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I KNOW youre not about to just ghost this thread, mideastbeast
Official Stock Market & Economy Thread
- Thread in 'General' Thread starter Started by dey know yayo,
- Start date
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haha wow. yayos straight ruthless. goin to get into the reccomended stocks by mid jan at the latest.
gotta practice workin with these call/put options haha
gotta practice workin with these call/put options haha
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options are tough and risky, but if you work them right the money is big
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thanks for the quick reply, i sent another one back. might as well ask more Qs... do you day trade? i work wierd hours and it would be impossible to day tradefor me but id still like to make some profits this year
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nope i dont daytrade, takes too much time
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huh i was pretty mad the prices in manhatten varies from store to store. some store tried to charge me market price+ 90 dollar fee and i backedout on it. now market price + 20 dollar fee ftw! got 2 ounces for 900 each
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Dey Know Yayo, at what age did you decide to start researching and learning about this stuff?
And how much time did you put into it?
And how much time did you put into it?
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started end of january 08. i put a lot of time into it, researching, learning, analyzing.
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Is there much I can do if I have 2K to invest with?
I'm willing toput in the time to learn, and I'm not looking to make six figures. Is it plausible?
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The real question is how long do u research a stock before buying or shorting and is it ahort term or week by week basis. it seemes like ur a trader but not aday trader. Im more longer term, as stated before more of a hybrid value investor. Dont stick to one plan but adapt if possible. Been working for the past 2years but nothing worth bragging about no 6 figure movements, juat enought o make me happy
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i suggest buying one ounce of gold and use the other 1k on stocks.Originally Posted by freakydestroyer
Is there much I can do if I have 2K to invest with?I'm willing to put in the time to learn, and I'm not looking to make six figures. Is it plausible?
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prmj23- i don't do too much individual stock research. each bull market will have its own set of 40-50 big winners which i will almost exclusively followas potential movers and every bear market will have its own set of 40-50 huge losers.
freakydestroyer- yeah for sure.
freakydestroyer- yeah for sure.
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the trouble i have had for the past few years is finding something that doesnt have much coverage. I stick to the big names like cisco or microsoft because of how predictable they can be at times. thats why my gains are never so huge. These are large cap stocks that dont move as much. siince the market turned learlylast year i started trading the big names like citi group and even aig when it hit 1.90. but for quick trades for example i got out of aig at 4.34 but missedthe bounce to 5 bucks. they repurchased when it went backdown to 1.90. even did the same with lehman at .11 cents got rid of it at .33 but these have been purespeculation. like i said before im more of a long termer but with the wild market i took at shot at trading did well but now am stalled again.
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Your boy is now a Berkshire Hathaway shareholder. Picked up a few A shares. No I'm kidding, just 1 B share at $3015. Perfect time to get in, its cheap andI really want to go to the shareholders meeting before the old man croaks. I wouldn't be suprised if it was 3500+ by may which would pay for my trip therepretty much. I'm probably driving from Chicago, any other NT shareholders should hit me up and say hello and maybe come party that weekend.
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I suggest you read his blog, i think it was dorm room derivatives. It might be a little complex. Also, things are way to complex and to manystories breaking out there isn't one clear thing to buy, although DKY will probably recommend buying gold haha.Originally Posted by freakydestroyer
What do you suggest?
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I doubt it'll be at 3500. BK has a too much of their capital stuck in stocks that aren't going to do anything, and asset prices aren't goinganywhere. Berkshire ain't going to make that much off of insurance premiums either because of falling asset prices.
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In this market, unless your and institutional trader, long term doesn't seem feasible. Read the news everyday, Finanical Times, WSJ,International Herald Tribune, People's Daily and get a feel for the market, then you won't be stuck trading penny stocks or large caps and ratheryou'll start trading commods and others things with sharp movements.
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what do you guys think about getting into oil? I know gold will continue to rise but they are kind of expensive.
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You can go to BRK.B meeting with only 1 share?
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If you have room in your house and want to get into a no risk investment, you buy a February '09 contract, take deliver of it, then buy a February '10contract for delivery and deliver it next year. The spread on this is 43% automatic gain. If you want to speculateand buy USO, now may not be the best time.
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Once we cross this 9,000 threshold on the Dow, is there any going back to November lows.
devildog1776
Banned
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the bottom hasnt even been touched yet... 9000 will seem so far away in about 12-18 months
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U.S. Economy: Manufacturing Shrinks as Orders Hit 60-Year Low
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By Shobhana Chandra
Jan. 2 (Bloomberg) -- The decline in U.S. manufacturing deepened in December as demand for such products as cars, appliances and furniture reached the lowest level since at least 1948, signaling further cutbacks in factory jobs and production this year.
The Institute for Supply Management's factory index fell to 32.4, below economists' forecasts and the lowest level since 1980, from 36.2 the prior month. Readings less than 50 signal contraction. The group's new-orders measure reached the lowest level on record and prices slid the most since 1949.
"Every component suggests that the weakness is going to carry over into 2009," Mark Vitner, a senior economist at Wachovia Corp. in Charlotte, North Carolina, said in a Bloomberg Television interview. "There's just not a whole lot of new business coming in," and companies will have a "painful adjustment" as consumers shun spending.
Today's figures underscore that, with private demand collapsing, manufacturers' best hope for new business this year may be President-elect Barack Obama's plans for an unprecedented stimulus package. Obama has pledged an investment program in roads, schools and the U.S. energy network akin to the 1950s- era interstate highway construction boom.
Stocks advanced on the first day of trading in 2009, following the biggest annual drop for the Standard & Poor's 500 Index in 71 years, on expectations government stimulus efforts will curtail the recession. The S&P index rose 1.4 percent to 916.16 at 11:08 a.m. in New York. Benchmark 10-year Treasury yields rose to 2.25 percent from 2.22 percent late Dec. 31.
