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01-22-2008, 07:31 AM
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#61
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Full time employment: Posting here.
Join Date: Nov 2005
Posts: 655
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Fed just made an emergeny rate cut of 3/4%!!!
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01-22-2008, 07:35 AM
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#62
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 44,394
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Quote:
Originally Posted by Retire Soon
Fed just made an emergeny rate cut of 3/4%!!!
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Here comes the Cavalry to the rescue! I wonder if it will work.
What could be more entertaining on a dreary, gray Tuesday morning?
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01-22-2008, 07:45 AM
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#63
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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Ambac came out with a huge loss that's sure to put a damper into the confidence level. if ambac goes under than some obscene amount of money in bonds is uninsured
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01-22-2008, 07:47 AM
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#64
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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Quote:
Originally Posted by Retire Soon
Fed just made an emergeny rate cut of 3/4%!!!
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That seems to have cut the futures losses in half (so far).
But dammit...I was poised to dump some appreciated treasuries this morning and that rate cut is biting into some of the treasury gains.
But uh oh, now some folks are feeling the 3/4% cut smells of desperation and still wont be effective, so the futures might head back further down again.
I agree...3/4% was too much.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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01-22-2008, 07:50 AM
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#65
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Daddy, daddy, there's a helicopter outside...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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01-22-2008, 07:56 AM
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#66
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,661
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Quote:
Originally Posted by cute fuzzy bunny
That seems to have cut the futures losses in half (so far).
But dammit...I was poised to dump some appreciated treasuries this morning and that rate cut is biting into some of the treasury gains.
But uh oh, now some folks are feeling the 3/4% cut smells of desperation and still wont be effective, so the futures might head back further down again.
I agree...3/4% was too much.
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Already has headed back down. DOW futures -466. Anyone buying stocks today?
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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01-22-2008, 08:04 AM
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#67
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Full time employment: Posting here.
Join Date: Nov 2005
Posts: 655
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Quote:
Originally Posted by HFWR
Daddy, daddy, there's a helicopter outside...
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The helicopter appears to be out of fuel, as the Dow Futures are down 464 points. I heard that the futures market had already factord in a 1/2% rate cut before the Fed actually made its cut this morning. Guess we'll have to wait until next week for some relief.
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01-22-2008, 08:06 AM
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#68
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Hail to the PPT!  It seems more like the tail wagging the dog here...
__________________
- Hurry! to the cliffs of insanity!
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01-22-2008, 08:07 AM
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#69
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 680
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Quote:
Originally Posted by mathjak107
just rember if you were in the markets for many years you would be no where near even the level we fall to on a bad day if you werent in the game. two buddies of mine are retireing from the same place after the same amount of time. they both worked for the nyc board of ed . they could elect where they wanted their pension money invested aaron not having any interest in the markets nor wanting to take any risk basically let it lay in bonds and a money market. he figured what the heck, we all earn around the same thing , we all will put in as many years , we will all end up about the same.
joe chose all stock funds for over 30 years.
needless to say aaron got 189,000 and joe walked away with 1.4 million.
aaron is still working.
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Your story is so true. It is possible to "conserve" your way, right into the poor house. While I know the my time horizon is long ~15+ years, it is still hard to watch the market tank like it is. I am already down ~10% and the first month of the year is not even over yet! At least I can feel better about the fact that other than bonds or a MM, there was no where to hide on this one, and everyone is down about the same.
I am curious though if the reason for market volotility in recent years has been due to the increase in 24 media, and internet trading. Years ago if the market was bad you had to wait 24 hrs to do something about it. And usually by that time people has regained their composure anyway. Most people got to watch the news just once a day, and unless something truly bad occurred it would blow over quickly. I wonder if anyone has done any reasearch into this correlation? Just a thought...
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01-22-2008, 08:14 AM
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#70
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Dryer sheet aficionado
Join Date: Jan 2008
Posts: 46
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maddythebeagle beat this puppy too it but I did email a great friend that this guy is easily wagged.
I say "the puppy tail wagged the dog".
Gosh, I fear this may make losses even worse. Nothing like a Fed chairman with no plan. Guess he is not aware of Swedroes "stay the course" swagger.
