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Dr. Bob is Robert Hsiung, MD,
bob@dr-bob.orgShown: posts 1 to 7 of 7. This is the beginning of the thread.
Posted by linkadge on August 4, 2011, at 21:26:13
Some are predicting a major crash. I wonder if this will happen tomorrow. Perhaps I should pull my money :)
Linkadge
Posted by SLS on August 4, 2011, at 22:05:40
In reply to Will the markets plummit tomorrow?, posted by linkadge on August 4, 2011, at 21:26:13
> Some are predicting a major crash. I wonder if this will happen tomorrow. Perhaps I should pull my money :)
>
> LinkadgeBy the time the U.S. Congress passed the increase in the debt ceiling, the damage was already done.
Some economic experts consider the recent losses in the NYSE to be a market correction that will reverse itself once someone calls for buy orders. On the other hand, the self-destructive behavior of the House of Representatives has unnecessarily created a bear market as more and more people divest themselves of their stock positions out of a fear of the unknown.
- Scott
Posted by linkadge on August 5, 2011, at 8:04:41
In reply to Re: Will the markets plummit tomorrow? » linkadge, posted by SLS on August 4, 2011, at 22:05:40
I guess the temptation to sell is based on a fear that bigger losses are coming. Of course you can't correct for the losses that have already occured but perhaps you can minimize losses by getting out before real turmoil.
Whenever you see stocks drop in price you wonder whether the stock is now undervalued or reflects a more accurate in price.
Linkadge
Posted by SLS on August 5, 2011, at 11:01:20
In reply to Re: Will the markets plummit tomorrow?, posted by linkadge on August 5, 2011, at 8:04:41
> I guess the temptation to sell is based on a fear that bigger losses are coming. Of course you can't correct for the losses that have already occured but perhaps you can minimize losses by getting out before real turmoil.
>
> Whenever you see stocks drop in price you wonder whether the stock is now undervalued or reflects a more accurate in price.
>
>
> Linkadge
The stock market is like a horse race. The prospectus is the racing form, and the race is fixed by those who have inside information.
- Scott
Posted by sigismund on August 5, 2011, at 17:08:26
In reply to Re: Will the markets plummit tomorrow? » linkadge, posted by SLS on August 4, 2011, at 22:05:40
They seem to be saying that the explosion of private sector debt became government debt (bailout) which became a bank liability through banks holding government bonds, and it is all being shuffled around maybe it is like pass the parcel again.
It would be nice to have some Ritalin so I could think properly.
I can't get over a sense of anger that after the wars and bailouts, it is ordinary people who are meant to take the rap.
What else is new etc etc.
Posted by Phillipa on August 6, 2011, at 0:05:10
In reply to Re: Will the markets plummit tomorrow?, posted by sigismund on August 5, 2011, at 17:08:26
I heard it rallied a bit today. Phillipa
Posted by larryhoover on August 7, 2011, at 4:15:44
In reply to Re: Will the markets plummit tomorrow?, posted by SLS on August 5, 2011, at 11:01:20
> The stock market is like a horse race. The prospectus is the racing form, and the race is fixed by those who have inside information.
>
>
> - ScottAs a director of one public corporation, a director of another in the IPO phase, and a director of two corporations yet to IPO, I can attest that it is financial suicide to trade on insider information, or to become a source for same. That said, there are bad apples in any sector of life.
It does help to develop connections in the industry, however, as there is information that can be gleaned that might influence an investment decision that is not considered to be material (i.e. the criterion for insider information).
I've not had internet access this week, during all the market swings, but I think the biggest problem going forward is the downgrading of the Fed's credit rating, which if I'm not mistaken, occurred after market close on Friday. There may be a massive dumping of U.S. securities on Monday at the bell.
Lar
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