dmarc117 0 Posted July 12, 2007 The market averages were able to build on Wednesday's bounce off supports with the aggressive advance coming amid broad based participation. The Dow put together its best performance in several years to establish a new all time high while the lagging S&P 500 cleared its June peak to reach its highest level since March 24, 2000, the day it set its all time intraday high of 1552.87. The Nasdaq Comp sprinted to its highest level since Feb 2001. Sector leadership was provided by Gold/Silver +3%, Trucking +2.9%, Semi +2.4%, Steel +2.4%, Software HOLDRs +2.3%, Networking +2.2%, Retail +2.2%, Banking +2.1%, Broker/Dealer +1.9%, Drug +1.9%, Oil +1.8%, Chemical +1.8%, Disk Drive +1.5%, Home Construction +1.4% and Internet +1.3%. dow closed 13860 +285 Share this post Link to post Share on other sites
muck 22 Posted July 12, 2007 Ben Graham once said something to the effect of: "In the short term, the markets are nothing more than a voting machine." In other words, markets are fickle; don't get too amped up (in the case of a day like today) or depressed (like on the day at the end of March when the markets were off 4% in a single day). Share this post Link to post Share on other sites
Hugh 0ne 30 Posted July 12, 2007 I thank George W. Bush. Share this post Link to post Share on other sites
Duchess Jack 14 Posted July 12, 2007 Thank You, Easter Bunny Share this post Link to post Share on other sites
Ursa Majoris 126 Posted July 12, 2007 Ben Graham once said something to the effect of: "In the short term, the markets are nothing more than a voting machine." In other words, markets are fickle; don't get too amped up (in the case of a day like today) or depressed (like on the day at the end of March when the markets were off 4% in a single day). In particular, don't set up your 401k portfolio on your My Yahoo home page like I have because you'll be one of these: or or (rarely) : Share this post Link to post Share on other sites
untateve 7 Posted July 12, 2007 Thank you Nancy. first thing I thought of as well. H8's influence is insidious. Share this post Link to post Share on other sites
H8tank 0 Posted July 12, 2007 Thank you Nanny Peloti!!! Share this post Link to post Share on other sites
broncosn05 0 Posted July 12, 2007 (edited) It's wierd looking back to that big drop we had a few months ago. Been riding SLW the whole summer (11.04)... Edited July 12, 2007 by broncosn05 Share this post Link to post Share on other sites
godtomsatan 26 Posted July 12, 2007 Is that why I took a beating with KMGB today? Share this post Link to post Share on other sites
muck 22 Posted July 12, 2007 Is that why I took a beating with KMGB today? Most movements in stocks are nothing more than noise. There was news that a director sold stock; but beware of spurrious correlations. Share this post Link to post Share on other sites
godtomsatan 26 Posted July 12, 2007 (edited) Most movements in stocks are nothing more than noise. There was news that a director sold stock; but beware of spurrious correlations. The SUPERCALIFRAGILISTICEXPIALIDOCIOUS !!!er sold 1,000,000 shares with only 4.5 floating. Dropped 12% today alone. Too bad I wasn't in on the ground floor...... Edited July 12, 2007 by godtomsatan Share this post Link to post Share on other sites
muck 22 Posted July 12, 2007 (edited) The SUPERCALIFRAGILISTICEXPIALIDOCIOUS !!!er sold 1,000,000 shares with only 4.5 floating. Dropped 12% today alone. Too bad I wasn't in on the ground floor...... You mean 113,500 shares (1/2 of the typical day's volume) ... not that big of a deal (imo). If the stock doesn't trade up (relative to the market and other chemical companies) over the next couple of days, there are probably bigger issues afoot. Or such would be my guess. Edited July 12, 2007 by muck Share this post Link to post Share on other sites
TDFFFreak 1 Posted July 12, 2007 Ben Graham once said something to the effect of: "In the short term, the markets are nothing more than a voting machine." In other words, markets are fickle; don't get too amped up (in the case of a day like today) or depressed (like on the day at the end of March when the markets were off 4% in a single day). After today, not a bad time to take some profits and be happy. If the market goes up, you can continue to be happy that you are making money. If the market goes down, you can be happy that you took some off the table. I still have some money in the market, but have pulled a little out these past couple of weeks (including after today's close) and will have no regrets either way. Buy low, sell high. Share this post Link to post Share on other sites
The Irish Doggy 11 Posted July 13, 2007 Buy low, sell high. Fear? That's the other guy's problem. Share this post Link to post Share on other sites
isleseeya 124 Posted July 13, 2007 (edited) Just checked under my mattress and all my money is still there As is a half of a ham sandwich Edited July 13, 2007 by isleseeya Share this post Link to post Share on other sites
Jackass 73 Posted July 13, 2007 Just checked under my mattress and all my money is still there As is a half of a ham sandwich Is the dead hooker still there too? Share this post Link to post Share on other sites
CaP'N GRuNGe 40 Posted July 13, 2007 These two 401K funds have been very very good to me. (knock on wood) Fidelity Canada 60.99 48.24 Up 26.43% YTD Fidelity Nordic 50.11 39.99 Up 25.31% YTD Share this post Link to post Share on other sites
Azazello1313 40 Posted July 13, 2007 (edited) These two 401K funds have been very very good to me. (knock on wood) Fidelity Canada 60.99 48.24 Up 26.43% YTD Fidelity Nordic 50.11 39.99 Up 25.31% YTD why do you hate america? Edited July 13, 2007 by Azazello1313 Share this post Link to post Share on other sites
CaP'N GRuNGe 40 Posted July 13, 2007 why do you hate america? I don't hate all of America. Only 50% of it. My other 50% is in these two funds: FSDAX FCNTX Share this post Link to post Share on other sites
Hugh 0ne 30 Posted July 13, 2007 why do you hate america? Rughmor has is he got a bad haircut once. Share this post Link to post Share on other sites
CaP'N GRuNGe 40 Posted July 13, 2007 Rughmor has is he got a bad haircut once. This never gets old. Share this post Link to post Share on other sites
godtomsatan 26 Posted July 13, 2007 (edited) You mean 113,500 shares (1/2 of the typical day's volume) ... not that big of a deal (imo). If the stock doesn't trade up (relative to the market and other chemical companies) over the next couple of days, there are probably bigger issues afoot. Or such would be my guess. That' goes with the additional 1,000,000 shares the director sold off last week in addition to the ones yesterday. It's my bad, I should have bailed on it after the first sale. It, just was a gigantic loser on an otherwise big winner day. Hung onto it today thinking it might make a bounce, but no, down another 3.5-4%.....:doh!: Edited July 13, 2007 by godtomsatan Share this post Link to post Share on other sites
CaP'N GRuNGe 40 Posted July 13, 2007 That' goes with the additional 1,000,000 shares the director sold off last week in addition to the ones yesterday. It's my bad, I should have bailed on it after the first sale. It, just was a gigantic loser on an otherwise big winner day. Hung onto it today thinking it might make a bounce, but no, down another 3.5-4%.....:doh!: Buy more to reduce your cost per share. Share this post Link to post Share on other sites
TDFFFreak 1 Posted July 13, 2007 Buy more to reduce your cost per share. Throwing good money after bad comes to mind... Share this post Link to post Share on other sites
