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Old 09-16-2009, 03:16 PM   #1
Jai
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Wow the markets are killing me

i didnt lose a penny during the heart of the recession...but now im shorting the market and lost 60K in 2 weeks!

i swear to god the minute i sell markets gonna crash

anyone see a -3% dow DOWN day?
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Old 09-16-2009, 03:17 PM   #2
L-Pink
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I am surprised every day, just keeps going up.

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Old 09-16-2009, 04:18 PM   #3
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I am surprised every day, just keeps going up.

.
Jai's instinct is right. The market is unsustainable. The fundamentals aren't there... yet.
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Old 09-16-2009, 04:20 PM   #4
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nobody knows. People like the feeling of making money especially right now. It will keep going up.
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Old 09-16-2009, 04:20 PM   #5
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Quote:
Originally Posted by Jai View Post
i didnt lose a penny during the heart of the recession...but now im shorting the market and lost 60K in 2 weeks!

i swear to god the minute i sell markets gonna crash

anyone see a -3% dow DOWN day?
Unless you're a professional, don't short.
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Old 09-16-2009, 04:38 PM   #6
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Damn.. I took a break from trading a while back, and had gotten stuck in Freddie Mac after flipping it a few times. Nice to see it's at 1.90 now. Think I bought it at around .60 or somewhere in there.

I had the intentions of just leaving the stock alone and waiting til it fully rebound, but now I'm like hummm.
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Old 09-16-2009, 04:41 PM   #7
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I was happy the other day that my share portfolio is back to over 50% of what I started with a few years ago.

Disastrous turn of events.
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Old 09-16-2009, 04:46 PM   #8
eZe
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I invested all my money in porn. You know how much these mag are going to be worth in 20 years.
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Old 09-16-2009, 04:47 PM   #9
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I see a bubble forming.

Take a look at the state of our US economy. Virtual nationalization of our financial and housing sectors. Unemployment at 10%. Weak consumer. Record high $4 trillion in debt and record low US dollar. Threat of hyper-inflation. At war in Afghanistan. Obama pushing for $900 billion dollar Health Care reform (From a business perspective, this reform will curb if not kill health care profits), Obama pushing for tighter restrictions and regulations on Wall Street. And this is just all the bad stuff we know about. Throw some unpredictable events into the mix and you get a "double dip" recession. You will also get sort of a "W" looking stock market recovery, not the "V," we have currently been experiencing.

You'd think people would learn some lessons from history. Nope, not the case.
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Old 09-16-2009, 04:49 PM   #10
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I have been staying away these days. You have to watch it like a hawk and constantly read up and I don't have the time.
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Old 09-16-2009, 04:56 PM   #11
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Dont let the markets kill you... kill yourself instead. Fuck those markets.
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Old 09-16-2009, 05:17 PM   #12
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recession is over...my ass..
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Old 09-16-2009, 05:50 PM   #13
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South Korean market... Pharmaceutical companies making Swine Flu vaccinations... If you missed out on those, don't know what to tell you. Some went up 50%+!!!!!
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Old 09-16-2009, 06:14 PM   #14
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I'm stayin out of the market for now, it's still too volatile.
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Old 09-16-2009, 06:40 PM   #15
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don't trade on forex if you don't know what u are doing.. only 5% of FOREX traders do any money.

10% barely break even and the remaining 85% lose money month after month....

20% of FOREX traders have a PhD in economics.

Think it twice, dude.
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Old 09-16-2009, 06:45 PM   #16
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buy+hold is the only strategy that works, anything else = gambling....
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Old 09-16-2009, 06:48 PM   #17
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yea problem is u cant hold forever when it keeps goin down, u need an exit point...but its that speculation there will be correction which is killn ppl

that correction is never coming, and that bubble is a myth..but should be reality
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Old 09-16-2009, 06:50 PM   #18
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You guys must not be picking the right stocks. Im up 226% this year.
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Old 09-16-2009, 06:52 PM   #19
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I went long oil and financials after the crash and made back half of what I lost when the bubble burst.

Starting to look at some short positions but this rally could still have legs.
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Old 09-16-2009, 06:53 PM   #20
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buy+hold is the only strategy that works, anything else = gambling....
100% spot on. I prefer doing my gambling at a club...much more entertaining and the results are about the same.
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