Dow set to open down 550

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  • ADL Colin
    Too lazy to set a custom title
    • Feb 2001
    • 11929

    #1

    Dow set to open down 550

    I'm going back to bed


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  • ADL Colin
    Too lazy to set a custom title
    • Feb 2001
    • 11929

    #2
    FTSE -7%
    Japan -9.6%
    China - 8.3%

    This bear don't play


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    • pigman
      Confirmed User
      • Aug 2006
      • 760

      #3
      The stock market will continue like a Jojo for some months.
      We just need to get the interbank market started again.
      Suffering arises from attachment to desires.
      Suffering ceases when attachment to desire ceases.

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      • ADL Colin
        Too lazy to set a custom title
        • Feb 2001
        • 11929

        #4
        Change my mind. I'm up to buy. Good luck ;-)


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        • wig
          Confirmed User
          • Feb 2002
          • 708

          #5
          Hey Colin. My we need a better low. (e.g. another diverging momentum low)
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          • Dame
            Confirmed User
            • May 2005
            • 354

            #6
            At the opening bell this morning, it was already down 300plus points

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            • Vendot
              Confirmed User
              • May 2002
              • 3376

              #7
              I wont buy yet........ things are gonna keep going downhill. Theres no good news out there and house prices are gonna keep going down and companies still selling shares to meet bills and shit. You might get some spike if Obama wins but then after christmas its probably down again.
              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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              • Manowar
                jellyfish  
                • Dec 2003
                • 71528

                #8
                not even worth looking at the portfolio today

                Comment

                • Vendot
                  Confirmed User
                  • May 2002
                  • 3376

                  #9
                  Damn, id hate to *have* a portfolio in this market........

                  The great thing about being on UK time is that the DOW opens at 2.30 pm UK time. So youve got like so much time to plan your limits before the open without feeling like you need another hour or two sleep time.
                  "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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                  • wig
                    Confirmed User
                    • Feb 2002
                    • 708

                    #10
                    When everyone is crying, you should be buying.

                    Thing is, most people either have no liquidity or never had any assets in the first place.
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                    • Forest
                      Confirmed User
                      • Aug 2001
                      • 9136

                      #11
                      never made it but the day is still young LOL

                      i bought several stocks about 20 minutes after the open.

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                      • wig
                        Confirmed User
                        • Feb 2002
                        • 708

                        #12
                        Originally posted by Forest
                        never made it but the day is still young LOL

                        i bought several stocks about 20 minutes after the open.
                        Naz made a new low, S&P retested its low, but DJIA never made it, you are correct.

                        missed you at the island gathering.
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                        • Forest
                          Confirmed User
                          • Aug 2001
                          • 9136

                          #13
                          Originally posted by wig
                          Naz made a new low, S&P retested its low, but DJIA never made it, you are correct.

                          missed you at the island gathering.
                          Dude you were there? Damn so many people there so little time to get to hang with everyone

                          could have used another day.

                          hows everything with you?

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                          • BlackCrayon
                            Too lazy to set a custom title
                            • Jun 2003
                            • 19634

                            #14
                            fuck the stock market. i never understood why people are allowed to gamble on peoples livelyhoods like that. when its good, its only good for them. when its bad everyone suffers.
                            you don't know you're wearing a leash if you sit by the peg all day..

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                            • wig
                              Confirmed User
                              • Feb 2002
                              • 708

                              #15
                              Originally posted by Forest
                              Dude you were there? Damn so many people there so little time to get to hang with everyone

                              could have used another day.

                              hows everything with you?
                              Yeah, even hung out an extra day. Had the wife and kid with me.

                              I never saw you so I thought you missed it.

                              Things are well. You? See you in Panama?!?!
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                              • wig
                                Confirmed User
                                • Feb 2002
                                • 708

                                #16
                                Originally posted by BlackCrayon
                                fuck the stock market. i never understood why people are allowed to gamble on peoples livelyhoods like that. when its good, its only good for them. when its bad everyone suffers.


                                What are you trying to say?
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                                • zEn84
                                  Confirmed User
                                  • May 2004
                                  • 484

                                  #17
                                  Originally posted by BlackCrayon
                                  fuck the stock market. i never understood why people are allowed to gamble on peoples livelyhoods like that. when its good, its only good for them. when its bad everyone suffers.

                                  The stock market is only reflecting the housing and credit market. Who's gambling on whos livelihood? If people want to invest, whether they do it themselves or hire someone, should know the risks involved. Nothings guaranteed. We aren't in this situation because of the stock market, this is because of people living beyond their needs.

                                  In fact, I hope we do see a major flush with the indexes more. I thought we were going to witness it today since the markets had to shut down over night from too much of a drop. Maybe we'll see it at the end of the day, hopefully. We need to see capitulation, and soon. Hopefully this thing will throw up so we can finally get back to normal trading. Couldn't be happier to sit here and witness history being made though, pretty cool.

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                                  • BlackCrayon
                                    Too lazy to set a custom title
                                    • Jun 2003
                                    • 19634

                                    #18
                                    Originally posted by zEn84
                                    The stock market is only reflecting the housing and credit market. Who's gambling on whos livelihood? If people want to invest, whether they do it themselves or hire someone, should know the risks involved. Nothings guaranteed. We aren't in this situation because of the stock market, this is because of people living beyond their needs.

