Dow Jones just broke under 10,000

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M

Manhattan Buckeye

Senior Member

7,566 posts
Feb 4, 2010 4:01 PM
We'll see if it stays there at the close.

Tomorrow could be an interesting moving day in either direction.
Feb 4, 2010 4:01pm
Scarlet_Buckeye's avatar

Scarlet_Buckeye

Senior Member

5,264 posts
Feb 4, 2010 4:02 PM
How much does Toyota's recalls have to do with this?
Feb 4, 2010 4:02pm
gorocks99's avatar

gorocks99

Senior Member

10,760 posts
Feb 4, 2010 4:02 PM
This one's on Europe today.
Feb 4, 2010 4:02pm
j_crazy's avatar

j_crazy

7 gram rocks. how i roll.

8,372 posts
Feb 4, 2010 4:05 PM
my company's stock is down 5% for the day. sucks.

i assume my 401k will also blow. should i pull it out of stocks and get into bonds?
Feb 4, 2010 4:05pm
M

Manhattan Buckeye

Senior Member

7,566 posts
Feb 4, 2010 4:06 PM
Scarlet_Buckeye wrote: How much does Toyota's recalls have to do with this?
Probably not much (you would think any harm to Toyota would be offset by the other manufacturers).

My guesses are (i) Europe/Greece situation, (ii) unfavorable employment numbers, (iii) anticipation of a poor earnings dump on Friday and (iv) at least where I live, ANOTHER winter stormfall this weekend.
Feb 4, 2010 4:06pm
RedRider1's avatar

RedRider1

Senior Member

3,850 posts
Feb 4, 2010 9:36 PM
j_crazy wrote: my company's stock is down 5% for the day. sucks.

i assume my 401k will also blow. should i pull it out of stocks and get into bonds?
We got a call from our 401k advisor to pull out of anything labeled as "aggressive." He's not one to push the panic button, as this was the 1st call of that nature I've taken from him in nearly 7 years.

Said to be risk averse for the next 2 quarters at a minimum.
Feb 4, 2010 9:36pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Feb 4, 2010 10:27 PM
im down on some stocks right now. but im holding, have some medical stocks that are awaiting approval from the FDA. Once that happens...$$$$$
Feb 4, 2010 10:27pm
bcubed's avatar

bcubed

Senior Member

410 posts
Feb 4, 2010 10:29 PM
I guess we are still waiting for these stimulus packages to work, huh!
Feb 4, 2010 10:29pm