reply to post by Agit8dChop
Alright...lets get one thing straight. The financial sector is beat up granted, but a lot of those other sectors everyone points out is down and
their losses being masked by the rise in oil stocks are down because of the cost of oil. So...now if we see a pull back in oil stocks due to a
decline in oil we will not see a melt down in the markets. Those beat up stock (not financials) will gradually rise as oil comes down and costs go
lower. Stop screaming that the markets are already lower without the run up in oil stocks. Take the financials out of the picture and we are going
through cycles. Cycles we have seen over and over again in these markets. Oil price goes up.......airlines go down. Gas prices go up.....retailers
go down.... Am I the only one out there making money in these markets? Everyone has been complaining about the rising price of oil and food costs.
have any of you invested in these stocks?
AGU, MOS, TNH, POT.....these agriculture stocks are strong as hell. All kinds of oil plays are working. natural gas stocks too.
Stop all your complaining and do something for yourself. You don;t need a lot of money, so I don;t want to hear that. Got $500???? If you had
bought 100 shares of FPP recently you could have doubled your money. Want another oil play?? MXC.... PDO...CLR.....I could go on for an hour. But
last time I started naming companies or stocks I was accused of touting my book and was banned. Please don;t ban me again.
All I am saying is as bad as things are....do a little homework and make things work for you...There are 2 sides to every trade.....For every winner
there is a loser..... You can't be a winner if you don;t play the game.... Research..Research...research....and you won't be a loser. Let your
winners run and cut losses!!! Cliches? Yes, but oh so true.
When there is blood in the streets BUY!!!!!!!!!!!!!!!!! All the panic selling has happened. I am not saying the panic has happened already I am just
using another cliche to prove my point.
Do I see a market sell off happening?? I sure hope so. We can't go up until we have one. Again cycles.... You can not go back up and set new
highs until old money is taken out. We have a lot of support in the 11,500 - 12,000 on the DOW ... what does that mean??? lots of supply here. If
we break below certain points without demand for stock, selling will accelerate and new lows will be put in. Once we reach a bottom, expect us to
stay there. You have to see accumulation of stocks taking place in order to put a new floor in. Once this floor is in place the markets will go up
1 think you need to know is economics 101. Supply and demand.... You might not know but that what the stock market is all about... If there is not
enough supply or demand is strong prices go higher. Too much supply or not enough demand and we go lower. It really is that simple. Do you really
think their is an intrinsic value for a stock??? Hell no.. When valuing a stock you look at where the price could go over time based on earnings
power and dividends, or thats what they teach you in school. Know what?? It's bull crap. If people want stock in a company they are willing to buy
up the stock at higher and higher prices. Expectations of performance be damned. If people are buying, I want in....that the mentality.... that's
how supply and demand works here. The stock market is a game. I have learned that over time. Get good at the game and you come out ahead. When
trading you learn, be early in and out even faster.
This is your lesson for the day and sorry if I went off topic, but since the OP's article is about what some idiot at RBS is saying.....lets look at
RBS's track record!! Recently they are scraping the bottom of the barrel and I have been using them as sort of a "do what ever they say not to
For full disclosure.......still long agriculture stocks, still long some oil stocks, still short financials (but have been long and short them
regularly since the Bear Sterns collapse, ran them up and ran them down < see there really is 2 sides to every market>). Long the US$ since the last
week of April and currently short the Euro.
[edit on 19-6-2008 by traderonwallst]
[edit on 19-6-2008 by traderonwallst]