The "up-to-the-minute Market Data" thread

Originally posted by pause4thought
reply to post by GreenBicMan

 

On the contrary, I am filling this page with solid information IMO.

Don't forget to keep it 'humble' (-IMHO).

I think Redhatty was concerned you were going into specialist territory that might be a little too tangental. I expect he'll prove more open-minded if you can demonstrate in the short-term that your methods produce graphs that are actually good indicators.

In this instance I can see where you're both coming from.

I have filled this thread with

1. Valid information that can be verified (as in CITI has posted profits)

as well as

2. My personal beliefs (backed up with solid charting information)

I invite anyone to debate me and my information. It just seems like there is a lot of "yeah, but dr. doom said the market was going to 0, so it must", well I think that makes you (not calling out anyone) a sheep as well.

reply to post by GreenBicMan


I just poured myself a cool beer.

Can't wait to see where this is headed.

Let battle commence...

Interesting chart regarding "dead rat bounce" and forward P/E ratios:

www.decisionpoint.com...

(sorry,I haven't gotten the picture-posting down yet so here's link to charts...)

Originally posted by pause4thought
reply to post by GreenBicMan

 

I just poured myself a cool beer.

Can't wait to see where this is headed.

Let battle commence...

Im really not looking for a battle, Im just looking to find out why people think that the market is going to crash from here..

As far am I am concerned I have backed up a lot of what I have stated for now and will continue to in the future. The thing that gets me about this thread is that

1st - One person says something that is most ill-informed.

2nd - Another person quotes them and adds more useless info..

You can see where that heads in a conspiracy website and I am concerned someone might look into this thread and actually invest money by opinion after looking into this thread without their own thought..

Originally posted by irishchic
Interesting chart regarding "dead rat bounce" and forward P/E ratios:

www.decisionpoint.com...

(sorry,I haven't gotten the picture-posting down yet so here's link to charts...)

lol

go into my chart i made of the S&P 500 (i have two) I posted here on the last page

I have identified the same exact thing, but I also let you know where its going to go from there..

this should be another step in gaining some "traction" in this thread

reply to post by GreenBicMan



Respectfully,I am of the opinion as I am also a newbie on this forum/thread that many of the contributing posters have as many years or more of investing experiences as you do life-years and are more than competent and able to base their investing strategies on that experience and continuing research and fact and not only on a few posts in this thread?
Truly I don't believe it's anything you need to be concerned about.

reply to post by GreenBicMan


Let me say this: when the flow is all in one direction it can get stale & perhaps insufficiently critical.

So you are very very welcome.

(Do please beware generalizations, such as "ill-informed" comments, nevertheless. Feel free to pull up specifics & debate the posters though!)

Welcome to the board, incidentally.

reply to post by irishchic


I know of no member here so far that has stated they have day-traded for a living and I really doubt "life experience" ala having a 401(k) qualifies anyone to give any advice in the stock market.

I might be 25 but I have traded heavily, I cant remember a time where I didnt sit down and watch louis rukeyser with my father every night as it was my favorite show when I was little.

Its a shame my dad hates me doing all this because he lost, but older people in general fail to heed the advice of younger people if they have no success IMO, which I know most of you all have been handed your collective a**es in the stock market lately.. but hey.. its a gamble right?

As I said I am thinking monday we are going to gap upwards.. I am hoping I am not wrong for a couple days because then things could get hairy for myself on this thread lol

Originally posted by pause4thought
reply to post by GreenBicMan

 

Let me say this: when the flow is all in one direction it can get stale & perhaps insufficiently critical.

So you are very very welcome.

(Do please beware generalizations, such as "ill-informed" comments, nevertheless. Feel free to pull up specifics & debate the posters though!)

Welcome to the board, incidentally.

I think people are too touchy.. if it is ill-informed thats what it is and should be stated that way.. if someone thinks my charting or information is poor I would like people to say i am ill-informed and then of course tell me why.. and thats what i am doing..

LETS MAKE SOME MONEY PEOPLE

Edit: P4T has talked to me privately about an issue that I tend to agree with and that it is a learning experience for everyone from here.

So true, and wanted to state that from here.

And please people, dont get mad when I call you dumb or ill informed b/c the truth hurts. If I have posted something dumb so far I want you to point it out and I will take my lumps if you can verify it or sway me into your opinion..

