ntrprnr 0 #1 February 28, 2007 Anyone else catch what the market did today? Jesus!! Worst one day drop since the first day of trading after 9/11. I mean, OUCH._______________ "Why'd you track away at 7,000 feet?" "Even in freefall, I have commitment issues." Quote Share this post Link to post Share on other sites
skinnyshrek 0 #2 February 28, 2007 QuoteAnyone else catch what the market did today? Jesus!! Worst one day drop since the first day of trading after 9/11. I mean, OUCH. Just means buying a discount tomorrow. That is why i have a roth IRA much safer than individual stockshttp://www.skydivethefarm.com do you realize that when you critisize people you dont know over the internet, you become part of a growing society of twats? ARE YOU ONE OF THEM? Quote Share this post Link to post Share on other sites
ACMESkydiver 0 #3 February 28, 2007 QuoteAnyone else catch what the market did today? Jesus!! He isn't going to help you Peter; you're Jewish. Ok thanks I needed a giggle. ~Jaye Do not believe that possibly you can escape the reward of your action. Quote Share this post Link to post Share on other sites
ntrprnr 0 #4 February 28, 2007 Quote Just means buying a discount tomorrow. That is why i have a roth IRA much safer than individual stocks I'd give it till at LEAST Friday before rushing in and buying. Nikkei was down over 2.9% today... London will drop as well... It'll reverb back here for another 48 hours. All because Greenspan burped. WHAT THE HELL IS HE STILL DOING TALKING?!? AND TALKING IN ASIA, NO LESS? This man SERIOUSLY needs to stop talking. At least when Bernanke talks, no one takes him seriously._______________ "Why'd you track away at 7,000 feet?" "Even in freefall, I have commitment issues." Quote Share this post Link to post Share on other sites
skinnyshrek 0 #5 February 28, 2007 you think he said that by accident i am sure he gets paid of companies to say shit he could come on tv tomorrow and say i am buying home depot stock...Corrupt as hell. That is why i dont do individual stocks anymorehttp://www.skydivethefarm.com do you realize that when you critisize people you dont know over the internet, you become part of a growing society of twats? ARE YOU ONE OF THEM? Quote Share this post Link to post Share on other sites
ntrprnr 0 #6 February 28, 2007 Quoteyou think he said that by accident i am sure he gets paid of companies to say shit he could come on tv tomorrow and say i am buying home depot stock...Corrupt as hell. That is why i dont do individual stocks anymore You know what? Virtually anyone else, I'd believe you. But there's something just... I dunno... Trustworthy about Greenspan. I just don't think he's like that. Everyone else in the administration? Hell yes. But not Greenspan. I dunno. Maybe I'm idealistic about him. :)_______________ "Why'd you track away at 7,000 feet?" "Even in freefall, I have commitment issues." Quote Share this post Link to post Share on other sites
skinnyshrek 0 #7 February 28, 2007 everyone has their price. He can effect the market by one statement. Seriously, his salary is not that impressive. I believe he, if the right circumstance comes along could be bought. That is just me...http://www.skydivethefarm.com do you realize that when you critisize people you dont know over the internet, you become part of a growing society of twats? ARE YOU ONE OF THEM? Quote Share this post Link to post Share on other sites
Broke 0 #8 February 28, 2007 I have been looking at the forign currancy exchange game lately. The Iraqi central bank has announced it is now illeagle to remove Iraqi Dinar out of the country. So now the free currancy out there is overpriced. Way more than wha the exchange rate says it should be, but seeing as though you have to hold on to it so you don't get spanked with capital gains in a years time it should be worth itDivot your source for all things Hillbilly. Anvil Brother 84 SCR 14192 Quote Share this post Link to post Share on other sites
lawrocket 3 #9 February 28, 2007 It was an inevitable market correction that would happen sooner or later. Let's hope it's the correction we need and not merely a burp from the spooked. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
Gene03 0 #10 February 28, 2007 Does the old adadge,; "Nothing in politics or business happens by chance", ring a bell to anybody?“The only fool bigger than the person who knows it all is the person who argues with him. Stanislaw Jerzy Lec quotes (Polish writer, poet and satirist 1906-1966) Quote Share this post Link to post Share on other sites
tdog 0 #11 February 28, 2007 Quote Just means buying a discount tomorrow. That is why i have a roth IRA much safer than individual stocks Yes, I always buy on downturns. And my Roth IRA investments fell more than my taxable investments, but just because of the type of investments in my IRA... But I don't get your comment about a Roth IRA and individual stocks... You can have stocks, bonds, mutual funds, annuities, CDs, money markets, etc in a Roth IRA... None of them are safer than in a taxable account, the only thing the IRA gives is tax advantages when you make money... So, why is it safer? Quote Share this post Link to post Share on other sites
JohnMitchell 16 #12 February 28, 2007 Quote So, why is it safer? Because he's ignoring it all until he retires! Is it time to buy bonds again? Quote Share this post Link to post Share on other sites
wmw999 2,600 #13 February 28, 2007 It might be the worst one-day drop in 5 1/2 years, but in percentage terms (which matters), it's the 37th worst one-day drop in the last 50. That's not real impressive. Let's give it a few days and see what happens. The ability of easy news and computer trading makes it a whole lot easier for people to overreact. The business report last night said that a lot of sell orders looked like "sell something, I don't care what" orders, rather than targeted orders based on somelike like information. Wendy W.There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown) Quote Share this post Link to post Share on other sites
NickDG 23 #14 February 28, 2007 Bush visits the floor of the stock exchange for the first time and a few weeks later POOF! The guy's a Jonah . . . NickD BASE 194 Quote Share this post Link to post Share on other sites
