Correction or crash?

[Fool]

check this poor guy out,

http://www.youtube.com/watch?v=rCtQL5b_rCM

 

[wayneL]

check this poor guy out,

http://www.youtube.com/watch?v=rCtQL5b_rCM

Ouch. No stop eh?

 

[numbercruncher]

I followed a link from that flick and found this feedback, made me giggle ..

THE DOLLAR FINISH, BYE BYE ; NASDAQ NYSE FTSE CAC DAX HANG SENG BOVESPA MERVAL etc... REMEMBER CRASH 1929 , THANKS TO ; MERRILL LYNCH JP.MORGAN LEHMAN WARBURG ROTHSCHILD CITYGROUP . USA BROKEN NOW ,

 

[wayneL]

check this poor guy out,

http://www.youtube.com/watch?v=rCtQL5b_rCM

Same guy earlier to that video.

http://www.youtube.com/watch?v=87OnSTN3SHk

Sheesh

 

[Sean K]

So, officially crash, or large correction, or semantics? Whatever the case, 20% off is pretty significant. Question may be how long to recover as many have pointed out could take some time, although the markets do eventually make new highs. Eventually. Can I possibly wait 10 years?

Some value investors with some cash must be looking at some quality stocks, like Buffett.

Warren Buffett's Burlington Northern Stake Tops 18% As Daily Buying Spree Rolls On
Posted By:Alex Crippen
Topics:Recession | Economy (U.S.) | Railroads | Warren Buffett
Companies:Burlington Northern Santa Fe Corp | Berkshire Hathaway Inc.

Warren Buffett's stake in Burlington Northern Santa Fe has topped 18 percent after his Berkshire Hathaway holding company bought an additional 1.25 million shares for $96 million over the past three days.

That brings Berkshire's total holdings to 63,775,118 shares, or 18.2% of the freight railroad's outstanding shares.

Even as fears of a possible recession have sparked heavy selling on Wall Street, Berkshire has been steadily adding to its Burlington position. It has made a purchase on each day of the past two weeks, with the exception of Friday, January 11.

According to its latest disclosure to the SEC, Berkshire made its largest single-day purchase in the recent series of buys when it picked up 996,100 shares yesterday (Friday, January 18) for $76.97 each. That's near the bottom of the price range it's been paying recently.

The Burlington buys appear to be a vote of confidence in the long-term health of the U.S. economy and Burlington's ability to take advantage of the increased rail shipments that would presumably accompany the eventual economic rebound. He's also taking advantage of the lower stock prices prompted by the market's worries about the economy.

Buffett has been saying that while the U.S. is in danger of falling into a recession, and that downturns are inevitable, he believes the U.S. economy will continue its long-term growth trend for many years to come.

As he told our Becky Quick last month:

"It is the nature of capitalism to periodically have recessions. People overshoot. So, it isn't the end of the world. I mean, as a matter of fact, for an investor, you know, it turns out to be the times when you make your best buys."

And why the others saying the US will actually end up this year? Just perma bulls with their head in the sand?

Treasury Rally to End as Stocks Gain, Citi, BNP Say (Update1)

By Wes Goodman

Jan. 21 (Bloomberg) -- The biggest rally in Treasuries in five years will end in 2008 as stocks attract investors, Citi Global Wealth Management and BNP Paribas SA said.

``The U.S. economy will avoid a recession,'' Jeff Applegate, who oversees $1.4 trillion as chief investment officer for Citi Global Wealth, part of the biggest U.S. bank by assets, told reporters in Singapore. ``Global equities are likely to outperform global bonds. You'll probably be getting a backup in yields as equities find a bottom.''

U.S. 10-year yields will climb to 4.4 percent by year-end, Applegate said, from today's 3.63 percent. Cyril Beuzit, head of interest-rate strategy at BNP, France's biggest bank, predicts they will be higher than 4 percent by the end of June.

Federal Reserve interest-rate cuts will spur the economy, and equities will become increasingly attractive, both firms said. The outlook is a reversal from 2007, when a housing recession threatened to stall the U.S. expansion, fueling demand for the relative security of government debt.

Just a couple more alternate opinions to really confuse the amateur investor.

 

[Sean K]

This is what seems more logical perhaps.

Will the cure be worse than the disease?

Politicians are scrambling to offer a stimulus package, and Fed Chairman Ben Bernanke is slashing interest rates. But they may be paving the way for a bigger calamity down the road.

By Shawn Tully, editor at large

(Fortune Magazine) -- The wobbly economy is overtaking Iraq as the issue weighing most heavily on the minds of America's voters. And Washington has noticed. The White House and Congress are almost certain to enact some kind of stimulus package. But like all such temporary, feel-good measures, it will generate a quick blip in growth that will quickly evaporate. In reality only one player has the power to do anything swift and decisive: the Federal Reserve. And its chairman, Ben Bernanke, has already made his intentions abundantly clear. Unfortunately, the cure he's prescribing may be worse than the disease.

What the bears have been saying for some time.

 

[chops_a_must]

Another down day in the world, and I think the DOW will open on support around 11,000. Which would officially get papers calling a crash in my opinion. US futures almost limit down as far as my understanding goes, with them off the charts. Quite literally.

 

[wayneL]

The state of play at the moment:

Holiday in the US but futures traded till 11:30 EST. SYCOM closed all day. European indexes still open at the time of this screen shot.

CHECK OUT DAX AND EUROSTOXX

FUGLY

 

[explod]

So, officially crash, or large correction, or semantics? Whatever the case, 20% off is pretty significant. Question may be how long to recover as many have pointed out could take some time, although the markets do eventually make new highs. Eventually. Can I possibly wait 10 years?

Some value investors with some cash must be looking at some quality stocks, like Buffett.

Yeh, railways, oil through the roof, truck companies to the floor and rail freight takes off.

We played trains as youngters, Buffet understand em.

Toll holdings perhaps? I understand food, the girth says so WOW

 

[AnDy62]

a depressing crash, just a guess. :bricks1:

 

[bunyip]

A 100 point buy-back this afternoon and a 14% correction from Nov. top till now suggests we have hit the bottom. The smart investors get in at ground floor, many may have entered today

Anyone who thinks he or she knows where 'ground floor' is when the market is plunging, is delusional.

Guess those 'smart investors' will just have to get a whole lot smarter next time.

Bunyip

 

[Miner]

Anyone who thinks he or she knows where 'ground floor' is when the market is plunging, is delusional.

Guess those 'smart investors' will just have to get a whole lot smarter next time.

Bunyip

I wish your guess would have been true.
People just do not learn lessons from burning house fire.
It has happened before, now happening and will happen.

Good luck to all and Me as well.

 

[Wysiwyg]

Still more pessimism unfolding in the u.s. of America.They want to continue exercising control over external affairs while the house burns.Next stop 10000 for the DOW.Ah it`s all for the good of mankind, isn`t it ... isn`t it ????

Now where is that dead cat when you really need it.

.

 

[Wysiwyg]

1/12/2014

Things are going crazy with a lot of fear being acted upon. Desperation to exit at loss like there is some huge tidal wave about to hit the coast. Like there is no tomorrow or more unintelligent, no next week/month/year.

Are you with me ROE.

 

[qldfrog]

Is it time to reopen that thread?

 

[Miner]

Is it time to reopen that thread?

ditto that before market crashes.