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What do you make of this past weekend on Wallstreet?

from i watched on CNBC this deal they got from the government will dilute share holders value by 99%

i guess that means AIG is basically worthless
 
there's something teribly wrong here with AIG.... over the weekend they were looking to secure $30~$40 billion in loans to cover their problems

why is it that 2 days later they need $85 billion to stay afloat?

someone is pocketing a lot of money b/c they knew the US government would get involved.

thats my 2cents on AIG (thats all i can afford)
 
Gutterpump said:
Wish I could but noone around here knows. Everyone's just left in suspense. It's going to come down to a last minute action and I'm likely to hear it on the news before anyone around here will know.

AIG has too much going for them to go down though, and there's only one division bringing down the numbers in a big way. They just need the time to liquidate some assets and regroup..just a short bridge loan. We will all know in one day afaik...one day may not be enough...hoping something will come through though.
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Sounds just like Lehmans on Monday. A few friends of mine over there said they were getting more info off CNBC then they were out of their own management. Then they were told they wouldnt be getting paid for the previous months work and to clear their desks and leave. Pretty sad really.
 
Nabisco said:
If you're 50+ and your 401k is tanking, you should have paid attention.

At 50-65 range you should have started to shift your portfolio into lower risk avenues. And it's not like you haven't seen this market drop coming for oh...I don't know...at least a year. Plenty of time to liquidate your shares of stock or your mutual funds and either drop it into bonds, or protect it by keeping it on the sidelines.

And for the rest of you gentlemen out there, you should be doing a skippy dance and saving every penny possible over the next 12 months to invest with. Because there are TONS of stocks sitting way under value due to the times. Buy them now, or hold off until the market begins its slow climb back to normalcy. In the next few years there is going to be plenty of money to be made. While all your friends panic and sell sell sell, take the time to research some stocks and buy buy buy.

:fool2:
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"buy in gloom, sell in boom"!
 
Nabisco said:
And for the rest of you gentlemen out there, you should be doing a skippy dance and saving every penny possible over the next 12 months to invest with. Because there are TONS of stocks sitting way under value due to the times. Buy them now, or hold off until the market begins its slow climb back to normalcy. In the next few years there is going to be plenty of money to be made. While all your friends panic and sell sell sell, take the time to research some stocks and buy buy buy.

:fool2:
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great advice.

everything will return to normalcy and be back on the upswing in a few years. we need to stop this 'sky is falling' mindset, sitback, and ride out the storm. our economy needs to go through these cycles to clean out everything.

any one know of a good book or website that will teach me how to better evaluate stocks... especially their value and how to determine when one is a bargain. i understand somewhat how the game works, but definitely need to learn more before jumping in.... thanks all.
 
Palo Alto Labs said:
great advice.

everything will return to normalcy and be back on the upswing in a few years. we need to stop this 'sky is falling' mindset, sitback, and ride out the storm. our economy needs to go through these cycles to clean out everything.
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Its an election year. The world must end until November.

any one know of a good book or website that will teach me how to better evaluate stocks... especially their value and how to determine when one is a bargain. i understand somewhat how the game works, but definitely need to learn more before jumping in.... thanks all.
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In all honesty, unless you actually live and breath this stuff its very tough to outperform any simple index fund. The amount of material is staggering on the subject and you can almost guarantee each author has a different philosophy of investing.

I know this will sound extremely generic, but actually read Jim Cramers books. They are very simplistic, explains the fundamentals of how most fund managers evaluate stocks and how they follow the business cycle then go from there. Even he suggests that if you don't have the time to constantly research your investments then just buy stock in an index fund. Under all the theatrics is some of the most fundamental and valuable information on the stock market to those new to the market.

Unless you are willing to take the time, loose a ton of money at first (hell I know traders that emptied 3-4 total accounts before making money) then it simply isn't for you.

Buy an index fund, wait 25 years and call it a day :)
 
Palo Alto Labs said:
great advice.

everything will return to normalcy and be back on the upswing in a few years. we need to stop this 'sky is falling' mindset, sitback, and ride out the storm. our economy needs to go through these cycles to clean out everything.

any one know of a good book or website that will teach me how to better evaluate stocks... especially their value and how to determine when one is a bargain. i understand somewhat how the game works, but definitely need to learn more before jumping in.... thanks all.
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The Intelligent Investor by Benjamin Graham. Written a long long time ago but very helpful.

