March Stock Implosion Thread

would like to think we're close to some sort of "wash out" with 680 new lows on the NYSE BUT there are just NO buyers.

the bears are having fun.

Looking very bad.

Worse in history maybe.

Good job Dubya

Koaj,

what are talking about - the individual investor or the retail investor.

The individual investor isn't coming back anytime soon.  They jumped back in November and saw all that money washed out so I can't see too many of those guys jumping back in soon.  I remember back in the fall people were talking about lossing a generation of individual investors.  I scoffed then but feel that is an accurate assessment - most people aren't going to invest money they feel they'll lose. So I wouldn't see the individual investors jumping back until there is a consistent rise in the markets that sticks for a period (i.e. no bear rally that gets knocked back down).

as for institutional- most don't trust the numbers that have come out, have no clue what the Obama administration is going to do or changes the rules all the time and the p/e's numbers are completely in fantasy land right now.  Most would rather hoard cash at this point. While that doesn't help their growth it doesn't wipe them out.  Given that buyers are the most active right now without any real sellers it gives the appearance of people sitting on their hands.  There still hasn't been that wipe out day, yet either. 

Maybe the institutional guys are waiting for that 1000 point drop (I guess given how low the dow is you won't get that in a day b/c of stop limits) but a 10% drop on any index would help get the institutional guys back in.  We will either get that 10% down day or a likely slow bleed to 5000/450 based on technicals until they finally jump in.

Maybe it happens today with Timmy and helicopter Ben talking today.

Gotcha. Of course the problem with the little guy not coming back leaves a large untapped amount of money out there.  which is a shame but given we are going to "distribute the wealth" a little, maybe every figures it won't matter.

"What you're now seeing is profit-and-earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," Obama said Tuesday.

Can anyone remember a prior president giving investment advice? I hope he's right but this seems a bit out of line to me.