Stock Market - Summer 2007

[Zipp0 1]

Without even looking at that, I can tell you that for someone close to retirement, $100,000 in deposit insurance and $250,000 for an IRA doesn't amount to shit. Try to live on that for 20 years in retirement.

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Chuck Norris doesn't do push-ups, he pushes the Earth down.

[Casurf1978 0]

We're not talking about retirement, just stating some facts about the FDIC and our banking system. I, like most Americans and pretty much the World have confidence in our economy, stock market and banking system. What happened the last week or two was a simple correction movement. Look at how most of the major indices ended up today.

http://quotes.nasdaq.com/asp/GlobalIndices_World.asp

[kelpdiver 2]

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Without even looking at that, I can tell you that for someone close to retirement, $100,000 in deposit insurance and $250,000 for an IRA doesn't amount to shit. Try to live on that for 20 years in retirement.

You can use multiple banks. I wouldn't put it all in one location in any event.

[Zipp0 1]

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Without even looking at that, I can tell you that for someone close to retirement, $100,000 in deposit insurance and $250,000 for an IRA doesn't amount to shit. Try to live on that for 20 years in retirement.

You can use multiple banks. I wouldn't put it all in one location in any event.

And I probably will, when the time comes. Right now I don't have to worry about such things - but might need to in the future.

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Chuck Norris doesn't do push-ups, he pushes the Earth down.

[joedirt 0]

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The hard part will be knowing whan to jump back in. At this point, I'm out for at least a few more days.

That's funny. Reminds me of a sitcom I saw once.

Husband: "We should sell".

Wife: "No, we're in this for the long term... at least two or three weeks".

[GQ_jumper 4]

What happened the last week or two was a simple correction movement.

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I was waiting to see who would call that one first! The market just outpaced its support and is scaling itself back to even itself out, nothing more. Anytime the market drops a few days in a row people are screaming about another collapse and everyone goes into panic mode and starts making irrational decisions wih their investments. Unless you're a day trader all you need to do is weather the storm, if you made good decisions to begin with and put your mney in solid investments you have nothing to worry about.

History does not long entrust the care of freedom to the weak or the timid.
--Dwight D. Eisenhower

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[Casurf1978 0]

Very well put, and the following backs up what you're saying. It's using 80 years worth of history.

http://www.icmarc.org/xp/rc/marketview/chart/2006/20060616sp500snapshots.html

I've used the S&P 500 since the Dow is not really representative of our markets. If you're a long-term investor you'll be fine.

[jpjc2000 0]

On the upside, or to look at the glass as half full, this is a great time to buy...but be selective.

[algboy 0]

"All bank accounts are protected under the FDIC."

Good luck with that . . . better make sure you're first in line when the meat hits the fanblade.

[NCclimber 0]

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On the upside, or to look at the glass as half full, this is a great time to buy...but be selective.

Nice call.

To the 19 posters who were bearish, do you still think things are bad?

[kelpdiver 2]

it's not clear sailing yet. Rate cuts always have a nice short term spike. There is still a hangover to come from all the badly issued cheap credit.

What's clear is that the August fun was a technical failure, relating to bad hedgies having to unwind rather than relating to the national economy.