Official Let's Make Some Money Off Stocks Thread
#1761
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Originally Posted by AZDavid,Dec 5 2008, 11:06 AM
It is official, the market no longer cares about bad news. Based upon that there is a high likelyhood that the market may have bottomed last month.
That statement assumes we don't tumble several hundred points in the final hour.![biggrin.gif](https://www.s2ki.com/forums/images/smilies/biggrin.gif)
That statement assumes we don't tumble several hundred points in the final hour.
![biggrin.gif](https://www.s2ki.com/forums/images/smilies/biggrin.gif)
#1764
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Haven't heard this piece of news talked about very much today:
"One in 10 American homeowners fell behind on mortgage payments or were in foreclosure during the third quarter as the world
"One in 10 American homeowners fell behind on mortgage payments or were in foreclosure during the third quarter as the world
#1766
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I think the market could be rallying on these expected events over the next couple months:
-Automaker bailout
-Mortgage rate intervention
-Massive Obama stimulus package ($1 trillion isn't out of the question)
-Fed funds rate cut to 0.50-0.25%
-Continued liquidity injections
-More bailouts as necessary
-Automaker bailout
-Mortgage rate intervention
-Massive Obama stimulus package ($1 trillion isn't out of the question)
-Fed funds rate cut to 0.50-0.25%
-Continued liquidity injections
-More bailouts as necessary
#1769
Registered User
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I'll humbly admit that this market is too difficult for me right now. I haven't made any moves and have stayed largely cash except for long term plays lately. Everytime I've wanted to go short and expecting the market to tank, it has rallied up strong. Everytime I've wanted to go long because I felt it was oversold, it only went further down. Cash I shall stay...