05-06-2010, 01:11 PM
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#2
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Draft Pick
Join Date: Feb 2010
Location: Calgary, AB
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Time to buy then!
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05-06-2010, 01:13 PM
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#3
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Franchise Player
Join Date: Oct 2006
Location: Calgary
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It is the Greeks debt crisis' fault in this case.
__________________
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05-06-2010, 01:16 PM
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#4
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Powerplay Quarterback
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Greece is just the start of it, there are many others that might have their credit rating down graded as well (Portugal, Spain etc).
Time to buy, perhaps. However I am personally going to wait. Things are either going to recover with a Greece bailout or they are going to drop significantly at which point I'll be loading up......kind of like I did in Jan/Feb of 09 
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05-06-2010, 01:16 PM
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#5
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Wucka Wocka Wacka
Join Date: Nov 2003
Location: East of the Rockies, West of the Rest
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Agreed...time to pick up some fundamentally strong stocks on sale...
__________________
"WHAT HAVE WE EVER DONE TO DESERVE THIS??? WHAT IS WRONG WITH US????" -Oiler Fan
"It was a debacle of monumental proportions." -MacT
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The Following User Says Thank You to Fozzie_DeBear For This Useful Post:
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05-06-2010, 01:21 PM
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#6
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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I should've warned you guys. This always happen a couple days after I buy.
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The Following User Says Thank You to Table 5 For This Useful Post:
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05-06-2010, 01:21 PM
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#7
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#1 Goaltender
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I was going to start a thread on that. How does the DOW drop to 900 in one day and then within 20 minutes recovers 300 points. That is insanity. Loonie down, oil down over 10 bucks in the last few days. I guess it is May after all...
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05-06-2010, 01:23 PM
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#8
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Powerplay Quarterback
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yea, wish the canadian dollar hadn't dropped also, down to 93 cents at one point this afternoon, if it was even i would be shifting money and buying american stocks, but for now i am hoping the stocks i have rebound. one of them lost 30% today! yikes! not panicking though, they will come back. if i had more liquid cash i would be buying more, greece credit crisis is having a bigger effect than i thought, might as well wait a bit anyways as it doesn't look to be improving very soon with other countries having credit problems as well
__________________
GO FLAMES, STAMPEDERS, ROUGHNECKS, CALVARY, DAWGS and SURGE!
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05-06-2010, 01:24 PM
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#9
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RANDOM USER TITLE CHANGE
Join Date: Jan 2010
Location: South Calgary
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Quote:
Originally Posted by Fozzie_DeBear
Agreed...time to pick up some fundamentally strong stocks on sale...
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I would wait a bit longer. Usually the market will rebound after a day like today and then fall lower again afterwards. The discounts might get even better in a week.
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05-06-2010, 01:24 PM
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#10
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Lifetime Suspension
Join Date: Jul 2009
Location: Enil Angus
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Took a pretty good haircut today on stuff I bought 10 days ago. XLF especially.
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05-06-2010, 01:28 PM
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#11
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Powerplay Quarterback
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wow, markets bounce back closer to reality, my 33% drop is now 6% drop. big reaction to the greece thing, people overreacting or something, dollar still down to 94.5
__________________
GO FLAMES, STAMPEDERS, ROUGHNECKS, CALVARY, DAWGS and SURGE!
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05-06-2010, 01:28 PM
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#12
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Lifetime Suspension
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Quote:
Originally Posted by red sky
Loonie down, oil down over 10 bucks in the last few days.
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And gasoline just went up 12 cents here in the north... wtf ?
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05-06-2010, 01:29 PM
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#13
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Lifetime Suspension
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Nothing like a 600 point drop and recovery within 10 minutes. 
Panic and margin calls?
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05-06-2010, 01:37 PM
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#14
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CP Pontiff
Join Date: Oct 2001
Location: A pasture out by Millarville
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Quote:
Originally Posted by North East Goon
Nothing like a 600 point drop and recovery within 10 minutes.
Panic and margin calls? |
Sounds like some kind of error over P&G stock which triggered technical program selling . . . . . . which triggered technical program buying to put us back where we were.
An unneccesarily exciting 10 or 20 minutes.
Cowperson
__________________
Dear Lord, help me to be the kind of person my dog thinks I am. - Anonymous
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05-06-2010, 01:39 PM
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#15
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Appealing my suspension
Join Date: Sep 2002
Location: Just outside Enemy Lines
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Yeah, there was about a 8 minute stretch there where it was insane how fast the market went down and than rebounded. Electronic trading at it's finest.
__________________
"Some guys like old balls"
Patriots QB Tom Brady
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05-06-2010, 01:42 PM
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#17
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Franchise Player
Join Date: Jan 2010
Location: east van
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I'm think I'm going to buy a little seaside place in Greece, should be cheaper than detroit soon enough and the view is so much nicer!!
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05-06-2010, 01:49 PM
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#18
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Franchise Player
Join Date: Sep 2005
Location: 110
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Quote:
Originally Posted by afc wimbledon
I'm think I'm going to buy a little seaside place in Greece, should be cheaper than detroit soon enough and the view is so much nicer!!
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Maybe buy a few meters up the hill. You know, so it's seaside when the ice melts in 2012. ;-)
__________________
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05-06-2010, 01:49 PM
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#19
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Franchise Player
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Just make sure you don't let your pregnant wife anywhere near them . . .
. . . too soon?
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05-06-2010, 01:50 PM
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#20
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CP Pontiff
Join Date: Oct 2001
Location: A pasture out by Millarville
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Quote:
Originally Posted by afc wimbledon
I'm think I'm going to buy a little seaside place in Greece, should be cheaper than detroit soon enough and the view is so much nicer!!
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And you can get mammoth bailout packages while paying no taxes.
http://www.nytimes.com/2010/05/02/wo...e&ref=homepage
Sounds like Greece wasn't the cause of the 10 or 20 minutes of excitement.
Cowperson
__________________
Dear Lord, help me to be the kind of person my dog thinks I am. - Anonymous
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Stock Markets Getting Killed
