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8/8 Stock Market thread *EDIT* Lets watch what happens 8/9 now

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Jeffg010 said:
Don't get to excited this wild ride could be a sign of things to come but what do I know.
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Definitely. I want to just throw it all in, but it could drop 400 points tomorrow for all we know. That once Fed statement managed to cause a 300-400 point drop.
 
What I don't get is the feds say that the economy is crappy and are going to keep interest rate near zero for 2 years and the market jumps 400 point. 😵
 
It's difficult to predict what will happen. The dip and the rally at the very end was triggered by the fed statement. I'm sure market is excited to hear that rates will remain low for the next two years, yes, two years until mid 2013. However, that also means that fed think economy will flail for the next two years. 10 year yield, despite the end of day rally, went down 16 basis points meaning investors are seeking safe heaven. From today's report productivity went down (although not as much as expected), and percentage of people employed as a ratio to total population is still at all time low of 58 percent. I think this rally will be short lived and long term trend is markets will either stay in limbo or go down.
 
dmcowen674 said:
What part about the Monopoly game do you not understand?

Didn't you ever play it as a kid?
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This stuff is way over your head, dmcowen, stop posting (you're retarded).

As mentioned, this stock rally is not compatible with the bond yields shrinking today. They cannot act in concert and one of them is wrong. My guess it's the stock market.
 
fleshconsumed said:
It's difficult to predict what will happen. The dip and the rally at the very end was triggered by the fed statement. I'm sure market is excited to hear that rates will remain low for the next two years, yes, two years until mid 2013. However, that also means that fed think economy will flail for the next two years. 10 year yield, despite the end of day rally, went down 16 basis points meaning investors are seeking safe heaven. From today's report productivity went down (although not as much as expected), and percentage of people employed as a ratio to total population is still at all time low of 58 percent. I think this rally will be short lived and long term trend is markets will either stay in limbo or go down.
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My guess is that a lot of people saw the 5%, 10%, etc. gains today and wanted to re-enter. But why re-enter when it's already 10% up? Suddenly, there's a huge dip from panic sellers due to Fed statement, so everyone jumps in at once.

Market is just stupid right now. I'm personally expecting a huge drop tomorrow from profit-taking. If not, I put a little bit more in.
 
Originally Posted by dmcowen674
You obviously didn't love it enough or you would be here.

I agree why would you come here for a 1/3 of the pay?

What country are you posting from?


RbSX said:
You can't mistake love for logic, it wasn't (and still isn't) a good choice. Myself, and a lot of other people saw another economic collapse coming, and I am disconnected enough to know that moving to a country on the verge of another economic collapse is a bad idea.
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You didn't answer the question? Ashamed of what country you are in?
 
fleshconsumed said:
It's difficult to predict what will happen.

percentage of people employed as a ratio to total population is still at all time low of 58 percent.

I think this rally will be short lived and long term trend is markets will either stay in limbo or go down.
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There are a few constants:

More people will be unemployed

Oil/Gas

Rich will get richer
 
Jeffg010 said:
What I don't get is the feds say that the economy is crappy and are going to keep interest rate near zero for 2 years and the market jumps 400 point. 😵
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Low interest rates = cheap loans
Cheap loans used to borrow money to invest
More money invested later
People realize this, want to get in for when others bring market up more
 
I'll be holding my long positions on the stocks I felt were at bargain basement prices yesterday. Seemed to do well with more than 5% return on the day with a lot of upside potential.
 
Discover has much better rates, actually. But even if you crack a 20% interest rate on your credit card it's not actually 20% of your total balance, it's 20% of your daily average balance that month. So your 20% CC interest rate on, say, a $3000 balance is actually 20% x $100 ($3000/30 days), which is $20 in finance charges per month or $240/yr in interest if you carry that same $3000 all year. But that's a pretty high interest rate, you can easily get sub 15% rates (or 10% with Discover, just not as much credit). Paying a couple hundred a year to finance $3000 isn't the end of the world.

Of course, that's why you should never carry balances on CC's for too long, after a year I usually apply for another card with an introductory offer of 0% APR's for between 6-18 months and pay off the remaining balance on the CC's whose interest rates are about to move to double digits from the 0% interest introductory period. Switching cards every year really is the way to go if you're disciplined about your finances, and as long as you're not applying for cards on a monthly basis it won't negatively affect your FICA score.
 
DaveSimmons said:
Why carry a balance at all? Live within your means, and never worry about scoring the next low-interest transfer.
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werepossum said:
This.
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Because getting money at 0% is fucking sweet?

Yesterday while you all were nail biting your stock moves I snagged a 5.1 set of dorrough meters for 30% of their value. Should I of not purchased them and put it on my credit card? I have the cash but why not put it on credit? I have no debt.
 
JSt0rm said:
Because getting money at 0% is fucking sweet?

Yesterday while you all were nail biting your stock moves I snagged a 5.1 set of dorrough meters for 30% of their value. Should I of not purchased them and put it on my credit card? I have the cash but why not put it on credit? I have no debt.
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I'm confused. Are you going to carry the balance or not?
 
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