Well, the stock market is taking a crap

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  • BRISK
    Too lazy to set a custom title
    • Feb 2003
    • 12240
    #1

    Well, the stock market is taking a crap

    Dow is down over 3% today and still dropping.
    I post on GFY so that when people ask me what I do,
    I can tell them that I work with the mentally retarded.
    Tags: None
    • B40
      Confirmed User
      • Jul 2001
      • 7020
      #2
      Ouch....it's just giving back some of it's gains from last week

        Comment

        • G Sharp
          So Fucking Banned
          • May 2002
          • 1343
          #3
          Perfect time to short stocks, right now. My suspicion is that 5,000 to 6,000 DJIA is achievable within a year/year & a half

            Comment

            • BRISK
              Too lazy to set a custom title
              • Feb 2003
              • 12240
              #4
              Originally posted by B40
              Ouch....it's just giving back some of it's gains from last week
              Yeah, sucks though. I don't mind it giving up some gains, but the 3% mark is a lot for 1 day.
              I post on GFY so that when people ask me what I do,
              I can tell them that I work with the mentally retarded.

                Comment

                • FlyingIguana
                  aspiring banker
                  • Mar 2002
                  • 10870
                  #5
                  i haven't checked out cnbc today, but i'm assuming its just profit taking. maybe some concerns that the war won't go over so easy. US$ seems to be a bit weaker today, so there must be some concerns about the war.

                    Comment

                    • KRL
                      Entrepreneur
                      • Oct 2002
                      • 31429
                      #6
                      Any of you guys around in October '87 when it tanked 25% overnight. Hehehe that was a real eye opener.
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                        • G Sharp
                          So Fucking Banned
                          • May 2002
                          • 1343
                          #7
                          Originally posted by KRL
                          Any of you guys around in October '87 when it tanked 25% overnight. Hehehe that was a real eye opener.
                          And cash money maker for the true pimps that swooped in.

                          I wouldn't go in the market right now unless I'm shorting. I'd say the real playas will cash in when the market corrects itself at 6,000 or 5,000.

                            Comment

                            • FlyingIguana
                              aspiring banker
                              • Mar 2002
                              • 10870
                              #8
                              Originally posted by G Sharp


                              And cash money maker for the true pimps that swooped in.

                              I wouldn't go in the market right now unless I'm shorting. I'd say the real playas will cash in when the market corrects itself at 6,000 or 5,000.
                              unless something drastic happens, the dow won't see 6k. stocks aren't a value right now overal, but i don't see it dropping that much. most likely to be going sideways for a while.

                                Comment

                                • BRISK
                                  Too lazy to set a custom title
                                  • Feb 2003
                                  • 12240
                                  #9
                                  Originally posted by FlyingIguana


                                  unless something drastic happens, the dow won't see 6k. stocks aren't a value right now overal, but i don't see it dropping that much. most likely to be going sideways for a while.
                                  I agree. The market aint gonna do anything spectacular in 2003.
                                  I post on GFY so that when people ask me what I do,
                                  I can tell them that I work with the mentally retarded.

                                    Comment

                                    • benthompson
                                      Confirmed User
                                      • Mar 2002
                                      • 553
                                      #10
                                      that was obvious that it would go down
                                      No signature.. I am bored of the signatures aswell..

                                        Comment

                                        • hershie
                                          Confirmed User
                                          • Jun 2002
                                          • 4642
                                          #11
                                          Originally posted by BRISK


                                          I agree. The market aint gonna do anything spectacular in 2003.
                                          The market has never had 3 years in a row of decline. Hope history has bearing; my mutual funds have taken enough of a pounding.

                                            Comment

                                            • Mutt
                                              Too lazy to set a custom title
                                              • Sep 2002
                                              • 34431
                                              #12
                                              ben what's up with this shopping cart software of yours? I clicked on the link and it's dead.
                                              I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

                                                Comment

                                                • reynold
                                                  Too lazy to set a custom title
                                                  • Oct 2002
                                                  • 51271
                                                  #13
                                                  When you have the money to do it, just take options. (puts/calls)

                                                    Comment

                                                    • hershie
                                                      Confirmed User
                                                      • Jun 2002
                                                      • 4642
                                                      #14
                                                      Originally posted by reynold
                                                      When you have the money to do it, just take options. (puts/calls)
                                                      Sounds extremely risky compared to slow and steady in equities.

                                                        Comment

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