Dow back up above 11,000 - Page 2 - Mercedes-Benz Forum

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post #11 of 118 (permalink) Old 07-17-2008, 11:02 AM
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I think you missed my point. No one cares to mention a positive about a near 300 point INCREASE in the DOW, just when it loses, it's talked about. I'm fully aware of the fickleness of the stock market and it's ability to turn one's portfolio into a sack of turds. But a one day gain of 2.5 % may not be enough to get 'excited' about, it sure heals some painful wounds after watching a 2 month free fall.
No, I understood your point completely.

I just don't think a one or two day pop does anything to "heal wounds". It is not a trend.

Once we see if the TREND starts moving up consistently, and the moving average finds some solid gains [remember when we were talking about the 12,300 moving average as the bottom] THEN is the time to look at talking about positives.

It is why I don't post up "we went down 200 today" threads, they don't make any sense either. It is trends that matter.

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post #12 of 118 (permalink) Old 07-17-2008, 02:36 PM Thread Starter
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No photo homo...what?? Do I have to be from Alabama or have fucked a catfish to understand that?
You've, clearly, not been paying attention.

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post #13 of 118 (permalink) Old 07-17-2008, 04:29 PM Thread Starter
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Well, up another 207.38 to settle at 11,446.66. Up 500 points in 2 days. Of course, it could go down 500 tomorrow if oil takes a jump. Oil has fell again to 129.29 a barrel, down another $5.31. Oil still needs to go down another $60 a barrel.

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post #14 of 118 (permalink) Old 07-17-2008, 05:45 PM
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Yep, today's ride was courtesy of the financial sector which was hit the worse. BoA was up 17%, Citi up 95 and JPMorgan/chase 13.5% and AmEx 5.3%. They had been down in the gutter the longest and benefited from the bailout so it makes sense they would finally pop [they have a nice blank check now]. Rest of the DOW components were pretty flat.

^DJI: Components for DOW JONES INDUSTRIAL AVERAGE IN - Yahoo! Finance We need to see wide W I D E growth. But I will take 500 anywhere I can get it.

GM, which I talked about getting into back at 9 [actually hit at 9.6] is now at 12.85. So that is a pretty good kick.

Oil is interesting in that there was an "unexpected" surplus inventory which caused the drop in speculative pricing. For something that is watched so closely by the industry, "unexpected" is strange.

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post #15 of 118 (permalink) Old 07-17-2008, 06:39 PM
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I am convinced that anyone who would know the true direction of the stock market on any single day would retire on the tropical island with a lot of concubines instead of reading and writing useless $hit on the Internet forums...

Just my $0.0135 after taxes...
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post #16 of 118 (permalink) Old 07-17-2008, 06:41 PM
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post #17 of 118 (permalink) Old 07-17-2008, 06:47 PM
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I am convinced that anyone who would know the true direction of the stock market on any single day would retire on the tropical island with a lot of concubines instead of reading and writing useless $hit on the Internet forums...

Just my $0.0135 after taxes...
Nicely put.

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post #18 of 118 (permalink) Old 07-17-2008, 06:52 PM
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You've, clearly, not been paying attention.
Clearly I haven't.

Enlighten me, fucker.
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post #19 of 118 (permalink) Old 07-17-2008, 07:48 PM
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I am convinced that anyone who would know the true direction of the stock market on any single day would retire on the tropical island with a lot of concubines instead of reading and writing useless $hit on the Internet forums...

Just my $0.0135 after taxes...
Yeppers.

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post #20 of 118 (permalink) Old 07-17-2008, 08:54 PM
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Oil is interesting in that there was an "unexpected" surplus inventory which caused the drop in speculative pricing. For something that is watched so closely by the industry, "unexpected" is strange.
You've commented on that at least twice. No, the refiners didn't mistakenly order an extra ship full of crude.

The answer lies way down the supply chain in reduced gasoline demand due to consumer conservation.

You just forgot there are two sides to the equation.

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