When the Hell is it Going to Stop? When to Buy? [Stock Market Question]
 

Once the DOW dropped 400 today I thought it would have a mini rally and end up at 300. Instead went down to 500. So I'm thinking maybe it will rally some tomorrow but the futures already are down 120 since close.

Is tomorrow going to be another shit storm or will there be a nice rally? Trying to pick my spot here but don't want to get wiped out in the tsunami.

From an article on Market Watch.

With the recent news that the FED may cut interest rates tommorow. The market may go up, but the dollar is going to take a dive.

Same article I quoted above makes a mention of more FED cuts in six months.

Great time to buy! Apple and Dell esp.

Good sectors to buy into right now are energy and tech.. stay far away from financials obviously

Energy got eaten alive today. With oil dropping and the economy slowing down, do you really see that as a good play right now?

it is time to buy when you stop asking this question

wait til CPI comes out tonight and tomorrow morning...

if its weak like i think its going to be in both europe and US, i think tomorrow we be another nice dip... :2 cents:

I don't know anything about stocks... but if there is a solid company and it is down and you don't think it's going to fold within the next 10 to 15 years... wouldn't that be a good buy assuming you were in for the long haul?

Buy when there is blood in the streets

The market will probably drop more than 500 points again tomorrow. AIG has to raise $75 billion tomorrow or will be filing bankruptcy on weds. Moody and Standard & Poor both just downgraded AIG tonight which is going to make it harder for them to get cash.

:eek7:eek7:eek7:eek7
hope nobody takes investment advice off of gfy

Hang Seng is in a free fall right now - down 1200+ - http://www.hsi.com.hk/

Nikkei is down 4% - http://www.nni.nikkei.co.jp/

things are looking rough right now:

Canada TSX 12,254 -515.55 (-4.04%)
France CAC 40 4,169 -163.69 (-3.78%)
Germany DAX 100 6,064 -170.73 (-2.74%)
Hong Kong Hang Seng 18,209 -1143.84 (-5.91%)
Japan Nikkei 225 11,596 -618.67 (-5.06%)
U.K. FTSE 100 5,204 -212.50 (-3.92%)
U.S. DOW 10,918 -504.48 (-4.42%)
Denmark KFX 379.70 -12.13 (-3.10%)
Finland HEX 7,640 -160.68 (-2.06%)
Sweden SAX 262.83 -7.91 (-2.92%)

Washington Mutual Inc., the biggest U.S. savings and loan, had its credit rating cut to junk by Standard & Poor's because of the deteriorating housing market.

"I never try to predict the market. I?ve made money over the years by buying into good companies, run by good people, at attractive prices. And I don?t try and make it out of buying into the market at one point and selling at another point. " - Warren Buffett

Oil is a commodity play for starters and you buy when stock's at it's low.. hence the buy energy and tech statement I made :upsidedow

JP Morgan is looking to buy WaMu again. WaMu turned them down earlier this year with their $8/share offer. Now their stock is $2 and with S&P and Moody rating them as junk I doubt they will get much more.

That is a crazy quote as he is famous for buying when things are out of favor. Best market timer in the world and he says he doesn't do it....

Goldman Sachs beat estimates by $0.10 but is it enough? Don't think so.

It's lonely at the top, and he prefers to keep it that way.

Russian RTS dropped on -11% :((

it was down 20% when trading was halted so it made a bit of a come back.