Capt Caveman
Lifer
- Jan 30, 2005
- 34,543
- 651
- 126
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
and could be worthless (stockwise) as the government looks at taking them both over.
Oil soaring up $6.xx per barrel to reach $147.50+ before retreating back to $146.xx.
Market down nearly 200 (near the 10,999 level) before rising a little and now down around 100 near the 11,100 level.
Edit (within 1 minute of posting the above): Paulson statement dropped the market 200 as the government is not looking at any sort of bailout for Freddie/Fannie any time soon.
i though GKK had hit the bottom at 14.50 and bought in that that.... lost a 30% already since then. Not a happy camper, but i did get the 63 cent dividend that was issued.
I'm buying into FMD at 2.19, hoping that it will recover to 4ish or so then I'll dump it!
I'm buying into FMD at 2.19, hoping that it will recover to 4ish or so then I'll dump it!
Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Not sure. Most of us piss-ants can get a 50% margin at best while banks can have 50 to 1. I guess it's the same for commodities traders who only have a 5% margin requirement.
For people who know history (far more than me), is this similar to other downturns or does it have deeper ramifications (i.e. like the 20's for example)? I guess the reason I ask is that we constantly see comparisons to the 20's...i.e. the biggest concentration of wealth since the 20's for example.
MCD is where the dumb and/or poor are duped into buying overpriced offal. Edjumacated and/or wealthier folks realize that and instead buy real food for less -particularly from independent ethnic establishments, if not make their own. Walmart sells a mix of major brands (which may or may not be desirable) and outright junk. COST, on the contary, also sells major brands with the same stipulation but not junk (outside of the usual consumer culture/affluenza caveats).
Furthermore, its appeal is primarily not in pinching pennies as MCD and WMT aficionados often falsely think they are, but rather enables those with ample cash and storage space to load up on more provisions at once while avoiding the high margins on small quantities. Indeed, that is 'nutha contributor to the swinish masses remaining poor -they are fixated on brands due to television advertising and pay a premium not only for them but also the small packages they can "afford" subsisting cheque to cheque.
Years ago, perhaps, there was some cross-over of COST customers to WMT (but not the reverse) however I posit they are increasingly disillusioned with the latter due not only to shoddy quality and atmos but a general dislike for the corporation's modus operandi.
Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
Here's the investing term of the day:
Capitulation
What does it Mean? A military term. Capitulation refers to surrendering or giving up.
In the stock market, capitulation is associated with "giving up" any previous gains in stock price as investors sell equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.
After capitulation selling, it is thought that there are great bargains to be had. The belief is that everyone who wants to get out of a stock, for any reason (including forced selling due to margin calls), has sold. The price should then, theoretically, reverse or bounce off the lows. In other words, some investors believe that true capitulation is the sign of a bottom.
It might be coming on Monday.
I wonder if it'll be Black Monday II
Capitulation
What does it Mean? A military term. Capitulation refers to surrendering or giving up.
In the stock market, capitulation is associated with "giving up" any previous gains in stock price as investors sell equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.
After capitulation selling, it is thought that there are great bargains to be had. The belief is that everyone who wants to get out of a stock, for any reason (including forced selling due to margin calls), has sold. The price should then, theoretically, reverse or bounce off the lows. In other words, some investors believe that true capitulation is the sign of a bottom.
It might be coming on Monday.
I wonder if it'll be Black Monday II
Deutche Telekom AG (ADR) stock - any good? It's thinly traded at 1.3X million shares, with the latest dividend payout of $1.28 or 6.67% in May. The recent news put the stock price in very good reaction, very predictable trends on fundamentals. Solid growth ahead for T-Mobile.
http://finance.google.com/finance?q=DT
http://finance.yahoo.com/q?s=DT
http://finance.google.com/finance?q=DT
http://finance.yahoo.com/q?s=DT
One of my friends had half a million there...I told him on Wednesday to pull the money out (basically threatened him), he pulled it on Thursday. He should buy me lunch.
Those of you with money at Citibank, Wachovia or Wamu...beware.
Seems to me that a deal for just Yahoo's search business would cripple Yahoo in the long term. It'd be like selling the heart of the beast and thinking that the beast could remain alive.
Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
Me too.
I'm positioned to take advantage of it, but it's still a roller coaster ride, and it affects me in other ways, like a decline in my purchasing power, job security, etc...
I demand dmcowen update this thread for us to give his personal opinion of the doom of the markets
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