Have you seen the Dow today? >>

[El Supremo]

[rdking647]

1. yesterday was teh worst day I ever had in the market

today is the best.....

I need a drink :)

[elleng]

4. GOOD ONE!

[JoePhilly]

10. If you were in the market this time last year ...

even before the market opened today, you were up about 10%.

If you aren't investing with a multi-year perspective you need to get out.

[Lisa0825]

22. Exactly!!! Sure, it was no fun seeing my gains disappear,

but I have confidence they will be back, and much has come back already. Also, I bought another chunk of an index fund while it was down, and made a decent profit on that today!

[RKP5637]

2. PERFECT!!! n/t

[Jon Ace]

3. Dead cat bounce. (nt)

[Yavapai]

7. Market fell so fast it was more like the dead cat ricochet!

[JoePhilly]

11. Yea, it bounced to a point more than 10% where it was last year.

There is a reason that DU is not a good place to get investment advice.

[Jon Ace]

14. It's a different market than it was last year. (nt)

[Jon Ace]

15. In addition...

The DJIA closed at 10698.75 this date last year. It has only gone up 4.8% since.

[JoePhilly]

18. And it was 9800 in June last year ... 6500 in March 2009 ...

If you are in the market, you know what the trends are.

You are periodically taking gains as the market GOES UP. And then buying more when it goes DOWN.

Like I show about, its 4.8% from last august, over 10% from last June, and then up about 45% from March 2009.

If you are a smart invester, you see that 6500 number as too low to focus on ... much like the 14.5 number in 2007 was also an anomaly.

Since the year 2000 ... the DOW has run in an average from about 10k, to about 12k ... with a few jumps above and below.

A smart investor was selling when the DOW reached about 5-10% above yearly highs, and buying when it falls 5% to 10% lower.

But in both cases, you don't sell all. You sell on highs, to get cash, so you can take advantage of drops.

[JoePhilly]

16. Ummm ... if you bought in last summer you are UP 10% ... that's just a fact.

And if you were a SMART investor, you took some gains as the DOW passed through 10.5k, 11k, 11.5k, 12k, 12.5k during the last year. You periodically take gains when stocks go up.

Or as some on DU would suggest, the best thing to do NOW, is sell. Which is backwards.

In reality the market is not changed much from last year, or even a month ago.

The Tea Party threw a tantrum, the S&P knee jerked on it, and the market fell because it was already WAY UP. And so people who had not taken gains started to do so at the start of the debt ceiling fight ... and some waited, and the S&P kicked those folks over the edge.

Every smart investor knows that the market didn't change, the actual RISK is what others might do, i.e. "panic".

Basically "I don't want to pull out my money too fast, but if I think others will "panic" I want to pull out earlier ... gather my cash, and then buy back in on the irrational drop."

But again ... there is a reason I recommend that DU never be one's main source of investment advice.

[girl gone mad]

17. Based on your post alone..

yes, DU is an awful place to get investment advice.

This has to be the single worst piece of market analysis I've read all week.

[JoePhilly]

19. Two things ...

First ... my advice about not taking advice from DU include mine. You better know what you are doing before you invest a nickle.

Second ... my portfolio would disagree with your assessment of what I said.

But look, I think you should SELL.

I'm looking for deals.

[Jon Ace]

21. You're absolutely correct.

A smarter thing for me to say should have been:

Dead Cat Bounce
...if this bullish harami doesn't verify.

[Warren DeMontague]

20. In approximately 4 Billion years, the sun will burn out.

So, really, investments are a waste of time.

[a kennedy]

5. at the close, up 429!!!

:wow:

[Scurrilous]

6. Not as many stockmarket threads today as there were yesterday.

I wonder why?

:P

[Rex]

8. Because it is doing better and not worser?

nt

[Amonester]

23. Because it's temporary.

When every human being who's given a fresh new credit card (TM) with a max-out limit will reach that limit, to who will the predator$ 'give' their plastic-card TRAP to?

Chimpanzees?

(My preemptive apologies to all chimpanzees, except georgie). :rofl:

[spanone]

9. i feel like linda blair in the exorcist

[tridim]

12. So, anyone know, or care how the public companies are doing?

You know, the original reason why we have a stock market.

The Dow is a freaking joke.

[fivepennies]

13. Bi polar disorder is contagious

Its carried by spreadsheets. And that calls for more lithium ... from Afghanistan, of course. http://www.nytimes.com/2010/06/14/world/asia/14minerals.html