Stocks and Trading Thread - Channeling your inner Mono

[alfred russel]

The S&P 500 futures are down another 2.5%. We are still quite a bit up on the recent past, so valuations aren't super attractive yet (the valuations could act as a floor). I wonder if we get a piece of really bad news if we don't crash out.

[Tonitrus]

Meh, I think I am just gonna let my modest IRA holdings ride the roller coaster. 

Not due to retire for another decade or so anyway.

That, and if there's a real super-panic, I'll probably be among the jack-booted thugs shooting up food riots anyway.

[MadImmortalMan]

Get ready for the next round in the morning. 

[Tamas]

With impending doom, is there no way I could open an account (to buy some stocks n' stuff online once the storm passes) in the US? Last fuckin' thing I want is to have my money on Hungarian accounts when we crash and burn. The government already nationalized the pension accounts, who knows what will happen to savings?

[Ed Anger]

I wake up, and things seem a bit more....stable.

[Tamas]

I wake up, and things seem a bit more....stable.

They are waiting for the regular "everything is under control" speech from Bernanke, to rally. Then crash again.

[Ed Anger]

I wake up, and things seem a bit more....stable.

They are waiting for the regular "everything is under control" speech from Bernanke, to rally. Then crash again.

I bet 6 quatloos it stays positive today. Of course, I'm not putting anything into this market.

[Martinus]

Europe is beginning to show some signs this tumble may be deccelerating. London, Paris and several other indices are in the green, and DAX is down "only" by 1.5%. Only Russia seems to continue tumbling down, with a 5% loss today.

Warsaw is minus 3.2.

[Martinus]

Crap, FTSE just went into red again.

[Tamas]

Relax, everything major happens in the US. European markets are just copycats almost all the time.

[Martinus]

Relax, everything major happens in the US. European markets are just copycats almost all the time.

Actually, no. I don't think the last few days are a result of a rational downturn in the economy. So what matters is not what is really happening, but the perception. Having Europe as a sort of green haven among the world of storms will mean investors will not withdraw money from (say) Poland (I know it makes little sense, but yeah they tend to look at the entire Europe as one), which is good for my job.

[Tamas]

Relax, everything major happens in the US. European markets are just copycats almost all the time.

Actually, no. I don't think the last few days are a result of a rational downturn in the economy. So what matters is not what is really happening, but the perception. Having Europe as a sort of green haven among the world of storms will mean investors will not withdraw money from (say) Poland (I know it makes little sense, but yeah they tend to look at the entire Europe as one), which is good for my job.

What I am saying is that it is pointless to see things into what is happening today by the hour. The federal bank's prez will speak tonight. The markets will react positively, unless Bernake thinks it is time to let it fall, then markets will resume loitering, until some other predictable bad news make them fall.

I saw this happening a lot of time in recent years. The "fed speech stops the fall" thing is like clockwork. I guess the real fall will begin when this won't be true.

[MadImmortalMan]

Where did my crash go? I was just making a crapload of crash money and now it's gone. Boo. 

[DGuller]

What's the most efficient way to short gold in the long term?  I'm thinking that buying puts in the gold ETF, like GLD, would be that, but are there better ways?

[Tamas]

You are welcome, Marty.

The only times my predictions are bad are when I actually put real money behind them, which I did not do this time.