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06-01-2009, 11:01 AM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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06-01-2009, 11:35 AM
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#42
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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And I'm thinking it's time to buy into oil again...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-01-2009, 11:53 AM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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 Quote:
Originally Posted by ziggy29
And I'm thinking it's time to buy into oil again...
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Uh-oh! Look out! 
Good thing I just got my tank filled. 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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06-01-2009, 11:57 AM
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#44
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Quote:
Originally Posted by Want2retire
Whee!!
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Oh no...here we go again. Pull those seatbelts tight once more. 
DD
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06-01-2009, 12:08 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Actually, that's a bad thing given my track record with that...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-01-2009, 12:11 PM
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#46
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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06-01-2009, 01:48 PM
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#47
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Would you people please stop already with the negative vibes? This is a time for celebration and unbridled optimism 
Besides, the Dow is still way down, so it's gotta go up, right? RIGHT? 
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06-01-2009, 02:00 PM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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__________________
There's no need to complicate, our time is short..
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06-01-2009, 03:24 PM
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#49
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Only 12-13 more days like today and we will hit my prediction of a S&P close of 1240 to end the year.
The cool thing as people feel richer they will spend more, and maybe even be more inclined to buy houses. Rising housing prices of course will help a lot.
As for the debt, no kids no problemo.
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06-01-2009, 04:00 PM
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#50
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Quote:
Originally Posted by clifp
Only 12-13 more days like today and we will hit my prediction of a S&P close of 1240 to end the year.
The cool thing as people feel richer they will spend more, and maybe even be more inclined to buy houses. Rising housing prices of course will help a lot.
As for the debt, no kids no problemo.
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12-13 days like this, 1240 or higher - this will happen. I guarantee it. Absolutely, with no doubt. You can take that to the bank.
Now, by which year? That part isn't so clear 
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06-01-2009, 04:14 PM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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RIGHT!! Happy days are here again, the skies above are clear again, so let's sing a song of cheer again, happy days are here again!
OH wait - - I'd better check my portfolio today before I get too excited. It might not be quite as good as it sounds. 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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06-01-2009, 04:14 PM
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#52
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by MichaelB
12-13 days like this, 1240 or higher - this will happen. I guarantee it. Absolutely, with no doubt. You can take that to the bank.
Now, by which year? That part isn't so clear |
Michael I went back and looked at your predictions in my poll. When I was in Vegas a few weeks ago I was shocked to see your Cubs as the series favorites. The Dow is within 50 point when you posted your prediction of a 25% raise.
So how are the wife and kids treating you?
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06-01-2009, 05:15 PM
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#53
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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06-01-2009, 05:32 PM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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I still have my green onion sprouts in reserve if all other methods fail.
The green onion method consists of trimming them all back to equal height, and assigning each green onion a market entity (stocks, bonds, commodities, cash, etc). Then I let let Mother Nature do her sun/water/soil thing, and see which one grows fastest.
It can get very dicey very quickly, so the green onion test is ONLY to be used as a last resort.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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06-01-2009, 07:22 PM
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#55
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Well, I'm only down 15.4% from my high. Why am I looking at this? Were doomed and we all know it. Probably a 500-700 point sell off tomorrow. Were screwed. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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06-01-2009, 07:48 PM
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#56
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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That doesn't sound that bad, though perhaps a bit more than I have done. Let's compare notes.
Gambling: I just spent 1 week in Las Vegas without dropping a single coin in a slot machine. However, some people may frown on stock speculating as gambling. I think of it as inflation risk mitigation. Can't please them all.
Cursing: To whom if you do not work?
Drinking: Is it bad? Catholic priests drink wine. It's OK.
Lying: Was it about your stock performance? Severity of sin depends on how many percents you inflate it.
Stealing: It is not just bad, it can land you in jail. Same here. Absolutely avoid.
Cavorting with women: From Webster.com, 1 : to leap or dance about in a lively manner, 2 : to engage in extravagant behavior. What extravagant behavior are we talking about here? 
PS. Did someone just say "Wheee"?  
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06-02-2009, 10:40 AM
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#57
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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According to a chart I found on MSN, we crossed the 200-day moving average yesterday. But it seems like, to have a turning point, we need to smash right through the average. And we haven't done that yet.
My portfolio's ROI turned positive last night as the dividends I have received since I started investing in 2000 have now just about offset the capital losses. Any market gain from here is a profit. So I can't wait for the next bull market!
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06-02-2009, 05:43 PM
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#58
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Recycles dryer sheets
Join Date: May 2009
Location: Tokyo
Posts: 67
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Quote:
Originally Posted by FIREdreamer
According to a chart I found on MSN, we crossed the 200-day moving average yesterday. But it seems like, to have a turning point, we need to smash right through the average. And we haven't done that yet.
My portfolio's ROI turned positive last night as the dividends I have received since I started investing in 2000 have now just about offset the capital losses. Any market gain from here is a profit. So I can't wait for the next bull market!
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Firedreamer, congratulations in getting your portfolio to breakeven - a big feat considering the wild rides along the path.
I'm not a day trader (was for a few months between jobs long time ago, lost most of my savings - I was sanguine and totally unprepared then), but the pundits say that the 50 days MA (some say 90) must cross the 200 days MA (upwards of course) to characterize the "golden cross" or the solidification of a bull market which has not happened yet. Also, over the last few days, S&P 500 has been straddling the 200MA curve, indecisive to cut through which is an indication that one shouldn't load up on stocks, since a bounce back is still possible (end of bear rally). FWIW.
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06-02-2009, 07:28 PM
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#59
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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According to this article the 200MA has been smashed on the S&P500. The DOW still needs to confirm.
MarketWatch.com Story
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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06-03-2009, 12:02 AM
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#60
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Recycles dryer sheets
Join Date: May 2009
Location: Tokyo
Posts: 67
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Quote:
Originally Posted by Bikerdude
According to this article the 200MA has been smashed on the S&P500. The DOW still needs to confirm.
MarketWatch.com Story |
Thanks for the link, Bikerdude. Interesting charts. It seems that the analyst is trying to get confirmation from several indices to support the "breakthrough" event. Those indices are total or partial sub-sets ofS&P500 so there will be a natural strong correlation among them. The Dow suffered more from GM and Citi now gone from the index.
On the other hand, some sectors and regional markets as Emerging Markets have already cleared the golden crossing but I don't have the guts to loading up on them. I ran the analysis on some individual stocks that are also ripe but again, I think it is too risk for me. It is entertaining, though, to follow these charts to see what the news and the experts say.
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