Market is crashing

[IHateMyJob2004]

Originally posted by: ElFenix
so where does this rank in terms of biggest point losses?

nice to see that a drop almost the size of black monday is a mere hiccup nowadays

China had it's biggest loss in 10 years I thin I read.

AS for the US, I have not seen this in a long time. I'm not even sure if it was ever this bad over one day in 2000/2001.

Watch the news, I'm sure it will be mentioned.

 

[rh71]

what's happening ? in short... lots of gamblers are going

 

[ultimatebob]

I'm blaming Jim Cramer for this! He's been hitting that "BUY BUY BUY!" button a bit too much lately

 

[clamum]

Originally posted by: BarneyFife
I guess those projections about investing $5000 and turning into $1mil after 30 years isn't going to come true LOL

As someone else mentioned, this sort of thing happens. It's not like the market steadily raises indefinitely. That doesn't mean stock 30 years from now isn't going to be worth a lot more than it is now.

 

[IHateMyJob2004]

BLACK MONDAY CHART:
http://en.wikipedia.org/wiki/Stock_market_crash

One day drop of 12.8%. Today wasn't so bad

Total drop over a short period of time was 20% or so.

 

[waggy]

ohh not as bad as it started.

my parents are freaking out heh i been buying more.

 

[herkulease]

hah that I was funny, the group that came out to ring the closing bell, started out with cheers only to hear the traders on the floor boo them.

 

[imported_Lothar]

http://www.marketwatch.com/quotes/mr?sid=2430552

I was just thinking about adding that stock to my "ATOT virtual stock portfolio" 2 days ago...One hell of a drop.
Black Tuesday indeed.

 

[IHateMyJob2004]

Originally posted by: ultimatebob
I'm blaming Jim Cramer for this! He's been hitting that "BUY BUY BUY!" button a bit too much lately

I blame people that listen to that blathering idiot.

 

[JS80]

Originally posted by: herkulease
hah that I was funny, the group that came out to ring the closing bell, started out with cheers only to hear the traders on the floor boo them.

lol...

 

[Vic]

Bam! Right at -400. I didn't expect quite that!

It's too bad I'm at work and wasn't able to make any active orders today (just riding at my longs, which are doing just fine despite today, the market is already up so much in the past year).

edit: doh! -415. Yahoo was lagging.

 

[AdamK47]

Just imagine how stressed stock brokers must be right now as they read through the roll of ticker tape.

 

[waggy]

Originally posted by: AdamK47
Just imagine how stressed stock brokers must be right now as they read through the roll of ticker tape.

heh i was watching a movie. then flipped on CNN and they made it sound like the end of the world.

 

[Queasy]

Originally posted by: waggy

Originally posted by: AdamK47
Just imagine how stressed stock brokers must be right now as they read through the roll of ticker tape.

heh i was watching a movie. then flipped on CNN and they made it sound like the end of the world.

Isn't that every day though?

 

[rudder]

Originally posted by: Queasy

Originally posted by: waggy

Originally posted by: AdamK47
Just imagine how stressed stock brokers must be right now as they read through the roll of ticker tape.

heh i was watching a movie. then flipped on CNN and they made it sound like the end of the world.

Isn't that every day though?

They had other coverage besides Anna Nicole Smith?

 

[LS20]

time to buy

 

[JS80]

Originally posted by: AdamK47
Just imagine how stressed stock brokers must be right now as they read through the roll of ticker tape.

stock brokers are loving it. they make commission on the sale and then again when the idiots who sold rebuy next month.

 

[randay]

wonder how many suicides today...

 

[Phokus]

So because the stock market is crashing the bond market is up? I always thought it was based on the interest rates *investing newb here*

 

[imported_Lothar]

Originally posted by: IHateMyJob2004

Originally posted by: ultimatebob
I'm blaming Jim Cramer for this! He's been hitting that "BUY BUY BUY!" button a bit too much lately

I blame people that listen to that blathering idiot.

I've only watched him once last summer at home through flipping of channels...School doesn't carry the channel. We carry Bloomberg TV though.
What's his record like compared to S&P500/Dow/your average Wallstreet stock investor/manager?

 

[ElFenix]

Originally posted by: IHateMyJob2004

Originally posted by: ElFenix
so where does this rank in terms of biggest point losses?

nice to see that a drop almost the size of black monday is a mere hiccup nowadays

China had it's biggest loss in 10 years I thin I read.

AS for the US, I have not seen this in a long time. I'm not even sure if it was ever this bad over one day in 2000/2001.

Watch the news, I'm sure it will be mentioned.

all time biggest one-day point drop was the next market day after 9/11, at ~685. looks like today was shaping up to be in black monday's range, but pulled back.

Originally posted by: Phokus
So because the stock market is crashing the bond market is up? I always thought it was based on the interest rates *investing newb here*

bonds are a 'safe' investment, so when the stock market looks uncertain people pour into the bond market, driving up the price of bonds (which drives the yield down)

 

[IHateMyJob2004]

Originally posted by: AdamK47
Just imagine how stressed stock brokers must be right now as they read through the roll of ticker tape.

Yah, they care alot. You win, they make money. You loose, tehy make money. I'm sure they are deeply concerned.

 

[IHateMyJob2004]

Originally posted by: Queasy

Originally posted by: waggy

Originally posted by: AdamK47
Just imagine how stressed stock brokers must be right now as they read through the roll of ticker tape.

heh i was watching a movie. then flipped on CNN and they made it sound like the end of the world.

Isn't that every day though?

No, that's Fox News

 

[Phokus]

Ok so what's the strategy here? Buy buy buy tomorrow?

 

[Dr. Detroit]

I checked my IRA and 2 401K's and all are fine with less than a 1% drop for the day.

Suprised to see some funds up!