Stock Market

[ALostTexan]

Originally Posted by MaTH716

-678.91 under 8600.
It is going from bad to worse.

...and really no end in sight...

[Payson Dave]

Originally Posted by ALostTexan

...and really no end in sight...

another 8500 points or so and the end will be in sight

This is extraordinary.

Is it time
to get in, in a big way...

*cue drumming of fingers*

[Cajungator26]

Originally Posted by pgardn

This is extraordinary.

Is it time
to get in, in a big way...

*cue drumming of fingers*

I did.

Selling low is pretty stupid IMO.

Originally Posted by Cajungator26

I did.

Selling low is pretty stupid IMO.

Some people have to sell.
I feel bad for them.

Fortunately some of us are not in that situation.

Originally Posted by Cajungator26

I did.

Selling low is pretty stupid IMO.

You are also assuming its low.
It seems low to me. But like the others
posted the bottom is still visible.

[Cajungator26]

Originally Posted by pgardn

You are also assuming its low.
It seems low to me. But like the others
posted the bottom is still visible.

Well ... I guess it's a matter of opinion really. Unfortunately, I don't have a crystal ball, but I'm taking an educated guess in that the market is reaching its bottom. When you invest at high prices, you're essentially betting the chalk. I'll take my chances with the longshots here as it is my nature to do so.

I wouldn't buy right now. Only people with stacks to lose should buy.

For those who watched CSPAN during the bailout bill...

how could you have any confidence in the economy with those ass clowns wasting billions in bs earmarks to a bill that is just the tip of the iceberg to what will be TRILLIONS wasted on forthcoming bailouts.

Invest in a gun. Go to a firing range. If you have a kid...make them join the cub/girl scouts and attend all of the meetings so you and your children can become survivalists.
































lulz

[Payson Dave]

Originally Posted by Payson Dave

another 8500 points or so and the end will be in sight

we are getting there....only another 6500 or so points to go..

[MaTH716]

Originally Posted by ALostTexan

...and really no end in sight...

You are so right. There is absolutley no reason to buy right now. Why try to catch a falling knife? It is a very scary thought that banks might be going out of buisness. Not to mention companies like Ford or GM. People talk about recession, we are way past that. Depression is right around the corner.

[Cajungator26]

Originally Posted by MaTH716

You are so right. There is absolutley no reason to buy right now. Why try to catch a falling knife? It is a very scary thought that banks might be going out of buisness. Not to mention companies like Ford or GM. People talk about recession, we are way past that. Depression is right around the corner.

Please don't be ignorant ... it is this kind of thinking that CAUSES this. The market is on sale right now ... NOW is the time to buy if you have the funds to do so.

[MaTH716]

Originally Posted by Cajungator26

Please don't be ignorant ... it is this kind of thinking that CAUSES this. The market is on sale right now ... NOW is the time to buy if you have the funds to do so.

Why do you think it is time to buy?

Invest in hookers.

And booze.

[2MinsToPost]

Originally Posted by Coach Pants

Invest in hookers.

You get a lot of bang for a dollar, or two depending on the part of town

[Cajungator26]

Originally Posted by MaTH716

Why do you think it is time to buy?

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. Do you not agree? I understand that there are those that absolutely HAVE to sell right now and can't afford to invest, but if you can, you should. People that are bailing on the market because of what they are hearing by the media are not fully informed and they are actually assisting in causing this mess. One has to have faith that we WILL pull out of this ... obviously this is a speculative way of thinking, but aren't most of us on here gamblers by nature???

Originally Posted by 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. Do you not agree? I understand that there are those that absolutely HAVE to sell right now and can't afford to invest, but if you can, you should. People that are bailing on the market because of what they are hearing by the media are not fully informed and they are actually assisting in causing this mess. One has to have faith that we WILL pull out of this ... obviously this is a speculative way of thinking, but aren't most of us on here gamblers by nature???

This is not gambling for entertainment.
I have never gambled on horses fully expecting to make money.

Still trying to figure out where to go with funds.
Credit is so hard, interest rates from banks are very
high to individuals and small business because they expect to
lose some of the loans. But there are some bond sectors yielding
16%. Even if 10% of those loans are not paid... one might still
pull some signficant bucks.

