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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,943
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Market up 960+ points
The market just closed up 960+ points, the largest one day gain in history.
Hope all of us who stayed in the stock market made a mint! You never take a chance, you never get ahead in life. Joe A Ps my home has been going UP in value the last month. Real estate values in parts of Phoenix has turned the corner. Enough of this "doom and gloom" talk, lets get moving ahead!
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2013 Jag XF, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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10-13-2008, 12:07 PM
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Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,189
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and it's great to see you in the mix again.
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Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong. Disclaimer: the above was 2¢ worth. More information is available as my professional opinion, which is provided for an exorbitant fee. 
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10-13-2008, 12:15 PM
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Registered
Join Date: Mar 2004
Location: Summerville, SC
Posts: 2,057
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This is not any sort of "healthy" stock market rally.
This is a demonstration that there are way too many "traders" in the market and not enough investors. The actual value of the companies that make up the averages have not been fluctuating up and down (or down and up as this market has moved) by the amounts the stock prices have changed. If you are buying or selling, know exactly what you are doing -- and be ready for continued volatility as the "crazy people" (some of them with lines of credit from our government) whip-saw this market up and down. |
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10-13-2008, 12:18 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Dead cat bounce?
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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10-13-2008, 12:33 PM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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Quote:
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Jim R. |
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10-13-2008, 12:37 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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FK U going ahead....that is just BS....take a look around....America is BROKE....this America is RICH and can just afford it, is OBAMA rhetoric. America has been GREAZIN on the Credit Card..It is now time to pay the Piper. If WE DO NOT, nothing will save us the next time the markets threaten the bottom dropping out. JUST WAIT AND SEE....
America going forward ain't gona be rich...just wait till the Boomers hit Social Security and Medicare enmass and see what happens then? JOEY YOU KNOW BETTER
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Copyright "Some Observer" |
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10-13-2008, 12:48 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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To tell ya all the truth....I was pissen and doin the BROWN SQUIRTS in my pants last week. I stared into the abyss... Even though I now got laundry to do, I did not take my money outa the markets.
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Copyright "Some Observer" |
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10-13-2008, 12:51 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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For the past 40 years America has been Greazin on that Credit Card, while the media told ya go ahead and by that SUV and Big Screen on CREDIT you deserve it. Well fk ya all...unless ya got the money in the bank DON"T BUY IT.
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Copyright "Some Observer" |
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10-13-2008, 12:57 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,131
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tabs is hittin the sauce and skipped his meds today.
Not necessarily wrong, just not sober either. 
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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10-13-2008, 01:00 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,332
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My prediction for tomorrow is down 450.
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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10-13-2008, 01:12 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Just pissed off an ranting>>..
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Copyright "Some Observer" |
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10-13-2008, 01:13 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The first rally back will eventually run outa steam and be used for a selling op. This rally has a ways to go....there certainily be a battle between sellers and buyer...TODAY the sellers were swamped by the buyers.
This weekend under the GOLD thread, I posted the likily hood of a snap back rally. As much as the markets were oversold that will be the lenght of the Rally. It will go to neutral and then oversold....before dropping back... The G-7 acted as BIG DADDY and took the crisis seriousily..this is what is restoring confidence. That the world is going to act. The US Congress MUFFED its chance with the failure of the B BIll. If they had passed it on that MOnday the world would not have been facing the abysss. It is all psychological and about confidence in the world wide financial system that the USA instituted back in 1945.
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Copyright "Some Observer" |
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10-13-2008, 01:19 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,535
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I'd have been a whole lot happier if the market had climbed 100 up each day over the next 10 days....this is far too wild for me to try to make any sense of it. Traders alone doing this? I don't think so...has to be some heavy institutional buying. So who are they? Yeah, the line from Butch & Sundance; "Who are these guys???"
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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10-13-2008, 01:37 PM
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AutoBahned
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just ignore it - rebalance every year or two
or subscribe to a good newsletter - both fidelity and vanguard have good ones watching them and there is no reason to have other funds Last edited by RWebb; 10-13-2008 at 03:51 PM.. |
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10-13-2008, 01:43 PM
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Registered
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Volumes light. Not much institutional buying. Some buying from mutual funds. Also I'm told some program trading. Biggest thing was not much selling and not much shorting. Bond market and banks were closed. So no data on credit/debt spreads. The rally took us back to last Wed's closing px on SPX and COMP.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? Last edited by jyl; 10-13-2008 at 03:42 PM.. |
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10-13-2008, 03:24 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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So Tommorow will be 1200 pts...
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Copyright "Some Observer" |
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10-13-2008, 03:39 PM
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the market was just trying to celebrate Columbus Day. They were trying for a 1492 point gain but couldn't quite pull it off.
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10-13-2008, 03:40 PM
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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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Quote:
Last edited by widgeon13; 10-13-2008 at 04:04 PM.. |
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10-13-2008, 04:00 PM
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Registered
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Quote:
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10-13-2008, 04:01 PM
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Used to be Singpilot...
Join Date: Oct 2006
Location: Sioux Falls, SD is what the reg says on the bus.
Posts: 1,867
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I am LOL..... The market, and what there was of my retirement, is STILL down 33% in the last 10 months.
For some reason, my total retirement is down even more, not quite 150% of that 33%. Took me 33 years to put 'enuf' away, and one year to lose it all. Yeah, I'm sleeping better tonight, right. |
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10-13-2008, 04:01 PM
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1989 Porsche 911 Carrera 3.2
1979 Porsche 911SC 3.0
