US market up 17% from Friday's bottom
 

Wow. And ... wow.

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I don't get it :upsidedow

I should have bought more... I kinda knew this would happen, but still held back a bit, should have went all out :(

He wanted to buy more on the cheap would be my guess.



Wow is right. I certainly didn't expect a rally this soon.

Do you think we get a pullback tomorrow?

;-)

Given the historically low valuations being placed on top companies right now all of us who plan to be buying stocks in the coming year should hope for lower prices. As Warren Buffet has said "If I'm a net buyer, obviously I would rather have prices go down than up".

I try to keep this in mind but of course when you have a huge percentage of your net worth in stocks it is difficult not to get EMOTIONALLY excited about big up days - even when in the LONG RUN it is to your disadvantage.

Now I get it :)
Good thing I am blond :winkwink:

Yeah last week I took everything that I won't need for the next few years and put it in the market. Up 24% on those shares so far.

These are the cheapest valuations I've ever seen

Congrats on your winnings. I guess the next days the only way is up because good news is what investors were waiting for to get them going again.

I have no idea. I only think in 10 year time frames. I don't know anyone who can predict tomorrow or this week with any accuracy.

The last part is 100% true, the good thing is: when prices are at an all time low, the only way is up :winkwink: Now would be a good time to buy the right stocks and make some green.

I saw you mention that in your thread last week. Its a good year to be a contrarian value investor. :thumbsup

Heres a few well worn but time tested investing maxims from the late great Sir John Templeton that fit nicely with your approach.

I said in a thread last week that timing the market is a mugs game. You obviously would like to buy stocks at their lowest price but who knows what that is in a market like this. Instead find solid companies with ridiculous valuations/multiples and pick them up. Well they might go down a bit more they will certainly rise faster and further when the market turns for good.

Great hero to have. Over the weekend I was telling my g/f that famous story about Templeton. About how at the beginning of WW II he borrowed money to buy $100 worth of 104 stocks on the NYSE trading below $1. I think he borrowed $10,000 and ended up making $40,000 in 4 years.

Couldn't agree more. 100%.

I am kicking myself :(

The stock market is going up 14% here in Brazil.

:)

I am actually waiting rather to to buy put options again, once current rally will go up a bit higher.

the biggest daily gains in the history:

1 15.03.1933 62,10 +8,26 +15,34
2 06.10.1931 99,34 +12,86 +14,87
3 30.10.1929 258,47 +28,40 +12,34
4 21.09.1932 75,16 +7,67 +11,36
5 21.10.1987 2.027,85 +186,84 +10,15
6 03.08.1932 58,22 +5,06 +9,52
7 11.02.1932 78,60 +6,80 +9,47
8 14.11.1929 217,28 +18,59 +9,36
9 18.12.1931 80,69 +6,90 +9,35
10 13.02.1932 85,82 +7,22 +9,19

look on the years, when they happened. All of them were bear market rallies.
I bet we still didnt saw true market bottom yet, cause this recession is going to be big and long.

"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell,"

Nice quote ! Never saw it before but it covers the entire stockmarket essence.

ing bank in Holland went up: 27,21% today

Euro 456.692.965,96 was bought (worth their stocks in one day)

what a day