Notmuchlonger
Thinks s/he gets paid by the post
- Joined
- Dec 20, 2007
- Messages
- 4,764
Have I ever mentioned that I hate the stock market?
No, is this a new revelation/revolution?
Have I ever mentioned that I hate the stock market?
I was standing after the shower looking in the mirror with a mirror behind me, and I found the bottom.
I was standing after the shower looking in the mirror with a mirror behind me, and I found the bottom. Why didnt' someone tell me my ass was so big!!!!!!!!
jug
So tell, tell--is the bottom a V shape or a W?
I see the board has pretty much moved on past sad topics like the stock market, but nevertheless it continues to do its dirty business.
Today the DOW made a new low on a closing basis, though the old intraday low from 10/10 still stands.
My own portfolio has also made a new low, and currently stands just short of a 1/3 off sale, relative to Oct 07 high.
This is really getting to be annoying.
Ha
Please - by all means, call a bottom. Just let us know one day in advance so we can short the market.Isn't it at an all time low closing today like Ha said?
I promise I will never call a bottom ever again. The same day I do it begins it's latest slide.
Isn't it at an all time low closing today like Ha said?
I tend to have a lot of respect for historical trends, especially when they are of L-O-N-G duration. And, I am a great believer in "reversion to the mean." Thus, I find the following long term chart of the DOW interesting:
Eyeballing the chart, it seems to me that the DOW ought to be at about 7500 today if it had followed what appears to be the basic trend established between 1930 and 1985. And, because markets tend to overshoot both on the way up, and on the way down, I suppose I wouldn't be too surprised if the DOW overshoot the trend line on the way down bottomed at around 6000. That's just my guess -- everyone is entitled to one.
As an aside, one meaning of this decline may be that the people who are putting their hopes into Mr. B.O. may not have much money to put into the stock market. Those with money to invest may not be quite as pumped with hope.
I tend to have a lot of respect for historical trends, especially when they are of L-O-N-G duration. And, I am a great believer in "reversion to the mean." Thus, I find the following long term chart of the DOW interesting:
http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Eyeballing the chart, it seems to me that the DOW ought to be at about 7500 today if it had followed what appears to be the basic trend established between 1930 and 1985. And, because markets tend to overshoot both on the way up, and on the way down, I suppose I wouldn't be too surprised if the DOW overshoot the trend line on the way down bottomed at around 6000. That's just my guess -- everyone is entitled to one.
I hope not I went in with $250K today
Paul Farrell makes a living using black paint. According to him, the world ended 20 years ago.This guy implies you may be a little early.
Paul Farrell makes a living using black paint. According to him, the world ended 20 years ago.