Someone is trolling for suckers in the Stock Market today aren't they?

[NNN0LHI]

Sorry I ain't biting.

Don

[dmallind]

1. I'm not biting either

No way I'm selling at this panic-driven trough!

Buying though is only foolish for those who think we will never again see a market as high as today's. Which finance, economics and history tells us is an asinine prediction.

[Leopolds Ghost]

8. So you think it's "asinine" to assume anything other than infinite growth.

[dmallind]

18. Not really

I assume it's asinine to assume unending declines.

I would not for example buy DJIA options at 50000 so I don't assume infinite growth. (although given a long enough timespan and consistent formulae maybe, since essentially by definition cash-denominated value of a going concern will increase over time relative to the historical cash value, but let's stick to the mortal and realistic here), but I like most 401K type investors use stocks primarily as long term investments and there is absolutely nothing to suggest that we will continue to see consistent declines for the 20 year horsiozn I'm thinking of.

So the idea of refusing to buy at 8500 ONLY makes sense if you think the DJIA will never get higher than that. Can we agree on that much? If I buy at 8500 and sell at say 10500 or 11000 (or even at 9500 today!) in the next 6-12 months have I gained or lost? Do you think that we'll never see 10500 or 11000 again not just in the next months but even years? Why? What beyond chicken little strained parallels to a mecahincally and culturally unrecognizable market of the 1920s and 30's suggests that?

In summary, the day trading investors have already made 10% gains from whenthis post was made (if they bought DHIA index funds - but stocks in all exchanges and indexesa did well yesterday - some better than that some not as goodm, but a very very broad uptick indeed). So already they are not suckers. I'm a long term guy so I can afford to not be a sucker ANY day betwen now and 2030 or so if we go above the levels when this was posted. Ask yourself is it asinine or not to assume that that will never happen (and remember .....it already has)?

[Justyce]

2. But weren't they saying we've nearly reached the floor?

I admittedly know little to nothing about the stock market, but it seems like now would be the time to buy if you could find something supposedly stable because eventually it should start rising again, especially with an Obama presidency a lock. I guess oil or insurance companies would be the way to go since they're all robbing us blind...

[Subdivisions]

5. CNBC has been saying we've reached a bottom for months

now. In fact, they've been saying it every couple of minutes since this crisis began.

[pitohui]

12. the stock market is a leading indicator (it does not react it predicts)

the stock market dropped going into the 2000 election, in feb. or march, and that's when i knew in my heart that "the fix was in"

the market despite an unprecedented volatility index (which means we will get unpredictable swings in both directions) is on the whole down -- since the market is a leading indicator and factors in what people think about the future, this is not good, it means either the market knows the fix is in again or the situation is so bad the market doesn't know how obama can right it

the classic example is how the stock price of american airlines and united airlines dropped on Sept TEN 2001 -- somehow the market knew something was going to happen BEFORE the event (rumors? fuckheads talking to other fuckheads? who knows?)

[2Design]

3. yes - tis is a farce - until housing comes down to meet wages

the rest of this is the same ponzi scam and they are just trying to get enough wind for the repukes to win and the taxpayer to lose
when I saw the picture with dimwit and the leaders meeting over this I thought we have the dunce guiding us over the cliff and the same bunch want to vote in more dummies like themselves

[texastoast]

4. Two things drive the market

Fear and greed. Guess who has come out to play today?

And this would have happened without a taxpayer bailout. The market will correct itself and the U.S. taxpayers will take a scheduled screwing.

[Warpy]

6. Nope, this is the rally I mentioned last week

Don't worry, Stupid is opening his piehole so it'll be a very slight one, if it holds at all. If he kept his trap shut, the market would close in positive numbers. Since he just has to shove himself in front of cameras and open his gob, that might not be the case.

However, the general trend will remain down at least until the election and possibly afterwards until the man is GONE.

The only thing that will make it rise long term is a total reversal of Reaganomics, a return to a progressive tax system and addressing the demand side of the economic equation.

Without those measures, it will go down and stay down until somebody has the guts to enact those measures.

[liquiddaddy]

7. me neither

punt!

[Kip Humphrey]

9. They'll have to fix the derivatives problem before I'll jump back in.

Until then, I'll play with my gemstones.

[Junkdrawer]

10. I'm not trolling....but I said Friday that there's a lot of quality stocks...

out there at bargain prices.

When you can make 5% DIVIDEND returns on rock-solid stocks, I think that's a bargain.

[pitohui]

13. yes that's what i said about ford motor company F

it's a shame that no one can learn from the lessons of the past, we must all lose our hard earned money ourselves before we understand reality

it paid an obscene dividend out of line w. the price of the stock

so they reduced the dividend

i don't think you are a troll, but i do think you are a person who is unable to learn from other's bad experiences and thus is happy to bring on misfortune on your own head and those of anyone else who listens to you

DIVIDENDS ARE NOT FIXED OR GUARANTEED ANY DIVIDEND OUT OF LINE OF THE MARKET WILL BE REDUCED

[Art_from_Ark]

15. Rock-solid stocks?

Like Lehman Brothers? GM? Woolworth?

[tom_paine]

11. Learn this graph...especially the Oct. 1929-Oct. 1932 part

http://www.data360.org/dataset.aspx?Data_Set_Id=393

[pitohui]

14. thanks tom nicely done

as for those who can't wait from 1929 to 1982 to earn a decent return on their money "why do you hate america?"

[AnnieBW]

16. I pulled most of my money out of Sharebuilder last week

and moved my Thrift Savings Plan money away from the Common Stock fund this weekend. Now the market's back up.

Shit.

[Neshanic]

17. But, but, we had a 24 hour depression, now we can charge things again. Paulson says so!