Dow down 300 points! WTF!!!

[Doggiedog]

Stock Market Terminology...




EBITDA: earnings before I tricked damn auditor.
EBIT: earnings before irregularities and tampering.
CEO: chief embezzlement officer.
CFO: corporate fraud officer.
NAV: normal Anderson valuation.
FRS: fantasy reporting standards.
P/E: parole entitlement.
EPS: eventual prison sentence.

BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET -- A 6 to 18-month period when the kids get no allowance, the wife gets no jewellery, and the husband gets no .
MOMENTUM INVESTING -- The fine art of buying high and selling low.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
BROKER -- What my broker has made me.
"BUY, BUY" -- A flight attendant making market recommendations as you step off the plane.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER -- A guy who actually remembers his wallet when he runs to the 7-11 for toilet paper and cigarettes.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW -- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS 2000 -- What you jump out of when you're the sucker that bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- Religious guy who talks to God

 

[Ben50]

I don't understand it, people think the market is going to go down, and yet they do nothing to change their investments. Traditionally gold does very well when the stock market is hurting. Also, bonds and cd's are a good way to make money in a down market. There are also more risky things such as put options or shorting a stock. Sorry to hear about everyone losing a lot of money, but it should be a good lesson to educate yourself about different types of investments so you can make money in any kind of market.

 

[XZeroII]

I'm sure everyone heard back years ago when they were saying that this would happen. Well...

 

[LAUST]

So how far do you guys think it has to go down till the "experts" finally call it a Depression instead of Recession?

With corporate mentality being have a computer do the work of 10 men, if every company does that, and then people are out of work so they can't buy the product of the guy who laid off... where does this loop really end??

 

[Cattlegod]

if only we knew how to make a replicator

 

[trmiv]

I just found this link, which is a small sample from a book released in 2000 called "The Coming Internet Depression: Why the High-Tech Boom Will Go Bust, Why the Crash Will Be Worse Than You Think, and How to Prosper Afterwards." The link I posted just has a small part of chapter one, but it's amazing how right this guy was. He wrote this when the economy was still doing well, and I'm sure everyone thought he was a nut.

 

[Doggiedog]

Change your headline to DJ down 400 points!

 

[gopunk]

only 14 more days until i can BUY BUY BUY!

it's stupid that you can't do jack until you're 18. :|

 

[Lucky]

Originally posted by: Doggiedog
Change your headline to DJ down 400 points!

420!

 

[BCYL]

I am waiting for it to settle so I can buy...

Man this is just painful to watch...

 

[Chaotic42]

Don't they close it down at -500? It's at -411 now.

 

[Cattlegod]

we could be watching history here boys. the start of the next great depression.

 

[Doggiedog]

Originally posted by: Chaotic42
Don't they close it down at -500? It's at -411 now.

I believe if the mkt is down 10% they shut down for an hour. If down 20% 2 hours unless there is less than 2 hours left in the trading day, then they shut down for the day.

 

[Goosemaster]

Originally posted by: Czar
http://finance.yahoo.com/q?s=^DJI&d=c&k=c1&a=v&p=s&t=my&l=on&z=m&q=l
amazing climb though if you look at it spanning 10 years

"Cresting" anyone?

 

[tydas]

Poor old folks...thye are going to have to go back to work...

Its looking more and more like 3 years in a row where the market comes back w/ negative returns...

I have one solution for the corporate fraud...off with thier heads!!! That should make investors happy!!!Anyway with bush and cheney in the whitehouse its like the fox guarding the chicken coop....Bill where are you we need you!!!!

 

[Mr.IncrediblyBored]

Originally posted by: gopunk
only 14 more days until i can BUY BUY BUY!

Many people are pulling out of the market because they are scared. Investors that are anxious to enter the market are a dying breed. Just be careful.

Originally posted by: gopunk
it's stupid that you can't do jack until you're 18. :|

But then again I think they have this rule because of your first comment. Lack of patience and foresight will end up hurting your wallet.

 

[Pliablemoose]

If you go to Big Charts & graph the DJIA include "all data", and exclude the internet bubble that started in 95', we're looking @ a bottom of 6,500 & 7,000.

Hold onto your shorts folks & don't put any money in the market that you'll need in the next 5 years.

I haven't found any historical data that shows what happened when the TV & radio hit the markets, supposedly there was a wild ride then too.

We are approaching MOBO, the Mother of all Buying Opportunities.

 

[Parrotheader]

All you had to do was look at some of the PE ratios back in the late-90s to tell this was going to happen. Yet the media is freaking out like this was totally unexpected

I just shifted a lot of my 401K money last week back into more conservative funds for the time being (even though a good chunk of it was already there to deal with last year's market.) I still managed to turn a slight profit on it even with last year's market. I'm young as well so I've still got a long way to go and don't have a whole heck of a lot in there yet anyway. This thing just has to settle down a bit farther first. Maybe another six months or so of bear market as they shake out all the BS companies with overinflated stock prices. Of course, all they need is more "big" stories like Enron or WorldCom to keep cropping up and set things back further. It's amazing how susceptible the stock market is to the generic news we all see. You'd like to think that it's a more scientific process and above all this infotainment news byte stuff, but sometimes it's not. My friend's a broker at one of the biggest banks in the Southeast and he says he's still amazed at how much emphasis the industry sometimes gives to generic news which has hardly any bearing whatsoever on a particular market.

 

[Maetryx]

My investment opinion from March 2001. Now gold is $320/oz., and my gold mining stocks have basically soared. Alamos Minerals now trades for US$0.54, and it was like US$0.10 or so back in March 2001.

 

[Freejack2]

Originally posted by: trmiv
I just found this link, which is a small sample from a book released in 2000 called "The Coming Internet Depression: Why the High-Tech Boom Will Go Bust, Why the Crash Will Be Worse Than You Think, and How to Prosper Afterwards." The link I posted just has a small part of chapter one, but it's amazing how right this guy was. He wrote this when the economy was still doing well, and I'm sure everyone thought he was a nut.

Looks like the Internet Depression is on us then. Won't be long before many of us are on the street begging for a dollar or something to eat.
Hope it doesn't come to this but I don't have much faith in the current administration to correct this before it gets much worse.

 

[Mill]

Yep been investing in gold here for a good while. Made a good sum of money recently. Not enough to offset my market losses, but it helps since the market is down.


Dow only down 95!!! What a rally!

 

[UltraQuiet]

Originally posted by: Freejack2

Originally posted by: trmiv
I just found this link, which is a small sample from a book released in 2000 called "The Coming Internet Depression: Why the High-Tech Boom Will Go Bust, Why the Crash Will Be Worse Than You Think, and How to Prosper Afterwards." The link I posted just has a small part of chapter one, but it's amazing how right this guy was. He wrote this when the economy was still doing well, and I'm sure everyone thought he was a nut.

Looks like the Internet Depression is on us then. Won't be long before many of us are on the street begging for a dollar or something to eat.
Hope it doesn't come to this but I don't have much faith in the current administration to correct this before it gets much worse.

What exactly is the current administration supposed to do to correct this?

 

[Squisher]

A minute ago I was down 8 grand now only 6. Yippee!

 

[Danman]

Hey at least my Sun Microsystem's stock is up 30 cents. It is at 5.56.

 

[oblizue]

Well, considering that a defintion of recession is "2 consecutive quarters of negative GDP growth" (thank you econ class), I'm pretty sure we aren't in a recession yet.