Where's Geithner and Bernanke when you need them?

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Submitted by Coronita on June 1, 2012 - 8:35am

QE3 no wait, QE4,,, no wait, I lost count....
QE5 anyone???? Where's the bailout package when you need one?

:)

Lol.....

Submitted by The-Shoveler on June 1, 2012 - 8:53am.

Well I officially don’t feel bad anymore about sitting on the side lines this year.

Though really I would be much better off if the whole Ponzi D’oh!, I mean economy kept going.

Submitted by sdrealtor on June 1, 2012 - 8:59am.

Wait for it....

Submitted by Coronita on June 1, 2012 - 9:21am.

I got a better plan. They just need to send more people to space and mine some of the asteroids, and bring back the proceeds...

http://www.reuters.com/article/2012/04/2...


Google Inc executives Larry Page and Eric Schmidt and filmmaker James Cameron are among those bankrolling a venture to survey and eventually extract precious metals and rare minerals from asteroids that orbit near Earth, the company said on Tuesday.

.....

....

Planetary Resources also declined to discuss specifics about how and when asteroid mining would begin. A 30-meter long (98-foot) asteroid can hold as much as $25 billion to $50 billion worth of platinum at today's prices, Diamandis said.

Submitted by sdrealtor on June 1, 2012 - 9:58am.

Just as long as they dont mine Zyngaloid. I hear the market for that is plummeting.

Submitted by Coronita on June 1, 2012 - 11:21am.

Time to start moving money back into funds/stock markets...Man, what a doozy.....

That didn't take long to turn negative for the year...

Submitted by The-Shoveler on June 1, 2012 - 12:55pm.

I may try a bounce trade this afternoon with a very tight stop,

If It does not bounce big for a positive, I think I will stay on sides for a while here.

Submitted by SD Realtor on June 1, 2012 - 12:03pm.

Sell in May go away...

Submitted by The-Shoveler on June 1, 2012 - 12:54pm.

Well that did not look like it was going anywhere,
Out..

Submitted by Coronita on June 1, 2012 - 1:01pm.

SD Realtor wrote:
Sell in May go away...

Which year do we return?

Submitted by ltsddd on June 1, 2012 - 1:16pm.

flu wrote:
SD Realtor wrote:
Sell in May go away...

Which year do we return?

2012 - b/c I just moved 15% of my $ back into the equity market today. I'll sleep well knowing that I just bought the stuff for a 2+% discount compared to yesterday's prices. It'll be a different story if the market tanks again on Monday. Otherwise, I will be out again with a DCB. I am not greedy, I will take a 2 or 3% gain here and there anytime I can.

Submitted by The-Shoveler on June 1, 2012 - 1:59pm.

Hope you got good sleeping pills, Just kidding sort of,
Yea I was tempted to hold to see if a bounce happen on Monday.
BTW, ever hear the saying,
Stocks never hit a low on a Friday ….
Also bad sign this occurring at the first 3 trading days of the month IMO.

Anyway good luck..

Submitted by ltsddd on June 1, 2012 - 2:10pm.

The-Shoveler wrote:
Hope you got good sleeping pills, Just kidding sort of,
Yea I was tempted to hold to see if a bounce happen on Monday.
BTW, ever hear the saying,
Stocks never hit a low on a Friday ….
Also bad sign this occurring at the first 3 trading days of the month IMO.

Anyway good luck..

The market has been choppy and I have been doing quite well with some "hit-and-run" trades. The market run-up from late last year up until April or so made it pretty easy to decide to be defensive and respect the "sell in May and go away" adage. I have to say this though, once you're out of the market it's hard to get back in unless you see days like today.

Submitted by paramount on June 1, 2012 - 9:13pm.

ltsdd wrote:
The-Shoveler wrote:
Hope you got good sleeping pills, Just kidding sort of,
Yea I was tempted to hold to see if a bounce happen on Monday.
BTW, ever hear the saying,
Stocks never hit a low on a Friday ….
Also bad sign this occurring at the first 3 trading days of the month IMO.

Anyway good luck..

The market has been choppy and I have been doing quite well with some "hit-and-run" trades. The market run-up from late last year up until April or so made it pretty easy to decide to be defensive and respect the "sell in May and go away" adage. I have to say this though, once you're out of the market it's hard to get back in unless you see days like today.

You bulls couldn't be more wrong.

Listen to Peter Schiff - Peter Schiff was right.

Submitted by The-Shoveler on June 1, 2012 - 10:43pm.

I am hardly a bull these days,
Although I am not sold on Peter S. either.
Personally I can’t see how QEx will do much at this point, unless they do what Bush did, (send everyone a check).

Submitted by paramount on June 2, 2012 - 3:40pm.

The latest (June 1) in Peter Schiff commentary:

http://www.youtube.com/watch?v=f3HNIagO9a0

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