US stocks are on clearance sale for black friday

[kalyanmalla]

Still deciding whether to look for deals in wall street or main street :emsmile:
Can't do both at same time :emdgust:

[KRV]

....True and yet, how much you shop the deals on Main Street on Black Friday will determine how good the deals on Wall Street are :)

[layman]

Still deciding whether to look for deals in wall street or main street :emsmile:
Can't do both at same time :emdgust:[/quote]

Don't be so sure. Maybe, the sale is yet to come. Apple at 170, VMWare at 82...

[kalyanmalla]

yes we are never sure whether we are in bear market or bull market
reminds me of a excerpt in recent book I read
" we discovered our modesty during 20 year bear market in gold from 1980 to 1999. There is nothing like 20 year bear market to home a man's sense of humility. The value of our gold coins might have gone down but our stock of humility rose. Dollar by dollar, year ofter year we became poorer but wiser. It is a form of tuition , like paying college fees for your children. Each year you pay$20,000,$30,000,$40,000 in order to make your children wise. And each year you get wise - you realize that your children have been going to beer parties, smoking pot and that your money is largely wasted. You pay you you suffer, you sweat and strain. But ultimately you become wiser:)

[DoctorJ]

yes we are never sure whether we are in bear market or bull market
reminds me of a excerpt in recent book I read
" we discovered our modesty during 20 year bear market in gold from 1980 to 1999. There is nothing like 20 year bear market to home a man's sense of humility. The value of our gold coins might have gone down but our stock of humility rose. Dollar by dollar, year ofter year we became poorer but wiser. It is a form of tuition , like paying college fees for your children. Each year you pay$20,000,$30,000,$40,000 in order to make your children wise. And each year you get wise - you realize that your children have been going to beer parties, smoking pot and that your money is largely wasted. You pay you you suffer, you sweat and strain. But ultimately you become wiser:)[/quote]
:emthup: Nice quote!!!
==============================================================
It's rare even for wise people to realize the price they paid for their wisdom. -DJ :cool:

[ycl1688]

nobody knows we are in bull or bear market,
not even uncle ben from fed reserve knows sub prime will be in such a mess.

wall street has to be good for main street to prosper.

[Chicago Desi]

Fed is hoping that the rate cut will bring the economy and the dollar on track. If the US economy sneezes, which it has, then it won't be long before the Indian economy will catch a cold. Sure the extent of the damage will not be as before, but you will surely see a dent in the fortunes of a section of the economy (the new economy). Then you will get a lot of bargains in Indian RE as well. Not only will the IT folks not invest as much in RE, but even the rich guys, who have a lot of their savings in dollars (legally or illegally) will feel the pinch.

Rate cuts is what everyone is banking on now.

http://www.guardian.co.uk/feedarticle?id=7093674
U.S. growth seen easing into 2008, rate cut in Q1

• Reuters
  
Wednesday November 21 2007

By Tamawa Kadoya
NEW YORK, Nov 21 (Reuters) - U.S. economic growth is expected to have slowed sharply in the last three months of this year and the Federal Reserve is expected to cut rates by a quarter point in early 2008 and then hold them steady for the next year, a Reuters poll showed on Wednesday.
A prolonged housing slump, high oil prices and renewed tensions in credit markets have pushed up the chance of a recession in the next twelve months to 35 percent from 30 percent in last month's poll.
The survey taken November 15-21 showed gross domestic product growth slowing to an annualised 1.4 percent in the fourth quarter, compared with 1.7 percent in October's poll.