Posted: Fri Oct 10, 2008 7:46 am
That would just prolong the agony..DMom wrote:I hope it passes soon, I can't believe how quickly it dropped right before close. Can't they suspend trading or something?
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So where is the bottom...?
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Posted: Fri Oct 10, 2008 11:19 am
PB I think the real reason is that people have lost trust in the the stock market due to what they feel is poor management by those they trust with there $'s.packerboy wrote:So, at this level why do people sell?
Assuming you own stock that performs close to market, you are down about 40%.
Why sell now?
I mean when you hear things like the big AIG party after the bailout, and the millions that were distributed to the execs at Lehman etc..... people just can't understand why they are being fleeced while these guys walk away with what would be more then just a retirement account.
Otherwise what logical reason can you put on the wholesale devaluation of our countries wealth?
Posted: Fri Oct 10, 2008 11:23 am
Sorry...this is way bigger than that! The affect on world markets is equally devastating!Can't Never Tried wrote:Otherwise what logical reason can you put on the wholesale devaluation of our countries wealth?
Posted: Fri Oct 10, 2008 11:34 am
We cough they get the flu !Silent But Deadly wrote:Sorry...this is way bigger than that! The affect on world markets is equally devastating!Can't Never Tried wrote:Otherwise what logical reason can you put on the wholesale devaluation of our countries wealth?
Posted: Fri Oct 10, 2008 11:47 am
I dont think so. I havent sold anything. If people have totally lost faith, their cash will soon be as worthless as their stocks.Can't Never Tried wrote:PB I think the real reason is that people have lost trust in the the stock market due to what they feel is poor management by those they trust with there $'s.packerboy wrote:So, at this level why do people sell?
Assuming you own stock that performs close to market, you are down about 40%.
Why sell now?
I mean when you hear things like the big AIG party after the bailout, and the millions that were distributed to the execs at Lehman etc..... people just can't understand why they are being fleeced while these guys walk away with what would be more then just a retirement account.
Otherwise what logical reason can you put on the wholesale devaluation of our countries wealth?
Anecdotes like the AIG party don't drive institutional invetsors. That stuff doesnt effect too many people but is good for viewership.
Posted: Fri Oct 10, 2008 12:09 pm
You haven't because you are wise enough to know that it would be stupid at this point to realize a loss when you still have time on your side(not much) he he he but many don't understand that they haven't lost anything until they sell, they sell because they either fear they will have nothing left, or just don't know better.packerboy wrote:I dont think so. I havent sold anything. If people have totally lost faith, their cash will soon be as worthless as their stocks.Can't Never Tried wrote:PB I think the real reason is that people have lost trust in the the stock market due to what they feel is poor management by those they trust with there $'s.packerboy wrote:So, at this level why do people sell?
Assuming you own stock that performs close to market, you are down about 40%.
Why sell now?
I mean when you hear things like the big AIG party after the bailout, and the millions that were distributed to the execs at Lehman etc..... people just can't understand why they are being fleeced while these guys walk away with what would be more then just a retirement account.
Otherwise what logical reason can you put on the wholesale devaluation of our countries wealth?
Anecdotes like the AIG party don't drive institutional invetsors. That stuff doesnt effect too many people but is good for viewership.
I think your wrong about individual investor confidence, not sure if I can find any data to support it other then the fact the market is where it is.
Posted: Fri Oct 10, 2008 12:36 pm
HAL predicts a bottom of 3,500 within the next two years.
I think HAL has blown a chip, personally; I'd peg it at closer to 4,500 but maybe I'm optimistic without good reason.
Lee
I think HAL has blown a chip, personally; I'd peg it at closer to 4,500 but maybe I'm optimistic without good reason.
Lee
Posted: Fri Oct 10, 2008 12:41 pm
You mean a tubeeast hockey wrote:HAL predicts a bottom of 3,500 within the next two years.
I think HAL has blown a chip, personally; I'd peg it at closer to 4,500 but maybe I'm optimistic without good reason.
Lee
I doubt it'll go that low but then who thought it would get to where we are....well besides me
Posted: Sun Oct 12, 2008 8:33 pm
NEW STOCK MARKET TERMS:
CEO --Chief Embezzlement Officer.
CFO -- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW-- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.
CEO --Chief Embezzlement Officer.
CFO -- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW-- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.
