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(AP)   Stock market improves from "photos of sad traders" to "photos of excited traders"   (hosted.ap.org) divider line
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1381 clicks; posted to Business » and Main » on 14 Oct 2008 at 12:09 PM (14 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



33 Comments     (+0 »)
 
Sin_City_Superhero
2008-10-14 12:13:13 PM  
Is it wrong that I still want them to jump?
 
deebee230
2008-10-14 12:13:33 PM  
What is funniest about these photos is that next to nobody trades on the floor anymore. There is no point.

What you need to capture the real essence of stock trading now is some guy with an 8 monitor arm smashing his keyboard all over the place with keys flying everywhere.

Then they are close.
 
icstepec
2008-10-14 12:14:41 PM  

deebee230: What is funniest about these photos is that next to nobody trades on the floor anymore. There is no point.

What you need to capture the real essence of stock trading now is some guy with an 8 monitor arm smashing his keyboard all over the place with keys flying everywhere.

Then they are close.


I want to work for that IT department.

/hmm...
 
BullsHitter
2008-10-14 12:18:24 PM  
At least a few of my recent purchases are showing green numbers. Now about the ones I bought 3 weeks ago. I guess I just hold and hope.
 
b0rscht [TotalFark] [OhFark]
2008-10-14 12:19:30 PM  
I can't help but feel this is all being orchestrated, and that some people are going to make a metric shiat-ton of money on this while the economy still takes a dive over the next few months.
 
Rethorn
2008-10-14 12:27:03 PM  
I hope this isn't just a dead cat bounce.
 
murray208
2008-10-14 12:31:11 PM  

deebee230: What is funniest about these photos is that next to nobody trades on the floor anymore. There is no point.


You should tell that to all the people trading on the floor. Clearly they are all doing it wrong and they should be corrected.
 
Senescent Dawn
2008-10-14 12:33:12 PM  

Rethorn: I hope this isn't just a dead cat bounce.


This isn't a dead-cat bounce. This is the ass-end of the Titanic raising itself up into the air.
 
Unknown_Poltroon
2008-10-14 12:34:25 PM  

Senescent Dawn: Rethorn: I hope this isn't just a dead cat bounce.

This isn't a dead-cat bounce. This is the ass-end of the Titanic raising itself up into the air.


I like you.
 
Terlis
2008-10-14 12:34:36 PM  

Senescent Dawn: This isn't a dead-cat bounce. This is the ass-end of the Titanic raising itself up into the air.


That's what I'm thinking as well.
 
icstepec
2008-10-14 12:35:42 PM  

Senescent Dawn: Rethorn: I hope this isn't just a dead cat bounce.

This isn't a dead-cat bounce. This is the ass-end of the Titanic raising itself up into the air.


So, is it sinking still then? I'm opening a trading account, only 24 and already putting 15% into 401k, so I want to buy things w/ the spare cash looking longterm...

I was rushing to buy in, but do people honestly think it's going to go down again? I mean, I guess it will, w/ recession having hit the big boys, in 6-9 months people won't be able to buy buy buy...

/hold on to it
//buy now
///hold on to it
////buy now
 
Rethorn
2008-10-14 12:35:58 PM  

Senescent Dawn: This isn't a dead-cat bounce. This is the ass-end of the Titanic raising itself up into the air.


Does that mean that the tax payers are Leonardo DeCaprio, and the banking firms are Kate Winslet sitting there watching us freeze to death?
 
mesohorny
2008-10-14 12:37:04 PM  
img387.imageshack.usView Full Size


Smell my finger!!!!
 
beer4breakfast
2008-10-14 12:41:02 PM  
Anybody catch Colbert's photos last week mimicing trader desperation? Pretty funny. I liked the dining on the shoe leather. In fact, I wouldn't see surprised if some of the writers from TDS and TCR are frequent fark visitors.
 
Mayhem of the Black Underclass
2008-10-14 12:41:07 PM  

deebee230: What is funniest about these photos is that next to nobody trades on the floor anymore. There is no point.

What you need to capture the real essence of stock trading now is some guy with an 8 monitor arm smashing his keyboard all over the place with keys flying everywhere.

Then they are close.


They have and you can see it here (new window)(not a rickroll)
 
Senescent Dawn
2008-10-14 12:41:23 PM  

icstepec: I was rushing to buy in, but do people honestly think it's going to go down again? I mean, I guess it will, w/ recession having hit the big boys, in 6-9 months people won't be able to buy buy buy...


It's hard to tell. The economy would have tanked on its own. The government is basically simulating an extremely large group of irrationally exuberant investors, keeping the market afloat with artificial demand. It "works," but every time they do this they forestall needed corrections, and become less and less fiscally solvent. The problem is so big by now that they may only have bought us a few extra months.

That said, you're 24. It won't hurt you long term to invest. If you lose a couple grand in the market now, it's no big.
 
