^^^, Firstly don't listen to people on TWW for investment advice. There are much more experienced people who do it for a living. Some are fee based and don't make money from churning your account. Hell, you're 401k company might even have some help depending on who it is but they'll tell you to sit tight cause you'll create less fees for them that way.

Whoever you ask, just keep their agenda and what they have to gain in mind.

10/24/2008 12:10:17 AM

sry mods.

[Edited on October 24, 2008 at 12:37 AM. Reason : slap on the wrist.]

10/24/2008 12:29:15 AM

TWW has some pretty good advise for an investment noob who doesn't want to spend the time or money on a fee based financial planner.

10/24/2008 12:49:36 AM

i have no advice to give to protect anyone from the panic that is going to hit the markets today...i'm hoping for a bloodbath early followed by a sucker's rally in the afternoon...

10/24/2008 7:05:53 AM

so today looks like a stellar day to play the gaps. When the market opens really low, buy long and then sell by 10am when it goes up.

10/24/2008 8:12:20 AM

Assuming it goes up, if it breaks support levels which it looks like it is going to do its gonna nose dive, I think we see the 7ks today unfortunately

10/24/2008 8:28:22 AM

Today isn't looking so hot.

10/24/2008 9:44:34 AM

bought 100 shares of SSO @ 25.50.

10/24/2008 9:50:16 AM

http://tinyurl.com/6efnb8

The market however seems to be weathering the storm so far. I think how things play out from 3pm on will really tell where the trend is headed. If there isn't a big fear selloff to end the day, it could mean everyone is pricing in all the bad earnings news and we've found a floor for the time being.

[Edited on October 24, 2008 at 2:20 PM. Reason : learn to use tinyurl]

10/24/2008 11:07:44 AM

holy huge link batman

10/24/2008 11:11:30 AM

jeebus i dont even want to look at my 401k balance anymore. i just look the other way and keep putting money in the market

[Edited on October 24, 2008 at 11:22 AM. Reason : ok i peaked -59% ]

10/24/2008 11:21:28 AM

bought a few hundred shares of FSLR at 109.50 and sold at 113.40. My trailing stop triggered the sell. Should have made it bigger and I could have made another couple grand.


for all you guys saying the market will recover in 5-10 years, take a look at http://www.tse.or.jp/english/market/topix/history/index.html



it hasn't really recovered from the crash 20 years ago nor has it followed a general uptrend for that long.

[Edited on October 24, 2008 at 12:48 PM. Reason : nikkei]

10/24/2008 12:21:12 PM

Market looks like it's gonna slide a bit. My guess is it slides until 2 or so, some buyers will come in to prop it up a little, then we'll see a pretty nasty sell off to end the day. I hope I'm wrong, but today feels ominous. I can't figure anything that would cause the day to close with buying. If it does, I'll be ecstatic.

10/24/2008 12:51:34 PM

bought 200 shares of C @ 12.25

10/24/2008 12:57:56 PM

here comes the end of day rally... Up or Down? nobody knows...

10/24/2008 3:00:45 PM

dup

10/24/2008 3:01:59 PM

When to start investing? Now

http://articles.moneycentral.msn.com/learn-how-to-invest/when-to-start-investing-now.aspx?GT1=33014#pageTopAchor

10/24/2008 3:44:56 PM

sold 100 shares of SSO @ 27.60

10/24/2008 3:56:04 PM

mother fucker. nice rally to be fucked in the end my profit taking in the last 60 seconds.

Oh well. Not the end of the world considering where we could be today. Still trading in the 8-9k region...

[Edited on October 24, 2008 at 4:01 PM. Reason : .]

10/24/2008 4:01:02 PM

An up day?

10/27/2008 1:43:25 PM

no need to go to Busch Gardens or King's Dominion..


..look at the max chart for VTI

we're near post tech-bubble lows.



[Edited on October 27, 2008 at 2:42 PM. Reason : ]

10/27/2008 2:35:25 PM

10/27/2008 3:40:03 PM

can one trade options after hours?

10/27/2008 4:06:39 PM

Quote :

"An up day? "

I spoke too soon.

10/27/2008 4:43:40 PM

here's a brightspot : from http://www.rgemonitor.com/707

Quote :

"ML, Oct 6: For the first time ever in the modern era, we have a situation where in 2007-2008, S&P 500 operating earnings have collapsed nearly 30% and yet real GDP has managed to grow at a positive albeit below-average 2% pace. This is because 70% of the decline in corporate profits over the past year has reflected the unwinding of all the financial leverage; only 30%has been due to the softer pace of economic activity and margin compression. "

10/27/2008 11:52:26 PM

Quote :

"An up day? "

10/28/2008 1:01:42 PM

safe to go ahead and call it an up day

10/28/2008 3:25:35 PM

what happened today?

10/28/2008 3:45:00 PM

onward and upward to 9k!

just in time for me to buy more on 401k contributions then plummet!

10/28/2008 3:48:20 PM

did something happen? usually when it tanks and goes like 500 down, they say it's b/c of some announcement buy a company that they're closing or whatever else and the market freaks out. so what happened today that made it turn the other way?

