my, what a huge surprise, it is recovering nicely. haven't seen that before, at all, no sirree.
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my, what a huge surprise, it is recovering nicely. haven't seen that before, at all, no sirree.
We are due for a huge drop. I don't play the markets at all and don't follow them much because I have no money. IT just ridiculous to me that the DOW and other indexes are so high 11,000 + DOW?!?!? Thats complete BS and not a reflection of reality.
I should post this in anecdotal economic field reports, but it fits here to. I have talked to a few people who are on unemployment and rather than find a job, they use the money to "day trade." My ex just got fired today from a large bank ( :D ) and her new boyfriend has also been unemployed for 6 months, he uses the money to "day trade" he among others. The ironic thing is that they will both be making more on unemployment than I am working, go figure ???
and we're 14 points, what a shocka!!!
The casino can have more chips than you can have resolve.
I know, the true one, by RMK, "The market can remain irrational longer than you can remain solvent."
Seriouly, I would recommend investing in honest money, it's at least ... honest.
a little plunging action today:
11078.29 --126.74 1.13%
Goldman Sachs related?
-213.95 -1.91%Quote:
Originally Posted by MNeagle
Thank you. I thought we lost all the plungers at this site!!
Not sure if we will ever see the good ole days like 2008. I was prepared to cut my short positions until I had the dream Friday night. Monday came and I almost stopped out of my bigger positions. But I thought about the dream and held-
http://gold-silver.us/forum/index.php?topic=2940.0
This whole game is a house of cards resting on faith in a greater fool to come along and pay a higher price. When we get days like today- and put a couple or three together, the greater fool increasingly looks like the mug in the mirror. Panic could make this thing shake down.
The volatility is so bad that you cannot effectively use stop-loss limits. If I had set them, I would have been stopped out 3 times today. I think the market sentiment is over the top now, so any bad news will make the people jump out. I will hold my positions for another day.
Interesting interview with Harry S. Dent on GoldSeek radio.
http://www.radio.goldseek.com/player...er04.28.10.php
He is calling for the stock market to continue the rally - perhaps after a small correction... and then in July/August a major crash. DOW down to the 3000 level.
When he starts talking 2018 and 2020, I call BS as it won't go that far. Guessing what is coming 5 years out is a bit much.
We are getting plenty of volatility and a little fear creeping into the market. We dropped the previous day's gains. We could be in the closing leg of a head & shoulders formation.
If we see the white line broken and close below it, we have an interesting technical situation. Gotta get to the 1180 range.