Global Slump
The report also showed the impact of recessions abroad: the Tempe, Arizona-based ISM's measure of exports fell to the lowest level since that series began in 1988.
Separate figures today showed business at European factories contracted in December by the most on record. Manufacturing declined in China for a fifth month in December, for an eighth month in the U.K., for a seventh month in Australia and at the fastest pace in at least 14 years in Sweden.
The figures "confirm a sharp contraction in global investment, output and trade activity, consistent with the deepest global recession since at least the early 1980s," said Lena Komileva, head of market economics in London at Tullet Prebon Plc.
Economists' Forecasts
The ISM's gauge, which covers about 12 percent of the economy, was projected to drop to 35.4, according to the median estimate of 57 economists surveyed by Bloomberg News. Forecasts ranged from 34 to 40 and the measure averaged 51.1 in 2007.
Clogged credit markets, the collapse in housing and mounting job losses have hurt demand for everything from furniture and appliances to automobiles, driving General Motors Corp. and Chrysler LLC to the brink of bankruptcy.
The ISM's employment index decreased to 29.9 from 34.2 in November. The gauge of prices paid fell to 18, reflecting the drop in commodity costs. Economists had projected that the measure, which averaged 65 in 2007, would drop to 20.
Automakers have been among the hardest hit as November sales plunged to the lowest level in a quarter century, according to industry figures. President George W. Bush announced Dec. 19 that General Motors and Chrysler will get $13.4 billion in initial government loans to keep operating while they restructure operations to return to profitability.
Automakers Hit
The carmakers last month expanded their traditional holiday shutdowns to clear out unwanted stock. Chrysler idled all 30 of its assembly plants on Dec. 17 for at least a month, while GM announced output cuts Dec. 12 that affected 20 plants.
The closings will extend into this month. Ford Motor Co. said 9 of 15 North American factories would shut for the first week in January.
The U.S. Treasury this week issued broad guidelines for aid to the auto industry, opening the door to using taxpayer money to finance a wider array of companies, such as GM's bankrupt former parts unit Delphi Corp.
The factory slump has spread well beyond autos as demand from abroad also weakens. Ingersoll-Rand Co., the maker of Thermo King and Hussmann refrigeration equipment, said last month that profit will fall short of fourth-quarter and full-year estimates after demand declined "sharply" in North America and Western Europe.
"Probably the U.S. and developed world are in recession," General Electric Co. Chief Executive Officer Jeffrey Immelt said in his annual outlook address on Dec. 16. "The environment is still the toughest, for people of my generation, that we've ever seen."
U.S. exports dropped in October for a third straight month, leading to an unexpected widening in the trade gap, figures from the Commerce Department last month showed. The drop indicated the economy was sinking even faster than previously estimated.
To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net
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China Manufacturing Shrinks for 5th Month on Exports (Update1)
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By Li Yanping
Jan. 2 (Bloomberg) -- China's manufacturing contracted for a fifth month in December as recessions in the U.S., Europe and Japan sapped demand for exports, a survey showed.
The CLSA China Purchasing Managers' Index stood at a seasonally adjusted 41.2, compared with a record low of 40.9 in November, CLSA Asia-Pacific Markets said today in an e-mailed statement. A reading below 50 reflects a contraction.
Manufacturers in industries from metals to toys are reducing production or closing down. Aluminum Corp. of China Ltd., the nation's biggest maker of the metal, and Yunnan Tin Co., the world's largest producer of tin, cut output as prices fell.
"Chinese manufacturing was very weak in December," said Eric Fishwick, head of economic research at CLSA in Singapore. "With five back-to-back PMIs signaling contraction, the manufacturing sector, which accounts for 43 percent of the Chinese economy, is close to technical recession."
The output index fell to a record low of 38.6 last month from 39.2 in November, while the measure of new orders rose to 37 from 36.1. The index of export orders jumped to 33.6 from 28.2, CLSA said.
"Chinese manufacturers reduced the size of their workforces at the fastest rate recorded by the series to date," today's report said. An employment index tracked by CLSA has contracted for five consecutive months to 45.2 in December.
Economic Growth
China's economic growth may have slipped to 5.5 percent last quarter, the weakest pace in at least 15 years, according to Shanghai-based Industrial Bank Co.
The economic slide may intensify pressure on the central bank to keep cutting interest rates after five reductions in three months and as the government rolls out a 4 trillion yuan ($586 billion) spending package announced in November.
Central bank Governor Zhou Xiaochuan pledged Dec. 31 to continue a "flexible" monetary policy. Capital Economics Ltd. forecasts the key one-year lending rate will fall by at least 81 basis points from 5.31 percent in the first half of this year.
A drastic slowdown in industrial-output growth is mainly due to companies running down excess inventory, central bank Vice Governor Yi Gang said Dec. 26. That process may continue until the end of the second quarter, Yi said.
Government Boost
Exports fell for the first time in seven years in November, imports plunged and industrial output grew at the slowest pace in almost a decade. The government has responded to the deepening slowdown with the stimulus package running through 2010, interest-rate cuts and reductions in export taxes.
It has also stalled the yuan's gains against the dollar since mid-July. A weaker currency helps exporters by keeping down prices in overseas markets.
China needs to boost consumption and prepare more measures to tackle the global financial crisis, the central bank said Dec. 31. It reaffirmed a "moderately loose" monetary policy.
The CLSA index, started in 2004, is based on a survey of more than 400 manufacturing companies and tracks changes in output, orders, employment, inventories and prices.
To contact the reporters on this story: Li Yanping in Beijing at yli16@bloomberg.net
Last Updated: January 1, 2009 21:49 EST
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[/td] [/tr][/table]Russia and Europe also contracted.
