| Author | Message | ||
| Christiank (Christiank)
|
You make the most money in the stock market if you buy low and sell high or sell high and buy low. Unfortunately most people do the opposite. Why? Mass psychology! Only the ones with knowledge about the way the market works and about mass psycholgy are making money. The others are just feeding them. | ||
| magoo (Magoo)
|
Hey guys I noticed this thread has been quiet since the stock market is showing some weak glimmer of light. Recession?, Depression? Flip a coin? Optimism or Pessimisim. What does your gut tell you at this time? | ||
| magoo (Magoo)
|
Another thought, I think the word "DEPRESSION" is a word in the past such as in the 20's. The reason I say that is because the world is involved in our market and it is not as it was in the 20's when things were more centralized in this country. "RECESSION", If there is one looming, is more of the word since everyone in the world is connected in the financial markets. Never the less neither is good and I feel after minds are put to rest and "HOPEFULLY" action is taken on our part to make a military "STATEMENT" against terrorism the other countries are going to cooperate and once again the economy will be stimulated to a gradual growth. Not a "boom" I might add. In other words maybe things will slow down to where "WE HAVE TIME TO THINK." Just another afterthought. MAGOO | ||
| charles (86mondial)
|
maybe i will be able to get a 360 spider for list if it comes! | ||
| Christiank (Christiank)
|
The turnaround will come shortly after everything looks hopeless, we are not there yet. Real estate has to plunge first. Sorry you homeowners. | ||
| Michael A. Niles (Man90tr)
|
Reminds me of what William said on the Ferrarichat site a few months ago, think it was by Peter Lynch. It went something like "better buy what you like cause you might be stuck with it". When prices crash, at least we will be stuck with great cars. | ||
| magoo (Magoo)
|
Matt, You put it better than I did but we both agree. Magoo | ||
| Matt Karson (Squidracing)
|
From a macroeconomic perspective, the US Federal Reserve has pumped enough liquidity into the system to stave off a further serious contraction in our economy. Monetary stimulus has a lagged effect of 6 - 12 months. The World Trade Center tragedy will probably extend this period another 3 - 6 months. We should see a rebound in the economy in the early part of 2002. Maybe nothing spectacular, but the bleeding should stop and we should then be on the upslope of a V shaped recovery. As far as the world goes, the common wisdom is as the US goes, so goes the world. Even though the EU Monetary Authorities main obsession is inflation, I am sure they would provide enough liquidity to stave off any serious problem. Asia is asia, and even with all its structural, built in, economic problems, they will muddle through most economic downturns. Recessions are always ugly and painfull, but economic cycles are as sure as the laws of physics, we will see the light at the end of the tunnel. | ||
| William H (Countachxx)
|
WW2 got the world out of the 1929 depression. This war is sure to help arms manufacturers as well as certain industries. Especially security guards in the US  | ||
| Martin (Miami348ts)
|
Sorry but I can not see any possitive signs in the US or any other market. The US is such a strong force. It depends now how good people were sheltering their investments during the good times. Lots of people will go belly up. Good time to buy Real Estate soon....Also good time to pick up a new Ferrari! | ||
| magoo (Magoo)
|
After this violent attack these indicators are to be expected. Even though they don't look good I feel that as long as we don't have another devastating attack things will reach a norm. There will not be a big rebound as we saw but a cautious climb to a higher level. These other nations rise and fall as to how our economy reacts and I think they are going do whatever it takes to get things back on track. The big thing now which is affecting people especially in our country and all over the world is, How can we prevent this from happening again and how safe are we to move about our country. People are standing still at this time waiting to see where all this saber rattling is going to settle. Once we define our position and "HOPEFULLY" take a stand for ourselves and our country and apply safeguards that will make people feel safer, then and only then will we see a incline in the state of the economy. This "potential depression" is a mental battle as well as the physical one. As the greatest country in the world we need to take a stand and show the world that we have made a "statement" and we mean business about fighting terrorism. So when are we going to do it????? | ||
| William H (Countachxx)
|
Since Sept 11 there have been over 200,000 layoffs, in 16 DAYS!!!!!!! Thats almost 1 % of the US pop. Not good | ||
| Mark C. Gordon (Markg)
|
I'ts hard to be optimistic with such massive layoffs going on, we will be in for tough times I believe for a short time, but the rebound, which will come, will be record setting. I just switched my 401K deductions from 'safe savings' to 50% S&P 500 and 50% Primecap. I also oppted to buy US Savings Bonds via payroll deductions..... | ||
| magoo (Magoo)
|
One thing about it, If people keep putting out messages of doom and gloom the economy can be put into a state of "Depression." Magoo | ||
| William H (Countachxx)
|
My father sent me an investment newsletter last night. The author was saying how a depression is coming cus, consumer spending in US has ground almost to a halt, Japan has been bad for 10 yrs, Europe is soon to follow the US & now we have an expensive war coming & people r afraid to spend $. Your thoughts ? |