Dow about to go sub 11k

[MiniDoom]

Originally posted by: sohcrates
boy, a couple tough fridays in a row for the market

i am thinking of cashing out and keeping all my money under my mattress at this point

if it ever got that bad, which it won't. You would just be saving a lot of toilet paper.

 

[PrinceofWands]

Originally posted by: lozina

Originally posted by: PrinceofWands

I've probably paid a grand total of $1000 in income tax in my life (I'm 36), so not really.

Alright, I'll bite. How the hell did you manage that ???

I make next to nothing. $20,000 is a really good year for me. Once you take school deductions (which I'm always in), kid deductions (which I've had since age 23), and standard deductions you don't begin to owe taxes until about $24k.

 

[RightIsWrong]

We're back under 11k.

 

[IEC]

Originally posted by: spidey07

Originally posted by: sohcrates
boy, a couple tough fridays in a row for the market

i am thinking of cashing out and keeping all my money under my mattress at this point

I'm pouring more money in. It's buy, buy, buy time.

Agreed, I'm considering DCA'ing with some index funds for the eventual recovery.

 

[redgtxdi]

Ahhhh...........so we *DID* hit 10,983 at 11:32 am!!!!!!!



Dive............dive...........dive.............dive.............dive!!!!


:evil:

:sun:

:evil:

I won't be happy 'til I see people jumping out of windows!!!

 

[Engineer]

CNBC just reported that 50% of the 700 stocks that were on the exchange since 1973 are now at 10 year lows. Broad based selloff to say the least!

 

[spidey07]

Originally posted by: Engineer
CNBC just reported that 50% of the 700 stocks that were on the exchange since 1973 are now at 10 year lows. Broad based selloff to say the least!

buy, buy, buy, buy, buy, buy!!!!!!!!!!!!!!!!!!

 

[NikolaeVarius]

People have to start buying stuff. Or have a rich person buy up a stupidly large amount of stocks to hold the market

 

[redgtxdi]

Aaaaaaand we're there again!!!!



10,993


Let's go LOWER!!!


down...


down......


doooooowwwwnnnn...............

 

[Engineer]

Originally posted by: tenshodo13
People have to start buying stuff. Or have a rich person buy up a stupidly large amount of stocks to hold the market

80% of all stocks are owned by the top 1% of the people. 90% are owned by the top 5%. Not much left for the rich to own.

 

[kstu]

It's all downhill from here.

 

[Engineer]

Originally posted by: kstu
It's all downhill from here.

When everyone starts saying that, it's usually turn around time.

 

[redgtxdi]

Now, it's going back up again!!!



Nooooooooooooooooooooooooooooooooo!!!!!


I want to see a close below 11K.


Then, next week I want to see a 1,000pt drop to 9,xxx in ONE DAY!!!!

 

[Fritzo]

Originally posted by: maziwanka
man. when the heck is this crap gonna pick up

McCain's advisor said "You're just imagining this...it's all in your head!" So, it's all your fault.

 

[Engineer]

Originally posted by: redgtxdi
Now, it's going back up again!!!



Nooooooooooooooooooooooooooooooooo!!!!!


I want to see a close below 11K.


Then, next week I want to see a 1,000pt drop to 9,xxx in ONE DAY!!!!

Intraday isn't nearly as important as the close. If it closes below 11,000, people will come home and think about this all weekend...and then will panic sell like hell on Monday morning! :evil:

 

[dullard]

Originally posted by: redgtxdi
Then, next week I want to see a 1,000pt drop to 9,xxx in ONE DAY!!!!

A few weeks ago I estimated DJIA 9000 will be coming. If that does happen (9000 or under), I'll be there very hapilly with my wallet open buying up as much as I can.

I've regretted for years that I was still in school and had no money in 2003. I am not missing out again this time.

 

[Toastedlightly]

Why do some people seem happy about a collapsing market?

 

[manlymatt83]

ugh

Not good.

 

[Auric]

Do not panic. Once it goes below 0 it turns into 99999!

 

[Special K]

Originally posted by: Toastedlightly
Why do some people seem happy about a collapsing market?

Because your dollars are buying more shares. It's like a discount sale. If you are young and aren't going to retire for 40+ years, market dips like this are good.

That said, just because something is cheap doesn't mean it's a good deal.

 

[mugs]

Originally posted by: redgtxdi
Now, it's going back up again!!!



Nooooooooooooooooooooooooooooooooo!!!!!


I want to see a close below 11K.


Then, next week I want to see a 1,000pt drop to 9,xxx in ONE DAY!!!!

What's the point of all these stupid posts?

 

[meltdown75]

Originally posted by: Toastedlightly
Why do some people seem happy about a collapsing market?

greed.

 

[Slew Foot]

Originally posted by: Toastedlightly
Why do some people seem happy about a collapsing market?

Are you happy when Newegg has a 50% off sale? Are you happy when Macys has a clearance?

So why would you not be happy when the stock market has a sale? Buy low sell high, youll have plenty of time for the market to go back up before you retire. And if you're that close to retiring, you shouldnt have that much money in stocks anyway.

 

[Capt Caveman]

Originally posted by: mugs

Originally posted by: redgtxdi
Now, it's going back up again!!!



Nooooooooooooooooooooooooooooooooo!!!!!


I want to see a close below 11K.


Then, next week I want to see a 1,000pt drop to 9,xxx in ONE DAY!!!!

What's the point of all these stupid posts?

He's just trolling.

 

[Slew Foot]

IMHO the last hour of trading is going to be interesting. THe last few big declining days have had huge drops int he last hour. Itll be interesting to see how many people are going to be hanging on over the weekend. Rumors abound of a bailout plan being announced over the weekend, if that happens, look for the dollar to tank and oil/gold to jump.