Boy, it's a good thing I loaded up on financial stocks last time they dipped figuring they were bound to go back up. WRONG!

I'm depositing your money annnnd.... it's gone.

Everybody panic?

Land Ark: Boy, it's a good thing I loaded up on financial stocks last time they dipped figuring they were bound to go back up. WRONG!

They'll dip and rebound some more. If you got some good ones on the cheap then just hold them. They may (probably) will get even cheaper, but if you bought solid companies then they will rebound. I bought Halliburton at the bottom during the BP oil spill, and they came back from that. It is the same here. If you bought Bank of America though, or some of the European banks, well, things may not be so pretty.

Greece pretty much must default somehow. I'm not sure how long they all need to drag this out, but the sooner we get it over with, the better. Well, unless Spain, Italy, etc. decide to throw in the towel too, then it'll get ugly. But the market gyrations are not going to stop until, at the least, Greece is dealt with.

Rain-Monkey: I'm not sure Subby read or understood the article.

I'm hoping he was going for satire.

If so...good call subby.

I love it when some dumbass technical chart reader casts his chicken bones and then gets his face rubbed in his dumbassery by the markets the very next day.

/it's a grizzly cub methinks

Sun Worshiping Dog Launcher: Land Ark: Boy, it's a good thing I loaded up on financial stocks last time they dipped figuring they were bound to go back up. WRONG!

They'll dip and rebound some more. If you got some good ones on the cheap then just hold them. They may (probably) will get even cheaper, but if you bought solid companies then they will rebound. I bought Halliburton at the bottom during the BP oil spill, and they came back from that. It is the same here. If you bought Bank of America though, or some of the European banks, well, things may not be so pretty.

Greece pretty much must default somehow. I'm not sure how long they all need to drag this out, but the sooner we get it over with, the better. Well, unless Spain, Italy, etc. decide to throw in the towel too, then it'll get ugly. But the market gyrations are not going to stop until, at the least, Greece is dealt with.

...weeeeell, I figured the whole Greece thing would work out in the end and people were just being too pessimistic - and then there was talk of the deal going through and all would be fine. So I staretd buying NBG shares.
That was at $1.35, then again at $1.14, and finally, "for sure this time!" at $0.60.
I also scooped up bargains in BAC and ING around the same time.

But, just to save face and prove I'm not a total Rtard, I also bought BP on the day it bottomed out and PCLN at $204 last year. I've since sold both.

I should have stuck with my gut when I sold everything off in August.

"If you believe what we experienced was a bottom at the 1099 level, and that it was therefore a near miss or a "baby bear" market, depending on closing or intraday prices, then history suggests but does not guarantee that we could have a pretty nice move over the next 12 months."

Hells bells, man, I'm glad you cleared THAT up.

misterfweem: "If you believe what we experienced was a bottom at the 1099 level, and that it was therefore a near miss or a "baby bear" market, depending on closing or intraday prices, then history suggests but does not guarantee that we could have a pretty nice move over the next 12 months."

Hells bells, man, I'm glad you cleared THAT up.

Wait until next year. If the market goes up, that equivocal weaselly statement will become, "As I predicted last year ...".

Land Ark: Sun Worshiping Dog Launcher: Land Ark: Boy, it's a good thing I loaded up on financial stocks last time they dipped figuring they were bound to go back up. WRONG!

They'll dip and rebound some more. If you got some good ones on the cheap then just hold them. They may (probably) will get even cheaper, but if you bought solid companies then they will rebound. I bought Halliburton at the bottom during the BP oil spill, and they came back from that. It is the same here. If you bought Bank of America though, or some of the European banks, well, things may not be so pretty.

Greece pretty much must default somehow. I'm not sure how long they all need to drag this out, but the sooner we get it over with, the better. Well, unless Spain, Italy, etc. decide to throw in the towel too, then it'll get ugly. But the market gyrations are not going to stop until, at the least, Greece is dealt with.

...weeeeell, I figured the whole Greece thing would work out in the end and people were just being too pessimistic - and then there was talk of the deal going through and all would be fine. So I staretd buying NBG shares.
That was at $1.35, then again at $1.14, and finally, "for sure this time!" at $0.60.
I also scooped up bargains in BAC and ING around the same time.

But, just to save face and prove I'm not a total Rtard, I also bought BP on the day it bottomed out and PCLN at $204 last year. I've since sold both.

I should have stuck with my gut when I sold everything off in August.

Link (new window)

Link (new window)

These guys have been very good at spotting this kind of stuff.

Sun Worshiping Dog Launcher: Greece pretty much must default somehow.

Uh...yup. The interest rate on their bonds is currently at 205%. There's no farking way they can NOT default.

Yeah, ignore the whole macro global economy and use past history to guess the market. I'm right behind you.

StoneColdAtheist: Sun Worshiping Dog Launcher: Greece pretty much must default somehow.

Uh...yup. The interest rate on their bonds is currently at 205%. There's no farking way they can NOT default.

20.5%? The 10 year bond is at 24%

Brontes: StoneColdAtheist: Sun Worshiping Dog Launcher: Greece pretty much must default somehow.

Uh...yup. The interest rate on their bonds is currently at 205%. There's no farking way they can NOT default.

20.5%? The 10 year bond is at 24%

I should have been more specific..their one year rate.

Greek 1-Year Bond Yield Hits 205% (new window)

video man: Yeah, but those bonds have worse-than-Vegas odds.

Exactly my point...they're going to default.

When you read an article that says 'The bear market that stalked stocks into early October may just have been a cub, and that could mean the market is in for more months of gains.'

If you think they are absolutely correct in their prediction, you need to move to Florida.

TFA:
"Since 1945, there have been four "severe" corrections in the 15 to 20 percent range, and four baby bear markets-declines of 20 to 25 percent."

OOooou, so N=4? That sounds statistically significant enough to risk everything I own and buy, buy,buy, regardless of shaky global macro economics.

EdTheHead: TFA:
"Since 1945, there have been four "severe" corrections in the 15 to 20 percent range, and four baby bear markets-declines of 20 to 25 percent."

OOooou, so N=4? That sounds statistically significant enough to risk everything I own and buy, buy,buy, regardless of shaky global macro economics.

I agree. I'm selling my home and investing in Greek Bonds and Bank of America.

Norad: Rain-Monkey: I'm not sure Subby read or understood the article.

Read the completely inaccurate headline again. You can be sure.

*ahem*

"That bear market may have only been a cub, which means everyone can expect it to lose for the next 100+ years "



EdTheHead: TFA: "Since 1945, there have been four "severe" corrections in the 15 to 20 percent range, and four baby bear markets-declines of 20 to 25 percent."

1945: the last year the Cubs were in the World Series.

Coincidence? I THINK NOT