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Old 10-08-2008, 02:35 PM   #21
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I think thats it. Not to say we wont still have a few red days, but I think the worst of it is over and things will start turning up before long.

At a minimum, aint it nice to read something positive?
God bless you! I'm going 100% equities now.
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Old 10-08-2008, 02:38 PM   #22
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God bless you! I'm going 100% equities now.
Did Cramer just say it's armageddon time?
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"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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Old 10-08-2008, 02:54 PM   #23
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There will be no bottom until the last few minutes stop selling off viciously.
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"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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Old 10-08-2008, 02:57 PM   #24
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First Gramatica kicks the potential game winner wide right, then wide left - and the Saint's are the proud owner of the cellar in their league.
LOL, brings back memories of his 2003-2004 seasons here with the Bucs
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Old 10-08-2008, 02:59 PM   #25
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There will be no bottom until the last few minutes stop selling off viciously.
Razor now says 6,000. Guess we better wait until then before we go 100% equities.
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Old 10-08-2008, 03:03 PM   #26
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How'd they do that!?!?!

Markets looking pretty strong on high volume, holding near the highs almost the whole afternoon - everything looking good.

Then boom - last 30 mins - market is just knocked down HARD.

Sure looks suspicious to me!

Audrey
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Old 10-08-2008, 03:04 PM   #27
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Razor now says 6,000. Guess we better wait until then before we go 100% equities.
Until then, here's a money maker:

1. At 3 PM Eastern time, if the Dow is down more than 200 points, do nothing. Otherwise:

2. Establish a short position on a "total market ETF" at 3 PM.

3. Cover said short position at about 3:58.

4. Rinse. Lather. Repeat.

5. Profit!

Variations could be: if the market is *up* at 3 PM, buy one of those concentrated double-short ETFs and sell at 3:58.
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"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)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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Old 10-08-2008, 03:27 PM   #28
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How'd they do that!?!?!

Markets looking pretty strong on high volume, holding near the highs almost the whole afternoon - everything looking good.

Then boom - last 30 mins - market is just knocked down HARD.

Sure looks suspicious to me!

Audrey
Plunge creation team?
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Old 10-08-2008, 03:30 PM   #29
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Yeah it definitely looks like there is a (PCT) plunge creation team in operation these days! LOL! Yesterday was spectacular!

Audrey
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Old 10-08-2008, 04:03 PM   #30
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given the stellar effect he had on oil prices, the bottom won't be reached till Ziggy sells all equities; sell, Ziggy, sell!
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Old 10-08-2008, 04:11 PM   #31
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Secretary Paulson did it in his afternoon speech. Until he spoke it was up 100 points and then it fell to the close.
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Old 10-08-2008, 04:32 PM   #32
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[you're not a dirty market timer ...] if there were some mechanical thresholds that kick in when you are a certain percentage out of whack with your target allocation.
But it's only fair if you decide on those thresholds ahead of time.

I decided not to use thresholds, and just rebalance every Jan 2nd. One nice aspect is that although I started the year at 57% stock, I'm now at about 50%, and the gyrations don't seem quite as important at that level. Don't know if that makes sense, but that's my story, and I'm sticking to it.
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Old 10-08-2008, 05:06 PM   #33
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Secretary Paulson did it in his afternoon speech. Until he spoke it was up 100 points and then it fell to the close.
These people really need to learn when to shut up. The markets are telling them that their "reassurances" are NOT helpful...
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RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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Old 10-08-2008, 06:10 PM   #34
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Did some rebalancing today by putting $150 large to work . . .

I have no idea if this is a bottom or not. But one thing I know with absolute certainty is that investing in equities today will produce better returns then investing one year ago when everyone was happy to do it.
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Old 10-08-2008, 06:22 PM   #35
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These people really need to learn when to shut up. The markets are telling them that their "reassurances" are NOT helpful...
There is some adage that you can't tell how ignorant a person is till he opens his mouth. I personally like knowing that Paulson and Bernanke are as stupid as I suspected. After all, these are the guys spending your money. If they can't instill faith in what they are doing, perhaps you shouldn't be investing as they try to manipulate the market.
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Old 10-08-2008, 06:45 PM   #36
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Sacrifice a virgin?
Grow garlic?
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Old 10-08-2008, 06:50 PM   #37
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Sacrifice a virgin?
Where would you find one ?
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Old 10-08-2008, 06:52 PM   #38
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Where would you find one ?
Look for the ugliest girl in the third grade. (Hey, you asked!)
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Old 10-08-2008, 07:35 PM   #39
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Good news, I'm a virgin!

Quick, someone rub me down with garlic.
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Old 10-08-2008, 08:07 PM   #40
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Good news, I'm a virgin!

Quick, someone rub me down with garlic.
I thought you would prefer bacon grease.
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