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Down big time , This market is a joke.
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Sorry Frank! Scary, and it doesn't look like it's going to get better any time soon.Angela
If you change the way you look at things, the things you look at change.
BTW, I'm still keeping track of how many times you annoy me.
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Jokes are funny, this is a disaster.
I think this may be my biggest loss also. All gains of 2008 and part of 2007 are gone.
Maybe get a jump when the Feds drop rates tomorrow...I hope.DonComment
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OMG it is even getting worse, When I first posted I was down 4.25% , Now I am down 5.68%
Timeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4msComment
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About once every thirty to forty years there is a period when the stock market becomes ridiculously cheap. It happens when everyone hates stocks, when the mass sentiment is that equities are foolish and only fools hold equities. Time Magazine will run stories on the death of equities. Prominent economists will testify in front of Congress about how financial markets were fine for their time, but we are in a new market where capital markets are less significant than [insert hot topic du jour at this point - it will be whatever that particular academic research interests lie and he or she will fervently and persuasively describe how important it is for taxpayer money to be directed toward whatever is their academic specialty].
The smart people, however, know that markets change and that is the time to get in.
I'm not smart, but I happened to get interested in stocks about 1979. When I started buying stocks, a P/E of 12 and a 2% dividend yield was a high flier.
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What we are seeing is a normal investing cycle. Most investors today are so young they have never really experienced a true bear market. They haven't been in a market where their guts are getting ripped out of them. Not for one day, one week, one month, or even one year. A market that rips your guts out for several years, until you're not sure of anything at all any more.
I'm telling my kids to keep their wits about them. Sometime in the next five to ten years the market is going to reach one of those places where they will look back and say, "that was the stock-buying opportunity of our lifetime", just as 1979 was for my generation.“Maybe you shouldn't dress like that.”
“This is a blouse and skirt. I don't know what you're talking about.”
“You shouldn't wear that body.”Comment
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IMO If you have cash sitting and waiting to get back in today is the day to get back in.Timeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4msComment
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I disagree...and agree. I think you are right in part, but I think that there is a big trigger that started about a year ago with the housing issues and the big August 2007 drop. Feds have been behind on rate cuts, should cut on the 16th, but just weeks ago they were talking of raising rates. We have been down over 400 points today. Lehman and Merrill is causing an unstable condition, here and world wide.
Alright, I'll agree, but with those conditions. But I also think it is not as much youth as so much looks to be crashing in. Fannie, Freddy, JP Morgan, Lehman, Merrill. So much has changed in this group alone. Big painful changes.
I think tomorrow will be interesting, not the morning-flat, but afternoon could be big jump in the Fed drops the rate.DonComment
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Tomorrow morning is the dayOriginally posted by bigfrank
Wish I had a big chunk of money laying around for the quick pop tomorrow.DonComment
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Ahhh, the wonderful economic benefits of de-regulation...........
I am up in my portfolio (0.1%) today, but only because I hold SDS, QID and DEE. There's so much manipulation and corruption in business these days it's hard to
be in the market period. Off to dig a hole in my backyard....JimComment
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Wish I had DOG today.DonComment
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With just 2 minutes till close the Dow is below 11,000 and the S&P below 1,200. Not a good day!Comment
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I am Down 6.53 % GE was my main loserTimeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4msComment
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Re: Lehman
"A stock broker is one who invests other people’s money until its all gone.”
-Woody Allen,
Hence the word, "broker" ?
Bad, bad day. The worst since the big 500 drop back in the '80s.Comment
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Not sure what the offical number will be for the drop, but my indicator is showing 495.12 point drop. It may finish slightly higher or lower than that, but that is awful.DonComment
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5 min after close my percentage changed and went even lower,Originally posted by bigfrank View Post -6.95%
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