Stock Market Again

[vintner Super Moderator Find all posts View Profile Close vintner]

Market is down about 15% from the Oct. 2007 highs, and back to a level of Nov. 2006. All I can say is 'ouch'.

"Recession is when your neighbor loses his job; depression is when you lose yours."
-Harry S. Truman

[Bill4728 Super Moderator Find all posts View Profile Close Bill4728]

Today, Wed Jan 23

at 10am PST stocks are down 300 pts for the day

at closing (1pm) stocks are up 300 pts for the day

In the space of 3 hours, stocks leaped 600 points up. WOW!

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Today, Wed Jan 23

at 10am PST stocks are down 300 pts for the day

at closing (1pm) stocks are up 300 pts for the day

In the space of 3 hours, stocks leaped 600 points up. WOW!

I was afraid to look but just did. got back about another 2 grand of the 6 grand I lost from 3 weeks ago, Need another 3 or 4 grand to be back to where I was. HRP and NYB on fire last 2 days.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I hope the Fed cuts rates to another half point. If they do a quarter point the market will sell off.

[JWC Super Moderator Find all posts View Profile Close JWC]

I have been an avid follower of the stock market for 46 years. Stocks go up and they go down but averaged over the long haul, stocks will definitely give a better return on your investment than anything else. I do have a substantial paper loss in excess of $200,000 from the market's peak a few months ago. However, I am not worried about it because it will come back as it always does and it is just a paper loss as I didn't buy at the peak. My ROI is still up substantially from what I invested. You have to look at the long run and not the interim ups and downs. The secret is to have a well diversified portfolio. I am retired and my income stream is pretty secure from my investments regardless of the ups and downs at the present time.

Putting your money into cash is a losing proposition as you will be lucky to barely beat the inflation rate, especially with the FED lowering the interest rate.

[vintner Super Moderator Find all posts View Profile Close vintner]

I hope the Fed cuts rates to another half point. If they do a quarter point the market will sell off.

Gold may be a good hedge against the lower cut.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

From what I have heard, gold may not be a good choice now - some say it has peaked-others say it's near peak. Down 6.10 as I just looked.

Gold may be a good hedge against the lower cut.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

What a nice day in the market.

[Icc5 Senior Member Find all posts View Profile Close Icc5]

I'm with John

I have been an avid follower of the stock market for 46 years. Stocks go up and they go down but averaged over the long haul, stocks will definitely give a better return on your investment than anything else. I do have a substantial paper loss in excess of $200,000 from the market's peak a few months ago. However, I am not worried about it because it will come back as it always does and it is just a paper loss as I didn't buy at the peak. My ROI is still up substantially from what I invested. You have to look at the long run and not the interim ups and downs. The secret is to have a well diversified portfolio. I am retired and my income stream is pretty secure from my investments regardless of the ups and downs at the present time.

Putting your money into cash is a losing proposition as you will be lucky to barely beat the inflation rate, especially with the FED lowering the interest rate.

I think the same way you do. I'm only down about half of what you are on paper and dividends keep coming on what I own. I have been investing for 36 years and happy about what has come from it.
Bart

[vintner Super Moderator Find all posts View Profile Close vintner]

From what I have heard, gold may not be a good choice now - some say it has peaked-others say it's near peak. Down 6.10 as I just looked.

I do not own gold as the metal, I own gold as the mines, or gold ETFs.
ABX yesterday traded in a range of 52.65-54.00.
ABX was at 37.50 on Dec 21. Nice run up.
GLD, Gold Trust stock, smaller range of 91.30-92.58, but up about $14 since Dec 21.

I own ABX, up nearly 8% since Jan 22. I have exceeded the target price that I set up, may take some off the table and leave the rest.

Some say peaked, some say on the way to $1000 per oz. I am going to keep it in play as long as there is upside.

[vintner Super Moderator Find all posts View Profile Close vintner]

Looks like stocks are not going to be happy in the open session today. One newsletter I get is suggesting to trade DOG which is the inverse stock for $DJI If you can chart the two together, makes an interesting chart. Looks like something you would see in the shrink's office

Shadowtrader chat room is talking selling short and doing puts.

I hate pre-open numbers like these.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Looks like stocks are not going to be happy in the open session today. One newsletter I get is suggesting to trade DOG which is the inverse stock for $DJI If you can chart the two together, makes an interesting chart. Looks like something you would see in the shrink's office

Shadowtrader chat room is talking selling short and doing puts.

I hate pre-open numbers like these.

So do I look or do I look with one eye open or just get the sledghammer out and kill the monitor.

[vintner Super Moderator Find all posts View Profile Close vintner]

Well, on the good side, the dow is up about 75 points from it's low.

On the bad side, ABX hit the trailing stop when GS downgraded it. It is gone, but with a profit.

On the plus side, I have more cash for the next run of some stock.

On the bad side, unlikely I will be buying anything today. Or, was that on the good side?

[bigfrank Administrator Find all posts View Profile Close bigfrank]

It is a super great day again for both HRP and NYB.

[vintner Super Moderator Find all posts View Profile Close vintner]

It is a super great day again for both HRP and NYB.

Nice gain on both of those Frank.

I had a couple down, but most up, triggered out of one stock.
About a 450 point swing today from the very low start to the strong finish.

Wish I had some Amazon today. Up $4.50, 6% gain.