Stock Market Crash

[Dolfan]

I think I am going to jump in and become 100% invested in the next week to 10 days.

I am 100% in cash.
Liquidated everything today.

Now that's fickle!

[Kenneth J. Chadwick]

Now that's fickle!

Dolfan:

What does this tell you about me?

My girl friend of 40 years, thinks I am crazy.

I took some profits.

I didn't want to lose the profits.

Today I am right with my decision making process.

I am not enamoured with the Obama stimulus plan.

I listened to Squawk Box, Cramer and Top Gun Trader.

Top Gun Trader tells me to lighten up.

Therefore I pulled the trigger.

I will be traveling for the next 10-12 days throughout the eastern part of the US.

I will be away from the market.

Happy Monday.


Kenneth

[Kenneth J. Chadwick]

Here we go everyone.

Quote from my Investment Adviser:

So there you have it – the reasons for the -4% manic Monday. However, the question now becomes: Will the shellacking continue? At first blush, our answer would be yes. The severity of the decline as well as the impetus for the fall would seem to indicate that there is more selling ahead. However, we’d really prefer to get a peek at today’s action before passing judgment.

Out of the market right now.
Watch the carnage.


Kenneth

[Moon]

So, your investment adviser said, basically, nothing.

You might as well read your  horoscope.

/I hope you're not paying this guy.

[mottoman]

he's paying a lot of commissions!

[mel4600]

Cash is King right now and its a great idea to stay there for a while.

[samstar]

The two stocks I offered on 3/25 have done quite nicely.  HBANP is at $340 paying $85.00 per year dividend and SFL is up to $7.20 paying a rather respectable dividend also.   I also like ACAS as a double at $1.90.  Financials led us down and should lead us up. I suppose that Comrade Obama could screw the recovery up but I think that we are in a slowly rising market.

HBAnP is now $720 and has paid a $42.50 dividend since I recommended it at $250
SFL is at $11.60 and is ex dividend at .30 since I recommended it at $6.00
ACAS is at &3.20 and is ex dividend of $1.30 since I recommended it at $1.90
Wish I could pick a couple of horses like I picked that above stocks.
someone tell me you picked up one or two of these.

[Klink]

OMG....Just spent 45 minutes reading this beauty

Chadwick..you are either Bell's Bend's Boy or someone immitating him...and you know what I mean. When Cramer tells you to go left hand on Friday, do you follow?

[mel4600]

HBAnP is now $720 and has paid a $42.50 dividend since I recommended it at $250
SFL is at $11.60 and is ex dividend at .30 since I recommended it at $6.00
ACAS is at &3.20 and is ex dividend of $1.30 since I recommended it at $1.90
Wish I could pick a couple of horses like I picked that above stocks.
someone tell me you picked up one or two of these.

Pretty impressive. Were there solid reasons for you optimism on these stocks or were they just a hunch?

[samstar]

Hungtington bank preferred was a new issue in March of o8 with a 8.5% return at $1000.  fidelity bank bought most of the stock.  When it went down to $250 with the other financials it had a 45%  dividend.  Even if it never went up a dime, I would be satisfied with that.  I expect the bank to offer an exchange at a good premium soon because the the fed is not taking kindly to the capital profided by preferreds.  Even at $720, the dividend is over 11%.
ACAS has a book value of almost $10.00.  They are out of faaor, but they are making pretty good money.  I knew that the dividend was coming because they operate as a general partneship and the consequenses of not paying out their profits are veery serious.  Well run
company that is out of favor.  Ship finance is basicly a bank that buys and leases out big ships and oil rigs.  Their leases are 10 or more years and their earnings are phenomanal.  Just out of of the nature of favor because  the nature of the business.
Oh by the way, I was a little lucky too.  Sure helped me recover some of my losses.

[Grinder]

Gold just keeps on marching to new highs.

Up 14 percent in the last 4 weeks.  Weak dollar due to several factors
and many fear an inflation spike coming.  Hope they are wrong.

http://news.yahoo.com/s/afp/20091116/bs_afp/forexeurope_20091116120712