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Biggest day in 5 yrs and no one comments?

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Sep 19, 2007 3:18 am

I will admit I was light into the Fed meeting but my favorite growth stocks

were incredibly strong today…all up over 4.5% and one up over 8%.

Sep 19, 2007 5:51 am

[quote=skeedaddy2]I will admit I was light into the Fed ....... [/quote]

"A little"? Haven't you been a voice of doom and gloom? Excuse me if I've mistaken you for someone else.

Sep 19, 2007 3:15 pm

It was a good day for stocks. And that's all it was.

Not trying to be negative, but taking a long term view a 50 beep cut maynot have been the best thing for the economy. Everyone is going around right now in party mode. This will wear off, maybe as soon as Friday's jobs report. If the economy, over the coming weeks, shows strength the market partiers will be singing a different tune. That tune will be the boogie woogie low down inflation blues. Combined with the hyper sensative volatility we've seen over the past 45 days does not give me reason to celebrate.

For LT investors, buying good businesses yesterday's Fed move is meaningless. These businesses make sense to buy regardless of what the Fed is doing.

Lastly, yesterday doesn't signal a bottom in the housing market. When we see an uptick in housing sales, that's when it will be time to celebrate.

If we see inflation under control, and signs of a housing turn then we're off to the races.

That said, I'll take all the 300 point plus up days I can get.

Sep 19, 2007 4:18 pm

I look for continued dollar devaluations every time the government implements a plan to bail-out the bad decisions of the past.

Sure, the market goes up, but so will the price of imports.

Just my 2 cents...

Sep 19, 2007 4:38 pm

[quote=mikebutler222]

[quote=skeedaddy2]I will admit I was light into the Fed ....... [/quote]

"A little"? Haven't you been a voice of doom and gloom? Excuse me if I've mistaken you for someone else.[/quote]

...that's what I was thinking...if you're 90% cash, a few stocks moving 4-8% won't help much...

I'm a little surprised that thus far, the follow-up is in the green also.  I fully expected a pullback today to correct the inevitable overreaction.

I do very very little market timing...I've been pretty much fully invested since I started this game...and yes, that included riding through 2000-2002 and feeling the pain...but also adding to positions at bargain prices.

Sep 19, 2007 4:40 pm

[quote=BondGuy]For LT investors, buying good businesses yesterday’s Fed move is meaningless. These businesses make sense to buy regardless of what the Fed is doing.

Lastly, yesterday doesn't signal a bottom in the housing market. When we see an uptick in housing sales, that's when it will be time to celebrate.

That said, I'll take all the 300 point plus up days I can get.[/quote]

Amen, amen, & amen.  As usual, nice post, BG...

Sep 19, 2007 5:07 pm

doberman and bondguy, well put.  Rate cuts are interesting, the fed says the economy and housing is extremely weak (weak enough to force them to lower rates), which would seem like a negative, but, no the market is glad to see uncle sam (or is it Ben) attempt to put the fire out. Good for short term, horrible for long term, sucks to be the next president.  Horrible value of dollar (with no hope in site), oil over $80/barrel, Hundreds of billions spent on mission impossible (IRAQ), etc etc.   For this I hope Hillary wins…  seriously though youtube Ron Paul.  http://www.youtube.com/watch?v=IWfIhFhelm8

Sep 19, 2007 6:27 pm

[quote=jackbauer]doberman and bondguy, well put.  Rate cuts are interesting, the fed says the economy and housing is extremely weak (weak enough to force them to lower rates), which would seem like a negative, but, no the market is glad to see uncle sam (or is it Ben) attempt to put the fire out. Good for short term, horrible for long term, sucks to be the next president.  Horrible value of dollar (with no hope in site), oil over $80/barrel, Hundreds of billions spent on mission impossible (IRAQ), etc etc.   For this I hope Hillary wins...  seriously though youtube Ron Paul.  http://www.youtube.com/watch?v=IWfIhFhelm8 [/quote]

Better not post your political opininons on Regreps.com.  You'll be handed your hat, or they'll call you a pinko, or something equally ignorant.

Sep 19, 2007 7:10 pm

Better not post your political opininons on Regreps.com.

I'd agree with that to an extent. This site has become the bastion of touchy-feely leftist liberals who can't compete in the arena of ideas and ReRep has become home to the (sometimes harsh-tongued) conservatives. I don't believe you were handed your hat for your politics per se, but instead for proving that you are stupid. (Remember, stupid, unlike ignorance, can't be fixed)

Sep 19, 2007 7:14 pm

(Remember, stupid, unlike ignorance, can't be fixed)

.....stupidity, unlike ignorance....        sorry typing teachers!

Sep 19, 2007 7:34 pm

Sorry, with regards to the topic, I say Americans are addicted to cheap money, and will take the rest of the world into recession within six months. Don’t get suckered in by the rate drop, it is too much, too soon.

Sep 19, 2007 8:10 pm

[quote=icecream]Sorry, with regards to the topic, I say Americans are addicted to cheap money, and will take the rest of the world into recession within six months.  [/quote]

Five to one says you're wrong.

Sep 19, 2007 8:22 pm

For the record - I have not met a politician I liked.  Left, Right or center. I just like Ron Paul cuase he is stirring it up a bit, in the end I will vote for Mickey Mouse (again). I think they (and us) take ourselves to seriously. 

Sep 19, 2007 8:52 pm

[quote=mikebutler222]

[quote=icecream]Sorry, with regards to the topic, I say Americans are addicted to cheap money, and will take the rest of the world into recession within six months.  [/quote]

Five to one says you're wrong.

[/quote]

Wow, who would not take those odds. :).

Sep 19, 2007 8:59 pm

" All the best, and I'm sure you'll convince me that your site is as wonderful as you say when you've disappeared from here for an extended period of time, basking in the wonder that is your wonderful site. "

Doesn't YHWY mean God? A poster named God runs the other web site, and comes over here to harass you after you quit the web site? Wow, talk about religious irony.
Sep 19, 2007 9:00 pm

I don’t think he runs it, but is apparently religiously devoted to it, and zealously defends his faith against all perceived infidels.

Sep 19, 2007 9:10 pm

Censorship is always difficult. Kind of like lying, the more you do it, the harder it is to keep it straight. They must suck in a lot of new perceived infidels off this forum, since they advertise here.

Sep 19, 2007 9:36 pm

What part of “I’m not Bobby or Ferris” do you not get? I have no sway on the other forum. In fact, my name there is Daryl Van Horne (The Devil, get it…c’mon, think…it’s funny)
In my part of town, they would beat the crap out of you for saying that.

 I’m armed, I highly doubt it, you idiot.

Sep 19, 2007 9:47 pm

Okay, you’re the Devil, claiming to be God. As a well educated idiot, I think I get your meaning. I think I’m done with this conversation.

Sep 19, 2007 9:48 pm

And you are made of ice cream. I think everyone’s clear.