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Don't blink

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  • Don't blink

    I just had to take a copy of this and see it in review, this is the DOW as of 3:30 pm, with an hour to go.
    At one point it was well over 100 points in the negative, then it surged up, then back down.
    After loosing 504 Tuesday, then 370 on Wednesday, today was an absolute rollercoaster ride.
    It was at +425, right now it's lingering at around +350....no, wait, it just went up to +438.

    I'd have to wager this is one of the the most volatile days in the history of the DOW.

  • #2
    Re: Don't blink

    The Dow 30 is also changing to drop AIG and add Kraft.

    Comment


    • #3
      Re: Don't blink

      The DOW means pretty much nothing. Just something to talk about. It's buying time!

      J.C.

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      • #4
        Re: Don't blink

        I've already made my donations, I mean investments in the stock market. If I cashed out today I would be down 90% from what I put in a few years ago. I am not going to make any more CEO's rich with their millions in salaries and buyouts. I hope none of you here were hurt too bad by these recent events.

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        • #5
          Re: Don't blink

          I stick by my statement.

          J.C.

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          • #6
            Re: Don't blink

            Frankiarm

            our reps for the 401 k have been aying for 10 years that this year the stock market will make money. i have seen way more years than jc and i do mean that respecfully. he can buy if he wants to, but i say the hell with buying! maybe a new president can help. i dont know?

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            • #7
              Re: Don't blink

              Originally posted by levon View Post
              Frankiarm

              our reps for the 401 k have been aying for 10 years that this year the stock market will make money. i have seen way more years than jc and i do mean that respecfully. he can buy if he wants to, but i say the hell with buying! maybe a new president can help. i dont know?
              Levon, JC may be right I don't know. I guess that since stocks are down due to fear, there are bargains out there and money to be made. I can only speak for myself and my experience has be nothing but negative. I have very little money left, I'm only sorry I did not get out last year.
              P.S. Please be careful not to mention politics. Thank you.

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              • #8
                Re: Don't blink

                Frankiarmz

                i too have lost in my 401k for many years. there must be some deals if you pick ther right ones, but it seems like a crapshoot. and i didnt mean it politically , it seems the economy picks up with a new administration, whichever party comes into power. i hope it will make a big comeback, people need their savings.

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                • #9
                  Re: Don't blink

                  There are some fundamental truths to the stock market:
                  - Anyone who tells you they know how to make more money than the market is lying. If they knew, they would apply it and make the money rather than tell you (because telling you would eliminate their ability to make money).
                  - Anyone who tells you that they know the direction of the market is lying.
                  Basically, thinking you know more than the market is hubris.

                  Also right now the only times the S&P has lost money is if you bought roughly between:
                  - August 2006 and now
                  - January 1999 and July 2001.
                  Any other time you should be breaking even or coming out ahead.

                  Comment


                  • #10
                    Re: Don't blink

                    Originally posted by cpw View Post
                    There are some fundamental truths to the stock market:
                    - Anyone who tells you they know how to make more money than the market is lying. If they knew, they would apply it and make the money rather than tell you (because telling you would eliminate their ability to make money).
                    - Anyone who tells you that they know the direction of the market is lying.
                    Basically, thinking you know more than the market is hubris.

                    Also right now the only times the S&P has lost money is if you bought roughly between:
                    - August 2006 and now
                    - January 1999 and July 2001.
                    Any other time you should be breaking even or coming out ahead.
                    Right on the money.

                    J.C.

                    Comment


                    • #11
                      Re: More Free Stock & Option Trading Software

                      Originally posted by PCPlumber
                      I do have a strategy that earns $180,000 to $200,000 every year. The risk is minimal. Of course, nobody will believe me.
                      I think you're right about that.

                      I have a tenant who uses this strategy and this is what he earns every year. He shorts index futures. That means, he sells the futures he does not own and when the index drops he earns a profit. As the index rises. he shorts the index at specific intervals. Eventually, the market ALWAYS comes down, and he capitalizes.
                      Any strategy like that assumes that you'll win before you run out of money. That is why casinos have limits; so you artificially run out of money before they do. The stock market doesn't need artificial limits; because you will run out of money before the market.

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                      • #12
                        Re: Don't blink

                        Why does Jack remind me of Bob Dole?

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