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Stock Market Seems to Be Taking A Dive While ER.ORG Has Been On Other Assignments
06-20-2008, 08:14 AM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Stock Market Seems to Be Taking A Dive While ER.ORG Has Been On Other Assignments
Dow is at 11,893 this morning, off ~1.5 % yet again.
I certainly would not have expected to see GE at $27.42. Wish I had, I would have more money today.
Ha
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06-20-2008, 08:16 AM
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#2
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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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Oil, oil, oil. Period. As oil goes right now, so goes the stock market in the other direction.
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"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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06-20-2008, 08:34 AM
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#3
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,202
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Fooey!!!  
This is not what we want to see, now is it.
On the other hand it's a great blue light special, for those who didn't buy on the 11th like I did. 
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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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06-20-2008, 08:36 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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I'm slowly moving my mom's Vanguard IRA from money market funds into Wellesley and Wellington. It may time to move another chunk of change today.
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"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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06-20-2008, 09:13 AM
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#5
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,202
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 Quote:
Originally Posted by ziggy29
I'm slowly moving my mom's Vanguard IRA from money market funds into Wellesley and Wellington. It may time to move another chunk of change today.
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Maybe so, keeping in mind that dividends are due at the end of June. They may dip further in a little while.
__________________
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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06-20-2008, 09:13 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Just think what a buy it will be when it goes down to 7000 
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06-20-2008, 09:18 AM
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#7
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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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But the people waiting for that won't have any money to buy because they will have spent it all on guns, ammo, gold, canned food and tin foil. 
Anyone else notice how much the market usually stinks on a Friday? Seems like no one wants to go long before the weekend because of fear of the uncertain. I wish there was a way an ordinary sod like me could play that.
__________________
"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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06-20-2008, 09:26 AM
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#8
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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: 49,721
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In keeping with the frugal nature of this board, go with these guys and you can get two for one...maybe three for one if you move out there...
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Numbers is hard
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06-20-2008, 09:27 AM
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#9
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Now now, I'm no market timer, but bye bye Schwab money market.
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06-20-2008, 09:34 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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I invested some more this morning...I wonder what the Plunge Protection Team's next move will be... 
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- Hurry! to the cliffs of insanity!
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06-20-2008, 09:40 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,960
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Trick question - does a Vanguard computer rebalancing(my Target Retirement) away make a noise.
Or get emotional or use bandaids from trying to catch too many falling knives?
Luckily I have some hobby/side money for entertainment with a few individual stocks.
Here's to greed, fear, lust and hormones!
heh heh heh - preseason doesn't get really going till August and I hear the Pats have a good football team - but hope springs eternal - Geaux Saints! .
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06-20-2008, 11:51 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 1,829
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Quote:
Originally Posted by haha
I certainly would not have expected to see GE at $27.42. Wish I had, I would have more money today.
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I had held a small amount (2,200 shares) of GE stock for quite some time in my 401(k) from the days when I worked for GE years ago. I questioned selling it back in March 2008 for a bit over $37 a share. As of this post it's down over 25% from when I sold it. Ouch!
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06-20-2008, 12:38 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2007
Posts: 5,596
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Quote:
Originally Posted by statsman
I had held a small amount (2,200 shares) of GE stock for quite some time in my 401(k) from the days when I worked for GE years ago. I questioned selling it back in March 2008 for a bit over $37 a share. As of this post it's down over 25% from when I sold it. Ouch!
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I had the same situation with Bank of America stock from when I worked there many years ago. I sold all of it (3,656 shares) back in October for $50.55/share. It's now $27.22/share. Miss those great dividends although I bet BAC ends up cutting them.
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I purr therefore I am.
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06-20-2008, 01:35 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,995
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Screw blue light specials. I'm tired of this crap. Looks like another Friday night snuggled up to a cold six pack. 
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Retired 3/31/2007@52
Investing style: Full time wuss.
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06-20-2008, 01:40 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 1,829
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No kidding. I keep wondering if we will ever write the cashier's check from our credit union and send it to Vanguard. The longer we wait, the harder it gets (but the more money we save) ...
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06-20-2008, 01:41 PM
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#16
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,202
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Aw!! Don't forget: What goes down, must come up.
Or was it the other way around. Anyway, hope your evening isn't too dismal.
__________________
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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06-20-2008, 01:46 PM
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#17
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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: 49,721
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Dawg, you need to be more optometristimistic...
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Numbers is hard
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06-20-2008, 01:52 PM
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#18
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Dawg , I'm with you . I'm sick & tired of this lousy market.
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06-20-2008, 01:56 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,725
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I have been enjoying the opportunity of buying good quality companies at historically low prices for about 7 months ago.
I am getting a little tired of the game, and would welcome an opportunity to sell good quality companies and historically high prices. (Not sure what the correct emoticon to use is)
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06-20-2008, 02:11 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Quote:
Originally Posted by Want2retire
Aw!! Don't forget: What goes down, must come up.
Or was it the other way around. Anyway, hope your evening isn't too dismal.
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I think you are right on this Want2Retire. However, IMHO, three things need to happen first:
1. Oil prices go down or at least stabilize;
2. We finally see stability in real estate; and
3. We get through this next election.
We need to remember how we felt going through the last few downturns. Things seemed dismal then but we got through it and the market came back stronger than ever.
Even though I dumped my BAC stock a while back, I still have a good chunk in the market through my TSP.
While I am optimistic overall, I still see some margaritas in my future this weekend. It's been a rough week.
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I purr therefore I am.
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