Look at the Dow go, ya baby!

[optoman]

Go down that is!

7568.10

I am still predicting below 7000 before the end of the year as we slip into another recession. Ya for the double dipping.

 

[pyonir]

:|

 

[NutBucket]

Originally posted by: pyonir
:|

agreed.

 

[Deeko]

shiz

 

[Mrburns2007]

When the war is over it will go back to 8000 or higher.

 

[StageLeft]

Party!!!!!

 

[Aceshigh]

Anyone shorting the market right now?

I too am expecting (hoping for) a big recovery after we finish off Saddam and all the uncertainty about war is over with.

 

[optoman]

What's shorting the market?

 

[Pocatello]

I have no money in the stock market 🙂. George Bush is going down in 2004, just like his dad. I'm not blaming GB for the bad economy, but millions of voters will.

 

[Viper GTS]

I have money in the market (not much, I'm all of 20), but I don't mind it going down.

The further down it goes the more I can ride it back up. I missed the last stock boom, I intend to ride the next one for all it's worth.

I do have to admit it's depressing dumping 4.5% of my salary in each month & not seeing any headway. My account was over $2000 for one day, & although I've put in several hundred $$$ since then I'm STILL not back above $2 grand.

Blah. But I'm not losing much, & again...

I get to ride it back up.

Viper GTS

 

[dullard]

Originally posted by: optoman
What's shorting the market?

You sell stocks now, with the hopes that the market goes lower, then you buy them back at a low price. You don't even need to own stocks in the first place to short them (but it may be harder to find someone willing to accept your order).

There are two ways to make money on the stock market. (1) Buy low and sell high. That is what most people think about. (2) Shorting is the second way: sell high and then buy low.

I'm hoping for it to hit 7000, then I'm jumping in and selling at 9000 (when it eventually reaches it).

 

[StageLeft]

Originally posted by: dullard

Originally posted by: optoman
What's shorting the market?

You sell stocks now, with the hopes that the market goes lower, then you buy them back at a low price. You don't even need to own stocks in the first place to short them (but it may be harder to find someone willing to accept your order).

There are two ways to make money on the stock market. (1) Buy low and sell high. That is what most people think about. (2) Shorting is the second way: sell high and then buy low.

I'm hoping for it to hit 7000, then I'm jumping in and selling at 9000 (when it eventually reaches it).

It works by borrowing stocks and then you promise back that number of stocks plus a little within a certain period of time. So if you know for sure a stock is about to dive if you own some you sell, and if you don't own some you borrow some, sell them, then when they are worth less buy back the original number plus the extra and give them back to who you borrowed them from and you'll profit.

 

[Kyteland]

On this day - March 10, 2000

 

[Evadman]

I have a few open shorts of spiders. now THAT is insane 😛