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WooHoo; recession over!!
Old 01-23-2008, 02:47 PM   #1
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WooHoo; recession over!!

... [BRIEFING.COM] The market has found a new rally gear in the past half hour, greased by program trading activity that has carried the Dow more than 200 points higher in the last 30 minutes. The S&P and Nasdaq have followed suit,...

t.r.
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Old 01-23-2008, 02:51 PM   #2
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I think someone spiked your koolaid...
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Old 01-23-2008, 02:53 PM   #3
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... johny walker!
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Old 01-23-2008, 02:54 PM   #4
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Very odd day. When I got up I was down about $15,000-now I'm up about that amount.

Prior to today my stocks were less volatile than the indices- today even very conservative O&G stocks got slammed early on, but have mostly recovered.

Meanwhile financials are on a tear. Wells Fargo up 10% today. If this keeps up WFC will be leaving my port tout de suite!

Ha
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Old 01-23-2008, 02:54 PM   #5
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i'm going by my previous uninformed assessment and ignoring all of this. now where did i put my tv listings. i got me some cartoons to watch. scooobieeeeee.
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Old 01-23-2008, 02:55 PM   #6
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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.

(I did not realize the last word of each line rhymed so well)
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Old 01-23-2008, 02:55 PM   #7
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I think someone spiked your koolaid...
You say that like it's a bad thing...

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... johny walker!
"And his brothers, Black and Red..."
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Old 01-23-2008, 02:57 PM   #8
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Very odd day. When I got up I was down about $15,000-now I'm up about that amount.

Prior to today my stocks were less volatile than the indices- today even very conservative O&G stocks got slammed early on, but have mostly recovered.

Meanwhile financials are on a tear. Wells Fargo up 10% today. If this keeps up this will be leaving my port tout de suite!

Ha
Yeah, I swear it's because I made major mutual fund trades. EVERYTIME I do something, the market goes the way I don't want it to go; today, I just wanted my buy price to be nice and low... and then it can bounce back anytime after today! I made my trade around 12:10 PST, and my friend calls me about 30 minutes later to declare that the market is up. It's just my luck.
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Old 01-23-2008, 03:00 PM   #9
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I just wanted my buy price to be nice and low... and then it can bounce back anytime after today!
It would appear thousands of other traders and institutions were thinking exactly the same way. That should make you feel like a pro!
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Old 01-23-2008, 03:23 PM   #10
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Yeah, I swear it's because I made major mutual fund trades. EVERYTIME I do something, the market goes the way I don't want it to go; today, I just wanted my buy price to be nice and low... and then it can bounce back anytime after today! I made my trade around 12:10 PST, and my friend calls me about 30 minutes later to declare that the market is up. It's just my luck.
Thank you for giving the world economy a break!! I know what you mean. My investments go that way sometimes, too.

I tried to buy today too, but was blocked from doing it because the money is being held up for ten days somewhere along the line. Maybe that is just as well.
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Old 01-23-2008, 03:33 PM   #11
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I knew it would close up either today or tomorrow because tomorrow is when my fund purchase is priced, even though I put in the order Monday night when the world was ending.

2Cor521
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Old 01-23-2008, 03:37 PM   #12
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Damn I wasn't finished buying yet. I was waiting for my Pen Fed money to get here Friday. Despite the lovely +2.5% green screen, part of me hopes this was a dead cat rally and prices we'll continue down lower.

Oh well I don't think I am going to regret getting Berkshire B shares a $4327 (below 130K) or BofA @ $30 (assuming the Countrywide merge goes through) or Capital Source at $13 over the next 5 years.
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Old 01-23-2008, 04:16 PM   #13
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I have no idea where that rally came from, but it happened just as the equity put / call ratio hit the same high back in August. From there, we got about 2 months of gains.

It'd be nice to get a good solid relief rally. C'mon January Effect! Where've you been?
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Old 01-23-2008, 04:23 PM   #14
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I'm starting to think my son is the crystal ball I should be watching. He seems to add to his funds at/for no particular time or reason, and almost without fail he gets at least a nice bounce the next day. :confused:

He added to total stock index and total international index yesterday. Normally it comes from his MM prime, but this time he transfered money (took profits?) from total bond index. I guess that's a good thing?

He knows very little about investing and doesn't follow the markets....so this (to me) is like a blind man being able to find a black cat in a dark room. Hmmm
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Old 01-23-2008, 05:43 PM   #15
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what happened y'all?

I leave the house at 1:45 pm with a down market, and I come back 2 hours later with a 300 pts rally for the DOW? What did I miss? China is forgiving our trade deficit or what? Man, I am never leaving the house again!

And check out, VG REIT index is up almost 9% today! OMG, the RE bust is over! We're saved, we're saved! Viva Ben!

Oh wait a minute. It's time to take my chill pill with a tall glass of water. Ah. Let's see now. Nop, fundamentally nothing's changed. Looks like a bear rally to me. They're gonna keep shaking that tree until all the money comes out. Better hold on!
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Old 01-23-2008, 05:47 PM   #16
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Looks like a bear rally to me. There's gonna keep shaking that tree until all the money comes out. Better hold on!
Agree, especially since the rally was strongest in heavily shorted sectors. But like the good little speculators that we are, we want to hang around to cash out just before the deluge, no? Let's not leave much coin for the bagholders.

Ha
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Old 01-23-2008, 06:58 PM   #17
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Market-timed Reallocated this morning; looked like a fool...

Come afternoon, and vy-oh-luh!, genius...

Undoubtedly short-lived...

Pass the dramamine...........
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Old 01-23-2008, 07:00 PM   #18
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Undoubtedly short-lived...

Pass the dramamine...........
Isn't it amazing how high a dead cat can bounce?
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Old 01-23-2008, 07:04 PM   #19
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Isn't it amazing how high a dead cat can bounce?
"We were up in heaven, but now we're in the mud.
We fell off the wagon, you should have heard the thud..."

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Old 01-23-2008, 10:54 PM   #20
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To those who responded, thanks for the laughs. Yeah, things will get better, I'm sure.
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