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The NASDAQ composite went from a high of 2840.51 to a low of 2603.50. That's a drop of about 9 percent. Just because it shot off the bottom like a dragster coming off the starting line doesn't make it any less of a correction. The great thing is that every time the market does this, it conditions traders and investors to expect the same. It makes the psychology of the market part of a self-reinforcing loop that drives the market higher and higher. If we could get a run that even takes the NASDAQ back to old highs, I would be set for life. A run like the ninetys would take us to Dow 40000 and beyond...
Isn't it great!
Apple jelly, maybe. Never heard of apple jam...
Hope you're right... Time will tell...
Just options expiraton. We get volume and volatility big time for a few seconds every month when the options expire.
Yea. Too bad...
A list of stocks that move fast (in either direction) and may be ready for a bounce...
CHBT, JDSU, GEOI, VG, PLAB, SWKS, BRKS, CLF, NOG, SLW
Do you ever wonder if this isn't the last best buying opportunity for a long time? If nuclear catastrophe cannot pull the market down, it's a very strong market...
Nah. The market is in delicate equilibrium. A few more buyers or a few more sellers, and the market changes direction. Proven by the fact that it changes direction several times each minute.
You don't think that the bounces might be caused mostly by investors wanting to get in ahead of what they hope is the next run? Isn't that what happens during bull markets?
Well, I guess we won't all be financially gutted today. Maybe tomorrow...
You'll be back...
Actually I count 13...
http://www.clinicaltrials.gov/ct2/results?spons=%22Geron+Corporation%22&spons_ex=Y
I have Monster and Career Builder send me automatic email alerts daily with the jobs that match my resume. They both are sending many more job listings lately than in the past. The lists of jobs are actually getting quite long, whereas a year ago there was one or two or none each day. Now there may be 15 or 30 on any given day...
Seems like most people around here would rather talk politics than stocks....
What if we just help the people that need help, and not worry about how much money it is costing us? There are enough resources to do that, they are just mostly in the hands of a small percentage of the people, and they got that wealthy by not giving much of it away. So its the governments responsibility to solve the problem.
I know, but I'd rather starve to death than be given a fish, or even a lobster for that matter. It's the same principle, you know...
I would sure be resentful if anyone gave me a fish... In fact, I think I resent everyone who ever helped me...
Stopped out. Maybe tomorrow.
Stop at breakeven. I love it when you can take nearly all the risk out of a trade in the first couple of minutes.
Long CIS at 20.93
You mean it was raining cats and dogs? Happens here all the time...
I agree with Fabian. The path of least resistance is down for a while. If we get a breakout with new highs, I would probably change my mind, but for now I think that the market is headed lower over the next couple of weeks or months. I'll still be trying to make money long when the opportunity presents itself, but I expect it to be more difficult than it has been recently.
The other day a correction lasted 45 minutes, today a bounce lasts 45 minutes. It's great when things are so obvious...
Time will tell. When they turn up, I'll be buying with a trailing stop.
CHBT, CIS, TZOO, ROVI, FFIV, NNBR, VIT, AXL, PIR, JDSU, etc.
Finally a real buying opportunity forming... Many of the stocks I watch are off 10, 20, 30, even 35% since their recent highs. When they turn back up, it will be time to make some money...
Well, Canny, you can't get your money back by being neutral when the market finally does correct...
The bulls do win more times than not in a bull market...
Like I said a few days ago, the malls have cars lined up trying to get in the parking lots...
Its easy to imagine what the religious fanatics around here think of the consumer confidence numbers...
Only time will tell if we are all financially gutted, as you hope and wish. I expect not, but you never know.
"Average of what? Average of teachers teaching someone else kids? It's obviously not possible for every parent." It is obvious to me that any reasonable person would not have interpreted this statement the way you did. It is apparent that you don't wish a serious discussion. End of discussion.
I suppose that we could expect them to find something productive to do during the 8 weeks or so they have off in the region where I live. But as I said, I would like the people who educate my children to be at least above average, which in my opinion, in this context is a statement which needs no additional definition. Paying them so little that they have no choice but to take a second job is not a good way to accomplish this goal, IMO. We don't want teachers to go into teaching only for the money, but I don't think we need to be concerned with this possibility at the present time. Perhaps private school teachers get better results because they have on average a higher grade of student. I don't have a problem with young college grads trying teaching, and then some moving on, or being sent on their way, while others make a career of teaching. Isn't that the way its supposed to work? Begining teachers in my area are paid $30,430 per year for the first three years. At 10 years they are at ~$38000 and at 20 years ~$43,500. Few teachers not suited to teaching make it that far in their teaching careers. Of course those who pursue continuing education or advanced degees improve their position. There may be some areas of the country that are the exception to the rule, but as a rule, I think that our teachers are underpaid and not given the respect that they earn. The poorest sports coaches ususlly get far more respect than the best teachers. Our priorities are all screwed up.
I don't really care if they work 12 months, or 9 months, or 9 weeks per year. I want the wage for a teacher to be high enough to attract a candidate that is at least above average. The teachers have to pay their bills for 12 months, regardless of how many months they actually work.
Sounds good to me! Why shouldn't the working people get some of the perks?
56 thousand seems pretty acceptable to me. The 43 thousand in benefits is never itemized or defined, so I'll take it with a huge grain of salt. So they make fairly average wages. The headline is inflamatory, but the details are more reasonable. Anybody who spends their life doing something challenging and doing it well should make that kind of money.
I think that that's because the inverse of doubling is to be cut in half. For one to go to zero, the inverse would have to go to infinity. Neither is possible. So when one doubles, its inverse is cut in half. If it doubles again, its inverse is cut in half again. So a 300% gain in one equates to a 75% loss in the other, if I am correct in my thinking.
PS Market continuing its meltup...