I just dont want too many folks who did not start this mess
to get hurt. Everyone on here is going to pay for this in someway,
but some people are really getting hurt. And I dont think its done.

[Cajungator26]

Originally Posted by pgardn

This is not gambling for entertainment.
I have never gambled on horses fully expecting to make money.

Still trying to figure out where to go with funds.
Credit is so hard, interest rates from banks are very
high to individuals and small business because they expect to
lose some of the loans. But there are some bond sectors yielding
16%. Even if 10% of those loans are not paid... one might still
pull some signficant bucks.

I just dont want too many folks who did not start this mess
to get hurt. Everyone on here is going to pay for this in someway,
but some people are really getting hurt. And I dont think its done.

Once again, that is your opinion and you are entitled to it. If you really want to pull out of investing and put all of your money in a money market (like a lot of the American population right now); put your money in a tax exempt (municipal) money market. They are paying higher interest rates at this point and time. But ask yourself this ... do you think that this is the end? Do you really think that taking your money and sticking it under your pillow is the answer? I don't. Innocent people are going to get hurt, but unfortunately, life isn't fair. You make the best out of what you are given.

[MaTH716]

Originally Posted by 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. Do you not agree? I understand that there are those that absolutely HAVE to sell right now and can't afford to invest, but if you can, you should. People that are bailing on the market because of what they are hearing by the media are not fully informed and they are actually assisting in causing this mess. One has to have faith that we WILL pull out of this ... obviously this is a speculative way of thinking, but aren't most of us on here gamblers by nature???

I disagree, people are bailing because they need the money now. They are having trouble paying bills. Maybe they lost their jobs. Think about all the people that worked for companies like Lehman and Bear Stearns, that were there for 40 years and thought that they were on easy st. with all the stock that they accumulated. Not only can't they retire, they have to get jobs. They have nothing.
Granted maybe companies like GM and Ford were great at one time, but really who are buying cars now. How are they going to survive without some sort of government bailout?
The whole system seems to be crumbling. People are getting layed off all over the place. No one can afford to buy houses, cars, go on vacations, go out to dinner. People are having trouble paying their bills. I know, I have a good job. But I have a mortgage, car payments and 2 little boys. It's not easy. Who has the extra cash to put into the market of all things? Especially when it is falling like a rock. Eventually it will turn around, but why try to pick the bottom. Like I said, would you try to catch a falling knife? Even if the market was to rally for a couple of days there will still be plenty of bargins out there. But in this enviorment cash is king.

[Cajungator26]

Originally Posted by MaTH716

I disagree, people are bailing because they need the money now. They are having trouble paying bills. Maybe they lost their jobs. Think about all the people that worked for companies like Lehman and Bear Stearns, that were there for 40 years and thought that they were on easy st. with all the stock that they accumulated. Not only can't they retire, they have to get jobs. They have nothing.
Granted maybe companies like GM and Ford were great at one time, but really who are buying cars now. How are they going to survive without some sort of government bailout?
The whole system seems to be crumbling. People are getting layed off all over the place. No one can afford to buy houses, cars, go on vacations, go out to dinner. People are having trouble paying their bills. I know, I have a good job. But I have a mortgage, car payments and 2 little boys. It's not easy. Who has the extra cash to put into the market of all things? Especially when it is falling like a rock. Eventually it will turn around, but why try to pick the bottom. Like I said, would you try to catch a falling knife? Even if the market was to rally for a couple of days there will still be plenty of bargins out there. But in this enviorment cash is king.

I work in the business and am well aware of WHY people are bailing. The majority of people are bailing because of what they are hearing on the television. For those that have no choice, that's different. You would be surprised at the amount of people that DO have a choice, though. I am a single Mom with a car payment and bills to pay just like anyone else, but if you are young and looking at the future (as you should be), you should consider how you plan on paying for those things once you are retired. Taking chances at a young age when you can afford to is a good way of helping to insure that you will be able to support your lifestyle once you are no longer working. What are you going to do, work for the rest of your life? Do you think that Social Security is going to be around forever to take care of you? I think not.