artredis1980 said:-590 DOW
It'll get worse. -800, perhaps?
artredis1980 said:-590 DOW
artredis1980 said:-690 DOW
Ether_Snake said:What I meant was that oil is an indicator of economic activity in the sense that if it's in less demand then it's because the economy is slowing, and I'm saying I don't see the economy getting back into shape without the equivalent of the industrial revolution (figuratively speaking), I think since the .com boom what we have been seeing is a will to valuate where there was no value, we have been looking for the economy to grow, for new sectors to open. The digital era is allowing for more information to be shared, for countries around the world to develop in relation to one another at much closer pace than ever before, but the room is just getting more crowded. In a way it's like what would happen if more and more people made the same amount of money; if everyone is a millionaire, nobody's rich.
So I'm saying that demand won't go up until a revolution allows for real value creation, which would "open doors in the crowded room" and allow for some order with value holders financing value-seekers, and the economy to run properly.
Are you sure demand is unchanged? I would doubt that.
EDIT: BHI down 24% ouch.
In its monthly report, the Paris-based energy watchdog cut its forecast for oil demand this year by 240,000 barrels per day, and slashed its 2009 forecast by 440,000 barrels per day. The IEA now expects global oil demand to total 86.5 million barrels per day this year and 87.2 million barrels per day next year.
Ether_Snake said:Alright let's see in two years!;p
Who knows? AAPL doesn't always fall when the market does. Overall, of course it has, but day to day, you don't know.Pimpwerx said:How low will AAPL get this year, and when should I pounce? I didn't realize it had dropped back almost to 90 yesterday. Perhaps I should wait to see if the Dow craters further tomorrow? PEACE.
Xisiqomelir said:What do you guys think about the short ETFs like DXD? I'm pretty sure there'll be at least one more wave of bad news and panic selling coming up in the next few months.
Ether_Snake said:Think the Dow will go down more? Buy. Think it will go up? Don't
Ether_Snake said:Saw that earlier today, any other big banks released or will release their earnings soon?
Ether_Snake said:Something I was reading just now:
http://en.wikipedia.org/wiki/The_Japan_That_Can_Say_No
I'm reading about the Japanese recession and found this interesting. While they are typically overly-prideful in their assertions, I agree completely with Morita's views on the way American businesses conduct themselves in general:
* American business focuses too much on money games like mergers and acquisitions, and not enough on creating real goods and manufacturing power.
* American business focuses too much on short term profits, such as moving manufacturing overseas, while sacrificing long term overall livelihood.
* American company executives receive too much income, which hurts their companies.
* Employees in Japanese companies form a tight community, so overall results are better.
* The trade surplus with the U.S. is caused by the lack of desirable products made in the U.S.
* U.S. businesses are strong in basic research, but not in product development and marketing
* It is natural for the Japanese government to protect Japanese businesses, as it relies on their tax revenue.
Tideas said:any stocks do you guys see that's a bargan right now?
I'm looking at RIO, Barclay, GE, ABB, BHI, CHK, and V
Ether_Snake said:Too many to name, no way to be certain.
This market is so crazy right now. BIDU has good earnings report but still down. I bought BIDU last week after saw GOOG had a good quarter.Ether_Snake said:Yeah, my first BHI purchase was at 65, then today at 32. I expect more falls in anything I buy at this point, too much uncertainty for me to hope to make some money on the short term. But long term I'm not worried. My plan is just to continue to contribute what I can in stocks, mainly in very strong companies from here on, reshape my 401k and raise my contributions to it once I get a raise in April (that's so far away).
EDIT: BIDU reported some good earnings. Down AHs tho but whatever.
Tideas said:any stocks do you guys see that's a bargan right now?
I'm looking at RIO, Barclay, GE, ABB, BHI, CHK, and V
Ether_Snake said:How much do you expect to make? To make a decent return the Dow would have to go lower than it has in the past 3 months. Just saying, since it's now at 88 and its highest was 94.
Xisiqomelir said:Well, DXD is double-inverse and I expect the Dow to eventually bottom at 7200-7500, so I guess 22-30%.
tarius1210 said:This market is so crazy right now. BIDU has good earnings report but still down. I bought BIDU last week after saw GOOG had a good quarter.
Ether_Snake said:Ah right double-inverse. Anytime I look at ETFs I look for a double
ArtG said:Tell me about it. The market doesn't know which way is up or down. We're trading on pretty much nothing here. There's almost no logic left--any given day could be a +/- 5 percent day based on almost no new information.
gkrykewy said:Thinking of jumping in on DOW chemical for the long haul. They're up significantly in pre-market, but still just above 1999/2000 price levels. CEO committed to dividends this morning, which are at a 7% yield at the current stock price levels.
EDIT: Sony cut their forecast dramatically below analyst estimates, largely on currency concerns. This bodes poorly for Nintendo next week, despite being much more profitable. Japan needs to do something to weaken the yen.
Tideas said:earning for DOW is today.
gkrykewy said:Thinking of jumping in on DOW chemical for the long haul. They're up significantly in pre-market, but still just above 1999/2000 price levels. CEO committed to dividends this morning, which are at a 7% yield at the current stock price levels.
EDIT: Sony cut their forecast dramatically below analyst estimates, largely on currency concerns. This bodes poorly for Nintendo next week, despite being much more profitable. Japan needs to do something to weaken the yen.
yeah I'm purchasing some POT this weekend too!Ether_Snake said:I'm looking at POT, but I'm not sure when I'll be able to make a purchase unless I sell ATVI (my only gain right now, and I don't really want to sell it now).
BA is still really interesting, but I gotta pick and chose and it's not at the top of my list.
WFR earnings today, not confident about this one but I'm curious. Solars are tanking.
Ether_Snake said:I'm looking at POT, but I'm not sure when I'll be able to make a purchase unless I sell ATVI (my only gain right now, and I don't really want to sell it now).
BA is still really interesting, but I gotta pick and chose and it's not at the top of my list.
WFR earnings today, not confident about this one but I'm curious. Solars are tanking.
gkrykewy said:Don't touch Potash with a 10-foot pole. It's a fucking cancer. DONOTWANT.JPG
Keep your ATVI.
Ether_Snake said:Why?
EDIT: Ratios look good.