Rough day on the street today

I'm with TA

The market going down isn't as big a deal as noticing that time seems to fly.

TromboneAl said:
THIS is the scariest post so far. It seems like only yesterday you were changing your handle from REWannabe. If six years goes by that quickly...
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FinanceDude said:
I was happy for the pullback, I have been convinced we will pull back about 1000 points from the YTD high by the end of the year.........which means buying opps when the dips occur, as I did a lot of buying today for clients and myself.......
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What you buying?:)
 
As long as cash is yielding basically zero and bond rates are at historic lows I don't see too much of a drop here -- if something happens to push interest rates up (hard to imagine without much demand) all bets will be off. Then again, my crystal ball's in the shop since it's looked too much like a Magic 8 Ball lately...
 
brewer12345 said:
I think we are seeing the effects of a one-two punch of the Japanese disaster and a commodity price spike. Both are likely to prove transitory, IMO, so I think we go through a softer patch and then keep chugging along.
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Nothing personal, W2R, but I'd much rather read this type of analysis from Brewer than to hear you going "Wheeee!!"
 
OK, down today but not so much. I don't know why this particular dip caught my attention - just an uneasy feeling. Or, should I say, watching too much CNN:nonono:

My crystal ball is also on the blink, but I'll go out on a limb and predict....

- Continued up and down, but trending a bit down for the rest of this year.
- Barring any other natural disasters, a gradual upturn in 2012.

Given DH and I plan to put our house on the market later this year, I'm really hoping for an upturn.

Time to buy? I think we'll have some better buying opportunities soon. Don't think it'll be a crash, but some bigger dips ahead before we're out of the woods.
 
Nords said:
Nothing personal, W2R, but I'd much rather read this type of analysis from Brewer than to hear you going "Wheeee!!"
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Gak! Confirmation bias! Everyone grab a stick and help me kill it!
 
I'm just going to sit in the basement and bang these shiny, shiny hemispheres of really heavy metal together. Everybody needs a hobby... :uglystupid:

 
M Paquette said:
I'm just going to sit in the basement and bang these shiny, shiny hemispheres of really heavy metal together. Everybody needs a hobby... :uglystupid:
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Eh, you'll make a mess or fizzle out soon.

Reminds me of the "radioactive Boy Scout"...
 
Surewhitey said:
I bought 400 more shares of Microsoft...
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What Nords said...

Oy. Maybe for a swing trading stock. I dunno if I'd buy it hoping the punditverse is right and MSFT will break up/get a new CEO/announce a crazy high dividend, though.
 
Well, just to help the market dip a little so that you would all have such great buying opportunities... instead of buying today I bought some funds Friday night, and the transaction went through Monday during that blip UP, right before it went down. Sort of like reverse market timing. :facepalm:

So, I am trying to remind myself that I am in this for the long haul and so on. That's just as well because obviously I am NO good at market timing. To me, the nuclear situation in Japan has been going on for a long time by now and was not a whole lot worse yesterday than the day before. Ditto for inflation and so on.

In the short term I can't predict the market that accurately from variables such as this, and if I could I would be a multimillionaire-ess by now. After my recent investment I am about $1000 farther from that status. :(
 
M Paquette said:
What Nords said...

Oy. Maybe for a swing trading stock. I dunno if I'd buy it hoping the punditverse is right and MSFT will break up/get a new CEO/announce a crazy high dividend, though.
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Yeah, I trade ranges sometimes and its at the lower end of the range. I sold Intel on the upside last week and thought this may be a "safer" bet on the downside of the range...we'll see. $24.25 is my buy price, fyi.
 
Surewhitey said:
Yeah, I trade ranges sometimes and its at the lower end of the range. I sold Intel on the upside last week and thought this may be a "safer" bet on the downside of the range...we'll see. $24.25 is my buy price, fyi.
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I sure that must be a typo but why would you want to pay more than the market price? :greetings10:
 
M Paquette said:
I dunno if I'd buy it hoping the punditverse is right and MSFT will break up/get a new CEO/announce a crazy high dividend, though.
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If it were only that simple.

I wonder if Steve Jobs took medical leave hoping to get a call for help from Ballmer...
 
Nords said:
If it were only that simple.

I wonder if Steve Jobs took medical leave hoping to get a call for help from Ballmer...
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Ballmer doesn't need help, he needs to be replaced. Jobs would be an ideal candidate.
 
I continue to buy MSFT hoping nothing major changes about the business. I want them to ignore Wallstreet as much as possible and just avoid throwing too much money away on bad ideas.

Just keep printing money, buying back stock, and raising the dividend.

If they would refrain from throwing away money on silly purchases like Skype and just exit the online search business I would be thrilled.

I may end up being the only shareholder of Microsoft and Cisco by the end :)

M Paquette said:
What Nords said...

Oy. Maybe for a swing trading stock. I dunno if I'd buy it hoping the punditverse is right and MSFT will break up/get a new CEO/announce a crazy high dividend, though.
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Hamlet said:
I continue to buy MSFT hoping nothing major changes about the business. I want them to ignore Wallstreet as much as possible and just avoid throwing too much money away on bad ideas.
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Don't we all. I'm not sure what gives hope in any of those areas.

A year ago ClifP and I had lunch with a Microsoft employee vacationing in Waikiki.

He told us of the time when his division shipped their project and had no further work in the pipeline. (I think he's an arcane cell-phone communications firmware or wireless network design engineer.) MSFT essentially kept him on the payroll for six months, with weekly musters, until they had something for him.

We couldn't tell if that was because MSFT was too bloated & ossified to cut payroll, or afraid he'd end up working at Apple, or just didn't care about any dollar amount under seven figures.

He's early-retiring soon.
 
That's the beauty of Microsoft's business. It doesn't require any brilliant business management.

They pretty much make money hand over fist no matter what they do.

The core money making parts of their business really haven't changed in any meaningful way in 15+ years.

And despite all the talk of big changes coming, I suspect that they will still be making money in much the same way 15 years from now.


Nords said:
Don't we all. I'm not sure what gives hope in any of those areas.

A year ago ClifP and I had lunch with a Microsoft employee vacationing in Waikiki.

He told us of the time when his division shipped their project and had no further work in the pipeline. (I think he's an arcane cell-phone communications firmware or wireless network design engineer.) MSFT essentially kept him on the payroll for six months, with weekly musters, until they had something for him.

We couldn't tell if that was because MSFT was too bloated & ossified to cut payroll, or afraid he'd end up working at Apple, or just didn't care about any dollar amount under seven figures.

He's early-retiring soon.
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