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Damn...just blew through 8800 and still going down.
LOL no right? The market reacts with fear irrationaly most of the time which is why short term doesn't mean much.
Damn...just blew through 8800 and still going down.
Last edited by CosmicCowboy; 10-15-2008 at 12:40 PM.
How would interest rates get into 20%+ rates, and for whom would those rates apply?
The stock market in downturns is kind of like figure skating during the Olympics…People that normally could care less suddenly become experts in Axel jumps, Choctaw turns and Double Toe loops…
Buy puts . . .
Nosedive . . . again . . .
down 733.08 (7.87%)
I can remember a lot of YEARS that the stock market didn't rise or fall that much.
LOL.
You must be really young.
I suggest you do a little research into the Carter years and see just how it can happen.
I'm glad I moved my 401K funds!!
Why? Are you retiring anytime in the next 5 years?
No, but I don't like losing money either. I know it is a long term investment but I've always watched the market and moved funds to gain the best return.
My parents have lost $5K in just the last quarter but they don't monitor theirs like I do mine.
They just don't get it. Pull the money out, park it in a CD or TBills while the market keeps dropping...then wait till the smoke clears and put the entire amount back in instead if "riding it out" and losing 20% of your nest egg hoping the market turns...You might not hit the exact bottom but you will have more money to put in when you do get back in.
Out of a 401(k)? Not me, I'd rather not pay the tax penalty.
I didn't pay any penalty. I just moved more to a bond fund where I'm not losing money.
haha too easy anti. -o
My lord you talk some bull . PENSIONERS are getting that cheque, not everyone.
The total stimulus package is $10.5billion, and much of it is going to pensioners who are also getting another $60/fortnight.
Try actually READING the news before you "report" it.
Yeah, I keep hearing and reading that one too... "might be"... it's already here, you freakin tools! Wake up!
The world is ending, sell sell sell
Amerika cannot survive a recession, sell sell sell
AHF has been low key recently so I nominate you as king of hyperbole in his stead.
Lot's of news for the market to digest today:
- Asia and Europe are down
- Citibank and ML report more losses
- UBS is getting a bailout from the Swiss governement while Credit Suisse had to raise approx. US$9.0 billion
- Nevertheless, inflation numbers, which were just announced, were tame (unchanged from last month)
Futures point to a pop at the starting bell.
I am old enough, thank you, I just wanted you to elucidate a little. I have a fairly good idea why interest rates ed in the Carter years, but am always willing to learn here or there.
Now, please, can you tell me why you think interest rates will climb to 20%+?
Down another 2% in the first hour.
LJ, I know you were kidding (thinking it would never get there) when you said you were gonna buy at 8000 but it looks like you might get your chance today.
In a roller coaster today, trading in a 500+ point range, down 380 at one point, and currently up 160.
One can only guess at how much longer the volatility will remain, and where the market will be Dec 31st, 2010
what's the unobvious significance of that date?
end of tax cuts.
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