BloodBath in the market.. NASDAQ bleeding badly

I485 · Apr 4, 2014 10:50 AM

Recent weakness in Nasdaq is definitely a warning sign but if we don't see any follow through selling on Monday, this could be just another profit taking. Today may not be even a true selling day anyway. BTW anyone here got a chance to see 60 minutes last sunday?

OBAMA · Apr 4, 2014 11:17 AM

I have bought some (~ 4% of my portfolio) inverse ETF and that should save little bit incase of disaster like 2008-2009. I take it as an insurance rather than investment though. Mr. President, if you are talking about the HFT (high frequency trading) in 60 minutes, I would not worry about it much. Probably they will do some senate hearing or something like that soon and bring some regulations to curb or regulate it. Do you really think its affecting the market now? To those who wants to understand HFT in short video, this might help: http://video.cnbc.com/gallery/...

nepboy789 · Apr 4, 2014 5:41 PM

NASDAQ getting hit bad again....market correction continues...stocks getting hit...all bleeding....but when will this stop ? Biotech index getting hit hard...fake bounce then it's right back down again.... Market needed correction...It was all over it's face... Now my question is DOW is still at high and all stocks are nearing their lows in many months... what will happen if SPY and DOW start going down from here ? That's kind of scary imo

I485 · Apr 7, 2014 12:26 PM

No The economy is improving...e.g look at the housing market...the interest is rising..

karma98 · Apr 7, 2014 3:06 PM

"I just invested about 35K on gold bullion. I don't know I did right or wrong in his "budhes kaal ma". नेपालीबुढो ब्रो, ब्रो मैले अर्कै धागोमा ब्रोको रिप्लाई देखेकोले, फेरी यो धागो "अप्" गरेको ! साझामा "ब्यान" हुँदा मैले ब्रोको यो पोस्ट पढेको थियो ! अनि मलाइ एक दम किउरियेस लागेको थियो, किन ब्रोले ३५ हजार , सुनको बुल्लियनमा इन्वेस्ट गर्न भाको भनि ? किन बुल्लियनमा गर्नु भएको, किन "पेपर गोल्ड"मा नगर्नु भाको ? अनि के कारणले यो कदम चाल्नु भाको ? हजुरको बिचार सुन्न एक दम किउरिउस छु ब्रो ! प्लिज फुर्सदमा रिप्लाई गर्नुस है !

Nas · Apr 11, 2014 12:40 PM

Nas, Seriously, I don't have answers for any of your questions. I was bit skeptical to invest in stocks in this shaky market. I can't take that risk. Then what else is the best? I don't know. It just came in my mind that buying gold bullions might be the safest way to invest. I purchased it in bulk from ampex.com which is the most reliable precious metal exchange trading company. Now you tell me I did right or wrong. As a matter of fact, since I bought it's going down. I am totally naive in this. By the way, what do you mean by "पेपर गोल्ड"? As usual thanks for your concern.

NepaliBudho · Apr 11, 2014 1:06 PM

Bro, paper gold is just a paper certificate that act as a substitute for the physical gold. It is only a promisery note to receive a physical gold but you actually don't own any gold. When you own a physical gold, you OWN the gold. So first thing, first it was a very wise decision to have the actual physical gold. As for your question, whether you did right or wrong, it depends on the type of investment you are seeking for. If it is a short term investment, you are better off investing on other financial instruments. But if it is for a long term investment, you are absolutely on the money. Investment on gold should not be taken as for profit making rather it should be taken as a hedge against the future inflation or as an insurance towards the coming economic collapse and the fall of the U.S dollar in near future. I strongly believe that the price of the Gold will sky rocket in the near future. Bro, please take a few moments to watch the video below. This video pretty much explains the financial health of the American Economy and most importantly the future of American Dollar. I used to write volumes on why we should own gold and silver back in the days and I myself have been converting my savings in gold and silver.

Nas · Apr 11, 2014 8:33 PM

Nas.. the perpetual gold bug.. back when before you were banned, I remember you were predicting the gold to go over at least $2,500 and maybe well beyond $3,600 by 2014, which I said was crazy. Well, the current price speaks for itself. Also, Nepalibudho, if I had even a ounce of brain, I would sell it.. sell all of it and put it under the mattress or better give it to a professional. Even if I had a strong suspicion that gold was going to double, I would not invest all my hard earned money all in one thing and one thing only. I would not walk, I'd run..

sajha_guru · Apr 12, 2014 10:19 AM

"Well, the current price speaks for itself." Yes Sajha_guru bro you are right ! But please take into consideration the massive pumping of the easy money by the FED and the manipulation of the Gold price. The more they pump the funny money in the system, the better Gold hoarders like me and NepaliBudho bro are, in the long run. "Financial Times released a clear, informative and fact-based article, titled simply enough "Gold price rigging fears put investors on alert" in which author Madison Marriage, citing a report by the Fideres consultancy, revealed that global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013." http://www.zerohedge.com/news/... Very Important Video on Gold Price Manipulation, Fiat Currency, Stocks., Gold.

Nas · Apr 12, 2014 11:02 AM

NepaliBudho bro, Please keep on holding your gold. Please do not panic. I am also in loss in terms of some of my silver holding but I am not bit worried. You should consider buying silver too when the price is low. "It's gonna be a Moon shot" - Peter Sciff

Nas · Apr 12, 2014 11:53 AM

This is funny as hell ...Nas, now a gold/silver promoter !!!! and some poor fellows might put their big chunk of savings on his words and would be ruined in few years. If u guys r as insane as Nas (In terms of economics and finance), u should consult a financial advisor and discuss proper asset allocation and have a plan for better financial future. Remember !!! THERE IS NO SURE THING IN FINANCIAL MARKETS...IF ANYBODY PROMOTES A SUREFIRE OUTCOME IN TERMS OF FINANCIAL ASSETS, THEY DONT KNOW A JACKSHIT.

OBAMA · Apr 12, 2014 12:55 PM

"Nas, now a gold/silver promoter !" It has been many years bro. Like Sajha Guru bro said, I am a perpetual Gold Bug.  "u should consult a financial advisor and discuss proper asset allocation and have a plan for better financial future." Absolutely true ! Please do not take my posts for financial advice. "FINANCIAL ASSETS" Bro, I don't know "jackshit" about financial assets. I am 100 percent into Real Assets. Gold and Silver being my primary mode of investment. And I still believe Obama is a GAY HOMOSEXUAL !

Nas · Apr 12, 2014 3:10 PM

LOL.... Fitting response from yr world, Nas !!!!

OBAMA · Apr 12, 2014 4:08 PM