DJIA having a reasonable day, up 75 so far to 16,682
Lots of people are still putting out doomsday scenarios, and talking about the flight from US equities. Just FYI, I offer no opinion on this other than to observe that all possible scenarios continue to be described, good and bad.
I don't know why there'd be any flight from equities given the improving economy.
Regarding coach d's gold comment, looking at gold today and determining that it's a good place to be simply because it is up 7% since Jan. 1 is not something that excites me.
Gold is DOWN 7.52% over the last year. A short 6-month uptick doesn't do anything for me. It's still WAY too risky.
I don't forget that the gold bugs were calling for 2,000 and 2,500 and on up for Gold. It's currently trading at 1,266 after hitting a high of 1,923 in April 2011. That's a big 3-year downer. The stock market has that happen too, but gold is just ONE THING...risky just due to that, but it is inherently risky beyond that.
I'm glad that coach d feels he has made some money on gold (if he owned it straight through since April 2011, then he's way down), and I hope gold takes off and never looks back. That COULD happen, but it's not likely, and even so, it's WAY too risky for me. Many other better places to put money.
It's time to get in on uranium guys.
China, Japan, Germany are all ramping up nuclear energy. The U3O8 spot price has leveled off. Do it now. Don't wait.
fisky wrote:
I've watched this technical pattern for the past three days. I think this is the beginning of a 700+ point decline that will occur over the next couple of weeks. This is based on the following. Candlestick shooting star pattern a couple of days ago with the DOW far above its 8 day exponential moving average. That's a good (i.e. better than 50%) bet of a move back to the 8EMA line. True to form, the DOW dropped below the 8EMA yesterday.
Today, the decline continued below the Bollinger Band mid-point which *usually* signals a continuation of the move to the lower band, currently at 16347. The midpoint is 16522, so today's close would need to be well below that to *break* the midpoint.
A Bollinger Band squeeze is also in place. Over the last two years, a BB squeeze has signaled a short term (2 to 4 weeks) move of 400 to 800+ points. Given the above, the next move is likely to be down. A sideways or rally for a couple of days would strengthen, not weaken, this forecast.
BB signals are accurate enough that I'd bet a little on this move if I knew a good way to short the DOW without going to puts. Anyone have a suggestion? I was looking at SDOW.
well this didn't happen - dow up 46 points since the post.
Although I think fisky did retract this call later on.
another all time high for the sp 500 tho it closed down.
maser - you're like a lobster in water, warming up slowly
it just makes me happy to keep noting new highs - so...new all time high in the SP 500 today.
carry on
By my calculation, gold is up only 3.14% YTD, not the 7% reported.
agip, I've been around, just in real estate and art.
Real real estate, mind you, not funds.
Check out the YTD performance of real estate funds on this Morningstar page:
http://news.morningstar.com/fund-category-returns/real-estate/
$FOCA$SR.aspx
Maserati wrote:
By my calculation, gold is up only 3.14% YTD, not the 7% reported.
agip, I've been around, just in real estate and art.
Real real estate, mind you, not funds.
Check out the YTD performance of real estate funds on this Morningstar page:
http://news.morningstar.com/fund-category-returns/real-estate/$FOCA$SR.aspx
real estate has been a bonanza this year, yeah - although it was a bust last year. I own VNQ and VNQI in almost all the portfolios I manage. They are cheap REIT index funds - up 15% and 5%.
Using IAU and GLD as proxies, gold is up 5% YTD.
art? how do you invest in art?
The average sales price for apartments in New York City jumped 15 percent in the first quarter to $1,773,523, according to a report from Douglas Elliman Real Estate and Miller Samuel. The average price per square foot jumped 16 percent to $1,363.
The report shows the continued strength of the high-end real estate market—especially among global buyers in the world's top wealth centers. But it also shows that the building boom in trophy penthouses and ultraluxe condos may be overheating.
According to data from Brown Harris Stevens, prices for apartments that are three bedrooms or larger downtown surged 64 percent in the quarter compared with a year ago. The average price for those downtown spreads? $5.4 million.
U3O8 Believer wrote:
It's time to get in on uranium guys.
China, Japan, Germany are all ramping up nuclear energy. The U3O8 spot price has leveled off. Do it now. Don't wait.
U3O8 spot price up $0.25 and NYSE:CCJ up 4% since this post. Fukishima is gradually going from 'tragedy' to 'historic event', and there's no reason CCJ can't get back to $40/share like it was before the meltdown. Choo choo!
Flagpole wrote:
Regarding coach d's gold comment, looking at gold today and determining that it's a good place to be simply because it is up 7% since Jan. 1 is not something that excites me.
Gold is DOWN 7.52% over the last year. A short 6-month uptick doesn't do anything for me. It's still WAY too risky.
I don't forget that the gold bugs were calling for 2,000 and 2,500 and on up for Gold. It's currently trading at 1,266 after hitting a high of 1,923 in April 2011. That's a big 3-year downer. The stock market has that happen too, but gold is just ONE THING...risky just due to that, but it is inherently risky beyond that.
