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Old 10-09-2002, 10:10 PM   #1
Joe Sixpack
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The Dow Jones has shit itself

The Dow Jones closed down 215 points today finishing at 7,286.

Two and a half years ago it was around 11,500.

Where will it all end?
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Old 10-09-2002, 10:12 PM   #2
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I don't suspect it will until investors adopt realistic earnings expectations.
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Old 10-09-2002, 10:12 PM   #3
Jayson
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4500
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Old 10-09-2002, 10:14 PM   #4
m0rph3us
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we haven't even seen the bottom yet
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Old 10-09-2002, 10:15 PM   #5
SleazyDream
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buy buy buy
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Old 10-09-2002, 10:18 PM   #6
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-$67,563.34 -74.42%
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Old 10-09-2002, 10:25 PM   #8
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it will end when the price of gold is equal to the dow.

Happened circa 1980.

So - the USD has got to shit the bed (major inflation) and the dow has to shit the bed.

Both are happening pretty good now. Its a 25-30 year cycle.
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Old 10-09-2002, 10:34 PM   #9
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Quote:
Originally posted by frankfortuna
I don't suspect it will until investors adopt realistic earnings expectations.
What, you think a nasdaq100 trading at least double historical p/e ratios with no optimistic forward earnings is unrealistic??? Where's your enthusiasm?
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Old 10-09-2002, 10:41 PM   #10
slackor
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4500 is correct
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Old 10-09-2002, 10:41 PM   #11
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Originally posted by SleazyDream
buy buy buy
Agreed
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Old 10-09-2002, 11:04 PM   #12
Joe Sixpack
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Quote:
Originally posted by Gary


Agreed
I've done a fair bit of investing in shares and even tried to day trade for a while. If there is ONE lesson I have learned about the stock market it is this:

Never try to catch a falling knife.
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Old 10-09-2002, 11:09 PM   #13
Gary
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Quote:
Originally posted by Joe Sixpack


I've done a fair bit of investing in shares and even tried to day trade for a while. If there is ONE lesson I have learned about the stock market it is this:

Never try to catch a falling knife.

True, but i have no problem catching a knife when its on the floor or dropped from 6 inches above the floor.

I "believe" the market can only go so far down before more and more people realize the bargains to be had. Plus, in my mind, worst case scenario is a 10 year market slump where it basically flatlines, but the market should be long term anyway.
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Old 10-12-2002, 09:56 AM   #14
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http://www.geocities.com/WallStreet/...0Inf_20811.gif
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