***Official*** 2008 Stock Market Thread

[Engineer]

Originally posted by: HopJokey

Originally posted by: redgtxdi
So can we officially call this a "crash"???

On the bright side I think gas will be a little cheaper now.

OPEC is meeting early to try to cut productions.

Dow down to 8,595.

 

[ivan2]

bought IBM at $93 at opening, come on, hold still~~

It's like they had a pact to short WFC, I was looking at the puts, turn my head and then BAM it's gone below $30... remind me to set a trigger next time...

 

[AmpedSilence]

Originally posted by: Engineer

Originally posted by: HopJokey

Originally posted by: redgtxdi
So can we officially call this a "crash"???

On the bright side I think gas will be a little cheaper now.

OPEC is meeting early to try to cut productions.

is Saudia Arabia back in the group? And if not, does it really matter?

 

[SsupernovaE]

What officially defines a crash?

 

[NFS4]

Originally posted by: SsupernovaE
What officially defines a crash?

Ask Billy Joel

 

[ivan2]

Originally posted by: SsupernovaE
What officially defines a crash?

people jump out of the buildings on wall street.

 

[evident]

is this a crash yet?

 

[Slew Foot]

Looks like the hedge fund game is to short the hell out of everything. Lots of forced selling going on right now as margins are getting called.

 

[ponyo]

Are we going to trigger circuit breakers before this is all over?

My brain says to go all in but my hand isn't complying. Hedgefunds just threw up a big chunk of nasty.

I'm so fvcking glad I paid off my mortgage early this year. If I hadn't, I might be on the streets before this is all over.

 

[aldamon]

The talking heads are loving this. This is great for ratings.

 

[JS80]

just be ready to be in on the up swing. double effect with short covering.

 

[jpeyton]

Originally posted by: aldamon
The talking heads are loving this. This is great for ratings.

Great for elections, too.

 

[jpeyton]

Over the last year:

DJIA has dropped 5585.34 or 39.43% :shocked:

 

[Azurik]

Originally posted by: Naustica
Are we going to trigger circuit breakers before this is all over?

My brain says to go all in but my hand isn't complying. Hedgefunds just threw up a big chunk of nasty.

I'm so fvcking glad I paid off my mortgage early this year. If I hadn't, I might be on the streets before this is all over.

Unless we enter hyperinflation (not-likely, but still a chance), having a mortgage might actually be a great hedge.

 

[Modelworks]

Cashed out everything but GE stock.

 

[Slew Foot]

Originally posted by: Azurik

Originally posted by: Naustica
Are we going to trigger circuit breakers before this is all over?

My brain says to go all in but my hand isn't complying. Hedgefunds just threw up a big chunk of nasty.

I'm so fvcking glad I paid off my mortgage early this year. If I hadn't, I might be on the streets before this is all over.

Unless we enter hyperinflation (not-likely, but still a chance), having a mortgage might actually be a great hedge.

Wouldnt having a mortgage be a great thing in hyperinflation? Get to pay off your home with worthless dollars.

 

[Ballatician]

INTC looking good ahead of earnings but will positive numbers have much of an effect at this point?

 

[IHateMyJob2004]

Originally posted by: Modelworks
Cashed out everything but GE stock.

I started cashing out today. I wish I did 2 weeks ago when I thought about doing so. GOD DAMN IT

 

[Oceandevi]

I just upped contributions to my 401k. Might as well buy more while its cheap.

 

[AUMM]

Originally posted by: IHateMyJob2004

Originally posted by: Modelworks
Cashed out everything but GE stock.

I started cashing out today. I wish I did 2 weeks ago when I thought about doing so. GOD DAMN IT

unless you need cash there's no reason to cash out now is there?

 

[jonks]

Guess I'm an optimist. Take a step back. http://finance.yahoo.com/echar...le=on;source=undefined

 

[Modelworks]

Originally posted by: AUMM

Originally posted by: IHateMyJob2004

Originally posted by: Modelworks
Cashed out everything but GE stock.

I started cashing out today. I wish I did 2 weeks ago when I thought about doing so. GOD DAMN IT

unless you need cash there's no reason to cash out now is there?

Yes, if you think that a company you have stock in isn't going to recover soon or not at all.
GE doesn't worry me.

 

[sandorski]

Prediction: DOW 7000 next week

 

[JohnCU]

Originally posted by: jonks
Guess I'm an optimist. Take a step back. http://finance.yahoo.com/echar...le=on;source=undefined

god damn it took a long time to get back to pre-crash levels

 

[jonks]

Originally posted by: JohnCU

Originally posted by: jonks
Guess I'm an optimist. Take a step back. http://finance.yahoo.com/echar...le=on;source=undefined

god damn it took a long time to get back to pre-crash levels

Since the pre-crash levels were incredibly overinflated...yeah. But when the numbers are that low, it's an absolute vs percent thing. The downward movement in just the past 2 weeks eclipses the entire value of the DJIA in 1930.