This Seems Weird.......... - Page 2

Art G · 10-08-2008, 02:04 PM

Quote:

Originally Posted by ziggy29

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

CCdaCE · 10-08-2008, 02:05 PM

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

lazygood4nothinbum · 10-08-2008, 02:40 PM

i forget who but i recall someone somewhere mentioning that the pre-adjusted close on 9/11 was down 666

mooohahhaha

FinanceDude · 10-08-2008, 10:03 PM

Quote:

Originally Posted by Sarah in SC

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..........

audreyh1 · 10-08-2008, 10:34 PM

Quote:

Originally Posted by Art G

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 ).

Audrey

FinanceDude · 10-09-2008, 03:12 PM

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.........

audreyh1 · 10-09-2008, 03:14 PM

What's the % drop from the peak on 10/9/07?

Audrey

rickier55 · 10-09-2008, 03:17 PM

Quote:

Originally Posted by audreyh1

What's the % drop from the peak on 10/9/07?

Audrey

About 42% I beleive.

Rick

lazygood4nothinbum · 10-09-2008, 03:19 PM

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.

ziggy29 · 10-09-2008, 03:20 PM

Quote:

Originally Posted by audreyh1

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%

audreyh1 · 10-09-2008, 03:30 PM

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

10-08-2008, 02:05 PM	#22
CCdaCE Full time employment: Posting here. Join Date: Apr 2006 Posts: 581	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 __________________ "There's those thinkin' more or less, less is more, but if less is more, how you keepin' score? It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder

10-08-2008, 02:40 PM	#23
lazygood4nothinbum Thinks s/he gets paid by the post Join Date: Feb 2006 Posts: 3,783	i forget who but i recall someone somewhere mentioning that the pre-adjusted close on 9/11 was down 666 mooohahhaha __________________ "off with their heads"~~dr. joseph-ignace guillotin "life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901

10-09-2008, 03:12 PM	#26
FinanceDude Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Aug 2006 Posts: 7,411	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......... __________________ 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).......:) President Obama, please know that I will continue to cling to my guns and religion........:)

10-09-2008, 03:19 PM	#29
lazygood4nothinbum Thinks s/he gets paid by the post Join Date: Feb 2006 Posts: 3,783	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. __________________ "off with their heads"~~dr. joseph-ignace guillotin "life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901

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10-09-2008, 03:14 PM	#27
audreyh1 Thinks s/he gets paid by the post Join Date: Jan 2006 Posts: 2,203	What's the % drop from the peak on 10/9/07? Audrey

10-09-2008, 03:30 PM	#31
audreyh1 Thinks s/he gets paid by the post Join Date: Jan 2006 Posts: 2,203	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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