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Official Let's Make Some Money Off Stocks Thread

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Old 06-26-2008, 12:21 PM
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Originally Posted by sevenrd,Jun 26 2008, 12:52 PM
I wouldn't be surprised to see the dow in four digits by year's end. Crude is simply hammering it.

Yes, easy to say on a day like today. But even with some bounces the long term looks bleak.
It isn't just crude that is hammering the market.

Financials, consumer, housing, inflation, credit, energy, oil/gasoline, dollar, unemployment

New talk is a global slowdown
Old 06-26-2008, 12:27 PM
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Originally Posted by AZDavid,Jun 26 2008, 01:21 PM
It isn't just crude that is hammering the market.

Financials, consumer, housing, inflation, credit, energy, oil/gasoline, dollar, unemployment

New talk is a global slowdown
I agree. They are all factors.

But my opinion is that the underlying issue and catalyst for more downside is the rise in the price of criude. Cheap, abundant, easily accessible energy is absolutely essential for economic growth. And it's no longer any of those.
Old 06-26-2008, 12:30 PM
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There were a large amount of Dow futures contracts traded at the end of the day. Could be in anticipation of a bounce tomorrow.
Old 06-26-2008, 12:40 PM
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Originally Posted by wifeb123,Jun 26 2008, 11:34 AM
What an ugly day...
Man, I love ugly days like today. Solid stocks are getting cheaper by the day and are great for longterm holds.
Old 06-26-2008, 04:07 PM
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dow isn't going to go any higher unless financials carry it.
Old 06-27-2008, 09:46 AM
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Any thoughts on the lack of movement on the vix on such a big down day?
Old 06-27-2008, 09:55 AM
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Picked up some more V at 79.20
Old 06-27-2008, 09:56 AM
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Bear Market woot
Old 06-27-2008, 10:15 AM
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Picked up more aapl at 165 woot what a nice sale. Hope to see it lower =)
Old 06-27-2008, 11:06 AM
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Would pick up some more YGE at 16.30 with my imaginary money.

After the 25% run up of HANS that I asked about two weeks ago... I am back to my cost basis lol.

Should have taken the profits GRRRRR

ATW is my leadin lady w00t


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