(i haven't seen it in the news yet)

10/28/2008 3:59:29 PM

Nothing happened. Erratic surges like this are products of a bear market. There are no fundamentals to be traded upon in his market. Day traders and whats left of hedge funds are making out like bandits as they are in some way manipulating this market. It's happening every day around 2pm, everyone sitting at their terminals are getting in sink with each other and just driving the train whichever way it is pointed for that day. We'll give up this 10% in a week or so.

10/28/2008 4:02:24 PM

I bought 1,000 shares of RIO yesterday at 10.11, now it's up to 11.83

It'll probably go down though

I need to learn when to time BRK.B -- I said I would buy at 3750, then 3500, but should I wait until 3000?

10/28/2008 4:08:01 PM

i bought a bunch of stuff this a.m. i'll prob sell it all tomorrow and wait again for another drop

10/28/2008 4:08:54 PM

Of course my money didnt clear until this morning, looks like I get to wait for the next doomsday 1000 point drop lol

10/29/2008 8:36:40 AM

if we have another big jump today, i'm loading up on shorts.

10/29/2008 9:07:27 AM

tennis ball down stairs

10/29/2008 9:14:34 AM

sold 200 shares of C @ 13.10

10/29/2008 9:40:21 AM

So many stocks I wanna pick up but first trying to average down ones I already have to make it easier to get back to even or turn a profit next year.

10/29/2008 9:46:43 AM

probably dumb but i bought some LVS

10/29/2008 10:12:34 AM

made 30% on LVS and got out - will keep watching


BBY looking good to anyone? under 20% off it's 52 week low, but retail is risky

10/29/2008 12:22:35 PM

LVS is up 90%, a lot of the casino stocks are up 30%+. What's the reasoning?

10/29/2008 12:43:40 PM

Are we going to build into the announcement and then have a sell off?

10/29/2008 1:48:57 PM

^^^BBY might be the first company i've heard anyone mention in here that I could really get behind. It passed my purchase point in the upper 20's but I've been leery of buying anything retail right now, even for long term...specifically consumer discretionary. Also, it's cash growth has basically been flat the last five years so I'm not thrilled about the growth prospects. Retail stocks may still have further to fall as we head deeper into recession.

The real draw is that BBY has a virtual lock on the industry, so a pretty big moat (only WMT would compete in electronics). Question is, are consumers going to resume their wasteful spending ways when we dig ourselves out of this rut?

10/29/2008 5:58:36 PM

Quote :

"I need to learn when to time BRK.B -- I said I would buy at 3750, then 3500, but should I wait until 3000? "

yeah, i've eyeballing that one, too.

10/29/2008 6:36:31 PM

Mr. Duke, let me know when you're gonna jump in on that. I'm definitely in for 2, but depending on if the price is right I may spring for 3

10/29/2008 7:26:54 PM

shit Im down for 1/2 a share, maybe 1/4.

10/29/2008 8:52:35 PM

Quote :

"for all you guys saying the market will recover in 5-10 years, take a look at http://www.tse.or.jp/english/market/topix/history/index.html it hasn't really recovered from the crash 20 years ago nor has it followed a general uptrend for that long. "

I'm confused...why are you referring to an index of mostly Japanese stocks? B/c the US did a lot better than that after the crash in the late 80s...look at the S&P 500. Are you assuming we're going to go through the same shittiness they experienced in the 90s?

10/30/2008 1:09:54 PM

Yes, let's look at the S&P 500. Up until the 10% bizarro rally of earlier this week, the market was right back where it was in 1997, 11 years ago. If you put your money in the S&P that year and let it sit for 11 years, you'd be right back where you started less inflation.

Look at the max time frame for the S&P 500 in log scale. Notice what happens ~1995? It starts breaking the trend. Think back to the shift that was occurring during the time period. It was when the shift in the US from a producer of product economy to a producer of service economy was really getting into full swing + the rise of the almighty credit god. Look at the fed funds rate leading into 1995. It dropped from around 10% (which we can all agree is a bit too high) down to around 3% (not too low if not held there and below forever). Since then we've basically stopped producing and started consuming on credit like addicts at a dope factory. All the growth in the past decade, the past 2 bubbles were all fake wealth. Smoke and mirrors.

The only way this market goes back to the glorious height it saw in Oct 2007 is if we once again return to consumer whoreism. And just how are we going to do that when the house ATM has now dried up, when credit card companies are no longer going to be able to give them out left and right and charge people 25% rates on their cards, when inflation is going to be through the roof from this bailout bonanza that we've got going on here?

The ole "leave it in the market and it'll return 7% a year for you" mantra is most likely dead until this country returns to more sound fiscal policy. And I don't expect that to happen any time soon, regardless of who winds up in Washington.

10/30/2008 1:48:45 PM

Yeah, but if you started investing four years earlier (15 years ago) you would be up over 100%.

10/30/2008 2:11:36 PM

I'm looking at bargain shopping the market now. Looking at some stocks that are SURE to rebound in the next year or so, and are worth roughly 20% of what they were 3 months ago.

10/30/2008 4:16:53 PM