Stock market dip... A Buying Opportunity? - GoFuckYourself.com

Forest · 05-25-2010, 07:21 AM

is this just the correction many were calling for or a sign of worse things to come?

LoveSandra · 05-25-2010, 07:39 AM

bump bump

Semi-Retired-Dave · 05-25-2010, 07:40 AM

Great question, I think it's a great time to buy. But that's just me. I've been watching it and it's still going down as of 2-3 weeks straight.

VikingMan · 05-25-2010, 07:44 AM

huge meltdown on the way

DateDoc · 05-25-2010, 07:46 AM

Quote:

Originally Posted by *******

huge meltdown on the way

I second that. I was just reading Paul Elliot's article where he thinks the Dow is headed below 6500 and soon.

http://finance.yahoo.com/banking-bud...&asset=&ccode=

stonehammer · 05-25-2010, 07:48 AM

hot money has got to go somewhere....you know what im saying

Alky · 05-25-2010, 07:48 AM

Quote:

Originally Posted by CyberAge-Dave

Great question, I think it's a great time to buy. But that's just me. I've been watching it and it's still going down as of 2-3 weeks straight.

any insight behind that or just speculation?

woj · 05-25-2010, 07:52 AM

great time to buy now, not much has changed since last month, it's just traders driving the market lower... it will rebound in the near future

L-Pink · 05-25-2010, 07:57 AM

It will go down more. How much is the question. Right now WHERE would you put your money? The low/non-existent return from cash might keep money in the market that would normally go toward safer investments thus keeping the market higher than it should be. Last rally being an example.

.

Houdini · 05-25-2010, 07:59 AM

My prediction this year - Europe's financial system will crash, U.S. residential foreclosures will continue to rise at an alarming pace, and we'll begin to see commercial foreclosures, something we haven't experienced yet and that dwarf the size of residential mortgage debt. By end of year, early 2011, I see lower market below 2008 levels. Unless you're shorting or buying puts, you'll be just going along for the drop.

wig · 05-25-2010, 08:31 AM

Quote:

Originally Posted by Houdini

My prediction this year - Europe's financial system will crash, U.S. residential foreclosures will continue to rise at an alarming pace, and we'll begin to see commercial foreclosures, something we haven't experienced yet and that dwarf the size of residential mortgage debt. By end of year, early 2011, I see lower market below 2008 levels. Unless you're shorting or buying puts, you'll be just going along for the drop.

+1

next major stop is the area of the 1987 crash 2000-2700/DJIA, 225-335/ SPX. Doh!

arock10 · 05-25-2010, 08:32 AM

Its a great time to buy or sell

Forest · 05-25-2010, 08:39 AM

2 things to watch

EU and China

USW corps are better off now then they have been in years cash flow wise. but they havnt started hiring full scale yet

many variables at work here. could go either way.

im a buyer in the next few weeks i think.

wig · 05-25-2010, 08:43 AM

Good luck Forest... Short-term I would sell more on a small bounce into June 2nd (+/- a day) and look for more weakness into July before a bigger bounce takes hold.

The bottom line is that the world is de-leveraging from a massive credit expansion. When credit contracts, it is deflationary. The party is over until all the excesses get washed away.

As fast as wealth was created out of thin air, so it will disappear!

Forest · 05-25-2010, 08:45 AM

Quote:

Originally Posted by wig

Good luck Forest... Short-term I would sell more on a small bounce into June 2nd (+/- a day) and look for more weakness into July before a bigger bounce takes hold.

The bottom line is that the world is de-leveraging from a massive credit expansion. When credit contracts, it is deflationary. The party is over until all the excesses get washed away.

As fast as wealth was created out of thin air, so it will disappear!

one of the smartest guys i know in relation to many things!

hope your well dude

wig · 05-25-2010, 08:53 AM

wow... thanks for the compliment, amigo!

I hope this finds you well, too!

I also hope that whatever lies ahead economically, we all make out!!!

Forest · 05-25-2010, 09:49 AM

Quote:

Originally Posted by wig

wow... thanks for the compliment, amigo!

I hope this finds you well, too!

I also hope that whatever lies ahead economically, we all make out!!!

just bought a house in Utah and im stock piling it with canned goods

Ethersync · 05-25-2010, 09:52 AM

Quote:

Originally Posted by CyberAge-Dave

Great question, I think it's a great time to buy. But that's just me. I've been watching it and it's still going down as of 2-3 weeks straight.

Go all in

JP-pornshooter · 05-25-2010, 11:16 AM

seems to be market jitters at the moment, traders looking for "negativity" to curb the expansion this spring.
personally buying some quality stocks but not ALL IN type trading, a few quality long holds.

Forest · 05-25-2010, 11:19 AM

does the phrase

"sell in may and go away" apply here? could that be all this is?

wig · 05-25-2010, 11:27 AM

Quote:

Originally Posted by Forest

just bought a house in Utah and im stock piling it with canned goods

Utah, huh? Can't say I pictured you there.

Congrats on your new home. I trust you are getting settled in well.

I'm 5 months into a new home I bought in Panama in 2007. Hard to believe it took that long to build, I know.

Forest · 05-25-2010, 11:56 AM

Quote:

Originally Posted by wig

Utah, huh? Can't say I pictured you there.

Congrats on your new home. I trust you are getting settled in well.

