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Stock Market August 2, 2011

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  • #31
    Partial will be crushed. It's going to be worth $1k a share, you know.
    "Greatness is not an act... but a habit.Greatness is not an act... but a habit." -Greg Jennings

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    • #32
      Originally posted by MJZiggy View Post
      Actually my source is Motley Fool. But I know you'll just believe what you feel like believing anyway.
      I believe what you tell me. I'm starting to think that's not a good idea.
      "You're all very smart, and I'm very dumb." - Partial

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      • #33
        Originally posted by MJZiggy View Post
        Like I said, if I had a job, I'd be buying.
        Generally the right reaction, but I implore you to keep your cash in the bank for at least another year. Probably more.
        The only time success comes before work is in the dictionary -- Vince Lombardi

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        • #34
          Originally posted by MJZiggy View Post
          When did I ever say I LIKED the debt deal. NO ONE likes the debt deal. (but I bet if we'd added a revenue increase the market would look much nicer right now...) This is sounding too much like FYI for the Romper Room.
          Simply WOW. Yep, you figured it out. If we had only hiked taxes we would have a AAA rating and the market would be charging.
          The only time success comes before work is in the dictionary -- Vince Lombardi

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          • #35
            Originally posted by Patler View Post
            Turned out OK for me. I sold everything I owned (except APPL) on Tuesday, Wednesday and early this morning. After selling about 1/3 of all (except AAPL) on Tuesday, I put it all into a 3x reverse small cap ETF. It's up nearly 20% from my purchase price. I would have been much better off if I had sold it all on Tuesday, but at least the ETF covered the losses from yesterday and today, so I am where I was on Tuesday. If things continue down, I should make some money on the decline.

            AAPL might go tomorrow.
            With the removal of the uptick rule its getting pretty easy to make money in a falling market. Strange...its almost like most of the people who control vast amounts of wealth have figured that out and are forcing the issue. But we all know that the rich don't change behavior when you change the rules. Just tax them more, that will solve everything.
            The only time success comes before work is in the dictionary -- Vince Lombardi

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            • #36
              Big demand for US Treasuries again. Yields hitting lows of mortgage meltdown.
              Last edited by HowardRoark; 08-08-2011, 09:01 AM.
              After lunch the players lounged about the hotel patio watching the surf fling white plumes high against the darkening sky. Clouds were piling up in the west… Vince Lombardi frowned.

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              • #37
                Originally posted by HowardRoark View Post
                Big demand for US Treasuries again. Yields hitting lows of mortgage meltdown.
                Pretty sure the media is overplaying that "big" demand angle. If you can show me that the federal reserve has stopped purchasing treasuries I'll believe it. I do know that gold is up today and ammunition just keeps getting more expensive.
                The only time success comes before work is in the dictionary -- Vince Lombardi

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                • #38
                  Originally posted by bobblehead View Post
                  Generally the right reaction, but I implore you to keep your cash in the bank for at least another year. Probably more.
                  wow, that's just beyond the dumbest thing i've heard in awhile

                  now is the time to buy if you have the money. what we witnessed was a massive knee jerk reaction to the credit ratings drop

                  did anything really change? no. everyone with half a brain knew we were way in the hole and that we've been in trouble for over a decade. what you saw was jumpy people getting scared and mass selling. soon it will calm, and the people that know what they are doing will start buying everything for very cheap. should see a nice bounce coming soon. might not go all the way back up to where it was, but it will take a jump here soon

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                  • #39
                    2.182 on the 10 year Note.

                    Go buy a house, if you haven't been recalled.
                    After lunch the players lounged about the hotel patio watching the surf fling white plumes high against the darkening sky. Clouds were piling up in the west… Vince Lombardi frowned.

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                    • #40
                      No doubt....or a second or third....
                      C.H.U.D.

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