May 30, 2006

58 comments:

Anonymous said...

oh man we may get to your 'trading restrictions are in effect' prediction this week - or even today!

Anonymous said...

Kinda silly to post a 1 day trading price of the NADAQ - a 45 drop is still only about 2%. Better would be a 5 or 10 year chart (but that would show pretty good overall gains...)

MEW

skytrekker said...

The DOW dropped 184 today- not a good day. True the MAZ is up 45% in 10 years- but how can many invest for that long amount of time when nealy half their income these days is paying on a mortage for an overpriced piece of RE.

brokersleaveyoubroke said...

Kinda silly to post a 1 day trading price of the NADAQ - a 45 drop is still only about 2%. Better would be a 5 or 10 year chart (but that would show pretty good overall gains...)

Actually, a 5 year chart would show you have made nothing in the last 5 years. Adjusted for inflation you lost a bundle. Going back 10 years you would have made something but inflation would erase your gains. Six years ago the NASDAQ was double what it is today. Where are your "good overall gains", I can't seem to find them in any chart?

Anonymous said...

we're down from 2329 on may 1st to 2210 today - nice 119 point nasdaq drop, or 5% for the month of may - erasing all gains for the year

ugly

sell in may and go away like never before

Anonymous said...

i think a big crash is around the corner. this death by 1000 cuts is solved by the sell button, unlike housing which will take years to crash to its bottom

autofx in Phx said...

brokersleaveyoubroke:

You took the words right out of my mouth.

Someone ought to post one of those charts that show the Dow or the Nas in terms of the dollar value of gold or silver.

Those are jaw-droppers.

autofx in Phx said...

Anonymous said...
i think a big crash is around the corner. this death by 1000 cuts is solved by the sell button, unlike housing which will take years to crash to its bottom

Stock market bears have been saying this for a really long time now.

Don't get too excited. The govt and Wall Street can engineer a stock market rescue easily enough.

skytrekker said...
This comment has been removed by a blog administrator.
skytrekker said...

'Engineer' or prevent a fall in equities- the Government can do this? Plunge Protection? Well in the month of May they have failed- if the economy really begins to tank- herd mentality will over rule any kind of vain attempt to stop the bleeding.

Anonymous said...

"Actually, a 5 year chart would show you have made nothing in the last 5 years. Adjusted for inflation you lost a bundle. Going back 10 years you would have made something but inflation would erase your gains. Six years ago the NASDAQ was double what it is today. Where are your "good overall gains", I can't seem to find them in any chart? "

The stock market has an historic rate of return (since 1929) of about 11% per year.

autofx in Phx said...

skytrekker said...
'Engineer' or prevent a fall in equities- the Government can do this? Plunge Protection? Well in the month of May they have failed- if the economy really begins to tank- herd mentality will over rule any kind of vain attempt to stop the bleeding.

A plunge in May is common. Ever heard of "sell in May and go away"?

The Plunge Protection Team have no need to try to keep stock prices rises all the time.

This isn't much of a dip in prices at all. We'll have to see a great deal more down-action before anyone can declare a crash.

I kept seeing predictions of a crash over the last three years at financialsense.com. They have some terrific technical analysts, but every time these guys used Elliot Wave analysis or other models to say, "Here comes the crash..." they have been wrong.

autofx in Phx said...

By the way, yes, the government can certainly engineer market movements. I've read convincing articles of someone behind an S&P mini "mystery account", sitting on the bid all day until the market retraced back above key support levels.

I saw similar documentation related to squelching gold and silver prices a couple of years ago.

And we all know that central banks intervene in the currency/forex market. They don't really try to hide it.

When you've got access to trillions in trading capital, you can move markets, you betcha.

$inthebank said...

I sold most of my stocks right before things started to go bad a few weeks ago. Then, on Friday, I sold much of what I had left. Whew!!!

Anonymous said...

I thought about selling Friday. I sure should have!

skytrekker said...

'Sell in May and Go away' would you say that if the market plunged another 500 or 1000 points- hardly- cute saying- which I am very familiar with- but considering the unknown minefields we all now face- the market sell off cannot be pooh poohed away by your 'sell in May-and go away'......

Anonymous said...

what month or year will it be safe to get back in - the stock market and the housing market?

2009?

Los Angeles Friends In Deed said...

From a report about the India Stock Market "I borrowed money to trade in the market. I lost it all in the past two days," said 37-year-old Sanjay Joshi, a small investor. "I don't know how will I repay my loans."

In the 1990s, a stock market meltdown led to several bankrupt brokers and small investors committing suicide across India, some of them drowning in rivers or throwing themselves off highrises.


Los Angeles Friends In Deed

Anonymous said...

That chart is beautiful.

autofx in Phx said...

skytrekker said...
'Sell in May and Go away' would you say that if the market plunged another 500 or 1000 points- hardly- cute saying- which I am very familiar with- but considering the unknown minefields we all now face- the market sell off cannot be pooh poohed away by your 'sell in May-and go away'......

You appear to have no familiarity with what forces lie behind keeping the stock market propped up.

Just watch.

Keith has so many of you prone to get whipped up over a tiny blip in any market, you pee all over yourselves.

Anonymous said...

gold looking a bit ugly huh? or as you say eh? Cheers!

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