My charts on the S&P500 show several ten percent corrections during the past year, the first in late Feb. early March and another on Aug. 3 which brought it to the same low point we now have.
That's three chances to get a 10% return if you can time it precisely.
With all the negative news now out, I see it where they will begin bringing in the positive news that will give you again a 10% return to year's end.
Certainly the bad news is alarming, no doubt.
But if I am correct, the big money will shortly begin buying up everything again like they did last Aug. 16...within half an hour, the Dow Jones surged five hundred points.
The most important aspect of the stock market, I believe, are interest rates. With low rates, money seeks better returns.
2007-11-22 09:10:42 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
I know next to nothing about the stock market and related matters. I let Edward Jones take care of that all for me...and they have done an excellent job for the past 12 years.
I know how I'm doing when I get my monthly statement and rarely give it a second glance.
However, after loosing bigtime last month, I am in contact with Jones to see about making changes. I probably will ride it out as I have done but....my investment in smallish (REALLY smallish) and I don't want many more hits like this one.
I just said to heck with it..... If I can lose that much in a month, might as well go on a cruise. So, I made a reservation. I'd rather "lose" it to Carnival Cruise lines that to watch it disappear into the cosmos.....HA!!!
2007-11-23 03:25:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hi, You kind of have it backwards, Its the shares that move the market. While the market goes up 1000 points, that doesn't mean company A automatically goes up. You can see this on an "up" day in the market. look at biggest winners and biggest losers. even in an up day, some stocks still go down. Share holders will make and lose money as the stock goes up and down, those are shares in the public float. Company A still owns company stock, and it can use those shares as currency. So as the share price increases, so does the value of the company.
2016-05-25 01:11:29 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You can try to be a timing artist or be a sector investor. I use sectors. A year ago I moved to Uranium silver and gold. Now I' moving to %50 cash because I don't know where its going from here. Frankly I don't think anyone does. If you stay fully incested selling options to protect from big swings can pay well and if your wrong you still have your stocks. good luck
2007-11-22 10:00:10 · answer #3 · answered by willywonker 3 · 0⤊ 0⤋
1
2017-02-14 22:43:13 · answer #4 · answered by Adam 3 · 0⤊ 0⤋
The more attempts the market makes at penetrating a long term support line, the more valid the penetration. The benefit of the doubt should go to the downside.
2007-11-22 15:14:57 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Take a look at all the indices.
The Amex has done better than the others.
They offer many ETF's . Money also looks for safety.
The global markets are helping us.
Only a very strong economy can do what this one has.
2007-11-22 10:57:38 · answer #6 · answered by Wayne P 4 · 0⤊ 0⤋
The answer to your question is simple: Yes
2007-11-22 15:04:39 · answer #7 · answered by Common Sense 7 · 0⤊ 0⤋