Dow Jones is about to hit 13000

Doesn't look good for investors. The DJIA has dropped almost 180 points this morning and is about to drop below 13000. I don't know, but this could be a deciding number for short term investors and spark panic sell-offs. DJIA

tell me about it I lost a solid $70 in my 401k alone.

So this is a great time to BUY! When everyone is bailing out and stocks are cheap, load up on the discards, wait until they all pile back in, THEN sell. It's the American Way - just as Warren Buffet...

p.s. Buy (when) LOW, sell (when) HIGH!

Good luck...

I just unloaded about 1000$ worth of stock today. I don't see things improving much in the near future.

At last glance it was at 12,999 .. no, it doesn't look good.. but good ridence, I am hoping the markets fall enough to finally get my fiancee to move with me out of the states.

And for those who advise you to buy, like that guy a few post above.

Dont.

You buy at 12,999 because it was cheaper then 13,900, and it drops to 10,000 you lost big time.

reply to post by Rockpuck


Where are you moving to Rock?

Do you see a better place to set up camp?

Becker

reply to post by Becker44


Europe, not to escape the economy here, but rather to escape America in general. Not my kind of people.

reply to post by Rockpuck


OK Ireland it tis me boy, just make sure you bring a poncho.

Tis a bit wet ya know.

Good luck and stay on ATS.

Becker

Originally posted by Rockpuck
And for those who advise you to buy, like that guy a few post above.

Dont.

Yes - absolutely - please don't buy! Rock is right. Sell. Sell everything you have now. Forget what I said. I was wrong. It was bad advice. Can you try and sell by Wednesday. please?

(That gives guys like me (average of 42.6%/yr gain five yrs running) all the more profit to make on this cycle).

So be afraid - be very afraid. SELL Now!

We now return you to your regularly scheduled programming...

ps. For idiots like me; here's a few to consider today: NX, PAR, XRM, ENS, FSLR.

For everyone else - stay the course, follow the lemmings - please sell as fast and as much as you possible can!

reply to post by Outrageo


My only disagreement on your aformentioned picks would be concerning FSLR. I'm in the short sell camp with them.

seekingalpha.com...

The others seem like solid plays, not quick hits but moderate term winners.

Becker

reply to post by Rockpuck


GOOD BYE!!!! Thanks for playing.............

Oh yeah - First Solar is going to be huge - hold on to it Beck - buy more if you can... (Note: That's for Becker ONLY! The rest of you just keep selling everything you've got - especially FSLR!!).

p.s. related top-notch buy is WFR, the solar cell materials manufacturer. The oil-crap and 'green' movement will make both of these strong winners.

Buy Silver or GOLD!

Period, Alex Jones knows what he is talking about.

They are going to crash the economy to oblivion and then pose as saviors with a NAU and a new currency

And still the Leo Wanta Scandal lingers on...

Just so you know, I got the latest Podcast up and ready at...
(( latest 18th Nov just been added tonight ))

The Global Economic Scandal - Podcasted mp3's

The latest interesting things to happen on the telly, were the Scrutiny Committee Chairman (Scottsman like meee!) on channel 4's John Snow news at 7. And he was really nervous...

Its now becoming obvious to the politicians in the UK that they cant buy their way out of this one. And allthough i trully sympathise with all the people losing out in the USA (soz all) I really do fear now that we in the UK are next...

And still, the BBC's quite pathetic reporting on the news at 10, with no substance whatsoever, and the Scrutinee Committees total incapability of holding anyone to account, leaves me quite staggered...

But, of-course, you do have to sympathise with them, because once the general population finds out what has been going on, and they will, Bush Snr will not be the only person linched thats for sure...

Its been pointed out many times, that theres not much evidence to tie the Leo Wanta Scandal to current events, but speaking personally, i have been watching the UK news like a hawk, including PMQs etc, and i am now very sure they all know whats up, and they are really scared...

And who was our Chancellor before, Gordon Brown. Oooh, the muds really gonna stick this time...

