What Will The Stock Market Do Tomorrow?

**forHISglory** · 08-10-2011, 10:47 PM

Boy, is it down! Good thing I don't try to make a living being a stock broker!

**imagine** · 08-11-2011, 02:38 PM

Originally Posted by forHISglory

Boy, is it down! Good thing I don't try to make a living being a stock broker!

But today it is up! in fact at this time most world markets are up http://money.cnn.com/data/world_markets/americas/

Up and down is how the market works. It is the life breath of the beast. Now a upward tend over a down way tend over time is what makes for a happy market

Imagine sings "it up and its down and it comes back around" to the chorus of Katy Perry's hot n cold

Sesame street version here

[ame=http://www.youtube.com/watch?v=YHROHJlU_Ng]Katy Perry sings "Hot N Cold" with Elmo on Sesame Street! - YouTube[/ame]

Buy the way stock brokers make money on commission when stocks are bought or sold so since it is going up and down they are making money coming and going.

**forHISglory** · 08-11-2011, 02:49 PM

I don't work with a stock broker, but rather a financial advisor. It's been one of the best financial decisions we ever made. With his help, our investments tripled in the last 5 years. His pay from us is a fraction of a percentage of any gains. So if we have no gains, he gets no paycheck from us. When we gain, he gains. I like that plan better than working with a broker on commission.

**NikoSan999** · 08-11-2011, 02:54 PM

Well, I don't know much about how the stock market works. Hubby understands it far better than me but I can say this....with what we do...it's killing us.

Recycling ( as a middle man ) is subject to even the tiniest whim of not only the stock market but the worlds debt crap and out in the news this morning is hammering on now Europes downfall...and it fell even further. What you DON'T see on those ticker tapes as a whole is what isn't being bought overseas or here either for that matter and metal prices dropping further and further...they aren't going up.

We're dying here. May not have to worry about Wells Fargo.

**imagine** · 08-11-2011, 02:57 PM

Originally Posted by forHISglory

I don't work with a stock broker, but rather a financial advisor. It's been one of the best financial decisions we ever made. With his help, our investments tripled in the last 5 years. His pay from us is a fraction of a percentage of any gains. So if we have no gains, he gets no paycheck from us. When we gain, he gains. I like that plan better than working with a broker on commission.

If no gains no paycheck I agree that nice

I was addressing your comment about not making your living as a stock broker. not which one was better advisor or broker or even self on line selling.

Stock brokers they don't make money when people make gain or when they loss. They make money when stocks are sold. Which in an "up one day and down the next then up the next" that kind of market is good for them.

Day trader those that buy and sell short term are making money in this up and down market. Since they are buying low one day and selling high the next. then they can do it again.

**imagine** · 08-11-2011, 03:01 PM

Decided not to ask it really was non my business.

**NikoSan999** · 08-11-2011, 03:17 PM

We buy and sell. Both. We buy at one price within our profit margin and according to where we're taking it to and what they're paying.
Example, copper, it's dropped a ton...he took a load yesterday and they held the price....BUT next load it's going to reflect the drop BUT we can't drop cause the competion didn't drop theirs.

Copper is just one example ou t of a sheet full of stuff. In 08 the sheet that reflects the stuff we buy and in turn take in and resell to the bigger up that sells here and overseas went blank. The people we take to, their contracts that they sell to canceled, therefore our sheet was blank. We had no buyers of our stuff and we had to keep buying from the public to stay in business. At that time we had savings to counteract it but this time we don't.

No, the sheet isn't blank....yet. But what we're getting back profit wise on product has dropped dramatically and the competion isn't dropping theirs and is NOT that far away.

In other words, the big guys are dropping their prices according to contracts and such to say China and India...Europe...who are all also biting the big one so to speak. This and Wall Street are all connected. Hard to explain.

In the beginning of 09, another example, China had a big contract here. 2 ships went out to take to China....China cancelled. The 2 ships stayed in the International water for I think it was 2 weeks because they couldn't come back home until something...I forget what...but since china had canceled they couldn't go there either.

We figure the chance on that sheet going blank again is about 50/50....at best us 40...them 60...
And we couldn't hang on long enough this time to let it get blank or take much less profit.

**imagine** · 08-12-2011, 04:23 PM

Market under the day up again today

This article had this to say

"With Thursday's 423-point jump combined with today's gains, the Dow is only down roughly 170 points for the week. It's almost like Monday's 625-point drop, or the 520-point drop on Wednesday, never happened."

Market Report - Aug. 12, 2011 - CNNMoney

**imagine** · 08-12-2011, 06:56 PM

Originally Posted by imagine

Market under the day up again today

This article had this to say

"With Thursday's 423-point jump combined with today's gains, the Dow is only down roughly 170 points for the week. It's almost like Monday's 625-point drop, or the 520-point drop on Wednesday, never happened."

Market Report - Aug. 12, 2011 - CNNMoney

That should read ended not under My fingers must have gotten away from me.