Go, Economy!

[Othello Harrington]

Thanks Frank!

[burgundy]

I'm not a fan of short-term investing, so I would wait for the rebound. To each his own though.

you wait for the rebound in a mutual fund or a diversified portfolio. not when you're gambling on a company.

Neil Cavuto just had Donald Trump on his show, and he had an interesting take on this. He's rooting for no deal, because it would tank oil prices, which will lead to an overall stronger economy in the longer-term. Oil's already down $10 today.

insane. oil prices are a function of tightening supply, and lower prices would encourage more consumption.

[Gooch]

I've been short oil around the $138/barrell mark and it has as much to do with the global recession (decreases demand) as with the recent rallying of the dollar. All this time while oil declined (and with the dollar rallying) the market did not rally. I don't know how much lower oil has to go, but I'm covering my short.

If anyone feels absolutely compelled to be long this market, I would suggest that you do so only if you are protected or limit your capital exposure (i.e. via call spreads) or have very nimble hands. There is certainly opportunity in the face of disaster but I think this will be a rangebound market where you can buy on dips and sell on rallies rather than just going straight long. It's hard to pass up on all this opportunity, however.

you wait for the rebound in a mutual fund or a diversified portfolio. not when you're gambling on a company.

Yep. A lot of people waited on Bear Stearns, Fannie and Freddie, Lehman, AIG, WaMu, Wachovia, etc. I personally am not surprised to see AAPL where it is though I think it will rebound to the $120 levels. The thing Shidoshi has to keep in mind is that his expectations are already priced in. Think of a stock price as Vegas odds. The odds makers have considered everything, looked under every rock. You have to beat the growth they've priced in and I'm not sure if AAPL is that company right now. The PE looks more enticing today than it did weeks ago, however.

[Frogacuda]

Yeah, the more I've had time to read about the bill itself, the more I agree with you and the Don.

Mark your calendars, folks. Yoshi and I just agreed on a matter of politics.

I also heard the dem's added a bunch of unagreed upon shit to the bill then tried to force it through.

Dude, the dems split like 60/40 on the bill. Stop making this one a partisan issue. That's just not the reality.

[YellerDog]

[Yoshi]

Mark your calendars, folks. Yoshi and I just agreed on a matter of politics.

You finally realized that government intervention is never the answer.

[Yoshi]

insane. oil prices are a function of tightening supply, and lower prices would encourage more consumption.

What oil prices are you watching? Prices have nothing to do with supply. Every time something positive happens in the economy, like interest rates being lowered, oil automatically and artificially goes up. It's a crooked oligopoly, not supply and demand.

Here's the video of the Don.

[Josh]

image

ha!

I'm putting my money on Bank of America. Literally.

[Yoshi]

My money is with a credit union that didn't get involved with these stupid sub-prime mortgages.

[Bacon McShig]

You finally realized that government intervention is never the answer.

I'd love if it were that simple, but you can't simply remove support columns from the economy and expect the collapsing ceiling to fall in such a perfect, pinpoint fashion that only the guilty are injured.