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.
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Dow, TSX, Nasdaq
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.
Beyond Bully
LOL
Buying right now takes a lot of guts.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
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long term like RRSP, yes.
Short term like you need the money soon, no.
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cash is king right now......
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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.
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I'm looking at the bank stocks, and they seem ripe for the picking after their huge downturn.Originally posted by max_boost
LOL
Buying right now takes a lot of guts.
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...
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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.
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
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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
Banned
I disagree; tomorrow is option expiration, plus the nikkei just dropped almost 1,000pts today (down 5 1/2%)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
I don't think tomorrow will be a light day.
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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.
Last edited by whodiman; 08-17-2007 at 02:31 PM.
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It's starting to lose ground already.
"Science without religion is lame, religion without science is blind." - Albert Einstein
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Up 300 out of the gate but at 9am, it's only up 30.
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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!!
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i guess they didn't feel good to admit that they were wrong and will have to go with what wall street wants....
Banned
-400 for meanyone else loose more? Probably eh?
Damn BUY NOW!! cause the market will gurantee go back up... ( Atleast I think that's a good idea...)
Banned
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.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!!
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.
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