                                    In fact, I hope we do see a major flush with the indexes more. I thought we were going to witness it today since the markets had to shut down over night from too much of a drop. Maybe we'll see it at the end of the day, hopefully. We need to see capitulation, and soon. Hopefully this thing will throw up so we can finally get back to normal trading. Couldn't be happier to sit here and witness history being made though, pretty cool.
                                    Mortgage backed securities should never of been allowed, they were investing money that didn't even exist. Stocks are largely based on the rise and fall of companies. For example, gm stocks fall, employees get laid off, etc. Thats what i am talking about when i say peoples livelyhoods.
                                    you don't know you're wearing a leash if you sit by the peg all day..

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                                    • Kudles
                                      Confirmed User
                                      • Feb 2003
                                      • 5477

                                      #19
                                      That makes me sick
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                                      • wig
                                        Confirmed User
                                        • Feb 2002
                                        • 708

                                        #20
                                        Originally posted by BlackCrayon
                                        Mortgage backed securities should never of been allowed, they were investing money that didn't even exist. Stocks are largely based on the rise and fall of companies. For example, gm stocks fall, employees get laid off, etc. Thats what i am talking about when i say peoples livelyhoods.
                                        You have a weird view of how these things work.

                                        There is nothing wrong with mortgage backed securities any more than there is something wrong with mortgages. Not sure if you own a home or not, but most people cannot afford to acquire one without taking on a mortgage.

                                        Issuing stock to the public is one way that companies are able to expand. They are also then subject to public disclosure and more regulation.

                                        What you are doing is using selective reasoning or the enumeration of (un)favorable circumstances while ignoring all the progress made within this system over time.

                                        Setting policy aside, the one common denominator that is relevant to both wall street and main street is that crowd behavior in relation to fear and greed is part of human nature.
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                                        • Forest
                                          Confirmed User
                                          • Aug 2001
                                          • 9136

                                          #21
                                          Originally posted by wig
                                          Yeah, even hung out an extra day. Had the wife and kid with me.

                                          I never saw you so I thought you missed it.

                                          Things are well. You? See you in Panama?!?!
                                          Things are great. We should actually talk I think can refer some biz your way.

                                          Panama is on my list for sure.

                                          I didnt even know you were there. I didnt see you in the guide.

                                          Hope you and yours are all well

                                          Comment

                                          • BlackCrayon
                                            Too lazy to set a custom title
                                            • Jun 2003
                                            • 19634

                                            #22
                                            Originally posted by wig
                                            You have a weird view of how these things work.

                                            There is nothing wrong with mortgage backed securities any more than there is something wrong with mortgages. Not sure if you own a home or not, but most people cannot afford to acquire one without taking on a mortgage.

                                            Issuing stock to the public is one way that companies are able to expand. They are also then subject to public disclosure and more regulation.

                                            What you are doing is using selective reasoning or the enumeration of (un)favorable circumstances while ignoring all the progress made within this system over time.

                                            Setting policy aside, the one common denominator that is relevant to both wall street and main street is that crowd behavior in relation to fear and greed is part of human nature.
                                            I'll admit I don't know much about the stock market. Never got involved in it. All i know is a) I don't benefit from it b)I and everyone else suffers when it crashes
                                            you don't know you're wearing a leash if you sit by the peg all day..

                                            Comment

                                            • wig
                                              Confirmed User
                                              • Feb 2002
                                              • 708

                                              #23
                                              Originally posted by Forest
                                              Things are great. We should actually talk I think can refer some biz your way.

                                              Panama is on my list for sure.

                                              I didnt even know you were there. I didnt see you in the guide.

                                              Hope you and yours are all well
                                              Was not in the guide, but on the website. Hitting you up now.
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                                              • Vendot
                                                Confirmed User
                                                • May 2002
                                                • 3376

                                                #24
                                                Originally posted by BlackCrayon
                                                I'll admit I don't know much about the stock market. Never got involved in it. All i know is a) I don't benefit from it b)I and everyone else suffers when it crashes
                                                Dude...... with all due respect you should learn more about it. It isnt evil.

                                                Its not because the stockmarket is crashing that people are suffering. Its because theres a financial crisis and a looming recession and a collapse in credit amongst many other things that is resulting in a loss of jobs (the stockmarket falls in response to that situation).

                                                A lot of the growth in western economies for the last ten years was a complete charade, it was largely based on credit. So blame your government, dont blame the free market.
                                                "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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                                                • wig
                                                  Confirmed User
                                                  • Feb 2002
                                                  • 708

                                                  #25
                                                  Originally posted by BlackCrayon
                                                  I'll admit I don't know much about the stock market. Never got involved in it. All i know is a) I don't benefit from it b)I and everyone else suffers when it crashes
                                                  Well, my advice is to start learning now. The capital markets are important to understand, not just so you know how they work and how you can participate, but also when to watch out when things get to frothy.

                                                  Not everyone suffers when it crashes.
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                                                  • wig
                                                    Confirmed User
                                                    • Feb 2002
                                                    • 708

                                                    #26
                                                    Bump for those who wanted to see a better low. :-)
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