heypa
283 posts
msg #51254
- Ignore heypa |
4/20/2007 4:58:06 PM
karennma. You are correct! There is not a single government statistic that has not been massaged to produce desired not real results. Same goes for financial information. Caveat emptor. Know your A B C"s. Always Be Careful. Like the local poker game I know it's crooked but it's the only game in town.
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nikoschopen
2,824 posts
msg #51257
- Ignore nikoschopen |
4/20/2007 9:11:44 PM
karennma sez: "Something's NOT right. I believe the media is corrupt and the gov't is corrupt. Have the markets now become so corrupt, they make no sense?"
Well, a market prediction is nothing other than a personal opinion. What really counts at the end of the day is whether you made money. If you did, good for you. If you didn't, no matter what you might think of the current market situation, you're invariably wrong.
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petrolpeter
439 posts
msg #51263
- Ignore petrolpeter |
4/21/2007 9:27:46 AM
If the markets replicate the 2000 bubble we are in for a treat.Back then Parabolic was the rule of thumb and margin money was stacked on top of more money just for thrills.Take the chart of (OO)Oakly for example.It's up 11.70% on a jump move.Now apply 2000 standards and take it up another 15% tomorrow and keep rolling it until OO hits 100 then do a 2-for-1 split and roll the chart up to 150 by year end for no other reason than the idea there is a greater fool than the present one willing to put it on.I don't see that in this market,maybe overseas where the markets seem slightly hotter.There is a reason for every move in the market.
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TheRumpledOne
6,411 posts
msg #51266
- Ignore TheRumpledOne
modified |
4/21/2007 12:25:05 PM
=====================================================================
Trading Rules
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43. It is better to be more interested in the market's reaction to new information that in the piece of news itself.
45. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word - Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.
=====================================================================
Just go with the flow!
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petrolpeter
439 posts
msg #51271
- Ignore petrolpeter |
4/21/2007 2:14:25 PM
C'mon Rumpl,take a poke at it,wheres she going?
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retired
28 posts
msg #51273
- Ignore retired |
4/21/2007 5:28:06 PM
TRO is right. Go with the flow.
Unless you are a long term invester, what difference does it make?
If you aren't day trading, you should be.
Too much analyzing. Buy low, sell higher. Just go with the flow.
Retired.....
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nikoschopen
2,824 posts
msg #51324
- Ignore nikoschopen |
4/25/2007 1:53:12 PM
The S&P futures is nearing the 1500 milestone mark. I wouldn't be surprised if the index itself reaches that level within a day or two.
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nikoschopen
2,824 posts
msg #52731
- Ignore nikoschopen |
7/1/2007 2:47:43 PM
"Anyone taken as an individual is tolerably sensible and reasonable ― as a member of a crowd, he at once becomes a blockhead" (Friedrich Schiller)
This is never more evident than in the stock market as you may already know.
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