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TranceAddict Investors Club @ Marketocracy (pg. 19)
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| Shakka |
| lol. Motley Foolz. |
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| Krypton |
| quote: | Originally posted by Shakka
lol. Motley Foolz. |
They do have a pretty large internet community. I'de recommend checking it out, and their motley fool caps ranking system. |
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| Capitalizt |
I feel like a dumbazz. I sold out of everything early August because I couldn't decide which way things were going. I made a post a few weeks ago saying gold, silver, and oil looked like good buys and the dollar looked like a good short. Well, today gold and oil are at record highs and the dollar is at an all-time low. Did I take advantage of it? Nooooo...I was afraid the gubmint would intervene in these markets to keep the prices down much like they have intervened in the currency markets to keep the dollar up over the past few years. But things feel different this time.
The dollar historically rises when interest rates go up. The fed has hiked rates a total of 17 times, and the dollar is now hitting an all-time low. This is a whole different ballgame. The feds are completely out of juice and they have no choice but to let go of the markets and let nature take it's course. The dollar should fall closer to it's intrinsic value ($0) over the next few years, and gold and silver will continue a steady rise as people around the world seek alternatives to the monopoly money printed by governments.
Oil will benefit to a lesser extent...but it really isn't a practical store of value for most people, unless you can hide a few dozen barrels in your back yard somewhere. ;) |
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| Krypton |
Told you so:)
The economic drag continues. I wish I had 1 million real dollars to buy a safe currency with. Then move to a stable, peaceful, not involved in the Middle East country. |
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| atbell |
| quote: | Originally posted by Krypton
Told you so:)
The economic drag continues. I wish I had 1 million real dollars to buy a safe currency with. Then move to a stable, peaceful, not involved in the Middle East country. |
A safe curency like the.... ah, well the ... yeah that one. Then move everything to Icelandic corperations.
If you can find a country with a stable supply of energy, fresh water, and an independant currency you've got my money, you know, my Canadian dollars where we have a ... never mind. |
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| Krypton |
| quote: | Originally posted by atbell
A safe curency like the.... ah, well the ... yeah that one. Then move everything to Icelandic corperations.
If you can find a country with a stable supply of energy, fresh water, and an independant currency you've got my money, you know, my Canadian dollars where we have a ... never mind. |
Thought about the northern countries. I hate cold.:nervous: |
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| mndeg |
if anyone wants pretty good charts with addable indicators check out prophet.net and their javacharts
i think we'll be seeing red in the S&P500 |
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| Krypton |
I checked it out, and it crashed my browser:p.
I'm not a short term trader anyways:o
I might allocate some play money though to see if I have what it takes to day trade. |
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| Krypton |
Stock Report for Anheuser Busch (BUD); the makers of Budweiser and owner of Tampa Bay Busch Gardens. Also see my blog for more commentary.
The Federal Reserve meets to decide lowering the Fed interest rate tomorrow. Everyone basically expects it, but just how much is is in doubt. |
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| ResonantDrag |
quarter point.. they won't lower more, especially with greenspan being in the headlines recently. they don't want to appear too anxious.
granted i'm no expert. |
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| Krypton |
1/2%. Lol. Markets are having a party today.
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Federal Reserve Cuts Key Interest Rate
Tuesday September 18, 3:00 pm ET
By Martin Crutsinger, AP Economics Writer
Federal Reserve Cuts Key Interest Rate in Effort to Fend Off Possible Economic Recession
WASHINGTON (AP) -- The Federal Reserve cut a key interest rate for the first time in four years, seeking with an aggressive half-point move to prevent a steep housing slump and turbulent financial markets from triggering a recession.
The Fed announced Tuesday that it was reducing its target for the federal funds rate, the interest that banks charge each other, from 5.25 percent to 4.75 percent. The half-point reduction was double the quarter-point move that many economists had been expecting.
The action was designed to boost economic growth by lowering borrowing costs for millions of consumers and businesses. Commercial banks were expected to quickly match the Fed's action by cutting their prime lending rate. The prime rate has been at 8.25 percent for the past 15 months.
The Fed's action came in the midst of the worst slump in housing in 16 years. That downturn has triggered record defaults in subprime mortgages and roiled financial markets around the globe as investors have become worried about where the spreading credit problems will next appear.
The financial market turmoil represents the first major test for Fed Chairman Ben Bernanke, who took over from the venerable Alan Greenspan in February 2006.
In addition to cutting the federal funds rate by a half point, the central bank also reduced its discount rate, the interest it charges in making direct loans to banks, by a half-point as well.
The Fed had also cut the discount rate on Aug. 17 as it scrambled to respond to the growing credit crisis.
In explaining its action Tuesday, the Fed said that "the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally." |
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| Krypton |
Any experts want to look up (FNGP.ob). I have them calling me and giving me all this information...
They are financial media group that have several I've heard they've created a myspace for stock market social networking and they have. They are also working to produce an event comparable to the money show. It will be hosted in New York City and will showcase micro and small cap companies. The money show usually hosts the big already grown companys. I asked why the stock went from the high $2 down to 0$.32 as of today. They said the reason was they did an private offering to some original and prefered shareholders. They sold I think 5,000,000 shares for $0.25 to these shareholders, then they went public on the bulliten board exchange for $.90. The price of stock driven by this activity went up to the high $2 range. Then the insiders started selling to profit from 300-400% rise from its IPO, sending the stock plummeting throughout 2007 to its current level at $0.32. I've looked at insider transactions, and it appears that management is buying on mass right now. This includes the CEO.
I'm not much into this much risk especially with these bulliten board stocks, but this one looks good to throw some lottery money at, or casino money. The fundamentals are hard to get, but I'm gonna look at their filings with the SEC, because it has their account books. Don't bother trying to find stats on this one on the bigger finance sites. They've only been public 2 years/ |
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