Whiskey Tango Foxtrot is up with the stock market.

[stroked4eyes]

This is weak man...Frank is trying not to pay me my winnings for the skins beatdown I issued him because his 401K is tankin'

This stock market is bullshit! I am glad I e*traded all my shit on November 4th or all I'd have left is change to believe in.

[mustang8998]

This is weak man...Frank is trying not to pay me my winnings for the skins beatdown I issued him because his 401K is tankin'

This stock market is bullshit! I am glad I e*traded all my shit on November 4th or all I'd have left is change to believe in.

I think we will all be left, with only change! :eek:

[latamud]

Good time to buy.

[DeckerEnt]

It is a good time to buy. There alot of bargains out there right now.
Keith

[Gearhead]

It is a good time to buy. There alot of bargains out there right now.
Keith

You got that right, just wish I had more $$$$$$$

[mach_u]

Sold up just as things were starting to go south last year. So glad I did! :) Rather own more assets/no debt and less useless stock right about now.

[DeckerEnt]

Useless stock right now yes, but you still would have owned shares. When the economy rebounds and stock prices rise, you will wish you didn't sell it all and wish you bought more at the low prices right now!! There is alot of money to be made even in this downturn.
Keith

[04 Venom]

You are right Keith, but it takes courage to buy into a market like this one. I don't think there is an historical antecedent for this market.

[mach_u]

Useless stock right now yes, but you still would have owned shares. When the economy rebounds and stock prices rise, you will wish you didn't sell it all and wish you bought more at the low prices right now!! There is alot of money to be made even in this downturn.
Keith
Right now, I'm just happy to owe not much of anything to anybody. I'm afraid there are going to be plenty people that have shares that aren't worth a dime, getting their houses foreclosed on because they can't afford their bills. I would much rather be financially flush right now. I sold before it went under 10, so I have a little wiggle room to make a profit when I feel like taking a gamble. ;) Now we can get by just fine on one income and I feel comfortable with whatever the economy throws our way. :bigthumb

[DeckerEnt]

You made a good move getting out when you did. But for the people who didn't, it would be unwise to cash out now. Just saying that when the market rebounds, all the lost value will return. It just takes time. And a little luck.
Keith

[02mingryGT]

You made a good move getting out when you did. But for the people who didn't, it would be unwise to cash out now. Just saying that when the market rebounds, all the lost value will return. It just takes time. And a little luck.
Keith


Market could go down to 3000 to 5000. At this point you might as well hold your stocks. If you got out last summer :bigthumb

[04 Venom]

You made a good move getting out when you did. But for the people who didn't, it would be unwise to cash out now. Just saying that when the market rebounds, all the lost value will return. It just takes time. And a little luck.
Keith

Anyone who claims that they can "time the market" is bullshitting you. I am down nearly $120K; the only bright side is I am buying the mutual funds at a significant discount from a year ago. Still, it is tough trying to be disciplined about this market when fear is so rampant. General Electric just cut their dividend for the first time since 1938. 2009 will be tough for everyone whether you own stocks or not.

[05yellowgt]

I don't think we are anywhere near the bottom yet. Each time the there is more money released or another stimulus announcement or even as much as a Press Conference by the President the markets respond by dropping another couple of hundred points.

[IWRBB]

I stopped investing in my 401K over a month ago, screw buying stock that will just tank in value for months on end. I'll wait a year and buy those same shares for pennies on the dollar, since they all they'll be worth soon.

[04 Venom]

I don't think we are anywhere near the bottom yet. Each time the there is more money released or another stimulus announcement or even as much as a Press Conference by the President the markets respond by dropping another couple of hundred points.

Sad but true for the short term. Another unpublicized factor that is a drag on the market is the "stress test" the government is conducting of the largest banks receiving bailout money so far. Don't be surprised if several of the banks are declared insolvent because they continue to overvalue their assets to avoid failing.

The current financial crisis will do more to change the world than any event since WW II. A "new world order" will emerge.

[02mingryGT]

The problem is if the government stayed the hell out of it we would be better off today stock wise and economy wise.

[04 Venom]

The problem is if the government stayed the hell out of it we would be better off today stock wise and economy wise.

At this point, the only thing preventing the total collapse of the world financial markets is the US government's ability and willingness to hold the line--at a horrific price, but the alternative is much worse. Strike that--there is no alternative.

What are the two most sought after investments right now? Gold and US government securities. What does that tell us? China and Japan, in particular, have significantly increased their holdings. Despite all the idiotic rantings by Rush Limbaugh on the right and the left wing diletantes on the left, if the governement had let AIG go under last week or signaled that it was going to let the markets settle things on their own terms, it's lights out.

I am very much a deficit hawk, as past posts have consistently demonstrated, but at this point there are no other choices. We will pay dearly for leaving ourselves with no other viable option but to dump megatons of money into this faltering economy until consumer and investor confidence returns. Those that argue that the market can do this own, at this point, are re-arranging the deck chairs on the Titanic. JMHO.

[stang5slow]

At this point, the only thing preventing the total collapse of the world financial markets is the US government's ability and willingness to hold the line--at a horrific price, but the alternative is much worse. Strike that--there is no alternative.

What are the two most sought after investments right now? Gold and US government securities. What does that tell us? China and Japan, in particular, have significantly increased their holdings. Despite all the idiotic rantings by Rush Limbaugh on the right and the left wing diletantes on the left, if the governement had let AIG go under last week or signaled that it was going to let the markets settle things on their own terms, it's lights out.

I am very much a deficit hawk, as past posts have consistently demonstrated, but at this point there are no other choices. We will pay dearly for leaving ourselves with no other viable option but to dump megatons of money into this faltering economy until consumer and investor confidence returns. Those that argue that the market can do this own, at this point, are re-arranging the deck chairs on the Titanic. JMHO.




very nicely said :agree:

[331TwistedWedge]

stocks went up 379 points ... citi bank profited 2 months in a row ... could be a turn-a-round :dunno:

its a great time to buy ... market will go back to 14,200 again some day ... lots of money to be made ...

[IWRBB]

Who's got any money to buy though?

[mach_u]

stocks went up 379 points ... citi bank profited 2 months in a row ... could be a turn-a-round :dunno:

its a great time to buy ... market will go back to 14,200 again some day ... lots of money to be made ...
Someday, but I don't think any time soon. I think what we saw yesterday was more of a bear rally, than an actual end of this mess. The fact is long term trends in the stock market, mirror our true economy's position, not the other way around. I really don't believe we have begun to see the end of this yet. I realize Glenn Beck isn't for everybody, but his interview with Jim Rodgers was very interesting: http://www.youtube.com/watch?v=upG-ZKSXowU&NR=1. Another interesting read from Market Watch: http://www.marketwatch.com/news/story/Tuesday-more-a-bear-market/story.aspx?guid={F072CB1B-D990-4D3A-8F45-D92AB9FCCFFA}.