When is the bottom of the market? If you've lost a bunch of investment money, correctly calling the bottom and acting upon it will make you lots of money... Plus I want to know! Predictions? Indicators? 
The 64K Question
- Thread starter Minor Axis
- Start date
6500... and I think we are on our way to a slow and steady uptick. Since Tuesday the DJIA has seen over a 10% increase, almost 700 points in 4 days. I just hope the trend continues.
It will go down to 5000 at least. There is still a lot of mortgages that are going to fail. It will be a slow grind over the next year and a half till those get sorted out. Also there is the issue of those who maxed out their charge cards.
I hope I am wrong. I know some economists said that things would stabilize and start to get improve in the 4th quarter but many of them have hedged their bets so to speak.
I hope I am wrong. I know some economists said that things would stabilize and start to get improve in the 4th quarter but many of them have hedged their bets so to speak.
You can't know a bottom until it has already passed. Then it's too late, of course. I predict a bottom when Washington quits dicking around with the economy. I predict another plunge in the market the next time Obama opens his mouth.When is the bottom of the market? If you've lost a bunch of investment money, correctly calling the bottom and acting upon it will make you lots of money... Plus I want to know! Predictions? Indicators?
I'm mostly in cash now, but I'm slowly buying back in. MO, WMT, JNJ, energy etf
When is the bottom of the market? If you've lost a bunch of investment money, correctly calling the bottom and acting upon it will make you lots of money... Plus I want to know! Predictions? Indicators?
Are you a pig or a hog? Any purchase of stock in mainstream long term companies that are leaders in their industry is going to result in a handsome return on investment. I'm buying like crazy.
Could the stock go down more? Yes. But if you buy in solid companies it doesn't matter in the long term, they will come roaring back. Attempting to time the market to buy at its lowest is stupid mainly because it can't be done. You, personally, have to decide if a given stock is at a price that you believe will result in the percentage of return you want and are happy with it. If it is......buy.
I don't know (regarding your first question.) Who are you buying?
I mostly dabble in Mutual Funds. Ever heard of NoLoadFundX? I like their advice. However I chose to ignore their don't time the market as I sold out when ML went under. And I've not regretted it for one moment. I don't know (regarding your first question.) Who are you buying?
The pig/hog comparison is an old broker joke. Pigs make money, hogs get slaughtered.
I'm buying heavy into Ford. If you don't like the risk of creating you own portfolio mutual funds are a good bet.
The pig/hog comparison is an old broker joke. Pigs make money, hogs get slaughtered.
Yes I've heard that before.
The Dow posted its biggest gain in a week since last november but thats no consolation. Got to wait till early 2010 if there are any signs of recovery. The Dow will plunge again next week.
:nod:
Agreed. Anytime there is bad news in a volatile market such as we have recent gains can be wiped out easily in a day.