And finally, if the Leo Wanta turns out to be true, along with the latest allegations (download podcasts above to listen) all the people covering this scandal up, along with my local MP Jacqui Smith, will effectivelly be liable as conspirritore to covering this all up, along with Organisations like the BBC, who in time, it will be found, were not reporting on the facts, but were instead compramised by internal conflicts of interests regarding outside ????? - I'll save that one for another day...

But hey, seriously, i really dont know, Im just some-one that wasnt taken seriously by my local Redditch Borough Council a while back so Im probably just bitter. But I will save all that for a much later post tooo...

The Global Economic Scandal - Podcasted mp3's

delete

[edit on 20-11-2007 by cpdaman]

reply to post by Outrageo


I agree BUY!, but unless folks can watch the market quite frequently, they would be better off not buying individual stocks, but instead diversified mutual funds in IRA's and ETF's in taxable accounts. To get good US and International market exposure you could simply just buy two ETF's symbols, RSP and CWI.

Of course what eveyone should depends on their tolerance for risk and their individualfinancial goals. That said, someone young should be buying very aggresively everytime they have excess cash available. Everytime, without exception. Has never failed to make someone wealthy if they stuick with it.

So far this has been a pretty well controlled 'DeFlation' of the Dow, but the momentum is picking up and it won't last for long. Why on earth do you think so many countries are switching to Euro's? It's almost as if the alarm has sounded and ship is slowly being abandoned but once the real truth of our banking system becomes known then the pace will pick up.
The American dollar is soon to be a useless piece of paper.
So I leave you with two words: Gold & Silver.

i think because the seasoned traders have never seen a great depression they assume most all they have experienced in their trading lives, is the rule for the future (some ups, some downs, but more ups than downs)

i think this creates a bias that down and out is not even in the decision set, because besides "it always goes back up", and it's just the way it's always been. Not to mention that it may be difficult to be willing to believe that such a long severe recession may be in america's future if you have a family and employment here (it's just a pretty depressing thought) so why think about it until you have to (hopefully never will).

I argue that the new trading options such as structured finance and leveraged financing which have NOT been part of stock market history for 10 years, and have never fully been "stress tested" like derivatives, and hedge funds are going to unravel as this expansion of credit cycle can't continue for ever. The yen appreciating is one thing that will bring asset prices down, another is the collateral damage from the housing investment vehicles that are causing huge writedowns, and we IMO have on seen the tip of the iceberg. Combine this with the fact our jobs have been outsourced and this is something relatively new to our economy, which means a consumer spending recession could snow ball into more unemployment and then less spending and so on. Throw this on top of a falling market thanks to structured finance and the associated risks that accompanied the high reward (reaped by many in the last decade) and you have less spending, less retail sales, less employment, etc.

Our currency is in a downward trend (which everyone knows by now) although i think any possible world stock market recession could be good for the dollar, also baby boomers are going to be retiring more (or are scheduled to) and the next generation doesn't seem as driven.

At what point do you concede the "you can't think like that (negative) about the economy, and weigh the risks that this is not your fathers economy, or market, or currency, and nations do rise and fall.

what signs would be out there if you are willng to look (that the economy and market may fall and not get up?) Plans for a NAU, the amero? You have to assume it is a possibility

( and just because some people understood this long term direction 5 -10years ago and tried to put a date on it like 2006 , does not mean it still won't happen) it may just mean these things are tuff to determine, especially as the other option (economic recovery and prosperity) looks bleak.

Originally posted by Outrageo
So this is a great time to BUY! When everyone is bailing out and stocks are cheap, load up on the discards, wait until they all pile back in, THEN sell. It's the American Way - just as Warren Buffet...

p.s. Buy (when) LOW, sell (when) HIGH!

Good luck...

Yeah, in my experience, it's generally a bad idea to buy stocks when high. And this second sentence is to make sure I have more than one line in my post.

forex.tradingcharts.com...

notice the EURO: YEN

better known as the appetite for risk, in this leveraged casino we call a market

the appetite is up as of this posting (162.95) and that means the stock market will be 2 at least through early trading and probably in a big way 150 plus

update the chart around 2 pm or so and you will see if it heads south of 161 the markets eat their gains or 161.5 eat half them, 162 maintain, 163 even bigger day (250 plus) this is my opinion, but just go back to check.