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#############################################Quote from $CostAverageMAN:
And seriously looking into breaking up these IRA accounts into many different brokerage firms (What a nightmare for trading).....
So I have been in the process of setting up some other accounts around different financial institutions....And I must say as a new user of Interactive Brokers I am pleased with the platform...So far...
Well it will be ashame when things calm down cause the moves that are being made are the biggest I have ever seen in my trading/investing life.....FINANCIAL CRISIS=VOLATILITY SPIKES=$$$$$
The price action on the (what I am calling) "THE STOCK OR STOCKS OF THE DAY" is like I have never seen (at least on institutionally owned Large Caps)....There was action everywhere as I'm sure you all saw and traded, but I had to post at least one position I opened up today as I was quite proud of the price I got......
You may of guessed it....Good old Morgan Stanley......I'm showing the low of the day at 11.70, but I was there and I can promise you that it didn't last for maybe a nanosecond....Anyways opened up some size at 12.82 and dam proud of it....I'm hoping that buying it at the same price it was in AUGUST of 1996 may pay off in the long run....
Thanks government I appreciate the late night meeting....Maybe one of the only things this government has ever done in the midnight hour that could be helpful.....
I posted a chart
$COSTAverageMAN
COST
does this name mean much in the (US-) world of advisors:
www.NavellierQuantum.com
From today's letter:
""You neednât take my word that the Paulson plan is a loserâthe marketâs 372-point decline is all the proof that you need to know that the Wall Streetâs excitement has waned...
Truth is, in my 23 years as a financial advisor, Iâve never seen such a frightening global scenario:
Where bankers have given up on the banking system
The world has finally said âthanks but no thanksâ to the almighty dollar
Inflation is out of control
Money market funds are failing, and
Investors are fleeing to the âsafetyâ of gold and commodities en masse...
Just as I said they would when I told my readers to get out of Bear Stearns, Lehman Brothers, and AIG more than six months ago.
Truth is, my friend, Paulsonâs $700 billion bailout plan is simply hiding the fact that our financial system is broken.""
AND:
how about this adsvisor?:
The Motley Fool · 2000 Duke St. · Alexandria, VA 22314
http://www.fool.com/
or:
/www.fool.com/investing/general/2008/09/04/the-wall-street-panic-of-2008.aspx
Wonder whether they are just good salesmen.
Thank you.
Charly
Help me out here guys...Here is what I'm hearing.....
"Hanyesville Gas field"....International Paper....Weyerhaeuser....Mineral Rights?
REITS? TRUST? any news out there?
Also there are a few pipelines that run all along this area.....Anybody know who the big pipeline players are in this area? I have a few ideas, but would be nice to bounce a few thoughts around with someone knowledgeable...
Another Map for Mineral right for Weyerhaeurser...Link...(Too big of a picture)
http://www.weyerhaeuser.com/pdfs/businesses/minerals/NorthLouisianaOwnership.pdf
http://www.internationalpaper.com/F...urces/Coal_Bed_Methane/Louisiana/Webster.html
Might just go bid on a few Mineral Rights myself? Just Kidding, but looking for the best angle here
$COSTAverageMAN
"Hanyesville Gas field"....International Paper....Weyerhaeuser....Mineral Rights?
REITS? TRUST? any news out there?
Also there are a few pipelines that run all along this area.....Anybody know who the big pipeline players are in this area? I have a few ideas, but would be nice to bounce a few thoughts around with someone knowledgeable...
Another Map for Mineral right for Weyerhaeurser...Link...(Too big of a picture)
http://www.weyerhaeuser.com/pdfs/businesses/minerals/NorthLouisianaOwnership.pdf
http://www.internationalpaper.com/F...urces/Coal_Bed_Methane/Louisiana/Webster.html
Might just go bid on a few Mineral Rights myself? Just Kidding, but looking for the best angle here
$COSTAverageMAN
I Had a very good day today.....
