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So the U.S. stock market is taking a big beating again (pg. 3)
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| elFreak |
| quote: | Originally posted by Krypton
Oh look, the COR's official decided to show up! |
hi!
no one likes you. |
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| Krypton |
| quote: | Originally posted by diggerz
oi, krypton everyone knows exactly what you're trying to say. i just don't know why everyone thought that after this election was over, the economy would 'fix itself' up like a magic trick.
i honestly don't think the market will pull itself out of this mess, entirely, before January 2009.
If steve forbes is still as powerfull as his wand, we'll follow his advice and look forward to the 1st quarter of 2009... |
1Q 2009 huh? I'm extremely skeptical of that. Banks are still hardly lending to each other. And we're in the 4Q. I don't think things are gonna recovery that fast. I don't think 2009 is going to be spectacular. If you want an analogy, look at the Dow Jones in 2004. Flat. |
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| Krypton |
| quote: | Originally posted by elFreak
hi!
no one likes you. |
I don't give a flying who likes me. :rolleyes: |
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| diggerz |
obama will change the world.
remember? :p |
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| elFreak |
| quote: | Originally posted by Krypton
I don't give a flying who likes me. :rolleyes: |
you must be one hell of a flying then. |
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| Krypton |
| quote: | Originally posted by Arbiter
They obviously aren't. The real question is: since it's so obvious, why wasn't that already priced into the company's stock? Of course, one possibility is that it was; in that case, it would be a good time to buy... alternately the decline may have significantly exceeded the markets expectations (but that seems unlikely, considering the amount of pessimism in the market right now.) |
I think it's relatively priced in. Perhaps it wasn't at $80, but in the $60's, it's pretty damn close, especially with the 52 week low being $61. If the price breaks $61, anyone who is short-term long better watch out. |
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| elFreak |
| why aren't you a millionaire krypton? |
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| Krypton |
| quote: | Originally posted by elFreak
you must be one hell of a flying then. |
Running out of jokes huh? |
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| diggerz |
| the bailout needs to get rolling before we start making assumptions. |
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| Krypton |
| quote: | Originally posted by elFreak
why aren't you a millionaire krypton? |
I'm 21 studying financial analysis in university. WTF is your problem? |
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| elFreak |
| can you buy me a pony daddy warbucks? |
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| Krypton |
| quote: | Originally posted by diggerz
the bailout needs to get rolling before we start making assumptions. |
I believe the government has already given billions to the banks. But the banks, instead of lending, are hoarding the money. |
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