traded buy in the coming weeks similar to January's tradeable rally to the upside.

Stock market != Economy

I think we're about a 1/3 of the way through the unwinding. I still think you can look for a +10% drop in the S&P 500 but it doesn't mean there aren't tradeable swings to the upside.

I won't be purchasing long term risk until I see a break in oil and the financials improve.
01WhiteCobra is offline  
post #9 of 9 (permalink) Old 07-03-2008, 02:59 PM
Married Man on 14Feb2010
 
TexasDevilDog's Avatar
 
Join Date: Jul 2001
Location: Fort Worth, Texas (North Side)
Posts: 14,140
I am not a trader. I invest with the business cycles, minimizing exposer to declining markets and invest when the business cycle turns positive. I got out of the market in the beginning of the year and will probably be sitting in the money market for the remainder of the year.

I got a little past the peak this time. In 2000, I got out a little early. I can't time the larger trends, I am surely not going to try to time the smaller trends.
TexasDevilDog is offline  
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DFWstangs Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome