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Old 08-24-2015, 08:07 PM   #41
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I think we have another 15% to go. Weak hands got shook out early and then margin calls came in around 2:00pm (that's why later afternoon retracement). Bounce tomorrow or Wed. Choppy for a while then slow slog back up.


Then again...what do I know!
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Old 08-24-2015, 08:09 PM   #42
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I will say 14,000 as a bottom but it might only be a flash crash time there.

Where is money going to go other than in the stock market? 2% treasury bonds when inflation is 3%? 0.7% saving account?

How is money going to stay out of the market long when Apple, Intel, Gilead, Google, Microsoft, Corning, Merck are making tons of cash?

I would be shocked if it stays as low as 14,000 for more than an hour or two unless it is printed at a Friday close.
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Old 08-24-2015, 08:12 PM   #43
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Calling the market bottom

Calling the market bottom should be easy. As I understand it, a bell will ring.
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Old 08-24-2015, 08:18 PM   #44
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I'm not lifting a finger but will take the optimist's view for the OP's wager. There is clearly a lot of money sloshing out of the Chinese side of the swimming pool. It has to go somewhere, so the question is, where will it slosh TO? Looking around the world, the U.S. is the most attractive relative bright spot so, after the initial panic....Surfin' USA!


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Old 08-24-2015, 10:15 PM   #45
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Old 08-24-2015, 10:28 PM   #46
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I think we need Cramer's point of view now...
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Old 08-25-2015, 07:03 AM   #47
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Cramer? Who's he? I'm standing pat with my 15000 prediction. Futures are way up this morning.
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Old 08-25-2015, 09:34 AM   #48
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Cramer? Who's he? I'm standing pat with my 15000 prediction. Futures are way up this morning.
I think they mean Jim Cramer.

I know I'm in the minority here once again, but Jim has steered me toward some great stocks over the years. I'm "up" about $100K from where I'd be otherwise thanks to his insights.
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Old 08-25-2015, 09:36 AM   #49
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I think they mean Jim Cramer.

I know I'm in the minority here once again, but Jim has steered me toward some great stocks over the years. I'm "up" about $100K from where I'd be otherwise thanks to his insights.
By doing the opposite of what he suggests?
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Old 08-25-2015, 09:52 AM   #50
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By doing the opposite of what he suggests?
I did say I'm in the minority.

All I know is that he introduced me to some good opportunities. What you do with them after that is a matter of your own initiatives.
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Old 08-25-2015, 10:07 AM   #51
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I think they mean Jim Cramer.
I was being sardonic. Did you go long on Lehman when he recommended it as a "screaming buy"?
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Old 08-25-2015, 10:39 AM   #52
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I was being sardonic. Did you go long on Lehman when he recommended it as a "screaming buy"?
If I had, I wouldn't be boasting a $100K gain would I.

As I noted a few minutes earlier, what you do with Jim's advice is up to your own initiatives. I don't have any gripe against the guy; others may but that's ok too. As I said, I'm in the minority.
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Old 08-25-2015, 11:16 AM   #53
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Re Cramer: I vaguely recall he was studied and did cause a 3 day blip on his picks. After that 47% of the picks actually ended up ahead one year later. So blindly following him was just slightly worse than flipping a coin.

But in terms of being introduced to names to follow, he is a good source, especially for traders.
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Old 08-25-2015, 04:54 PM   #54
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That is so annoying!!! When they have a big selloff in the last hour of an otherwise reversal day. Things were up and holding steady for most of the day, but that last hour of trading, and sellers came out of the woodwork.
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Old 08-25-2015, 04:59 PM   #55
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That is so annoying!!! When they have a big selloff in the last hour of an otherwise reversal day. Things were up and holding steady for most of the day, but that last hour of trading, and sellers came out of the woodwork.
So, do you think there's such a thing as too much "free market"?
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Old 08-25-2015, 05:00 PM   #56
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Love the down 30-more-% predictions. Based on what fundamental flaw? Can't see that happening. More likely, IMO, it's a full-blown 15-20% correction and we slog on as always enjoying the brief little discount. In 20 years, you won't even notice the blip on the graph.
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Old 08-25-2015, 05:38 PM   #57
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Love the down 30-more-% predictions. Based on what fundamental flaw? Can't see that happening. More likely, IMO, it's a full-blown 15-20% correction and we slog on as always enjoying the brief little discount. In 20 years, you won't even notice the blip on the graph.
I agree with this. Probably won't even see it in 10 years on a graph.
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Old 08-25-2015, 06:04 PM   #58
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Old 08-25-2015, 06:20 PM   #59
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That is so annoying!!! When they have a big selloff in the last hour of an otherwise reversal day. Things were up and holding steady for most of the day, but that last hour of trading, and sellers came out of the woodwork.
It was actually one "mutual fund" throwing in the towel with a 3 billion $ trade.
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Old 08-25-2015, 06:24 PM   #60
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It was actually one "mutual fund" throwing in the towel with a 3 billion $ trade.
Seriously? Can you elaborate?

I know in the past someone with a large position would come in during the last few minutes and slam the market indices. Seemed to happen all the time in 2008 and 2009, so I was wondering if that happened today.
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