The odd Warren Buffet book. He is good at getting the quick fix ideas out of your head and realising that long term can be very profitable.........especially now when some stocks are at all time lows. Lots of bargains to be had now.
 
Australian made said:
you are wrong, there is absolutely no control of whats gonig on at the moment. thats what the problem is.
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I'd be happy to be wrong. I cannot make you see the puppet strings, those you have to see for yourself. The ONLY thing that isn't controlled is the weather ......but give it time.
 
this has to be the biggest storm to ever make its way though wall street ever and its not over yet... we may be pass the 1/2 way mark but not at the end yet....

some more bad news from this afternoon...

Washington Mutual has put itself up for sale
Morgan Stanley mulling merger with Wachovia
 
neoborn said:
It is merely a chess game and we are the pawns / pieces. The game is played by the power brokers i.e. the major company owners and people in power that choose what to boost and what to drop. It is all about control.

Everything on Wall Street etc is done with a specific result in mind, which will happen since all the people with power work together to create the outcome...

The government, the companies do not care about you, they only care about controlling you and getting you to do what they need done!

I'll give you a guess, you may think it's conspiracy but when it is what is happening in a step by step process it's not...it's reality...one......world.......order.
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wow, thats ballsy..........

I must agree with your statements, though.
 
Rugger said:
Not really............
If anything it's the other way around......markets control governments.
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Matter of opinion..........

But my question is.......

I have 401k at work,,,,,,and i have had my ass handed to me for the last 12-16 months.........investing a total of 9% of gross income over the last 9+months, 18 percent for the 6months prior to that, prior to that i cant recall my investment %.

Should i double down in january and up my investment to 15+3% matched?

I am 36 years old......Or should i seek investments out of my 401k.

I use Nationwide through my work......

50% medium-high risk
50% low-medium risk

????????????
please help the ignorant in investing.
 
Kristofer68SS said:
Matter of opinion..........

But my question is.......

I have 401k at work,,,,,,and i have had my ass handed to me for the last 12-16 months.........investing a total of 9% of gross income over the last 9+months, 18 percent for the 6months prior to that, prior to that i cant recall my investment %.

Should i double down in january and up my investment to 15+3% matched?

I am 36 years old......Or should i seek investments out of my 401k.

I use Nationwide through my work......

50% medium-high risk
50% low-medium risk

????????????
please help the ignorant in investing.
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You're going to be fine. If you can afford to put more away, do so especially if they are watching. You're 36...this correction in the long term means nothing to you.

I know the media is telling you the world is ending but this happened in 86, 91, 99, 2001 and now. It will pass and the market will go back up...be patient.
 
J. Peterman said:
You're going to be fine. If you can afford to put more away, do so especially if they are watching. You're 36...this correction in the long term means nothing to you.

I know the media is telling you the world is ending but this happened in 86, 91, 99, 2001 and now. It will pass and the market will go back up...be patient.
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thank you very much. reps for a reply.
 
Kristofer68SS said:
thank you very much. reps for a reply.
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You might see more pain, but it will come around. If you want to invest individually, look into an S&P index fund. Statistically, they outperform most 401k's in the long run.
 
J. Peterman said:
You might see more pain, but it will come around. If you want to invest individually, look into an S&P index fund. Statistically, they outperform most 401k's in the long run.
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This is 100% true. Most of(more than 50%) fund managers dont match the S&P 500 index in many years. Add larger expenses to managed funds, and the choice is easier for "set it and forget it" investing.

Ask John Bogle, if you dont take my word for it....
 
J. Peterman said:
You might see more pain, but it will come around. If you want to invest individually, look into an S&P index fund. Statistically, they outperform most 401k's in the long run.
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Kristofer68SS, If you can control your 401k that would be the best option, especially if your employer has a matching plan.

30/30/30 foreign/domestic/risk, since your young that would be (high)risk, when you get older (low)risk.
 
morgans will be lucky to last the wkend, or so im hearing. not sure if this is the bottom just yet, there is no confidence in the market at all.
 
futurepilot said:
Kristofer68SS, If you can control your 401k that would be the best option, especially if your employer has a matching plan.

