state of the market - TranceAddict Forums

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Posted by whiskers on Mar-02-2009 16:53:

state of the market

DOW is at a record 12-year low and everyone is saying that this is a great opportunity to invest - short term losses aside, you'll either make a bunch of money in the long term or it all goes to hell and your money will be worthless anyway.

Also, people are advocating stocking up on ammo...

Resident TA investors' thoughts on the situation?

Also, what's that site with good tutorial / advice on investing?

Posted by malek on Mar-02-2009 17:00:

buy some canadian banks stocks, they are impossible to fail (they are run like mafia in an oligopoly fashion), and are low now!

Posted by winston on Mar-02-2009 17:04:

BUY.

Posted by mezzir on Mar-02-2009 17:06:

buy one of everything!

Posted by winston on Mar-02-2009 17:56:

quote:
Originally posted by mezzir
buy one of everything!

lol

Posted by TranceOwnsLol on Mar-02-2009 18:17:

if you have money, invest in property.

Posted by Joss Weatherby on Mar-02-2009 18:33:

quote:
Originally posted by TranceOwnsLol
if you have money, invest in property.

if you have REAL money.

Posted by SuspicionVandit on Mar-02-2009 20:54:

Is Armada records on the market? The release for the new ASOT should be out soon and I'd really like to jump that gun.

Posted by Moongoose on Mar-02-2009 22:24:

We are still holding shorts here, holding longs at this point is just like throwing money down the toilet only less fun. Dow opened below 7000, S&P almost breached 700 and even Mr. Robuini is surprised just how fucked the economy actually is. Saying that my portfolio (consisting among others of FAZ, SRS and ERY) went up 13% today.

That being said, i do have high hopes for the dry shipping and solar energy stocks when the market tries to establish the next support.

Also, an interesting site you might want to check out.

[[ LINK REMOVED ]]

Posted by whiskers on Mar-02-2009 22:29:

quote:
Originally posted by Moongoose
We are still holding shorts here, holding longs at this point is just like throwing money down the toilet only less fun. Dow opened below 7000, S&P almost breached 700 and even Mr. Robuini is surprised just how fucked the economy actually is. Saying that my portfolio (consisting among others of FAZ, SRS and ERY) went up 13% today.

That being said, i do have high hopes for the dry shipping and solar energy stocks when the market tries to establish the next support.

Also, an interesting site you might want to check out.

[[ LINK REMOVED ]]

God, that site looks like the investor's equivalent of a Star Trek fan fiction forum.

Posted by astroboy on Mar-02-2009 22:30:

Wait til it starts to pick up... I just always prefer to buy in a bit on the right side of the V. In general though a lot of stocks are undervalued right now and with a long term horizon you can lock in some nice returns.

Fuck speculation and technical analysis - might as well put ur money on a roulette table. Find some stocks that are/were considered "solid", get their financials and do your own valuation based on the fundamentals. When the market is pessimistic about everything is when value investors like Buffet lock in their returns.

Posted by Dervish on Mar-02-2009 22:37:

I lost a lot of money thinking "this was the bottom" about a year ago lol. If you are asking on TA... JUST DON'T.

Posted by Moongoose on Mar-02-2009 22:45:

Well people argue that we could hit 5000 on the DOW and 500 on S&P before we hit bottom, so for anyone brave enough to hold longs at this point...

Posted by LeopoldStotch on Mar-02-2009 22:49:

quote:
Originally posted by TranceOwnsLol
if you have money, invest in property.

Welcome to the year 2003.

Posted by Domesticated on Mar-02-2009 23:28:

quote:
Originally posted by astroboy
[color=limegreen]Wait til it starts to pick up... I just always prefer to buy in a bit on the right side of the V.

The "right side of the V"?! You were 5 years old when the last recession hit. Since then we've had nothing but prosperity.

Posted by astroboy on Mar-02-2009 23:45:

quote:
Originally posted by Domesticated
The "right side of the V"?! You were 5 years old when the last recession hit. Since then we've had nothing but prosperity.

I mean generally when a stock is undervalued and I'm sure it has to go up at some point I usually wait til it starts to pick up rather than trying to guess when it has hit the very bottom and buying at that exact moment. I'm just saying my personal preference is to use the same approach in the current market-wide downturn.

I guess if you're sure a bunch of good companies are hugely undervalued and you have a really long term horizon there isn't a hugely compelling reason not to just buy now and sit on it for 10 years... it's just a purely psychological idiosyncrasy of mine.

Posted by Domesticated on Mar-03-2009 00:07:

If I wasn't going overseas for 12 months in 2010, I would be buying property and shares like crazy right now. You might be cashless for five or ten years, but it would pay off massively in the end.

Posted by malek on Mar-03-2009 00:33:

thats why i'm buying canadian banks, they are less than half of what they cost but still manage to give a steady 6-8% of dividends each and every year.

People are scared shitless and are irrational, selling everything... some people get scared easily and make things intresting for the rest of us.

Posted by Capitalizt on Mar-03-2009 01:45:

Buy some of this..

for the uber-inflation coming in the next 5 years..

Posted by saluyamo on Mar-03-2009 03:53:

Was the US stimulus package not meant to help the markets?

Posted by winston on Mar-03-2009 03:54:

quote:
Originally posted by saluyamo
Was the US stimulus package not meant to help the markets?

allegedly.

Posted by Sunsnail on Mar-03-2009 04:52:

quote:
Originally posted by Capitalizt
Buy some of this..

for the uber-inflation coming in the next 5 years..

meh

Posted by tubularbills on Mar-03-2009 05:48:

i like Arby's Market Fresh Sandwhiches

Posted by iammesol on Mar-03-2009 05:51:

Oh, lulz.

Posted by Krypton on Mar-03-2009 06:09:

50% decline from the 2007 high is historic. This is a once in a generation event. A once in a lifetime chance to invest at the lowest possible prices anyone could hope for. All one needs is to be able to decipher the gold from the rocks. The great companies from the bad ones. I'm currently working on my 4th quarter 2008 analysis, and I'll be glad to share my findings in this thread when I'm finished...

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