http://finance.yahoo.com/news/UBS-exec-apologizes-for-rb-14544259.html UBS to USA: Sorry guys that we broke your laws. Let's not settle this in court though, k?
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Might be pressing my luck after going 2 for 2 on BAC trades, but I am back in at 3.19. Sticking to looking for a 35% gain. <holds on tightly>
I have to manually type the thread number in the address bar cause "reply" and "quote" button don't show up at work. This was the second time I forgot to change it to the correct one. Ends up getting posted in the wrong thread. My bad about that.
who was the guy here that was beyond confident that the market would bottom out around 8,000? didn't somebody claim that? i want to shake their hand.
Sweet.... so now we can expect 5000. I think everybody's called the bottom in this thing and it's continued to drop. Can't wait to see what the job numbers do in a few hours. Maybe the market will be expecting it. Maybe it won't. Maybe we won't be rolling dice "investing" soon.
How can there be a bottom when more dominoes keep falling? Europe is about to enter a ****storm of their own doing.
My statement of Dow 6500 last week is about to happen. S and P next stop is 600. I wouldnt be surprised to see Dow 1000 by 2011-2012./
Bottom should be around 4500-5000 (hopefully no lower); I am guessing based upon what it will take to burn through all the crazy leveraged debts globally- this is a real life purging. More important question is how long it will stay there, lots of carnage; think it took the Market about 20 yrs to recover the damage from the '29-'31 crash It's the derivatives- hopefully once they are purged we are all afloat.
Irrational fear. Just like irrational exuberance. The market is no where near measuring real value right now. If you have cash and can afford it, buy GE. You can pick up a share for about the same price as a pack of lightbulbs now. If GE doesn't make it, then at least you went down swinging before the nuclear winter...and that cash sitting in your account won't matter much anyway if GE can't make it. More likely, GE ultimately finds its way back to $40.
i'm not sure how that's responsive, pgabriel. two different things. that's not a valuation of a business. and yeah, if you just lost your job you're not looking to buy equities, most likely. be doom and gloom all you want. i'm telling you a company with the assets of GE under $7/share is a helluva good buy if you're willing to hold on to it. i'm suggesting there are other great buys out there as well. if you're a day trader checking your account every 5 minutes looking to make money from day to day....then stay away.
