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Dow Below 10,000

N

nonameo

Diamond Member
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

 
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.
 
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.
 
Originally posted by: Thump553
I'm an idiot for having too much of it in the stock market.

I'm walking around with a shell-shocked look in my eyes.
Click to expand...

I would not be surprised to hear about people leaping from Skyscrapers today.
 
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.
 
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.
 
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"
 
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.
 
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.
 
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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