IN THESE TRYING ECONOMIC TIMES WE ALL HAVE TO LOOK FOR WAYS TO "TIGHTEN THE BELT" AND CUT COSTS. NOW I LIKE TO COLLECT POLLS AND RESEARCH AND MAKE SOME OBSERVATIONS.
IN A RECENT POLL BY 1-800 FLOWERS IT SAYS: 2 OUT OF 5 ADULTS SAY THEY LET THE LOVE OF THEIR LIFE GET AWAY. THEN THE POLL GOES ON TO SAY 48% OF MEN AND 37% OF WOMEN STILL HAVE ROMANTIC FEELINGS FOR AN EX.
NOW WE KNOW THAT A NEW DATE CAN COST UP TO 200 BUCKS WITH NO GUARANTEES OF ANYTHING ROMANTIC DEVELOPING. SO WHEN WE PUT THE EARLIER POLL TOGETHER WITH SOMETHING I READ IN NEW YORK MAGAZINE..."SLEEP WITH AN EX" IT'LL SAVE YOU POSSIBLY AN AVERAGE OF $2400 A YEAR...IT SOUNDS REALISTIC AND GOOD TO ME. THAT IS IF YOU'RE NOT ATTACHED!
My last 3 blogs were about Market Madness. I may have been a tad early on making some small plays (that's why they were small) but October can be the worst and best month in several cases. October has been known as Bear Killer months. When shorts (one who bets markets are going down) get forced to cover their bets by buying back stocks causing ferocious rallys. Now this doesn't mean it's all fixed and there still may be some volatility at the end of the week, but because the rubber band was stretched so far out with selling stocks, it's gotta come back a bit.
I also thought Dr. Greenspan should not have been on TV discussing the Financial Credit Tsunami because he helped create it. Good luck and may your 401Ks come back a bit today.
I'd like to also say the SHORTS in the market are NOT UNAMERICAN but VERY HEALTHY because they keep the market honest AND provide these tradable rallys BECAUSE they eventually have to buy back stock they borrowed to short. They tend to get a bad rap but they're the ones who really do the research on companies and expose any weakness because a short position, if it goes against you, can go up much farther than a long position which can only go to zero. So they need to be more sure of themselves because they can lose substantially more than the initial investment.
Okay enough of Stock and back to Rock in my next blog.
Well we got thru another week of volatility in the stock markets, also the October option expiration happened after Friday's close. So now that we're a couple weeks into the last quarter of the year, and what usually can be considered a seasonally favorable period for the markets,
Besides Sarah Palin being on Saturday Night Live, most of the other skits had something to do with losing all your money in the markets and being desperate. So based on the fact that you had CNBC's Kramer telling folks to get out AND Saturday Night Live making fun of the situation...I would say that I'm going to start buying a little to prepare for a nice tradable bounce. I probably will also move some stuff around a bit in the 401k (we only have mutual funds in that) but I'll dollar cost average in the S and P fund and one that has some tech similar to the NASDAQ. Also I'll add a little extra to the small cap fund, since that usually will do well going into January.
I'm definately just doing a little bit for now until the market starts to prove itself and pick up some steam. But remember, we are in a BEAR Market (one that has a downtrend) but that's when the bounces are a site to behold as people who short (bet that stocks are going down) scramble to buy back stock and others buy in a frenzy because they think the train is leaving without them. Of course, after all this, the market may resume it's downtrend.
These are just my opinions and not meant to influence. But I figure you may want to read someones stuff who looks a the glass half full.
© 2008