The time 2 buy is now big rally coming

Quote from dac8555:

1. not a big deal? third largest point drop on the dow of all time...

2. Learn to spell "panic". the government trying to stop growth and investment of the fastest growing emerging market is a HUGE deal...which is why the market dropped 9%.

3. "profit taking"...famous last words.

4. every oter indicator is positive? like housing?

5. Terror under control??? according to whom? last i looked we were losing the war.

6. rate remain stable? last i checked there was a 40% chance of a downward revision by year end.

7. Corporate profits always increase??? since when?

where do you get this crap?
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1. not in terms of percentages ... If the dow were at 100,000 a 1% selloff would be 1000 points

2. um only the chinese market fell 9% AND it is only speculation yet again. Nothing has been set in stone.

3. what else would you call it?

4. Housing is stabale and will probably rebound. The so called housing crash never happened.

5. There hasn't been a terrorist attack on the US since 2001. Also, there havn't been signifigant terror attacks in Europe either. The war on Iraq is ongoing. Bush could end it if he wants to and it wouldn;' affect the security of the US unlike say WW2 were there was NO option to pull out.

6. lower rates=bullish. Indicators point to lower rates or stable rates.

7. um for the past 60 years?
 
I think the crash yesterday had as much to do with the growing role of technology in trading as with the market in China. If updates on the DJIA hadn't lagged behind due to an excess of orders I don't think the resulting drop around 3pm would have been as drastic as it was. So while it is the third largest fall in history, and the largest in the last four years, I wouldn't leap to global, catacalysmic conclusions. (The huge drop only happened after the DJIA corrected.) But then I wouldn't be too optimistic either. The rush to sell and run to treasury bond safety says a lot about the misplaced optimism of risky ventures and speculative enterprises
 
Quote from stock_trad3r:

1. not in terms of percentages ... If the dow were at 100,000 a 1% selloff would be 1000 points

2. um only the chinese market fell 9% AND it is only speculation yet again. Nothing has been set in stone.

3. what else would you call it?

4. Housing is stabale and will probably rebound. The so called housing crash never happened.

5. There hasn't been a terrorist attack on the US since 2001. Also, there havn't been signifigant terror attacks in Europe either. The war on Iraq is ongoing. Bush could end it if he wants to and it wouldn;' affect the security of the US unlike say WW2 were there was NO option to pull out.

6. lower rates=bullish. Indicators point to lower rates or stable rates.

7. um for the past 60 years?
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1, in percantage terms it is still up there...at least i the tiop 10 if not the top 5

2. only speculation?? what do you think it is that we are doing here...every day "is just speculation". what you saw is global markets conceeding that trouble is on the horizon. markets lead economies.

3. i would call it fear.

4. housing is NOT stable and hasnt been for a year or so now.

5. not an attack in the US...that doesnt mean it is under control. the world is a big place..terrorism is growing stronger. strong enough to compete with the US armed forces might i add.

6. Lower rates mean shrinking economy and the fed trying to control unemployment and slow down the fall. do a goole search for "S&P vs. interest rates" for a graph of the correction. there is a positive correlation between interst rates and markets...as intrest rates go down...markets go down. times of a puase in interest rates is a transition period.

7. I would encourage you to review economics 101 in the section called "boom and bust cycles" they DONT ALWAYS go up.. to think they do is ignorance. we are transitioning into a down cycle now.
 
Let's put aside whether your conclusion is right or wrong. Do successful traders even base their decisions on the stuff you said? It sounds like what some mutual fund manager would say. I believe successful traders just look at the charts and their indicators.



Quote from stock_trad3r:

yesterdays selloff wasnt a big deal

no big news or anythign triggered it. Just pannick selling. The chinese gov said somethign but it wasnt a big deal at all.

The selling was the result of people deciding to take profits

Also every other indicator is positive and the nasdaq and dow will continue to rally much higher as if nothign happened.

The nasdaq should hit 2600 in a few months.

Terror under control

rates to remain stable for a long time

no bad news

corporate profits increasing as always

There will probaby be a 1% rally today easily and another 2% by end of week

Recommend

goog, ma, chap, tie, aapl, amr, rimm, bidu, gs
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Quote from formikatrading:

Let's put aside whether your conclusion is right or wrong. Do successful traders even base their decisions on the stuff you said? It sounds like what some mutual fund manager would say. I believe successful traders just look at the charts and their indicators.
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It depnds on your timeframe of trading. If your a daytrader then the charts are very important. if you are alongerterm trader then the charts play a smaller role.
 
Quote from dac8555:

be careful what you believe...mutual fund commentators are paid to make the climate look rosy so you will buy their funds and pay their salaries.

I dont pay attention to any commentaries that are associated with major institutions....experience has tought me they are inaccurate. independents dont have an agenda.
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Very true.

I'm an independent Wealth Manager, and get (literally) bombarded with stuff daily. Some good. Alot... Well, not as good. Probably 80+ e-mails/day from money managers, etc., I can post a day's worth of commentaries if you'd like. LOL! Just kidding. We would be here all day if I did that. Take care!
 
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