streetraver Posted July 25 Report Share Posted July 25 Up or down today? Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 25 Report Share Posted July 25 down... yesterday was a suckers rally... if we learned anything from the past couple weeks/months its to sell into rally's... take a gander at CCMP and HSY if you want some good plays today... Quote Link to comment Share on other sites More sharing options...
stacychase Posted July 25 Report Share Posted July 25 I am trying really hard not to think/worry about the market right now. If I did I would be sick all of the time.... Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 25 Report Share Posted July 25 i wish i had that luxury... Quote Link to comment Share on other sites More sharing options...
stacychase Posted July 25 Report Share Posted July 25 Originally posted by dgmodel i wish i had that luxury... if that is what u do for a living right now, i feel for you. Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 25 Report Share Posted July 25 Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 25 Report Share Posted July 25 unofficially closed down 5pts but whoa... 250 pt. recovery... this market is insane... Quote Link to comment Share on other sites More sharing options...
Codica3 Posted July 25 Report Share Posted July 25 I hate uncertainty. Quote Link to comment Share on other sites More sharing options...
stacychase Posted July 25 Report Share Posted July 25 Yes it is... I have a friend who has been a bear for over a week, he does something with the market and has been no fun... After yesterday and than today he is a bit nicer... Quote Link to comment Share on other sites More sharing options...
streetraver Posted July 25 Author Report Share Posted July 25 Just short everything! Now AOHell's getting investigated. Buy some US treasury bills and just be happy with that for a while. Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 25 Report Share Posted July 25 bonds... Quote Link to comment Share on other sites More sharing options...
streetraver Posted July 25 Author Report Share Posted July 25 Originally posted by dgmodel bonds... Basically. Still, now's the time to invest in some secure markets like real estate and bonds, things are cheap, ppl are jittery, gotta take advantage of it. I never trusted the stock market, I mean it's basically taking bets on company performance since the late 90's. That's almost as bad as the new weather derivatives that all the banks are peddling but at least that's used to hedge seasonal risk. Quote Link to comment Share on other sites More sharing options...
ecstatichigh35 Posted July 25 Report Share Posted July 25 Real Estate is NOT cheap right now. At least not on Long Island. My dad's house went from $700,00o 5 years ago when he bought it to about $3 Million now. And all these little $2-300,000 houses are all worth at least half a million now. So I mean building houses is a smart thing to do now, and if you already own a house your lucky, but buying a new home now is rediculous Quote Link to comment Share on other sites More sharing options...
streetraver Posted July 25 Author Report Share Posted July 25 Originally posted by ecstatichigh35 Real Estate is NOT cheap right now. At least not on Long Island. My dad's house went from $700,00o 5 years ago when he bought it to about $3 Million now. And all these little $2-300,000 houses are all worth at least half a million now. So I mean building houses is a smart thing to do now, and if you already own a house your lucky, but buying a new home now is rediculous Prices aren't down, true but they aren't ridiculously high either, it's appreciating at the same historical rate. However mortgage rates are down so financing a purchase is a lot better. I got a 5yr ARM at 6%, that's really low. A real estate purchase is good also because currently the renter market is weak so ppl are more inclined to sell because there's no incentive to rent it out but once the market picks up a little and ppl come back into the city, you'll make a decent amount off renting the place out. Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 26 Report Share Posted July 26 Originally posted by streetraver Basically. Still, now's the time to invest in some secure markets like real estatelol... buying real estate now is the equivalent of buying yahoo @ $250... dont do it... i dont know how knowledgeable you are about the markets or how savvy you are about investing however, theres the natural law of economics and progression of money through out our economy... typically (keep in ind im saying typically, who knows now with the way the markets have been there really havent been any rules/theorys that held true) what happends in the U.S. equity markets tends to follow in suit 1-2 yrs later in the real estate market... so with this over abundance of purchasing and irrational exuberance for real estate currently i would say this is the time to sit back and let the suckers gorge themselves on overvalued property... its the dow theory in full effect... along with baruchs... but hey its your money do what you will... Quote Link to comment Share on other sites More sharing options...
ecstatichigh35 Posted July 26 Report Share Posted July 26 Originally posted by dgmodel lol... buying real estate now is the equivalent of buying yahoo @ $250... dont do it... i dont know how knowledgeable you are about the markets or how savvy you are about investing however, theres the natural law of economics and progression of money through out our economy... typically (keep in ind im saying typically, who knows now with the way the markets have been there really havent been any rules/theorys that held true) what happends in the U.S. equity markets tends to follow in suit 1-2 yrs later in the real estate market... so with this over abundance of purchasing and irrational exuberance for real estate currently i would say this is the time to sit back and let the suckers gorge themselves on overvalued property... its the dow theory in full effect... along with baruchs... but hey its your money do what you will... exactly Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 26 Report Share Posted July 26 today we're prolly going to close double digits up... Quote Link to comment Share on other sites More sharing options...
dgmodel Posted July 26 Report Share Posted July 26 bam~! unofficial double digit close @ 72pts... a whopping 1%... Quote Link to comment Share on other sites More sharing options...
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