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IBDvalueinvestin (99.68)

All HELL Broke LOOSE today:

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3

February 23, 2009 – Comments (3) | RELATED TICKERS: GOOGL , GLF

GOOG Change: -16.39 is just one example. There are hundreds if not thousands of more examples how all hell broke loose today. Even stocks that beat estimates by a wide margin had a tough time staying green. One such stock was GLF, which went as high as $24 to start the day only to finish at $21.13 

Nothing is working right, it dosn't ,matter if you pick a stock with great earnings or not. 

Every stock gets hammered in the market regardless of earnings , fundamentals, or prospects..

 

CASH is KING  

 

 

1997 stock lows hit today. That means if you invested in 1997, your investment is basically $0 for 12 years now. 12 years of no performance. Thats a hard pill to swallow for people that were planning on retiring.

3 Comments – Post Your Own

#1) On February 23, 2009 at 5:56 PM, greattrader1011 (29.39) wrote:

Not to mention that everything bought in-between the two times was a negative return.

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#2) On February 23, 2009 at 7:43 PM, ThoughtfulFool (< 20) wrote:

"Nothing is working right"

Considering the economic realities we face today, I think it's working just fine.  It may not be working the way one wants it to work if one is stubbornly bullish, but it is working the way it should.  This is a market crash - so far looking like the one in 1929-1933.  If you want to make money in it in the near future, look at shorting it and don't be too eager at finding a bottom.

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#3) On February 24, 2009 at 8:29 AM, IBDvalueinvestin (99.68) wrote:

Shorting just adds to the misery of American companies, I rather just sit on the sidelines.

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