ernie@lrchouston.com
Fewer and fewer people are in the stock market game, just like more and more people are having their homes foreclosed. Brokers want YOUR MONEY. Stock brokers make money when you buy and sell stocks. The story line, the stock market game is that you can make money when the market is going up and you can make money when the market is going down. Yes, and miracles happen- every now and then!
In the last ten trading days, the Dow has been down TRIPLE digits on five occasions (215, 138, 154, 195, and 293 yesterday). The Dow has been up TRIPLE digits on two occasions (417 and 420 two days ago). In the last two trading days the market has been up 420 (75 basis point interest rate reduction) and down 293 points the following day.
Listen, there are very few pros with money to lose that can make money in that kind of action, let alone the small money people. It's lambs to slaughter time!
The Dow Jones industrial average lost nearly 300 points or 2.4%, according to early tallies. The broader Standard & Poor's 500 index lost 2.4%. The Nasdaq composite lost 2.6%. Slumping oil and gold prices did little to relieve inflationary worries and instead sparked a big selloff in oil services and metal and mining stocks.
And as I've been saying for months now, we'll be seeing gold prices move $25-$50 on ONE DAY whereas it would normally take a week to see such moves. After gold crossed the $1,000 an ounce mark several days ago, the yellow commodity sank a whopping $59 Wednesday. Owning the real thing (coins or bullion) was less hurtful than owning the stocks which fell anywhere from 7-10% in a few hours.
Don't buy into the news that you can make money in this market. Sleep well at night. Keep your money in cash even though it pays little. You get to sleep at night and you're not losing money. If you think all is well, wait til you see your first quarter 401(k) results next month. And real estate prices are not at the bottom yet!
The stock market game is a serious one currently and only the most seasoned players should be at the gaming tables- meaning those who can LOSE and it doesn't matter all that much.
- Related Videos
- Related Articles
- Ask / Related Q&A
- Best Rated Gold Buyer - Only Do Business With a Best Rated Gold Buyer
- Best Rated Gold Buyer - Where Can You Find a Best Rated Gold Buyer
- Gold Coins are the Safest and Most Risk Free Form of Investing Ones Savings
- Planning a Family Vacation in Australia: a Look at Gold Coast Theme Parks
- Sell a Gold Ring - How to Sell Gold Jewelry For the Most Cash Possible
- Sell a Gold Ring - Where to Sell Gold Jewelry and Not Get Scammed
- Gold Jewellery-A Way to Make Extra Cash
- How to Buy Gold Bullion With Ease?
SPECIAL REPORT - How Did Sierra Leone Performed In The Year 2009 Failed Economy or Gradual Process of Growth
By: Muctaru Wurie | 30/12/2009A review of Sierra Leone's economic performance in 2009, with the prospect that lies ahead for the country in 2010 and also a brief look into the field of sport and the media in Sierra Leone.
Referencement Site Internet Reims and SEO Web design Tips
By: Tobias Ruth | 30/12/2009SEO web design in France is the process of developing a website (in French known as référencement site internet reims) that is search engine-friendly, leading to increased rankings in the search engines and better positioning means more customers. Scientific studies demonstrate that the majority of people who visit a website for the first time originally find it through a search engine.
What Changes In An Unchanged Economy?
By: Knight Pierce Hirst | 29/12/2009The dictionary defines economy as management of income, expenditures, etc of a household, government, etc. However, in 2009 there's a four-letter-word definition - mess.
Cash (for Clunkers) Left on the Table
By: daron amick | 28/12/2009A quick analysis of the "Cash for Clunkers" program suggesting that car dealers did not maximize earning potential, or the government over-subsidized the program. This is based on an elasticity coefficient calculation.
Safe is the New Risky
By: dawn gilcrest | 28/12/2009A discussion on the economics of the world have changed and the impact it is having. Learn how knowledge and information are more powerful than ever.
Why Bankers Don't Deserve Bonuses!
By: Peter Moore | 26/12/2009If you have been living in a hole for the past year then you may be forgiven for thinking that the credit crunch is a new type of biscuit. However, this credit crunch has hit us all in one way or another and has seen the biggest worldwide recession for many years.
Oil prices rise above $76 on inventory drop
By: Olukunle Odebo | 24/12/2009Nigeria's current account may have been buffeted as oil prices, which had earlier slumped in defiance of exporting nation's initiatives, rose yesterday to close above $76 a barrel.
Coming Food Crises (Part #3)
By: Ernie Fitzpatrick | 24/12/2009What's safe to eat to eat these days and who can we turn to for the right answers? Can the government protect us?
The Big Bang?
By: Ernie Fitzpatrick | 29/12/2009 | NatureIs there but one universe- ours? What's up with the BIG BANG and how have we come to the theories that we now embrce?
2010 Predicting
By: Ernie Fitzpatrick | 29/12/2009 | NatureIt's a good thing that we're co-creators and in anoterh sense, it's not a good thing because we're subject to the whims of the neigbors next door and in the Orient.
The Dresden Codex
By: Ernie Fitzpatrick | 29/12/2009 | PhilosophyWho knows what we might find or better yet what we might be smart enough to discern from what we've already found?
Happy New Year- 2010
By: Ernie Fitzpatrick | 29/12/2009 | News & SocietySo, you've made it to 2010. Will you make it to the end of 2010? What might you do to make the year more enjoyable for both yourself and your friends?
Going Rogue
By: Ernie Fitzpatrick | 29/12/2009 | SpiritualityWhat seems so simple, we doing things ourselves, can turn out to be the most deadly decision and act ever!
That's Not God!
By: Ernie Fitzpatrick | 27/12/2009 | ReligionHave any of your religious doctrinal beliefs changed in 2009? If not, why are you stuck when God is dynamic, flowing, and calling us HIGHER?
Beyond Skin
By: Ernie Fitzpatrick | 27/12/2009 | MysticismWe have so many things to learn; however, our current path and journey is not revealing a desire to do so!
Homo Sapiens Sapiens?,
By: Ernie Fitzpatrick | 27/12/2009 | CultureWhere are we headed with our current thinking and living? Can we change the destructive nature of our current path in 2010? Will we?