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#90
by
marty22
on 30 Sep, 2008 08:31
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the bailout helps the candidacy of Obama
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#91
by
Tyler
on 30 Sep, 2008 12:16
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the bailout helps the candidacy of Obama
I'm really sure that there's no fact behind that statement. I'd retort, but politics is not allowed here.
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#92
by
slyinglide
on 30 Sep, 2008 14:07
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So the stock market fell 777 points yesterday after they killed the bail-out bill. Now the market has recovered as of about 11:30 am Pacific time to about 440 points. I have my opinion about this, but could one of you financial wizards explain it? I would think that it would fall further. I was not expecting this.
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#93
by
Robmeister
on 30 Sep, 2008 16:47
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I am NOT a financial wizard by any stretch but we can pick up clues by the following headlines today (see underlined):
Stocks rallied today as investors scooped up shares battered in the bloodletting that followed Congress' failure to pass a $700 billion bank rescue plan.....
And
Stocks rallied Tuesday, with the Dow jumping 485 points on bets that Congress will pass a version of the government's $700 billion package, following Monday's crushing defeat.
So stocks tumbled yesterday.....but there was/is still hope of a bailout, meaning expectation of stocks rallying. At the opening of the market, the ol' "BUY LOW / SELL HIGH" kicks in. Hence their, scooping up battered shares
Had there not been talk about a "new version" and the bill was perceived to have been permanently killed.....the market would tend to continue downward as investors keep their distance.
That's my non-wizard, 9-years-in-the-industry take on it.
The market tends to move as Wallstreet expects or fears it will move.....but ironically, it is Wallstreet's action based on those fears/expectation that ultimately FULFILLS those fears/expectations.
If Wallstreet fears an event will cause a "tumble" in stocks....it is their selling off shares that actually causes the "tumble."
Conversely, If W.S. expects an event will cause a rallying, it is their scooping up shares that actually causes the rally.
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#94
by
andrew
on 30 Sep, 2008 19:15
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As of present, the market seems to be driven by the presence or absence of "the bailout". IMO, if "the bailout" passes and proves ineffective, I think we'll see some drops like none before.
Short-term credit availability is already getting tight, and inventories (or the lack thereof) will begin to show the affects of this soon unless some kind of solution arrives.
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#95
by
GASlick
on 01 Oct, 2008 16:50
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I repeat my previous post:
buy! BUY! BUY!!!!!
I've gotten some great stocks at bargain basement prices! I am currently in the black. Everytime it dips, I buy some more. I've been buying two companies in particular. Have picked up several hundred shares of each that I normally would not have been able to afford.
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#96
by
andrew
on 01 Oct, 2008 17:13
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I repeat my previous post:
buy! BUY! BUY!!!!!
I've gotten some great stocks at bargain basement prices! I am currently in the black. Everytime it dips, I buy some more. I've been buying two companies in particular. Have picked up several hundred shares of each that I normally would not have been able to afford.
The contrarian strikes again. I'm not selling but still not buying. I just have this feeling that the worst is yet to come ...
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#97
by
GASlick
on 01 Oct, 2008 17:17
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Honestly, I'm not sure either Andrew. I'm just taking an educated guess.
The stock market is so unpredictable all you can do is just follow your gut. I do have limits on my account though. Certain stocks are to be sold at certain price points offering some degree of protection.
Picked up some more Monday. It was like the clearance rack at Target.
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#98
by
HeadbladerBob
on 27 Oct, 2008 09:45
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I was totally against it because the CEOs make more money than I can ever imagine and they have to be held liable for his or her mistakes. The tax payers should not have to bail them out.
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#99
by
JustColorado
on 27 Oct, 2008 19:11
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20 years in the market. has taught me that stocks that are sinking
usually go much lower than you ever imagined they would go.
.........but
Yeah I am buying too.
They Led me to the Traw
Last week I bought a few stocks
I guess I am about 10 or 15% invested the rest on the side
A lot of valuations look good here
but I doubt we will have good rebounds any time soon.
In 2001, 1 year after the Tech bubble burst,
I made the mistake of jumping back in too soon
it took 3 and a half years for those stocks to start going up again.
I am really not sure how long this will take to wash out
So I am cautiously buying.