SweetHomeNowhere
2008-10-14 12:47:53 PM  

Senescent Dawn: Rethorn: I hope this isn't just a dead cat bounce.

This isn't a dead-cat bounce. This is the ass-end of the Titanic raising itself up into the air.


Your opinion. It enlightened me.
 
the_geek
2008-10-14 1:01:32 PM  

icstepec: I was rushing to buy in, but do people honestly think it's going to go down again? I mean, I guess it will, w/ recession having hit the big boys, in 6-9 months people won't be able to buy buy buy...


My suggestion would be to buy mega-corp stock which has high dividend yields due to having been beaten down. There's others, but the example I'm familiar with is GE. It usually carries a 2-3% dividend yield, but with the stock having been beaten down it's more like a 5-6% yield on shares you buy at the current price. That's really tough to beat, plus you'll get capital appreciation as the shares go up in value. GE is not the kind of stock you 'trade' though, you'll want to hold onto it forever and ever.
 
SacriliciousBeerSwiller
2008-10-14 1:23:25 PM  
You'd think that guys who did this all day for a living would be a bit more even-keeled.
 
Drakin020
2008-10-14 1:24:34 PM  

Senescent Dawn: Rethorn: I hope this isn't just a dead cat bounce.

This isn't a dead-cat bounce. This is the ass-end of the Titanic raising itself up into the air.


+1 I lol'ed
 
SacriliciousBeerSwiller
2008-10-14 1:25:01 PM  
the_geek: GE is not the kind of stock you 'trade' though, you'll want to hold onto it forever and ever.

...and ever and ever. Pretty good Roth IRA option.
 
Les_Nordiques
2008-10-14 1:28:37 PM  
Right on the nose subby!
 
michaeld5
2008-10-14 1:28:56 PM  
What was the Dow in 1995? 4500? 5000?

That's where you can seriously expect it to fall in the next (pick one: 1, 2, 4, 8, 12, 24) weeks. Then you will have hit bottom.
(that phrase has sexual overtones, no?)

baltimoresun.comView Full Size
 
Fuggin Bizzy
2008-10-14 1:35:47 PM  

Rethorn: Does that mean that the tax payers are Leonardo DeCaprio, and the banking firms are Kate Winslet sitting there watching us freeze to death?


Sort of, except you got it backwards. You have to ask yourself who's farking, and who's getting farked.

/steamy car windows ftw
 
Incontinent_dog_and_monkey_rodeo
2008-10-14 1:44:24 PM  
Just my opinion, I'm not a licensed broker or anything, but what I've been doing is to trade off between XOP and SDS. I had a bunch of SDS up through Friday, then switched over to XOP. Then this morning I cashed the XOP and bought SDS again, and sold it later when the dow flatlined. It's a risk, I know, you have to guess the market direction. But given how much we've been swinging, it seems like you can make a ton by switching between short and long over a few days time.
 
Incontinent_dog_and_monkey_rodeo
2008-10-14 1:45:42 PM  
And I think the Dow will actually bottom around 7000, not 5000. Inflation has been fairly tame but not non-existent since 1995.
 
Slam Bradley
2008-10-14 2:13:30 PM  
Amusingly enough this was on this weekend. Past-O-Rama (new window)
 
2chris2
2008-10-14 2:35:14 PM  

Incontinent_dog_and_monkey_rodeo: And I think the Dow will actually bottom around 7000, not 5000. Inflation has been fairly tame but not non-existent since 1995.


Here's an inflation adjusted graph of the Dow over the last 85 years. Only updated up to August, it is actually down to perhaps 65 on the chart. Looks like it could go down quite a bit more.

i34.tinypic.comView Full Size
 
Debeo Summa Credo
2008-10-14 3:13:38 PM  

2chris2: Incontinent_dog_and_monkey_rodeo: And I think the Dow will actually bottom around 7000, not 5000. Inflation has been fairly tame but not non-existent since 1995.

Here's an inflation adjusted graph of the Dow over the last 85 years


The pic doesn't appear to be working. Link, perhaps?
 
fernanernie
2008-10-14 3:14:31 PM  
It is re-adjusting to photos of sad traders for this afternoon.
 
2chris2
2008-10-14 3:35:48 PM  

Debeo Summa Credo: 2chris2: Incontinent_dog_and_monkey_rodeo: And I think the Dow will actually bottom around 7000, not 5000. Inflation has been fairly tame but not non-existent since 1995.

Here's an inflation adjusted graph of the Dow over the last 85 years

The pic doesn't appear to be working. Link, perhaps?


http://i34.tinypic.com/33madc7.gif
 
Incontinent_dog_and_monkey_rodeo
2008-10-14 4:17:11 PM  
I think if you start a trend line at 1981 on that chart and carry it to 1995 and then straight, it will show we should be right around 7500 if you take out the internet boom. Which seems about right to me...
 
ClintonKun
2008-10-14 10:13:29 PM  
Where's those pictures of Colbert making "sad trader faces" and grinning broadly while dining on a boot?
 
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