Market today

[wiphan]

largest drop in 1 day since 9/11/2001

I definitely think there is a lot of guilt by association and there are some good buying oportunities again. It will be interesting to see if the Fed cuts rates now. I personally hope they don't but it may happen

[timmgirvan]

Originally Posted by wiphan

largest drop in 1 day since 9/11/2001

I definitely think there is a lot of guilt by association and there are some good buying oportunities again. It will be interesting to see if the Fed cuts rates now. I personally hope they don't but it may happen

Bro..can you loan me a hundy..(G's)?

[wiphan]

Originally Posted by timmgirvan

Bro..can you loan me a hundy..(G's)?

Go ask the Fed they seem to be the lender of choice. 200 billion to fannie and freddie. It will be interesting to see if they bail out GM next. GM definitely has their hands out waiting...

[timmgirvan]

Originally Posted by wiphan

Go ask the Fed they seem to be the lender of choice. 200 billion to fannie and freddie. It will be interesting to see if they bail out GM next. GM definitely has their hands out waiting...

AAHH...yeah, good point there..prolly hafta wait in a long line. But the IRS is clammering for their(not) 379 bucks cuz my tax guy put the wrong # in my childs' SS # in '06!

[2 Dollar Bill]

Yikes... My 401k is now 104k !

[MaTH716]

Originally Posted by wiphan

Go ask the Fed they seem to be the lender of choice. 200 billion to fannie and freddie. It will be interesting to see if they bail out GM next. GM definitely has their hands out waiting...

It's easy when you could just print out however much you need.

I still got the 2 dollars in my pocket.
Nothing leaked out.

Opportunities abound.
The rats come to feed on the carcus of the dead bull.

[dalakhani]

People talk about opportunities. I agree. But those opportunities are 1 in 10 within those falling knives. You wanna guess a bottom? a near bottom?

[philcski]

This isn't a stock buying opportunity. Things are much, MUCH worse than the stock market has priced in yet.

Originally Posted by dalakhani

People talk about opportunities. I agree. But those opportunities are 1 in 10 within those falling knives. You wanna guess a bottom? a near bottom?

I will by S and P Index.
Its a wonderful time.

Lets talk in 5 years.

And heck no I wont catch the bottom.
Does not matter.

[timmgirvan]

Originally Posted by MaTH716

It's easy when you could just print out however much you need.

.....I must have missed that year!

[docicu3]

Originally Posted by wiphan

largest drop in 1 day since 9/11/2001

I definitely think there is a lot of guilt by association and there are some good buying oportunities again. It will be interesting to see if the Fed cuts rates now. I personally hope they don't but it may happen

Yeah like GM losing 12% of it's value today is definitely "Guilt by ...." Although the financials are clearly necessary for most people to buy a car this shouldn't have been the value lost. The mind blowing thing about all of this is that we used to think when something (a large Corp.) went bad it would be an erosion but these things AIG,JP Morgan, BOA happened essentially in a single day of trading. I don't think Black Monday had decay like this within hours time. My prayers for the suits trying to make a living with these corporations.

And we think we have bets of consequence on a horse racing site.....how'd you like to be a mutual fund manager today who has to explain why he/she
lost tens of millions with things like GM/BOA and Lehman in your port folio for say a small/midsize pension plan. White collar suicide deaths spiked today in NYC ER's ......crazy **** on the physician hot lines today!!