How 'bout that stock market?

[steveny]

really nice profits for me so far today trading aapl

 

[SilverStone05]

So for the non daytrader. People with mutual funds, 401k's, etc. What do youguys think, cash out for the next 12 months?

Keep funding and keep buying. Last year was the time to be selling. But I only know that in hindsight.

 

[White98LS]

I'd stay invested if I were in your position. Too tough to call a bottom and a lot of equities are very cheap if we don't go into recession (or get a very mild one). You also must remember that Wall Street is 6 to 9 months forward looking, so if you think we'll have a path to resolution 18-21 months from now then you should stay put.

BTW, my style of investing wouldn't be considered day trading. :wink:

Keep funding and keep buying. Last year was the time to be selling. But I only know that in hindsight.

This is good to hear. I have been playing around a tiny bit in the stock market but most of my money is sitting in mutual funds, and I'm saving/investing as fast as I can right now before I go to grad school. It's nice to know that I'm doing the right thing, especially when even at the good pace I'm saving and investing at, I'm still at about the same total $ figure as on New Year's :frown:

 

[SilverStone05]

Good luck with grad school.

I'm not even married and its kicking my ass.

What kind of funds you hold? You keeping an eye on sales charges, expense ratios and management?

Do you have a Roth along with your 401(k)?

 

[SilverStone05]

LOOK OUT BELOW!

 

[MAJOR STONER]

PPT seems to be on top of it;-)

 

[steveny]

I shorted aapl this morning at 129.15 and was hoping for a 20-30 cent drop but I covered it at 127.12 BAWHAAAAAAA:biggrin: OMG I can't believe it.

 

[SilverStone05]

I shorted aapl this morning at 129.15 and was hopeing for a 20-30 cent drop but I covered it at 127.12 BAWHAAAAAAA:biggrin: OMG I can't believe it.

hahaha...nicely done. :biggrin:

 

[Dtrigg]

The investment banks are far better positioned than commercial or retail banks. Not only do they not hold these shitty loans, but they can participate in future restructuring advisory and equity cap markets work.

That said, I still wouldn't buy any of 'em now. Not at all...

Also:
Dividends can, and will, be cut...

Can you say Bear Stearns...

 

[MAJOR STONER]

Wtf?

AP
JPMorgan Chase Funding Bear Stearns
Friday March 14, 9:23 am ET
JPMorgan Chase, With Federal Reserve Bank of NY, to Provide Funding to Bear Stearns

NEW YORK (AP) -- JPMorgan Chase says that in conjunction with the Federal Reserve Bank of New York it will provide temporary funding for Bear Stearns.
The funding will be provided as necessary for up to 28 days. During that time, JPMorgan Chase will also help Bear Stearns find permanent financing.

There has been speculation this week that Bear Stearns was struggling with liquidity problems. Its chief executive earlier denied those reports.

 

[steveny]

hahaha...nicely done. :biggrin:

That was all luck!!! before I even had the chance to blink I was up 5k.

 

[da3dalus]

Markets are always fun to trade with billions of liquidity are slammed onto them all at once.

I'm laying off the loud pedal in the S&P this morning. The swings are massive, the tape is going ape shit... there is a 1 pip spread in the friggin' pit for gods sakes. A historical morning for sure.

Gonna try and find some entries this afternoon. Also looking to play some scalp bounces in the currencies off the news as well.

 

[steveny]

Silverstone I know you HAVE to be trading today most likely AAPL.

I am having a really good day. :biggrin:

 

[White98LS]

Good luck with grad school.

I'm not even married and its kicking my ass.

What kind of funds you hold? You keeping an eye on sales charges, expense ratios and management?

Do you have a Roth along with your 401(k)?

Thanks! Yeah I'm still young (about to turn 24) and single, so I'd better do it sooner than later.

I'm holding:
Janus Twenty (JAVLX)
Janus Fundamental Equity (JAEIX)
Gabelli Asset (GABAX) - I picked this fund when I was 10!
T. Rowe Price Spectrum Growth (PRSGX)
Vanguard Windsor II (VWNFX)
Fidelity Canada (FICDX)

All their costs are pretty low. I've maxed out my Roth since I got my first job at 16.

 

[steveny]

positioned with a bunch of puts for the big sell down at the end of the day. :biggrin:

 

[steveny]

Thanks! Yeah I'm still young (about to turn 24) and single, so I'd better do it sooner than later.

I'm holding:
Janus Twenty (JAVLX)
Janus Fundamental Equity (JAEIX)
Gabelli Asset (GABAX) - I picked this fund when I was 10!
T. Rowe Price Spectrum Growth (PRSGX)
Vanguard Windsor II (VWNFX)
Fidelity Canada (FICDX)

All their costs are pretty low. I've maxed out my Roth since I got my first job at 16.

You are the shining example of what to do while you are young. KUDO'S!!!!!

 

[da3dalus]

Well boys... you know how I was trying to get back into the ES and show it whos boss this week? I just took +6 out of the mother in about 5 minutes. Textbook signal that fit my criteria... put it on, and wham, bam, thank you man... 300/per in the bank. I just had to share with someone... I'm STOKED RIGHT NOW! Thats what you get for following your rules to a T.

+6 is like 3x's what I would've taken home in the old days on a "good day"...

I'm gonna make this thing my bitch.

 

[SilverStone05]

Silverstone I know you HAVE to be trading today most likely AAPL.

I am having a really good day. :biggrin:

Steve, you don't even want to know. :wink:

 

[steveny]

Steve, you don't even want to know. :wink:

Easy money today. :smile:

 

[White98LS]

You are the shining example of what to do while you are young. KUDO'S!!!!!

Thanks a lot! I just hope I can hold onto as much of it as I can through grad school. If I decide to go full-time MBA my food and rent is gonna have to come from somewhere :frown:

 

[SilverStone05]

 

[MAJOR STONER]

All open markets are down...

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/stockmarket/11827/default.stm

 

[sahtt]

EEV/FXP large gains for me.
Closed half of my remaining SKF/QID.

I'm about to pull the trigger on CME.

 

[MAJOR STONER]

 

[da3dalus]

^^^^ THAT IS AMAZING!!! lol. Its perfect! Just took another +4.75 out of the es today. I'm doing 4 digits this week or else! (Thats a big deal for me... lol.)