Not to be doom and gloom, but it's around 8600. The only thing keeping me from crying is that i'll be riding the Tunnels later.
| Dirt Treaders http://www.dirttreaders.com/phpBB3/ |
|
| The Dow is below 9000 right now..... http://www.dirttreaders.com/phpBB3/viewtopic.php?f=11&t=773 |
Page 1 of 1 |
| Author: | Phonger [ Thu Oct 09, 2008 12:58 pm ] |
| Post subject: | The Dow is below 9000 right now..... |
| Not to be doom and gloom, but it's around 8600. The only thing keeping me from crying is that i'll be riding the Tunnels later.
|
|
| Author: | QuietStorm [ Thu Oct 09, 2008 1:00 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
I don't even check my accounts anymore... I used to but I like my sanity too much to even think about it. |
|
| Author: | foo29er [ Thu Oct 09, 2008 1:03 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
just have to ride this out. and if you have money there's some great deals out there |
|
| Author: | danimal [ Thu Oct 09, 2008 1:28 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
I'm selling internal happiness for $20 a pop. Buy now! |
|
| Author: | Evil Chocula [ Thu Oct 09, 2008 4:46 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
I think we're heading down to the 2003 low of 7700 (that's only 12% more). People dont realise that those bailout dollars need time to work into the system. Euroupe is effed... Iceland basically imploded today. The good news, the dollar is rallying against the pound and euro.... More good news... it would appear that the commodity's bubble burst. In other words, oil, steel, aluminum, rubber, corn, etc are all dropping like rocks. Hopefully we'll see some real cheap gas soon, and cheaper frames in '10  Definetly not a depression. Recession, yes. As for the market, the only way to "lose" money right now is if you own a stock that goes out of business (like Lehman) or if you sell out to cash. Stay invested, dollar cost average an S&P500 index fund if you have the balls. The two best 3 year periods to invest in the stock market since 1930 was the bottom of the GD, and the day after the 1987 crash. Sorry, I tell people this shit all day 
|
|
| Author: | katonk [ Thu Oct 09, 2008 4:53 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
Thanks mang, that helps to put things in perspective. Which brings me to a question that I've had for quite some time: Isn't "Evil Chocula" redundant? I mean, is there such a thing as a non-evil Chocula? |
|
| Author: | Brian [ Thu Oct 09, 2008 8:51 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
Evil Chocula wrote: Stay invested, dollar cost average an S&P500 index fund if you have the balls. It's a real gut check, but I second this advice - dollar cost averaging works as long as you are not planning to retire in the next 10 or so years. There is still considerable downside risk over the next several months but nothing compared to the upside potential over the next several years. Don't panic and whatever you do, don't take your money out now! Sorry, back to biking now... |
|
| Author: | Ld00d [ Fri Oct 10, 2008 4:40 am ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
I don't get why people pull everything out. Don't they realize they're the cause? |
|
| Author: | Phonger [ Fri Oct 10, 2008 8:19 am ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
Ld00d wrote: I don't get why people pull everything out. Don't they realize they're the cause? Exactly...fear is contagious. |
|
| Author: | Evil Chocula [ Mon Oct 13, 2008 1:14 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
BLAM I expect a retest though.. expect a couple more drops before the rally. The good news, I think we've set a bottom. I think. |
|
| Author: | Ld00d [ Mon Oct 13, 2008 5:00 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
very nice. now if we can identify these problems before they become disastrous. anyone who's interested check out this american life's episode called Another Frightening Show About the Economy thanks to tal, i've learned more than i wanted to know about naked short selling and default credit swaps. for all of you "npr is biased liberal media" naysayers, they blame the clinton admin for letting the default credit swap thing go through unregulated. |
|
| Author: | OffRoadie [ Mon Oct 13, 2008 6:00 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
Listen to "Giant Pool of Money" as well. And read this: http://www.letxa.com/articles/25 |
|
| Author: | katonk [ Mon Oct 13, 2008 6:04 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
Good stuff d00d. It's all about "stock injection". |
|
| Author: | Evil Chocula [ Mon Oct 13, 2008 6:47 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
Ld00d wrote: very nice. now if we can identify these problems before they become disastrous. anyone who's interested check out this american life's episode called Another Frightening Show About the Economy thanks to tal, i've learned more than i wanted to know about naked short selling and default credit swaps. for all of you "npr is biased liberal media" naysayers, they blame the clinton admin for letting the default credit swap thing go through unregulated. I don't have time to listen to this right now... but, is it the NPR special where they have people involved explain what happened? Mortgage brokers, etc? If so, its very good. |
|
| Author: | Ld00d [ Mon Oct 13, 2008 6:57 pm ] |
| Post subject: | Re: The Dow is below 9000 right now..... |
Evil Chocula wrote: Ld00d wrote: very nice. now if we can identify these problems before they become disastrous. anyone who's interested check out this american life's episode called Another Frightening Show About the Economy thanks to tal, i've learned more than i wanted to know about naked short selling and default credit swaps. for all of you "npr is biased liberal media" naysayers, they blame the clinton admin for letting the default credit swap thing go through unregulated. I don't have time to listen to this right now... but, is it the NPR special where they have people involved explain what happened? Mortgage brokers, etc? If so, its very good. it's the second show. the one mentioned in the ny times is linked in offroadie's post above. |
|
| Page 1 of 1 | All times are UTC - 8 hours [ DST ] |
| Powered by phpBB® Forum Software © phpBB Group http://www.phpbb.com/ |
|