This was the thread I was posting on today...
http://www.elitetrader.com/vb/showthread.php?s=&threadid=138824
And to all the congressmen and women who want to see Rome burn and voted NO today...I can't wait to see what other crap they can throw into this bill...It's rubber stamped regardless at this point... Lets see if our leaders (protecting the tax payers) can show a little restraint and not "pork" it over 1.4 trillion with every little program they can dream up
"I was thinking of my constituents when I voted today"....I heard this crap all day..
George Carlin tells it straight....Congress listened to people who he describes perfectly...
A little $COSTAverageMAN Humor
http://nl.youtube.com/watch?v=3M5Xm5RYTRY&feature=related
This was the thread I was posting on today...
http://www.elitetrader.com/vb/showthread.php?s=&threadid=138824
And to all the congressmen and women who want to see Rome burn and voted NO today...I can't wait to see what other crap they can throw into this bill...It's rubber stamped regardless at this point... Lets see if our leaders (protecting the tax payers) can show a little restraint and not "pork" it over 1.4 trillion with every little program they can dream up
"I was thinking of my constituents when I voted today"....I heard this crap all day..
George Carlin tells it straight....Congress listened to people who he describes perfectly...
A little $COSTAverageMAN Humor
http://nl.youtube.com/watch?v=3M5Xm5RYTRY&feature=related
A wonderful comment from
"Stocks in the Spotlite" :
"""WHO AM I ??????
I am one of the people behind the greatest financial disaster of all time. My buddy, Mr. Ben Bernanke, also deserves some of this great credit for setting Rome on fire. Now you can't blame me entirely, as I only helped in carrying the dynamite. I had nothing to do with the present day turmoil, even if just about a year ago I got on TV and told all of you that you had nothing to worry about.
Don't know yet?
I am friend of Alan Greenspan, the greatest economic mind that ever read mad magazine. A man that did nothing but use big words even he did not know the meaning. a man that did nothing, after lighting the fuse. As a matter of fact, Ben is currently spending time learning some really big words so he can be more like Alan when he turns over the reigns of this funniest of institutions.
Don't know yet?
Try this on for size. I want you people to give me at least $700 billion that I may do with as I please. You will not be allowed to ask me how I spent it or on whom. I alone know what is needed and I alone will fix it. Since I have been total insane in all my projections, why change now. We will be losing GW soon and you will need another Joker to throw jabs at. Trust me! I am the man!
Need a hint? How about Henry Paulson?
Seriously, I am just having a bit of fun, but what is so amazing, is our fearless leaders were almost ready to do exactly that. Give billions of dollars to one of the dumbest minds in Washington. Henry, Ben and Alan need to go on down the road. Not until they are gone, along with their fix-it-up programs, will things start to get better.
These men are, or were, in charge of monitoring the economy and taking steps to keep inflation in check. The problem! Not one of them knew how to spell inflation, or what it meant. A big problem is that when we discover we have incompetent people at the Helm, we don't make them walk the plank.
I hate to keep beating a dead horse, but these guys are dead wrong and since nothing they have suggested over the last few years has worked, why should anyone listen to them now. It proves that some people can be highly intelligent and at the same time incredibly stupid.
WE DO NOT NEED TO BAIL OUT THE BANKS.
IF WE WANT TO BAIL OUT, BAIL OUT THE MORTGAGE HOLDERS.
My proposal would be to make all the mortgages held by Fannie & Freddie (4) four percent loans. This way Americans will be able to afford the payments, the banks will not have to foreclose and the extra saving will go right into the economy, making the bite of the "Bush Barrel of Oil" a bit easier to handle. In about 5 years, using an average, many of these homeowners will sell and move on. By selling the loan is paid off and the government has one less house to worry about.
Anything is better than giving the money to Henry, Ben or Alan. Of course, we could give it to King George, cause he could spend $700 billion on dinner.
