Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - The ongoing financial turmoil and financial discussion thread

Claeren · 11-20-2008, 02:39 PM

That is what I am here for! lol

Cue the 'NOW it is market bottom and time to buy' talk!

As I have said a few times now, volatility rules the day right now (just like during almost the entire depression, where records were set for both one day losses AND one day gains) so I am sure the markets will keep bouncing up and down. Just don't get tricked by those 'ups'. The thing that makes me nervous is that 9-of-10 friends who invest right now all think the same thing, 'the market has hit bottom so buy-buy-buy', and that was at a ~8300-DOW! When most people who actually invest are all invested because they think 'it has to go up' it seems to me we are set to keep falling because it never 'has to go up'. If anything, i see a lot of amateurs out there getting hammered while the big boys sell off their positions all the way down....

On a side note though, regarding the Real Estate discussion in the other thread, as I had predicted Calgary home sales have hit a wall and this months numbers are looking worse and worse each day. We are talking outright BAD nightmare scenario numbers for home owners, not just a bit depressing....

Claeren.

11-20-2008, 02:39 PM	#549
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	That is what I am here for! lol Cue the 'NOW it is market bottom and time to buy' talk! As I have said a few times now, volatility rules the day right now (just like during almost the entire depression, where records were set for both one day losses AND one day gains) so I am sure the markets will keep bouncing up and down. Just don't get tricked by those 'ups'. The thing that makes me nervous is that 9-of-10 friends who invest right now all think the same thing, 'the market has hit bottom so buy-buy-buy', and that was at a ~8300-DOW! When most people who actually invest are all invested because they think 'it has to go up' it seems to me we are set to keep falling because it never 'has to go up'. If anything, i see a lot of amateurs out there getting hammered while the big boys sell off their positions all the way down.... On a side note though, regarding the Real Estate discussion in the other thread, as I had predicted Calgary home sales have hit a wall and this months numbers are looking worse and worse each day. We are talking outright BAD nightmare scenario numbers for home owners, not just a bit depressing.... Claeren. Last edited by Claeren; 11-20-2008 at 03:11 PM.