I'm only in ETF's for the most part. I bought into XLF, QLD, DDM early in the month and have owned TIP and QQQQ in other accounts. The only stocks I own are MCD, T, KO, and MO at the moment, I think. There's been a sell-off in the market post Fed announcement after a bounce up in the DOW up to 230-240 from what I saw. It's up 127 right now.
Those prices you bought it at are pretty nice. I don't think I'm that pessimistic. I'm waiting for another bottom so I could buy more stock. I'm personally not sold on a bottoming of the stock prices, but I'm a novice novice investor. I also think those stocks at 20 bucks next year would fit my expectations a little more.
I think it depends though - the rally might not make sense if it's supposed to be an indictation that things are getting better. But what if the market just never should have gone down as much as it did, and instead was just coming back to normal? For example, what if going to 650 S&P was the real nonsense move instead of the move from 650 to 870. I have no idea if this is the case - but just suggesting it's possible that the rally was a correction as opposed to a bull run.
Yeah...what's funny is I threw it out around here and the response was that I was crazy...that GE was awful and in too much debt....as if $7 wasn't value for freaking GE. The pessimism went too far. When "conventional wisdom" starts talking, bet the other direction. Particularly if you hear words like "never" or "forever" or "always."
Yeah, but the gains seem across the board. My opinions about this are unsophisticated, but it seems like there's a group mentality rather than sharp investors separating the wheat from the chaff. You could consider me a pessimist then and probably now. Eliminating mark to market probably helped them. It seems like everyone's too big to fail these days. Fun times.
This is only part of the picture, looking at the price moves.......factor in the volume and you see that much more stock was distributed on the way down than has been snapped up in this latest rally...
Shows how much I know about the 2 stocks. I should learn a lot more about timing with buying and selling.
Another good day on the market... I'm hesitant on whether I should get in right now...it does seem that the rally will last a while, but I've yet to see real evidence that the economy's turning around. Any thoughts?
The govt says bank need to raise capital, bank stocks fly. Maybe I am thinking too simplistically, but isn't that bad? I guess the market can be irrational longer than you can be solvent.
be greedy when others are fearful, and be fearful when others are greedy. I think we're going lower. The economic data does not justify the runup we've seen over the last couple months
Obviously, I'm biased, but I think there has never been a better time than now for Fixed and Equity Indexed annuities. Seriously, ING has a product that guarantees your principal, gives you a 5% bonus, gives you 100% of what the S&P 500 every year for the next 10 years, and all you are risking are returns in excess of 10.25%.
Many are saying "yeah, but we already know that". I mean people in C have to be nuts not to be worried or at least think that they're going to have to raise capital. What they're saying now is that they may need to raise less capital than expected which is why they're doing better or up.
