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whodiman
08-16-2007, 11:29 AM
How low can it go? If you have money would you hop back in now ? If not, when would you? This answer may vary depending on which index we are talking about too.

max_boost
08-16-2007, 11:37 AM
LOL

Buying right now takes a lot of guts.

Xtrema
08-16-2007, 11:42 AM
long term like RRSP, yes.

Short term like you need the money soon, no.

dmtx
08-16-2007, 12:03 PM
cash is king right now......

liquid1010
08-16-2007, 12:18 PM
Anyone else think the Venture may have bottomed out? It hit it's previous resistance around the 2350, and seems to be steadying itself out.

TrevorK
08-16-2007, 06:56 PM
Originally posted by max_boost
LOL

Buying right now takes a lot of guts.

I'm looking at the bank stocks, and they seem ripe for the picking after their huge downturn.

The benefit is, the bank stocks are really our Canadian blue chips.


Then again, I'm not a huge trader, but those are the ones I've been following...

Canmorite
08-16-2007, 09:59 PM
Looks like a short term rally happening in Financials right now. I wouldn't expect it to last too long (In the US, anyway) before the short sellers come back in.

modded46
08-16-2007, 10:17 PM
Nice recovery on the DOW today considering it was down almost 500 at one point.. TSX not so much.. tomorrow's trading will be light so shouldn't see too much change.. Monday will be a key day.. Oil dropped quite a bit today but still above 70 a barrel which is fine with me :D

2EFNFAST
08-17-2007, 12:59 AM
Originally posted by modded46
Nice recovery on the DOW today considering it was down almost 500 at one point.. TSX not so much.. tomorrow's trading will be light so shouldn't see too much change.. Monday will be a key day.. Oil dropped quite a bit today but still above 70 a barrel which is fine with me :D

I disagree; tomorrow is option expiration, plus the nikkei just dropped almost 1,000pts today (down 5 1/2%)

I don't think tomorrow will be a light day.


http://xs318.xs.to/xs318/07335/asia.JPG

whodiman
08-17-2007, 07:43 AM
My instinct yesterday was to buy. So far today Dow and TSX are both up 300 and Nasdaq up 80. It's still early though. It could go into the negative buy the end of the day. If it doesn't I'll be mad at myself for timing wrong....again.

Rav4Guy
08-17-2007, 08:24 AM
It's starting to lose ground already.

Xtrema
08-17-2007, 09:16 AM
Up 300 out of the gate but at 9am, it's only up 30.

modded46
08-17-2007, 02:12 PM
No one expected an interest rate drop.. About time the feds got their head out of their asses and did something... Big day across the board!!

dmtx
08-17-2007, 02:20 PM
i guess they didn't feel good to admit that they were wrong and will have to go with what wall street wants....

Dayclone
08-18-2007, 09:47 PM
-400 for me :( anyone else loose more? Probably eh?

Damn BUY NOW!! cause the market will gurantee go back up... ( Atleast I think that's a good idea...)

2EFNFAST
08-19-2007, 11:26 AM
Originally posted by modded46
No one expected an interest rate drop.. About time the feds got their head out of their asses and did something... Big day across the board!!

they didn't technically drop the interest rates; they narrowed the discount window, which really affects the banks, not somuch us. Most believe though that the discount window is always ~+1% above what fed rate is/will be.

It should be interesting from here, because either way you look the US is in a pretty big pickle

Don't change interest rates - people panic and the market drops

Raise interest rates - people panic and the market drops

Drop interest rates - people rejoice and market goes up a bit. Then foreigners pull out their monies out of t-bils, USD/yen carry-trade starts to crumble, and we're back at square 1.