Believe me I am totally open to opinions and different ways to trade things.. thats how I got involved in what I am doing in the first place

[edit on 14-3-2009 by GreenBicMan]

[edit on 14-3-2009 by GreenBicMan]

reply to post by GreenBicMan

I know of no member here so far that has stated they have day-traded for a living

A fair few actually. It's apparent from what has been said over the last 2,000+ posts.

Here's a recent snapshot of GM-ers' backgrounds:

www.abovetopsecret.com...

We've got the full range in here, from hard-working housekeepers to hard-working academics. Over on p.2 of the above you'll bump into dolphinfan, for instance:

I have a lot of practical experience. 25 years on Wall Street, ending in very senior roles. I've also got a degree in Economics and Political Theory and spend most of my lesiure time reading about the stuff.

I'd rate myself about a 6-7. I have very indepth knowledge of the securities industry, asset management and banking industries, especially from an operational perspective. I've got a pretty good understanding of macro-economics, particularily as it relates to political environments...

Also, please bear in mind no-one, but no-one is advising on how to invest. We're observing, learning and commenting. It's a collaborative effort to appreciate what's going on, beyond the realm of what's handed to us on a plate in the MSM, and then to get a feel for where it's all heading.

And it's actually more balanced than a simple "It's all downhill from here".

It may just be that you have a more bullish attitude than most in here. That's fine. But you may yet be surprised at how solid some of the research pointing in the other direction is...

reply to post by pause4thought


Nice, I have not seen this..

I invite people with experience like this to comment on my posts..

I also invite these people to post more often..

I love INTELLIGENT DEBATE.. but admit I can be brash or an a** I guess, I am just quite confident in what I am saying, but I swear Ill go to a bar and buy you a beer while I do it if you know what I am saying..

Good info there...

But listen guys, just b/c you have invested for years doesnt make you any more qualified than another.. thats a total myth.

And if you are older, its not like you only have access to charts from when you were alive.. I can find charts from the early 1900's and cross check them against mine just a like 50 year old can as well, so age has nothing to do with technical analysis, and thats all I'm doing,

The above 2 paragraphs were more directed at the member with red hair dancing on a pole (sorry lol cant remember your handle) and anyone else trying to slander me by referencing my age..

Edit: sorry irishchick forgot your handle..

[edit on 14-3-2009 by GreenBicMan]

reply to post by GreenBicMan


Yup...I have a 401K (now more of a 101,HA!) but also @ a million in assets,many made in the stock market.Also own two business ventures that are paid for in full,I own the properties plus a fitness studio(thus the red-hair dancin' on a pole...)and both a ranch in Texas and home in NY.
Retired young and am in many investments for the long-haul so I would agree that you have some valid points about the need to change directions as conditions dictate.

You are absolutely right though: I have never "day traded" Darlin' but I've done okay.

I would venture to assume that many here have more than a 401K.



With "age" comes wisdom and because you felt the need to mention it initially,I am assuming that's why it's being referenced.

[edit on 14-3-2009 by irishchic]

Firs of all I will like to remind people that this thread is for the enjoyment of all members and non members that wants to keep track of the markets, find information, learn about the economy, its reason for volatility, the many other reasons that is affecting the nation and not exclusively the markets alone.

Nobody should influence with opinion others into buying selling or investing in anything at all that will go against TOs of the site.

If any member decide to do that it should done by privately means with the other party involved but not while posting in the board.

While I have enjoyed the Threads opinions, facts, fables and historical views on economic issues I hope it doesn't have to close because somebody may feel that it could use it to lure others into investments ventures.

Just a friendly advise.



[edit on 14-3-2009 by marg6043]

I can't find a story yet, but it just came across the Iran and China signed a 3.2 billion dollar natural gas deal.

When I can find a story I'll edit this post and update it.

____

Uptick Rule Comming Back?



[edit on 14-3-2009 by Hastobemoretolife]

reply to post by Hastobemoretolife


I can tell you this much, some people in markets will not like this one at all.

Now as for China and Iran, I wonder what happen to the controversial deals that China had with oil drilling in Iran during the Bush administration right before the invasion of Iraq, things kind of quiet down after invasion.

Still China and Iran will form an alliance something that they were trying to do during the last 6 years but the Bush administration policies delayed.

Now that the OPEC is getting kind of worry about their oil profits and the prices of oil going down due to nations cutting on oil consumption, China will do best if they align with countries like Iran that until now has been short handed due to US policies.

