Dow Below 10,000

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nonameo

Diamond Member
Mar 13, 2006
5,902
2
76
http://www.bloomberg.com/marke.../movers_index_dow.html

So, what now? I'm concerned not necessarily that I will lose my money, but rather that the value is going to drop considerably. Currently I'm an idiot with my money in a savings account. Would gold be a good choice? I'm only worried about sticking it there because if and when the dollar recovers, the value of gold will go down(relative to the dollar)

any ideas?

Thread now unlocked again. Thanks to all for your gentlemanly co-operation.

Perknose
Senior AT Mod

 
D

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
General Electric taking the worst of it.

Goodbye NBC and a whole lot of America

Like I said way back almost 2 years ago this crash will make 1929 look like a walk in the park.
 
Thump553

Thump553

Lifer
Jun 2, 2000
12,837
2,621
136
You are not an idiot for having your money in a savings account. I'm an idiot for having too much of it in the stock market. The last 30-45 days have been very tough, and the last two weeks have been just brutal. I'm walking around with a shell-shocked look in my eyes.


I mean you have companies like Apple (AAPL)-products dominant several markets, all selling great with high profit margins, tons of cash in the company. This spring its stock was near 200. Two weeks ago, probably 130 or so. Right now 88.72. And they are certainly not usual.

Hang tough where you are-the buying opportunites will come-not today, not next week, but they will come.
 
D

DisgruntledVirus

Lifer
Dec 26, 2007
11,782
2
76
Originally posted by: dmcowen674
General Electric taking the worst of it.

Goodbye NBC and a whole lot of America

Like I said way back almost 2 years ago this crash will make 1929 look like a walk in the park.
Click to expand...

Ah and there it is. Dave "predicted" it all.

I vote we make a "Dave's law" to go along with Godwin's law...

Dave's law: As an Anandtech P&N discussion grows longer, the probability of Dave saying he predicted it or America will collapse approaches one.
 
D

Dari

Lifer
Oct 25, 2002
17,133
38
91
I'm not sure when is a good time to buy. I remember earlier this year the vulture funds thought it was a buyer's market in January and they ended up losing their shirt.
 
TheSlamma

TheSlamma

Diamond Member
Sep 6, 2005
7,625
5
81
Originally posted by: DisgruntledVirus
Originally posted by: dmcowen674
General Electric taking the worst of it.

Goodbye NBC and a whole lot of America

Like I said way back almost 2 years ago this crash will make 1929 look like a walk in the park.
Click to expand...

Ah and there it is. Dave "predicted" it all.

I vote we make a "Dave's law" to go along with Godwin's law...

Dave's law: As an Anandtech P&N discussion grows longer, the probability of Dave saying he predicted it or America will collapse approaches one.
Click to expand...
Dave?

Oh you mean Chicken Little? "THE SKY IS FALLING"
 
A

aldamon

Diamond Member
Aug 2, 2000
3,280
0
76
Originally posted by: Dari
I'm not sure when is a good time to buy.
Click to expand...

If everyone waits, the market will go to 0. So much money on the sidelines right now. It's masochistic.
 
M

Moonbeam

Elite Member
Nov 24, 1999
74,553
6,706
126
Hey, maybe we will have a total world collapse of economies and we'll all get to know what it's like to live as any self hating person unconsciously wishes. We all seek disaster because we were formed by trauma. Anything good we have to destroy.

Heard on the radio this morning a guy voting for McCain because Obama perfectly answers questions and it scares him.
 
Specop 007

Specop 007

Diamond Member
Jan 31, 2005
9,454
0
0
Buy the fear, sell the euphoria.

However, this is NOT the time to buy IMO. I only wish I would have had mymoney in savings these past few weeks.

If I had a pile of money I'd probably go silver, bullion not some bullshit ETF. Maybe gold if you pile of cash is big enough but even commodities have been aall over the map the past few months.

I tried playing this game to make some nice scores and I have but I lost my ass the past week or so. Ya win some and ya lose some I guess.
 
D

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: TheSlamma
Originally posted by: dmcowen674
Originally posted by: TheSlamma
Originally posted by: dmcowen674
10:43am -573 9747 and dropping fast
Click to expand...
We all have access to Yahoo Finance dumbass
Click to expand...

10:46 am below 9700 and dropping fast
Click to expand...
10:51 am above 9800? Noooooooooooooooooooooooo!!!!
Click to expand...

Cliff stopped at -550

AT buyers jumping in.
 
F

Ferocious

Diamond Member
Feb 16, 2000
4,584
2
71
One theory is that the excessive bullishness that began a few years into Reagonomics needs to be completely undone before we continue upwards again. The first few years of the 80's bull market was justified, but not what has ensued after that.

What does that correspond to in DOW terms?

Dow should roughly be in the upper 7000 range today.
 
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