Wall Street, how low?

[thoward]

Ok, I will be the first to admit I thought we were in or around the bottom a couple months ago. Ohhh boy was I wrong and holy cow has this turned ugly or what. Sept of '02 the DJIA crash low was at 7286. You have to go all the way back to 1997 to get to 6448. Could we really loose that much money? 11 years worth? Add in inflation and the amount of money is really beyond my comprehension. This is almost unreal, how much further can it really go.....

 

[Captned]

 

[Boatsb]

Trading and speculation will drive it well below realistic levels because of panic. Too many are trying to minimize their immediate losses and make money on everyone else's panic. If it hits 7500 I will not be surprised. Pissed off but not surprised.

 

[MikeP]

I guess I'm in the minority but so far the situation has helped us. The dollar/peso is MUCH better than it has ever been since we moved here and our house payment in NY has dropped due to interest rates dropping. Since my retirement has nothing to do with the stock market at all, it is unaffected so our buying power has actually increased overall.

The only bad part is that the 700 billion buyout will probably increase our taxes!

 

[Avenger]

The price of gas isn't looking so bad anymore either.

 

[Brian Degulis]

I guess I'm in the minority but so far the situation has helped us. The dollar/peso is MUCH better than it has ever been since we moved here and our house payment in NY has dropped due to interest rates dropping. Since my retirement has nothing to do with the stock market at all, it is unaffected so our buying power has actually increased overall.

The only bad part is that the 700 billion buyout will probably increase our taxes!

Exactly right This is what I keep telling my mom (76 years old) living in LI NY. She sitts around watching CNN and calls me every day in a panic. I got her out of the market and into things completly safe about 2 years ago. I keep telling her that this if anything will be good for her. Everything will go down in cost including heating oil.

If your not invested and if your income will not be affected you will probably be better off thanks to lower costs of everything.

Brian

 

[krush]

Heh, real money isn't being lost...it was all based on credit.


Keep going down-----needs more jumpers.

 

[captddis]

Yup, I am waiting for everyone who always told me how stupid I am for only getting 4.75% on my insured CD's to tell me how much their stocks are down. Then I am going to fuel the boat and go cruising.

 

[krush]

Yup, I am waiting for everyone who always told me how stupid I am for only getting 4.75% on my insured CD's to tell me how much their stocks are down. Then I am going to fuel the boat and go cruising.

That's better than my hole in the ground

 

[Brian Degulis]

Yup, I am waiting for everyone who always told me how stupid I am for only getting 4.75% on my insured CD's to tell me how much their stocks are down. Then I am going to fuel the boat and go cruising.

That's right and hopefully most of your customers will do the same. Then things will start to break again and you may not have the time to do as much cruising as you would like!!!.

I've always felt that reall people should not invest in paper that they don't really understand. Reall people should invest in reall things the kind of stuff you understand stuff you can touch stuff that simply can't lose all it's value because some fat bald stuffed suit on Wall Street says so.

BTW real people also like dogs!!!

Brian

 

[Genesis]

If you're trapped we are due for a bounce - it may have started today.

Just don't hang around too long.

 

[Avenger]

If you're trapped we are due for a bounce - it may have started today.

Just don't hang around too long.

My thinking exactly. Thanks for the confirmation.

 

[Genesis]

Let me put it this way - if they don't unstick LIBOR - and fast - there won't be anything coming over from places like China within the next couple of weeks, and delivery of things like FOOD may be impacted, as commercial credit is seizing from the outside in. So far consumers aren't seeing it and neither are most small businesses, nor are the huge superconglomerates (think GE.) However, everyone in the middle is another situation entirely, especially if you have financial exposure.

You draw your own conclusions on what that does to the markets (and everything else) if it occurs.

For what its worth things eased up A BIT today, but not much. This is the "real deal" - not the stock market. The talking heads are all playing "blue sky and no clouds"..... uh, no.

 

[captddis]

That's better than my hole in the ground

Plus you don't have to worry about the coffee cans rotting out.

 

[thoward]

If you're trapped we are due for a bounce - it may have started today.

Just don't hang around too long.

We're stuck in it due to venture capitol investment, no way to pull out. Actally we started putting everything extra in today. Hell, what is the worst that can happen? BO is going to take care of us all anyway.

 

[Brian Degulis]

Real dogs???? My Yorkie is small but when he grabs the cohonies the big dogs give up quick. I hate to say this but hot chicks like fast boats like a 46c not barges. Stop by BYC this weekend and you can see the wonder dog and buy me lunch also. Dave

Who said anything about reall dogs? I said reall people all dogs are reall it's only people that vary?

Brian

 

[captddis]

Who said anything about reall dogs? I said reall people all dogs are reall it's only people that vary?

Brian

My bad. I re read the post. Maybe I am dyslexic! I guess I owe you lunch.

 

[Brian Degulis]

Hey Dave Don't be to hard on yourself I've heard that happens as you get older.

Brian

 

[krush]

Guys, you don't need to worry! It's only a loss if you sell!!!!! note: SARCASM

People on the interweb forums seriously say "my 401k is down 40% this year, but it's ok, it's not a real loss"


haha, sold to you, morons.

 

[thoward]

Guys, you don't need to worry! It's only a loss if you sell!!!!! note: SARCASM

People on the interweb forums seriously say "my 401k is down 40% this year, but it's ok, it's not a real loss"


haha, sold to you, morons.

Spoken like a true talking head.....If your insight is so valueable, just why is it you are working for someone else?