The RetrieverTraining.Net Forums The Retriever Academy
Total Retriever Training with Mike Lardy
Hawkeye Media Gunners Up Tritronics Outdoor Media
Page 1 of 2 12 LastLast
Results 1 to 10 of 18

Thread: Stocks see best September in 71 years

  1. #1
    Banned
    Join Date
    Nov 2003
    Location
    Port St. Lucie, Fl
    Posts
    3,611

    Default Stocks see best September in 71 years

    The Dow Jones industrials ($INDU) finished September with a 7.7% gain. The Standard & Poor's 500 Index ($INX) was up 8.8%. Both enjoyed their best September performances since 1939.

    The Nasdaq Composite Index ($COMPX) added 12% for the month, its best September since 1998.

    Normally the weakest month for stocks since 1950, September confounded many analysts. They'd confidently expected the market to slide further after a weak August performance because of worries that the economy was about to sink back into recession.

    <LI sizcache="0" sizset="140" itxtvisited="1">American International Group (AIG), up 4.4% to $39.10. The insurer, once the world's largest, agreed with U.S. regulators to repay its bailout by converting the government's holdings into common shares for sale, a step toward independence. <LI sizcache="0" sizset="141" itxtvisited="1">McCormick & Co. (MKC), up 2.3% to $42.04. The world's biggest spice seller said it would earn at least $2.57 a share excluding one-time items this year. The Street consensus has been $2.54. <LI sizcache="0" sizset="142" itxtvisited="1">Comverse Technology (CMVT) up 15.4% to $6.73. Oracle and buyout firms are interested in buying the voice-mail software maker's assets, The Wall Street Journal said. The report added that buyout firms may be more interested in Verint Systems (VRNT), a maker of business analysis software. Verint, 54% owned by Comverse, jumped 146% to $29.55. <LI sizcache="0" sizset="144" itxtvisited="1">Limelight Networks (LLNW), up 6.5% to $5.89. The maker of software that speeds delivery and prevents online problems with Web videos may be poised to rise, CNBC's Jim Cramer said Wednesday on his “Mad Money” program. <LI sizcache="0" sizset="145" itxtvisited="1">Manitowoc (MTW), up 13.6% to $12.11. The world's biggest manufacturer of overhead cranes will refinance a portion of its term loans with senior unsecured notes. The offering should "materially reduce" concern over potential equity distress, Morgan Stanley said.
    http://articles.moneycentral.msn.com..._blg=1,1811262

    Maybe some good news for the economy for a change?

  2. #2
    Senior Member Franco's Avatar
    Join Date
    Jun 2003
    Location
    Lafayette, La.
    Posts
    10,940

    Default

    If you think the big swings in stock prices indicate a healthy economy, then I suggest you buy all you can. The more experienced and traditional investors will tell you it is a sign of a fickled, weak and manipulated market.

    Percentages also don't mean squat and are deceiving. When a stock has lost much of its value, then jumps up it makes those percentage increases look good. What insiders call "Sucker's Gold" because only a greedy sucker would think of buying.
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



  3. #3
    Senior Member M&K's Retrievers's Avatar
    Join Date
    May 2009
    Location
    Royse City, TX
    Posts
    5,254

    Default

    Who is doing the buying?
    M&K's HR UH Tucker of Texoma JH
    M&K's SHR Prime Black Angus
    M&K's Miss Jessie Girl JH
    Sir Jacob of Lakeview-Jake
    Freeway JYD

    Mike Whitworth

  4. #4
    Senior Member Buzz's Avatar
    Join Date
    Apr 2005
    Location
    Brookings, South Dakota
    Posts
    6,916

    Default

    Franco, I don't believe the stock market tells you anything about the true state of the economy.

    Also, what the stock market gives, the stock market taketh away...
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
    (Esprit's Power Play x Trumarc's Lean Cuisine)
    Mick - Moneybird's Jumpin' Jack Flash***
    (Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
    Peerless - Moneybird's Sole Survivor
    (Two River's Lucky Willie x Moneybird's Black Magic Marker)

  5. #5
    Senior Member Franco's Avatar
    Join Date
    Jun 2003
    Location
    Lafayette, La.
    Posts
    10,940

    Default

    Quote Originally Posted by Buzz View Post
    Franco, I don't believe the stock market tells you anything about the true state of the economy.

