Is the bazaar gonna shift up??
Whats gonna happen near the market is it gonna budge up or its gonna continue to turn downAnswers: its going to go down for a really long time. Too masses negatives. Wars, Deficits,High dash costs, Consumption Declining, Jobs cutting, Inflation, High Energy costs. There is no cause for a to market to shift up anytime soon.
Eventually the market will travel up, but it's predicted that we'll be in a slump for the rest of this year. Americans are too dependent on other countries for most of our commodities. That is what's hurting us.
What are the likelihood the Dow will stumble below 10,000?
I hope it doesn't, but...Answers: It will not fall below 10,000. Mark my word. Write me contained by a year
I don't think it will receive below 10,000, although it may get close. If it get there it in recent times might stay there and consolidate between 10,000 and 12,000 for a while.
Of course I am hoping it is carving out the bottom of a modern channel from 11,500 - 13,500 previously making 13,000 the next support.
If you look at a weekly 12-year chart, the later 4 times the slow stochastics were at these level, the Dow recovered between 500 - 2,000 points over the next few months. Of course the stochastics are not nonetheless turning back up close to they were the final 4 times ...so give it a few weeks and see how it react down here.
Things could be a little toppy but it's still printing difficult highs and here is still trend support around 11,500. The next plane down is very strong support contained by the 10,000 area. If broken, the 7,300 nouns has flawless support, but seems completely unlikely to be hit.
Money is being redistribute throughout the world economy, it wants to settle in and find it's opening, huge changes are afoot.
I want to purchase (long term) Bank stock.would etrade be the best broker?
Answers: If you know which bank stock you want to buy and do not require the sophisticated tools that etrade offers for active trading, go instead to Scottrade. Their commissions are less on the trade. $7 vs $13.
I also believe that certain bank stocks are chocked full of value currently. But some are not. Be careful.
Agree w Ken on the ETF thing and I own the XLF.
ETFC won't go bankrupt but I'm not sure buying it when its up 50% from last week is all that good an idea... you might consider selling the March 5$ Puts for .85 which would get you into the stock at 4.15$ instead of the current price of 4.60$
Or at least sell the 5$ calls if you're gonna buy it when its up like this.
eTrade is "OK". Schwab for a newbie is a better idea (or Fidelity).
I must tell you you're on the road of a major mistake done by new investors. Bank stocks have gone down soooo much that they must be cheap now. But.. when do you catch a falling knife? Do you. a newbie, know what and when to buy?
It must seem so easy to you. Your disappointment could be major with this attitude.
Read a couple of books on investing. Learn "Asset Allocation" and "Position Sizing".