Maybe if we don't give them anything, everything will turn out just fine. The Asian Sheiks can buy our banks for change, since the mighty greenback has been beaten to oblivion, and won't have to bomb us in order to own us.
When we allow the government to cover up for losses that happens just "in the good old boy network", we are allowing crime to pay and pay well. Stop all this talk of a financial melt-down. Not now and not if we let the banks fold. We cannot allow Henry, Ben or Alan to continue to help their buddies. Remember, these are the guys at the root of the problem. They are contagious and if we allow them to fester the entire tree will end up falling down.
The Bail-Out has taken charge of the front page, but all it is doing is adding one more piece to the man-made disaster in the housing markets. This is not the end, but another shoe. We can't sell the farm to save the pigs, because we still need a place to keep the pigs.
The ranks of the unemployed Americans are swelling, prices are climbing on everything from diapers and all that things used to fill them up, oil prices seemed to have found support at somewhere over a hundred bucks and precious metals are looking like they may bounce up again. """
"Stocks in the Spotlite" :
"""WHO AM I ??????
I am one of the people behind the greatest financial disaster of all time. My buddy, Mr. Ben Bernanke, also deserves some of this great credit for setting Rome on fire. Now you can't blame me entirely, as I only helped in carrying the dynamite. I had nothing to do with the present day turmoil, even if just about a year ago I got on TV and told all of you that you had nothing to worry about.
Don't know yet?
I am friend of Alan Greenspan, the greatest economic mind that ever read mad magazine. A man that did nothing but use big words even he did not know the meaning. a man that did nothing, after lighting the fuse. As a matter of fact, Ben is currently spending time learning some really big words so he can be more like Alan when he turns over the reigns of this funniest of institutions.
Don't know yet?
Try this on for size. I want you people to give me at least $700 billion that I may do with as I please. You will not be allowed to ask me how I spent it or on whom. I alone know what is needed and I alone will fix it. Since I have been total insane in all my projections, why change now. We will be losing GW soon and you will need another Joker to throw jabs at. Trust me! I am the man!
Need a hint? How about Henry Paulson?
Seriously, I am just having a bit of fun, but what is so amazing, is our fearless leaders were almost ready to do exactly that. Give billions of dollars to one of the dumbest minds in Washington. Henry, Ben and Alan need to go on down the road. Not until they are gone, along with their fix-it-up programs, will things start to get better.
These men are, or were, in charge of monitoring the economy and taking steps to keep inflation in check. The problem! Not one of them knew how to spell inflation, or what it meant. A big problem is that when we discover we have incompetent people at the Helm, we don't make them walk the plank.
I hate to keep beating a dead horse, but these guys are dead wrong and since nothing they have suggested over the last few years has worked, why should anyone listen to them now. It proves that some people can be highly intelligent and at the same time incredibly stupid.
WE DO NOT NEED TO BAIL OUT THE BANKS.
IF WE WANT TO BAIL OUT, BAIL OUT THE MORTGAGE HOLDERS.
My proposal would be to make all the mortgages held by Fannie & Freddie (4) four percent loans. This way Americans will be able to afford the payments, the banks will not have to foreclose and the extra saving will go right into the economy, making the bite of the "Bush Barrel of Oil" a bit easier to handle. In about 5 years, using an average, many of these homeowners will sell and move on. By selling the loan is paid off and the government has one less house to worry about.
Anything is better than giving the money to Henry, Ben or Alan. Of course, we could give it to King George, cause he could spend $700 billion on dinner.
Maybe if we don't give them anything, everything will turn out just fine. The Asian Sheiks can buy our banks for change, since the mighty greenback has been beaten to oblivion, and won't have to bomb us in order to own us.
When we allow the government to cover up for losses that happens just "in the good old boy network", we are allowing crime to pay and pay well. Stop all this talk of a financial melt-down. Not now and not if we let the banks fold. We cannot allow Henry, Ben or Alan to continue to help their buddies. Remember, these are the guys at the root of the problem. They are contagious and if we allow them to fester the entire tree will end up falling down.
