Dow Death Watch

Sheriff Gonna Getcha · 10-10-2008, 11:59 AM

It plunged below 10,000 and then 9,000 earlier this week. How low will she go?

BleedBurgundy · 10-10-2008, 11:59 AM

It was below 8k this morning for a while.

12thMan · 10-10-2008, 12:53 PM

I think we're going to touch 7K before it's all said and done.

GTripp0012 · 10-10-2008, 12:58 PM

I don't care where it bottoms out as much as I care when it bottoms out. The sooner the market can rebound, the better off we will all be.

BDBohnzie · 10-10-2008, 01:00 PM

Let's see. The height not too long ago was a shade over 14,000. I'm gonna guess somewhere between 6500 and 7000 before it starts to pull back up. The market will correct itself...it's just a matter of time when.

Beemnseven · 10-10-2008, 01:35 PM

Is anybody considering selling off any stock that they own? Have you thought about cashing out your 401k?

That thought actually crossed my mind this morning -- what if you had cashed out last Friday before this week's tumble?

firstdown · 10-10-2008, 02:04 PM

Quote:

Originally Posted by Beemnseven

Is anybody considering selling off any stock that they own? Have you thought about cashing out your 401k?

That thought actually crossed my mind this morning -- what if you had cashed out last Friday before this week's tumble?

Now is the worse time to think about selling unless you have such a poor portfolio of investments they will never recover then it might not be a bad idea.

I'm actual about to buy $15,000 in stocks today in Co's. that are strong but are getting dragged down by this mess. I'm guessing I might double my money in just a few months and wish I had more money to invest.

Slingin Sammy 33 · 10-10-2008, 03:30 PM

Quote:

Originally Posted by Beemnseven

Is anybody considering selling off any stock that they own? Have you thought about cashing out your 401k?

That thought actually crossed my mind this morning -- what if you had cashed out last Friday before this week's tumble?

It's funny you mention it. I did just that (though not because of any great foresight). I'm in the process of buying a small business and needed to cash out my stock portfolio to move into a CD to guarantee the loan. Based on the percentage drops, I saved over $ 30K. (Thank God).

Of course my 401(K) is down a great deal along with everyone else.

Beemnseven · 10-11-2008, 10:44 AM

Quote:

Originally Posted by Slingin Sammy 33

It's funny you mention it. I did just that (though not because of any great foresight). I'm in the process of buying a small business and needed to cash out my stock portfolio to move into a CD to guarantee the loan. Based on the percentage drops, I saved over $ 30K. (Thank God).

Of course my 401(K) is down a great deal along with everyone else.

Just curious, what small business are you getting into?

12thMan · 10-10-2008, 02:24 PM

I agree with Beemnseven, now is not the time to start selling. If someone absolutely has to sell, I would "suggest" selling in increments with a time certain attached. For instance, I'm going to sell 10,000 of stock ABC. I would sell a specific amount over the course of five days or six days. That way if the market is starts to move higher on any one of those of six days, you're not locking in the same loss across the board.

MTK · 10-10-2008, 03:09 PM

Between the AIG stock I own and my 401k, I could honestly cry over the money I've lost recently. It's a serious kick to the groin. But, I'm certainly not going to panic and yank my money or switch it to less riskier investments. I figure I still have a good 20-25 years for it to grow. This is just a serious downtime in the cycle. My Dad on the other hand who recently just retired is sweating things a bit more.

saden1 · 10-10-2008, 03:12 PM

Bargains can be had everywhere GE, MSFT, ORCL, BAC, oh my. I love it! I wish I had more money. Anyone selling their stock is a fool. If you buy established companies with good track record and are in it long term, you buy more...the more the stock falls the more you buy. If you're "timing the market" or "trying to make a quick buck" good luck, you'll need it.

I predict the lowest it will go is low to mid 7K. Anything below that is sustained for a month or two then I would worry.

mheisig · 10-10-2008, 03:31 PM

I call 7k.

Why? No reason. Just seems like it might hit that low, that's all.

Like others said, now is the time to buy. You buy when prices go down, not when they go up. Any other approach and you're playing a market timing game, which any sane investor will tell you is about as productive as magic beans.

Sheriff Gonna Getcha · 10-10-2008, 03:40 PM

Anyone interested in learning a bit about the current crisis should click on this and click "free download."

That Guy · 10-10-2008, 11:13 PM

this american life is an amazing show/program/whatever.

once this thing is tanked out, i'm buying in hard. citigroup is cheap, tech stocks (MS/google/intel/etc), global resources (palladium/platinum/gold/etc). just waiting to see the bottom first. I know i'm not the only one either.

10-10-2008, 11:59 AM	#1
Sheriff Gonna Getcha Franchise Player Join Date: Feb 2004 Age: 45 Posts: 8,317	Dow Death Watch It plunged below 10,000 and then 9,000 earlier this week. How low will she go?

