Stock Market

[CSC]

It's the worst I have ever seen it, my portfolio is down significantly. I keep thinking we have seen the bottom, that it can't get any worse but it does.

[MaTH716]

Originally Posted by dalakhani

We need a 500+ point drop today. A giant meltdown. Everytime i say that, the market rallies. But if it melts down, i think you will see a lot of money from the sidelines get back in the game.

WHY?

[dalakhani]

Originally Posted by MaTH716

WHY?

Value. Every market has a point where there is value regardless of how low it is. Regardless of how much trouble the economy is in (believe me I deal with it every day) there is still a ton of wealth in this country. There comes a point in time where there is just not much further it can go. Are we close? I would say that we are pretty darn close. We still didnt get that capitulation though. We are close.

Saying that stock prices arent going to drop much further and saying that we are close to being out of our economic woes are two very different things.

[Mortimer]

lol

[MaTH716]

6,594.44 Oy Vey!

[ArlJim78]

its a good thing we don't have to worry about the market anymore, seeing that we've got such a braintrust in Washington mapping out a strong future for us.

dear leader informed us on Tuesday he's not concerned, that it's a good time to buy he says, because of the "profit to earnings" ratio.

these are just market gyrations after all.

it only gyrated down another 4% today.

the great news is that we'll shortly power out of this temporary slump by taxing corporations, small businesses and the wealthy, then for good measure we'll fire up the new cap and trade system, and we've got Joe Biden as a watch-dog to make sure it's all done efficiently.

happy days are here again comrades!

[GPK]

Originally Posted by MaTH716

6,594.44 Oy Vey!

At least my companys 401k match is going in on the cheap in the next week

[pgiaco]

I've finally found something that loses money faster than my racing stable....My pension.

[steve]

gee--maybe business can not be trusted to regulate business

[Payson Dave]

Originally Posted by steve

gee--maybe business can not be trusted to regulate business

you may be right....but can gov't be trusted at anything

[MaTH716]

Originally Posted by GPK

At least my companys 401k match is going in on the cheap in the next week

The way that the market is going, you might have a better chance at making money if they sent it directly to Derby Lane for you.

[GPK]

Originally Posted by MaTH716

The way that the market is going, you might have a better chance at making money if they sent it directly to Derby Lane for you.

All I can say is that its a good thing we are still relatively young. Gonna need 25 years to rebound from this mess

[dellinger63]

GE big short and long term. Prob solved IMO

[Danzig]

Originally Posted by GPK

All I can say is that its a good thing we are still relatively young. Gonna need 25 years to rebound from this mess

tell me about it.
and now, while i still have a 401k that i can still borrow from, i have to get a loan-my heating/air unit bit the dust. dammit

Originally Posted by GPK

All I can say is that its a good thing we are still relatively young. Gonna need 25 years to rebound from this mess

25 years...

Ok then.
I will most likely be dead, so I will
take your point as positive news.

Man reading back through all this
stuff... I hope Cajungator did not
lose all her scales.

[MaTH716]

Originally Posted by pgardn

25 years...

Ok then.
I will most likely be dead, so I will
take your point as positive news.

Man reading back through all this
stuff... I hope Cajungator did not
lose all her scales.

It's funny you said that, I was reading back too and thought the same thing.

[Payson Dave]

Originally Posted by Payson Dave

another 8500 points or so and the end will be in sight

we are getting there....only another 6500 or so points to go..

[TheSpyder]

I was going to say that my capping skills have out performed the stock market.....by far, and I stink.

Originally Posted by pgiaco

I've finally found something that loses money faster than my racing stable....My pension.

A big "bank" posts a profit and we got a
300 pt gain. Still remains to be seen what
these "bank" bailouts do.

Bernanke is at ramming speed.

[wiphan]

I believe it was more the talk of ways to fix Mark to Market by Big Ben that sparked the rally more so than CITI talk about making a profit. What people don't realize is the banks are making $ and showing profit it is just an accounting issue (thanks enron) that is screwing everything up. Imagine if you had to revalue your home daily and if it went down you would have to pay the bank more money and then if your neighbor sold his house at a discount then your house keeps going down value and you pay the bank more $, then another neighbor has to sell his house because he doesn't have the $ to pay the bank now he sells lower and you have to pay more. This is more or less what mark to market is doing to banks. They are not losing real $. I believe more talk or change to different accounting principals will spark a huuuge rally in the financials and huge gain in the stock market. Most good financial companies are undervalued. Just my uneducated opinion though....