I'm glad that coach d feels he has made some money on gold (if he owned it straight through since April 2011, then he's way down), and I hope gold takes off and never looks back. That COULD happen, but it's not likely, and even so, it's WAY too risky for me. Many other better places to put money.
Flagpole, you're spouting "old mantra". I read this book called "Stock Market Belly". The premise is: long term investing in the stock market makes you lose all your $ and then have no food to eat, and then you become emaciated and die (i.e. you have no belly at all. Good for dieting, bad for living). GOLD is the way to go. Put ALL your $ in gold, and forget long-term investing and diversification and all that nonsense. I am tired of your "misinformation". You are repeating the "old science" of investing. There is NEW science out there, and I've read it on some blogs and a couple bestsellers. You'll get it soon enough. Until then, enjoy losing all your $ and starving to death.
U3O8 Believer wrote:
U3O8 Believer wrote:It's time to get in on uranium guys.
China, Japan, Germany are all ramping up nuclear energy. The U3O8 spot price has leveled off. Do it now. Don't wait.
U3O8 spot price up $0.25 and NYSE:CCJ up 4% since this post. Fukishima is gradually going from 'tragedy' to 'historic event', and there's no reason CCJ can't get back to $40/share like it was before the meltdown. Choo choo!
have you read anything interesting about uranium that you can link to? What caused the rally?
agip wrote:
Maserati wrote:By my calculation, gold is up only 3.14% YTD, not the 7% reported.
agip, I've been around, just in real estate and art.
Real real estate, mind you, not funds.
Check out the YTD performance of real estate funds on this Morningstar page:
http://news.morningstar.com/fund-category-returns/real-estate/$FOCA$SR.aspx
real estate has been a bonanza this year, yeah - although it was a bust last year. I own VNQ and VNQI in almost all the portfolios I manage. They are cheap REIT index funds - up 15% and 5%.
Using IAU and GLD as proxies, gold is up 5% YTD.
art? how do you invest in art?
I have a very large porno collection. Every time I personally evaluate it, it goes up.
I have to sell my gold position today - took a 6.1% loss on it.
But it is firmly below its 200 day moving average on the last day of the month, so it has to go.
agip--sucks.
BTW the last post was not mine, but was funny.
"Investment" in art depends on how much money and effort you are willing to put into it, and what role you wish to play.
I don't advise it unless you are connected to good sources, good knowledge, and the gallery/appraisal community. I am, and I make use of them.
Again I can't tell you my niche because it is narrow enough that another entrant could affect things, sorry. The artists of interest are dead, there is limited supply, and the catalogs raisonnees are well-developed.
I will say that contemporary art by living artists has recently surged, to unbelievable heights. I'm talking of thousands of % appreciation over a very small time period, for people who flip this stuff.
For sure, there is a lot of pump-and-dump that is going on, but in art that is the norm--the stock of an artist is built by those who represent the artist, those who own the art, and those who are intermediaries in transactions. Their reputation must be built by the right people--that is the pump. Disparaging though the term pump-and-dump is, we are seeing art flipped multiple times within a single week at this point, indicating no intent to own, or "invest" for the long- or medium-term.
Once again, I will say that there is a lot of money out there among a certain class of people, looking for a place to be parked. They have taken to believing that art is a good place, but the prices of old masters, and "real art" has gone out-of-reach for many. That, plus the fact that galleries are cool and the gallery scene is hip, has people putting thousands, and tens of thousands, into the purchase of contemporary art by living artists. Some of it gets to auction relatively quickly, where bidders can drive the prices sky-high.
You really have to know what you are doing, otherwise it is nothing but gambling.
Again, sorry about your gold position. I looked into it and was on the verge of getting some, but decided not to. I still might though, in the future.
losing is bad, but this was a 6% loss on a 0.5% position - barely moved the needle.
Funny thing about me and art is that I majored in art history, got a masters in art history and worked at christies briefly.
I stopped following the art world - just go to galleries and museums a few times a year now - but I probably should do something with art - as a diversifier and because I think I have a good eye.
but not sure I want to turn an old love of mine into a business. I so revere the art I like, thinking about it in terms of dollars might be corrosive.
Anyway - food for thought.
When stocks go up, gold goes down. I wouldn't want to own any gold right now.
I bought 200 shares of AAPL when it was trading at $40.
Help me geniuses, what percent profit would be made as of today?
Factor that it split since buy in. 2-1 split me thinks.
Carlos in Tijuana wrote:
I bought 200 shares of AAPL when it was trading at $40.
Help me geniuses, what percent profit would be made as of today?
Factor that it split since buy in. 2-1 split me thinks.
carlos mi amigo - bravo
if you bought 200 shares @ $40 = $8,000 investment
now if your split info is correct you own:
400 shares @ $642 = $256,800
and that would be a 3,110% return, plus dividends