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08-17-2007, 03:53 PM
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Senior Member
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Join Date: Aug 2006
4,600 posts, read 3,064,573 times
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Did any if you guys buy stocks today?
Did any of you guys buy any stocks today? I did. I just wanted to hear if anyone else did too.
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08-17-2007, 03:57 PM
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Senior Member
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Join Date: Jan 2007
Location: Tolland County- Northeastern CT
4,454 posts, read 1,942,651 times
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No Roma
this rally today was merely chimerical- the FED has been caught flat footed-things are now beginning to look far worse then they could have ever imagined- a recession now is highly likely.
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08-17-2007, 03:59 PM
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Moderator
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Join Date: Apr 2007
Location: Sacramento
9,802 posts, read 5,184,510 times
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Quote:
Originally Posted by Roma
Did any of you guys buy any stocks today? I did. I just wanted to hear if anyone else did too.
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No, my investment is mechanical and put in as a fixed amount each month. I think you did fine, and though nobody can predict short term swings, keep in mind the long term performance. |
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08-17-2007, 04:00 PM
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Moderator
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Join Date: Apr 2007
Location: Sacramento
9,802 posts, read 5,184,510 times
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Quote:
Originally Posted by skytrekker
No Roma
this rally today was merely chimerical- the FED has been caught flat footed-things are now beginning to look far worse then they could have ever imagined- a recession now is highly likely.
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That recession is certainly possible, but I have a lot of confidence in how the Fed manages the economy. |
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08-17-2007, 04:08 PM
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Senior Member
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Join Date: Mar 2007
Location: VA
785 posts, read 1,183,498 times
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Today is just a dead man's bounce. Once the market gets over the excitment of the federal reserve action, the people will drive the stocks down another 15%. No one should have any money in the stock market that is needed for at least ten years.
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08-17-2007, 04:11 PM
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Senior Member
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Join Date: Jan 2007
Location: Tolland County- Northeastern CT
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The FED I feel has miscalculated terribly.
1. first they said 2 years ago there was no housing bubble under Greenspan
2. Then they said all through the spring there was no sub prime problem
3. Then they said the sub prime problem was contained
4. The whole damn thing is now imploding
They also said the problems in housing would not spread to the broader economy- well that is now happening.
Todays statement from the FED seemed like an act of panic-
You may have faith in the FED NewtoCa- but both Greenspan and Now Bernanke have done nothing but devalue the dollar, cause massive debt and multiple asset bubbles.
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08-17-2007, 04:12 PM
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Moderator
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Join Date: Apr 2007
Location: Sacramento
9,802 posts, read 5,184,510 times
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Quote:
Originally Posted by skytrekker
The FED I feel has miscalculated terribly.
1. first they said 2 years ago there was no housing bubble under Greenspan
2. Then they said all through the spring there was no sub prime problem
3. Then they said the sub prime problem was contained
4. The whole damn thing is now imploding
They also said the problems in housing would not spread to the broader economy- well that is now happening.
Todays statement from the FED seemed like an act of panic-
You may have faith in the FED NewtoCa- but both Greenspan and Now Bernanke have done nothing but devalue the dollar, cause massive debt and multiple asset bubbles.
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In light of your view of the results of Fed actions, what alternative actions do you believe would have been more appropriate? |
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08-17-2007, 04:18 PM
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Senior Member
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Join Date: Jan 2007
Location: Tolland County- Northeastern CT
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Quote:
Originally Posted by NewToCA
In light of your view of the results of Fed actions, what alternative actions do you believe would have been more appropriate?
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They have no choice actually- that is the problem. They needed to restore order to prevent a total meltdown and financial panic.
There is a great blog I read- Calculated Risk
I am sure you and others will enjoy it if you like economics, the Markets and more. |
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08-17-2007, 04:18 PM
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Moderator
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Join Date: Apr 2007
Location: Sacramento
9,802 posts, read 5,184,510 times
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Quote:
Originally Posted by Dingler
Today is just a dead man's bounce. Once the market gets over the excitment of the federal reserve action, the people will drive the stocks down another 15%. No one should have any money in the stock market that is needed for at least ten years.
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You have indicated in a few postings that you believe this to be the start of a depression. What do you believe that to mean in practical terms, in other words how do you see this affecting folks in their daily lives, and why? |
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08-17-2007, 04:22 PM
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Senior Member
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Join Date: Jun 2007
1,977 posts, read 1,480,590 times
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Towards the original question --
Nope, no stocks today. No crack or meth either.
I am doing it one day at time, you can, too.
But towards the larger picture, so why do folks want to "invest" in companies that tend to destroy America?
What is the attractant in that, anyway?
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