The market

sicksubie · #1 09-09-2011, 11:41 AM

Just curious as to what routes people are taking in regards to investing (or not investing for that matter) in the current environment.

92snowmachine · #2 09-09-2011, 12:34 PM

i put all of my money in a 20 year old subaru.

sicksubie · #3 09-09-2011, 12:43 PM

Quote:

Originally Posted by 92snowmachine

i put all of my money in a 20 year old subaru.

A response to be expected I guess...

Lookin4SVX · #4 09-09-2011, 01:31 PM

Right now I am holding 5 times my cash savings in 1oz .999 silver rounds.
Does that count?

I got in at $8.. got more at $12.. some more at $15.. right now its at $41..
So far its a 5x return on the investment if I was to trade it all in today.

I'm not sure if I would get in now though...

Lately I just been tucking away cash for the SVX... I wants koni's and a 4.44...
No money to spend on markets anymore.

sicksubie · #5 09-09-2011, 02:09 PM

I bought MWW today at $7.93 and am going to sell December $8 calls on it for about $1.10. My cost basis is going to be $7.01 per share and if I lose the shares between now and the end of the year at the $8 strike, I willl net 14.12%.

Huskymaniac · #6 09-09-2011, 02:48 PM

I am in cash right now waiting for a direction. I jumped in a variety of mutual funds when we had the correction last summer. I got in when the S&P went below 1040. I rode it up and sold when it crossed below 1260. I am actually in inflation protected securities to hedge against inflation. If I had the option in my plan, I would go with a blended precious metals ETF that physically holds the metals.

I am on the fence as to whether or not this is a correction to the most recent bull market (starting in March 2009) or the start of the final wave down of this secular bear market (starting in 2001). If the S&P goes 20% below the peak of this bull run, intraday, and then closes above it, I will gamble that it was a correction and jump in with tight stops. If it climbs back above 1270ish (moving number) then I will jump back in and assume we had a correction and I missed the bottom. If it drops and closes below that 20% number, I will stay in my "safe" position and start calculating the bottom for this final bear market wave. I expect that to be below the 2009 bottom, corrected for inflation.

sicksubie · #7 09-09-2011, 03:18 PM

So if you see the S&P cross the 1270 line you will be getting back in? A 9.5% increase from the current S&P before you get back in would be very far from missing the bottom.

sicksubie · #8 09-09-2011, 03:20 PM

And for what it is worth... Current positions:

Alcoa (AA)
Citi (C)
Akamai (AKAM)
Monster (MWW)
AT&T (T)

Looking at Bank of America to buy, but waiting for the layoff news to take affect as well as some other things coming down the pipelline.