marine2
963 posts
msg #64673
- Ignore marine2 |
7/3/2008 9:48:03 PM
I say this, all of us needs to stop trading until the markets, the world adjusts itself to a lower standard of living. Choosing stocks is NOT like it used to be. Logical ways of picking companies is not there. Everything is illogical. It's time we circled our wagons and protect our savings. There are invisible forces out there today waiting to drop a sector of our markets in a heart beat. Why the gloom and doom you say, well look around you and see how our life is deterioting. Millions of people in the United States have lost billions of dollars to stupid people that supposedly led us down prim rose lane then pushed off an unseen cliff. See whats around you and act accordingly. That certainly is not investing like it was just a normal day. How about all of us putting our money into Treasury notes or the money market until this bad stench of an economy turns around again. Which could be another 5 years from now.
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alf44
2,025 posts
msg #64683
- Ignore alf44
modified |
7/3/2008 10:36:05 PM
...since for some odd reason..."marine" chose to create this thread in BOTH...the Filter...AND...the Discussion rooms...
...I'll also post my responses here as well...
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"GAWD !!!
Please tell me I'm dreaming !!!
Please tell me "pollyannas" like you...don't really exist !!!
Grow a pair...trade the MARKET...JEEEEZ !!!
Regards,
alf44"
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to which..."marine" said...
"Sure when the economic hurricane finally passes I will until then this smart guy is sitting on his money. "
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to which...I then replied
"...traders trade...
...if YOU feel YOU need to sit on the sidelines...do it !!!
...I repeat...TRADERS TRADE !!!"
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Why it was felt necessary to create this thread in both rooms...I haven't a clue !!!
Regards,
alf44
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marine2
963 posts
msg #64690
- Ignore marine2 |
7/3/2008 10:57:09 PM
Alf44, spreading the word is how great thoughts get conveyed to the masses. May you and our other forum brothers and sisters all find tid bits of my information appealng and instill upon them and yourself to thoughtfully plot their investing strategies in a way that will be less stressful and fruitful for each of you.
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alf44
2,025 posts
msg #64692
- Ignore alf44
modified |
7/3/2008 11:07:38 PM
...marine...cliche as it may sound...
...THIS IS A TRADER'S MARKET" !!!
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JOT THAT DOWN...on a post-it note...and stick it on your monitor !!!
You need to lose the "investor" mentality !!!
This is NOT...a BUY and HOLD...environment !!! fwiw
GLTY !!!
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WALLSTREETGENIUS
983 posts
msg #64695
- Ignore WALLSTREETGENIUS
modified |
7/4/2008 12:07:53 AM
marine2 -
I must say, that if any of the masses took your advice, we would be in a heap of trouble! See, the only thing that's going to "turn things around" is...more trading! There are only two forms of business that built the foundation of our great country....and they are the STOCK MARKET and the REAL ESTATE market! That's it! One could say it was the OIL industry or the Railroads...but where do you think they got the majority of their investors? THE STOCK MARKET!
Did we "stop trading" after the "Towers" went down? Or did we stop after our generation's most recent "crash" in '87? We're not a country of cowards, and we don't take losing at face value. We fight, and we usually prevail. The Market god's will throw us a bone in the next month, but ernings is again right around the corner. You think last qtr was bad?...wait till you get a load from THIS qtr! I'm gonna make a fortune shorting these bad companies in the financial sector! Hey man, just flip the s&p chart upside down, and as "TRO" once put it...."GET URE SHORTS ON!...because this market (S&P) is going to crash all the way to the 800 level over the next two years! And that will be the reason for my early retirement baby! I'll then be writing you guys from a white sandy beach on some remote Island in Tahiti! All because why?....because there's always two way's to skin a cat!
- WALLSTREETGENIUS -
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alf44
2,025 posts
msg #64699
- Ignore alf44 |
7/4/2008 1:51:25 AM
...
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marine2
963 posts
msg #64712
- Ignore marine2 |
7/4/2008 1:03:07 PM
No, for all us non professional traders, it's called sell and wait till the storm passes over. Let the big dogs move the markets into the proper position before us little guys attempt to play the ODDS. If, however, you are a true professional trader then yes go right ahead and tappy tap tap where you may in hopefully successful trades.
I speak for the non professional dabblers/investor. Not you true blue traders or gamblers whichever fits your investing identity.
When the markets make no sense, step aside and let the big boys muddle through the mess until the environment becomes clearer again.
Yes, it's true, sometime down the road, all the markets will be flourishing once again, the real estate will become alive maybe not as nice as it once was but it will wake up, and jobs will go back upward and rosier times will be once again upon us. But, until then, sit and watch, us normal non professional traders, and wait, for OUR time to dabble.
Remember this is not gambling, per se, its called investing one's hard earned money intelligently and not wishing and hoping no one throws a curve on you and ruin your portfolio.
Use the KISS method and you will be just fine.
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