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-   -   Well, the stock market is taking a crap (https://gfy.com/showthread.php?t=118954)

BRISK 03-24-2003 08:49 AM

Well, the stock market is taking a crap
 
Dow is down over 3% today and still dropping. :(

B40 03-24-2003 08:51 AM

Ouch....it's just giving back some of it's gains from last week

G Sharp 03-24-2003 08:53 AM

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

BRISK 03-24-2003 08:53 AM

Quote:

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.

FlyingIguana 03-24-2003 09:07 AM

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.

KRL 03-24-2003 09:08 AM

Any of you guys around in October '87 when it tanked 25% overnight. Hehehe that was a real eye opener.

G Sharp 03-24-2003 09:13 AM

Quote:

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.

:2 cents:

FlyingIguana 03-24-2003 09:20 AM

Quote:

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.

:2 cents:

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.

BRISK 03-24-2003 09:32 AM

Quote:

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.

benthompson 03-24-2003 09:37 AM

that was obvious that it would go down

hershie 03-24-2003 09:40 AM

Quote:

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.

Mutt 03-24-2003 09:41 AM

ben what's up with this shopping cart software of yours? I clicked on the link and it's dead.

reynold 03-24-2003 11:12 AM

When you have the money to do it, just take options. (puts/calls)

hershie 03-24-2003 11:30 AM

Quote:

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.


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