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[speculawyer]

I don't think this drop will be done until we hit 7500-8000 on the Dow.

At this rate we will be there by Monday.

This is beyond funny.

 

[AstroLad]

And all because people didn't use their rebate checks for what they were supposed to use them for (consumer spending). smh

 

[Tamanon]

I've a feeling it's going to be really ugly after the closing bell when it consolidates trades.

 

[ArtG]

This is beyond funny.

If it wasn't so, so sad.

 

[SSGMUN10000]

Currently down over 600. Im considering jumping in when this bottoms out.

 

[speculawyer]

At this rate we will be there by Monday.

This is beyond funny.

Wait . . . make that tomorrow.

Does anyone know how to tie a noose?

 

[jmdajr]

at this point all I can do is laugh.... funke dup man!

 

[ALeperMessiah]

what a massacre. I need to start saving cash for the bottom though.

 

[xero273]

It's coming back slowly...

 

[Battersea Power Station]

Really? Must be hedge funds. Let's get back to 9k.

It's not that complicated. There's psychological resistance near round numbers. You either bounce off it or break through them with speed.

 

[lil smoke]

I find it interesting to see which companies remain green by the skin of their teeth at times like this. AAPL could've gone down a lot further.

 

[ArtG]

Currently down over 600. Im considering jumping in when this bottoms out.

Just wait. This has much, much more to go.

 

[gkryhewy]

Just wait. This has much, much more to go.

You thinking 4,000? Or all the way to zero?

 

[thefro]

You thinking 4,000? Or all the way to zero?

The CW right now is between 7000-8000.

 

[gkryhewy]

The CW right now is between 7000-8000.

CW?

 

[ArtG]

You thinking 4,000? Or all the way to zero?

No.

The CW right now is between 7000-8000

This.

There's no reason to eat a 10-20 percent loss at these levels. The earnings and earnings guidances will start to come in, causing further decline. Once those earnings come in and are factored in...then we should be at a level where we can get our bearings on this market.

 

[kathode]

I find it interesting to see which companies remain green by the skin of their teeth at times like this. AAPL could've gone down a lot further.

I'm thinking the new Macbook rumors are giving it some buoyancy. It's still down, and new Macbooks aren't going to completely rescue it, but it's nice to know there's some good news coming.

 

[MassiveAttack]

You thinking 4,000? Or all the way to zero?

He's talking about today's point loss, not the Dow.

 

[ArtG]

CW?

Conventional wisdom.

 

[dionysus]

I've been saying in the 7000s is bottom. Hopefully I am wrong.

 

[gkryhewy]

Conventional wisdom.

Ah, thanks. I agree.

 

[ArtG]

He's talking about today's point loss, not the Dow.

Well, either way.

Trading hasn't settled just yet and it's down at about the lows of today's trading session. For the next couple of weeks, there is still SIGNIFICANT downside because of putrid earnings and earnings guidances to come.

 

[dionysus]

I'm thinking the new Macbook rumors are giving it some buoyancy. It's still down, and new Macbooks aren't going to completely rescue it, but it's nice to know there's some good news coming.

I am not sure why expensive as hell macbooks are going to sell like hotcakes in this environment.

 

[gkryhewy]

Well, either way.

Trading hasn't settled just yet and it's down at about the lows of today's trading session. For the next couple of weeks, there is still SIGNIFICANT downside because of putrid earnings and earnings guidances to come.

I still think there's a chance that merely poor guidance(s) will restore stability. We will see - guess I'm just a glass half full kinda guy.

 

[MassiveAttack]

I am not sure why expensive as hell macbooks are going to sell like hotcakes in this environment.

They're not. Only thing that is going to continue doing well in this environment is home entertainment - movies and videogames primarily. Americans will essentially never the leave the house now.

