Friday, October 10, 2008

Just Do It - You Know You want To - Buy Stocks!

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12 comments:

Risk Manager Jeff said...

I like your spirit

shaxmatist said...

I missed that red pitcher thing :o) Booyaah!! Party like its Dec. 1999... When Nasdaq hits 5000 drinks are on me (KoolAid of course)....

TraderMark said...

My spirit is beaten (to pulp)

not broken

Not until Dow 0 :)

Kool Aid Man is like our rally cap

now if the market can just not lose 5% in the last 5 minutes I can sleep this weekend

Michael said...

"Not until Dow 0 :)"

DOW 0 would represent some excellent buying opportunities :p

Risk Manager Jeff said...

We should get a rally if the G7 shows some kind of co-ordination. Cant the world agree on anything? Cant the world at least agree the world is ending? ;)

Bluedog said...

I bought EXM at $9.45 and FRO at $29.75 today. Need. More. KOOL AIDDDD!!!!! Oh yeah!!! Oh yeah!!

jegan said...

Make a nice T-Shirt jegan

jegan said...

I grew up in Europe. The Europeans still don't really trust each other. If they couldn't come to an agreement amongst themselves to save the collapse of EuroBanks, then it's pretty doubtful that anything of substance will come of this. Kinda like Michigan decinding that they don't care that Louisiana suffered... Not really their problem. The rest of the membership; Russia is not happy with us, China thinks we're deadbeats because we can't pay our bills and Japan has problems of it's own. I think we might get some support from Canada, but no real support from Great Britain now that Tony Blair is gone.

Even if we did get something out of them, what have our rate drops, sale of FNM and FRE, merging of several other banks, bailout etc... etc... done yet? Nothing. It's just been buy the dips and sell the news. I sure hope I'm wrong... However, there has been some talk from serious investment gurus that we are overdue for a bear rally.

jegan

gamingthemarket said...

What is the truth behind the global market meltdown? We are approaching the end of the monetary system as we know it...

This is an installment in series of articles that will explore the big picture and drive towards the purpose behind the "crisis" in the financial world. The goal is to better understand how we are being manipulated, marginalized, and controlled.

Read more at:

http://www.gamingthemarket.com/2008/10/end-of-monetary-system-videos.html

TraderMark said...

Michael, I'm a buyer of Double Dow at 0.

RMJ, I always remark when I watch a movie like Independence Day when the world "unites" that if aliens really invaded us, it would be like 4 weeks before we coordinated on anything and within 24 hours we'd be assimilated anyhow. Even now the French are raising a fuss - I just love it.

Bluedog,
I assume you have to file a SEC form 4 now as >5% owner of EXM?

Jegan,
I think, and its just my opinion, that hedge fund selling has hidden some of the "good" being done. Everytime there is an announcement the market sucks and sells off and people attribute it to the government/central bank step being ineffective. I think that is too simple of a connection. When you are forced to sell, you are forced to sell. There is the Deleveraging of the Century going on.

I did smirk at this comment
"However, there has been some talk from serious investment gurus that we are overdue for a bear rally. "

Great! The same ones assuring us nothing was wrong the past year and calling serial bottoms.

What worries we most about your comment is, I agree with them. I assume you do not consider me a serious investment guru. I'd like to put my record up against the "serious" ones...

jegan said...

TM.. IMHO, you are correct.. And Market Folly has also reiterated that the fund sell-off has blunted any effort on the part of our govt. to stop the fallout. In fact, I believe both of you have noted that the hedge fund issue is not done yet and may go into overdrive when people get their quarterlies.

In my mind, there are 'talking heads' and real 'market gurus'. I didn't mean to imply that I was listening to people like Kudlow and his crowd of yes-men, or the CNBC market-babes. Nor did I mean to imply that the market is finished going down. It has been suggested by commentators I trust that we are due for a "bear-rally" only.

Unfortunately, I read quite a lot, and tend to just keep the issues in my mind and not the authors.(I'm Irish.. There's only so much room there..) But there are blogs, like this one that I pay greater attention to. When I see a few of them propose the same thing, then I pay attention. So, I'm buying with tight stops and unfortunately, I kept my two fund investments (CGMFX and ADVDX), but after the possible rally will look at liquidating everything in expectation of a further drop.Hey! Maybe Cramer is right! ;-)

jegan

jegan said...

Tm... Sorry... I missed this comment from you;

"What worries we most about your comment is, I agree with them. I assume you do not consider me a serious investment guru. I'd like to put my record up against the "serious" ones..."

I wouldn't read your blog if I didn't consider you a valid poster and I do read all your posts.

jegan

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