I believe Monday will be a BUYERS Market. I'm betting the Feds will announce, lowering interest rates to get the market turned around. What are Your thoughts? Will You be buying or selling on Monday?

I didn't think the Fed met again for a while yet. I think there will be one more day of slide.

I'll be doing neither on Monday.

I'm sleeping in.

i am expecting some scary shit to go down with the US dollar and the stock market between Monday and the end of the year. It just seems long overdue for a major market correction. It also makes perfect sense to me that the overall superiority of the United States legacy cannot and will not last forever. Unfortunately that time has come.

I'm tempted to liquidate all my investments on Monday and buy Euros. Then again, I'm in Italy now so that makes more sense at least for a few more days...

Andrew

Hey Andrew if your planning on staying in Italy or Europe for that matter it seems like a grand idea.

Andrew I do envy where you are. I couldn't get to Italy last year when my daughter and I were in Austria but it's on my radar.

Italy is full of tourist traps and overrated places. But it has some beautiful places, too, and some that aren't completely spoiled by the tourists (yeah, of which I am one, I know). My favorite place here has to be the Cinque Terre, five small towns in the Italian Riviera that are connected by trains and hiking trails but harder to reach by car. The towns themselves are really cool, some of them seem to have been carved into the rocks. The hiking trails are sometimes pretty intimidating (about 4-5 hours average to hike from the first town to the last) but the views are breathtaking. You are often walking through vineyards and olive groves.

Venice is not surprisingly a picturesque city but is like Disneyland during the day, so many tourists all with cameras. Much nicer early morning or at night.

The town of Siena has a really cool town square and terrific views of Tuscany. Neat feel to the place - would love to visit again.

Naples has a bad reputation - dirty, scary for Americans - but on a day trip I enjoyed the place. Very lively and not intimidating to me. I'll go back.

And the Roman ruins are as cool as you can imagine, wandering around surveying what this grand ancient city must have been like in the day.

I took only about 3,000 pictures so far. None on my website yet. I'm in Rome after two weeks here and leaving to go home on Tuesday...

Andrew

Where exactly are the "Roman ruins"? In Rome? I've a GF that wants to go to Venice. I rather look at some "ruins".

Shyguy: The "Scary shit" as you call it, doesn't really start until November.

Investigative reporter, psychic & remote viewer, Sean David Morton this month on "Coast To Coast AM" said to watch for a 911 type of attack on Saturday the 17th of November, with the stock market plummeting on the following Monday, the 19th. So I'm thinking this week the market will recover, even with the housing market problem. The Banks won't let the market get any worse and risk the economy. They'll loose money.

Skeptical, the area of Rome to which I refer is the Roman Forum area between Capitol Hill and the Colosseum. This area was the core of ancient Rome, with the Senate on one side and the Emporer's Palace (and a bunch of other palaces) up on Palatine Hill. There are also some big arches that are still standing but most of the old houses are pretty wrecked. You see pillars here and there, a few upright, many pieces on the ground. Anyway, if you know anything about ancient Rome, it's a trip. You can see Julius Caesar's memorial (where his body was burned after he was murdered) as well as the (remains of the) house of the Vestal Virgins. You can see enough to get the idea. I took three years of Latin in high school and my Latin teacher always used to pepper our language classes with Roman history, so I've always wanted to see this stuff.

If I go back to Venice I'd consider staying on the island of Morano close to Venice - a much smaller island (canals too) that is known for its glass making. But it's far quieter. Connected to Venice by its water bus system. But you have to stay in Venice or one of the islands. I found a fantastic deal on a private apartment in Venice that charges per person, and since I was going alone it was only about $100/night (total with tax), which for a prime location in Venice is a steal in early October. Really nice place too. I found it on www.cross-pollinate.com . Used that site for Rome, too - I'm happy with them. I much prefer these guest houses and apartments to hotels when I have the chance.

Andrew

Andrew-
Let me know when you post those pictures. I look forward to seeing them.

Craig I haven't listened to C2C in months (used to be a nightly thing at least for the first 90 minutes unless it was a really great guest.) As for Shawn David Morton LOL he is defientely one of the all time quacks of Coast to Coast fame.

