I heard today that supposedly 7800 is a big support level. If we break through that it could get even uglier (if that's possible).

FTFY;)

Capitulation...we are very close.

Well that certainly didn't take very long! :eek:

We need a 500+ point drop today. A giant meltdown. Everytime i say that, the market rallies. But if it melts down, i think you will see a lot of money from the sidelines get back in the game.

It's the worst I have ever seen it, my portfolio is down significantly. I keep thinking we have seen the bottom, that it can't get any worse but it does.

WHY?

Value. Every market has a point where there is value regardless of how low it is. Regardless of how much trouble the economy is in (believe me I deal with it every day) there is still a ton of wealth in this country. There comes a point in time where there is just not much further it can go. Are we close? I would say that we are pretty darn close. We still didnt get that capitulation though. We are close.

Saying that stock prices arent going to drop much further and saying that we are close to being out of our economic woes are two very different things.

lol

6,594.44 Oy Vey! :eek:

its a good thing we don't have to worry about the market anymore, seeing that we've got such a braintrust in Washington mapping out a strong future for us.

dear leader informed us on Tuesday he's not concerned, that it's a good time to buy he says, because of the "profit to earnings" ratio.

these are just market gyrations after all.

it only gyrated down another 4% today.

the great news is that we'll shortly power out of this temporary slump by taxing corporations, small businesses and the wealthy, then for good measure we'll fire up the new cap and trade system, and we've got Joe Biden as a watch-dog to make sure it's all done efficiently.

happy days are here again comrades!

At least my companys 401k match is going in on the cheap in the next week:rolleyes:

I've finally found something that loses money faster than my racing stable....My pension.:wf

gee--maybe business can not be trusted to regulate business

you may be right....but can gov't be trusted at anything

The way that the market is going, you might have a better chance at making money if they sent it directly to Derby Lane for you.

All I can say is that its a good thing we are still relatively young. Gonna need 25 years to rebound from this mess:wf

GE big short and long term. Prob solved IMO

tell me about it.
and now, while i still have a 401k that i can still borrow from, i have to get a loan-my heating/air unit bit the dust. dammit

25 years...

Ok then.
I will most likely be dead, so I will
take your point as positive news.

Man reading back through all this
stuff... I hope Cajungator did not
lose all her scales.

It's funny you said that, I was reading back too and thought the same thing.