 

[jmdajr]

They're not. Only thing that is going to continue doing well in this environment is home entertainment - movies and videogames primarily. Americans will essentially never the leave the house now.

as much as I spend on that stuff, it really is one of the least expensive forms of entertainment

 

[kathode]

I am not sure why expensive as hell macbooks are going to sell like hotcakes in this environment.

New Macbooks are supposedly cheaper at around $800. So they should sell better than the current line. You can make doomsday predictions for basically any company you want these days. Apple has been very profitable. Like everyone else, their profitability is about to suffer, but I think they are far away from failing.

 

[greatestjediever]

I've been saying in the 7000s is bottom. Hopefully I am wrong.

It's kinda surreal to think that just a year ago the market was just 10 points away from 14000. Now its falling back to 2002/2003 levels.

 

[ArtG]

I still think there's a chance that merely poor guidance(s) will restore stability. We will see - guess I'm just a glass half full kinda guy.

I do too. But stability will mean that we won't be hemorrhaging close to 700 points a session like we are today. We'll be merely on a downward trend towards the 7000's.

 

[gkryhewy]

Hmmm... A share or two of BRK.B is looking very attractive as a long range play.

http://finance.google.com/finance?q=NYSE:BRK.B

I do too. But stability will mean that we won't be hemorrhaging close to 700 points a session like we are today. We'll be merely on a downward trend towards the 7000's.

Well, for me, stability is a levelling off. Are you holding anything right now?

 

[kkaabboomm]

i LOVE rollarcoaster rides, dont you? i'm just waiting for it to go back up the other side of this mondo drop...

 

[AstroLad]

 

[ArtG]

Are you holding anything right now?

Currently, no. (Looking at buying some November Amazon puts.)

I got out of the market in April.

 

[perfectchaos007]

Everyone start growing your gardens to be self sufficient. Chaos is about to happen. Get a good security system because the dumb people who aren't self sufficient will steal from you to survive. It will be like New Orleans right after Katrina accross the whole US!!

RON PAUL WAS RIGHT. YOUR MONEY IS WORTHLESS. IT'S GEORGE BUSH'S FAULT! YOU SHOULD HAVE BOUGHT GOLD!

 

[jmdajr]

Everyone start growing your gardens to be self sufficient. Chaos is about to happen. Get a good security system because the dumb people who aren't self sufficient will steal from you to survive. It will be like New Orleans right after Katrina accross the whole US!!

RON PAUL WAS RIGHT. YOUR MONEY IS WORTHLESS. IT'S GEORGE BUSH'S FAULT! YOU SHOULD HAVE BOUGHT GOLD!

man get a grip

 

[gkryhewy]

Currently, no. (Looking at buying some November Amazon puts.)

I got out of the market in April.

Smart man! I was of the same mind last winter and got out, but later outsmarted myself by getting back in. Ah well, only 20% of my savings is in there, and I can wait it out.

 

[Battersea Power Station]

Everyone start growing your gardens to be self sufficient. Chaos is about to happen. Get a good security system because the dumb people who aren't self sufficient will steal from you to survive. It will be like New Orleans right after Katrina accross the whole US!!

RON PAUL WAS RIGHT. YOUR MONEY IS WORTHLESS. IT'S GEORGE BUSH'S FAULT! YOU SHOULD HAVE BOUGHT GOLD!

Right now I'm living on Long Island. I imagine we're immune, considering houses here still cost an assload and a half.

 

[gkryhewy]

Everyone start growing your gardens to be self sufficient. Chaos is about to happen. Get a good security system because the dumb people who aren't self sufficient will steal from you to survive. It will be like New Orleans right after Katrina accross the whole US!!

RON PAUL WAS RIGHT. YOUR MONEY IS WORTHLESS. IT'S GEORGE BUSH'S FAULT! YOU SHOULD HAVE BOUGHT GOLD!

Worst post ever.

 

[WickedAngel]

It figures that this would happen when I'm just beginning to learn about finance and the stock market. 150K and no knowledge as to how to invest it.

