WooHoo; recession over!!

TeeRuh · 01-23-2008, 02:47 PM

... [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.

**REWahoo** · 01-23-2008, 02:51 PM

I think someone spiked your koolaid...

TeeRuh · 01-23-2008, 02:53 PM

... johny walker!

haha · 01-23-2008, 02:54 PM

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

lazygood4nothinbum · 01-23-2008, 02:54 PM

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.

poboy · 01-23-2008, 02:55 PM

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)

HFWR · 01-23-2008, 02:55 PM

Quote:

Originally Posted by REWahoo

I think someone spiked your koolaid...

You say that like it's a bad thing...

Quote:

Originally Posted by TeeRuh

... johny walker!

"And his brothers, Black and Red..."

retiringby50 · 01-23-2008, 02:57 PM

Quote:

Originally Posted by haha

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.

**REWahoo** · 01-23-2008, 03:00 PM

Quote:

Originally Posted by retiringby50

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!

**Want2retire** · 01-23-2008, 03:23 PM

Quote:

Originally Posted by retiringby50

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.

SecondCor521 · 01-23-2008, 03:33 PM

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

clifp · 01-23-2008, 03:37 PM

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.

twaddle · 01-23-2008, 04:16 PM

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?

Poundkey · 01-23-2008, 04:23 PM

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.

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

FIREdreamer · 01-23-2008, 05:43 PM

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!

haha · 01-23-2008, 05:47 PM

Quote:

Originally Posted by FIREdreamer

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

HFWR · 01-23-2008, 06:58 PM

~~Market-timed~~ Reallocated this morning; looked like a fool...

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

Undoubtedly short-lived...

Pass the dramamine...........

**REWahoo** · 01-23-2008, 07:00 PM

Quote:

Originally Posted by HFWR

Undoubtedly short-lived...

Pass the dramamine...........

Isn't it amazing how high a dead cat can bounce?

HFWR · 01-23-2008, 07:04 PM

Quote:

Originally Posted by REWahoo

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..."

LWIII

retiringby50 · 01-23-2008, 10:54 PM

To those who responded, thanks for the laughs. Yeah, things will get better, I'm sure.

01-23-2008, 02:47 PM	#1
TeeRuh Recycles dryer sheets Join Date: Oct 2007 Posts: 131	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. __________________ Marge: Homer, the plant called. They said if you don't show up tomorrow don't bother showing up on Monday. Homer: Woo-hoo. Four-day weekend.

01-23-2008, 02:51 PM	#2
REWahoo Administrator Join Date: Jun 2002 Location: Texas Hill Country Posts: 12,345	I think someone spiked your koolaid... __________________ [Closed for renovation]

01-23-2008, 02:53 PM	#3
TeeRuh Recycles dryer sheets Join Date: Oct 2007 Posts: 131	... johny walker! __________________ Marge: Homer, the plant called. They said if you don't show up tomorrow don't bother showing up on Monday. Homer: Woo-hoo. Four-day weekend.

01-23-2008, 02:54 PM	#4
haha Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Apr 2003 Location: Seattle Posts: 8,803	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 __________________ "Show 'em just enough to win the turkey."- Former KY Governor Bert Combs

01-23-2008, 02:55 PM	#6
poboy Recycles dryer sheets Join Date: Jan 2006 Posts: 362	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) __________________ Fat, drunk, and stupid is no way to go through life, son.

01-23-2008, 02:54 PM	#5
lazygood4nothinbum Thinks s/he gets paid by the post Join Date: Feb 2006 Posts: 3,897	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.

01-23-2008, 03:33 PM	#11
SecondCor521 Thinks s/he gets paid by the post Join Date: Jun 2006 Location: Boise Posts: 1,344	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 __________________ "At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.

01-23-2008, 03:37 PM	#12
clifp Thinks s/he gets paid by the post Join Date: Oct 2006 Posts: 2,338	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.

01-23-2008, 04:16 PM	#13
twaddle Thinks s/he gets paid by the post Join Date: Jun 2006 Posts: 1,377	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? __________________ Favorite ERF quote: "I'm not going to waste my time on someone who's more interested in being stubborn or obtuse or intolerant." -- Nords Favorite ERF error message: "Sorry Nords is a moderator/admin and you are not allowed to ignore him or her."

01-23-2008, 04:23 PM	#14
Poundkey Recycles dryer sheets Join Date: Apr 2006 Location: Hardscrabble Texas Posts: 205	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. 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 __________________ .....#..... Last edited by Poundkey; 01-23-2008 at 06:13 PM..

01-23-2008, 05:43 PM	#15
FIREdreamer Thinks s/he gets paid by the post Join Date: May 2007 Posts: 1,483	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! __________________ "Fortune favors the brave" - Virgil Last edited by FIREdreamer; 01-23-2008 at 05:56 PM..

01-23-2008, 06:58 PM	#17
HFWR Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: May 2005 Posts: 5,486	~~Market-timed~~ Reallocated this morning; looked like a fool... Come afternoon, and vy-oh-luh!, genius... Undoubtedly short-lived... Pass the dramamine...........

01-23-2008, 10:54 PM	#20
retiringby50 Recycles dryer sheets Join Date: Nov 2007 Posts: 124	To those who responded, thanks for the laughs. Yeah, things will get better, I'm sure.