Prediction of Stocks

PokerMan
PokerMan: I predict stocks will fall 250 points on August, 12, 2011.

I predict stocks will rise the highest they ever been in September.
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davidk14
davidk14: .

Your predictions for Saturday, August 13th and Sunday, August 14th are off a little since the US Stock Market is closed on the weekends. However, Chrono will undoubtedly create some wacjob comment to validate your predictions anyway since you are his new buddy now.

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davidk14
davidk14: .

I see you edited your comment. Good choice.

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PokerMan
PokerMan: Yes
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davidk14
davidk14: .

Pokerman said: I predict stocks will fall 250 points on [Friday] August, 12, 2011.

David responds: You were off by 350+ points. The stock market ended UP 100+ points.

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stephinrazin
stephinrazin: I don't think anyone can predict these markets. The ban on short selling in Europe, and the looming credit drop of France threatens. The Bank of America/Fannie Mae/AIG problems don't help either. Italy is beginning to shape up to be another Greece to add some icing to the cake.

That is all on top of the current stag flation stage of the the depression we are in.

We will see what the computer trading programs can do in low liquidity. Maybe they can make the markets hover up or down a percent, or even con some retail investors into buying. That is the best case scenario for next week. Of course if they announce QE3 than the party will start up again. Otherwise looks to be another volatile week.

Gold is a hedge against paper fiat currency. As long as the central banks pour fiat money to prop up markets gold will do well.
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PokerMan
PokerMan: Gold has always been a wise stock to invest in, and it always makes people money.
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StuckInTheSixties
StuckInTheSixties: Gold isn't a "stock." It's a "commodity."

And many people have lost their fortunes investing in gold.

It's all about the timing, I suppose.

That said ... a little true story:

Remember the mini-panic about the Y2K? All the computers were gonna crash, etc.? A friend of mine (an attorney with enough money to do things like this) looked at all of the hoopla surrounding Y2K. People were giving dire predictions, and others were saying it was a big nothing (they were right).

My friend thought, "What the hell. I'm gonna buy some gold." Not gold certificates, not a record on a ledger that says he owns gold, but real, actual gold (gold bars, in his case). He invested half a million dollars in gold, and rented space in some vault somewhere for it. He was mocked by some friends as being "paranoid," or whatever.

Y2K came and went. No big deal. But he decided to hang on to his gold. He thought of it just as a sort of "insurance policy," as well as an investment, and he confessed that he just sort of liked the novelty of owning actual real gold. (He could actually go to the vault and look at it, retrieve it, whatever, if he wanted.) So he decided to just leave it there. It's still there now, as far as I know. I oughta call him up and ask so he can gloat. (laughs)

I had forgotten what he paid for it, so before I typed this, I looked up the price of gold for that time: $272/ounce.

Current price of gold: $1746.42

He multiplied his investment by 6.42 times over the eleven and a half years since then. Not bad. I wish I'd been "paranoid" like him.
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oooREDEYEooo
oooREDEYEooo:

'THE GOLDEN YEARS'

YouTube

oooIN-THE-RED-EYEooo
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arunchand
arunchand: Gold isn't Stock...ok..but trading in other commodities are bit different from Gold, Platinum,silver or similar commodities and Oil too..

Trading in consumable commodities and other commodities are different..

Gold is mainly kept as an investment..

In my view at present global scenario..Gold price may go up this year as people choose that for safe investment purpose ..

Stocks on other hand might go down again through out this year...following many news and reasons....but Indian markets may show a slight recovery soon...and will be volatile for many more months ahead....take care...
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Kaiya_
Kaiya_: The stock markets are very much a rigged game. In Zimbabwae to keep the stock market from crashing overnight they injected hundres of billions of dollars in one day which devalued their currency as food prices went up 80 percent overnight. The 11,000 on the DOW is a psychological number. as the dollar falls in value the presidents Plunge Protection Team injects money into these stocks through third party cutouts to keep the number up while really the value of those stocks are devalued. Instead of focusing on the Stock numbers you might be focused on comodities to find real value of importantce and that will tell you the real value of stock like food prices, the manipulated gold and silver prices with the ETFs and also focus on the dollar denomination of oil on the WTF.

That being said I think the dollar will devalue 15 percent in the fourth qt of 2011. Thats huge i know.
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StuckInTheSixties
StuckInTheSixties: arunchand says:
"Gold isn't Stock...ok..but trading in other commodities are bit different from Gold, Platinum,silver or similar commodities and Oil too.."

True, but commodities and stocks are very different. Stocks are "shares" of a company. If the company is mismanaged, or out-performed by competitors, the company, and your share of it, loses value. The worth of your commodities is relative only to what demand there is for it.

They're similar in some ways, but quite different in others.

The main reason I posted that comment was because it was clear that Pokerman was confusing the two.
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krugerhannes
krugerhannes: https://www.quicktrade.co.za/demo-registration-form?ib=53377
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Angry Beaver
Angry Beaver: Oh, that'll be legit!
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Angry Beaver
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superswims744
superswims744: I ca help, I’m nobody, just like you.
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superswims744
superswims744: I know everything
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superswims744
superswims744: I am him
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superswims744
superswims744: I give a shit
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superswims744
superswims744: I can help you, fuck the shit, money makes money. I am nobody.
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superswims744
superswims744: I Can help you.
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Angry Beaver
Angry Beaver: Sounds legit!
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