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DOW: WTF are you doing???

Originally posted by: GTaudiophile
I know I am in it for the long-term but losing money (even unrealized gains) is no fun to watch! WTF!
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I love it. I'm in it for the long-term and my retirement savings for this month goes in today. The more it falls today the better off I am. Keep plummeting!
 
Down 300 points in two days. Ouchee. And the day's not even close to being over yet.

Any time the head of the FRB so much as mumbles the word "inflation" the market is falling over itself to get sold off.

 
Originally posted by: astrocase
This new fed chief better get his act togther. 700 points in a few weeks is not cool. I've lost 10%.
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How is it his fault?

Stupidity pervades the financial markets. Unreasonable expectations relating to companies and economic growth are rampant. The very idea that housing will do anythign but fall is silly.

Furthermore, job needs are outpacing people to fill them, resulting in higher labor costs. Add to that our disasterous foreign policy and it's affect on oil, you get rampant inflation that is *VERY* hard to fight with monetary policy.

If you want somebody to get their act together, smack Bush, every SUV or V8+ 1-person commuter, every irrational home buyer, and anybody else stupid enough to buy Google at 66 P/E or AMD at 40+.

The piper is calling, it's time to pay up. Our stupidity of the last 5 years is coming back to haunt us.
 
I'm going against the trend. I'm buying instead of selling. I especially look for reputable companies hitting their 52-week low.
 
Originally posted by: LegendKiller
Originally posted by: astrocase
This new fed chief better get his act togther. 700 points in a few weeks is not cool. I've lost 10%.
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How is it his fault?
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The non-stop raising of interest rates.

If he keeps it up, he'll match Greenspans performance of the year 2000
 
Originally posted by: Fern
Originally posted by: LegendKiller
Originally posted by: astrocase
This new fed chief better get his act togther. 700 points in a few weeks is not cool. I've lost 10%.
Click to expand...

How is it his fault?
Click to expand...

The non-stop raising of interest rates.

If he keeps it up, he'll match Greenspans performance of the year 2000
Click to expand...

Talk to the dumbass in the oval office, he's the reason why the rates are getting bumped
 
Originally posted by: halik
Originally posted by: Fern
Originally posted by: LegendKiller
Originally posted by: astrocase
This new fed chief better get his act togther. 700 points in a few weeks is not cool. I've lost 10%.
Click to expand...

How is it his fault?
Click to expand...

The non-stop raising of interest rates.

If he keeps it up, he'll match Greenspans performance of the year 2000
Click to expand...

Talk to the dumbass in the oval office, he's the reason why the rates are getting bumped
Click to expand...

How so?

Personally, I don't think the President has had much to do with it, since oh about the Nixon era when the Fed Chief was moved out from under Presidential control. For example, I don't blame Clinton for the crash in March of 2k.

I can only think of one reasonable thought how it may be Bush's fault. I.e., the result of something he did.

Whaddya got?
 
I will do what I always do and has served me well for many years.

I will rebalance my funds at the end of the year and I will keep investing every month. I'm still up 4% for the year. You won't ever see me bragging that I had a killer year, but I'm going for slow and steady growth.

If you chase the quick payoff, you will get burned. That's gambling, not investing.
 
The very idea that housing will do anythign but fall is silly.
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LOL - people have been saying that for like 6-7 years now.

It will fall in certain ridiculously high areas, but in most areas will level off if anything.

Heck - I purchased my first house in 2002 when everyone said the market was going to drop, and I sold in early 2005 at a $70K+ profit. I needed to rush the sale, so probably sold for $10K - $15K less than I could have gotten.

I bought again in early 2005 when the housing market was 'going bad', and equivelant houses in my neighborhood are going for $80K more now!

I live in Milford, MA - about an hour south of Boston.
 
It's so ridiculous here that my friends who bought $300K houses up by Sacramento, made $30K before escrow even closed.
 
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