I'm going to put stops on mine tonight. I'm up about 27% on both of those since I bought them. I may put stops on GS and AAPL, too. Bought some more GS at $87-$88 this morning. I'm sick of seeing my stocks tank, so I may keep these profits, but my gut instinct is to let it run since I'd rather be DCA'ing. I had originally opened these positions thinking I'd buy on major dips and in the long run (2-5 year) make out like a bandit hopefully. We'll see what happens tomorrow.
Precious metals are just not a good investment right now, in my opinion. They're going to be stuck between deflationary pressures and the market rally, although their slide will likely be stalled by the correction in the value of the dollar.
Also, I think those of you looking for a crash after this may be waiting for a long time. I expect to see a modest pullback in the next couple of days, but I think we have likely reached the end of this historic bear market. For now.
What's the deal with GS today? Hardly up at all and I didn't catch any news on why. I expect a lot of people to sell tomorrow and take down some profits. Very nice day today.
It actually tanked. It was down to around $82 after rumors (?) spread that they had contacted Citi to do a merger back in September. I wish I had bought it at $82 instead of $87. Hehe.
Here's another side to maybe consider... December sell-off/profit-taking if we run up from this point. Not to mention earnings won't exactly be great for a few quarters.
hello all, where can i get more information on etfs such as SSO and DDM? i checked proshares.com but it doesnt give any helpful for relavent information explaining how these etfs react to the market. thanks in advance
Go to Google or Yahoo's financial sections and chart the Dow vs. DDM and the S&P 500 vs. SSO. That's how they react.
Exactly. The people who are in right now are waiting for their positions to appreciate so they can get back part of what they lost. They will sell and then sit on their money or put it into something productive like booze and drugs so they can forget this whole mess.There is absolutely no faith in this system at all. We are just seeing the tip of the iceberg. What do you think is going to happen when the government has to start bailing out automakers? When nobody spends anything around the holidays? To think there will not be another crash is one thing, but to say we are out of a bear market already is another. The fact we see these kind of r****ded 10% up days is the reason there is no faith. Bull markets don't have 10% updays. They have .5% up days for a long time.
