Rumors about another possible short selling ban next week. Luckily I was quick on my feet and grabbed a bunch of UYM before I went too deep into the red. Hooray for hedges.
Hoho, I can't believe I have read every page of this thread this afternoon. Thank you for you input and it was a great read. Gurus, could you recommend some free websites providing data for financial research, analysis? I need able to easily pull valuation, financial results and sort it by sectors and industries. I like finviz a lot but I'd like to have several resources like this. Many thanks.
A previous poster said that stock trading is gambling. So my rhetoric question to him/her is, is holding any US cash gambling then? We are talking about millions of layoffs and hundreds of companies going under. The only long term stocks I have some better confidence in are dividend plays that are heavily diversified (over 50%) in foreign markets. Really, how can holding any US cash (or dollar-categorical investment) right now be considered "a safe play" when the Fed is printing cash like crazy and countries around the world don't see security in the dollar. Of course, it's not to the same degree of volatility and "random factors" as holding stock. But in a parallel sense, having any monetary equivalent possessions already means you're already in the game - participating in so called "gambling" where your asset values are up to the up and down whims of the market. People who bother to learn to invest and move money from one asset class to another are the ones who reduce the random risk factors and actually reduce the variable downside factor of whatever they own. That being said, there are some crazy mofos in this thread that are betting 17 on the roulette wheel .
Btw, random roulette wheel fact since I'm into math. Random fact - buying lotto tickets is once of the worst risk/reward things you can do (unless the jackpot is significantly high, usually over 150 million for the various formats of permutations state lotteriess offer. You have better luck putting one dollar on anything on a roulette wheel and keep playing with everything until you hit that jackpot value, than if you were to buy a lotto ticket. Yet you see people buy lottery tickets all the time and not consider playing "red" 20 times in a row in a casino.
Don't expect a focused & controlled response from FFB in regards to: <i>stock trading is gambling</i> and holding US Cash -- Dollar. Just not his <i>style</i> of posting. <hr> A question for those are on the fundamental side of market analysis and decision making. Are you looking equally at companies across all sectors for buy candidates, or is there a strong bias to certain sectors that would be expected to be leaders in the next <i>Bull Market</i>?
Insanity. Anyway, any guesses on how long this rally lasts? It seems like the typical too much too fast type rally that we've seen several times in the last couple months.
Dang, the DOW was up 500 points and then it just dropped 200 points and it went back up 200 points. What the heck?!?!