Someone should write down some of the predictions people like Sean David Morton make and over time tally how accurate they are. Then next time they make some loony prediction, the host should note, "Well, the last 39 times you've predicted something, you've been 100% wrong. Why should be believe you now?" Even on Air America they make nutty predictions that almost never come true.

Chris, most of my Italy pictures are pretty much snapshots. I have about 3,000 pictures or so from Italy. I may put about 100 on my website, maybe a few of those will be interesting.

Andrew

Thanks Andrew!

Just talked to my brother who pays more attention to C2C than I do. Off the top of his head he seems to think that Sean David Morton's accurate hit rate is around 20%.

I personally feel that it is more accurately in the single digits but that is just my opinion.

Why does C2C continue to have him on as a guest?

I think that is that its purely entertainment value because his predictions and the way he presents them are so outlandishly entertaining.

just my thoughts

I guess I need to start listening more to C2C but I am on a Loveline kick right now and find that show more informative and entertaining more often than C2C.

As I predicted (check above) the stock market ended on a positive note, after the initial drop of -71., the market ended with +44. I'm thinking of becoming a Market Guru now.

I'll bring this thread back in a month to see if any of what Sean predicted comes true. It should be interesting.

My portfolio was up a couple percent today.

My top stock picks, a Chinese ETF (FXI), up 100% since I got in early in the year, and Canadian tar sands companies such as SU and BQI.

Tadc-
We could probably start another thread on what people consider good investments or ones that are working for them.

Here are a couple things we do.

Investing is one of the places where my wife and I really try and do the right thing. It's not always investing in stocks, bonds or otherwise.

When we purchase new or used clothing we try and get high-end quality. We are willing to pay for good clothes as an investment. My wife is currently part of a women's clothing swap. FREE clothes are a very good investment. Keeps clothes out of the landfills and the overflow goes to various organizations that can get clothes in the hands of the needy.

Purchasing appliances can be a major investment. With today's high energy appliances that include rebates, do your homework.

We are about to purchase some new windows for our house. We started this process about 3 years ago and had several contractors come out and give us bids. We waited until now because our money needed to go elsewhere. Hope to have them in around Thanksgiving.

A front-loading washer not only uses less energy but is also a lot easier on your clothes, so they should last longer. I've never thrown away any clothes that weren't ruined - if I won't wear them anymore they just go to Goodwill or another comparable charity.

If you want to make a killing in the stock market, watch carefully the stocks I buy and don't buy...then do the opposite.

Andrew

Very true Andrew.

And welcome back. Hope you get over your jetleg quickly. It's not nearly as bad coming back as is going over. At least that's what I have found.

Jet lag is usually pretty bad for me coming back. (Everyone's different.) This time I started on the east coast for a few days before I left for Italy so I only had 6 hours of lag to deal with going east. I had no real problem with it this time. I imagine I'll be waking up at 4AM for a couple of days back in Portland, though.

Andrew

" I'll bring this thread back in a month to see if any of what Sean predicted comes true."

Don't bother. I've been wrong on all sorts of fronts lately. My only salvation is that I am ready to make adjustments no matter which way things turn. I don't feel painted into any corner...yet.

Welcome home Andrew.

BTW, I hear NWS is around $25 and since they will soon control every aspect of our economy and reality, it might be a good buy in the long run.

WOW! What a surprise yesterday after Wednesdays gains with the Feds lowering the interest rate. All gains were washed away within a day. Market was down 362 points.

Does this spell trouble ahead? What's going to happen today, this being the last day of the week for the market.

I think the next significant upward move in the economy as a whole will be first, the announcement of HUD/FHA changing mortgage guidelines to allow for some stronger ability to help those that are in sinking ships mortgagewise. It won't be a bailout ( although it will be misunderstood as one by a loud few. I'm sure with the writer strike, Fox pundits will try and call it one ). So we'll see a bump in the announcement of the intention.

Then we'll see another upward jump in the actual implementation of it.

No more lowering prime for a while though. That's my best guess.

Buy now.

I'm buying in a BIG way today thanks to Chickenjuggler! Drinks will be on me tonight as we celebrate the beginning of the next BULL Market faze!

Na, the market will be kin d of fuzzy,until after the next election, it nearly always does that.

