The Dow tomorrow: Predictions?

#226
#226
How long you guys predicting the bear, aka the recession will last? What I read is 6 to 9 months
 
#227
#227
oklavol said:
How long you guys predicting the bear, aka the recession will last? What I read is 6 to 9 months
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we've been in it for quite some time.

I think the catalyst for change is Obama's inauguration. I believe the general tenor of the news will change for the positive because of the optimism from the left about the potential Obama represents. Their reasoning is pure trash, but their march toward more positive slants will move the psychology of the consumer and that's what this market has to have.

Starts late January, but takes a year to kick in.
 
#228
#228
BigPapaVol said:
we've been in it for quite some time.

I think the catalyst for change is Obama's inauguration. I believe the general tenor of the news will change for the positive because of the optimism from the left about the potential Obama represents. Their reasoning is pure trash, but their march toward more positive slants will move the psychology of the consumer and that's what this market has to have.

Starts late January, but takes a year to kick in.
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I think that's spot on BPV.
 
#229
#229
droski said:
i wouldn't buy anything, but term insurance. you'd be far better off taking the difference in premiums and investing the money than you would with a 3-5% guaranteed return. the fees with whole life are truly amazing. the guy who sold it to you now probably has a new HD tv.
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The reason why I bought it was because I have enough in the stock market. I have core positions of blue chips and I have small positions of more speculative stocks and then I trade ultra etf's. So I feel that I have enough trying to get blue chip returns and trying to swing for the fences, so why not get a whole life policy where I have a nominal death benefit and I get to put some $ away and get a guaranteed return along with a dividend. Then when I am old I can use that cash value to guarantee income. I feel like it is a cd with some benefits

Another reason why I bought this was I recently reviewed my grandma's (who survived the great depression) financials and she had a very basic portfolio of cd's, muni bonds, corporate bonds individual stocks both common and preferred, and a whole life policy. My theory is that we should get back to the basics of investing. Forget owning some mutual fund where god only know what's in it.

Call me crazy but I think its time to take back our money and know what it is we exactly own (only unless you have the time, energy, and smarts. If not then leave it to the pros)

Agree-disagree-discuss
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#230
#230
I wouldn't own preferreds under any circumstances unless you are gambling with the 10+% bank preferreds today. depends on your age, but personally i'd rather have that money available to me while i live. if you don't want to invest in the stock market you can easily get 3-4% tax free on munis which probably have a lower historical default rate than whole life companies. personally i don't think anyone under the age of say 50 should be in anything but 100% stocks, but obvioulsy that strategy the last 10 years doesn't seem great. my $.02.
 
#236
#236
considering the HORRIBLE jobs report and the idiots in washington all over cnbc it's a very bullish sign that the market is only down 160 points. i wouldn't be surprised to see a rally at the close.
 
#237
#237
I agree guys with the numbers that came out today. Im not sure if folks want to buy and hold over the weekend, but I would like to see a upward move towards the close.
 
#246
#246
Today's gains put me up $3.00 a share on XLF...wish I had more to put in it when I did...but at least I caught a ride on that train.....my wife has a fair amount of volatility in her job so we're trying to make sure we balance between stable emergency funds and putting money in the down market.

...now...if the index funds I purchased will finally start making some gains (I know...eventually....). I wish I had the know-how and time to take advantage of the large gains we see day to day - my problem is that I don't know enough to avoid the downs, so I just sunk most of my money in market-wide indexes and then some long financials...we'll see how it goes...
 
#247
#247
TennTradition said:
Today's gains put me up $3.00 a share on XLF...wish I had more to put in it when I did...but at least I caught a ride on that train.....my wife has a fair amount of volatility in her job so we're trying to make sure we balance between stable emergency funds and putting money in the down market.

...now...if the index funds I purchased will finally start making some gains (I know...eventually....). I wish I had the know-how and time to take advantage of the large gains we see day to day - my problem is that I don't know enough to avoid the downs, so I just sunk most of my money in market-wide indexes and then some long financials...we'll see how it goes...
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let me know when you find the guy who has that figured out.
 
#248
#248
BigPapaVol said:
let me know when you find the guy who has that figured out.
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:) ... good point...

How's this....I don't know enough to even TRY to get in and out to ride a few ups and avoid some downs...I'll just hope a rising tide raises my ship too as long as I've got one on the water....
 
#249
#249
Not a good day today and the FUT. doesn't look good for the AM. (-185 DOW). How about Bernard Madoff, wow...FRAUD?
 
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