The Workermonkey

Wednesday, October 14, 2009

Sell Sell Sell! 

# posted by Brancibeer @ 10/14/2009 05:18:00 PM

DOW ended at over 10K today for the first time in a year. Did you buy low? I did a little, but not too much.

Where's it headed? Your financial predictions are always welcome on this blog.

3 comments

i've been kicking myself for not buying more earlier. i'm going to sell on this up swing and wait a little bit. i think some of the fourth quarter numbers are going to look really good again after all the sitmulus money has finished trickeling down and boost consumer confidence again after a lull.

By  Supreme Monkey Overlord, at Thursday, October 15, 2009 7:59:00 PM  

I sold everything in 2007 before a hint of a decline, anticipating not this crisis, but the one that will result from the markets realizing we've past peak oil. That one hasn't happened yet, so in the long term, I think our financial system is shot. It's built on cheap oil, cheap labor, ever increasing productivity, a unsustainable short-term perspective, outsourced everything and now just inventing financial gadgets that don't even do anything. No idea where the short term market is going.

By  Damon, at Friday, October 16, 2009 6:12:00 PM  

I love how "increased productivity," really means, "some people got laid off and others are doing more work."

By  wyldshaman, at Monday, October 19, 2009 11:58:00 PM  

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