10-10-2008, 11:59 AM	#2
BleedBurgundy Playmaker Join Date: Feb 2004 Posts: 4,471	Re: Dow Death Watch It was below 8k this morning for a while. __________________ "All natural institutions of churches, whether Jewish, Christian, or Turkish, appear to me no other than human inventions, set up to terrify and enslave mankind, and monopolize power and profit." Thomas Paine

10-10-2008, 12:53 PM	#3
12thMan MVP Join Date: May 2005 Location: washington, D.C. Posts: 11,460	Re: Dow Death Watch I think we're going to touch 7K before it's all said and done.

10-10-2008, 12:58 PM	#4
GTripp0012 Living Legend Join Date: Mar 2006 Location: Evanston, IL Age: 36 Posts: 15,994	Re: Dow Death Watch I don't care where it bottoms out as much as I care when it bottoms out. The sooner the market can rebound, the better off we will all be. __________________ according to a source with knowledge of the situation.

10-10-2008, 01:00 PM	#5
BDBohnzie Playmaker Join Date: Feb 2004 Location: Frederick, MD Age: 45 Posts: 4,628	Re: Dow Death Watch Let's see. The height not too long ago was a shade over 14,000. I'm gonna guess somewhere between 6500 and 7000 before it starts to pull back up. The market will correct itself...it's just a matter of time when. __________________ Bad Things man, I mean bad things... “WE TOOK HIM IN THE SIXTH ROUND SO WE'RE NOT SMART EITHER.” - Shanny on what the Skins saw in Alfred Morris

10-10-2008, 01:35 PM	#6
Beemnseven Pro Bowl Join Date: Feb 2004 Location: Virginia Beach Age: 50 Posts: 5,311	Re: Dow Death Watch Is anybody considering selling off any stock that they own? Have you thought about cashing out your 401k? That thought actually crossed my mind this morning -- what if you had cashed out last Friday before this week's tumble?

10-10-2008, 02:24 PM	#10
12thMan MVP Join Date: May 2005 Location: washington, D.C. Posts: 11,460	Re: Dow Death Watch I agree with Beemnseven, now is not the time to start selling. If someone absolutely has to sell, I would "suggest" selling in increments with a time certain attached. For instance, I'm going to sell 10,000 of stock ABC. I would sell a specific amount over the course of five days or six days. That way if the market is starts to move higher on any one of those of six days, you're not locking in the same loss across the board.

10-10-2008, 03:09 PM	#11
MTK \m/ Join Date: Feb 2004 Age: 52 Posts: 99,608	Re: Dow Death Watch Between the AIG stock I own and my 401k, I could honestly cry over the money I've lost recently. It's a serious kick to the groin. But, I'm certainly not going to panic and yank my money or switch it to less riskier investments. I figure I still have a good 20-25 years for it to grow. This is just a serious downtime in the cycle. My Dad on the other hand who recently just retired is sweating things a bit more. __________________ Support The Warpath! \| Warpath Shop

10-10-2008, 03:12 PM	#12
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 45 Posts: 10,069	Re: Dow Death Watch Bargains can be had everywhere GE, MSFT, ORCL, BAC, oh my. I love it! I wish I had more money. Anyone selling their stock is a fool. If you buy established companies with good track record and are in it long term, you buy more...the more the stock falls the more you buy. If you're "timing the market" or "trying to make a quick buck" good luck, you'll need it. I predict the lowest it will go is low to mid 7K. Anything below that is sustained for a month or two then I would worry. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

10-10-2008, 03:31 PM	#13
mheisig The Starter Join Date: Aug 2004 Location: The Southeast Age: 41 Posts: 2,119	Re: Dow Death Watch I call 7k. Why? No reason. Just seems like it might hit that low, that's all. Like others said, now is the time to buy. You buy when prices go down, not when they go up. Any other approach and you're playing a market timing game, which any sane investor will tell you is about as productive as magic beans. __________________ Your post count, reputation score, popularity ranking, VIP tag or funny signature has no bearing on how I value you as an individual.

10-10-2008, 03:40 PM	#14
Sheriff Gonna Getcha Franchise Player Join Date: Feb 2004 Age: 45 Posts: 8,317	Re: Dow Death Watch Anyone interested in learning a bit about the current crisis should click on this and click "free download."

10-10-2008, 11:13 PM	#15
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,553	Re: Dow Death Watch this american life is an amazing show/program/whatever. once this thing is tanked out, i'm buying in hard. citigroup is cheap, tech stocks (MS/google/intel/etc), global resources (palladium/platinum/gold/etc). just waiting to see the bottom first. I know i'm not the only one either.

Dow Death Watch

Parking Lot