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DigitalDisco (< 20)

Crushed

Recs

5

September 02, 2009 – Comments (6)

DigitalDisco beat the market on Tuesday.  It's like TMF is taunting me because my actual holdings got cruuuuuuuuuuushed today.  In my humble opinion, the market didn't NEED a correction.  We're still well below pre-boom levels and every economic indicator has been on the positive side for several months now.  The only thing still negative is unemployment, however, historically unemployment lags recovery by several months.  When unemployment starts to return to normal levels, the economy will already be recovered.

 

I'm not going to talk about any specific stocks because there weren't really any winners today.  Let's see what tomorrow brings.

6 Comments – Post Your Own

#1) On September 02, 2009 at 7:58 AM, TSIF (99.96) wrote:

The market "needed" a correction because MM's and other big players needed to go bargain hunting again one more time. This will continue through Friday and we will go back up Tuesday. :)

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#2) On September 02, 2009 at 10:23 AM, goldminingXpert (29.60) wrote:

You're not going to like the next few months then. 200 points isn't a correction. 2,000? Yes.

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#3) On September 02, 2009 at 11:02 AM, catoismymotor (< 20) wrote:

I believe that GMX is on the right track. There are too many short term and long term senarios yet to play out that will have a negative impact on the market.

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#4) On September 02, 2009 at 12:00 PM, DigitalDisco (< 20) wrote:

GMX feeds my point.  From an objective standpoint, we're fairly close to where we should be.  200+ drops are purely psychological at this point.  Skittish investors are creating massive opportunities for people with cash and strong stomachs right now.  As much as I hate watching my tiny little portfolio tumble 7% in a day, I'm going to love tripling my money in the next 24 months because I'm objectively absorbing the news being presented to me on the overall health of the economy and not listening to unfounded rumors of major bank failures.  Any substantial drop is less numbers-based and more Bird Flu-esque.

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#5) On September 02, 2009 at 2:36 PM, goldminingXpert (29.60) wrote:

-7% on a -2.5% day in the market? What the heck are you doing, you're going to be broke by Christmas if you don't cut back your leverage.

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#6) On September 02, 2009 at 2:43 PM, prose976 (< 20) wrote:

Follow my Fool blog

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=252328&t=01001882548745899321

to discover how not to let this happen to you again.

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