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10-23-2008, 09:35 AM
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#141
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Quote:
Actually, the intraday low was hit on October 10.
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Just call me the Oracle.
Ah... Ignore this post.
__________________
Al
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10-23-2008, 09:37 AM
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#142
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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CG,
In general I agree with WB, and yourself. But this down market is quite a bit different than any we have been through.
Saw an interview on CNBC with a panel of 3 veteran MF managers (age: 70+). After the interview, a commentator (in his 40s) said "I have respect for these managers who have long tenure in their work. But they all conceded that this is no bear market like they have seen. Then, how can they predict that the recovery will be like they have seen in the past?" Other reporters did not have much to say after that...
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10-23-2008, 09:43 AM
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#143
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by NW-Bound
CG,
In general I agree with WB, and yourself. But this down market is quite a bit different than any we have been through.
Saw an interview on CNBC with a panel of 3 veteran MF managers (age: 70+). After the interview, a commentator (in his 40s) said "I have respect for these managers who have long tenure in their work. But they all conceded that this is no bear market like they have seen. Then, how can they predict that the recovery will be like they have seen in the past?" Other reporters did not have much to say after that...
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Great point......which is the VERY REASON we need more folks in their 40's IN THE SENATE.....too many folks over 70 and 80 in there..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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10-23-2008, 09:48 AM
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#144
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Location: Dallas
Posts: 1,211
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My bad!
According to Vanguard, the "range" from 52 week high to 52 week low
was reached yesterday at 72.77%. The actual high was $142.83 and
the low reached yesterday was $82.67. The drop from high to low was
42.1%. The "range" is the percentage needed to recover from the 52 week low to the 52 week high. Both numbers are scary.
Next time I will do the math myself before posting.
Cheers,
Charlie
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10-23-2008, 10:30 AM
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#145
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Gee, what a surprise. Another rally fizzled.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-23-2008, 10:38 AM
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#146
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,605
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We've hit bottom
Well, at least according to the Washington Post, and if they've implied it, shouldn't it be true?
From the 10/22/08 edition, the article describes bottom-feeding with interviews from experts. Any time I see interviews from 'experts', including denegration of Jim Cramer, I figure the worst is over.
bargains galore search results on washingtonpost.com&
__________________
Only got A dimple, would have preferred 2!
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10-23-2008, 11:51 AM
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#147
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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we might just end in the green today
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10-23-2008, 11:57 AM
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#148
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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93 Down as I write this - Have to wait until the bewitching hour (3 - 4 pm).
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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10-23-2008, 12:00 PM
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#149
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by OAG
93 Down as I write this - Have to wait until the bewitching hour (3 - 4 pm).
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That's just the Dow. Most everything else is a *lot* worse than that on a percentage basis. REITs are down 8%. MDY (midcaps) down 6%. Russ 2K down nearly 5%.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-23-2008, 12:20 PM
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#150
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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maybe not
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10-23-2008, 01:32 PM
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#151
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by al_bundy
maybe not
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Last half hour. Here come the mutual fund sell orders.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-23-2008, 01:48 PM
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#152
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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No, I was wrong!!! Losing money already, and getting no comfort buying lower than people before me!!!
Where's DAWG? I want to tell him I found his "head banging" emoticon on the Web. I may have to use it soon. Am I 'nother born loser ?
PS. No, I am now breaking even.
People who buy MF do not have this "pleasure" of seeing your stock price in real time. No, I am never a day trader (wouldn't mind being one if I know how to make money). Maybe a masochist!
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10-23-2008, 04:59 PM
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#153
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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what a day, don't day trade but i picked up SSO at $27.35 around 3pm, came home, put an after hours sell order in for $29 just in case, took my son out for a walk and came back to find it sold.
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10-24-2008, 05:41 AM
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#154
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Look at the futures for today - some are at the down limits. Going to be an interesting Friday on Wall Street. Going to be lots of inexpensive purchases available about 3:30 Pm.
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Vietnam Veteran, CW4 USA, Retired 1979
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10-24-2008, 05:47 AM
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#155
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,068
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Looks like we should 'test' those lows today!
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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10-24-2008, 06:21 AM
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#156
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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the price of oil has a lot to do with this
most of the latest rally was on energy and commodities and they still have to go lower
i'm not looking to buy right away, but with huge price drops like this as long as things stabilize it's a screaming buy signal
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10-24-2008, 07:25 AM
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#157
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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I've got the screaming part down pat...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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10-24-2008, 07:33 AM
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#158
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
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Quote:
Originally Posted by TromboneAl
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I am SO hoping that you pinpointed the bottom! (And not just because I bought on October 10th).
Futures are not looking very good today at all, so you may only be right for a few more hours. Fooey.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-24-2008, 08:16 AM
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#159
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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I'm sure tempted to do a little rebalancing...
__________________
Al
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10-24-2008, 08:39 AM
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#160
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Quote:
Originally Posted by TromboneAl
I'm sure tempted to do a little rebalancing...
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And maybe call another bottom.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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