Is it riding out a storm or outright gambling?
Sometimes you can't postpone your retirement indefinitely.
2001-2011 = 2% decrease in S&P (was +4% until the last hit)
Ok. I didn't know where to post this and didnt want to start a thread. Plus, I haven't seen this addressed any where on here. If I'm mistaken, then please forgive me. With all this mess; market, credit ratings, etc, why is gas going down? It was at least a quarter more on Friday than it is today.
Speculation that a coming recession will reduce future demand for oil.
Oil futures/contracts going down. There's speculation of a double-dip recession and the economy contracting further.
Scratch that. Apparantely the market loves it.
So we could be further crippled if say an oil field was attacked or just blew up for no reason. That's great.
If you see something, say something...
dp
The stock market isn't for the short term investor unless they know how to be a day trader. If your friend could not afford to lose it, then he shouldn't have had it there.
I'm not even keeping track of my current losses. I'm just smiling that every payday, I'll have hundreds of dollars of purchases buying even more shares as they drop farther in price. I'll be one happy camper when the prices recover.
I think it's more than that. With the loss of the uptick rule, I think short sellers are driving it down farther than would be natural.
If I got their memo, I would have traded some of my stocks for securities. Now that the drop started, I'll just leave them alone. Not good to follow the leader with stocks.
Dude, the market rallied to close.
Wild Cobra
And it's true, companies are racking in record earnings. For example, JP Morgan Chase & Co shouldn't be even be racking 5 bn per quarter but they have in two successive quarters now -- 5.5 bn in both quarters to be exact. The year is just halfway but they have already amassed 11 bn. A good portion of it is because of their huge savings with bad loans & bad credit appropriations, but still, most of their businesses have been doing really well. The street estimates the trajectory of NYSE:JPM at 20-22 bn for the fiscal year. I would be so surprised if they don't break the 20 bn barrier. Wells Fargo also recorded the highest earnings in history, and so is Apple racking record sales & profits.
It's just kind of annoying that stock prices are crashing due to slightly irrelevant pieces of information. Of course it will have SOME effects, but losing 10% of your market cap just because of that piece of news that is totally irrelevant to the way you do business is ridiculous. As ty as Wall Street the movie was, at least they got it right when it said in the movie that "it's all about speculation".
lol those who panicked and sold, only to see it reb...fck that
Wheeeeeee!!!!
nice rebound
400+ points down in 1st hour
French banks is like rubber necking at an accident right now.
Shares in French bank Societe Generale (SOGN.PA) fell more than 21 percent, hitting a 2-1/2-year low and sharply underperforming the European banking sector.
SocGen was not immediately available for comment.
Other French banks also fell sharply, with BNP Paribas (BNPP.PA) down more than 13 percent and Credit Agricole (CAGR.PA) off more than 14 percent.
If you were set to retire in a couple of years and you had a large amount of your money in the stock market then you made a huge huge huge mistake.
When the economy contracts people drive less and use less energy in general as they try to save money. Companies don't have to ship as much and energy use across the board goes down. Because demand is driven down the cost comes down as well. The futures are reacting to the impression that the economy is likely to slow down and the price will therefor drop.
As we at risk for the economy being hurt if there is some kind of large disaster that hurts our energy supply? Of course. But that isn't something unique to the current economic climate. Whether the economy is doing well or not we are always at risk to rising energy costs on a disaster that chokes off supply.
Down another 500 today.
Panicky s, spoiling it for the rest of us.
Pretty much, but I'm on the silver-lining "buying opportunity" bandwagon.
I'm on the "I'll retire 10 ing years after I'm dead" bandwagon.
it's funny, ppl here act like they know the stock market. Why the are you here posting then and not having lunch with Warren Buffet?
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