Market is crap

[wayneL]

I feel for you stockwhizben and if it means anything I think the market will get back up because the US economy is not is as bad shape as people seem to think. It will probably at least take a year though.

I saw you guys mentioning gold before but it's funny to oil is also bucking the trend of the declining market.

Mime,

How bad to people think the market it is? And how do you know it's not as bad as that? Some figures or logic would be fine.

Also, maybe gold & oil can run countertrend to the economy, or indeed be symptomatic and/or causative in recessions?

 

[>Apocalypto<]

I saw you guys mentioning gold before but it's funny to oil is also bucking the trend of the declining market.

Ever heard of supply and demand Mime, If you haven't I suggest u look into it. some crazy cats say, it can actually determine a price!

 

[jman2007]

I gotta agree. If EVERYONE made money all the time on the stock market no body would sell! The market HAS to decline for it to work.

Just like Tattslotto you have to be in it to have a chance of succeeding. The Market is down but it only recently reached record highs.

If you aren't able to loose all your money then don't trade. Sounds to me like you've been gambling rather than trading or evening investing.

Hehe,

Nice one tronic, couldn't have summed it up better myself. I would much rather be trading in a realisticly priced market place than in a chronically overvalued one, which is asking for trouble.

Of course there will be periods of volatility, and if you aren't prepared to ride them out then trading is not for you, and being a value investor myself it's important to take a long-term approach to the market place. Periodic rises and falls go hand in hand with a normal, healthy functioning market place.

Wow, if I had 600K I wouldn't be splashing it around unless I had some serious underlying fundamental knowledge of trading. The golden rule is never invest more than you can afford to lose!

jman

 

[stockwhizben]

i had a cool 600k and didnt splash it round willy nilly. I do have skills in the market and ill be back in when i regroup.

i dont really think (and a lot may disagree) that just because i have lost heaps on the market lately that i dont have fundamental knowledge of trading. you would then have to apply that to everyone that has been losing lately and say they have been losing because they dont have knowledge of markets. wrong. eg US bank chiefs, super fund chiefs, other traders.