It's April 25, 2024, 03:10:06 PM
Props... those were dope.I recently started investing my money in the stock market. I've always followed the market, and was always interested in investing, but never had the money to do so until now. I played on last week's volatility... went long on a couple financials at the beginning of the week, and dumped on Friday opening minute for a 35% gain. Anyways, I was wondering what you (or anyone else that may be into this) are planning on doing to capitalize on the situation.One thing that crossed my mind is.. the SEC halted short-selling of financials until Oct.2... the market was gonna jump on the news of the government bailout, but I think the financial sector got an extra boost from that ban on shorting, so the stock prices seem to have been artificially raised to a greater extent... do you think that once the ban is lifted, these stocks are gonna plummet? Also, taking the current economic conditions, coupled with the government bailout, into account... we can probably expect increased inflation, lower interest rates, and a weakening dollar... I'm thinking of going long on gold & oil... what you think?
Quote from: Though Death Is Callin, I'ma Keep Ballin on September 21, 2008, 01:40:05 AMProps... those were dope.I recently started investing my money in the stock market. I've always followed the market, and was always interested in investing, but never had the money to do so until now. I played on last week's volatility... went long on a couple financials at the beginning of the week, and dumped on Friday opening minute for a 35% gain. Anyways, I was wondering what you (or anyone else that may be into this) are planning on doing to capitalize on the situation.One thing that crossed my mind is.. the SEC halted short-selling of financials until Oct.2... the market was gonna jump on the news of the government bailout, but I think the financial sector got an extra boost from that ban on shorting, so the stock prices seem to have been artificially raised to a greater extent... do you think that once the ban is lifted, these stocks are gonna plummet? Also, taking the current economic conditions, coupled with the government bailout, into account... we can probably expect increased inflation, lower interest rates, and a weakening dollar... I'm thinking of going long on gold & oil... what you think?mutual fund