March Stock Implosion Thread

Anything else to say?

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.

"Change"

can someone find me a long term catalyst or as reason for private money to get back into the market?

if so, i'll follow

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.

Yep..been buying and losing of course.

Little did I know that the shipping market would go from a high to a low in the matter of like 4 months but it did.

To value the entity at 100M to 200M is just absurd.

steel - talking institutional investors...the guys that move the market

little guy is done for a long time

a good portion of those funds are clients...i know a few big ones off hand that starting getting out of everything (billions) mid last summer. as one told me "We're sort of scared of equities right now"
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lifeismisspent - this is way before W's control. this is a collection of fuckups and debt dating back to the Federal Reserve, New Deal, Great Society, CRA, SEC allowing IB's to lever up

government incompetency at its finest

 As above ...I do not see any way a crisis that took years of financial manipulation will be solved in months...think years.

 And with the same cast of clowns still in Congress that presided over this fiasco, you still have the greatest circus in the world, but it is not as free as Mencken thought:it is actually quite expensive.

 Sell into any rally and watch...I remain in SKF for its perpetual wild ride. Sooner or later I will take a loss on that thing, but no way it will erase the gains it has provided over the past year...
 
  We have a group of highly ideological people calling the shots under the guise of necessity. And people who know Rahm Emmanuel know he was not joking when he said to never let a good crisis go to waste. He really wasn't kidding...

 
 

PS

SKF just keeps rocking and rolling...

clay, what exactly is the best way to buy bars of gold and take physical ownership.  I mean, there isn't exactly the corner gold store.  I've tried to research this and I've always come away simply confused.  Got any simple how-to instructions on this while getting a fair price, or a link to such info? 

CC,

That just isnt practical to me at all, what are you going to do lug all that gold when you move, barter trade it for groceries?

If you guys who are destruction bears like gold, what good will it be to hold if things go that badly?

SKF up 17%.

Getting close to the all time highs and that includes like 100 or so worth of capital gain dividends.

And what a bunch of moron suckers we have in office that bot GM and their sob-story bullsh!t when anyone with a brain knew it wouldnt do a damn thing.

We should have just let them fail and be done with it.

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.

I cant bite that one Rat.

AIG is the insurer of those "investments" and the domino effect would be MONSTEROUS if they werent able to stay afloat.

Keeping GM afloat only supports a small business segment and a bloated union.

"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.