I'm 5 months into a new home I bought in Panama in 2007. Hard to believe it took that long to build, I know.

ive been renovating the house for the last 2 weeks and i cant imagine the stress in building one LOL

its just a vacation house for now. Im a huge skier and im 8 miles from Snowbird so perfect spot for winter get a ways!

we should house swap sometime LOL ;). This place is amazing in the summer.

onwebcam · 05-25-2010, 12:12 PM

I'd say it's time for the money changers to steal the remainder of everyone's life savings. Get out of stocks and the bank and buy some farm land.. The casino is closing down.

wig · 05-25-2010, 12:18 PM

Quote:

Originally Posted by Forest

ive been renovating the house for the last 2 weeks and i cant imagine the stress in building one LOL

its just a vacation house for now. Im a huge skier and im 8 miles from Snowbird so perfect spot for winter get a ways!

we should house swap sometime LOL ;). This place is amazing in the summer.

It occurred to me you might be into skiing. Great place for that.

Where's your main residence? Florida? I seem to remember you traveling around for a while.

LMK if you ever get a wild hair to come down to Panama and I will hook you up!

Forest · 05-25-2010, 12:45 PM

Quote:

Originally Posted by wig

It occurred to me you might be into skiing. Great place for that.

Where's your main residence? Florida? I seem to remember you traveling around for a while.

LMK if you ever get a wild hair to come down to Panama and I will hook you up!

yeah s. fl is still home (for now lol) its amazing here in utah. People are a bit odd but country is amazing

ill def hit you up. always wanted to see panama!

Hell of a market turn around today. I could have mad some money on AAPL if i had bought it this am and sold this afternoon

ahh trading is always so hindsight LOL

wig · 05-25-2010, 12:49 PM

Quote:

Originally Posted by Forest

yeah s. fl is still home (for now lol) its amazing here in utah. People are a bit odd but country is amazing

ill def hit you up. always wanted to see panama!

Hell of a market turn around today. I could have mad some money on AAPL if i had bought it this am and sold this afternoon

ahh trading is always so hindsight LOL

I have some great friends here in Panama from Utah. He is a retired Fire Captain. They are always inviting me back for some fun in the snow. Maybe I'll take them up on it now that my son can enjoy the slopes, too.

I'm not a day trader, but yeah it came back today. Hopefully it extends the rally into June 2nd so I can add to my shorts!

05-25-2010, 07:21 AM	#1
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 8,979	Stock market dip... A Buying Opportunity? is this just the correction many were calling for or a sign of worse things to come?

05-25-2010, 07:40 AM	#3
Semi-Retired-Dave Too lazy to set a custom title Join Date: Apr 2004 Location: LA Posts: 11,190	Great question, I think it's a great time to buy. But that's just me. I've been watching it and it's still going down as of 2-3 weeks straight. __________________ Support a Good Cause

05-25-2010, 07:48 AM	#6
stonehammer Confirmed User Join Date: Feb 2008 Posts: 1,430	hot money has got to go somewhere....you know what im saying __________________ GFY Educational Series: Buying Skimmed Traffic for Websites

05-25-2010, 07:52 AM	#8
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	great time to buy now, not much has changed since last month, it's just traders driving the market lower... it will rebound in the near future __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

05-25-2010, 08:32 AM	#12
arock10 Confirmed User Join Date: Jan 2006 Posts: 6,218	Its a great time to buy or sell __________________ Sup

05-25-2010, 07:39 AM	#2
LoveSandra So Fucking Banned Join Date: Aug 2008 Location: Just Blow Me Posts: 10,551	bump bump

05-25-2010, 07:44 AM	#4
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,502	huge meltdown on the way

05-25-2010, 07:57 AM	#9
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	It will go down more. How much is the question. Right now WHERE would you put your money? The low/non-existent return from cash might keep money in the market that would normally go toward safer investments thus keeping the market higher than it should be. Last rally being an example. .

05-25-2010, 07:59 AM	#10
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	My prediction this year - Europe's financial system will crash, U.S. residential foreclosures will continue to rise at an alarming pace, and we'll begin to see commercial foreclosures, something we haven't experienced yet and that dwarf the size of residential mortgage debt. By end of year, early 2011, I see lower market below 2008 levels. Unless you're shorting or buying puts, you'll be just going along for the drop.

05-25-2010, 08:39 AM	#13
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 8,979	2 things to watch EU and China USW corps are better off now then they have been in years cash flow wise. but they havnt started hiring full scale yet many variables at work here. could go either way. im a buyer in the next few weeks i think.

05-25-2010, 08:43 AM	#14
wig Confirmed User Join Date: Feb 2002 Location: Panama Posts: 708	Good luck Forest... Short-term I would sell more on a small bounce into June 2nd (+/- a day) and look for more weakness into July before a bigger bounce takes hold. The bottom line is that the world is de-leveraging from a massive credit expansion. When credit contracts, it is deflationary. The party is over until all the excesses get washed away. As fast as wealth was created out of thin air, so it will disappear! __________________ Credit Card and ACH Processing

05-25-2010, 08:53 AM	#16
wig Confirmed User Join Date: Feb 2002 Location: Panama Posts: 708	wow... thanks for the compliment, amigo! I hope this finds you well, too! I also hope that whatever lies ahead economically, we all make out!!! __________________ Credit Card and ACH Processing

05-25-2010, 11:16 AM	#19
JP-pornshooter Confirmed User Join Date: Sep 2006 Location: westcoast usa Posts: 4,007	seems to be market jitters at the moment, traders looking for "negativity" to curb the expansion this spring. personally buying some quality stocks but not ALL IN type trading, a few quality long holds. __________________ "Obscenity is whatever gives the Judge an erection." -- Author Unknown

05-25-2010, 11:19 AM	#20
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 8,979	does the phrase "sell in may and go away" apply here? could that be all this is?

05-25-2010, 12:12 PM	#23
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,655	I'd say it's time for the money changers to steal the remainder of everyone's life savings. Get out of stocks and the bank and buy some farm land.. The casino is closing down. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. Last edited by onwebcam; 05-25-2010 at 12:15 PM..