Chisoxfn Posted February 27, 2007 Share Posted February 27, 2007 Wow right when I'm about to invest into some shares of conexant. Link to comment Share on other sites More sharing options...
Soxy Posted February 27, 2007 Share Posted February 27, 2007 So, what does that mean (I know what a drop means, but I'm thinking more globally and more big picture)? Is this a blip or the start of a trend? Link to comment Share on other sites More sharing options...
WilliamTell Posted February 27, 2007 Share Posted February 27, 2007 Dropped nearly 500, craziness. Link to comment Share on other sites More sharing options...
StrangeSox Posted February 27, 2007 Share Posted February 27, 2007 QUOTE(Soxy @ Feb 27, 2007 -> 03:16 PM) So, what does that mean (I know what a drop means, but I'm thinking more globally and more big picture)? Is this a blip or the start of a trend? From what I've read, probably just a little, quick self-correction. The market was out pacing the economy. Link to comment Share on other sites More sharing options...
vandy125 Posted February 27, 2007 Share Posted February 27, 2007 Time to buy! Link to comment Share on other sites More sharing options...
StrangeSox Posted February 27, 2007 Share Posted February 27, 2007 QUOTE(vandy125 @ Feb 27, 2007 -> 03:37 PM) Time to buy! Yeah, but what? Link to comment Share on other sites More sharing options...
FlaSoxxJim Posted February 27, 2007 Share Posted February 27, 2007 QUOTE(StrangeSox @ Feb 27, 2007 -> 04:39 PM) Yeah, but what? widgets. whatever the fock they are. Link to comment Share on other sites More sharing options...
Balta1701 Posted February 28, 2007 Share Posted February 28, 2007 So, here be the question: did the entire world think that China could keep chugging along at 10% growth for the infinite future? Link to comment Share on other sites More sharing options...
Heads22 Posted February 28, 2007 Share Posted February 28, 2007 Jas, let's unleash the Soxtalk IPO upon the world. Link to comment Share on other sites More sharing options...
kapkomet Posted February 28, 2007 Share Posted February 28, 2007 QUOTE(Balta1701 @ Feb 28, 2007 -> 12:04 AM) So, here be the question: did the entire world think that China could keep chugging along at 10% growth for the infinite future? Those of us that know anything, no... but we (the "free market" economies) are seeing to it that they have inflationary pressures, let's put it that way. Link to comment Share on other sites More sharing options...
3E8 Posted February 28, 2007 Share Posted February 28, 2007 Lucky for me I sold my China 25 ETF a month ago. Link to comment Share on other sites More sharing options...
DBAHO Posted February 28, 2007 Share Posted February 28, 2007 QUOTE(Heads22 @ Feb 28, 2007 -> 11:27 AM) Jas, let's unleash the Soxtalk IPO upon the world. Ha. If you released that in Aussie Stock Exchange and said we were Exploration Miners looking for Uranium, it'd probably do pretty damn well. And unfortunately the flow on effect has been felt here. My shares got HAMMERED today, but it creates a good buying oppurtunity while they're down for the moment. Link to comment Share on other sites More sharing options...
Chisoxfn Posted February 28, 2007 Share Posted February 28, 2007 I changed up my 401K a bit but I have absolutely zero holdings in individual stocks. I have some international funds that have done outstanding, and than a couple bond funds, a REIT, and than a few specific retirement funds with a target retirement of when I'm 55-60. I pretty much don't pay much attention to the day to day because my thinking is very long term but I've had real nice appreciation thus far (but I'm sure somewhere along the lines there will be some bumps in the road). Link to comment Share on other sites More sharing options...
StrangeSox Posted February 28, 2007 Share Posted February 28, 2007 China's markets holding steady right now. Link to comment Share on other sites More sharing options...
Chisoxfn Posted February 28, 2007 Share Posted February 28, 2007 QUOTE(StrangeSox @ Feb 27, 2007 -> 07:45 PM) China's markets holding steady right now. Thats good news considering the tanking it took today. Link to comment Share on other sites More sharing options...
Rex Kickass Posted February 28, 2007 Share Posted February 28, 2007 But the rest of Asia dropped another 2-3% today, as are European markets at the present moment. Link to comment Share on other sites More sharing options...