30/30/30 foreign/domestic/risk, since your young that would be (high)risk, when you get older (low)risk.
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okay, so i should move mine to high and medium-high risk?

When its time to make changes in january, i will research all the funds and seek advice then.

Thanks guys.
 
Kristofer68SS said:
okay, so i should move mine to high and medium-high risk?

When its time to make changes in january, i will research all the funds and seek advice then.

Thanks guys.
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I can only tell you what I do with my money, If you want "expert" advice then i would consult a broker. But personally? yes, I have my portfolio split between Foreign stocks, which some(most), are actually ADR's, so be diligent in finding out taxes etc that may be associated with them. Domestic, I like utility's. And the risk portion I had split between tech and petroleum, the petrol did great, and the tech (ISLN) went into the dumper. I'm currently in a class action lawsuit against them for violating SEC rules, but that's another story...
 
Kristofer68SS said:
okay, so i should move mine to high and medium-high risk?

When its time to make changes in january, i will research all the funds and seek advice then.

Thanks guys.
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Don't move anything. If you don't live and breath this stuff you simply will fail at picking stocks in the long run.

I've traded equities, grains, index futures, oil, gold, silver, etc...and if you do not follow this stuff 24/7 you will fail.

Stick to your 401k with low to moderate risk, or choose an index fund for now. Anything else and you will get scalped.

Brokers are their to collect commissions. They follow the playbook they are given and considering the amount of investment banks that have failed, their opinion means jack sh!t right about now.
 
Rugger said:
Not really............
If anything it's the other way around......markets control governments.
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Who do you think controls the markets? Keep looking up up up the chain. You don't see 'them' because they don't want to be seen. It's all closed doors and hush talk but actions speak louder than words. You do see the plan a little in the actions of large companies but usually what is happening is happening just underneath the print / story.
 
neoborn said:
Who do you think controls the markets? Keep looking up up up the chain. You don't see 'them' because they don't want to be seen. It's all closed doors and hush talk but actions speak louder than words. You do see the plan a little in the actions of large companies but usually what is happening is happening just underneath the print / story.
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you are far to paranoid.
 
I don't believe neoborn but that doesn't mean I believe you either.

Critical thinking is analyzing every aspect, there is no proof that it is controlled and there is no proof that it isn't controlled, I'm talking about beyond reasonable doubt.

The federal reserve system is crooked, either way there is very little one can do about that, so if we do have proof to prove either point(that it is controlled or it isn't) are you really going to do anything differently? I know I'm not.
 
Global corporations like Lehman Brothers, Merrill Lynch, Morgan Stanley, AIG, Goldmans Sachs.............um yes Neo they are all in control. Im sure BP and Shell also made the price of oil drop $50 as well cos its such a huge benefit to them.
 
J. Peterman said:
Don't move anything. If you don't live and breath this stuff you simply will fail at picking stocks in the long run.

I've traded equities, grains, index futures, oil, gold, silver, etc...and if you do not follow this stuff 24/7 you will fail.

Stick to your 401k with low to moderate risk, or choose an index fund for now. Anything else and you will get scalped.

Brokers are their to collect commissions. They follow the playbook they are given and considering the amount of investment banks that have failed, their opinion means jack sh!t right about now.
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Thank you again. Reps for the information. It seems like common sense, but i just dont live and breathe this stuff.

I know i am relatively young, so i "should" be okay.

All i really needed to know you answered........Aggressively invest while the prices are low.....they will go up.......

Thanks again sir.
 
Kristofer68SS said:
Thank you again. Reps for the information. It seems like common sense, but i just dont live and breathe this stuff.

I know i am relatively young, so i "should" be okay. I

All i really needed to know you answered........Agressively invest while the prices are low.....they will go up.......

Thanks again sir.
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You must spread some Reputation around before giving it to J. Peterman again.
 
You've made back the majority of what you lost in the last week in the last 48 hours.


As of 9:39am the market still isn't completely open because the volume to buy is so high.
 
