Stock Market burning down!
- Thread starter Jay Rodriguez
- Start date
- Status
Mattykins
Cute Member
Rebounding a little right now. This thread got closed last monday. Haha.
Basically best advice I can give is invest in Ultra-short ETF's. Seems like the only way to get money in the market today. Only thing in my portfolio that is up. Though that would happen when you go double the inverse of the indices.
Needless to say, I again became nervous when opening bell came around. Especially after the Dow hit 9562.
Should have bought Wachovia last week when it was at .99 cents a share.
Basically best advice I can give is invest in Ultra-short ETF's. Seems like the only way to get money in the market today. Only thing in my portfolio that is up. Though that would happen when you go double the inverse of the indices.
Needless to say, I again became nervous when opening bell came around. Especially after the Dow hit 9562.
Should have bought Wachovia last week when it was at .99 cents a share.
Mattykins
Cute Member
Dollar is actually up against the Canadian Dollar.
USD = 1.106 CAD +0.0293 (2.721%)
And 10,005.12
-320.26 (-3.10%)
At closing bell. So it's out of the floors hands now. The after-hours trading will control the Dow for the next few hours. But so far it looks like it will end up closing in the 9,900 range.
USD = 1.106 CAD +0.0293 (2.721%)
And 10,005.12
-320.26 (-3.10%)
At closing bell. So it's out of the floors hands now. The after-hours trading will control the Dow for the next few hours. But so far it looks like it will end up closing in the 9,900 range.
Beat Takeshi
Two-Hip Shakur
Yeah, terrible time to try to raise seed money.
Yeah, terrible time to try to raise seed money.
Actually it might be a good time to raise seed money, since people are getting poor returns on other investments.
As for the stock market - long term downtrend except for some sucker rallies.
Batutta
Major Contributor
You know things are bad when films are considered a better investment than the stock market.
actually did anyone catch the news that in that 700billion bailout there is I believe
about 400 million just dedicated on going towards hollywood so that more movies get made
I dont know the exact details but that is one of the things I heard on the news about things inside that bailout package
about 400 million just dedicated on going towards hollywood so that more movies get made
I dont know the exact details but that is one of the things I heard on the news about things inside that bailout package
:beer: When you're making your pitch then you'll explain that a diversified portfolio would have a mixture of risk allocations, including some high risk assets such as films. Then point out that the "safe" investments (stocks & bonds) have their own risks. You just need to come up with a believable profit model.
Speaking of risk allocation, are there pools which invest in a number of films to spread the risk around?
Matt Gottshalk
Resident Preditor
As a percentage drop it actually was not that bad in comparison to earlier years.
And for those in Hollywood looking to make a movie right now, please consider Australia. The Aussie dollar is now 23% cheaper (Yes, thats right you can now get about 20% off your production cost based on greater US $ buying power alone )than 3 months ago, and the tax incentives here in Queensland are great, we have a tax rebate scheme (rebate in Aus means a direct $ for $ refund) on 12.5% of locally hired cast and crew. On top of all that we also have world class studios including Warners. The rebate applies to feature films, made for TV features and TV series.
You may find many cashed up people at the moment.
Sorry, just looking for the good in everything.
Sadly, the biggest problem at this very minute is panic selling, and no one apart from the individuals selling have any control, its always been the big unknown factor.
You may find many cashed up people at the moment.
Sorry, just looking for the good in everything.
Sadly, the biggest problem at this very minute is panic selling, and no one apart from the individuals selling have any control, its always been the big unknown factor.
ugafan
Looking for a woman
what is going on is that wall street doesn't like uncertainty, it makes investors nervous. the idea that the passage of the bailout would instantly make things better on wall street was wrong. wall street wasn't the main reason they wanted the bill. what we weren't told about the bill was that the money was needed to bailout foreign investors because they were threatening to stop buying treasuries from us. basically they weren't happy they got stuck holding a bunch of worthless garbage that they mistakenly thought was a safe buy. can of worms: opened. :beer:
Beat Takeshi
Two-Hip Shakur
It would be hard to make a mob movie in Australia though.
Jay Rodriguez
Coffee Member
So at least we can count on seeing one more "Spiderman" at the expense of the USA! LOL
Depends on the era I guess. But theres ways around everything. Many of our cities are open to Film production, and most accommodating.
God save us all.
BobDiaz
The Professor
A few images may help put this into perspective....
The first looks at the DJ Average over a very long time. Notice that the Stock Market Crash of 1929 was not a one day event as many assume, but took almost 3 years. Overall, the market has ups and downs. Ignoring data from before 1940, even the "little crashes" from 1940 to today, the longest the market was down was about 5 years.
A closer look at the last 20 years shows the following:
Notice that there was a major drop in 2002-2003, but in the end it turned around. The market always recovers, but it takes time. Part of the problem is that we are seeing short term panic setting in, which generates panic selling which drives down the market.
In a few days, you will see that people who have the money and know what they are doing will jump in and buy low. Thus after a sharp drop, the market rises up some as other people see a bargain and go for it. It may not recover what was lost right away, but in most cases, it recovers in 5 years or less.