FlaSoxxJim Posted February 28, 2007 Share Posted February 28, 2007 SELL! SELL!!! SELL IT ALL!!!!! Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 28, 2007 Share Posted February 28, 2007 Economics 101 is now in session -With China down 9%, which started this whole thing, they are afraid of inflation which is being caused by the much higher commodity prices (think energies, metals, food stuffs, etc). Being an net importer of capital good for their cheap exports, they are going to be under a HUGE crunch if prices keep going. The problem is in the US, we have known this kind of information all along, while the Fed bank has taken small incremental steps to adjust to the problem. In China there is a complete lack of independant information, and when the Chinese government let slip they were going to raise rates to stem off inflation there, everyone got scared. -In the US, we the China factor, plus Greenspan speaking of possible recession in 08, plus the fact that the market really was over bought from a technical standpoint. From the start of this rally, we have had pretty much a 20% straight line increase, which is just begging for a technical correction. We hadn't even had a 2% downday on the Dow Jones in almost a year. -Usually a big sell-off like that marks the end of a prolonged sell-off and idicates the beginning of the end. But since this was at the end of a rally, its harder to tell what it means. From a technical standpoint, Europes two day losses pretty much fell right in-line with our near 4% one-day declines, and China also rallied about 4% last night, which left them as about a 5% net loss (also pretty close to our net loss). In other words no one broke out any lower, which if this was the beginning of a panic (panic because of the huge sell-off at the beginning, and not a slow orderly correction, finishing with a sell off at the end) there should have been more blood in the water somewhere around the world. At worst, there should have been an inability in China to rally, signaling an absense of buyers, which didn't happen. All of that is very positive indicators. -Also the Dow futures is up just under 100 points in pre-open trading. This means there are people looking for bargains, and not panicing. -Personally, I think this was a long over-due correction, which when considering the rally we have had, and the bad news from around the world and US, wasn't really that bad. I think we should be all right, but the number I would keep an eye on would be 12000 in the Dow. If we breach that, the next stop is probably the old record of about 11700, which would be dangerously close to a full 10% drop (about 11500), which would be the first official bear market since the post 9-11 recession drops. If we go into that, the whole mood changes, and all bets are off. Hopefully that helps. Let me know if that didn't make sense, or if anyone has questions. Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 28, 2007 Share Posted February 28, 2007 Quote of the Day from our esteemed Federal Reserve Bank President Ben Bernanke "The markets appear to be working well" Thanks Mr Obvious you are a life saver! Link to comment Share on other sites More sharing options...
Balta1701 Posted February 28, 2007 Share Posted February 28, 2007 QUOTE(southsider2k5 @ Feb 28, 2007 -> 08:37 AM) Quote of the Day from our esteemed Federal Reserve Bank President Ben Bernanke "The markets appear to be working well" Thanks Mr Obvious you are a life saver! Working well? After yesterday's computer issues? Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 28, 2007 Share Posted February 28, 2007 QUOTE(Balta1701 @ Feb 28, 2007 -> 10:47 AM) Working well? After yesterday's computer issues? He wasn't speaking about the computer issues at all. He was speaking about the effeciency and clarity of the marketplace. Link to comment Share on other sites More sharing options...
mreye Posted February 28, 2007 Share Posted February 28, 2007 I know nothing about our market working well. I'm sure you get it, Mike. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 1, 2007 Share Posted March 1, 2007 QUOTE(mreye @ Feb 28, 2007 -> 02:57 PM) I know nothing about our market working well. I'm sure you get it, Mike. Anyways, to add to one of my points on the lack of a correction.... The streak the Dow had of over 200+ days without a 2% downday was the second longest streak in the HISTORY of the Dow Jones Industrial Average. A correction was way over due. Link to comment Share on other sites More sharing options...
kapkomet Posted March 1, 2007 Share Posted March 1, 2007 http://biz.yahoo.com/cbsm/070301/1c4cb3d3d...233e824128.html Oh no... a Cubs fan wrote this. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 1, 2007 Share Posted March 1, 2007 QUOTE(kapkomet @ Mar 1, 2007 -> 02:47 PM) http://biz.yahoo.com/cbsm/070301/1c4cb3d3d...233e824128.html Oh no... a Cubs fan wrote this. Meh, it might well be the beginning of a sell-off by the technical signs aren't there. Yesterday they rallied back, but finished on the lows, which ususally means they are exhausting the "buy the dips" people. The market did open sharply lower, which wasn't a big surprise, but instead of sustaining the selling, the market actually rallied back pretty well, even going green for a while. It looks like we are going to finish in the high end of the range. I would bet tomorrow is a 100 point plus down day, as I doubt anyone will want to carry positions over the weekend, but barring bad news, I would bet on a rally early next week. Link to comment Share on other sites More sharing options...
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