OT - Financial

[BU RICK]

Possible big day in the markets, looking good so far...

http://finance.yahoo.com/intlindices?e=europe

http://www.reuters.com/article/idCALDE6490JE20100510?rpc=44

http://www.reuters.com/article/idAFLDE6490U520100510?rpc=44

5-10-10

[tornado]

markets are very volatile...wonder what the reason is...uncertain times??

[BU RICK]

It's Monday. When I buy in it's always when the fund or stock is down for maybe 3 days or more...so I wouldn't necessarily buy in today, it's going to be a big up day (I hope) and they could take some profits tomorrow - that's the way they tend do it. But don't listen to me, do what you think is right. I wish we could have some students from the business college posting here, I'd like to read what they are studying....

http://www.youtube.com/watch?v=lAZgLcK5LzI&feature=related

[Stryker]

It's Monday. When I buy in it's always when the fund or stock is down for maybe 3 days or more...so I wouldn't necessarily buy in today, it's going to be a big up day (I hope) and they could take some profits tomorrow - that's the way they tend do it. But don't listen to me, do what you think is right. I wish we could have some students from the business college posting here, I'd like to read what they are studying....

http://www.youtube.com/watch?v=lAZgL...eature=related

Just ask an economist. We can get you more info than you would want.

[ChewaBrave]

Most of my friends that work in the markets are just echoing what the byline for the day has been. The EU's bailout package for Greece has helped to push up some confidence in investors.

[Stryker]

Most of my friends that work in the markets are just echoing what the byline for the day has been. The EU's bailout package for Greece has helped to push up some confidence in investors.

Little do they know that the US Federal Reserve already bailed Greece out a couple weeks ago with hundreds of billions and it didn't do much.

[Braves4Life]

Dow to Tumble Near 4200-5000 by Mid-2011: Strategist

Crazy talk? I sure hope so.

http://www.cnbc.com/id/37065807

[BU RICK]

Sounds like a short seller to me, and I can live with that because I've done that too. Everyone's got an opinion and that's what makes markets (and also Bradley basketball) interesting. There's so many trillions of dollars floating around the world, I don't see anything terribly bad happening. I've followed the markets my entire life, most of it as an observer. My Illini friend says DOW 8500 and is sitting mostly out. I'm going to be up 30% YTD in a banking mutual fund at the end of the day. Who's right, who knows. The thing is it beats the interest rates we get. Also there is no reason to not sell a fund or stock and buy it back later. I got real lucky on the banking fund, held it for 3 months, sold it up 22% and bought it back 3 days later after it was down 7%! Don't be afraid to trade. But you've gotta watch what's going on every day

[Braves4Life]

All good advise Rick. We're in a pattern reminiscent of the 1930's-late 40's and the 1960's-late 70's. It will be difficult to make stellar returns for the next 10-15 years, IMO. You MUST be a trader to do well....... Buy and hold is probably dead for awhile. Good funds (run by stock pickers) can make money in this environment though.

[Beninator]

IMO, DOW of 8,500 seems about right especially with the gains that we have experienced in the last year and a half. I am more of a buy and hold person with quality companies that offer a dividend to fall back on. If the DOW were to fall to the 4,200-5,000 level as the CNBC guest suggested, then I would take the same action that I took in the Fall of '08 up to the Spring of '09 and BUY!

[ChewaBrave]

Little do they know that the US Federal Reserve already bailed Greece out a couple weeks ago with hundreds of billions and it didn't do much.

When/what was this? I know we own a heavy stock share of the IMF, but What was the reserves bailout?

[Braves4Life]

IMO, DOW of 8,500 seems about right especially with the gains that we have experienced in the last year and a half.

I agree Ben. 8,500 is about right. We experience a Bear market of a 30% drop, on average, once every 6 years. Before the market can go much higher (over 12,500) we must retrace to around the 8,500 level. I'm holding about 30% liquid to take advantage of these drops. Then..... BUY BUY BUY!

[ChewaBrave]

I agree Ben. 8,500 is about right. We experience a Bear market of a 30% drop, on average, once every 6 years. Before the market can go much higher (over 12,500) we must retrace to around the 8,500 level. I'm holding about 30% liquid to take advantage of these drops. Then..... BUY BUY BUY!

I was gonna say something here, but lost my train of thought after I looked at your avatar.

[Braves4Life]

Batten down the hatches

Dow Theorist Richard Russell: Sell Everything, You Won't Recognize America By The End Of The Year.....

http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5?source=patrick.net

[tornado]

..You Won't Recognize America By The End Of The Year.....

...thanks feds..