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March 23, 2009 - A Very Nice Day in the Equity Markets
03-23-2009, 03:23 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 10,802
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SymbolLastChange Dow7,775.86  497.48 (6.84%)Nasdaq1,555.77 98.50 (6.76%)S&P 500822.92 54.38 (7.08%)10-Yr Bond2.66% 0.035NYSE Volume8,824,643,000 Nasdaq Volume2,172,595,500
If this continues much longer we will no longer be suitable objects of derision from the cash crowd. And gallows humor will seem quaint. But perhaps I should wait a while... 
Ha
__________________
Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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03-23-2009, 03:31 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 3,113
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For gosh sakes! Don't jinx it!!!!
Audrey
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03-23-2009, 03:38 PM
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#3
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,254
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Another 10 of these and I'll be able to reduce my AA to a more comfortable 50/50...
__________________
"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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03-23-2009, 03:45 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Mississippi
Posts: 4,266
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 Quote:
Originally Posted by ziggy29
Another 10 of these and I'll be able to reduce my AA to a more comfortable 50/50...
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That's the sad part about it all.  But, at least a step in the right direction.
__________________
Full time wuss............
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03-23-2009, 03:47 PM
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#5
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 4,958
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Can we please just hope this means we hit bottom? I can handle a slow recovery, it was the sickening drops to new lows every month that was killing me.
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03-23-2009, 04:24 PM
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#6
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Moderator
Join Date: Jan 2007
Location: New Orleans
Posts: 10,410
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Quote:
Originally Posted by ziggy29
Another 10 of these and I'll be able to reduce my AA to a more comfortable 50/50...
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Ten more days like this is all I ask for!  Well, that and maintaining at or above that level for the infinite future.
__________________
"Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harborless immensities." - - H. Melville, 1851
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03-23-2009, 03:40 PM
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#7
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 649
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HaHa:
Shhhh . . . I still have a ways to go to get back to 11/21/08 levels.
-- Rita
__________________
Only got A dimple, would have preferred 2!
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03-23-2009, 03:46 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 10,802
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Quote:
Originally Posted by Gotadimple
HaHa:
Shhhh . . . I still have a ways to go to get back to 11/21/08 levels.
-- Rita
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Well for your sake as well as the rest of us, I hope we are seeing the start of a good long rally. I did an appeasment dance when I typed this, so don't worry about annoying the market gods.
I am about even with year end '08, but down from some of the January '09 closes. And still way down from October 2007. Unless portfolios track the same benchmark, the timing will be different. I notice something when I look over different accounts. I manage non-tax-deferred accounts for equity income. These are down way less than my tax deferred accounts, which I try to manage for total return. Also I have more oil and gas in my outside accounts, and in this sector I was able to do some early 2008 selling, and year end buying. This helped lessened my losses to date.
ha
__________________
Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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03-23-2009, 04:04 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 4,735
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Quote:
Originally Posted by Gotadimple
HaHa:
Shhhh . . . I still have a ways to go to get back to 11/21/08 levels.
-- Rita
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I do not even think of those levels . They were a brief fantasy .
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03-23-2009, 04:07 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,404
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Quote:
Originally Posted by Moemg
I do not even think of those levels . They were a brief fantasy .
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I look at it that way too. Nothing is as worse as it seems nor is it as good as it seems
__________________
If your gonna be dumb you gotta be tough
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03-23-2009, 04:13 PM
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#11
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,254
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Quote:
Originally Posted by Moemg
I do not even think of those levels . They were a brief fantasy .
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I don't know if it's *pure* fantasy, but at this point I'm inclined to echo what was stated above -- I don't expect to get most of it back in the near future -- I just hope the long, painful water torture is subsidizing and we at least might have something resembling a floor...
__________________
"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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03-23-2009, 03:51 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
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Man, this is some painful news. I was hoping for 7-10 years of high equity risk premiums and low P/E ratios. All of this optimism is ruining everything. Don't you guys know equities are dead and you have to be a fool to be buying stocks right now. The freakin market is down 50%!!!! This is just a dead cat bounce. A bear market bull fake, or what have you. Now is the time to get out before we see Dow 6000 for real! You heard it here first folks.
However I did like watching my triple leveraged financial ETF go up 41% today. Cha-ching. It feels like 1999 again!
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03-23-2009, 03:59 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Aug 2002
Location: Virginia, and Caribbean snowbirds in winter
Posts: 1,275
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I called the bottom for you guys a couple of weeks ago. I also called close to the top a year or so ago. I myself did not take advantage of these calls, since I'm out of equities and am clueless, thus placing me on an equal basis with many wall street analysts. Besides, if I had followed my own calls the market would have gone the other way.
A sign of a bottom
__________________
When the wind changes, change tacks.
The Retiree Formerly Known as SoonToRetire (TRFKASTR)
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03-23-2009, 04:49 PM
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#14
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 683
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__________________
Advice from a stranger using a pseudonym with an avatar.
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03-23-2009, 05:33 PM
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#15
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Moderator
Join Date: Sep 2007
Posts: 3,437
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Quote:
Dueling bottom callers! Too much of a good thing? I think not!
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03-23-2009, 09:23 PM
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#16
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 683
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Dual signs of a bottom.? How ‘bout this.
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Advice from a stranger using a pseudonym with an avatar.
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03-23-2009, 06:08 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Aug 2002
Location: Virginia, and Caribbean snowbirds in winter
Posts: 1,275
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Quote:
OK, so you coud have, or might have, called the bottom. OTOH ... OK, you da man.... maybe 
__________________
When the wind changes, change tacks.
The Retiree Formerly Known as SoonToRetire (TRFKASTR)
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03-23-2009, 06:43 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 2,146
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Quote:
OK you got some credit. Were you also smart enough to get out at the top? 
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03-23-2009, 04:49 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,573
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I'm feeling VERY cautiously optimistic. Not only have the markets done well, but both my main home and rental have actually shown modest gains for the first time in ages based upon my research (comps, zillow, etc.)
Last night my DH said he has a feeling things are starting to get better and he thinks we will see more solid signs of this by summer. He's not a financial type but does read the papers, watch the news and often has a sense about trends.
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I purr therefore I am.
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03-23-2009, 06:24 PM
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#20
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Full time employment: Posting here.
Join Date: Nov 2005
Posts: 551
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Quote:
Originally Posted by Purron
I'm feeling VERY cautiously optimistic.
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Ditto!
__________________
"I went to the woods because I wished to live deliberately... and not, when I came to die, discover that I had not lived."
--Henry David Thoreau
Last edited by Bestwifeever; 03-24-2009 at 09:45 AM.
Reason: to fix quote formatting
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Look at the same thread, post #14. Then check the daily closing prices for the S&P for that day (3/9).
No insinuations, hidden meanings, no "could be" or "might be". No multiple posts every day. No. Just one short, simple, single unambiguous post indicating the "bear bottom". Please, give credit where it is due. 
