CNBC predicts market to skyrocket next week

Discussion in 'Stock Market' started by DavidS, Mar 8, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    UPDATE: Stocks Could Skyrocket After March 12th - Tomorrows Playbook - CNBC.com

    Investors such as Jon Najarian are hopeful that stocks could soar next week. They say we could see an explosion to the upside after a meeting scheduled for March 12th.

    On that date, a House financial services subcommittee plans a hearing on mark-to-market accounting rules, which have been blamed for forcing banks to report billions of dollars in write-downs.

    Karen Finerman has long been an advocate of putting these rules on hiatus for a while and “letting the banks breathe.”
     
  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    CNBC Gives Financial Advice

    "If I had only followed CNBC's advice, I'd have a million dollars today; provided I started with a hundred million dollars."

    6:36 - 7:04 (Owned)
     
    Last edited: Mar 8, 2009
  3. Midnight Marauder
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    Midnight Marauder BANNED

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    I bought a bunch of stocks, couldn't resist the cheap prices. I'm gonna get rich(er) over this deal, and be able to shelter the profit until the Marxists are out of power.
     
    Last edited: Mar 8, 2009
  4. DavidS
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    DavidS Anti-Tea Party Member

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    What did you buy at what price?
     
  5. Midnight Marauder
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    Midnight Marauder BANNED

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    It wouldn't be ethical to publish that information. But it was well-known stocks of very well known companies at historic lows which can't really get significantly lower without the companies ceasing to exist. Therefore my risk is low. You can pretty much make the same choices using this model, they stick out like a sore thumb.
     
  6. Midnight Marauder
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    Midnight Marauder BANNED

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    And by the way, CNBC might be right, but it will have nothing to do with anything the government did, as they say. It will have everything to do with folks like me buying alot of cheap stock of distressed companies.
     
  7. DavidS
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    DavidS Anti-Tea Party Member

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    Why not? Many of us talk about what stocks, etc. we buy at what price. It's not like we know what broker you used to buy stocks and can look up your financial records.
     
  8. Midnight Marauder
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    Midnight Marauder BANNED

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    I just never share those specifics, because if someone emulates me then takes a bath, loses all of grandma's savings and shit, it could fuck up my little ball of karma.
     
  9. Chris
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    Chris Gold Member

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    But if they could have made a lot of money by following your advice, and you don't tell them, then you fuck up your ball of karma even more.
     
  10. editec
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    editec Mr. Forgot-it-All

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    I hope the market starts to recover.

    I wouldn't put a dime into it right now, though.

    Remember folks, the 1929 stock market lost 90% of its value.

    Now you can bet we won't go lower, but I find that hard to believe while people continue to lose their jobs at a rate of over 10,000 a day.

    How low can the bottom be for a stock?

    Zero.
     

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