Monday: Stocks Continue the Plunge (fund, trading, credit, investment)
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Stocks Mostly Lower As Credit, Profit Worries Escalate, but Bargain Hunters Re-Enter Market
NEW YORK (AP) -- Wall Street turned mixed in volatile trading Monday as investors pulled away from stocks amid worries about the credit and housing markets and disappointing corporate earnings.
The market remained uneasy although several companies including drug maker Merck & Co. and toymaker Hasbro Inc. reported decent third-quarter results. Investors were still mindful of the downbeat profit outlooks from some blue chip companies and Standard & Poor's downgrade of another series of mortgage-backed securities; those developments sent stocks plunging Friday, taking the Dow Jones industrials down 366 points.
Last edited by GreenMachine; 10-22-2007 at 08:52 AM..
Eh...looks like a fairly priced market to me at this point in time. My expectation of a properly priced S&P 500, based on current and projected realistic earnings, is in the 1500-1530 range. Looks like it is on track to hit that, if somewhat ugly process. But long term investors will tell you that this isn't odd market behavior.
I see your point but in order to reach higher the previous lows should be retested.
It is an odd market in the case that "investors' are hoping the Fed will deliver them from the evil credit crisis and that is the wrong thing to do. More cuts will severely effect the dollar and that will cause more unstability. The market should be allowed to run its course w/o the Fed getting involved to the point that they are actually influencing the stock market as a whole.
Eh...looks like a fairly priced market to me at this point in time. My expectation of a properly priced S&P 500, based on current and projected realistic earnings, is in the 1500-1530 range. Looks like it is on track to hit that, if somewhat ugly process. But long term investors will tell you that this isn't odd market behavior.
Dear NewToCA:
I have some retirement funds in a CD and Money Market. I want to start putting money into the Vanguard 500. When is a good time to do this, considering I need to make an initial investment of $3,000.
I see your point but in order to reach higher the previous lows should be retested.
It is an odd market in the case that "investors' are hoping the Fed will deliver them from the evil credit crisis and that is the wrong thing to do. More cuts will severely effect the dollar and that will cause more unstability. The market should be allowed to run its course w/o the Fed getting involved to the point that they are actually influencing the stock market as a whole.
JMO.
Yes, I think the summer lows should be retested, too. I was thinking this would happen in October before a holiday runup, but Fedspeak may put a temporary floor under the market. I agree that the market should be allowed to self-correct, but that would be too painful for some. The Fed keeps indicating that they will not allow this to happen, which means we'll go from bubble to bubble, manipulating the rates, sacrificing the dollar and providing a fertile breeding ground for inflation until... well, who knows how the endgame will play out?
Yes, I think the summer lows should be retested, too. I was thinking this would happen in October before a holiday runup, but Fedspeak may put a temporary floor under the market. I agree that the market should be allowed to self-correct, but that would be too painful for some. The Fed keeps indicating that they will not allow this to happen, which means we'll go from bubble to bubble, manipulating the rates, sacrificing the dollar and providing a fertile breeding ground for inflation until... well, who knows how the endgame will play out?
Agreed......right now the Fed is in control regardless of earnings and forward guidance.
I have some retirement funds in a CD and Money Market. I want to start putting money into the Vanguard 500. When is a good time to do this, considering I need to make an initial investment of $3,000.
Thanks,
Greenie
Responded to you in another thread where you posted a similar question.
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