Please pray for the stock market

[J-Roc]

Originally Posted by Praxeas

I was joking about that. I do have some investments. I own some shares in a stock that I am not worred about. However my mutual fund I am more concerned with since I don't have any real control over selling off each individual stock or buying more at a lower price. I might just sell the mutual fund for now until the market starts climbing again

I hope you didn't do any selling off, Prax...

[Praxeas]

Originally Posted by J-Roc

I hope you didn't do any selling off, Prax...

I re-allocated some funds and then moved them back in after a week. Since then the market has been pretty good :-)

[ILG]

Originally Posted by hammondb3klingon1

Father we stretch our hand toward wall street right now....

LOL!

[J-Roc]

A letter I received today from the exchange:

_________________________________________________



July 13, 2007

To Our Valued Customers:

We are very pleased to announce that today CME and CBOT have completed the merger of our two great institutions. The new entity - CME Group Inc., a CME/Chicago Board of Trade Company - is now the world's largest and most diverse exchange.

Customers around the world will now have access to a wide array of benchmark exchange-traded derivatives products based on the entire U.S. interest rate yield curve, equity indexes, foreign exchange, agricultural commodities, energy, metals and alternative investment products such as weather and real estate. Supported by leading trading technology and world-class clearing, these products ultimately will be available for trade around the clock, around the world from a single electronic platform as well as via open outcry and privately negotiated trading. As one company, we will be able to provide more diverse and innovative products, increased operational efficiencies and a more streamlined business environment.

CME and CBOT are two of the most recognized brands in global financial markets. As we integrate our two companies, we will leverage our combined strengths to create an even more powerful brand. Our brand value will reflect our commitment to serving our customers first - through inventiveness, superior service, transparency, liquidity, industry leading technology, efficient clearing and global reach. Our new company, CME Group, is committed to these values as we continue to strive to improve the way markets work for your benefit.

Our customers are the foundation for our success, and we will work hard to keep you well-informed of our progress and will seek your feedback along the way. For more information, including a fact sheet and answers to many of your integration-specific questions, please be sure to visit our new Web site at www.cmegroup.com.

We deeply value our relationship with you and look forward to continuing to provide the innovative products, technology and customer service expected from us.

Sincerely,



Terrence A. Duffy
Executive Chairman


Charles P. Carey
Vice Chairman


Craig S. Donohue
Chief Executive Officer

[COOPER]

Originally Posted by hammondb3klingon1

Father we stretch our hand toward wall street right now....

a CLOUD SHALL rise up out of the East

[DividedThigh]

Originally Posted by Praxeas

I was joking about that. I do have some investments. I own some shares in a stock that I am not worred about. However my mutual fund I am more concerned with since I don't have any real control over selling off each individual stock or buying more at a lower price. I might just sell the mutual fund for now until the market starts climbing again

Prax, it is a good idea to pray, and also get some help, you can pm me anytime, i am a financial advisor, so pray and ask for help if yu need it, lol, dt

Originally Posted by Praxeas

Well, I enjoy praying. Do it everyday. But why pray for the stock market? It is right at an all time high. Never before has there been so much volume. It is up almost everyday. Why just today it was up another 45.52 points. The NASDAQ was up 5.27 and S&P was up 4.80.

Is there some particular concern that you are having. If your stocks do nothing but what the market does alone, you are looking at a very healthy ROI. I'm doing much better.

I love my SA. They just keep climbing and will not stop up it reaches $50 per share. I love my RAME and TTM too. Both are doing quite well. The Turkish government dropped a bomb on EGO and caused it to drop a great deal yesterday, but that is only a temporary set back. My WTI is poised for a huge recovery too.

So, I will pray concerning whatever concerns you may have but the stock market in the USA is doing great. The maket in China and India are doing much better, including the European maket too.

Originally Posted by Arphaxad

I think verichip is going for 8.50, or 9.50 a share.

It closed at 8.60 today. It appears to be greatly over valued right now. It is way above its support and even its 200 DMA. With only 86,000 trading volume, interest seems to be way down.

[J-Roc]

Originally Posted by Brother Strange

It closed at 8.60 today. It appears to be greatly over valued right now. It is way above its support and even its 200 DMA. With only 86,000 trading volume, interest seems to be way down.

Actually, from its high on Monday, to its low today, it has tanked nearly 22%....ouch

Nevertheless, the low volume on the downward movement provides some comfort for those looking to hold this one for the long haul....

[CC1]

Prax,

You should be happy today! The stock market briefly rose above 14,000 before dropping a bit.

The stock market has gained 30% over the last year. That is good news for my 401k mutual fund investments!