DOW just hit a 4 year low...

[Squisher]

I've lost a ton of money I've never seen, so they tell me.

I'm still ahead, I guess.

 

[tm37]

Originally posted by: PSYWVic

Originally posted by: Piano Man
My stock broker who is a good friend thinks it will go down to 5000 before it rebounds.............

Your broker is a wise and honest man.

Based on what.

There is no way to time the stock market, and if you are looking to make a quick buck you might as well go hit the craps tables because your odds are about the same.

 

[Vic]

Originally posted by: tm37

Originally posted by: PSYWVic

Originally posted by: Piano Man
My stock broker who is a good friend thinks it will go down to 5000 before it rebounds.............

Your broker is a wise and honest man.

Based on what.

There is no way to time the stock market, and if you are looking to make a quick buck you might as well go hit the craps tables because your odds are about the same.

I wasn't advising that anyone should time the market, please read my previous posts in this thread, for example, where I imply the dangers of mortgage shopping in connection with trying to get "best of market" rates (impossible to do but I see it every day) or the bumpy ride the market will continue to have on its way further down (different post).
I wasn't agreeing with any number. That was his broker. I was merely marveling that any broker could finally admit the obvious, which is that the market has a ways to go still.

edit: I see now how my post could have been misinterpreted. Trust me, that wasn't the case. My post was written while I was simply in shock that one of the band members actually stopped playing for a moment while the ship was sinking.

 

[Evadman]

/me does a little dance because he sold his Home Depot stock at $51 (most )and $32.5 ( the rest )

I hope lowes comes back

My post was written while I was simply in shock that one of the band members actually stopped playing for a moment while the ship was sinking.

If my ship were going down, and I could play, I would be playing. Leave the LB's for others.