J. Peterman said:
and if you do not follow this stuff 24/7 you will fail.
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If you have a stock that you know what their outlook is for the next quarter, then you can make an educated guess as to whats going to happen. It does involve a couple hours a week at least going over each holding, but its not impossible.
 
J. Peterman said:
As of 9:39am the market still isn't completely open because the volume to buy is so high.
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Probably the shorts covering.

Banning short selling completely is such a cop out. I am interested to see how long this "temporary" measure lasts. I have to believe forex traders are going to make a killing on going short on the dollar. It seems as if the fed is just begging for a dollar collapse. At least we will get 1000% GDP growth!

"It's only temporary!We had to do it! It's for the public good! This an emergency!"

The government seems to be reading right out of the Atlas Shrugged playbook.
 
futurepilot said:
If you have a stock that you know what their outlook is for the next quarter, then you can make an educated guess as to whats going to happen. It does involve a couple hours a week at least going over each holding, but its not impossible.
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Not necessarily true. Goldman, JP Morgan, etc...reported good earnings yet still got hammered. Best of breeds often get dragged down by the overall sector even though they are thriving.

If stocks were only judged based off of earning reports, it would be much easier. Its the reason many people shift towards futures because it takes into account everything, and removes many of the uncertainties of CEO comments, management decisions and sector strength.

The numbers simply don't support massive success with individuals who pick stocks.
 
DougMan said:
Probably the shorts covering.

Banning short selling completely is such a cop out.
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Nah...the amount of overall volume doesn't support a short covering. Some yes, but many of those extremely shorted stocks flushed out their positions yesterday.
 
Australian made said:
you are far to paranoid.
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Paranoia as per dictionary.com

1. Psychiatry. a mental disorder characterized by systematized delusions and the projection of personal conflicts, which are ascribed to the supposed hostility of others, sometimes progressing to disturbances of consciousness and aggressive acts believed to be performed in self-defense or as a mission.
2. baseless or excessive suspicion of the motives of others.

Going from (2) I would say that my thoughts on this subject are not from baseless inspirations or from excessive suspicion but merely come with my having my eyes seeing and my ears listening.

I'm totally fine with not having you believe me but just look around and see if you can see what is really happening...

If you only want to look so far as the control systems in place to keep us all as slaves to the system, even then you will see the puppetmasters.

Do you really think you're free...as your government takes your freedom, your supplements and recreational drugs? When do you think they will stop? When you are under control, that's when.

The system enslaves us all and frees none.

Anyhoo enough of me and this, perhaps we should start another thread or continue this another time / place.

When you see the masses around you being taken advantage of and enslaved....you will then see what's really going on, until then, if it happens, be happy, ignorance is truly bliss...
 
Really? Because I didn't know slaves got paid, could go on vacation, go live off the land in the woods or even leave the country permanently. I must be thinking of a different America.
 
^^^ there are so many opportunities for people to live very wealthy lives. I for one am on my way their. But im assuming like the masses you speak of that you look to the governement to pass the blame rather then your inability to get off your ass and make something of your life. You seem to be making a lot of excuses.

I hate paying my taxes as much as the next person but i get over it. So some roids and drugs got taken off the market, big deal. I still do all the things in my life that i've always wanted to do. The goverment has no control over these things. I really do not know what you are talking about here....clearly.
 
It's kewl. No worries. I wasn't really referring to any country other than the USA and the countries it controls Britain etc.
 
Good luck NEO.........

Food for thought though.......and there are about a million other videos(opinions)there too......

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Free my ass, these days you chase a f*cking rainbow and find the pot of gold, you find the f*cking IRS waiting for you with a letter stating conspiracy to commit tax evasion...:hammer:

Freedom...hehe....what a joke.....
 
Omen said:
Free my ass, these days you chase a f*cking rainbow and find the pot of gold, you find the f*cking IRS waiting for you with a letter stating conspiracy to commit tax evasion...:hammer:

Freedom...hehe....what a joke.....
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Its a matter of how you define "freedom". right? .......lol
 
Omen said:
Free my ass, these days you chase a f*cking rainbow and find the pot of gold, you find the f*cking IRS waiting for you with a letter stating conspiracy to commit tax evasion...:hammer:

Freedom...hehe....what a joke.....
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50% of a million dollars is better then 50% of nothing.
 
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