An impressive rally on our hands... (bankruptcy, financial, cost, banks)

[bignhfamily]

Originally Posted by GDK94

so you dont care how your actions today will make the economy the same way years or even months later? you just care about personal gain is all. making short term plans in a recession will not stop it from happening again. well, like i said, do what you want! your actions will only effect you later in life. i did the smart thing and stopped investing in the irresponsible stock market. look at wamu (dead), citigroup (dying), GM (dying), chrysler (dying), ect ect. dont invest in companies like these and dont listen to so called professionals (in september 07 some guy said wamu was a strong company and worth the money. now look! its dead and i bet thousands invested in that company just to lose money). if you have to buy, then buy gold.

Well, by throwing the towel in what do you hope to do for the economy. Smart move??? I don't know.

I'm confident that my stock purchases today will only be beneficial later in life. We've all lost in the recession but I'm buying the whole way down.

[Stac2007]

I think the last two days market rallies are artificial and don't believe them for one moment. Something really stinks and I'm not buying it. All I see is people wanting things to get better and making it happen by waging the dog. I may be a peasant but I still have intelligence to know things are not right.

[GDK94]

Originally Posted by bignhfamily

Well, by throwing the towel in what do you hope to do for the economy. Smart move??? I don't know.

I'm confident that my stock purchases today will only be beneficial later in life. We've all lost in the recession but I'm buying the whole way down.

i already said what im doing, which is not buying. yes and while you continue to buy on your way down, you will be pushed even further down, unless you stop buying and let the economy recover naturally (yes that is possible). it must make you feel like a superhero buying stocks thinking you (someone with no power) can magically help the recession recover by throwing money at it (i bet the same people who keep buying are the same ones who told obama he cant throw money at the economy). now, im not too big on obama lately either but im also no hypocrite. have fun playing superman with capitalizism!

[Jaggy001]

Originally Posted by Stac2007

I think the last two days market rallies are artificial and don't believe them for one moment. Something really stinks and I'm not buying it. All I see is people wanting things to get better and making it happen by waging the dog. I may be a peasant but I still have intelligence to know things are not right.

They are artificial up to a point. There is a lot of cash out there looking for a return. Shares in good companies who pay an okay dividend are looking better than bank deposits. In addition, some companies stock price has been discounted far below their book value and even the amount of cash they have. So, when the market takes a fairly deep dive, some of that money will come back in when shares look cheap and when there is a little bit of good news.

As I already said, at this moment in time, I see buying stocks as essentially a short term strategy designed to take advantage of the volatility. I would never bet the farm on them and my pension money is all in cash equivalents.

[TennisDD]

Wow, a positive post getting a lot of action. I obviously have no idea and I think no one really does with what will happen. I am tired of all the gloom and doom. It has just become redundant. Yes there are a lot of bad things about our economy, it is not and will never be perfect.
Can we improve it? I believe we can. I am not a big Obama fan(nor was I a Bush fan), but I really hope our President starts focusing more on our economy and talk about ways to improve it

He was suppose to be about Change, no more politics of the old, but all I do is here him talk about Wall Street fat cats and bankers and how there is a time to make money.
Come on President, I am behind you, just start focusing on a solution instead of the blame game!

[moehonker]

This looks like shorts covering giving more room for the those who didn't cover to short more. Dow stopped at the 21 DEMA today so can the bulls power past this resistance to scare more shorts into more covering will be answered soon.

[gwynedd1]

Originally Posted by TennisDD

Wow, a positive post getting a lot of action. I obviously have no idea and I think no one really does with what will happen. I am tired of all the gloom and doom. It has just become redundant. Yes there are a lot of bad things about our economy, it is not and will never be perfect.
Can we improve it? I believe we can. I am not a big Obama fan(nor was I a Bush fan), but I really hope our President starts focusing more on our economy and talk about ways to improve it

He was suppose to be about Change, no more politics of the old, but all I do is here him talk about Wall Street fat cats and bankers and how there is a time to make money.
Come on President, I am behind you, just start focusing on a solution instead of the blame game!

Hi TennisDD,

Without the credit creation engine of real estate to explode the money supply it will be a contained bear market rally.

[thebigr]

Originally Posted by GDK94

the way you said that makes it sound like you KNOW that this will happen, yet you are trying to encourage a depression. dont be an idiot.

Don't worry, spring is right around the corner, the sun will start shining again and you will feel much better.

[GDK94]

in october 2008, the dow rose 18% (much higher than its rising today), but starting on november 5 it fell 55%. in 1931 the dow dropped 38%, then rose 28%, then dropped 29%. remember the tarp plan? "yay! we have hit and passed the bottom! the recessions over! the dow will rise forever!". but we DID NOT hit the bottom, the recession WAS NOT over, and the dow most certainly DID NOT rise forever. from 1929 to 1934 people experienced extreme highs one month and even more extreme lows the next. the media will not tell you this because they want you to remain confident. just look at the dow during all previous recessions. everything im saying is based off of studying recessions, everything you say is based off of optimism. but just remember that theres a thin line to cross between optimism and irrationality.

[GDK94]

also, anyone remember the bailout of fannie may and freddy mac??? everyone thought the recession was over then too.