scoutabout
None
...sell your stocks now before his speech!
Geitner is rolling out a 'new plan'...
- Thread starter scoutabout
- Start date
RockMonkey
Suddenly Enthusiastic
The market is looking for any reason to rally. It's been up after every tidbit that could be seen as a step forward. It'll be up after his speech, I think. Anyway, if your investment strategy includes buying or selling based on anticipation of a single speech, the stock market probably isn't for you, and you should get out anyway.
RockMonkey
Suddenly Enthusiastic
In which case you're not an investor, you're a speculator. Not that there's anything wrong with that, but it sure seems like a risky (and stressful) way to make a living.
scoutabout
None
Thanks a lot mini-Greenspans.
:-\
My point was that Geitner is an idiot. Everytime he opens his mouth, the dollar, the market, and consumer confidence drops.
I've been buying as much as possible since December, it's working out great.
:-\
My point was that Geitner is an idiot. Everytime he opens his mouth, the dollar, the market, and consumer confidence drops.
I've been buying as much as possible since December, it's working out great.
RockMonkey
Suddenly Enthusiastic
But... The Dow closed up 174 points. 
Tacoma
Et incurventur ante non
- Location
- far enough away
So, does that make him an idiot, or the fickle consumer?
Tacoma
Et incurventur ante non
- Location
- far enough away
I think the answer to that is "Yes".
scoutabout
None
But... The Dow closed up 174 points.
Well, I'll be damned.
I agree, I am both an idiot and a fickle consumer. I'm no economic genius. I looked at stocks that were valued $40-$60 6 months earlier and were valued $5-$6 in December. Then I picked a few because I liked the color of their logo. Now they're worth $12-$13. Hooray America.
Tacoma
Et incurventur ante non
- Location
- far enough away
That's capitalism, nice job doubling your money man!
- Location
- Never Far From Nowhere
I've been upping my deductions into my company retirement account and putting more into my Roth IRA. For those of us who never really had the money to seriously look at investing before, know is a great time to get into it!