DOW below 10,000 for the first time in 4 years

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-- DOW below 10,000 for the first time in 4 years
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Posted by iammesol on Oct-06-2008 15:37:

DOW below 9,000 for the first time in 5 years

Are we all going to die?

You can track the progress at www.bloomberg.com

Posted by verndogs on Oct-06-2008 15:39:

it's bargain hunting time

Posted by mezzir on Oct-06-2008 15:48:

I just started investing earlier this year
Gah and the companies I have stock in keep coming out with ok to good news, but there's just no fucking confidence, everyone's selling everything god damnit.

Posted by T-Soma on Oct-06-2008 15:52:

you shall all be sucking dick for crack in no time!

Posted by elFreak on Oct-06-2008 16:08:

quote:
Originally posted by verndogs
it's bargain hunting time

if you wait just a little longer you will get better ones.

Posted by Sunsnail on Oct-06-2008 16:11:

quote:
Originally posted by mezzir
I just started investing earlier this year
Gah and the companies I have stock in keep coming out with ok to good news, but there's just no fucking confidence, everyone's selling everything god damnit.

same

Posted by elFreak on Oct-06-2008 16:13:

never invest money you are not ready to lose.

Posted by Sunsnail on Oct-06-2008 16:16:

I'm ready to lose it, but it still sucks. Looks like I'm in for the long haul

Posted by bigsnail on Oct-06-2008 16:20:

quote:
Originally posted by elFreak
if you wait just a little longer you will get better ones.

yup

Posted by mezzir on Oct-06-2008 16:20:

quote:
Originally posted by Sunsnail
I'm ready to lose it, but it still sucks. Looks like I'm in for the long haul

same
i was honestly considering initally putting this money towards blackjack so i'm not terribly worried about it
gah i just wish i had the cash right now to expand on some of my positions, there's a few stocks I got that seem ridiculously undervalued right now, but oh well :/

Posted by elFreak on Oct-06-2008 16:23:

if you had the cash to expand it would be unwise considering you seem to not be in a position to take gambles. Save the investing for when you are more financially secure. Greed is what got everyone ignoring the fact that sustainable exponential growth was impossible in the first place.

you seem smarter than that.

Posted by gehzumteufel on Oct-06-2008 16:24:

quote:
Originally posted by elFreak
never invest money you are not ready to lose.

An old friend said to never loan money you can't afford to lose. This was one of the best things I have ever heard with regards to this type of thing.

Posted by tubularbills on Oct-06-2008 16:24:

BUY BUY BUY
SELL SELL SELL
BLAH BLAH BLAH

LOLOLOLOLOLOLOL

Posted by Sunsnail on Oct-06-2008 16:25:

I wish I had some more money so that I could catch this falling knife

Posted by mezzir on Oct-06-2008 16:29:

Posted by iammesol on Oct-06-2008 17:18:

below 9800 now

Posted by Krypton on Oct-06-2008 17:19:

quote:
Originally posted by verndogs
it's bargain hunting time

Yes it is...

Posted by TranceGiant on Oct-06-2008 17:22:

Is this the end?
My friend?

Posted by elFreak on Oct-06-2008 17:22:

you have no money...lol

real investing is not like the play investing you do.

do not make me dig up the thread where yo do not have 15$ for web hosting.

Posted by H.S. Economist on Oct-06-2008 17:25:

quote:
Originally posted by TranceGiant
Is this the end?
My friend?

LOL, you idiot. This is just a normal boom and bust cycle, my teacher, who is also a home-ec teacher, said so.

brb, i'm playing on marketocracy.

Also, all you alarmists need to calm down. everything is fine... it's not like this is anything NEW.

Posted by elFreak on Oct-06-2008 17:26:

can your home ec teacher make good cakes?

also : hi krypton.

Posted by H.S. Economist on Oct-06-2008 17:29:

quote:
Originally posted by elFreak
can your home ec teacher make good cakes?

DUH. He's like... multi talented. He's also voting for BOB BARR. This is who i'm voting for also.

My stocks are doing badly on marketocracy, i must tend to it... bbl

Posted by Arbiter on Oct-06-2008 17:46:

Re: DOW below 10,000 for the first time in 4 years

quote:
Originally posted by iammesol
Are we all going to die?

Did we all die 4 years ago?

Posted by denys envy on Oct-06-2008 17:54:

Re: DOW below 10,000 for the first time in 4 years

quote:
Originally posted by iammesol
Are we all going to die?

yes... of aids...

Posted by winston on Oct-06-2008 18:24:

quote:
Originally posted by elFreak
if you had the cash to expand it would be unwise considering you seem to not be in a position to take gambles. Save the investing for when you are more financially secure. Greed is what got everyone ignoring the fact that sustainable exponential growth was impossible in the first place.

you seem smarter than that.

well, in the US (with such a potential and productive group of sectors - labour & service, technological, scientific et al) sustainable exponential growth is possible with moderate government intervention.

what got the economy into this mess were not the decisions of 'regular' ordinary people with nine to five's, but of those who wanted to live 'beyond their means', and the banks and institutions who lent and borrowed excessive amounts of financial assests that in reality they couldn't afford.

The economy is entering or has entered a 'recession' period, while there might not be exponential growth at least there will be 'some' growth. this economy is not coming down so easily, jason. your hopes of seeing america fail will not come to reality, at least not in my lifetime. that i assure you.

there is no place like america...no place

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