The Bail-Out has taken charge of the front page, but all it is doing is adding one more piece to the man-made disaster in the housing markets. This is not the end, but another shoe. We can't sell the farm to save the pigs, because we still need a place to keep the pigs.
The ranks of the unemployed Americans are swelling, prices are climbing on everything from diapers and all that things used to fill them up, oil prices seemed to have found support at somewhere over a hundred bucks and precious metals are looking like they may bounce up again. """
Had to go find an old post to highlight this DOW 10000 day!!!! Many Lessons have been learned in the past
How one can view a market when It's over bought...(not saying it is, just a funny example!!!)
I look at the Market as a "Ponzi Scheme", Ponzi said he could double your money in a year. one man believed him..Ponze then spent that year looking for 2 new people to believe him..he found them, took their money and at the end of the first year.. the first man got twice the amount he gave Ponzi...Word broke out around town that Ponzi could double your money and everyone before you new it was giving Ponzi money and for years he kept doubling the EARLY INVESTORS money...A PYRAMID SHEME...Ponzi had so much money that he left town and lived a luxurious life..
Moral of the story.... lets hope your not the man with the paper when the buyers disappear on speculative sh#t....
I did like my little story and It can apply to the market...and the illiquidity of a market during a correction.... (Hence the ILL can make you sick not being able to get out of a position as $$ disappears similar to light in a black hole) ..... (Not saying we are going there)
///Corrections are kind of like "Ponzi" skipping out of town.... leaving the late investors/speculators with the HOPE that one day he will come back and just give them their $$$ back...EX: JDSU, LU, CIEN...If these apply to you... I'm sorry and hope you dollar costed like 20 times on the way down... You may just break even soon(It's been along 6 years though) Don't forget to adjust for "inflation and risk free rate"....Sorry thats just MEAN..
---------------------------------------------------------------------------------
AKA "BLACK MONDAY"
When: October 21, 24, and 29, 1929
Where: USA
---A string of terrible days led to a more than 40% drop in the market from the beginning of September 1929 to the end of October 1929. In fact, the market continued to decline until July 1932 when it bottomed out, down nearly 90% from its 1929 highs. --------------"Ponzi skips town"---------------
---Americans were as bullish as ever. The stock market was guaranteed to make everyone rich as the first world war had been won, and industrialization was resulting in previously-unimaginable luxuries. It was a good time to be American.
----------------------------------------------------------------------------------
THE CRASH OF 1987
When: October 19th, 1987
Where: USA
---The amount the market declined from peak to bottom: 508.32 points, 22.6%, or $500 billion lost in one day. The largest one-day percentage drop in history.
---This was the crash that everyone expected but could not justify because of the work of the U.S. Securities and Exchange Commission. The SEC--which was established for the prevention of further crashes and fraudulent practices that had infected the stock market--was doing a fine job after the war and finally coaxed tentative investors back into the market in the sixties.
"What the little guy is back--heard that recently"
The SEC, however, COULD TAKE INVESTORS TO THE PROPER INFORMATION BUT COULDN'T MAKE THEM THINK. In the early sixties and seventies, investors looked not at the value of the company but at the appeal of its public image and the vernacular used to describe it. The following kinds of over-embellished company sketches would attract the public eye. Investors were infatuated with these companies, which somehow represented some higher idea and purpose. EX. TODAY "GOOG","AAPL","HANS", "NTRI"
Fortunately, the newbie chairman of the Fed, Alan Greenspan, was around to help fight off a depression by preventing the insolvency of commercial and investment banks.
"What was that we corrected after a new Fed Chairman"
((Not saying these companies aren't good just some people LOAD THE BOAT UP not knowing anything, but they are talking about it on CNBC))
---------------------------------------------------------------------------------
The Asian Crash (or Crises)
When: 1989-2004
Where: Southeast Asia but primarily Japan
Percentage Lost From Peak to Bottom: 63.5% as of 2003.
