Is This A Bear Market (DOW going down)? - GoFuckYourself.com

Vendot · 03-15-2011, 04:33 AM

DOW Looks Like 200 Pts Down Today

Futures indicate a big fall. Is it a good time to pick up some bargains or is this drop gonna extend, baring in mind that Japans issues are far from over, there's still major issues in the middle east and some european country debt coming up to mature on Friday.....

Is this gonna be an extended bear market? Whats your view?

Barry-xlovecam · 03-15-2011, 04:59 AM

It may just be a "knee jerk" reaction to the news events of late ...

All the markets, in particular stocks and precious metals, IMHO, are over bought, inflated and highly speculative right now.

.

haeslich · 03-15-2011, 05:06 AM

Top 25 financial analysts predict gold at 1650 by the end of the year (averaged prediction amongst the 25 of them). Being it is a negative reciprocal to the dollar, and the overwhelming opinion the dollar won't be fixing itself anytime in the near future, the current administration's track record with wrecking the dollar, and all the stacking global instability...

I would look to diversify your portfolio with a minimum of 5% upwards of 25% into precious metals. Keep in mind, people have been claiming gold and metals were overinflated for the last 10 years, and with a steady yearly growth average of about 27.6% per year, don't hesitate to hedge against the dollar with tangible assets.

Just my opinion.

Davy · 03-15-2011, 05:19 AM

A crisis is always a good time to buy. Once Japan is cleaned up, their stock will go up as well.

strobi · 03-15-2011, 05:21 AM

In my opinion. Get out of stocks. I 200% shorted the nasdaq and SP500 about 2 weeks ago, and see a correction of at least 20-30% comming. I would sell all your positions, ride it out a few months, and in the mean time, keep loading up on gold for the long term!

The stock market's recovery has been insane the last 2 years.

sponsorpimp · 03-15-2011, 05:38 AM

Quote:

Originally Posted by haeslich

Top 25 financial analysts predict gold at 1650 by the end of the year (averaged prediction amongst the 25 of them). Being it is a negative reciprocal to the dollar, and the overwhelming opinion the dollar won't be fixing itself anytime in the near future, the current administration's track record with wrecking the dollar, and all the stacking global instability...

I would look to diversify your portfolio with a minimum of 5% upwards of 25% into precious metals. Keep in mind, people have been claiming gold and metals were overinflated for the last 10 years, and with a steady yearly growth average of about 27.6% per year, don't hesitate to hedge against the dollar with tangible assets.

Just my opinion.

Good advice, Silver is another surging precious metal

CaptainHowdy · 03-15-2011, 05:42 AM

SomeCreep · 03-15-2011, 08:59 AM

Quote:

Originally Posted by Vendot

DOW Looks Like 200 Pts Down Today

Futures indicate a big fall. Is it a good time to pick up some bargains or is this drop gonna extend, baring in mind that Japans issues are far from over, there's still major issues in the middle east and some european country debt coming up to mature on Friday.....

Is this gonna be an extended bear market? Whats your view?

Remember, that it's in the best interest for news organizations to make the "news" seem as dramatic as possible. In the end, they're just big corporations seeking profits and the more people who listen to their news, the more money they make. So don't ever believe things are as bad as the news makes them seem.

Now, with that in mind, also note that there always has been and always will be "major issues in the middle east," so ultimately, markets don't care about that.

Also, US corporations will still be generating a whole lot of profits regardless of other countries debt.

Smart people know not to sell in panic. However, money managers are subject to politics and bureaucracy, so they are forced to sell even though they know it's not wise. Ultimately, they are responsible for other people's money. People who panic when they hear the word "disaster" on the news and want their money back. This is why the market goes down so much. This dip is a classic text book example of a buying opportunity. In the long term, natural disasters always always create buying opportunities. Market will be bearish for a few days, maybe a few weeks, but sooner or later the Japan Disaster story will grow old and not entice viewers. The media will move on and so will Wall Street, in the form of higher stock prices.

Vendot · 03-15-2011, 09:08 AM

Quote:

Originally Posted by SomeCreep

Smart people know not to sell in panic. However, money managers are subject to politics and bureaucracy, so they are forced to sell even though they know it's not wise. Ultimately, they are responsible for other people's money. People who panic when they hear the word "disaster" on the news and want their money back. This is why the market goes down so much. This dip is a classic text book example of a buying opportunity. In the long term, natural disasters always always create buying opportunities. Market will be bearish for a few days, maybe a few weeks, but sooner or later the Japan Disaster story will grow old and not entice viewers. The media will move on and so will Wall Street, in the form of higher stock prices.

I was asking for opinions, not "Captain Obvious"

qwe · 03-15-2011, 09:30 AM

Quote:

Originally Posted by strobi

In my opinion. Get out of stocks. I 200% shorted the nasdaq and SP500 about 2 weeks ago, and see a correction of at least 20-30% comming. I would sell all your positions, ride it out a few months, and in the mean time, keep loading up on gold for the long term!

The stock market's recovery has been insane the last 2 years.

ya ok, you shorted right when markets hit the top?

strobi · 03-15-2011, 09:49 AM

Quote:

Originally Posted by qwe

ya ok, you shorted right when markets hit the top?

Sure, could be just plain luck... we'll wait and see.

I'll be buying uranium mines in about 2-3 weeks for your information.

Will report back in a few years lol

03-15-2011, 04:33 AM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Is This A Bear Market (DOW going down)? DOW Looks Like 200 Pts Down Today Futures indicate a big fall. Is it a good time to pick up some bargains or is this drop gonna extend, baring in mind that Japans issues are far from over, there's still major issues in the middle east and some european country debt coming up to mature on Friday..... Is this gonna be an extended bear market? Whats your view?

03-15-2011, 04:59 AM	#2
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	It may just be a "knee jerk" reaction to the news events of late ... All the markets, in particular stocks and precious metals, IMHO, are over bought, inflated and highly speculative right now. .

03-15-2011, 05:19 AM	#4
Davy Confirmed User Industry Role: Join Date: Apr 2006 Location: Germany Posts: 4,323	A crisis is always a good time to buy. Once Japan is cleaned up, their stock will go up as well. __________________ --- ICQ 14-76-98 <-- I don't use this at all

03-15-2011, 05:42 AM	#7
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 92,224	__________________ Enroll in the SWAG Affiliate Asian Live Cam Program and get 9 free quality link-backs! Get those links up ASAP! --> TJEEZERS.Cam. Setup in 48 Hours max.

03-15-2011, 05:06 AM	#3
haeslich Registered User Industry Role: Join Date: Mar 2011 Posts: 2	Top 25 financial analysts predict gold at 1650 by the end of the year (averaged prediction amongst the 25 of them). Being it is a negative reciprocal to the dollar, and the overwhelming opinion the dollar won't be fixing itself anytime in the near future, the current administration's track record with wrecking the dollar, and all the stacking global instability... I would look to diversify your portfolio with a minimum of 5% upwards of 25% into precious metals. Keep in mind, people have been claiming gold and metals were overinflated for the last 10 years, and with a steady yearly growth average of about 27.6% per year, don't hesitate to hedge against the dollar with tangible assets. Just my opinion.

03-15-2011, 05:21 AM	#5
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	In my opinion. Get out of stocks. I 200% shorted the nasdaq and SP500 about 2 weeks ago, and see a correction of at least 20-30% comming. I would sell all your positions, ride it out a few months, and in the mean time, keep loading up on gold for the long term! The stock market's recovery has been insane the last 2 years.