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Old 10-08-2008, 02:04 PM   #21
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The ban on shorting the list of 900-something financials ends at 11:59 PM tonight.

Thank you. I would think then that buying financials today may be the way to go. Wouldn't it? This may be a once in a lifetime shot. It's like buying a stock the day before it's announced it's being added to the S&P 500. JMO
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Old 10-08-2008, 02:05 PM   #22
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Speaking of ...nutty? patterns. What ever happened to the guy/theory that called the last "crash" a year or so ago. It was based on some pattern that included 9/11 and other hoopla. Of course, it looked good in the rear view mirror, but I haven't heard of it since.

Anyone else recall this story? ... off to search the archieves for a second time.

-CC
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Old 10-08-2008, 02:40 PM   #23
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i forget who but i recall someone somewhere mentioning that the pre-adjusted close on 9/11 was down 666

mooohahhaha
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Old 10-08-2008, 10:03 PM   #24
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Originally Posted by Sarah in SC View Post
Oh, and thanks to CuppaJo on the mental status of FAs for this post from one of the million annuity threads (sad but at least this guy suddenly realized what he was selling was horrible):


Thanks, Cuppa, I for one am glad that a) we don't sell annuities and b) that ours is a one story building.
Uh, he wasn't a financial planner, he was an unemployed financial analyst, since 2005...............but who cares about facts anyway, in an election year..........
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Old 10-08-2008, 10:34 PM   #25
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Anyone know the day that companies have to cover shorts by? Was it today?
No one had to cover shorts today. Investors can start shorting financial stocks tomorrow (as of mid-night tonight 10/8 ).

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Old 10-09-2008, 03:12 PM   #26
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Well, I got my answer....

October 9th, 2008: 8623.31

Down 39.1% in ONE calendar year

I take it back, this is looking WORSE than after 9/11.........
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Old 10-09-2008, 03:14 PM   #27
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What's the % drop from the peak on 10/9/07?

Audrey
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Old 10-09-2008, 03:17 PM   #28
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What's the % drop from the peak on 10/9/07?

Audrey

About 42% I beleive.

Rick
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Old 10-09-2008, 03:19 PM   #29
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suddenly real estate isn't looking so bad.

of course, i'll have to see if my address lines up astrologically to the local market decline to know just when to sell.

my plan is to ride real estate down and then ride the market back up again. just for a change of view.
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Old 10-09-2008, 03:20 PM   #30
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What's the % drop from the peak on 10/9/07?
Are you sitting down, Audrey? Got your barf bag handy?

From their intra-day all-time highs on October 11, 2007:

Dow -- 14,279.96 to 8,579.19 -- down 39.92%
S&P 500 -- 1576.09 to 909.92 -- down 42.27%
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Old 10-09-2008, 03:30 PM   #31
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I didn't need to have a barf bag to see the total damage. This whole week I've been watching my retirement portfolio fast approaching the level it was when I retired in 1999!!! At the Oct 2007 peak I was 61% above that level. Yesterday, I was only 14% above that level. After today - gulp!

Glad I've got those 2.5 years in cash on the sidelines!

Audrey
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