skinnyshrek 0 #15 February 28, 2007 QuoteQuote So, why is it safer? Because he's ignoring it all until he retires! Is it time to buy bonds again? I have about 26 years to go before i retire. Buying individual stocks is not as safe as mutuals or roth IRAs. That's is why yesterdays downfall doesn't reallt effect me. Unless it keeps happening for the next 26 yearshttp://www.skydivethefarm.com do you realize that when you critisize people you dont know over the internet, you become part of a growing society of twats? ARE YOU ONE OF THEM? Quote Share this post Link to post Share on other sites
airtwardo 7 #16 February 28, 2007 Is it time to buy bonds again? Quote As a 'long term' investor, I'm never bothered by the blips and corrections the market occasionally makes... I have nearly everything solidly into 'Wax Lips' futures and just know I'll be laughing all the way to the bank, as long as the Global Warming trend doesn't 'liquidate' my entire portfolio! ~ If you choke a Smurf, what color does it turn? ~ Quote Share this post Link to post Share on other sites skinnyshrek 0 #17 February 28, 2007 Hurrican season will be here soon invest in home depothttp://www.skydivethefarm.com do you realize that when you critisize people you dont know over the internet, you become part of a growing society of twats? ARE YOU ONE OF THEM? Quote Share this post Link to post Share on other sites 2fat2fly 0 #18 February 28, 2007 I've always felt that one of the major causes of the crash of 29 was that too many yahoos were investing in stocks and were too skittish. I think that a lot of that happens now. Dow up, dow down, I didn't sell anything yesterday so I didn't lose any real money. Unless you're planning on liquidating soon-it's all fantasyI am not the man. But the man knows my name...and he's worried Quote Share this post Link to post Share on other sites SkyDekker 1,465 #19 February 28, 2007 QuoteAll because Greenspan burped. The media here is reporting the 'adjustment" is due to a rumour floating around that the Chinese government was going to implement a 20% capital gains tax. If that truly is part of the cause, two things are pretty amazing. 1) How much wealth can go up in smoke due to a rumour. 2) how much influence China has over the rest of the world. Quote Share this post Link to post Share on other sites Buried 0 #20 February 28, 2007 Quote2) how much influence China has over the rest of the world. buy stock in china / chinese investments for LT... seriously Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites Muenkel 0 #21 February 28, 2007 Quote2) how much influence China has over the rest of the world. Ironically, I had Chinese food for dinner last night. Go figure. Chris _________________________________________ Chris Quote Share this post Link to post Share on other sites JohnMitchell 16 #22 March 1, 2007 QuoteI've always felt that one of the major causes of the crash of 29 was that too many yahoos were investing in stocks and were too skittish. I think that a lot of that happens now. Dow up, dow down, I didn't sell anything yesterday so I didn't lose any real money. Unless you're planning on liquidating soon-it's all fantasy In '29, a lot of purchasing was done on a margin, in other words, credit secured not by real property, but hanging on the future value of the very stock itself. It all feel in like a house of cards. Supposedly Joe Kennedy, Sr. heard his shoe shine man swapping hot stock tips one day. Joe realized at this point the market was over hyped and sold everything. He survived the crash in style, with a huge pile of cash. Quote Share this post Link to post Share on other sites Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. Reply to this topic... × Pasted as rich text. Paste as plain text instead Only 75 emoji are allowed. × Your link has been automatically embedded. Display as a link instead × Your previous content has been restored. Clear editor × You cannot paste images directly. Upload or insert images from URL. Insert image from URL × Desktop Tablet Phone Submit Reply 0
skinnyshrek 0 #17 February 28, 2007 Hurrican season will be here soon invest in home depothttp://www.skydivethefarm.com do you realize that when you critisize people you dont know over the internet, you become part of a growing society of twats? ARE YOU ONE OF THEM? Quote Share this post Link to post Share on other sites
2fat2fly 0 #18 February 28, 2007 I've always felt that one of the major causes of the crash of 29 was that too many yahoos were investing in stocks and were too skittish. I think that a lot of that happens now. Dow up, dow down, I didn't sell anything yesterday so I didn't lose any real money. Unless you're planning on liquidating soon-it's all fantasyI am not the man. But the man knows my name...and he's worried Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #19 February 28, 2007 QuoteAll because Greenspan burped. The media here is reporting the 'adjustment" is due to a rumour floating around that the Chinese government was going to implement a 20% capital gains tax. If that truly is part of the cause, two things are pretty amazing. 1) How much wealth can go up in smoke due to a rumour. 2) how much influence China has over the rest of the world. Quote Share this post Link to post Share on other sites
Buried 0 #20 February 28, 2007 Quote2) how much influence China has over the rest of the world. buy stock in china / chinese investments for LT... seriously Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites
Muenkel 0 #21 February 28, 2007 Quote2) how much influence China has over the rest of the world. Ironically, I had Chinese food for dinner last night. Go figure. Chris _________________________________________ Chris Quote Share this post Link to post Share on other sites
JohnMitchell 16 #22 March 1, 2007 QuoteI've always felt that one of the major causes of the crash of 29 was that too many yahoos were investing in stocks and were too skittish. I think that a lot of that happens now. Dow up, dow down, I didn't sell anything yesterday so I didn't lose any real money. Unless you're planning on liquidating soon-it's all fantasy In '29, a lot of purchasing was done on a margin, in other words, credit secured not by real property, but hanging on the future value of the very stock itself. It all feel in like a house of cards. Supposedly Joe Kennedy, Sr. heard his shoe shine man swapping hot stock tips one day. Joe realized at this point the market was over hyped and sold everything. He survived the crash in style, with a huge pile of cash. Quote Share this post Link to post Share on other sites