As far as the market goes, the experts see 2009 as a so-so year and by 2010, the market will start to recover. This was a big one, so it may take more than 5 years to reach the 2007 peak, but it will get there given enough time.
Don't Panic!!!
Bob Diaz
The first looks at the DJ Average over a very long time. Notice that the Stock Market Crash of 1929 was not a one day event as many assume, but took almost 3 years. Overall, the market has ups and downs. Ignoring data from before 1940, even the "little crashes" from 1940 to today, the longest the market was down was about 5 years.
A closer look at the last 20 years shows the following:
Notice that there was a major drop in 2002-2003, but in the end it turned around. The market always recovers, but it takes time. Part of the problem is that we are seeing short term panic setting in, which generates panic selling which drives down the market.
In a few days, you will see that people who have the money and know what they are doing will jump in and buy low. Thus after a sharp drop, the market rises up some as other people see a bargain and go for it. It may not recover what was lost right away, but in most cases, it recovers in 5 years or less.
As far as the market goes, the experts see 2009 as a so-so year and by 2010, the market will start to recover. This was a big one, so it may take more than 5 years to reach the 2007 peak, but it will get there given enough time.
Don't Panic!!!
Bob Diaz
may God bless us all in the troublesome things to come, this is just insane a man shot himself and family just because he was unemployed and could not pay the bills, WTF is going on America
http://news.yahoo.com/s/ap/20081006/ap_on_re_us/bodies_found
http://news.yahoo.com/s/ap/20081006/ap_on_re_us/bodies_found
Mattykins
Cute Member
Its not even panic selling. The bailout did nothing because of the timing.
This has been waiting to happen for years. Our index is based off of the foreign indices. When they go down - we go down. When our banks fold, theirs do.
Since everyone is in the same boat, its basically the start of a cycle.
Wachovia looked alright last week. Went up to 6 and now is down to 5.4. I guess that when it opens people will jump ship because higher ups are saying Wachovia is better off broken up. So, in fear of losing everything people sell when they are up points. Since anyone who had a mind and money bought WB when it was at a dollar or less. I missed that ship, since I don't have money to throw around. I don't have enough to open a trading account.
If you want to actually not lose money, you need to be smart and play the market. Sure you can buy low. But those that buy low normally aren't the ones holding onto a share for longer than the trading day.
Everyone who day trades sells before closing bell. To hold is dangerous stuff. Since people buy and sell after hours. Those shares hit the system when it opens. And the result can be a disaster for investors.
Those that are getting hit really hard are the ones who have mutual funds and IRAs. Not the day traders. And those with mutual funds are at the wrath of the market. Since most don't buy and sell on a whim. They invest and let it ride. For them, they can afford to hold on and wait. It will come back in due time. THose who retire in the next five years are screwed.
While the percentage drop (and it isn't the percentage, its the volume loss) wasn't huge today. The .DJI going to under 10,000 is huge. And if anyone checks their portfolios today, be ready to be really sad.
This has been waiting to happen for years. Our index is based off of the foreign indices. When they go down - we go down. When our banks fold, theirs do.
Since everyone is in the same boat, its basically the start of a cycle.
Wachovia looked alright last week. Went up to 6 and now is down to 5.4. I guess that when it opens people will jump ship because higher ups are saying Wachovia is better off broken up. So, in fear of losing everything people sell when they are up points. Since anyone who had a mind and money bought WB when it was at a dollar or less. I missed that ship, since I don't have money to throw around. I don't have enough to open a trading account.
If you want to actually not lose money, you need to be smart and play the market. Sure you can buy low. But those that buy low normally aren't the ones holding onto a share for longer than the trading day.
Everyone who day trades sells before closing bell. To hold is dangerous stuff. Since people buy and sell after hours. Those shares hit the system when it opens. And the result can be a disaster for investors.
Those that are getting hit really hard are the ones who have mutual funds and IRAs. Not the day traders. And those with mutual funds are at the wrath of the market. Since most don't buy and sell on a whim. They invest and let it ride. For them, they can afford to hold on and wait. It will come back in due time. THose who retire in the next five years are screwed.
While the percentage drop (and it isn't the percentage, its the volume loss) wasn't huge today. The .DJI going to under 10,000 is huge. And if anyone checks their portfolios today, be ready to be really sad.
Two quick points:
I've never heard of anyone who is able to predict the market. It's a random system. Who knows where it's headed.
Second thing, the stock market indices, like the Dow and S&P are imperfect indicators of the economy. What seems to concern economists right now is the credit crisis, not the Dow. In other words, this market volatility shouldn't be considered a harbinger of another Depression. Either way, it busted my chops financially. Big time.
I've never heard of anyone who is able to predict the market. It's a random system. Who knows where it's headed.
Second thing, the stock market indices, like the Dow and S&P are imperfect indicators of the economy. What seems to concern economists right now is the credit crisis, not the Dow. In other words, this market volatility shouldn't be considered a harbinger of another Depression. Either way, it busted my chops financially. Big time.
- Status