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#16

07-21-2002, 01:32 AM

Originally posted by FlyingIguana
that was a unique crash right before the depression. this down market is simply a correction of overvalued and overhyped stocks.

people said the same thing in the late 80's when the market crashed...

Market crashed in 2000,
what we see today is continuation of the trend started 2 + years ago, and we have looong way to go before things get better.
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FlyingIguana

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#17

07-21-2002, 01:49 AM

not 30 years, maybe till next year. i wouldn't even expect the nasdaq to reach those highs of a few years ago. there was really no basis for those hefty valuations. companies that looked like they'd go bankrupt before showing a profit were trading at insane levels.

the markets will bounce back soon enough.
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CC

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#18

07-21-2002, 02:03 AM

Originally posted by the indigo
lost 11k USD in the last 10 months... this sucks big time.

If that was all I lost I would be a happy girl right now. This has got to be the sorest subject in the world for me, lol.
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hatebreed

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#19

07-21-2002, 02:06 AM

well...what happened in March 2000 happened once before...in 1929. It took 30 years for stocks to come back to 1929 levels,
and I won't be surprised if we won't see NAZ at 5000 'till the new generation of investors comes in,
the generation which doesn't have the memories of our pains. [/B]

Gimme a break man.

Our pains? The market has shown 9 % annual growth since 1982. That's phenomenal.

If you invested SMARTLY you were able to make loads of cash in the last 15 years. Of course, if you look at it short term (1 day - 18 months) you can always lose lots of cash.

You might as well go to Las Vegas and gamble. So don't whine folks, you ask for risk and that's what you get.

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One_post_only

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#20

07-21-2002, 03:05 AM

Originally posted by FlyingIguana

the markets will bounce back soon enough.

nope, it won't...too many people have too much pain memories to jump back
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hatebreed

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#21

07-21-2002, 04:51 AM

Psychologically, you know a down turn has come to an end when EVERYBODY is saying the market will go down the drain.

Think about it.

Dow Jones is at 11.000. Everybody is invested and talking about how the Dow will rise through the roof.

Dow takes a hit to 9.000. Some people get out. Half of the bunch is thinking "Sure it will come back pretty soon".

Down goes to 8.000. "Everybody" gets out of stocks. People are painting horror scenarios. Market sentiment is at an all time low.

Moral: Only if there are ENOUGH pessimistic players around the market can start another longterm uptrend.

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One_post_only

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#22

07-21-2002, 05:48 AM

Originally posted by hatebreed
Psychologically, you know a down turn has come to an end when EVERYBODY is saying the market will go down the drain.

Think about it.

Dow Jones is at 11.000. Everybody is invested and talking about how the Dow will rise through the roof.

Dow takes a hit to 9.000. Some people get out. Half of the bunch is thinking "Sure it will come back pretty soon".

Down goes to 8.000. "Everybody" gets out of stocks. People are painting horror scenarios. Market sentiment is at an all time low.

Moral: Only if there are ENOUGH pessimistic players around the market can start another longterm uptrend.

I agree with that whole heartedly...but...I started nibbling in high dividends paying stocks
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One_post_only

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#23

07-21-2002, 05:49 AM

The market gonna go up after the last bear sells...
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One_post_only

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#24

07-21-2002, 08:57 AM

only if you expect recovery any time soon:

http://ragingbull.lycos.com/mboard/b...CC&read=142065

MUST READ
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FlyingIguana

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#25

07-21-2002, 09:56 AM

Originally posted by One_post_only

nope, it won't...too many people have too much pain memories to jump back

they always bounce back. we had a big crash in the 80's, and 10 years later the biggest bull market ever. as soon as we get some visibility on earnings and the economy picks up people will forget and jump back in.

they always do.
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CC

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#26

07-21-2002, 01:22 PM

Just curious, but does anyone here play with penny stocks? I'm not talking about long term investing, I'm talking about buying some and then selling them a few hours later. I've been doing it as a hobby for a while now but I've never put enough money in to make some real money.
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foe

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#27

07-21-2002, 01:51 PM

yep used to day trade got bored of it though may start up agian no time though
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-=HUNGRYMAN=-

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#28

07-21-2002, 01:56 PM

Oh shit ... my bad
I thought it said invest in "socks" .... I was all about to tell you guys the fantastic deal I got at Mark's Work Wearhouse a couple weeks ago !!!

Last edited by -=HUNGRYMAN=-; 07-21-2002, 02:01 PM.
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RW316

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#29

07-21-2002, 02:00 PM

investing is a risk.. becareful
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#30

07-21-2002, 02:48 PM

Originally posted by FlyingIguana

they always bounce back. we had a big crash in the 80's, and 10 years later the biggest bull market ever. as soon as we get some visibility on earnings and the economy picks up people will forget and jump back in.

they always do.

ok, see you in 10 years
;-))
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