Lensman

Damn I'm glad porn is recession-proof.

The dow is down 626 points right now. The Nasdaq is down 95.

zip

how many percent is that?

12clicks

it will bounce back to -150 by day's end.

Nasdaq

Well i think this is a question for me.

My guess is that in a few weeks the Dow will be over 10.000 Points again. So don´t Panic. Hold your stocks, or better buy more.

And the Nasdaq will recover even faster.

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Nasdaq
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-=HUNGRYMAN=-

I tell ya ... If I had the ca$h, I'd be in NYC buying me some bargain stocks today !!!

Once the war is over ... you watch those bad boyz QUADRUPLE in value ... might have to play the waiting game for a few years ... but it would definately pay off !!!


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We're Comin' To Get Ya !!!
The Black Sheep of the Boneprone Family
I like to rub lemon jelly on my nipples :D

Sjayne

Airline Stocks. If I could find out a way I would buy a few in the bigger airlines and sit on them.

Rip

I think it will mirror the overseas markets, there will be some initial selling maybe even for the whole first session (almost) then things will stabilize, tomorrow there will be more gains and should almost bounce back to recover the losses


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-=HUNGRYMAN=-

Hey RIP ... your signature is broken

I disagree .... with a world war emminant, the global economy will not "bounce back" ... it will take a few years for the economies to recover, and after the war, we can look forward to a BOOM in the economy ...
Yes this is a shitty way to boost the ecomomy, but look at the previous track record ... War is good for boosting the economy ...

Anybody reading this post, who has a little nest egg that they are sitting on ... you will never have opportunity to capitalize on the markets like this again in our lives ... buy some bargain blue chips in the coming week ... you will have to sit on them for several years, but if you take my advice, you will be buying me beers thanking me one day ...

Hell ... if you don't want to play the markets, LEND ME THE MONEY ... I will split the eventual proceeds 50-50 with you !!!

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We're Comin' To Get Ya !!!
The Black Sheep of the Boneprone Family
I like to rub lemon jelly on my nipples :D

Wizzo

I have a feeling we are near the bottom, we should see a up swing this afternoon, probley not into positive territory...

Because I'm sure I'm not the only bargan hunter buying today

Rivux

Its a deal hungryman....20 bucks and the win2k cd are on the way.

I expect you to double that 20 bucks! Daddy has got to buy a new pair of thongs!

XM

Well I wouldn't be too optimistical. Todays results won't be too good or too bad, but I am afraid about middle term numbers. When we imagine that American GDP has continuously grown for more than 10 years and within that time DOW jumped from about 3.000 points to 10.000 and more, I can imagine a situation that after first maroeconomic reports that US economy felt into recession (only 0.1% GDP grow last quarter...) DOW falls down pretty under 8.000 points within few months...
XM

porn is good

it's funny how so many americans are trying to profit off this now. "selling short on airline stock" I wonder when the idiots will realise that after so many people are trying to do that, there won't be any way to recover.

Ah the patriotic american, still willing to sell its mother for a buck.

nbritt

I think I would consider airline stocks right now considering congress is going to pass about 1.2 billion in financial assistance for the airlines on thrusday the dow is only down 5 %

[email protected]

Rob Roy

Re: Selling airline stocks short --
If enough people do that, it will almost guarantee that they'll lose money and the stocks will go back up. You make money with short selling when everyone else thinks a stock is going up. Because when everyone thinks it's going up, it will have reached its peak.

It's quite possible that airline stocks will take a real tumble now, but in order to sell short, you have to find a buyer, and if everyone is pessimistic, you will have to pay quite a premium to find a buyer for your short sell. Then, when the stocks stabilize and you realize you might lose money, you'll have to enter the market and buy those suckers -- which only lets drive their prices UP more .

God I love the stock market. It is virtually a law of how it works that when a huge majority think it will do one thing, it will actually do the opposite!

Gary

Boeing is getting hit hard, down about 7 bucks so far. Thats a good bye, Boeing is going nowhere.
ooops, i mean GOOD BUY
LOL

[This message has been edited by Gary (edited 09-17-2001).]

stangster

DOW -656!!

Nasdaq -100!!!!

1:57pm est

Gary

I wish i had 500 million bucks to play around with today.

s9ann0

lens who said porn is recession proof ?
has this ever been tested in regards to internet porn ?

Gary

Delta airlines down 16 bucks. LOL BUY!!!!!

x3m

Boeing sales will drop along with the drop in Airline ticket sales around the world. I am affraid going short on Boeing is the way to go, at least for short run.

Gary

Agreed, but there's gonna be lots of ups and downs in the stock price as investors try to figure out if its bottomed out yet. They are not going out of business, so its a good stock to play roller coaster games with.

JakeR

its funny reading what you idiots have to say about selling short right now. If everyone starts selling short where the fuck do you think the economy will be?

pissants with 100$ in an e-trade account thinking they are brokers now.

x3m

LOL. You sound exactly like the guy with $100 LEFT in the e-trade account after trying
to buy on margin today.

Economy will be exactly where it is supposed to be. Although stock trading has a lot to do with perceived value of the equity in question, its long-term value is based on the real numbers. Unfortunately, those numbers don?t look too good in the Airline business right now.

JakeR

hey you 18 hour a day tgp poster, don't talk about me buying on margin if you don't know what the fuck you're talking about

Gary

You got hostility issues.

tradermcduck

...
http://bbs.gofuckyourself.com/board/...ml/008884.html

x3m

JakeR, are you sure you're postng on the right board?

