Stock market dip... A Buying Opportunity?
 

is this just the correction many were calling for or a sign of worse things to come?

bump bump

Great question, I think it's a great time to buy. But that's just me. I've been watching it and it's still going down as of 2-3 weeks straight.

huge meltdown on the way:thumbsup:thumbsup:thumbsup:thumbsup

I second that. I was just reading Paul Elliot's article where he thinks the Dow is headed below 6500 and soon.

http://finance.yahoo.com/banking-bud...&asset=&ccode=

hot money has got to go somewhere....you know what im saying

any insight behind that or just speculation?

great time to buy now, not much has changed since last month, it's just traders driving the market lower... it will rebound in the near future :thumbsup

It will go down more. How much is the question. Right now WHERE would you put your money? The low/non-existent return from cash might keep money in the market that would normally go toward safer investments thus keeping the market higher than it should be. Last rally being an example.


.

My prediction this year - Europe's financial system will crash, U.S. residential foreclosures will continue to rise at an alarming pace, and we'll begin to see commercial foreclosures, something we haven't experienced yet and that dwarf the size of residential mortgage debt. By end of year, early 2011, I see lower market below 2008 levels. Unless you're shorting or buying puts, you'll be just going along for the drop.

+1

next major stop is the area of the 1987 crash 2000-2700/DJIA, 225-335/ SPX. Doh!

Its a great time to buy or sell

2 things to watch

EU and China

USW corps are better off now then they have been in years cash flow wise. but they havnt started hiring full scale yet

many variables at work here. could go either way.

im a buyer in the next few weeks i think.

Good luck Forest... Short-term I would sell more on a small bounce into June 2nd (+/- a day) and look for more weakness into July before a bigger bounce takes hold.

The bottom line is that the world is de-leveraging from a massive credit expansion. When credit contracts, it is deflationary. The party is over until all the excesses get washed away.

As fast as wealth was created out of thin air, so it will disappear!

one of the smartest guys i know in relation to many things! :thumbsup

hope your well dude

wow... thanks for the compliment, amigo!

I hope this finds you well, too!

I also hope that whatever lies ahead economically, we all make out!!!

just bought a house in Utah and im stock piling it with canned goods

:1orglaugh:1orglaugh:1orglaugh

Go all in :winkwink:

seems to be market jitters at the moment, traders looking for "negativity" to curb the expansion this spring.
personally buying some quality stocks but not ALL IN type trading, a few quality long holds.

does the phrase

"sell in may and go away" apply here? could that be all this is?

Utah, huh? Can't say I pictured you there.

Congrats on your new home. I trust you are getting settled in well.

I'm 5 months into a new home I bought in Panama in 2007. Hard to believe it took that long to build, I know. :1orglaugh

ive been renovating the house for the last 2 weeks and i cant imagine the stress in building one LOL

its just a vacation house for now. Im a huge skier and im 8 miles from Snowbird so perfect spot for winter get a ways!

we should house swap sometime LOL ;). This place is amazing in the summer.

I'd say it's time for the money changers to steal the remainder of everyone's life savings. Get out of stocks and the bank and buy some farm land.. The casino is closing down.

It occurred to me you might be into skiing. Great place for that.

Where's your main residence? Florida? I seem to remember you traveling around for a while.

LMK if you ever get a wild hair to come down to Panama and I will hook you up! :)

yeah s. fl is still home (for now lol) its amazing here in utah. People are a bit odd but country is amazing

ill def hit you up. always wanted to see panama!

Hell of a market turn around today. I could have mad some money on AAPL if i had bought it this am and sold this afternoon

ahh trading is always so hindsight LOL

I have some great friends here in Panama from Utah. He is a retired Fire Captain. They are always inviting me back for some fun in the snow. Maybe I'll take them up on it now that my son can enjoy the slopes, too.

I'm not a day trader, but yeah it came back today. Hopefully it extends the rally into June 2nd so I can add to my shorts! :thumbsup