The stock market is crashing!!

[Schfifty Five]

down 500. woot!

 

[Schfifty Five]

Is the raping over yet?

 

[TXHokie]

down 500. woot!

500...500...do I hear 525...525....going once

 

[Imp]

Is the raping over yet?

The one effing me in the ass just pulled out. I sold 5/6 of my portfolio. Huge loss, but still within reach of being made back in one rally.

 

[Modelworks]

500...500...do I hear 525...525....going once

SOLD for 512!

 

[Lotheron]

The one effing me in the ass just pulled out. I sold 5/6 of my portfolio. Huge loss, but still within reach of being made back in one rally.

I'm no market expert, but who sells when it's down?

 

[Jadow]

dammit, I bought in some a few days ago, looks like I caught a falling knife.

Fortunately, 2/3 of my investing money is still on the sidelines.

 

[yuchai]

I'm no market expert, but who sells when it's down?

Well, if you believe it will continue falling, then it makes sense to sell and buy back later at a cheaper price.

 

[Imp]

I'm not market expert. But who sells when it's down?

People who gamble on significant further falling. I lose 10% now, but if it drops another 10%, that's a 10% profit as opposed to par when it recovers. If the job report were not scheduled for tomorrow, I wouldn't be concerned, but I've got serious money on it being shit tomorrow morning.

 

[her209]

Hello double dip!

 

[Trianon]

need more stimulus

QE3, here we go!!!

 

[sunzt]

I've got about 35 more years or so of time to invest... so i'm gonna keep calm and not panic.

 

[CRXican]

guess I should transfer some more money to my Vanguard account

 

[TakeNoPrisoners]

I've got about 35 more years or so of time to invest... so i'm gonna keep calm and not panic.

As opposed to keep panic and not calm?

 

[Modelworks]

Hello double dip!

And where is our President and Congress ? Having birthday parties with $10K+ tickets and on vacation. Nothing to worry about, they have it all under control.

 

[IceBergSLiM]

you think this is a crash? just wait for QE3!!!

 

[Aharami]

I'm no market expert, but who sells when it's down?

looks like he liquidated a part of his portfolio in hopes of swing trading on a short run up and making up for any losses. I'm no trader...so I dont have the balls for that

 

[spidey07]

People who gamble on significant further falling. I lose 10% now, but if it drops another 10%, that's a 10% profit as opposed to par when it recovers. If the job report were not scheduled for tomorrow, I wouldn't be concerned, but I've got serious money on it being shit tomorrow morning.

There hasn't been any good news since like May. It's not going to be gruesome tomorrow, but it won't be pretty on the report.

 

[IceBergSLiM]

And where is our President and Congress ? Having birthday parties with $10K+ tickets and on vacation. Nothing to worry about, they have it all under control.

Spending the money they just made shorting the market?

 

[Schfifty Five]

Anyone think tomorrow will be a medium-large rebound? Nothing close to recovering everything lost today obviously.

 

[spidey07]

Anyone think tomorrow will be a medium-large rebound? Nothing close to recovering everything lost today obviously.

I think the disappointing (and I love how it's always "unexpected") unemployment figures will put a stomp on any large gains. There just have been zero positive economic news the last two months.

 

[Printer Bandit]

 

[Lotheron]

looks like he liquidated a part of his portfolio in hopes of swing trading on a short run up and making up for any losses. I'm no trader...so I dont have the balls for that

Me neither. Knowing my luck If I sold when the market was off 4% it would rebound 6% the next day.

 

[Imp]

looks like he liquidated a part of his portfolio in hopes of swing trading on a short run up and making up for any losses. I'm no trader...so I dont have the balls for that

Read me like a book.

Preserving my principal, and making cash available. Right now, I'm looking for a bottom (couple days of little change) before re-entry.

 

[sao123]

Why hire if no one wants to purchase. You build up inventory; All expense and no income.
Do you work for free?

And if the government is going to screw around with what we can/can not manufacture; the safe thing is to stand on the side of the road for now.

no one wants to purchase becasue they cant find a job... want to stimulate the economy? hire people... once they have money to spare, they will willingly spend it.

Someone has to to take a short term loss to stop the vicious circle... IMO business owners are the only viable choice to do it.