PearlwhiteS2k

Everything is getting killed in this market. Just make sure you have longterm view about the market. Guess I'll need to free up some more cash from my mutual funds to buy more stocks =)

PearlwhiteS2k

Looks like this is a bear market year for 08 unless we see oil dip back to 100.00 a barrel.

AZDavid

Look at the price of this REO property

http://apps.indymacbank.com/individuals/re...e=AZ&Active=YES

AZDavid

Energy/coal stocks are no longer working.

This is a true bear market. There is no sector I want to put money into at the moment. Well, unless you consider the ultrashorts a sector.

martha

I'm down a little over 4% just today. And it would be a LOT worse if I hadn't decided to take some profits out of APA and FLR last week. This sucks pond scum!!!!!!!!!

AZDavid

[QUOTE=martha,Jul 2 2008, 01:05 PM] I'm down a little over 4% just today.

AZDavid

NVDA just lowered their second quarter earnings expectations by $125 million. They will also be taking a $150-200 million charge. The stock was halted and is now down 21% in AH.

Expect tech to respond negatively to this news tomorrow.

Edit: now down 26% and falling

lOOkatme

I was talking about this a long time ago.


I said even as oil increases....the market will sell off and could also bring the energy equities with it.


I think I am one of few people (I know a few others) who hold a good portion in futures.....futures like USO, UNG, RJA, etc.


energy is really the only sector anyone is going to make any money in unless you short companies.


I still think alternative (wind) will be the biggest investments of a lifetime.....and Uranium, etc.



We have nothing else to turn to.

Financials are going to go down....same with housing, most retail, etc. They will get eaten alive

sevenrd

Agreed.

I moved almost completely out of equities last year when the housing bubble began to burst and energy began rising, yet the market resisted the news. It was only a matter of time before it would all catch up with the market. And I certainly didn't want to go along for that (this) ride.

cash, fixed income, USO, DXD and RIG have been and are still it for me right now. I still see much upside for USO and DXD. RIG could get battered around with market moves, but I'm comfortable holding the company based on its business. I have had my eye on CCJ as a uranium play though.

It's an odd feeling being substantially in the green on days like today. I have mixed feelings in a way. Basically my position is based on my belief that we will see continued, sustained increasing prices in energy, and that will take down the economy and market hard. Hard in the sense that we haven't seen anything yet. I'd much rather be optimistic about the future of the economy, but the fundamentals that I read don't indicate that that is possible. But I really hope I'm wrong. I'd rather lose money in these investments and have it be business as usual, because the consequences otherwise are potentially dire, regardless if I make money on it or not.

I'll stick with my prediction of the dow in four digits by year's end.

AZDavid

This is what happens when you receive a margin call

http://www.yourdailymedia.com/media/1138705390