Welcome to your nightmare! Lots of doom and gloom and how you " feel" and you feel terrible! Depressed, down and out, hopeless and looking for your emotional rescue? Well I would love to kick your ass down the chute cause you deserve it.. no sympathy for the cowards and weak.
You know what? You're a fucking annoying little pissant, and you're lucky you've escaped a severe ass beating thus far in your life. But I fret not, because you're going to take an ass pounding real soon. Stock up on the KY, and go long on your Cramer mo-mos. See ya', bitch.
http://online.wsj.com/article/SB120450569895406511.html?mod=hpp_us_whats_news http://online.wsj.com/article/SB120450759473906557.html?mod=mkts_main_news_hs_h
Have you ever been in a bear market? A case could probably be made that the dangers of this credit mess are larger than that of the dot com bust. If you agree with that a return to 2003 levels cannot be ruled out.
There is no panic yet. Wait until panic hits for real. With that said, SENSEX is starting to look more attractive, but only beginning to do so.
With that attitude you will never buy anything. ALL assets are risky, even cash (inflation/devaluation risk). Gold was risky at $300, at $400, at $500 etc. You need to get over your fear of risk, otherwise you will be condemned to earn 4% per annum, minus taxes and inflation i.e. diddly squat.
Just in case any of you guys think holding stocks long term is a sure win and you can't go wrong just remember what happened to Japan (Nikkei-225), 15 years after hitting its all time high it was a quarter of its value. Happy trading to all
Its really starting to get on my nerves when people say all the bad news has been priced in already. If we were down 25-35% on the S&P, I would agree maybe the news has been priced in. Even with all the horrible news and what seems like constant selling we arent even in the long overdue bear market yet. People really should think about that before wondering what has or has not been priced in. 15 lousy percent of the highs, thats all this damn market has lost.
The bad news has only begun to be digested by the market. Holding equities is risky, and any recovery will be painstakingly long as more balance sheets and crippled players need to be wiped out. Get the hell out.