Stock Market

[JeffDFD]

The DOW cannot stay above 12000 for more than 2 days. New rule I guess.

[Tomas]

Probably the best illustrations of debt flows among countries I have ever seen:

http://www.nytimes.com/imagepages/2011/ ... day-review" onclick="window.open(this.href);return false;

[KennyTheKangaroo]

well, the market has responded enthusiastically to the positive news regarding consumer spending and scuh

[JeffDFD]

yeah, drop a few hundred points for a few days and then go up a couple hundred

[ExPatriatePen]

yeah, drop a few hundred points for a few days and then go up a couple hundred

SHhhhhhhhh... Just don't mention the European Union or the Euro.

Lately, the way to make money in this market has been to go short index futures on up days like this.

We'll see.

[Sam's Drunk Dog]

EUROPE!!!

[thehockeyguru]

well, the market has responded enthusiastically to the positive news regarding consumer spending and scuh

Curious as to how much of that spending went on credit cards?

[DocEmrick]

well, the market has responded enthusiastically to the positive news regarding consumer spending and scuh

Curious as to how much of that spending went on credit cards?

99% that will not be paid back lolol

[ExPatriatePen]

well, the market has responded enthusiastically to the positive news regarding consumer spending and scuh

Curious as to how much of that spending went on credit cards?

If you're talking about the "pull forward" effect, I'd say your concerns are well founded.

[JeffDFD]

"Good" news out of Europe today:

The gains followed a rally in European markets, as reports said eurozone finance ministers have approved an increase to the region's bailout fund, and may potentially receive help from the IMF.

http://money.cnn.com/2011/11/30/markets/premarkets" onclick="window.open(this.href);return false;[

Others not so positive:

Despite these optimistic signals, there remains room for plenty of disappointment in the days ahead

http://seekingalpha.com/article/310853- ... ion-coming" onclick="window.open(this.href);return false;


What say you financial people around here? I don't understand all this as well as some of you, but when I see "Good news, more bailouts and loans" - I don't look at it too positively.



(that CNN article changes throughout the day and it looks like the part I quoted may already be gone)

[Point Breeze Penguins]

The bailout in Europe is similar to giving blood transfusions to a person in need of a turnaqit.

[Tomas]

So the rally could not have waited until AFTER Fidelity had allocated my monthly pension contribution??

[JeffDFD]

So the rally could not have waited until AFTER Fidelity had allocated my monthly pension contribution??

Don't worry, it will go down right after

[Tomas]

The DOW cannot stay above 12000 for more than 2 days. New rule I guess.

Barely, but the first 3-day above-12,000 finish in some time. I haven't sold anything since 2009, but I am still affraid to buy more.

[Guinness]

"Good" news out of Europe today:

The gains followed a rally in European markets, as reports said eurozone finance ministers have approved an increase to the region's bailout fund, and may potentially receive help from the IMF.

http://money.cnn.com/2011/11/30/markets/premarkets" onclick="window.open(this.href);return false;[

Others not so positive:

Despite these optimistic signals, there remains room for plenty of disappointment in the days ahead

http://seekingalpha.com/article/310853- ... ion-coming" onclick="window.open(this.href);return false;


What say you financial people around here? I don't understand all this as well as some of you, but when I see "Good news, more bailouts and loans" - I don't look at it too positively.



(that CNN article changes throughout the day and it looks like the part I quoted may already be gone)

It's only good news in as much as it's good for the guy in debt up to his armpits just got approved for another credit card to, you know, cover his credit debt...

When you see "IMF" in reference to Europe, make sure you read that as "YOU".

[Fire0nice228]

So are we going DOWN DOWN DOWN tomorrow?

I was up 16% on CU.. I should have sold before the close last night. Damn for being greedy before Euro news comes out.. Should have took my profits and sat on the sidelines until the next headline landslide..

[JeffDFD]

Solid gains today, erasing a week or so of down days.

guess they forgot about Europe for a second.

Seems only a matter of time before I see "European uncertainty weighs on market" or something similar and it goes down below 12000 again.

Although last time above 12000 it did stay there for more than 2 days...that was new!

[ExPatriatePen]

A little Santa Claus rally wouldn't be much of a surprise.

[KennyTheKangaroo]

kenny the kangaroo made a nice little profit betting against the VIX this month. using kenny the kagnaroos powers of deduction, it was determined that the market is less volitile when people are counting down the days to christmas and new years. result: a tidy 24% profit.

conclusion: derivitives can be your friend, sometimes.

[JeffDFD]

New Year...

place your bets...

[ExPatriatePen]

European shares opened higher this morning. Maybe a good day in store.

[JeffDFD]

When will Europe have a liquidation sale and close so a Walgreen's and Starbucks and a Bank can take its place and the market can move on? haha!

[ExPatriatePen]

When will Europe have a liquidation sale and close so a Walgreen's and Starbucks and a Bank can take its place and the market can move on? haha!

You joke, but I've been saying for quite sometime that indecision over the EU is what's killing the market. Make a decision, whatever the outcome the market will adjust and respond and move forward. The worst thing is this wishy washy stuff. The market hates uncertainty.

[itissteeltime]

When will Europe have a liquidation sale and close so a Walgreen's and Starbucks and a Bank can take its place and the market can move on? haha!

You joke, but I've been saying for quite sometime that indecision over the EU is what's killing the market. Make a decision, whatever the outcome the market will adjust and respond and move forward. The worst thing is this wishy washy stuff. The market hates uncertainty.

Nailed it. The euro hit a 15 month low I believe on Friday of last week. Even when information comes out of Europe that should be helpful to the eurozone, the uncertainty is still killing it. Investors aren't going to bank on the uncertainty of the euro. Rather, they'll continue to resort to the safe haven currencys, like the dollar. If they would make a move, and just go with it, I think it would help in the long run. The Euro would likeley immidiately tank with knee jerk reactions, but it would correct itself overtime. I still think Greece needs to gtfo.

[ExPatriatePen]

Nailed it.

Thanks, but would you please tell that to my portfolio? It isn't acting like I know what I'm doing (at least not to the level I'd like)