Dow back up above 11,000 - Benzworld.org

**cmitch** · 07-16-2008, 03:04 PM

Well, it seems that it has gained, today more than 270 points to settle at 11,239.28. But, it could be down tomorrow and up again Friday and then down again Monday. Plus, we've seen oil slip, again, but oil needs to slip a whole lot more.

My observation: The market can tumble below 11,000 and you'll see a negative post about it. But, if it regains a little ground, (in this case 276 points), it hardly is noticed.

My conclusion: Negativity rules, Brother! Forbid anything positive happens!

drewprof · 07-16-2008, 03:16 PM

I made a killing on ETFC today. I bought some yesterday then I sold it all at closing

**mcbear** · 07-16-2008, 07:04 PM

The negatives usually come from discussions of the fundamentals, not the stock market. Only time that is in play is when we discuss just how much it has dropped in a given timeframe. In this case 3200 in nine months. Hard to get excited when the DOW has lost 24% of its total value in 9 months. To put it in perspective, it has to gain 30% off yesterday to BREAK EVEN. One day means nothing [even a very good day like today].

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QBNCGAR · 07-16-2008, 07:42 PM

CM's just pissed that he still has to wait 5 or 6 months before he can start fishing for Kings.

Von Vorschlag · 07-17-2008, 05:04 AM

Industrial metals and weapon systems are treating me just fine, but I always looking for more copper BTW.

benz rider · 07-17-2008, 08:09 AM

As Hulk Hogan would say - "Brother!"

**cmitch** · 07-17-2008, 08:48 AM

Quote:

Originally Posted by No Photo Homo

CM's just pissed that he still has to wait 5 or 6 months before he can start fishing for Kings.

Hey, you have to admit. Crabs are king unless they're in your crotch.

**cmitch** · 07-17-2008, 08:53 AM

Quote:

Originally Posted by mcbear

The negatives usually come from discussions of the fundamentals, not the stock market. Only time that is in play is when we discuss just how much it has dropped in a given timeframe. In this case 3200 in nine months. Hard to get excited when the DOW has lost 24% of its total value in 9 months. To put it in perspective, it has to gain 30% off yesterday to BREAK EVEN. One day means nothing [even a very good day like today].

.

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.

Jakarta Expat · 07-17-2008, 09:00 AM

Quote:

Originally Posted by cmitch

Hey, you have to admit. Crabs are king unless they're in your crotch.

QBNCGAR · 07-17-2008, 09:16 AM

Quote:

Originally Posted by cmitch

Hey, you have to admit. Crabs are king unless they're in your crotch.

No photo homo...what?? Do I have to be from Alabama or have fucked a catfish to understand that?