    Also, what the stock market gives, the stock market taketh away...

    I agree and stated so with my post. Personally, I wouldn't touch the stock market until we get some meaningful reform and eliminate the anti-business climate in DC.
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



  6. #6
    Senior Member Buzz's Avatar
    Join Date
    Apr 2005
    Location
    Brookings, South Dakota
    Posts
    6,916

    Default

    Quote Originally Posted by Franco View Post
    I agree and stated so with my post. Personally, I wouldn't touch the stock market until we get some meaningful reform and eliminate the anti-business climate in DC.
    I don't know. I got some F at about $1.67/share. I got some aapl back when it was about $90/share. But I bought those when the rest of the world was panicking and stock prices were falling through the floor. I bought KFT at close to $25/share, so the yield on my dividend is pretty good there. The yield on PGN based on an entry of $38/share isn't bad either.

    But, like George Castanza, I tend to do the opposite. When everyone is panicking, I'm thinking about buying. Right now, I'm not thinking too much about buying. Maybe I'm wrong, it wouldn't surprise me if I am.
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
    (Esprit's Power Play x Trumarc's Lean Cuisine)
    Mick - Moneybird's Jumpin' Jack Flash***
    (Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
    Peerless - Moneybird's Sole Survivor
    (Two River's Lucky Willie x Moneybird's Black Magic Marker)

  7. #7
    Senior Member duckheads's Avatar
    Join Date
    Dec 2004
    Location
    NW Indiana
    Posts
    658

    Default

    Of course the market is doing good. The current administration is full of people from wall street. That is what they care about because they all made their money on big bad wall street and are heavily invested in big bad wall street.
    CPR HRCH Scott's Sweet Brandy
    Kankakee River HRC
    NRA Life Member
    Pheasants Forever
    Delta Waterfowl

  8. #8
    Senior Member Franco's Avatar
    Join Date
    Jun 2003
    Location
    Lafayette, La.
    Posts
    10,940

    Default

    Quote Originally Posted by Buzz View Post
    I don't know. I got some F at about $1.67/share. I got some aapl back when it was about $90/share. But I bought those when the rest of the world was panicking and stock prices were falling through the floor. I bought KFT at close to $25/share, so the yield on my dividend is pretty good there. The yield on PGN based on an entry of $38/share isn't bad either.

    But, like George Castanza, I tend to do the opposite. When everyone is panicking, I'm thinking about buying. Right now, I'm not thinking too much about buying. Maybe I'm wrong, it wouldn't surprise me if I am.
    I know several folks that made out like Bandits when they bought Ford below $2. I thought about it but with Ford competiting against government owned GM, it wasn't as compelling an investment as real estate. I may have missed the wind fall with Ford but know that my property will always be there and I have never lost on real estate. It is a long term play much like the stock market use to be back in the days when stock prices had meaning to them.

    Though our area has not seen a dip in the value of homes, they haven't appriciated that much either. I just don't trust nor do I have any control with what happens to stock prices. Values make little sense so I choose to abstain.
    Last edited by Franco; 10-01-2010 at 11:30 AM.
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



  9. #9
    Senior Member
    Join Date
    Nov 2006
    Location
    Pac NW
    Posts
    4,419

    Default

    Quote Originally Posted by Buzz View Post
    I don't know. I got some F at about $1.67/share. I got some aapl back when it was about $90/share. But I bought those when the rest of the world was panicking and stock prices were falling through the floor. I bought KFT at close to $25/share, so the yield on my dividend is pretty good there. The yield on PGN based on an entry of $38/share isn't bad either.

    But, like George Castanza, I tend to do the opposite. When everyone is panicking, I'm thinking about buying. Right now, I'm not thinking too much about buying. Maybe I'm wrong, it wouldn't surprise me if I am.
    So, you've made a smart business decision. You've bought at a very favorable price, rather like buying a nice house in a good neighborhood in Detroit right now.

    What is your pricing point on F & AAPL for a potential sale? That's the hard part .
    __________________________

    Marvin S

    Everyone's friend is No One's friend

    Someday your life will flash before your eyes. It's your responsibility to make sure it's worth watching!

  10. #10
    Senior Member Rudd's Avatar
    Join Date
    Jan 2008
    Location
    Kennewick, WA
    Posts
    258

    Default

    I'm willing to bet the stock market hits 7500 again, in the next 12-18 months.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •