Anyone following the stock market?

My plan was simple... Invest in both sides of an item... for instance, I might invest in umbrellas and then sunscreen. Why? If it's sunny - people will buy the sunscreen... if it rains, umbrellas...

While that is a rudimentary example, here is a real one.

I invested in S&P500 (SPY) and SAB Miller PLC (SMBRY). If SPY goes down, then SMBRY will go up... Hint: SMBRY is a beer company - better know as Miller - which was bought up by South African Brewing (SAB)...

Haha... anyway...

 

Does anyone here watch Cramer (Mad Money on CNBC)? My dad watches him religiously - and given we're not millionaires, his advice seems to workout pretty well.

 

I don't follow the market and all that jargine is over my head.

But today, my husband said.... "I'm gonna be sick"

He's been relocating some of our funds to different places for more security.

I don't even wanna look at my 401K.

I guess we're all in the same boat, unfortunately.

 

Be careful with Cramer! He will lead you down the wrong road. I used to take his advice to heart. Only one stock that he mentioned has panned out.(out of about a dozen) Four years ago I wanted to invest & didn't know squat, so I listened to Cramer. I have a stock guru buddy that warned me about him.
I wish i would have had that warning earlier.

I heard he will buy a stock then promote it on his show, so it spikes. Even if the stock is not that great. Then when all his fans bump the stock, he dumps it. He takes the big reward, while the little guy is stuck with a crappy stock.

 

That would probably be illegal for him so I doubt it. They usually disclose whether they own a stock when they recommend or shoot it down. It would probably be a good strategy to buy a stock he recommends early the next morning in pre-hours trading but then dump it later when all his followers jump in. You'd have to have lots of cash to make it worthwhile though because of transaction costs and taxes.

 

Point drops are relative. A 500 point drop is big but when the Dow's at 11,000, it only represents a 4.5% drop in value. Contrast that with the October 87 drop of 500 points when the dow was sitting at 2500 (20%).

 

How can anyone go wrong investing in beer? Makes perfect sense to me, being Irish and all.

 

People use it to celebrate and drown their sorrows. Stocks go up? Party! Stocks take a dive? Toss back a few and cry. You're right in either direction!

 

Helps to increase sex too. Beer's the bomb...

 

just want to announce a penny stock i found. Ambient corporations. ABTG is the symbol. its like 3 cents a share. but itll be big oneday. its go to do with BPL techknowlegy. Broadband over the telephone pole. Read about it.