Things are to start getting very interesting in the future.

I can only Imagine Iran feeling greedy and happy with a total American collapse and China been our biggest lender could very much careless if they decided to have a change of hart when it comes to the US.





[edit on 14-3-2009 by marg6043]

reply to post by marg6043


Agreed.

These "3rd World" Countries such as Iran, and the likes are about to boom, the US has kept them down with sanctions and backroom bullying. Now that China is starting to show major economic prowess on the scale of becoming the next economic power house the US is in a very precarious position. The implications of China starting to form these partnerships with the likes of Russia, Iran, Venezuela, etc. will soon turn into deals with Saudi Arabia, and our other fair weather "allies".

If the Obama admin doesn't make the right moves in the next few months we are looking at 3rd World status.

As far as the Uptick rule, I'm not sure of the implications it will have if reinstated but I do know that it will bar a lot of people from making money on the next downward slope.

Interesting times we do live in.

[edit on 14-3-2009 by Hastobemoretolife]

reply to post by Hastobemoretolife


Tell me about it, China is losing money to the US due to the stagnation of their exports as the American consumer are not spending as they used to due to the economic crisis.

China is going to start looking for more profitable untested and virgin territories that thanks to US policies Iran is one of them.

And with a big plus, they are after all an oil producing country that still most of their resources has not been exploited to the maximum.

With China car using booming and their need of oil they can make profitable deals that benefit both with Iran.

reply to post by marg6043


Add this to the mix

The Chinese dont interfere in a countries affairs


They say they are here for the oil, what you do in your country is your business.....

reply to post by marg6043


Yes they are.

We really need to think about the direction this country is heading. The path we are going down we are going to be left out in the cold. We have to do the opposite of Obama's agenda. This is not the time for partisan politics. We have to let these banks fail, nobody knows what will happen if they let them fail, but I have a feeling that the effect is not going to be as bad as what these people are thinking.

We cannot keep pumping trillions of dollars into these zombie banks or the economy. It is time for a major change in Foreign Policy. It is time to look at everybody and tell them straight up, we can no longer afford to prop up the rest of the world. Globalization has failed and it is time to accept that fact and restructure to what is best for our individual countries.

That is the only recourse I see. We just don't have the money or resources to be able to play Keynesian Economics anymore.

*shrug*

[edit on 14-3-2009 by Hastobemoretolife]

Originally posted by irishchic
reply to post by GreenBicMan

 

Yup...I have a 401K (now more of a 101,HA!) but also @ a million in assets,many made in the stock market.Also own two business ventures that are paid for in full,I own the properties plus a fitness studio(thus the red-hair dancin' on a pole...)and both a ranch in Texas and home in NY.
Retired young and am in many investments for the long-haul so I would agree that you have some valid points about the need to change directions as conditions dictate.

You are absolutely right though: I have never "day traded" Darlin' but I've done okay.

I would venture to assume that many here have more than a 401K.

With "age" comes wisdom and because you felt the need to mention it initially,I am assuming that's why it's being referenced.

[edit on 14-3-2009 by irishchic]

Actually... you mentioned it first when you stated many people have as many years investing experience than I do years of life on this earth, but ill let that one slide.

Edit : I misunderstood you, I offered my age initially so I could give you a run down of who I am, I am all about being upfront, and I also stated I would think the same thing, but I have a knack for this.. I have posted information and charting on here thats backs this up on the initial level I believe

Wow you stated previously you have been in the market for TWENTY YEARS('') ?? Wow, thats excellent, Ive been drinking water for TWENTY YEARS. Does anybody want to venture a guess what the Dow Jones Industrial Average was in 1989 anyone?

2100

A monkey throwing darts in a newspaper could have done well, so please dont try to show superiority with that statement.

Please comment on my charts, I would like your input though.

What I am meaning by all this is with wisdom doesnt necessarily at all come with age in a market where you are being 3x shorted by an ETF that came on the scene last year...

What is your gain/loss in the last 2 years? Would be interested to know.. In any market there are ALWAYS short term opportunities and those opportunities are those that I try (tried at one point) to take advantage of and still do seriously as a legit hobby



[edit on 14-3-2009 by GreenBicMan]

[edit on 14-3-2009 by GreenBicMan]

[edit on 14-3-2009 by GreenBicMan]

[edit on 14-3-2009 by GreenBicMan]