The Stock Market is screwed up in the Financial Field. It's heading for ENRON implosion level. Take WAMU who got caught in working with an appraisal company to overstate values of property that they were financing.

In addition WAMU has been increasing their dividend by .01 cent every quarter for at least the last 4 years. WIth the mounting of losses they should have cutailed there dividend.

However dividends are taxed at 15% or less, so it appears that those who have invested in WAMU have loved that dividend, but the reality is WAMU is losing money so why do they continue to issue a dividend equal to 9% value of the market value of the stock?

It looks like Ponzi activity which also happened to ENRON. Wait a minute where's the US Attorney General on this?

What is the international community saying about the U.S. Stock Market 360 point decline today?

"We are experiencing among our clients an awakening that the United States is in big trouble," said Erik Nielsen, chief Europe economist at Goldman Sachs."

"A Chinese central bank vice director, Xu Jian, said the dollar was "losing its status as the world currency," according to Bloomberg News."

"The dollar fell to its lowest level against the Canadian dollar since 1950, the British pound since 1981, and the Swiss franc since 1995. The euro rose to a new record, $1.4729, before retreating."

"You've basically got capital market jitters about the United States," said William Cline, a senior fellow at the Peterson Institute for International Economics in Washington."

Want to read more? This from the "International Herald Tribune" based in Paris:

http://www.iht.com/articles/2007/11/08/business/08econ.php

BUY!

Crap, man. Times like these get me half-way to understanding suicides of day traders.

No thanks.

Legalized high-brow gambling.

I would much rather have online poker...

(make more too --serious!)

"Deficits don't matter."

-Dick Cheney

Well, actually they do, and we will now be seeing why they do matter. An economy propped up by tax cuts, deficit spending, and artificially high home values can't go on forever. The market is getting hammered again today, and I think we could easily see the Dow below 10,000 within the next 6 months.

I have a question after this brief paragraph from The Arizona Republic newspaper:

The month has turned nasty for the stock market, with the Dow Jones Industrial Average tumbling nearly 900 points since Halloween, including 223 points Friday.
__________________________________________________________________
Are we now at the bottom of this trend? Will the Bulls return Monday and get the market back on track?

That it, I'm buying today! Read it for yourself.

This from CNN Money:

Veteran bull who still declines to panic is The Chartist's Dan Sullivan.

He wrote in a hotline Friday night: "Whether this pullback is just a correction in an ongoing long-term bull market or the start of something more serious remains to be seen. We are in the correction camp and believe this most recent market drop presents a buying opportunity with our stop-loss strategy in place."

And what does TDanner recommend? She's in the know, too.

Craig, please make a killing and then get us each that Thomas Kinkade cuckoo clock!

Or even better:
http://www.thomaskinkade.com/magi/servlet/com.asucon.ebiz.catalog.web.tk.Catalog Servlet?catalogAction=Product&productId=204886

"...naturally, I was delighted when I got the opportunity to paint the official 50th Anniversary portrait of Graceland...I was inspired to paint it with smoke curling from the chimney and a golden light blazing in every window." (Of course!)

And you can never go wrong investing in fine art by one of the masters, right?

Sorry I'm busted. I lost yesterday. Plus the Dow was down 55 points. What a limp day.

Does the market ever go UP anymore? Maybe it needs Viagra.

*stick shaker starts vibrating*
*Ground Proximity Warning alarm commences*
*Pull up! Pull up!*

(If you have to ask what a stick shaker is, you're already dead!)

The Bulls came back today, the market was up 319 points, WOW! It's clear sailing into 2008. No worries, be HAPPY! Start your spending for Christmas NOW. There should be 2 SUV's in every garage by next year.

They'll probably always be in the garage, because no one can afford to fill 'em up and drive 'em!

True, Oregon AAA reports gas prices could climb another 20 cents in the next few weeks but with the money they made in the market today, that won't be a problem. They might even Mortgage for a BIGGER home.

I think the whole day trader thing is just a nice way to get peoples lives more directly tied to the market.

If one has a lot invested in those big businesses, one wants them to do well right?

IMHO, one would want them to do well, even if doing so is against ones own best interests. The money made is supposed to balance that, but I just don't think it does, particularly with our dollar being worth about a third (or more) less over a very short period of time.

Maybe buying Euros is not a bad idea after all!