Stock Market Thread

[Ole]

I can't really talk about this on a public forum but you should always insure your portfolio, like you do your car, home, life etc. Someone on here knows my strategy that has worked extremely well. Maybe they can 'splain it.

[WRXtranceformed]

I'm actually making the switch into a management position with a life and health company within the next month, so I'll have access to this type of protection. I won't be licensed in VA yet but after I'm set up in NC it's an easy process to get my VA license as well.

[Ole]

Not that type of protection, it does not involve an insurance company.

[Steve85]

Hedging? Perhaps short an index tracking fund so when the index goes down you lose the value of the securites but you cash in on the derivative.

Like farmers with corn who buy futures to lock in a price well before the harvest. When they take the corn to market they will gain/lose on the actual sale and have an off-setting gain/loss when they get out of their futures position.

Close?

[BLINGMW]

well happy damn monday to you too market! :mrgreen: :mrgreen:

[Apoc]

Not that type of protection, it does not involve an insurance company.

Well then not quite like your car or life, eh?

well happy damn monday to you too market! :mrgreen: :mrgreen:

Now think if you sold high and bought low! We're all losing moneyyyyyy!!2121

[Evan]

dammit, if I had bought the stock I was planning on over the weekend I would have been up over 10% in one day

[Mike]

i was seriously considering buying some ford this am. i would have sold it already. fuck.

[WRXtranceformed]

I read this article a while back, that said that Microsoft employs more millionaire secretary's that any other company in the world. They took stock options over Christmas bonuses. It was a good move. I remember there was this picture, of one of the groundskeepers next to his Ferrari. Blew my mind. you see shit like that, and it just plants seeds, makes you think its possible, even easy. And then you turn on the TV, and there's just more of it. The $87 Million lottery winner, that kid actor that just made 20 million o his last movie, that internet stock that shot through the roof, you could have made millions if you had just gotten in early, and that's exactly what I wanted to do: get in. I didn't want to be an innovator any more, i just wanted to make the quick and easy buck, i just wanted in. The Notorious BIG said it best: "Either you're slingin' crack-rock, or you've got a wicked jump-shot." Nobody wants to work for it anymore. There's no honor in taking that after school job at Mickey Dee's, honor's in the dollar, kid. So I went the white boy way of slinging crack-rock: I became a stock broker.

[Ole]

Not that type of protection, it does not involve an insurance company.

Well then not quite like your car or life, eh?

Its the concept silly boy hock: , you dont get any advantage from it until you need it.

[HAULN-SS]

heh, as of yesterday, my portfolio was back up to about -2%, what a difference a day makes. I am sure when today is done i might be back in the far negatives

[Dave]

heh, as of yesterday, my portfolio was back up to about -2%, what a difference a day makes. I am sure when today is done i might be back in the far negatives

better go back and check it as of today then... The huge spike from Monday was pretty much eradicated over the past two days.

[BLINGMW]

last chance to get aapl below 100 before it tanks to 50 and they buy it all back! :lol:

[Mike]

last chance to get aapl below 100 before it tanks to 50 and they buy it all back! :lol:

fuuuucking. i didn't follow at all yesterday.

[WRXtranceformed]

Warren Buffet is going to own this entire country.

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The company I'm about to work for is owned by one of his companies, so I guess that makes me feel good!

"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," said Buffett.

I WISH I had the kind of liquidity he has to invest right now... that guy is going to dominate when the market rebounds.

[Ole]

"Hang on baby Jesus, its about to git bumpy" - Ricky Bobby

[Dave]

"Hang on baby Jesus, its about to git bumpy" - Ricky Bobby

Perfect quote!

[BLINGMW]

GOOOOOOOOOOOOOOO

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[Dave]

GOOOOOOOOOOOOOOO

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hahaha
I hate to be the pessimist, but I think we've still got a bit of bear country to travel. We'll prob see a couple days of good weather (yesterday was good, but only made up for the past week despite being one of the biggest single-day increases in history) because of people feeling good about yesterday and a possible Fed rate cut, but in general I think we'll still see a downward trend for another month or more before we'll really hit bottom. I'd also expect the rest of this week to be a big sell-off for mutual funds to try to make the most of this spike before they close the books for their year on 10/31. Most of that selling has already occurred, but some of it might be sitting out there still.
Retailers will get slaughtered this coming quarter b/c they typically count on good Christmas sales, but with unemployment up and everybody tightening their budgets, the spending just isn't going to happen. Wal-mart is the only retail company that I would bet on having a chance at doing well.

[BLINGMW]

GAH shut up Dave you ruined it all in the last 10 minutes!!