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***Official*** 2011 Stock Market Thread

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Ugh.. Asian markets getting raped.

Here's to a continuation of fear and devaluation of equities for a nice insanely low entry. Cheers.
 
Ben Bernanke needs to do QE3, fast.
My elephant gun is almost fully loaded. I haven't bought anything at all since February(PDLI) and June(CRWS).

I hope no one here owns any commodity stocks including precious metals.
Nothing is immune in this market.
 
lothar said:
Ben Bernanke needs to do QE3, fast.
My elephant gun is almost fully loaded. I haven't bought anything at all since February(PDLI) and June(CRWS).

I hope no one here owns any commodity stocks including precious metals.
Nothing is immune in this market.
Click to expand...

Good luck with QE3 with Tea Party involved.

Bought oil (SU) on Monday. Sold oil today at -15%. Company is solid, so if I wanted to hold on for a few years, it would have recovered easily and I would have profited, but lot more down possible. Dropped 6% today alone.
 
Overseas market is also in a sea of red. Hang Seng Index also fell 5% in one day. We lost about 5% last week. Just today we lost 5%. Accelerated selloff, market confidence has gone down the shitter.

Whoever has the balls to load up on calls is a big time gambler.
 
lothar said:
Ben Bernanke needs to do QE3, fast.
Click to expand...

QE1 and QE2 didn't do anything, what makes you think another round of inflation creation is going to stimulate the economy.

There is only one thing that will fix the economy; for the US to lower it's spending, particularly on defense spending and lower it's debt.

It took years and years for this bubble to build up and break and it will take years for it to heal. You cannot heal a cut in a week. There are no short cuts in fixing a recession. The country will have to wait it out.

Politicians have you brainwashed into thinking this can be fixed with a few quick monetary/political moves. Wrong, you have to wait it out.

Don't fall for the politicians bribes.
 
Saw that Kraft is going to be splitting into 2. How does that usually affect stock for a company that size? Is it typically better to buy more before the split or after? Today it opened up 5% before getting hammered with everything else.
 
I never really understood why DNDN got so high in the first place. 6 billion market cap with no current earnings, and banked on a drug that cost 93k that gave suffering cancer patients a whole 4 months more to live, if that. FDA and SEC screwed a lot of people on this one, including the tax payers who would of had to shell out 93k per person on medicade.
 
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It might be time to dump and wait it out. I been in SIRI for 1 and a half years and did pretty good. At one point I was up over double and it was looking good for me to get to triple but not now.

Last crash ford got all the way down $2.00 and went to $14.00 I could have kicked myself for missing out on that one as I was watching ford told myself that it was going to go lower and then took off and I never jumped in.
 
Today's surprisingly a good day for me! Put in most of my UK savings into Barclays and Lloyds on the LSE. I'm up 11% in 6 hours of market hours so far, and expect to hit 20% by next week when I sell them off.
 
Jeffg010 said:
It might be time to dump and wait it out. I been in SIRI for 1 and a half years and did pretty good. At one point I was up over double and it was looking good for me to get to triple but not now.

Last crash ford got all the way down $2.00 and went to $14.00 I could have kicked myself for missing out on that one as I was watching ford told myself that it was going to go lower and then took off and I never jumped in.
Click to expand...

And AMD when it was 2-3 dollars a share.
 
I bailed out on SIRI already down 2.5% no stocks for me until this all settled.

Although my 401k is going to take a beating D:
 
Engineer said:
Well, the bottom sure fell out of that quick. Might just well be a 6% down with the tone of this market!!! 🙁
Click to expand...

Remember: it was down only 3% until 2pm-ish. Then it hit 4%, and the bottom just fell out when it hit 5% in the last half-hour.

It's a long trading day...

I'm still 1/6 in, but it's in my Tax-Free Savings Account, so no claim on capital losses. I'll hold that one long.
 
JMapleton said:
QE1 and QE2 didn't do anything, what makes you think another round of inflation creation is going to stimulate the economy.

There is only one thing that will fix the economy; for the US to lower it's spending, particularly on defense spending and lower it's debt.

It took years and years for this bubble to build up and break and it will take years for it to heal. You cannot heal a cut in a week. There are no short cuts in fixing a recession. The country will have to wait it out.

Politicians have you brainwashed into thinking this can be fixed with a few quick monetary/political moves. Wrong, you have to wait it out.

Don't fall for the politicians bribes.
Click to expand...
Who cares if it fixes the problem or not?
QE1 earned me money, QE2 earned me money, and QE3 will probably earn me money as well if it is ever implemented.

I'll gladly take the free money Ben Bernanke is throwing around.
QE1 and QE2's main effect shifted people from safer assets like cash/treasuries to riskier assets such stocks.
If I kept prodding my feet saying that "it doesn't solve the problem" while staying in cash or hiding money under my mattress, I wouldn't have earned money from ACF and AXP 2 years ago, and the energy companies I invested in last year.
 
i know you're not supposed to sell now, but i decided to sell 1/4 of my UNH portfolio because 1) I wanted to free up some cash for further investing in other stocks if/when prices dip lower, and 2)these shares were long term holds purchased thru my company's ESPP, and I wanted to lock in some profits before prices dip further. Ideally, I should have sold everything last week...but oh well. At least I get dividends from UNH and V
 
story of my life. I sell and the market goes crashing up. I should do you guys all a favor and tell you when I sell something. And that's when you invest! hah
 
It's not over until 4pm...

BAC and C would have been a nice play. It was down 9% an hour ago, now it's down 3%, so potential 6% inter-day pop.

Dow's up now.
 
Aharami said:
story of my life. I sell and the market goes crashing up. I should do you guys all a favor and tell you when I sell something. And that's when you invest! hah
Click to expand...

You're going to see this a LOT over the next few months. There's going to be a lot of people hanging on the bad-day news, waiting for the huge drops to buy, then it's going to turn around at that activity, go up. End of the day you're going to see profit taking which will spill over into tomorrow's open, and the cycle will repeat itself over and over.

Thing to remember is that the general direction you can expect over the next 6-12 months is going to be down. Long term positions are going to hurt. Short term/day trades are where the temporary money is going to be made until something breaks (badly).

edit: Profit takers are already hitting. Dow just shaved off 100 points in the last 5 minutes.

edit2: 1st round of profit takers are done... we're going back up again.
 
Wow this is nutty but when you see such swings it tends to be bad. I don't think this is over by a long shot.


I just saw SunnyD post and agree. The longs are going to take a bad hit and shorts are were it is going to be at and I don't have time or the heart to play short.
 
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