Dow turns negative for 2006 (Down Near 185 points today)

MarketWatch.com (by Dow Jones) ^ | 1/20/06 | Tomi Kilgore

[furquhart]

Oh, I'd say something more like 6000ish.

And that'd be a hell of a buying chance.

Buy e-stocks. Once the first n-bomb goes off, anywhere, the global transportation system as we've known it is over.

Buy Wal-Mart. They're big enough to wrangle their way through a security-encrusted shipping system. A lot of smaller companies won't be.

Buy GM and Ford.

Manufacturing will repatriate to the United States in the wake of a nuclear strike. The costs of shipping things by sea and across international borders will increase astronomically.

[furquhart]

Terror strikes within the United States, Israel.

And they may well already have one or more working bombs.

[blue_nova]

>Isn't it odd that every year, the stock market goes up the >first week of January, and invariably ends up lower within >the next three weeks?

IMHO, this cycle is partly due to taxes. If the preceding year generated gains in mutual funds, then you either need to a)sell some or pay the tax, or b) pay out of current cash that probably would have gone into the mutual fund. Either way the market takes a hit. If you own individual stocks or the mutual funds are in an IRA then the tax on the gain does not apply.

[Ernest_at_the_Beach]

Now what caused this?

[the gillman@blacklagoon.com]

My wife started buying stocks again last month, of course.

[JasonC]

The amount of stock in the world is not changed by anyone buying or selling stock. The amount of real estate in the world is not changed by anyone buying or selling real estate. The amount of money in the world is not changed be people buying or selling anything, for money. For every buyer, there is a seller. If one person has less stock, another has more. If one person no longer owns the house, somebody else owns the house. If someone has given their dollars away, somebody else received those dollars.

Houses are made by construction companies, not homebuyers. Stock is made or retired by corporate executives in initial public or secondary stock offerings, options exercises, and share buy-backs - all of which are transactions between a company and the rest of the world, not between two stockholders in the rest of the world. And money is created by banks when they lend, and in the case of dollars, the amount they are allowed to lend out is controlled by the Federal Reserve.

No money "flows" from money to stocks or money to houses of houses to money or houses to stock. It is all nonsense spread by people talking loosely who don't understand what actually happens, who are fixated on one side of transactions rather than both sides. Usually because they own one of the asset types in question and can only imagine the effects of selling it - without noticing that in the aggregate, people simply can't sell houses or stock, because no sale decision gets rid of houses or stock. They only change who holds them.

[CROSSHIGHWAYMAN]

Why don't we all make money on this, it's like clockwork?

The smart money was selling Tuesday, Wednesday and Thursday.

The dummies caught on this morning.

[the gillman@blacklagoon.com]

Every time she buys in, the market tanks soon after.

[buwaya]

Its not a flat desert, not most of it. Its mountains, nasty ones. Not that big a deal, but odds are they will blow their wells/pipelines/terminals before they can be seized.

[farlander]

Highly unlikely they have anything working. And even more unlikely they would have ready-to-strike cells in the US. They know better. If they were found out, that would be all the pretext we'd need for regime removal. And they don't want to see that happen.

[Sensei Ern]

I was at the bank the other day depositing checks. My mouth about dropped when I saw the annual rate of return is sitting at 0.96%

HAHAHAHAHAHA! Who in their half right mind would put money in that? You would get nearly the same return buying a lottery ticket.

[Sensei Ern]

Or, like Steve Martin once said, "I invested in the stack market the other day. I bought cardboard at 14 cents a ton. It's selling at like 17 cents. I got the deal because I am keeping it at my house."

[jec41]

The Dow Jones just closed down 213 points.

[SierraWasp]

"anywhere in the world for any reason"

I just DON'T buy that!!!

[carl in alaska]

Yeah, we've had a funny delayed reaction to Iran and rising oil prices. Last week I was listening to a market guru on the radio who was saying "this is the time to buy tech stocks," while I'm thinking "what about Iran and oil prices?" I'm sitting there yelling at the radio..."what about Iran and oil prices....think about where this is going!" I didn't buy tech; I bought more oil last week.

Of course oil prices are volatile and unpredictable and they react to every piece of signifcant news out of Iran. So you could see a drop in oil prices from these levels next week, and then a big bounce up in the market. The market is actually easier to trade now than it was 5 or 6 years ago because there's much less trading by novices now. Those people threw a lot of noise and volatility into the market before they got shaken out. Overall it's a much calmer, quieter market than back in 2000, but you do have to watch it every hour of the day now because when it moves it moves fast.

[RobRoy]

Thank you.

[grania]

If you have MONEY in the Market, and you are worried, THEN get the hell out of the market and buy CD's.

Here's what I did....I cashed out a mutual fund about five years ago (they're just so secretive and useless as a learning vehicle). Wasn't much money. I used it to open a trading account.

A little of this, and a little of that, and it was worth more than the original investment.

So, I took out the original investment, which is now in a Roth IRA CD.

So, I have none of my own money in that stock account. It's fun this way...kind of like playing Monopoly (except with domestic services and supply energy stocks) <^..^>

[SierraWasp]

What??? So you're tellin us that the whole shootin match is nuthin but a danged "ZERO SUM GAME?" That just ain't right, there JasonC!!!

Ain'tchew ever heard tell of sumthin called SYNERGY???

[CROSSHIGHWAYMAN]

HAHAHAHAHAHA! Who in their half right mind would put money in that? You would get nearly the same return buying a lottery ticket.

You're so right!!

I have a checking account with Bank of the Internet paying 3.15%.

And 6 month CD with annual yield of 4.4%.

You've got to shop around.

The higher rates are out there.

Stocks are also doing well...except for today that is.

I trade mostly spikers.....stocks with a small number of shares available.

Small caps and microcaps are where the big money is being made.

Check out this chart of my ....NICH...today.

http://stockcharts.com/def/servlet/SC.web?c=nich,uu[m,a]daclyyay[dd][pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G

[carl in alaska]

Yeah, Friday markets tend to be the wildest day of the week. People get tired and there's a lot of caffeine and adrenalin flowng in people's arteries on Wall Street. Friday morning is often a good time to sell into rallies right at an intraday high. Then people start selling in the afternoon to lock in profits before the weekend. Often you can buy the same stocks back the next week on Monday or Tuesday for 5-8% less than where you sold on Friday.

I wouldn't make too much out of this, but you have to watch oil prices closely here. If oil stays up around $70 then the market's probably going to go nowhere except maybe down moderately. If oil starts moving above $70 then the market could move down much more.