Gemini

-7%
-672.xx

JakeR

anyone else invest in northrop and lockheed this morning?

x3m

OPEN HIGH LOW VOLUME
43.46 43.46 35.45 19,693,900

LAST TRADE
35.50 3:49pm -7.96 -18.32%

HIGH LOW
70.94(12/8/00) 35.45(TODAY)

Those are pretty ugly numbers for Boeing.

Platinum Dave

Is this stock market going to have another up day this year?

I mean jesus, I am taking a fucking bath in my mutual funds and individual stock

GO UP, ONE DAY, SHOW ME ITS STILL POSSIBLE!!!!!!!!!

:-)

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Platinum Bucks
Platinum Dialers
Cash4Blind
VP, Marketing & Operations

Kimmykim

I feel your pain Dave, I really do.

BigDaddy

In '97 the Kipplinger Newsletter folks calculated the actual value of the companies being traded on the NYSE at 6500, meaning every point above 6500 was investor speculation. That was around the time the fed started warning about "the bubble".

Even if you discount Bin Laden selling short on sectors he's about to destroy (which is hard to ignore) we might be in an anti-bubble, ie: not enough growth signs to tease speculators into the game. If so, the market should sink to the value of the hard assets of the companies involved.

If we are just making public guesses, my guess would be 6500 + 4 years inflation adjustment - four jumbo jets. An unsteady decline to 7000.

BigDaddy

My mistake. It's a uninterupted decline. If you're not in for the long term it might be time to look at bear funds that sell short.

Juge

People worrying about money all the time, it's retarded that there's so many people in the market who don't know shit. The market always over-reacts to things. I guess people are in it for the short term...

For the long term, it's fucking time to buy!

btw, anyone hear about people short selling on airplane stocks? What morons, if it's true. Did people get caught doing this?

Mikey

Of course the stock market is down this week. It had been closed for 4 days while there had been alot of uncertainty in the world. Last week the world indices, nikkei, ftse, dax, eurostoxx, topix etc. were down 7%-10% so on Monday the Dow had to go lower by 7%-10%.

Then big companies announced huge layoffs. Who the fuck wants to fly? So travel is down, service industries are down, if you ain't travelling you aren't living large in Vegas. (I wonder how the hookers are doing though?) The banking and insurance sectors are being hit because of their risk exposure. The banking industry has been under pressure all year anyway.

If a bomb is dropped you are going to see more selling as people move to cash. Fuck IBM or Cisco, I need bottle water.

The key is keep your eye on the US dollar exhcnage rate. People aren't pulling their money out of stocks and taking it out of the country, they are just putting it in short term deposits, looking for a yield, any yield. They sure as hell ain't getting now in stocks. The dollar has been fairly steady through this whole crisis. If the dollar was weakening, then people would be running out of the US and putting their money elsewhere.

Traders, real trader meaning bank traders and fund manager, have a fiduciary commitment to limit their risk exposure during times of political uncertainty and chaos so if a stock is down 15% they almost have to sell it. They need to be flat. Zero risk.

The market will come back, maybe not friday or next week. We haven't found the bottom yet, but when we do...

Vengeance

That's what bothers me... by the time we get to the bottom, I'm not gonna have anything left to build back up. I just hope it stabilizes soon.

aleck

hmm... actually just before WTC tragedy _someone_ sold a shitload of shares (of companies that went down lately)
when the stock was opened _someone_ purchased even bigger shitload of shares, but prices were _much_ lower than before...

someone got few billions....

Mikey

Companies are buying back shares. The SEC has relaxed restrictions on share buybacks temporarily. But people are buying because these are good prices. If you likes the stock at $50 you should love it at $30!

No one is going to pick the low. The low will be made on a day when we spike lower, on the open, and close up several hundred. It almost looked like we were going to do it the other day when the market was down 400+ and rallied 200 in the last hour. But then we got hit overnite, in europe when the insurers realized their real exposure and people sold stocks again overseas.

XM

Mikey, first part of your predictions is happening right now - NASDAQ just opened 5% down today at 1390...But I am afraid he decided to slide even lower..hold your hats...
Anyway if anybody started to invest his money into hi-tech stock market say year ago he will never get his money back if just holding the positions and thinking " It can't be worse" . It can
XM

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[This message has been edited by XM (edited 09-21-2001).]

Gemini

If you don't believe ANYthing else... don't hold on Nasdaq if your holdings start sliding more than 5% a day. Get out and hold your cash.

Juge

Gemini, if you're in it for the long term, then that's the worst advice you could give. That's what everyone is doing, and it's wrong. Did you know you can get higher than average returns simply by doing the opposite of the majority in stocks? If you don't take my advice, listen to the experts, like Warren Buffet. The martket ALWAYS over reacts, and comes back. No matter what. They know what they're talking about. The reason people make money is because other people lose it. If everyone weren't so stupid, then it would be harder for others to profit from their mistakes.

If you're in it for the short term only, well then, you're up shit's creek...

JakeR

I agree.

boneprone

However, the Nasdaq was hugly over inflated, and needed a correction anyhow, and was well on track to doing this by itself with out the terrorist attack..

The terrorist attack only spead up the inevitable. That is the correction of the Over valued Nasdaq Market..

What will be hurt BAD is the airline industry and its stock..

But the Nasdaq was on its way to hitting bottom well before this attack, and this attack only spead up its process.

Now that the Nasdaq has hit bottom and then some, lets hop it starts to bounce back..

But agree, the long termers out there need not worry. In a 20 year window this is just another market wave. 10 years of a bull market, the bear has to come to play in this formula somewhere.

Most new investors are scared, cause in the past 10 years they've never seen a bear, and the bull was carrying them to the bank..

This is reality. Things happen in the market.
Hold tight, and ride it out. Its not going to bounce back overnight.