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Buy Gpro now!

If economy does start crashing there's not a lot of tools left in the bag to deal with it.
Hope it doesn't happen, I'd hate having to listen to Peter Schiff bragging about how he was right.
 
Blankpage said:
I kind of hope it is like 08/09, remember Ford and BOA for a buck a share.
That was a killer buying opportunity and I've got cash on the sidelines.
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Ask the people who had GM. I was one of them.

People seem to have short memories....
 
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when facing a large wave you have mis-timed, you must swim far faster than you will be able to up the face of the wave and over the top, or dive and grab the sand below if you do not wish to get crushed and broken. The wave doesn't care what you do...the error was yours.
ancient Chinese proverb I just made up..
 
channelcat said:
when facing a large wave you have mis-timed, you must swim far faster than you will be able to up the face of the wave and over the top, or dive and grab the sand below if you do not wish to get crushed and broken. The wave doesn't care what you do...the error was yours.
ancient Chinese proverb I just made up..
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put the bong down :laughing
 
I am fortunate to have been around in the industry to talk with clients through 2008.

Retail investors always seem to have extremely short term memory.

In the fall of 08, equities had already fallen well below their peaks and financial institutions were crashing and burning. WAMU... Wachovia... AIG... Lehman Bros etc. The entire credit market came to stand still.

Looking at the 08 dow on this very day, it fell almost 800 points in ONE day. It had 500-600 point hits multiple times.

This is more like 2011. The year started off well and dipped in the summer. Remember all the uproar when S&P downgraded the U.S. credit rating? The rest of the year remained volatile and all the gains were taken away. The bull market still stayed.
 
October isn't usually a good month anyway. Historically, "most" of the market's gains occur from Nov thru April. That's just on average, of course.

The US economy has some good numbers behind it.......employment, orders, growth, most numbers are looking good. It's the whole global deflation worry that's the big question. Everyone's worried about China, Europe, and declining oil prices. I increased the commodity portion of my portfolio a few weeks ago because I thought it had declined to a good value.......but it keeps declining. :wtf Inflation what? Not in the near future.
 
f=ma said:
Ask the people who had GM. I was one of them.

People seem to have short memories....
Click to expand...

My short memory remembers that GM was a shite company that Ford got lumped in with. The fear was that GM going down would kill the parts suppliers. Ford never needed or asked for a bailout.

If you held GM all the way to the bottom than you saw something no one else did.
 
Reli said:
October isn't usually a good month anyway. Historically, "most" of the market's gains occur from Nov thru April. That's just on average, of course.

The US economy has some good numbers behind it.......employment, orders, growth, most numbers are looking good. It's the whole global deflation worry that's the big question. Everyone's worried about China, Europe, and declining oil prices. I increased the commodity portion of my portfolio a few weeks ago because I thought it had declined to a good value.......but it keeps declining. :wtf Inflation what? Not in the near future.
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My reasoning exactly for holding the REITS. If the managers were bright, they didn't over hedge against rising rates. Rates rise to check inflation..no inflation, ta-dah! no rising rates.
we'll see. It's still all a crapshoot.
 
SNsMoto said:
I am fortunate to have been around in the industry to talk with clients through 2008.

Retail investors always seem to have extremely short term memory.

In the fall of 08, equities had already fallen well below their peaks and financial institutions were crashing and burning. WAMU... Wachovia... AIG... Lehman Bros etc. The entire credit market came to stand still.

Looking at the 08 dow on this very day, it fell almost 800 points in ONE day. It had 500-600 point hits multiple times.

This is more like 2011. The year started off well and dipped in the summer. Remember all the uproar when S&P downgraded the U.S. credit rating? The rest of the year remained volatile and all the gains were taken away. The bull market still stayed.
Click to expand...

The Market is not an accurate barometer of a healthy economy. The Market is a hustle. Wasn't supposed to be that way, but thats what it is.
 
Reli said:
October isn't usually a good month anyway. Historically, "most" of the market's gains occur from Nov thru April. That's just on average, of course.

The US economy has some good numbers behind it.......employment, orders, growth, most numbers are looking good. It's the whole global deflation worry that's the big question. Everyone's worried about China, Europe, and declining oil prices. I increased the commodity portion of my portfolio a few weeks ago because I thought it had declined to a good value.......but it keeps declining. :wtf Inflation what? Not in the near future.
Click to expand...

Meh, just maxed out the wife and mines annual ROTH contributions over the past two days (nasdaq/sp500 indexs mostly). Maybe i should have waited a bit longer myself :laughing
 
Blankpage said:
My short memory remembers that GM was a shite company that Ford got lumped in with. The fear was that GM going down would kill the parts suppliers. Ford never needed or asked for a bailout.

If you held GM all the way to the bottom than you saw something no one else did.
Click to expand...

The fear was all three were going down. Ford had tapped out its credit line and was on the brink of chapter 11 as well.
 
channelcat said:
The Market is not an accurate barometer of a healthy economy. The Market is a hustle. Wasn't supposed to be that way, but thats what it is.
Click to expand...

Well, taking it that broadly-- nothing is really an accurate barometer. Unless we as individuals have a limitless supply of resources, we can only rely on certain indicators that can give us a better idea.

That even being said, we could be in the matrix and all this shit is being controlled by a guy in a TV room with his ghastly hairless cat. :laughing
 
f=ma said:
The fear was all three were going down. Ford had tapped out its credit line and was on the brink of chapter 11 as well.
Click to expand...

I don't think thats accurate.
Sure the fear was that Ford was going down as the stock price indicated but that was only likely if the parts suppliers went down first. Sellers didn't discriminate between good companies or bad, everything got sold.

Ford asked for a line of credit so it wouldn't be at a disadvantage to the other two GM & Chrysler being subsidized.
 
The market is horrible for several reasons but the main one is the issue with Greece right now. Germany is on the edge of a recession as well.

This is a great time to invest because companies like GoPro are about to push for their holiday season. Speculation baby, change your game to speculate and enjoy the profits.... for now.

How long do you think oil is going to be 80 bucks a barrel?
 
Unless someone actively follows and researches the market, their best bet is to just auto-deposit into an age-appropriate mix, and ignore the news. The people who get burned are the ones who do enough research to be dangerous, but not enough to make the right moves.

My bet is the S&P 500 will keep dropping to about 1800 or so before it recovers. Right now there's still too much bull sentiment to call this a bottom.
 
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it's called manipulation

nice pull back right before the fed announces a it's interest hike, which would encourage the Fed to delay

:laughing
 
Outside of my retirement accounts, I have not once been interested in playing around in the markets. If it wasn't for the company matches and potential to grow tax free I probably wouldn't be putting a dime into that shit. There are so many variables in all that stuff that I don't understand in the slightest, I don't see how anyone can really grasp what the fuck is going on.
 
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