 

[Schattenjäger]

the market has been overvalued the last 5 years..


between 7000-8000 is the correct value (according to statistical averages)

 

[Ether_Snake]

Woo CGT up 8%

Go CGT!

Still a loss for me tho

 

[ALeperMessiah]

Hmmm... A share or two of BRK.B is looking very attractive as a long range play.

http://finance.google.com/finance?q=NYSE:BRK.B



Well, for me, stability is a levelling off. Are you holding anything right now?

I was in earlier this year 4700 but got out around 4300 a few months later. I'd like to jump back in anywhere under 4000. Can't go wrong (long-term) with Buffet.

 

[FLEABttn]

Everyone start growing your gardens to be self sufficient. Chaos is about to happen. Get a good security system because the dumb people who aren't self sufficient will steal from you to survive. It will be like New Orleans right after Katrina accross the whole US!!

RON PAUL WAS RIGHT. YOUR MONEY IS WORTHLESS. IT'S GEORGE BUSH'S FAULT! YOU SHOULD HAVE BOUGHT GOLD!

Bad market and I got hired last week.

Doin' fine. Doin' fine.

 

[ArtG]

It figures that this would happen when I'm just beginning to learn about finance and the stock market. 150K and no knowledge as to how to invest it.

Anything FDIC-insured would probably be the best bet at this point. :lol

 

[avaya]

The system is safe now. We are going through the initial stages of the recession. We'll come out of this. Look forward. Money market will improve steadily from the start of the year as the TARP is initiated and the European plans execute. US housing market bottoms in 2009. UK housing market will stop its ridiculous, confidence based decline at a lag of 6months from that point.

I will shit myself if DJIA falls below 7000.

Right now I couldn't be happier with the interventionism, preference shares in banks is the way to go, Trichet has pulled the finger out and even the Chinese are getting involved.

Socialism keeping the capitalist system going since the turn of the 20th century. Laissez-faire…more like laissez-FAIL.

Having said that Pelosi should GTFO with another $150bn stimulus package to the consumer. That is nothing more than shitty electioneering. As they were speaking about on Street Signs, fall in the oil price has acted as an effective $100bn stimulus.

It figures that this would happen when I'm just beginning to learn about finance and the stock market. 150K and no knowledge as to how to invest it.

Take 25-50k and margin trade FX, commodities and indicies. Leave the stocks.

Got relatives in UK/Ireland? Get them to open a spreadbet account and margin trade TAX FREE.

 

[GoutPatrol]

Everyone start growing your gardens to be self sufficient. Chaos is about to happen. Get a good security system because the dumb people who aren't self sufficient will steal from you to survive. It will be like New Orleans right after Katrina accross the whole US!!

RON PAUL WAS RIGHT. YOUR MONEY IS WORTHLESS. IT'S GEORGE BUSH'S FAULT! YOU SHOULD HAVE BOUGHT GOLD!

If we switched to gold 6 months ago, this shit would of happened 6 months ago.

 

[onipex]

Everyone start growing your gardens to be self sufficient. Chaos is about to happen. Get a good security system because the dumb people who aren't self sufficient will steal from you to survive. It will be like New Orleans right after Katrina accross the whole US!!

RON PAUL WAS RIGHT. YOUR MONEY IS WORTHLESS. IT'S GEORGE BUSH'S FAULT! YOU SHOULD HAVE BOUGHT GOLD!

Meh everything will be fine. People will get rich from this some how.

 

[ALeperMessiah]

Also, it's time to get GM out of the dow.

 

[Tarazet]

Holy crap, good thing I bought puts earlier today. They are worth their weight in gold this week. +20% in my entire portfolio in a matter of minutes.

 

[Illuminati]

woo, one of my 401k investments actually went up after a week of losses. I am contemplating on buying stock that is guaranteed to go back up once we are out of the shit. Still undecided what to invest in though, either tech or pharmaceuticals. Both don't seem to be hit as hard as other areas, but still risky.