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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
Ether_Snake
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You can't predict anything, don't even try. NO ONE can predict how the markets will be. No even slightly.
got2bekidding
Member
The automotive industry is reeling. I'm not in and wouldn't touch it with anyone's "pole". That's my opinion though so take it for what you will.so_awes said:
edit: I'm thinking about getting into another "G" stock, but that would be GE. They pay a nice dividend (6% I believe) at least up to 2009.
Clarification edit on my opinion on the automotive industry: I'm talking about at this time. It's going to take time for the unfreezing of the credit system along with the buying power of the consumer to come back. The time isn't now to get into this industry due to those facts.
What I said was markets are going to stagnate.. What we are seeing is the result of massive deleveraging. So to that the market is going to stabilize. Where inflation goes from here I don't know. I've been trying to figure it out. Either we'll see a Paul Volker like deflation where rates go sky high or we'll see hyperinflation. Let's pray it's the former rather than the latter.
Jim Rogers and Peter Schiff offer Very valuable contrarian advice. So while I'm not saying the world is ending, and Peter never really says that either, but what he does say makes a lot of sense. To think that there are no repercussions for the drunken financial orgy that's gone on in this country, and some parts of Europe, for the last several years would be naive. I've done a substantial amount of research to formulate my own opinions and I try to keep everything on an even level but to do that you have to listen to both sides.
So take this advice for what you paid for it because like Socrates said.. "I know that I know nothing".
Jim Rogers and Peter Schiff offer Very valuable contrarian advice. So while I'm not saying the world is ending, and Peter never really says that either, but what he does say makes a lot of sense. To think that there are no repercussions for the drunken financial orgy that's gone on in this country, and some parts of Europe, for the last several years would be naive. I've done a substantial amount of research to formulate my own opinions and I try to keep everything on an even level but to do that you have to listen to both sides.
So take this advice for what you paid for it because like Socrates said.. "I know that I know nothing".
mrWalrus said:
My problem with Peter Schiff et al (who "called all this", giving him equal credibility to many random bubble bloggers and JayDubya) is that his preferred policy courses moving forward would lead to cataclysm, martial law, and maybe a third world war. It's not enough to say "I told you so," and let the market take its course - a constructive transitionary policy course must be charted.
"I know that I know nothing" - me too :lol
gkrykewy said:
Sure, okay but the only difference there is that both Jim Rogers (Beeland Interests) and Peter Schiff (Euro Pacific Capital) own and operate Very successful trading firms. Just because our way of life has gone on the way it has doesn't mean it's working or that it should continue. I know if I were Asia I'd be getting very close to kicking the Western world to the curb. Our greatest asset to them is our voracious appetite for consumer goods and if their exporting power went away (ie the dollar collapses) then they would certainly feel a pinch but... well that's enough. I could go on but I have some currencies to keep an eye on.
All the best to everyone.
Edit (before posting):
One last name to do research on/listen to is Gary Kaltbaum (www.garyk.com). His radio show goes online each night. Smart guy.. worth the time if playing the market is something that interests you.
Ether_Snake
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Wow, Berk-B traded at 3000 at opening only to bounce right away to 4000 (and then back down). Some people must have made a nice killing on this
got2bekidding said:
GM was talking Bankruptcy early this morning.
To be clear, what they actually said was "But bankruptcy protection is not an option GM is considering. Bankruptcy would not be in the interests of our employees, stockholders, suppliers or customers."
http://www.theglobeandmail.com/servlet/story/RTGAM.20081010.wgmbankrupt1010/BNStory/Business/
Battersea Power Station
Member
8000 as a bottom? There's plenty of resistance here. Look how it's hovering around 8100, bouncing up and down in one place. When it breaks through, it's going to tank, just as it did near 9000 yesterday.gkrykewy said:
Whether it does it today or tomorrow is academic.
gkrykewy said:
All I know is that EVERY SINGLE THING that GAF posters insisted would never happen has happened, and many things which they're now saying will never happen will likely happen too. People said AIG would never collapse, yet they did. They said WaMu wouldn't, but they did. Won't fall below 9K, but we did. Now people are saying it won't fall below 7K. Watch it happen by early next week.
This is not to call out the particular posters who made these statements, just a reminder that no one can be confident in what they thought they knew anymore.
Battersea Power Station
Member
I assume it happened one day when Kosma posted 2 threads about Thailand, which I jokingly implied was a way to gloat about being in Bangkok:lil smoke said:
http://www.neogaf.com/forum/showthread.php?t=335364
Others didn't share my sense of humor.
got2bekidding
Member
Yes, this was my point to the post I was replying to. Now is definitely not the time to even think about touching the automotive stocks. The credit lenders haven't even seen the "break" that's supposedly coming from the bill that was passed in order to unfreeze the credit markets. After that, you have to allow more time for the consumer to build back up their monetary assets aka purchasing power to really influence enough of an incline to make a difference in the stock price. Those at least are my feelings on the whole thing.Fatghost said:
BCS has dropped so far there aren't even any out of the money puts left. It has hit every strike price now. I had a BCSVC, $15 put and sold it for $2.40 after buying it for $0.50. Who could have imagined? I mean they've withstood everything. They're even refusing their government's bailout.
Ether_Snake
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Battersea Power Station said:
It's just a number.
Battersea Power Station
Member
Watch.Ether_Snake said:
got2bekidding
Member
I wish Erin Burnett would shut the fuck up about $3.40/gallon for gas is cheap and saying that this "drop" will accelerate spending by consumers. While she is partially right about about freeing up some money that could go toward other expenditures, that price per gallon was the beginning, if not the middle, of individuals making budget cuts do to the constraints of higher gas prices. Once, or even if, gas gets around the $3.00 mark, then I would agree completely with her statement.
speculawyer
Member
I need to bring in my new facepalm . . .
My brain is so overloaded that it is literally glowing. :lol
My brain is so overloaded that it is literally glowing. :lol
got2bekidding
Member
eznark said:
I would be too. Soooo jealous atm.
This made me laugh. Nicespeculawyer said:I need to bring in my new facepalm . . .
My brain is so overloaded that it is literally glowing. :lol
Deku Tree said:
That can't be right - was 1.1 billion by midday according to http://www.cnbc.com/id/27114456