Posted on 01/22/2008 5:03:46 AM PST by al baby
Checking some of my stocks to find 1 with a huge glimmer of hope/stability. It was one I was thinking of dumping this week if things get as sloppy as they say...changed my mind to hold and potentially buy near the end of the week.
Glad I didn’t panic and make a rash decision. I’ve ridden things out before and it looks like I’ve got a few decent picks...solid and stable inspite tough times.
“markets all around the world. additionally, us stock futures start trading earlier.”
Yes, but what do the futures consist of? In other words, if the nite before last on-line, I put in to sell x amount of share of a stock I own, and the markets didn’t open until this morning (Tuesday), are my shares I’m selling considered a future, as they were a pending sale until this morning? What is considered a future?
“”The 75 basis point rate cut is fine but we still need our $800/$1600 stimulus package 10% flat tax rate for all.””
I’ll take the $800/$1600 package for now...its an election year and no one is going to come up with any meaningful; long-term economic solution. The good thing about the $800/$1600 package is that it helps to train the people that getting tax money back from the government is a better economic solution than tax & spend.
The Prime Rate should go down to 1.5 - 1.75%, I truly believe...
Even with the fed cuts if it doesn’t drop or correct itself now when will it then?
a future is a separate contract, related to a stock index as a whole, not to individual shares.
Thanks for starting this thread. I thought we needed one today to follow the happenings. A lot is at stake.
I think, that by the end of the day, your beeber will be stuned.
I didn't think so either.
But then I thought about all the people who will get margin calls if the market drops precipitously. Maybe this is one of the main reasons they dropped the rate this morning...to try to avoid this.
800/1600 would be nice, but...
We need lower corporate tax rates, they have been coming down all over the world, except the in US. Except for the weak US dollar, there is no incentive to invest here now.
Based on what I’ve seen in the last half hour, CNBC will find every permabull from the last year and give them uninterrupted segments, one after another, all day long.
There is absolute denial so far this morning that there is something out of the ordinary here, both today and in the past two weeks. “Today U.S. stocks are on sale”, “we’re due for a bounce and it will be a big one”, “we’ve seen this before, think about LTCM”, etc.
Never mind my earlier post about futures getting back to lows by the close; the way they’re steadily dribbling away since the initial spike up, they might make the round trip before we even open. And if that happens, it’s 1000 points off the DJII by the end of the day.
OMG Joe Kernan just asked Cramer about “the steady hand of the Fed”!
Joe Kernen was on a cigarette break when they were handing out brains
“”800/1600 would be nice, but...
We need lower corporate tax rates, they have been coming down all over the world, except the in US. Except for the weak US dollar, there is no incentive to invest here now.””
You are technically correect, but its an election year and no one is going to pass anything meaningful. Also, the left wing hates corporations, so the Democrats won’t agree to corprate tax rate cuts at this time. They still are unpopular with the left because they haven’t stopped the Iraq War.
Those on this forum and elsewhere that seriously believe the liberals or any other political group can control the markets are nutso. To the extent tax cuts and increases can do so they are right, but that is minimal compared to actual events occurring in the market place such as earnings, which in the end determines market movement.
Although many individuals are invested in the markets the overall impact of the individual investor who may panic in the face of bad news is dwarfed by the big boys who will see value where others see only straight down for a s long as can be imagined. It was Nathan Rothchild who said “The time to buy equities is when the blood is running in the street”
Put on the waders and jump on in, the time is right.
best thing about the Bear Market has been watching that psychotic puke Cramer lose money (and his mind)
Carolyn
Listening to CNBC- I get the sense they’re just going in circles.
and don’t forget momentum. With long bull trends in place a lot of people buy what’s going up, meaning its value gets even further out of kilter, which means that when it returns to fair value a lot of people get hurt.
Futures Dow Jones Industrials -283.00
Were down -525 earlier this morning
283 still ugly, but I can take it. 500 starts looking like an honest to go crash, and probably would have brought out retail sellers in panic mode
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