DOW UP 600pts Nice News from Wallstreet for a change! Lets be optimistic!

ruaround

Active Member
HOOOOOORAY!!! im only down 15k now... ON ONE STOCK!!!
dont even want to go over the rest of my portfolio... or my IRA of 401K...
 

miaheatlvr

Active Member
Originally Posted by ruaround
http:///forum/post/2792948
HOOOOOORAY!!! im only down 15k now... ON ONE STOCK!!!
dont even want to go over the rest of my portfolio... or my IRA of 401K...

So sorry bro, ME TOO! We are all in the same boat but we are resilient Americans!
 

lovethesea

Active Member
hopefully everyone will be optimistic when 3Q numbers come out and not cause another huge sell off.. Hopefully no one is expecting great profits after this lousy year.
 

rotarymagic

Active Member
Originally Posted by MiaHeatLvr
http:///forum/post/2792974
Well they do say NOW is a great time to buy! If you have the available capital.
Last week was the time to buy lol... Anyone else wanna start some crazy apocalypse rumors with me to cause another fire sale? HAHAHAHA
 

jdl

Member
Originally Posted by Rotarymagic
http:///forum/post/2792979
Last week was the time to buy lol... Anyone else wanna start some crazy apocalypse rumors with me to cause another fire sale? HAHAHAHA
q3 earnings will be enought to cause another drop
 

bionicarm

Active Member
Don't go nuts yet. Give it a couple days to make sure it's not just a little positive blip after a week of tanking. Better yet, I'd wait another 29 days until this stupid Presidential election is over. That's when you'll see which direction the market will turn...
 

stdreb27

Active Member
Originally Posted by bionicarm
http:///forum/post/2793044
Don't go nuts yet. Give it a couple days to make sure it's not just a little positive blip after a week of tanking. Better yet, I'd wait another 29 days until this stupid Presidential election is over. That's when you'll see which direction the market will turn...
That is when the media decided how they will cover stuff, if obama get elected suddenly the sun will come out the birds will start singing, and everything will have a good outlook. If mccain gets elected, well, can we say 8 more years of how much america sucks coverage.
 

beth

Administrator
Staff member
Yes, lets be optimistic!
It only took a trillion bucks, and still counting, to get us there.
 

stdreb27

Active Member
Originally Posted by Beth
http:///forum/post/2793639
Yes, lets be optimistic!
It only took a trillion bucks, and still counting, to get us there.

No joke, and when the $ runs out, we have to keep adding money in, unless we let the free market address the real problem. And let these institutions dissolve.
 

rotarymagic

Active Member
Any of lucky mofos pick up any shares preferred or not from Morgan Stanley when it was hot??? LOL... That's money right there..
 

acrylics

Member
Originally Posted by MiaHeatLvr
http:///forum/post/2796347
NOT LOOKING GOOD!!! What is up with this? A little consistency wold be great right now..
I may be wrong but I don't suspect there will be any consistency until there is much more clarity as to what's going on. If there's one thing the market doesn't like - it's uncertainty. If the market knew exactly what was going on and how long it was going to last, we wouldn't be this low.
Personally, I don't think the market has bottomed yet as there won't be any consistency for at least 6 months, probably 12.
That said, we did start buying a little last Friday AM. "They" are throwing the baby out with the bath water in many cases and in a few years - I think many of these prices today will be considered steals. Of course I may be wrong and in a few years some of these companies won't be around so do you homework if buying. I'd like to put more money to work but patience is imperative here IMO.
 

rylan1

Active Member
The market and the economy sucks... I know this because it has been effecting me personally. I've noticed a difference in my paycheck this year ... I work directly in business 2 business sales... But I have just learned I will be laid off in a month... And I work for AT&T which is a top 5 company.
 
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