EDIT:
armor99, Prof Shiller thinks the market is highly influenced by:
1. Internet
2. Gambling
3. Materialistic greed
4. Feeling that the US after WWII was the end all and be all. ie Nationalistic feeling/superiority
In other words, Irrational Exuberance
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01-22-2008, 08:18 AM
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#71
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 47,504
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I just saw this news headline on Yahoo! : "No Country for Old Men" and "There Will Be Blood"...
Took me a second to realize they were touting potential Oscar nominations and not commenting on the upcoming market opening.
__________________
Numbers is hard
Retired in 2005 at age 58, no pension
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01-22-2008, 08:22 AM
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#72
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,598
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Quote:
Originally Posted by REWahoo
I just saw this news headline on Yahoo! : "No Country for Old Men" and "There Will Be Blood"...
Took me a second to realize they were touting potential Oscar nominations and not commenting on the upcoming market opening. 
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Good one REW!
And you know, it just points out that the media is in charge here.
So all you people!!! Do and believe as you are told 
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01-22-2008, 08:23 AM
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#73
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,739
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Quote:
Originally Posted by Dawg52
Anyone buying stocks today?
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I have some cash just waiting for an opportunity like this. Will have to see how some individual stocks fare. I've got my list of possibilities, bucket of popcorn and soda all set up and I am ready to watch the show
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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01-22-2008, 08:27 AM
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#74
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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Quote:
Originally Posted by Wags
Agree the US does not build anything anymore but get the popcorn ready it is going to be interesting morning and day.
Could any of this be attributed to GREED?
Let's hope that the U.S government does not have to bait out the people who made bad investments.
GOD BLESS 
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who cares if we don't build anything anymore, we have more than anyone else of the most important thing in the world. Knowledge.
but to answer your question, we build a lot of things in the US. just not stuff you find at your local wal mart
i hear the same nonesense from my brother who lives to the east of the rockies. me on the east coast i see companies hiring knowledge workers all the time and they make stuff overseas.
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01-22-2008, 08:29 AM
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#75
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by JPatrick
Good one REW!
And you know, it just points out that the media is in charge here.
So all you people!!! Do and believe as you are told  
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"Your mind is totally controlled
It has been stuffed into my mold
And you will do as you are told
Until the rights to you are sold..."
FZ
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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01-22-2008, 08:50 AM
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#76
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Full time employment: Posting here.
Join Date: Aug 2007
Posts: 961
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Quote:
Originally Posted by Want2retire
Here comes the Cavalry to the rescue! I wonder if it will work.
What could be more entertaining on a dreary, gray Tuesday morning? 
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More entertaining - Old George W trying to explain how the economic stimulus package is going to rescue the good Old U.S.A from this financial crisis and a possible recession. Talk about the tail wagging the dog.
As for the cavalry they are bogged down in Iraq.
Before anybody goes into a panic take a minute and listen to Mr. MERLE HAGGARD - Are The Good Times Really Over
GOD BLESS
__________________
War is a poor chisel to carve out tomorrow. - Martin Luther King Jr.
Seek peace, and pursue it. - Psalms 34:14
Be kind to unkind people - they need it the most - by Ashleigh Brilliant.
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01-22-2008, 08:51 AM
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#77
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,598
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We Have Green Sir!!
Hey , there's hope!
I have two sector funds showing green.
My Fido Real Estate and the Broker funds are more that 50% GREEN.
Keep that kool-aid flowing!
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01-22-2008, 08:51 AM
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#78
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Full time employment: Posting here.
Join Date: Nov 2005
Posts: 655
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"A tale told by an idiot, full of sound and fury, signifying nothing"
William Shakespeare
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01-22-2008, 08:58 AM
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#79
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 92
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It was partly the Fed rate cuts that go us into this in the first place. This large cut is sending a strong message that things in the ecomony are out of control, when in reality it is fear based selling. They will provide some bais for self-fulfilling prophecy.
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01-22-2008, 09:05 AM
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#80
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 192
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Wow, 0.75%!? Sure makes it look like the FOMC is in a panic too, that is not good. Where have all the adults gone?
__________________
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