Stock Market Action Today

On February 27, 2007, In Uncategorized, By Chuck Ponzi

Just thought I would throw in some humor… after all if you can’t laugh.

… well, then you’d better cry.

Stock Market Crash - Social Security

 
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6 Responses to “Stock Market Action Today”

  1. sylvie says:
    February 28, 2007 at 8:50 am

    While I feel bad for pension fund investors who are pooled and some idiot fund manager makes the plays. The private investor is usually wealthy anyway and a hit like yesterday might sting but not put him in the poorhouse. Gambling is gambling whether Vegas or the market. I don’t feel for the wealthy investor speculator they never feel(boo hoo) rich enough.

    I think this is the broad economic meltdown we’ve been talking about for years. Time to hunker down could get bumpy. Excess and Greed always come with a price. The market forgot risk and now it’s paying the price.

    • Chuck Ponzi says:
      February 28, 2007 at 9:31 am

      Yes, but private investors are likely as diversified as the fund manager is. Loss on the stock market of values means losses for more than just the rich.

      Is it the broad economic meltdown? I don’t know, but I’m selling this bump up today. Most everything. There are a few stocks I will hold, but this is more than likely the real deal… just my opinion and not investment advice.

      Chuck Ponzi

      • IrvineRenter says:
        February 28, 2007 at 12:01 pm

        I’m with you, Chuck. I sold almost all but two of my long positions, I bought market puts yesterday, and when the action proved weak today, I bought some more. I haven’t been short since last August (I always lose some money on the reversals). I will be looking for shorting opportunities on individual stocks over the next couple of days if we get a dead-cat bounce.

        IMO, this is the beginning of a medium-term drop in the market, perhaps a new bear market.

  2. Automatic trading software says:
    October 24, 2008 at 2:20 pm

    The hit now in the market is more profusing in the present scenario than ever before.



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