Licking wounds?

[ghotib]

My word we're quiet tonight; I came in expecting lots of talk about the week and what it might mean. Where is everyone? Drowning sorrows? Re-assessing strategy? Studying derivatives?

Maybe we need a poll.

Cheer up kiddies. Even the Great Depression wasn't miserable for all of the people all of the time.

Ghoti

 

[DTM]

My word we're quiet tonight; I came in expecting lots of talk about the week and what it might mean. Where is everyone? Drowning sorrows? Re-assessing strategy? Studying derivatives?

Maybe we need a poll.

Cheer up kiddies. Even the Great Depression wasn't miserable for all of the people all of the time.

Ghoti

When they weren't miserable, they were depressed. This whole week has been quiet, maybe it was the calm before the storm or hopefully they were busy exiting all their positions. Maybe someone should start a "how to short stocks" thread because I can only see the market going down. Even most of the optionable stocks seem like they are just starting their down hill run.

 

[markrmau]

Hey, I'm still bullish for aords over next few months.

I think the problem is people are so used to the uptrend, with the odd down day here an there, that they are forgetting what it feels like to see everything drop --- and hence the panic we see.

Think back to how you felt in about July-August last year when we had two lots of two week periods when aords trended down, basically over oil concerns (I think it was headed towards $45 US --- shock horror). Currently, the market is all a twitter over growth concerns - but the market will get over this, just like it got used to higher oil.

I see this correction as just taking the froth out of the market, and there are genuine bargains about.

 

[DTM]

The Dow on the monthly chart looks like it still has room to go up after this current correction but short term (daily and weekly) looks very bearish.



I would stay out of the ASX market until you get an upward trend, otherwise use short term trading to ride the waves. I think that we've still got lots of falling to do because in my opinion, we are entering a recession.

Dow down 78 points as I'm writing.

 

[krisbarry]

These have been massive falls. It was predicted soon after the housing market burst, so would the market, and it has.

I have been just buying up more on lower prices and waiting for the market to turn, then I re-gain those losses.

 

[DTM]

Dow down 198 points!!!

Thats gotta hurt. Wayne L and Posi must be loving it.

 

[Aussiejeff]

Mebbe GWB's intention to mine Alaska to the bone has stirred the Giant Grizzly from it's hibernation a few months earlier than hoped.....???

Well, that's as sensible a reason as any of the twaddle foisted on us by the financial media gurus during this bit of a silly season.

Eg: One day the ex-spurts say "Of course, anyone can see that the share market has slumped because of rising oil prices". Yet the very next day they will say "Of course, anyone can see that the share market has slumped because of falling all prices". Hmmmm. Which one to believe? ;o)

Personally I'll be looking to preserve the bulk of my capital for now, lick a few wounds and wait for the diplomatic/political/economic sh** fight between China, Japan, South Korea & good old tottering Uncle Sam to clarify itself before looking for any possible bargain basement re-entries!

Now, where's the best place to hide my new stash of emergency cash??? ;o)

Happy hibernating.....

"GGGGroowllllll....."

AJ

 

[positivecashflow]

Dow down 198 points!!!

Thats gotta hurt. Wayne L and Posi must be loving it.

LOL - it needs to go down further! Somewhere around 9200 is target :..

 

[ghotib]

When they weren't miserable, they were depressed.

GROOOOOAAAANNNN!!!!

This whole week has been quiet, maybe it was the calm before the storm or hopefully they were busy exiting all their positions. Maybe someone should start a "how to short stocks" thread because I can only see the market going down. Even most of the optionable stocks seem like they are just starting their down hill run.

I'm quite sure that all of "they" weren't busy exiting all their positions and that many of "them" will do so on Monday morning.
I put my potential career as a trader on indefinite hold last week and started started re-reading Buffet and Hagstrom.
Cheers,
Ghoti