Dow 450 points of lows and surging ..August 16th 2007 again

Quote from AMT4SWA:

DOWN -300 a day or so.....can anyone calculate how many days until we reach ZERO!!! :D
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WRONG! it's 500 a day from here on out.

LOL :D
 
Quote from stock_trad3r:

This is a repeat of August 16th 2007 when the dow lost 500 points and the regained everything. It fell to 12500, closed at 13,000 and surged to 14,000 shortly after.

Consumer spending is key.

No slowdown. No negative GDP.

The restaurants and colleges are packed with people. NO slowdown in traffic. NO signs of economic weakness unless you happen to work in the mortgage or finance industry.Credit card spending is showing no signs of slowing. Rising wages=more debt=economic growth.

I warned ya'll the rebound was coming.

This is why you don't short when there is no compelling reason to do so.

Some people made money on the downside, but vast majority of people here cover on the smallest uptick. Few here hold short positions long term.

Dow 14,000 next year seems very reasonable.
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remember the famous trading adage... never go off your meds during a bear market !!!!!!!!!!!!!!!
 
Quote from stock_trad3r:

Consumers began to accumulate increasing debt to finanace their lifestyles in the early 80's which continues to this day.

I will concede that an undoing of consumerist, Reagan, supply side economics will cause a catatrophic, multi-decade bear market like the one in Japan. If there is a fundamental change in psychology where consumers form all over the world (especially Brazil, China, Russia, EU, India) decide to stop accumulating debt and become frugal then yea the outcome would be truly devestating; worse than the great depression. A spending crunch would far worse than a fake financial crunch.
But that won't happen. Until there of indications of a contraction in consumrism any selloffs will short lived and recoveries will be 'v' shaped.
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You must speak into a tape recorder as you type this, then play it back. Being in love with the sound of your own voice is the only reason for this nonsense you spout that is seemingly never ending.
 
I'm still optimistic that the money guys and funds will start buying up quality stocks such as GOOG AAPL MOS POT PCX EWZ ect that have been beaten so brutally in the recent weeks. Valuations are looking really attractive at these levels.

Looks like facebook's traffic surged again. Up 50% from last year.

http://blog.searchenginewatch.com/blog/080926-100922

This is where the growth is. You won't hear about web 2.0 internet boom from the doom and gloom pundits who are obsessed with unemployment, inflation, the great depression, deficits, 'taxpayers paying the tab on bailouts' and other nonsense.

How many times does this bear repeating? The US economy IS fundamentally strong.

When the consumer stop spending we're in trouble but that hasn't happened yet. Falling wages and falling personal income would be the first signs of trouble, but that hasn't happened either. I know how the economy works, but I don't really know how stocks work or else I would have sold everything when the spooz was at 1400. Piece of shit MOS and visa keeps falling. No floor it seems.
 
Quote from stock_trad3r:

I'm still optimistic that the money guys and funds will start buying up quality stocks such as GOOG AAPL MOS POT PCX EWZ ect that have been beaten so brutally in the recent weeks. Valuations are looking really attractive at these levels.

Looks like facebook's traffic surged again. Up 50% from last year.

http://blog.searchenginewatch.com/blog/080926-100922

This is where the growth is. You won't hear about web 2.0 internet boom from the doom and gloom pundits who are obsessed with unemployment, inflation, the great depression, deficits, 'taxpayers paying the tab on bailouts' and other nonsense.

How many times does this bear repeating? The US economy IS fundamentally strong.

When the consumer stop spending we're in trouble but that hasn't happened yet. Falling wages and falling personal income would be the first signs of trouble, but that hasn't happened either.
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remember the famous trading adage... never go off your meds during a bear market !!!!!!!!!!!!!!!
 
What planet is dowtrader living on. This is a nightmare. What are all the reports coming out about consumer spending. None optimistic that I see. What about 401ks etc. Whatever he's on he should market it.
 
Consumer CREDIT drops most in 10 yrs, just released.

How do you expect the consumer to "consume" w/o their precious credit (cards)??

Face it, economy is in serious trouble, if you are banking (no pun intended) on the consumer spending their way out of this, you're in for a serious wake up call.


Quote from stock_trad3r:

I'm still optimistic that the money guys and funds will start buying up quality stocks such as GOOG AAPL MOS POT PCX EWZ ect that have been beaten so brutally in the recent weeks. Valuations are looking really attractive at these levels.

Looks like facebook's traffic surged again. Up 50% from last year.

http://blog.searchenginewatch.com/blog/080926-100922

This is where the growth is. You won't hear about web 2.0 internet boom from the doom and gloom pundits who are obsessed with unemployment, inflation, the great depression, deficits, 'taxpayers paying the tab on bailouts' and other nonsense.

How many times does this bear repeating? The US economy IS fundamentally strong.

When the consumer stop spending we're in trouble but that hasn't happened yet. Falling wages and falling personal income would be the first signs of trouble, but that hasn't happened either. I know how the economy works, but I don't really know how stocks work or else I would have sold everything when the spooz was at 1400. Piece of shit MOS and visa keeps falling. No floor it seems.
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Quote from stock_trad3r:

Fundamentals are key. Unless those change you will make the most money on average just going long. Those who bought GOOG at 550 will make more money in the next two years than most people who went short in in the past few weeks.
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Fundamentals are NOT the key and haven't been the key for years. They have had nothing to do with stock prices in the last 15 years. It was easy credit that caused inflated assent bubbles and pushed prices up. The P/E of the SP500 still points to the fact that prices on stocks are still a complete rip-off.
 
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