the market is kicking my ass today. my portfolio is battered!
it will recover. patience.
LOL my dad just called me and I feel much better now. He said “Andrew shits just on sale, besides we have golf and scotch so who really gives a shit.” He then proceeded to ask about how many bitches I will bring around the house when I come home to visit hahahaha.
:lol:
assuming it will keep going up is assuming we are still in a bull market.
For example, after the great depression, the market did not recover fully until the 50’s.
Just because there has been an upward trend your entire life does not mean it will continue… The federal government is destroyed the US dollar and guess what US stocks are based in US dollars…uh oh…
HAHAHAHAHAHAH I dont even know how to respond to this. :fuzzyfish:? Are you trying to say we are in the next GREAT DEPRESSION? Are you really convinced that our FEDERAL GOVERNMENT DESTROYED THE DOLLAR!!! and that we are just on a path to complete economic failure? Well I respect your quite radical opinion but lets just agree to disagree.
I am not saying it as a certainty, but more so as a possibility. A much higher possibility than I am comfortable with ignoring. If there is a problem I would rather fix it before it is too late.
Have you seen any improvements to the federal governments handling of it’s economic policy recently? yeah…me either.
Well I for sure agree it is a problem that should not be ignored. But I don’t see many people ignoring our current down situation at all. But sometimes you just have to take a bite of the shit sandwich and wait things out. Especially if you have large amounts of cash already in the market. Now would be a silly time to cut losses and pull to cash. But thats just my opinion and everyone has a different investing strategy and they should. For example I am only 23 and have more then enough liquid cash to not need any of my money in the market right now so I don’t sweat it. Also being as young as I am allows a much larger margin of risk tolerance IMO. Yes I have seen the fed trying to iron out our current problems, not saying its working but to well but its better then nothing I suppose.
Just sayin. :thankyou:
Nice bounce today. Anybody else thinking middle to end of August for a direction change? Also looking at symbol EZA
KK
I don’t think there will be a real direction change until next summer at the earliest. Banks still have a lot left to lose and the economy is only starting to fall into recession.
I have my fingers crossed.
You kill me but I cant say I disagree with your skepticism.
Finally dumped STI today…nothing but crap out of that stock. It went up 17% yesterday and another 2% today, so I got the hell out of dodge with a 50% loss :gay2:
:squint::rx3::uhh::tif::bloated::rubicant::tantrum::angryhump:
This is how I feel about this week. FUCK there has been a BOATLOAD of money to be made with the volatility in the market(im looking at you financials). But I have been out drinking and sleeping late and havent moved shit.
I do not think I will dump it to be honest. Once i go back to work I am not near a comp all day so I can only hold things I think might make money. I believe C will make me money long term so I will keep it I think. Although I am looking for something good to replace SIRI.
I do and it helps for sure. I am just lazy about it really.
Praxair stock was dancing with $100 a week or so ago. It went back down to 90 this week so I dumped a big chunk of my 401k into it. 2nd quarter earnings update is next Wednesday. I know of nothing that would keep us from outpacing expectations, and an ongoing legal battle over patent rights just settled. Stock’s back over $93 today. I’m hoping it tags $100 and splits this year. Fucker was in the 50’s when I started less than 20 years ago. :headbang:
EDIT: Fuck the bear market, Praxair stock’s been soaring this year. :tup:
Srsly. When oil costs an arm and a leg, invest in industrial gas. They start wanting more and more N2 and CO2 to inject into the wells to increase recovery.
PX, APD, ARG. All are kicking ass.
I’m down 