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01-21-2008, 07:02 PM
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#41
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Full time employment: Posting here.
Join Date: Mar 2007
Location: Anchorage
Posts: 731
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I think there is panic and it will continue.
I wish I was still in the accumulation phase - but wait, that would mean I was w*rking - I take it back.
Am I the only one who really misses Louis Rukeyser? His tv show was strangely comforting to me, and he never appeared ruffled.
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01-21-2008, 07:06 PM
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#42
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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I liked Louis a lot, I am sure he is responsible for much of my interest and education in financal matters.
Such a huge drop from Louis and the Elves to Cramer and CNBC
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01-21-2008, 07:08 PM
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#43
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by toofrugalformycat
I wish I was still in the accumulation phase - but wait, that would mean I was w*rking - I take it back.
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Funny. I had exactly those same thoughts.
A huge after Christmas sale and I have to sit on my hands...
__________________
Numbers is hard
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01-21-2008, 07:08 PM
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#44
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 319
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Since overseas markets were down a lot today, it would make perfect sense that the Dow will be hurting on Tuesday.
This probably means the Dow will close up by the end of the day because we know markets are rarely rational.
__________________
To endure the unbridled micromanagement of one's time on this earth, whether paid or unpaid, is to offer up one's soul to a paradigm of increasing tyranny, exploitation and indignity.
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01-21-2008, 07:18 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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And believe EVERYTHING they tell you. Life as we know it is over. Learn how to cook insects and rodents if you want to eat.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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01-21-2008, 07:21 PM
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#46
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Eh, I've seen holiday dumps in the overseas market that dont materialize here on the next trading day. A little time to think things over might turn into a lesser hit tomorrow.
On the other hand, anyone else wanna sass me about that prediction of getting closer to S&P 500 @ 1000 this year than to 2000?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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01-21-2008, 07:58 PM
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#47
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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Quote:
Originally Posted by toofrugalformycat
I think there is panic and it will continue.
I wish I was still in the accumulation phase - but wait, that would mean I was w*rking - I take it back.
Am I the only one who really misses Louis Rukeyser? His tv show was strangely comforting to me, and he never appeared ruffled.
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He was THE Man..
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01-21-2008, 08:07 PM
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#48
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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01-21-2008, 08:22 PM
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#49
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Quote:
Originally Posted by toofrugalformycat
I think there is panic and it will continue.
I wish I was still in the accumulation phase - but wait, that would mean I was w*rking - I take it back.
Am I the only one who really misses Louis Rukeyser? His tv show was strangely comforting to me, and he never appeared ruffled.
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Oh Louis how we miss you. Friday nights just aren't the same .
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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01-21-2008, 08:57 PM
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#50
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Full time employment: Posting here.
Join Date: May 2006
Posts: 858
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I predict the US market will go down and then back up. My guess is S&P500 at 1280 is the bottom.
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01-21-2008, 09:11 PM
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#51
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 599
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Dang yall, I took the day off work/computer to hang with the wife and kids, and had no idea that THE SKY WAS FALLING!
Good thing I'm wearing my peril-resistant afro...............
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01-21-2008, 09:22 PM
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#52
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,294
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__________________
There's no need to complicate, our time is short..
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01-22-2008, 12:11 AM
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#53
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gone traveling
Join Date: Aug 2006
Posts: 994
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Dow futures down over 500 !
I'm glad I'm not in the stock market !
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01-22-2008, 12:32 AM
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#54
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,109
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Quote:
Originally Posted by Helena
I'm glad I'm not in the stock market !
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Frankly it is the bond market that worries me. Stocks may go up and down but right now the risk of 0 is greater in the bond market IMHO.
Bonds, banks, insurers (who invest in bonds) are at greatest risk.
__________________
Duck bjorn.
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01-22-2008, 12:34 AM
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#55
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gone traveling
Join Date: Aug 2006
Posts: 994
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The only bonds I have are US government bonds.
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01-22-2008, 02:30 AM
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#56
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2005
Posts: 6,115
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just rember if you were in the markets for many years you would be no where near even the level we fall to on a bad day if you werent in the game. two buddies of mine are retireing from the same place after the same amount of time. they both worked for the nyc board of ed . they could elect where they wanted their pension money invested aaron not having any interest in the markets nor wanting to take any risk basically let it lay in bonds and a money market. he figured what the heck, we all earn around the same thing , we all will put in as many years , we will all end up about the same.
joe chose all stock funds for over 30 years.
needless to say aaron got 189,000 and joe walked away with 1.4 million.
aaron is still working.
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01-22-2008, 04:14 AM
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#57
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gone traveling
Join Date: Nov 2005
Posts: 2,146
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Dow futures down over 600, The asian markets are down close to 10% in the last two days that could be a 1200 pt drop today here with the dow. Who knows. The american consumer is tapped out, why would the stock market do well??
If 70% of the economy is spending by regular joes who have no home equity anymore no more money and afraid they may lose their jobs, Dow 8000 or less could happen.
This is what happens when we don't build anything anymore. Its gonna come home to roost.
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01-22-2008, 06:20 AM
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#58
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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Quote:
Originally Posted by newguy888
Dow futures down over 600, The asian markets are down close to 10% in the last two days that could be a 1200 pt drop today here with the dow. Who knows. The american consumer is tapped out, why would the stock market do well??
If 70% of the economy is spending by regular joes who have no home equity anymore no more money and afraid they may lose their jobs, Dow 8000 or less could happen.
This is what happens when we don't build anything anymore. Its gonna come home to roost.
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OK, I've got my popcorn and I'm ready for the show! Should be quite amazing. If not, I'll ask for my money back.
Seriously, what else can one do? There's no way I'm going to try to buy or sell anything until things settle down a little, and probably not even then since I try not to be a dirty market timer.
__________________
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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01-22-2008, 06:24 AM
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#59
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Thinks s/he gets paid by the post
Join Date: Sep 2005
Posts: 1,677
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Strange but I feel no panic at all and like Want2retire I'm ready to watch the show.
__________________
Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
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01-22-2008, 06:29 AM
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#60
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Full time employment: Posting here.
Join Date: Aug 2007
Posts: 961
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Quote:
Originally Posted by newguy888
Dow futures down over 600, The asian markets are down close to 10% in the last two days that could be a 1200 pt drop today here with the dow. Who knows. The american consumer is tapped out, why would the stock market do well??
If 70% of the economy is spending by regular joes who have no home equity anymore no more money and afraid they may lose their jobs, Dow 8000 or less could happen.
This is what happens when we don't build anything anymore. Its gonna come home to roost.
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Agree the US does not build anything anymore but get the popcorn ready it is going to be interesting morning and day.
Could any of this be attributed to GREED?
Let's hope that the U.S government does not have to bait out the people who made bad investments.
GOD BLESS
__________________
War is a poor chisel to carve out tomorrow. - Martin Luther King Jr.
Seek peace, and pursue it. - Psalms 34:14
Be kind to unkind people - they need it the most - by Ashleigh Brilliant.
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