Dow Drops 778 points!! Biggest drop in the History!

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-- Dow Drops 778 points!! Biggest drop in the History!
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Posted by Krypton on Sep-30-2008 02:38:

I'm going to start buying a few shares..

Dow Jones companies I like...

CAT
JPM
DD

and no more...

Posted by jonze on Sep-30-2008 03:02:

so one point in the drop is about the equivalent of 1 billion dollars in the bailout

Posted by Slylee on Sep-30-2008 03:08:

quote:
Originally posted by chach
Doesn't matter end of the world is soon anyways.

lol omg are u one of those 2012 people?

Posted by MrJiveBoJingles on Sep-30-2008 03:10:

quote:
Originally posted by Slylee
lol omg are u one of those 2012 people?

I think he is more like one of those "Jesus is coming back to toss you into hell" people.

Although I suppose the two ideas might not exclude one another.

Posted by Domesticated on Sep-30-2008 03:12:

quote:
Originally posted by MrJiveBoJingles
I think he is more like one of those "large hadron collider disaster" people

Posted by chach on Sep-30-2008 03:12:

quote:
Originally posted by MrJiveBoJingles
I think he is more like one of those "Jesus is coming back to toss you into hell" people.

Although I suppose the two ideas might not exclude one another.

Posted by Trance Nutter on Sep-30-2008 12:31:

It caused Australia's to take a drop too.

if you got stocks, hold onto them and ride it out. Don't panic and sell.

Posted by elFreak on Sep-30-2008 12:33:

asian markets took a bit of a beating as well.

Posted by Lira on Sep-30-2008 12:36:

quote:
Originally posted by MrJiveBoJingles and fixed by Domesticated
I think he is more like one of those "The Large Hadron Collider is bringing Jesus back to toss you into hell" people.

Although I suppose the two ideas might not exclude one another.

Re-fixed

Posted by winston on Sep-30-2008 16:38:

quote:
Originally posted by The17sss
take it easy people... in 1987 there was a 25% drop, and the real stock market crash was about a 50% drop. It's not as scary as the media is making it out to be. When people are storming the capital building with pitchforks and malatov coctails, then it's time to worry. Hey, gas is cheaper though!

exactly, the news only makes things appear worse, turn off the tv kids.

Posted by Trancealot on Sep-30-2008 16:53:

so who decided to buy WB(Wachovia)
Last night down 80%. Today up 60%

As a quote I heard: Stocks are on sale right now.

Posted by fbgdavidson on Sep-30-2008 17:42:

If you want to buy in read about dollar cost averaging. At the end of summer '07 it was supposedly a good time to buy in, well after the ^DJI had taken a 1000pt hit it looked good, now it doesn't.

Drip feed over time and diversify instead, you won't take it up the ass so bad.

quote:
Originally posted by coolestrl
worst thing is u cant short sell at the moment as its banned

Not it isn't. Only on certain financials.

Posted by Krypton on Sep-30-2008 17:47:

quote:
Originally posted by Trancealot
so who decided to buy WB(Wachovia)
Last night down 80%. Today up 60%

As a quote I heard: Stocks are on sale right now.

They are getting bought out by Citigroup.

Posted by fbgdavidson on Sep-30-2008 17:49:

quote:
Originally posted by Trancealot
so who decided to buy WB(Wachovia)
Last night down 80%. Today up 60%

As a quote I heard: Stocks are on sale right now.

Companies that go down the shitter always react like this. It's called 'dead cat bounce'.

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