until all the prices are 0.00 ...Right???The American indices will tank tonight in reaction to the global rout and in turn the world will react to the fall in America and tank again tomorrow and the cycle will continue (in the short term). Keep shaking the heads
until all the prices are 0.00 ...Right???
until all the prices are 0.00 ...Right???
ROFL.
I'm starting tothink we might get a better day tomorrow. Anyone wanting to... apart from needing to... will probably have sold today.
Do I think this will reverse sharply and be anymore than temporary? Nup. Am I game to go long? Nup.
I wish i can turn back time to sell out of the market in july when the market was at its peak and buy in now.
That's my thinking too. I bit the bullet and sold the lot today and crystalised a loss of $120K odd. But it still leaves me some $200K spare in the LOC after the margin loan is paid down and the equity freed. My pride took a hammering, but it seems fundamentals don't count for squat at the moment. I'll wait until I see a solid change in direction and a new trend channel emerge on the upside then buy back in. I don't even care if I have to wait until prices are above my exit price. At least I'll be sure of direction and should recover that loss in the ensuing bull when the dust EVENTUALLY settles.On the plus side I think once the dust settles, anyone with some cash will be able to get a lot more their money. The 200K I currently have will get me $600 K worth of stock (compared to pre November 07).
Nyden: If all the fearful sold out today, we would have seen far greater losses. If the US gives us red, little alone red tonight, tomorrow will be a massacre, and as will the remainder of the week.
I've seen a few people mention this sort of thing and it makes no sense.
For every buyer who sells, there's another who's bought in.Up until recently I was one of those buyer. If those new buyers are still getting pounded then they will continue to sell. I can't see any short term good news that will stop that cycle happening in the short term.
For the record I agree that this current selling is overkill but the Market has been expecting this for a long time now and I predict it will take on a life of it's own once it starts. The US will take Europe's lead and the rest of the world will take their lead and so on. There simply won't be any good news to come from companies in the short term and anything the US government does will be too little, too late.
On the plus side I think once the dust settles, anyone with some cash will be able to get a lot more their money. The 200K I currently have will get me $600 K worth of stock (compared to pre November 07).
That's my thinking too. I bit the bullet and sold the lot today and crystalised a loss of $120K odd.
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