Rest of 2011 in Wall St?

Random Ramblings
1

Okay… This week wasnt very good for the Stock Market. Worst week since 08’ I believe… DOW fell a good 5.5% just today. How far will it go?

Whats the future in yall opinions? Continue to drop?

Thoughts anybody? We headed for a big double dip recession?

2

Ahh…Ford is around 10 bucks a share man. I remember when I had a chance to buy that at about 2 bucks a share…memories…

3

I’m showing Ford at 9.85 in after hours trading. It was up around 16 not long ago. I’m not sure what you’re seeing in the $2 range.
I just went from a pretty healthy monthly contribution to completely maxing out my TSP (401k). Other than that, I’m just paying down RE debt and building emergency savings. I’m not a trader, but I think it’ll be bad for awhile. I have a 25 year horizon so I’m going to continue maxing out my TSP and Roth IRAs and just treat the drops like buying opportunities.

4

Lol… wrong Ford. Sorry, was at work and in a rush. Will fix in post.

http://www.google.com/finance?client=ob&q=NASDAQ:FORD

Was in a rush at work, and didnt notice my mistake. lol

5

I see what you did. The ticker symbol for Ford Motor Company is “F”. You searched for FORD which is a company called Forward Industries.

6

Yeah, now i feel goofy. Thats what happened .My bad :anon lol. But anyway… how about the rest of the market? Any thoughts?

7

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      GR
8

Three long trades on the QQQ today yielded %1.2 …I feel like the luckiest guy in the world…Some real carnage …What worries me abt todays action is that some big names sold out…Hedge Funds…

9

good video…(trader’s take on next 12 months):

http://www.zerohedge.com/news/bbc-speechless-trader-tells-truth-collapse-comingand-goldman-rules-world

-Mike

10

I bought Ford on advice of fdjake on this board. I was leery when the company was in trouble and the price was $1.70 so I stayed away for a few weeks. When it stabilized and I knew chapter 11 wasn’t in its future bought in at $2.70. Sold shares off in chunks at $5, 6, 7, and 8. Wish I held it to it’s 52 week high of $19 but I got nervous and was trying to get my profits out before it dipped. Made plenty of money regardless, almost tripled my investment.

11

http://cache.backpackinglight.com/backpackinglight/images/turbo-bear-bag-hanging-4.jpg

-Mike

12

Not much left to go this year, but I’m hoping it starts going back up soon. The downward trend is getting real old.