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***Official*** 2011 Stock Market Thread

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Tempted to buy, but it's Saturday in Europe already. Gubment initiated yesterday's sell-off apparently, so I'm wary as to what gubment will do Monday.
 
Aharami said:
where are you getting this from?
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News and commentators: some European banking committee or whatnot were trying to throw money somewhere yesterday. It made it look like Europe (now with Italy and Spain's troubles getting worse) was in a lot more trouble than people thought, hence the panic sell off.

Japan also threw money somewhere.
 
lothar said:
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.
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Good thinking, because it earned you money, but screwed 90% of the American population by increasing the cost of living and put our debt in danger of higher interest rates which would strain the tax payer, we should do it....because it made you money.

You will come out short in the long run because of QE because it only harms the US economy. Keynesian does not work.
 
SunnyD said:
Watch, it'll close pretty much flat. Then come monday morning it will open down 150 points.
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Close up 60 points. The stuff I sold yesterday went down 2.2%, 4% and 1%. The 4% one comprised 1/3 of my portfolio, so feeling better about liquidating yesterday. Come on Monday...
 
Imp said:
Close up 60 points. The stuff I sold yesterday went down 2.2%, 4% and 1%. The 4% one comprised 1/3 of my portfolio, so feeling better about liquidating yesterday. Come on Monday...
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Better than I expected. Still, expecting a general downward trend for the next 6 months at minimum. I'm watching BAC with glee right now... I may be buying for the long haul here soon. Trying to atone for the mistake of not picking up C in the last round...
 
dullard said:
Hey, it worked quite well in the late 1930s!
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The last decade of easy money hasnt helped anything. It created a speculative housing bubble at its worst got us in debt to our eyeballs.

Its time to pay the piper and reduce government spending to no more than what we bring in. Period.
 
So what can we expect Monday?

Apparently higher interest rates on the way, so higher borrowing costs, higher everything, so even more gimped economy.

Would the US$ tank or go up considering how shitty everyone else in the West is?
 
I'm in the long haul, and yesterday's break was something I was looking for. Pumped 10G into indexes. By all indicators, including GDP and others, S&P is substantiated to 1450 levels or so. At present levels it's over-corrected, but at the start of the week there wasn't much room to grow towards the end of the year. So I was looking for a market weakness, and here it is.

I believe, indexes will rectify themselves towards the end of the month.
 
paulney said:
I'm in the long haul, and yesterday's break was something I was looking for. Pumped 10G into indexes. By all indicators, including GDP and others, S&P is substantiated to 1450 levels or so. At present levels it's over-corrected, but at the start of the week there wasn't much room to grow towards the end of the year. So I was looking for a market weakness, and here it is.

I believe, indexes will rectify themselves towards the end of the month.
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But if you waited till next week, you'd probably have made 10+% more🙂.
 
When do the Asian markets open? That will be interesting.

Oh, apparently they just did. Nikkei down 1.4%, not too bad.
 
paulney said:
I'm in the long haul, and yesterday's break was something I was looking for. Pumped 10G into indexes. By all indicators, including GDP and others, S&P is substantiated to 1450 levels or so. At present levels it's over-corrected, but at the start of the week there wasn't much room to grow towards the end of the year. So I was looking for a market weakness, and here it is.

I believe, indexes will rectify themselves towards the end of the month.
Click to expand...
Not everyone agrees.
 
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