Posted: Mon Oct 13, 2008 3:28 pm
938 points, up. It probably won't last but it still feels better than last week.
Posted: Mon Oct 13, 2008 3:45 pm
Read into it as you will but this is an opportunity of a lifetime! (or at least a long time) 
Posted: Mon Oct 13, 2008 3:49 pm
Sweet!
Now I've got more money to place ads in the Rogers' hockey program!
Now I've got more money to place ads in the Rogers' hockey program!
Posted: Mon Oct 13, 2008 4:04 pm
Will you personalize one for me?Govs93 wrote:Sweet!
Now I've got more money to place ads in the Rogers' hockey program!
Posted: Mon Oct 13, 2008 4:06 pm
I don't think you'd want me to do that.EREmpireStrikesBack wrote:Will you personalize one for me?Govs93 wrote:Sweet!
Now I've got more money to place ads in the Rogers' hockey program!
Posted: Mon Oct 13, 2008 4:13 pm
Good idea you and Neut can start with your pictures.........Govs93 wrote:Sweet!
Now I've got more money to place ads in the Rogers' hockey program!
Posted: Mon Oct 13, 2008 4:18 pm
Nah... then I'd be confused with the Royals' team picture.Can't Never Tried wrote:Good idea you and Neut can start with your pictures.........Govs93 wrote:Sweet!
Now I've got more money to place ads in the Rogers' hockey program!
Posted: Mon Oct 13, 2008 4:36 pm
Still on the sidelines, CNT? Nothing wrong with that - if your stomach cannot stand the rollercoaster, stay in your Money Market. Just don't tell us you know where the bottom and tops of the market are. You're not that smart.Can't Never Tried wrote:Read into it as you will but this is an opportunity of a lifetime! (or at least a long time)
AY
Posted: Mon Oct 13, 2008 4:46 pm
Thanks AY.... Like I need you to tell me that. And who is us?AngusYoung wrote:Still on the sidelines, CNT? Nothing wrong with that - if your stomach cannot stand the rollercoaster, stay in your Money Market. Just don't tell us you know where the bottom and tops of the market are. You're not that smart.Can't Never Tried wrote:Read into it as you will but this is an opportunity of a lifetime! (or at least a long time)
AY
If you, or anyone gets their financial advice here..well not much I can say to that.
I will say that if you made the moves I made you'd have extra cash today!:D
I also predict that the Flyers will be good this year, and I don't hear ya yippin about that.
Posted: Tue Oct 14, 2008 10:07 am
Just be careful of this ,CNT:
Posted: Tue Oct 14, 2008 10:50 am
Haven't heard from CNT today............maybe he is in the trap already.packerboy wrote:Just be careful of this ,CNT:
Posted: Tue Oct 14, 2008 10:59 am
Busy............ hunting for Angus today !
Posted: Tue Oct 14, 2008 11:34 am
You'll have to look long and far. I took CNT's advice and liquidated my entire equity portfolio and flew to the beaches of Turks and Caicos. Then I wake up and check the headlines and see I missed out on the biggest gain in the markets ever. I'm now looking for a window to jump out of - or maybe a scuba dive with sharks. On second thought, maybe I'll head back to the states and look around the Buffalo, MN area to find the clown who's handing out free investment advice and put him out of biz before he makes a 1000aire out of someone else.
AY
AY
Posted: Tue Oct 14, 2008 11:48 am
I hope you find your window
Posted: Tue Oct 14, 2008 12:21 pm
Well, if you waited that long to take action, no wonder you lost huge.AngusYoung wrote:You'll have to look long and far. I took CNT's advice and liquidated my entire equity portfolio and flew to the beaches of Turks and Caicos. Then I wake up and check the headlines and see I missed out on the biggest gain in the markets ever. I'm now looking for a window to jump out of - or maybe a scuba dive with sharks. On second thought, maybe I'll head back to the states and look around the Buffalo, MN area to find the clown who's handing out free investment advice and put him out of biz before he makes a 1000aire out of someone else.
AY
And don't jump from the same window as Bader.
Lee
Posted: Tue Oct 14, 2008 1:40 pm
If you're referring to CNT's advice...he's from Rogers! Leave us Bison out of it!AngusYoung wrote:On second thought, maybe I'll head back to the states and look around the Buffalo, MN area to find the clown who's handing out free investment advice and put him out of biz before he makes a 1000aire out of someone else.
AY
