Market is crashing

[SparkyJJO]

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.

That's normal for CNN.

 

[ElFenix]

Originally posted by: IHateMyJob2004

No, that's Fox News

nah, CNN makes it seem like the end of the world, Fox News makes it seem like the end of the Democrats.

 

[SparkyJJO]

Originally posted by: ElFenix

Originally posted by: IHateMyJob2004

No, that's Fox News

nah, CNN makes it seem like the end of the world, Fox News makes it seem like the end of the Democrats.

And CNN makes it seem like the end of the republicans.

See two can play at that game 😛

 

[IHateMyJob2004]

Originally posted by: Phokus
Ok so what's the strategy here? Buy buy buy tomorrow?

Depends on your investment strategy. Traders might buy. Long term investors see today as a non-event.

 

[RossMAN]

Damn!

BlackTuesday.com is already registered 🙁

 

[50cent1228]

fvck!

 

[theeedude]

Originally posted by: IHateMyJob2004

Originally posted by: Phokus
Ok so what's the strategy here? Buy buy buy tomorrow?

Depends on your investment strategy. Traders might buy. Long term investors see today as a non-event.

No, they don't. Even long term investors may use this as a buying opportunity.

 

[K1052]

Originally posted by: Fmr12B
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!

diversification

my funds heavy in big US securities took dips that were evened out by gains in international and bond funds to end up at exactly the same YTD return as yesterday

 

[Phokus]

Originally posted by: senseamp

Originally posted by: IHateMyJob2004

Originally posted by: Phokus
Ok so what's the strategy here? Buy buy buy tomorrow?

Depends on your investment strategy. Traders might buy. Long term investors see today as a non-event.

No, they don't. Even long term investors may use this as a buying opportunity.

What do you guys suggest i should put my 401k/IRA money in tomorrow? (long term investor here) 😀

 

[dullard]

Doh.

On Jan 30, 2007, I rebalanced my portfolio and bumped up the bond percent at the same time. Went from 15.3% to 17.5%. I was going to go to 20% because I thought bonds would do well and stocks poorly. But I hesitated and went just halfway. I should have followed my gut reaction and went fully to 20% bonds.

At least this crash occured BEFORE my funds are purchased on the first of the month. That way I get to buy a lot more stock for the same amount of money. Yeah for drops far from retirement age!

 

[Jack Ryan]

Now my house will triple in value.

 

[Philippine Mango]

The perfect time to start buying stocks....

 

[Miramonti]

Can't say its all that bad for daytrading. 😱

I'd be happy if it stabilizes tho, big crashes can kill liquidity in the long run.

 

[RossMAN]

there goes my 401k.

 

[TheTony]

In other news Radio Shack is up. :laugh:

 

[IHateMyJob2004]

Originally posted by: Phokus

Originally posted by: senseamp

Originally posted by: IHateMyJob2004

Originally posted by: Phokus
Ok so what's the strategy here? Buy buy buy tomorrow?

Depends on your investment strategy. Traders might buy. Long term investors see today as a non-event.

No, they don't. Even long term investors may use this as a buying opportunity.

What do you guys suggest i should put my 401k/IRA money in tomorrow? (long term investor here) 😀

SHould have had that limit order for BAC at $49 in today 🙂 It dipped at around 3 PM for a 5% loss, but now it's recovered somewhat.

IMHO:
For an IRA, nothing beat high quality bank stocks with high yields and attractive payout ratios.

 

[everman]

Originally posted by: TheTony
In other news Radio Shack is up. :laugh:

Everyone knows that Radio Shack is just a front for the Columbian drug cartels, how else could they possibly still be in business?

 

[ElFenix]

Originally posted by: everman

Originally posted by: TheTony
In other news Radio Shack is up. :laugh:

Everyone knows that Radio Shack is just a front for the Columbian drug cartels, how else could they possibly still be in business?

that explains why they need your telephone number for a pack of AAs!

 

[dullard]

Dow spokesman says it was partly a computer glitch. No details yet. Is this what caused the blip at 3 pm?

Edit: Details. Dow data was lagged, which caused the odd blip behavior. The selloff was real, but the shape was incorrectly displayed - resulting in an odd blip.

 

[mzkhadir]

Tuesday's plunge was the biggest one-day point drop for the Dow Jones industrial average since the markets reopened after the Sept. 11, 2001, terrorist attacks. Here are the biggest single-day point drops.

Rank Date Close Net Change Percent Change

1 9/17/01 8,920.70 -684.81 -7.13%

2 4/14/00 10,305.77 -617.78 -5.66%

3 10/27/97 7,161.15 -554.26 -7.19%

4 8/31/98 7,539.07 -512.61 -6.37%

5 10/19/87 1,738.74 -508.00 -22.61%

6 3/12/01 10,208.25 -436.37 -4.10%

7 2/27/07 12,216.24 -416.02 -3.31%

8 7/19/02 8,019.26 -390.23 -4.63%

9 9/20/01 8,376.21 -382.92 -4.37%

10 10/12/00 10,034.58 -379.21 -3.64

 

[ElFenix]

2 4/14/00 10,305.77 -617.78 -5.66%

was that the day after the MS verdict?

edit: nope, verdict was 4/3/2000

 

[dmcowen674]

Originally posted by: SparkyJJO

Originally posted by: ElFenix

Originally posted by: IHateMyJob2004

No, that's Fox News

nah, CNN makes it seem like the end of the world, Fox News makes it seem like the end of the Democrats.

And CNN makes it seem like the end of the republicans.

See two can play at that game 😛

Did Fox blame this on the Democrats?

 

[Golgatha]

Time to short sell FTW!!!

In all seriousness, the intrinsic value of my March 20 call options in INTC are about spent (20.07 in after hours), so I'm praying that they don't turn down under 20/share overnight, so I can sell to open the 17.50 March call options tomorrow. Don't worry folks, I only write covered calls to try and limit my losses.

 

[91TTZ]

Originally posted by: NFS4
Maybe it's b/c Dick Cheney nearly got offed 😀

I think it has a lot to do with what Greenspan said yesterday.

 

[Phokus]

Wait, i've read that the NYSE tried to limit the plunge by limiting trading? Isn't that kind of BS though? Why the hell would they limit your ability to cut your losses?