I think you mean heroin!
I think you mean heroine!
This is what I remember from GFC 1.
Market slides every day. Until someone put a bandaid on something.
- Some Korea bank wants to buy Lehman.... sucker rally.
- G20 coordinated rescue.... sucker rally.
- TARP... sucker rally.
The path this time may be similar. And some of the upcoming short term events are...
- RBA meeting tomorrow... they might say something about cutting rates?
- Fed meeting Tuesday US... bring out QE3?
- G20 emergency meeting... some other massive bandaid?
You'd think the market is not so stupid that they would rally on QE3, but the market IS pretty stupid at the best of times imo. The question is whether QE3 is going to be effective in pushing up asset prices this time. I read a good analogy somewhere.. that QE is like taking steroids - each time the high becomes lower and the duration becomes shorter, and you need higher and higer dose to get the same effect...
I love this thread.
Evidently the fall in the INDEX is due simply to PANIC.
Everyone will come to their sences shortly.
The floor is littered with heros victims of stupid panick.
Just let the IMF know not to panic.
OH
US congress should be informed as well.
I think you mean heroine!
I think you mean heroin!
My cue to buy is when these guys start posting doom and gloomI'm going to be a millionaire!
And my cue is to buy several months after you start buying...My cue to buy is when you abandon this plan and all other hope...
And my cue is to buy several months after you start buying...
Defnitely should have taken losses this morning.
This is where being a newb is bad. Whenever my shares are going good or today for example, going less bad. I always fail to pull the trigger "just in case" they improve more.
Fail
We can't keep free falling like this for too much longer...
Buying today would probably see one in profit by the end of the week. But unless those profits are taken, heavy losses by end of the month is also a likely scenario.
We can't keep free falling like this for too much longer...
Buying today would probably see one in profit by the end of the week. But unless those profits are taken, heavy losses by end of the month is also a likely scenario.
Do you have a margin loan against your holdings, If not why stress. If your companies are sound and you have diversification forget about short term market movements.
I know right now it is hard, but it will pass
That's what October 2008 tells us although this sell off is not yet of that extent.We can't keep free falling like this for too much longer...
Buying today would probably see one in profit by the end of the week. But unless those profits are taken, heavy losses by end of the month is also a likely scenario.
WHY.
Is everything fixed???
WHY.
Is everything fixed???
Not everything is broken.
I love this thread.
Evidently the fall in the INDEX is due simply to PANIC.
Everyone will come to their sences shortly.
The floor is littered with heros victims of stupid panick.
Just let the IMF know not to panic.
OH
US congress should be informed as well.
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