---The Japanese have an uncanny ability to enhance what they adopt from the Americans (market economy). Sadly, the Japanese have picked up on crashes as well and made theirs a lot bigger than any one historical American crash. The crash of the Nikkei has morphed into a massive, surly bear that attacks any signs of recovery. It all started with the a boom/bull market of the 1980s.
"Just don't get stuck with depreciating Paper"
--------------------------------------------------------------------------------
The Dot-Com Crash
When: March 11th, 2000 to October 9th, 2002
Where: Silicon Valley (for the most part)
Percentage Lost From Peak to Bottom: The Nasdaq Composite lost 78% of its value as it fell from 5046.86 to 1114.11.
---------------------------------------------------------------------------------
The Florida Real Estate Craze
When: 1926
Where: Florida
The amount the market declined from peak to bottom: Land that could be bought for $800,000 could, within a year, be resold for $4 million before crashing back down to pre-boom levels. The prices were so inflated that to buy a condo-style property in 1926, you would've had to pay the same as you would now have to pay for a luxury home in the guard-gated communities in Miami ($4,500,000)--without adjusting for inflation!
"SOUNDS FAMILIAR"
As hindsight is always 20/20, we should take the time to highlight what we can learn from these past tragedies.
First off, we should point out that most market volatility is all our fault. In reality, people create most of the risk in the market place by inflating stock prices beyond the value of the underlying company. When stocks are flying through the stratosphere like rockets, it is usually a sign of a bubble. That's not to say that stocks cannot legitimately enjoy a huge leap in value, but this leap should be justified by the prospects of the underlying companies, not just by a mass of investors following each other. The unreasonable belief in the possibility of getting rich quick is the primary reason people get burned by market crashes. Remember that if you put your money into investments that have a high potential for returns, you must also be willing to bear a high chance of losing it all.
Another observation we should make is that regardless of our measures to correct the problems, the time between crashes has decreased. We had centuries between fiascoes, then decades, then years. We cannot say whether this foretells anything dire for the future, but the best thing you can do is keep yourself educated, informed, and well-practiced in doing research.
$COSTAverageMAN
How one can view a market when It's over bought...(not saying it is, just a funny example!!!)
I look at the Market as a "Ponzi Scheme", Ponzi said he could double your money in a year. one man believed him..Ponze then spent that year looking for 2 new people to believe him..he found them, took their money and at the end of the first year.. the first man got twice the amount he gave Ponzi...Word broke out around town that Ponzi could double your money and everyone before you new it was giving Ponzi money and for years he kept doubling the EARLY INVESTORS money...A PYRAMID SHEME...Ponzi had so much money that he left town and lived a luxurious life..
Moral of the story.... lets hope your not the man with the paper when the buyers disappear on speculative sh#t....
I did like my little story and It can apply to the market...and the illiquidity of a market during a correction.... (Hence the ILL can make you sick not being able to get out of a position as $$ disappears similar to light in a black hole) ..... (Not saying we are going there)
///Corrections are kind of like "Ponzi" skipping out of town.... leaving the late investors/speculators with the HOPE that one day he will come back and just give them their $$$ back...EX: JDSU, LU, CIEN...If these apply to you... I'm sorry and hope you dollar costed like 20 times on the way down... You may just break even soon(It's been along 6 years though) Don't forget to adjust for "inflation and risk free rate"....Sorry thats just MEAN..
---------------------------------------------------------------------------------
AKA "BLACK MONDAY"
When: October 21, 24, and 29, 1929
Where: USA
---A string of terrible days led to a more than 40% drop in the market from the beginning of September 1929 to the end of October 1929. In fact, the market continued to decline until July 1932 when it bottomed out, down nearly 90% from its 1929 highs. --------------"Ponzi skips town"---------------
---Americans were as bullish as ever. The stock market was guaranteed to make everyone rich as the first world war had been won, and industrialization was resulting in previously-unimaginable luxuries. It was a good time to be American.
