The stock market and my bench

[Tough Old Man]

Every month the stock market falls just like my bench press...Not sure whether my bench or my portfolio will drop under 100 first.

To elevate this I was thinking of injecting Testosterone into both...front loading the portfolio.

 

[Sassy]

Let me know how this works. My portfolio needs some major help too.

 

[oldfella]

Well I would get bullish with your protfolio and give it some t/prop for some agressive gains. Maybe a takeover or two wouldn't hurt either.

 

[thebrick]

expect plenty of volatility in your bench this year and the possibility of more decline from your max. Maybe some time off would be good?

 

[Steve123]

I don't know, I think by june or so, the markets will have some direction (could be a bad thing if they get the sense that we've become a full fledged Democratic Socialist country just like England) and you could see some improvements. Yeilds are so low right now in the fixed income arena that any glimmer of economic hope could give you a nice bounce on the equity side. Just my two cents. I'm actually cost averagins into this market at this point.

My advice: when you see the talking heads on the major networks telling you that western capitalism is dead, depression is upon us, gloom and doom, it's a good time to buy. When they say things are great, buy buy buy....you should RUN in the other direction.

The financial writers are herd following morons and know absolutely nothing about markets and the economy. That they can get their garbage past even a mildly retarted editor is a complete mystery to me...

 

[jdchaffin]

The financial writers are herd following morons and know absolutely nothing about markets and the economy. That they can get their garbage past even a mildly retarted editor is a complete mystery to me...

The editors goal is not to help us or give us good advise. Thy simply want to boost their ratings.

 

[michelin]

........could be a bad thing if they get the sense that we've become a full fledged Democratic Socialist country just like England.........

please explain?

 

[Ness]

Sounds like overtraining and its time for that much needed break.

The Dow will bottom out at 6500. By then your bench should be well rested and you can go back to it with confidence, a clear mind, and that much needed intensity that cant be found in any song on your ipod right now.

 

[bench529]

We need to get the market on 5omg of dianabol a week with 400mg of test cypinate. I wanted to retire in 5 years / now its 15 years / the martket needs some trt !!

 

[maxmuscle925]

soy beans are up woo

 

[BALDNAZI]

.........

You will see a Dow bottom anywhere between 4000-5000 if not total collapse, in other words you aint seen nothing yet.

and...

You heard it here first.... Citi and Bank of America will both collapse and be nationalized by May or June 2009. The SHEEP have not a clue where we are headed, personally I want it all to crash and burn. This country and its economy cannot be fixed in its current form. Get out of the markets while you still can. The time is drawing near, let it come...

 

[Pekkerwood]

In November, I took a small position that targeted the DOW at 7200. This is from a guy who never, and I mean never, holds positions even overnight. I'm afraid now I was a little too optimistic.

I believe if the alleged "free market" were left to its own devices BN might be dead on. However, I believe in our abililty to ignore our own problems and sell out our future for less pain, and re-election possibilities today. This artificial puffery will keep the balloon in the air for a while and keep it from reaching a true bottom. It will only delay and prolong our pain. Instead of taking our five licks rubbing our ass and getting it overwith, we will report after school and take one lick for the next ten years.

No one in a publicly traded corporation or government can afford to make tough short term decisions. He will be absolutely massacred by the opposing parties in small sound bites. Miss earning a penny for strategic long term planning, and we will take your stock down 25%. That will teach you.

I personally thing its one of the major problems with democrocratically elected governments (of which I am a strong supporter). I think it is set up to trend exactly where we are today with only short term thinking. Same with publically traded corps. Managers know they can make short term decisions, cash bonuses and move on before the looted corpse starts stinking.
Their seems to be an almost unstoppable cycle in democratic governments when they realize they can tax one group and redistribute to another. The light comes on and they realize the best way to get elected is to promise to redistribute the wealth.

When systems start to deteroriate they can fail much more quickly than people expect.

 

[Steve123]

please explain?

No slight bro. I actually love the Motherland! Life would suck without an occasional Young's Special and Bitter!

But, I really don't want to see the USA follow GB's tax and public spending model. I don't think the markets will respond favorably to the total abuse of the taxpayer.

 

[Steve123]

You will see a Dow bottom anywhere between 4000-5000 if not total collapse, in other words you aint seen nothing yet.

and...

You heard it here first.... Citi and Bank of America will both collapse and be nationalized by May or June 2009. The SHEEP have not a clue where we are headed, personally I want it all to crash and burn. This country and its economy cannot be fixed in its current form. Get out of the markets while you still can. The time is drawing near, let it come...

The collapse of the market here spells the end of Western Capitalism, which also means the collapse of most of the world economy as we know it today. In short, you might be right but if you are, your money will not be worth anything anyway. Pull out now and purchase canned foods, guns and ammo.... because that will be the new currency if what you're saying is right.

 

[rAJJIN]

The collapse of the market here spells the end of Western Capitalism, which also means the collapse of most of the world economy as we know it today. In short, you might be right but if you are, your money will not be worth anything anyway. Pull out now and purchase canned foods, guns and ammo.... because that will be the new currency if what you're saying is right.

And dont forget the testosterone

 

[Steve123]

Traded on and off for over 20 years, including years as a futures floor trader. Trying to predict the market - Dow 6500, Dow 4000, etc - is an utter waste of time.

Good traders don't predict, they trade based upon judgement, experience, and "what-if" type scenerios.

If this turns into a current events thread about Western civilization, blood in the streets, and the like, and arguing - as they always seem to - it's coming down.

Fair warning.

Nice!!! Dad, I was an assitant once on a muni bond desk at one of the old Super-Regional banks up here in NE!

Of course this is boring compared to being a futures trader!!! I once heard someone say that all beginers in the futures market should have all but one finger taped to their hands ... Inside joke that only a floor trader will understand.

 

[ssdark1]

i suppose its possible that alot of stocks are under valued and now is the time to buy...i do agree with the idea of being fearful when others are bold and being bold when others are fearful, but there is just too much uncertainty right now. i agree with BN for the most part...dow is going lower, banks fail and are nationalized (internationalized, really).

im fairly new to the investment world and was just about to get into some equities that looked undervalued about 6 months ago, did some research, and decided to invest in physical silver and mining stocks instead...so far up 40% while all my coworkers are complaining about their 401k's losing the same.

i tried not to step into thread deletion territory, how'd i do dad?

 

[Ness]

No more doom and gloom for me anymore...for now.

I am a residential architect. That being said, I can claim to be one of the first sectors to go into the toilet. My docket was empty at the beginning of 2008. Things were slowing down mid-2007, but I didnt really care too much until the turn of the year.

In addition, my wife is a real estate broker and my father is a general contractor. They all felt the squeeze with the rest of America in mid-2008.

It feels like things are turning. I have had two contracts signed in the past week. People are looking to my father to get bids for construction and my wife has had a huge increase in home showings.

Granted, I do think that the markets will continue to drop, but I feel like we are headed out of this mess. Interesting enough from what I have read, economic cycles tend to average 18 months. If thats true, and it feels like my industry is picking up (I know other builders and architects who are getting business too) then we may be turning the corner.

One thing to note, I deal with the wealthy and super wealthy. They are getting bored and they want to start living life again. They dont want to sit on their cash anymore.

Im not making any claims here or saying that I have answers, Im just sharing whats going on in my world. Good luck to all of you, I think things are getting brighter.