I need some folks to chime in here. I invested a good chunk of money in January figuring if you don't buy when it's low, when are you going to buy? All my stuff is up a combined 30%. It's nuts. Anyway, KOAJ was talking the dow at 6,000 when Barry took over. What gives? I REALLY want to sell now and then re-buy when it goes back down below 8,000 before the supposed real recovering begins. My finance guy says no, but I keep reading articles from these so called experts who have warned that this is fool's gold in terms of the recovery.
WTF is going on? I would really kick myself if I sold and ended up not getting back in at a cheaper price. But if the market is going back to 7,500, I want to sell, make out like a bandit, and re-buy.
Does anyone have an informed opinion here?
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To remove first post, remove entire topic.
I need some folks to chime in here. I invested a good chunk of money in January figuring if you don't buy when it's low, when are you going to buy? All my stuff is up a combined 30%. It's nuts. Anyway, KOAJ was talking the dow at 6,000 when Barry took over. What gives? I REALLY want to sell now and then re-buy when it goes back down below 8,000 before the supposed real recovering begins. My finance guy says no, but I keep reading articles from these so called experts who have warned that this is fool's gold in terms of the recovery.
WTF is going on? I would really kick myself if I sold and ended up not getting back in at a cheaper price. But if the market is going back to 7,500, I want to sell, make out like a bandit, and re-buy.
I have to think that we will retrace too, but the problem I see is how far do we retrace and WHY?
We dropped due to the banking and financial sector implosion, so what will the catalyst be to possibly retest the lows?
At the lows there were several banks which were testing levels which equate to BK, and do we see that again? I doubt it.
So what other catalyst would have enough force to drive the markets down to such severe levels?
I dont see one..it wont be TECH, even if banks drop, I doubt C and BAC threaten to go under..and that is what it would take to see DOW sub 7k again.
Ive been trying to think about what could cause the markets to get hit that hard again..especially since the markets move in future anticipation..
I am not interested in the "the USD is going to zero and Obama is going to bankrupt the country", that doesnt make sense to me and I wont entertain those theories..but I would like to discuss what could with a HIGH probability make such events happen because we all could profit off it.
I just never agreed with some of the outrageous theories that some have floated, they dont make sense to me, especially given where we are relative to the entire situation.
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I have to think that we will retrace too, but the problem I see is how far do we retrace and WHY?
We dropped due to the banking and financial sector implosion, so what will the catalyst be to possibly retest the lows?
At the lows there were several banks which were testing levels which equate to BK, and do we see that again? I doubt it.
So what other catalyst would have enough force to drive the markets down to such severe levels?
I dont see one..it wont be TECH, even if banks drop, I doubt C and BAC threaten to go under..and that is what it would take to see DOW sub 7k again.
Ive been trying to think about what could cause the markets to get hit that hard again..especially since the markets move in future anticipation..
I am not interested in the "the USD is going to zero and Obama is going to bankrupt the country", that doesnt make sense to me and I wont entertain those theories..but I would like to discuss what could with a HIGH probability make such events happen because we all could profit off it.
I just never agreed with some of the outrageous theories that some have floated, they dont make sense to me, especially given where we are relative to the entire situation.
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