----------------------------------------------------------------------------------
THE CRASH OF 1987
When: October 19th, 1987
Where: USA
---The amount the market declined from peak to bottom: 508.32 points, 22.6%, or $500 billion lost in one day. The largest one-day percentage drop in history.
---This was the crash that everyone expected but could not justify because of the work of the U.S. Securities and Exchange Commission. The SEC--which was established for the prevention of further crashes and fraudulent practices that had infected the stock market--was doing a fine job after the war and finally coaxed tentative investors back into the market in the sixties.
"What the little guy is back--heard that recently"
The SEC, however, COULD TAKE INVESTORS TO THE PROPER INFORMATION BUT COULDN'T MAKE THEM THINK. In the early sixties and seventies, investors looked not at the value of the company but at the appeal of its public image and the vernacular used to describe it. The following kinds of over-embellished company sketches would attract the public eye. Investors were infatuated with these companies, which somehow represented some higher idea and purpose. EX. TODAY "GOOG","AAPL","HANS", "NTRI"
Fortunately, the newbie chairman of the Fed, Alan Greenspan, was around to help fight off a depression by preventing the insolvency of commercial and investment banks.
"What was that we corrected after a new Fed Chairman"
((Not saying these companies aren't good just some people LOAD THE BOAT UP not knowing anything, but they are talking about it on CNBC))
---------------------------------------------------------------------------------
The Asian Crash (or Crises)
When: 1989-2004
Where: Southeast Asia but primarily Japan
Percentage Lost From Peak to Bottom: 63.5% as of 2003.
---The Japanese have an uncanny ability to enhance what they adopt from the Americans (market economy). Sadly, the Japanese have picked up on crashes as well and made theirs a lot bigger than any one historical American crash. The crash of the Nikkei has morphed into a massive, surly bear that attacks any signs of recovery. It all started with the a boom/bull market of the 1980s.
"Just don't get stuck with depreciating Paper"
--------------------------------------------------------------------------------
The Dot-Com Crash
When: March 11th, 2000 to October 9th, 2002
Where: Silicon Valley (for the most part)
Percentage Lost From Peak to Bottom: The Nasdaq Composite lost 78% of its value as it fell from 5046.86 to 1114.11.
---------------------------------------------------------------------------------
The Florida Real Estate Craze
When: 1926
Where: Florida
The amount the market declined from peak to bottom: Land that could be bought for $800,000 could, within a year, be resold for $4 million before crashing back down to pre-boom levels. The prices were so inflated that to buy a condo-style property in 1926, you would've had to pay the same as you would now have to pay for a luxury home in the guard-gated communities in Miami ($4,500,000)--without adjusting for inflation!
"SOUNDS FAMILIAR"
As hindsight is always 20/20, we should take the time to highlight what we can learn from these past tragedies.
First off, we should point out that most market volatility is all our fault. In reality, people create most of the risk in the market place by inflating stock prices beyond the value of the underlying company. When stocks are flying through the stratosphere like rockets, it is usually a sign of a bubble. That's not to say that stocks cannot legitimately enjoy a huge leap in value, but this leap should be justified by the prospects of the underlying companies, not just by a mass of investors following each other. The unreasonable belief in the possibility of getting rich quick is the primary reason people get burned by market crashes. Remember that if you put your money into investments that have a high potential for returns, you must also be willing to bear a high chance of losing it all.
Another observation we should make is that regardless of our measures to correct the problems, the time between crashes has decreased. We had centuries between fiascoes, then decades, then years. We cannot say whether this foretells anything dire for the future, but the best thing you can do is keep yourself educated, informed, and well-practiced in doing research.
$COSTAverageMAN
FYI....I just went on a closed end fund buying spree.......I love limit orders on these things during panic selling......Back in the market...finally
$COSTAverageMAN
$COSTAverageMAN