12%ayear's Account Talk

[airlift]

Hello 12%,

Let's hope for it. CNBC people are saying that the European countries are on the road to taking similar actions as the U.S. to rescue the situation and stop the bleeding. Although they are yet to get some clear concerted action, this provides some reason to see the light at the end of the tunnel. Moreover, a U.S. analyst stated on CNBC European Power Lunch that the actions taken in the U.S. are in front of the curve in relation to Europe, which lends support to the idea that the USM will most likely recover before the rest of the world does. Many of us are 100% in the stock funds, so this should soothe the pain a bit. I pray for a good bounce and wish the best of luck to all!

 

[Fireant]

Airlift I feel for you but don't you think this is going to take quite a while to unravel... I mean I'm down 13% for the year and none to happy but I feel fortunate because it could have been worse and I feel some serious PAIN is coming between now and the end of the year... I keep thinking maybe we are at the bottom and we keep sinking further... I thought Buffett buying in meant we were close to the bottom yet not sure now... hang tough... DA FIREANT

 

[airlift]

Yes, we are in a bear market, but bear markets usually produce furious short term rallies to be sold. Much has to do with expectations, hope and emotions. The downturn in the economy is very, very serious and we will probably have a bad 4th quarter Holiday season. But long term investors could be looking patiently at investing in front of the recovery because this has been quite a downturn. And shorter term investors could take advantage of short term bounces in a bear market. We have to define our personal goals and take risks accordingly. Good Luck!

Airlift I feel for you but don't you think this is going to take quite a while to unravel... I mean I'm down 13% for the year and none to happy but I feel fortunate because it could have been worse and I feel some serious PAIN is coming between now and the end of the year... I keep thinking maybe we are at the bottom and we keep sinking further... I thought Buffett buying in meant we were close to the bottom yet not sure now... hang tough... DA FIREANT

 

[Show-me]

look for a interest rate cut today

I was going to say that.

 

[presskh]

What's 12%'s take on the markets?

 

[DCguy]

Cramer and Goldman Sachs CEO both predicted there's great possibility that Dow will drop below 8k

 

[Viva_La_Migra]

Cramer and Goldman Sachs CEO both predicted there's great possibility that Dow will drop below 8k

That means that the market will rally to 11000. At least I hope so!

 

[12%ayear]

After looking at the OSMs tonight and the futures this morning, I am calling a bottom. The Fed will cut rates this week and we are going to see a mega rally until the end of the year. Too many bearish talkingheads are a great sign like Cramer. Looking for a huge rally today. We are going to enter a new Bull Market very soon. The sky is not falling.

 

[airlift]

Man, I hope you are right with a rally. I'm losing my shirt in this drip down process, thanks in great part to the IFT restrictions that have forced me to either go to G, watching from the sidelines when a rally occurs, or limit myself to DCA with a long term perspective....

 

[airlift]

12%,
You seem to be clairvoyant! Great! CNBC just announced that the FED did cut rates overnight. Cash futures are markedly positive! There has been a coordinated rate cut in Europe.

 

[12%ayear]

After looking at the OSMs tonight and the futures this morning, I am calling a bottom. The Fed will cut rates this week and we are going to see a mega rally until the end of the year. Too many bearish talkingheads are a great sign like Cramer. Looking for a huge rally today. We are going to enter a new Bull Market very soon. The sky is not falling.

There is the cut!! lol

 

[12%ayear]

12%,
You seem to be clairvoyant! Great! CNBC just announced that the FED did cut rates overnight. Cash futures are markedly positive! There has been a coordinated rate cut in Europe.

thanks

 

[McDuck]

CNBC just announced that the FED did cut rates overnight.

Cut rates are not going to stop the crash. They were part of the problem that we are in.

 

[McDuck]

U.S. stock index futures down 2.7-3.2 percent.

 

[Guest2]

As of 7:37am US Futures are up as follows;

DOW+1.31%
NAS+2.32%
S&P+2.23%

What are you looking at ?

 

[12%ayear]

Cut rates are not going to stop the crash. They were part of the problem that we are in.

This is a different type of environment. When Greenspan did it, he created a lending Ponzi Scheme, where lenders were loose. Now times are tough and lenders are tight. The cut is very good and needed, inflation is very tame now. Oil is dropping like a rock and the US DOLLAR is stronger to support this cut. Look for megarally until the end of the year.

 

[Minnow]

inflation is very tame now.

everything else you said I can agree with ... not this.

so make a 20% up day and all is forgiven.

 

[Guest2]

Look for a mega rally until the end of the year.

Definately a Bear Rally is way past due as the Oversold conditions
are huge. But a Rally until the Years end, I disagree.

 

[Guest2]

everything else you said I can agree with ... not this.

so make a 20% up day and all is forgiven.

Once we see the money flow back into the banks, and the policies
implimented take hold, Inflation will be the next Great Battle (IMHO).

 

[12%ayear]

Once we see the money flow back into the banks, and the policies
implimented take hold, Inflation will be the next Great Battle (IMHO).

Oil and the US Dollar are the keys to recovery. Need lower fuel cost and a stronger US DOLLAR to keep commodity prices in check. This will offset inflation. That being said, you then can raise rates. The world is now cutting rates, which is great for the US DOLLAR. Too many bears is another indicator. This is the reset button for a Bull Market.