Black Monday Markets

CSC · #1 09-29-2008, 02:30 PM

More Markets turmoil! When will it end?

MaTH716 · #2 09-29-2008, 04:06 PM

Market -689.59
Have a chance to break 10,000 tomorrow.

MaTH716 · #3 09-29-2008, 04:07 PM

Quote:

Originally Posted by MaTH716

Market -689.59
Have a chance to break 10,000 tomorrow.

Wow, big downtick
-748.21

It dropped even more after 4:15 -777.48

CSC · #4 09-29-2008, 04:38 PM

Buffett bought 10% of Goldman Sachs last week, what's the saying be fearful when others are greedy and be greedy when others are fearful....There are some positives I believe.

dalakhani · #5 09-29-2008, 05:19 PM

Quote:

Originally Posted by CSC

Buffett bought 10% of Goldman Sachs last week, what's the saying be fearful when others are greedy and be greedy when others are fearful....There are some positives I believe.

First of all its goldman sachs.

Second of all, Buffett got a deal that wasnt available to the public. He would have been an utter moron not to take it.

You want to buy financials? As I said in another thread, there probably is an opportunity but can you find the gem amidst the falling knives? Be my guest.

CSC · #6 09-29-2008, 05:26 PM

Well not to sound like I am bragging because I've sure made some bad picks this year, but I did buy WFC - Wells Fargo a favorite of Mr. Buffet's at $20-21 about 2 months ago that hasn't done so badly.