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Stock Market taking another dump.

Home ▸ Archive ▸ Serious Business ▸ Stock Market taking another dump.
coyotes22's avatar

coyotes22

Go Tigers

11,298 posts
Aug 8, 2011 9:55 PM
vball10set;855122 wrote:[video=youtube;W4hfdaC7eL4][/video]

post fail
Aug 8, 2011 9:55pm
OneBuckeye's avatar

OneBuckeye

Senior Member

5,888 posts
Aug 9, 2011 12:50 PM
So we are back up over 11,000 today. I'm sure it goes back down again tomorrow...
Aug 9, 2011 12:50pm
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
Aug 9, 2011 1:07 PM
When asked which way the stock market will go, JP Morgan replied "It will fluctuate"
Aug 9, 2011 1:07pm
Heretic's avatar

Heretic

Son of the Sun

18,820 posts
Aug 9, 2011 2:19 PM
FatHobbit;856230 wrote:When asked which way the stock market will go, JP Morgan replied "It will fluctuate"

Man, I should be a speculator if all there is to it is saying stuff like, "It will go between going up and going down." I mean, that's mind-fucking-blowing analysis right there!
Aug 9, 2011 2:19pm
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
Aug 9, 2011 2:23 PM
Heretic;856295 wrote:Man, I should be a speculator if all there is to it is saying stuff like, "It will go between going up and going down." I mean, that's mind-fucking-blowing analysis right there!

:) From some of the people I know you don't have to be real bright. Just enthusiastic enough to get other suckers to let you invest their money.
Aug 9, 2011 2:23pm
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Aug 9, 2011 3:54 PM
back up 323 pts as of now --- what the eff is going onnnnnnnnn

edit: minutes later -- 420+


A lot of people who called me or went online to put their money into conservative investments yesterday will not be happy....
Aug 9, 2011 3:54pm
gorocks99's avatar

gorocks99

Senior Member

10,760 posts
Aug 9, 2011 3:58 PM
Just crossed +430
Aug 9, 2011 3:58pm
RedRider1's avatar

RedRider1

Senior Member

3,850 posts
Aug 9, 2011 4:04 PM
It's up about 600 pts. from just 90 minutes ago.

Maybe it's got something to do with the Fed saying they're going to continue propping the economy up (read: printing money) for another 2 years.
Aug 9, 2011 4:04pm
iclfan2's avatar

iclfan2

Reppin' the 330/216/843

6,360 posts
Aug 9, 2011 7:02 PM
Bernanke is a total douche bag. Let interest rates fluctuate with the market you POS. Artificially keeping the rates down is ridiculous.
Aug 9, 2011 7:02pm
OneBuckeye's avatar

OneBuckeye

Senior Member

5,888 posts
Aug 10, 2011 11:48 AM
and boom goes the dynamite. Never would have guessed this was going to happen today.
Aug 10, 2011 11:48am
F

fan_from_texas

Senior Member

2,693 posts
Aug 10, 2011 1:28 PM
gut;855451 wrote:This is the power of dollar-cost averaging and periodic re-balancing. Very simple concepts that can substantially reduce volatility with little effort on the part of the investor (note: save a few bucks trying to rebalance when adding more principle, avoiding the extra transaction fee buying and selling to rebalance).

I don't buy individual stocks, I invest in countries or sectors, across bonds/equities/commodiities. Simple asset allocation and forget about it, and I tweak it occasionally with where I see risks and opportunities.

Exactly. I don't plan to retire for another 40 years, so this isn't a big deal. I keep investing and looking longterm.

The real issue is if the economy slips into another recession and then we have more job losses--I'm not sure the system (particularly real estate) could handle another shock.
Aug 10, 2011 1:28pm
G

gut

Senior Member

15,058 posts
Aug 10, 2011 5:35 PM
fan_from_texas;857500 wrote:I'm not sure the system (particularly real estate) could handle another shock.

Investors have money sitting on the sidelines, and the reality is rents are already well over prices in many areas. More people losing their homes would only further increase the demand for rent, so I'd expect a floor to form pretty quickly from these levels.
Aug 10, 2011 5:35pm
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Aug 11, 2011 12:16 PM
gut;857804 wrote:rents are already well over prices in many areas

Aug 11, 2011 12:16pm
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Aug 11, 2011 3:46 PM
Up 500+ today --- wow.

Imagine if you were some stock market guru buying low and selling high all week, you could buy $12 memberships for the entire world with those returns.
Aug 11, 2011 3:46pm
Tobias Fünke's avatar

Tobias Fünke

formerly "sjmvsfscs08"

2,387 posts
Aug 11, 2011 3:50 PM
McFly1955;858973 wrote:Up 500+ today --- wow.

Imagine if you were some stock market guru buying low and selling high all week, you could buy $12 memberships for the entire world with those returns.

The huge gains after the drastic falls were easy to see. I wish I had some wherewithal.
Aug 11, 2011 3:50pm
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
Aug 11, 2011 3:50 PM
McFly1955;858973 wrote:Up 500+ today --- wow.

Imagine if you were some stock market guru buying low and selling high all week, you could buy $12 memberships for the entire world with those returns.

If I only had a time machine...
Aug 11, 2011 3:50pm