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TMFBro (< 20)

Raise your hand if you thought the market would drop today



March 11, 2011 – Comments (4) | RELATED TICKERS: SPY , DIA , QQQ

As we Americans awoke this morning (and rubbed the stink bugs out of our eyes, at least if you live where I do -- though they may soon meet their nemesis), we were greeted with the news of the earthquake and tsunami in Japan, as well as (though not as important, of course) global stock markets declining as a result. So raise your hand if you thought U.S. stocks would be down today.

Come on, be honest...

OK, mine is up, too. 

Well, the market is up. The storyline is that the event caused the price of oil to drop, which thus caused stocks to rise. Of course, the market is the sum of decisions made by millions of investors (well, nowadays, computers), so it's never truly knowable after the fact what makes these investors/computers/cyborgs do what they do. However, I do know that trying to predict what they'll do before the fact is even more difficult. 

Robert Brokamp, CFP®, is the senior advisor for the Fool's Rule Your Retirement service.


4 Comments – Post Your Own

#1) On March 11, 2011 at 2:18 PM, dragonLZ (90.79) wrote:

I went all in (no more cash left) this morning (had approx. 30% cash as of late).


Two of my buys were NLS and S. Bought both early this morning while the market was down (NLS was down at that time, and S was still at yesterday's closing price).

Plan to blog about these two buys very soon (when I have more time). Looking for quick 30% gains. 

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#2) On March 11, 2011 at 3:03 PM, SultanOfSwing (32.42) wrote:

When I woke up I did think we were headed downward for the day. I admit it - so both hands up.

Here's a bold prediction for next week:  The close on Fri 3/18 will be lower than today's 3/11 close being that next week is the "Ides of March".   The news headline will be that European sovereign debt will rear its ugly head again.

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#3) On March 11, 2011 at 5:30 PM, nuf2bdangrus (< 20) wrote:

I know better.  Weak futures means buyers come in.  The Fed is behind this market, especially in low volume. 

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#4) On March 12, 2011 at 4:32 AM, checklist34 (98.38) wrote:

i was hoping it would, oh well

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