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Joined: Nov 2004
Posts: 6,237
Campfire Tracker
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Campfire Tracker
Joined: Nov 2004
Posts: 6,237 |
Land gold and guns are the traditional inflation hedges.
Market corrections can be, have been, and will be devastating on occasion.
We all know this current market number is based on Fed printing presses running wide open, and that hyperinflation is the way Republics fail, so see the first line of my post again.
Ignorance is not confined to uneducated people.
WHO IS JOHN GALT? LIBERTY!
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
The market is now the game of the wealthy. The rich are making lots of $$$, and the rest of us are paying for it right now. That's okay. As long as they don't get taxed for it, all is good. Wow, you show up everywhere where a stupid post is needed. Another priceless gem by a guy with a chip on his shoulder and no doubt hasn't got a fair shake in life. Perhaps you're more effective protecting harmless wolves, no I take that back you don't do that we'll either. He is a college professor therefore he cannot so he teaches.
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Joined: Aug 2005
Posts: 28,317 Likes: 21
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,317 Likes: 21 |
He is a college professor therefore he cannot so he teaches.
They don't "teach", they indoctrinate nowadays. This just follows the communist protocol.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Feb 2006
Posts: 2,483
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,483 |
And everyone loves inflation for now. Scary times ahead folks... That is quite a telling number...tells one a lot of things to people with a brain.The libs unfortunately equate a high dow number with a strong economy. of course a dropping Dow is a sign of a failing economy. So, apparently no matter what the Dow does .... It's Obama's fault. Obama says it's Bush's fault..............
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Joined: Nov 2002
Posts: 33,858 Likes: 21
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,858 Likes: 21 |
It is a matter of about a dozen left clicks and I am fully out of the market in a day or so. I have done it, and more than once. Finished up 14% last year and am at a click over 4% YTD 2013. Housing, transportation, automotive have and are good, China is now in the mix now as is Australia/Indonesia. I believe there is still money to be made in 2013.
Conduct is the best proof of character.
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
U.S. stock momentum stalls on pullback concern
MARKETWATCH 8:58 AM ET 2/13/2013
Symbol Last Price Change GE 23.39 +0.81 (+3.59%) CMCSA 39.91 +0.94 (+2.41%) MCD 93.97 -1.13 (-1.19%) KO 37.12 -0.44 (-1.17%) DE 90.7 -3.27 (-3.48%)
QUOTES AS OF 03:26:17 PM ET 02/13/2013
SAN FRANCISCO (MarketWatch) -- U.S. stocks pulled back on Wednesday as some investors anticipated an overdue correction to a market that has run up to multi-year highs over the past several weeks.
The Dow Jones Industrial Average fell 63.10 points, or 0.5%, to 13,955.60, after venturing higher to 14,029.35 earlier in the session.
General Electric Co. (GE) was the biggest gainer on the Dow, with shares up 3.3% to $23.32, following an announcement it would sell the rest of its stake in NBCUniversal for $16.7 billion to Comcast Corp.(CMCSA) . Comcast(CMCSA) and GE were among the top gainers in the S&P 500.
A significant drag on the price-weighted index, however, was shares of fast-food giant McDonald's Corp(MCD). Shares dropped 1.3% to $93.91. Coca-Cola Co.(KO) shares were the Dow's worst performer, down 1.4% at $37.05. While there was some speculation that a call from President Barack Obama to raise the federal minimum wage to $9 an hour from $7.25 weighed on McDonald's(MCD) shares, analysts generally dismissed it as being a factor.
Following a 6% run-up in markets in January, stocks over the past week have traded mostly sideways, as investors anticipate some sort of correction.
Those investors are most likely the ones who missed out on the December-January rally following a surprisingly positive earnings season, said Brian Belski, chief investment strategist at BMO Capital Markets.
"It's really important to say that people looking for a pullback are the ones who missed the move [up] in the first place," Belski said. "It's increasingly dangerous to be diagnosing short-term market moves."
Still, investors aren't seeing the momentum from the prior session, when the Dow rose 47.46 points, or 0.3%, to close at 14,018.70, a five-year high.
The S&P 500 index fluctuated between slight gains and losses, falling 2.09 points, or 0.1%, to 1,517.34, in recent activity. The index touched an earlier intraday high of 1,524.70, with financials and telecom stocks the biggest losers and industrials and materials the leading gainers among the 10 major industry groups.
The Nasdaq Composite Index flirted with going negative, gaining 2.23 points, or less than 0.1%, to 3,188.72, in recent activity. The Nasdaq index touched an intra-day high 3,205.52 earlier.
Whether market momentum will continue or result in a sell-off is hard to predict. Much of the smart money has boosted long positions into equities lately, according to a recent report from Bank of America Merrill Lynch.
"You're seeing lots of macro hedge funds more allocated toward stocks," said Bill Stone, chief investment strategist at PNC Wealth Management.
While investors who missed out on the rally may be the ones hoping for a pullback, the fact that a pullback hasn't happened in a while is difficult to ignore.
According to Stone, the broader stock market has gone 60 trading days without a 5% pullback, and 342 trading days without a 10% pullback. That's compared with an average 49 trading days for a 5% pullback, and 161 trading days for a 10% pullback, using data going back to the 1920s, Stone said.
Along those lines, not only did Goldman Sachs downgrade its short-term outlook on stocks earlier in the week but UBS is saying that stocks are overbought. Read: Another canary in the coalmine saying near-term stock outlook is shaky.
Advancing stocks outpaced decliners about 16 to 14 on the NYSE, while decliners outnumbered advancers by 12 to 11 on the Nasdaq. Composite volume for NYSE-listed stocks topped 2.5 billion shares, and 1.4 billion shares for Nasdaq-listed stocks.
Before the opening bell, data showed that U.S. retail sales rose a seasonally adjusted 0.1% in January, which was broadly in line with expectations. The data indicated that a tax increase at the beginning of the year has started to affect consumers.
In Washington, President Barack Obama delivered the State of the Union address on Tuesday evening. The president called on lawmakers to come together and end the "manufactured" crisis over the federal budget deficit, while also urging Congress to raise the minimum wage to $9 an hour from the current $7.25 rate.
In other corporate news, Deere & Co.(DE) said fiscal-first-quarter earnings rose to $1.65 a share from $1.30 a year earlier. The company's shares, however, dropped 3.1%.
In the bond market, yields on 10-year Treasury notes rose five basis points to 2.03%, following a $24 billion auction of 10-year notes at a yield of 2.046%.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Joined: Aug 2005
Posts: 28,317 Likes: 21
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,317 Likes: 21 |
It's a house of cards and deception. Steer clear IMO.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Dec 2008
Posts: 8,354 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,354 Likes: 3 |
It is a matter of about a dozen left clicks and I am fully out of the market in a day or so. I have done it, and more than once. Finished up 14% last year and am at a click over 4% YTD 2013. Housing, transportation, automotive have and are good, China is now in the mix now as is Australia/Indonesia. I believe there is still money to be made in 2013. I'm with you, all cash in my retirement fund now. %4 in one month is pretty nuts, I'm locking in those gains. If I can make another 6% the rest of the year I'll be happy. That's RTI, not including what I'm adding in. If I can keep it up and turn it into enough rental properties, I can retire pretty well in another 6-8 years(45 now).
"Life is tough, even tougher if your stupid" John Wayne
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
In a market/economy like this, trailing stops work well for your stocks. Multiple "left clicks" are far too slow nowadays with the hyper-programmatic trading platforms that are being used by the big boys and girls.
edited fer spellun.
Last edited by Old_Toot; 02/14/13.
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