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#1
10-09-2008, 11:34 PM
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[quote=Cajungator26]Because you're getting great prices on great companies ...
Not that I can compare this to the Great Depression at this point, but most of those that bought during those times came out on top after it was all said and done. QUOTE] This is historically inaccurate. It took 25 years to get back to the same as the 1929 peak. If you compare it historically, the people who invested at a similar time during the depression lost their shirts and most likely didnt get them back. Look back three weeks ago on these threads and people were saying that it was a "great time to invest" when the market was just under 11k. Now the market loses over 20% and its still a great time to invest. Are there buys? Sure there are but my bet is that the market goes lower before it gets better. 
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#2
10-09-2008, 11:43 PM
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Unless you have inside information and/or have fuc|< you money..well it would just be retarded to invest right now. Over half of the companies on the stock exchange could be gone in the next 5 years.
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#3
10-09-2008, 11:54 PM
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#4
10-10-2008, 12:35 AM
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A question for the financial professional among us.....
Is there a significant amount of money that continues to "short" these indexes. In other words are there traders who are able to find significant volume that they are buying daily or essentially betting that the market will continue to fall. Is it enough at this point to drive the Dow or Nasdaq down....?
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#5
10-10-2008, 12:57 AM
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This is a classic case of hedge funds and mutuals selling anything and everything to pay skittish investors who want out. This is proven by typical flight to safety plays (long term treasuries and mortgage backs) also getting sold off. Most telling? When Big blue gets sold off for no apparent reason, houston we have a problem...and it aint shorts.
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#6
10-10-2008, 07:59 AM
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it's like stopping a cattle stampede. good luck. a lot of people are panicked. they don't want to lose anything, so a lot are trying to bail-which is the last thing they should do, as it only makes a bad situation worse.
i haven't moved anything, and have no intention of doing so. our 401k is taking a hit, but the further down it goes, the cheaper the mutual funds i continue to buy into get, which will (hopefully) increase the gains i make later, when everything improves.
__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#7
10-10-2008, 08:09 AM
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I guess I should be sorry that I have enough faith in this country to think that it's going to pick itself back up and keep going.
__________________
http://www.facebook.com/cajungator26
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#8
10-10-2008, 08:21 AM
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So what do you think we should do? Do you think that every American should sell off everything they own in the market? What would be your advice to people calling all day long in panick mode?
__________________
http://www.facebook.com/cajungator26
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#10
10-10-2008, 12:39 PM
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The only people that should be selling now are the people that are 2-3 years from retirement. And if I were them I would still ride it out and hopefully get back some of the 50% they have lost. If anyone our age sells they should be shot in the head. If anything, people our age should be getting ready to put every penny they have into this market. In about 30 years, there will be alot of people that made the decision to dump some cash into the market right around now, and they will be retiring pretty happy because of that very decision. It is an amazing opportunity for 20-30's to solidify their retirement and make some real money, a year ago we were trying to play into a 15k Dow, and now, we will get to play within a 7k Dow....
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