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Stock Market Today : July 2nd - 6th - Page 19

post #361 of 372
7/6/12 at 3:23pm

http://www.cnbc.com/id/48090913

 

This article has approached a critical CNBC level.

It also concurs with EU worries.

HUI!!! INDU 500!

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post #362 of 372
7/6/12 at 3:23pm

NFLX Green

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post #363 of 372
7/6/12 at 3:25pm
Quote:
Originally Posted by Venom08 View Post


HUI!!! INDU 500!

 

Dont you start that too! mad.gif

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post #364 of 372
7/6/12 at 3:25pm
Quote:
Originally Posted by StockJock-e View Post

 

Dont you start that too! mad.gif


Venom 2012

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post #365 of 372
7/6/12 at 3:26pm

On a less boring note, look at AAPL filling that dip. It's down only $3 at this moment, nice recovery. I went long another 50 shares at $602.40 an hour ago.

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post #366 of 372
7/6/12 at 3:32pm

I'm holding my longs I bought today over the weekend.  I bought some front month puts on that pop to cover for the weekend incase Europe blows up.

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post #367 of 372
7/6/12 at 3:53pm

Hmm, hopium rally at eod... really?  (shakes head)  Not me.  Not in this market.

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post #368 of 372
7/6/12 at 4:05pm

Its funny when I talk to people about their gold targets, its always like below $1000 or $2000+

 

Right now it looks like a world wide effort to stimulate and "print money" but so far it has been labeled as borrowing.

 

Its hard to tell if that borrowed money is already expected to default in the form of money printing.

 

I have a hard time believing that China is naive to America's inability to ever pay back the debt. Same goes for Greece and the PIIGS in the Eurozone.

 

I would think after all this easing to zero percent rates and multiple QE and stimulus efforts, gold has probably peaked in its exponential gains you've seen in the past decade.

 

I can't think of an armageddon scenario where gold would go up a lot. During the financial crisis, gold was a lot lower than it is today, but not because it dropped huge due to deflation, it just never ran up with the panic.

 

Quote:
Originally Posted by YoungInvestor89 View Post

How do you all feel about gold? Will be testing 1 yr lows soon, but 5 and 10 yr charts look very "base-y".

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post #369 of 372
7/6/12 at 4:53pm

funny thing... lets say gold goes to $10,000.. that would mean the dollar has become pretty worthless. so why would anyone care how much gold costs in terms of dollars?

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post #370 of 372
7/6/12 at 4:56pm
Quote:
Originally Posted by charulz View Post

funny thing... lets say gold goes to $10,000.. that would mean the dollar has become pretty worthless. so why would anyone care how much gold costs in terms of dollars?

 

The solution I came up with is gold backed by palladium backed by human organs.

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post #371 of 372
7/6/12 at 5:18pm
Quote:
Originally Posted by jbrand1 View Post

 

The solution I came up with is gold backed by palladium backed by human organs.

 

 

No purest green ... much more valuable.....  

 

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post #372 of 372
7/6/12 at 9:24pm

hear of the diamond fund they are attempting to create ..

Quote:
Originally Posted by charulz View Post

funny thing... lets say gold goes to $10,000.. that would mean the dollar has become pretty worthless. so why would anyone care how much gold costs in terms of dollars?

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