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03-03-2009, 12:31 AM
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#1 |
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Playmaker
Join Date: Jan 2006
Location: Manassas
Age: 53
Posts: 3,048
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How Low Can It Go?
Updated List: Dow 7223 on 3/13/2008
jsarno: 6000 Schneed10: 6000 Mattyk72: 6000 SmootSmack: 5800 over the mountain: 5800 firstdown: 5700 djnemo65: 5500 GMScud: 5100 redskinjim: 5000 Saden1: 5000 (not out of the question) CRedskinsRule: 4950 FRPLG: 4900 Slingin Sammy 33: 4800 GTripp0012: 4740 Miller101: 4000 Buster: 3500 70Chip: 3499 Chimpy: 1800 That Guy: < 0 (possibly)
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This Monkey's Gone to Heaven Last edited by 70Chip; 03-13-2009 at 06:01 PM. |
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03-03-2009, 09:08 AM
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#2 |
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Playmaker
Join Date: Feb 2007
Location: Virginia Beach
Posts: 4,347
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Re: How Low Can It Go?
and from the bastion of conservatism (sarcasm) USA Today:
Stocks fall to lowest level since 1997 as Dow drops below 6,800 - USATODAY.com from the article: "It's a bloodbath, pure and simple," says Scott Black, president and portfolio manager at Delphi Management. "This is a vote of no confidence in the Obama administration. It doesn't matter what you own, everything is going down. It is a total capitulation. People are just terrorized and are throwing in the towel."
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996. |
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03-03-2009, 09:14 AM
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#3 |
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Playmaker
Join Date: Dec 2008
Location: Three Chopt Virginia
Age: 47
Posts: 2,906
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Re: How Low Can It Go?
I wish I had money to invest right now. I'd buy Ford and General Electric. GE was at 7$ bucks a share. If they do turn around some people are going to make a lot of money.
Smart people make money in a down economy. I just wish I was smarter at this type of thing. |
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03-03-2009, 09:16 AM
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#4 |
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\m/
 
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,518
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Re: How Low Can It Go?
AIG is doing a great job at dragging the market down right now.
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03-03-2009, 10:27 AM
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#5 |
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Special Teams
Join Date: Jun 2008
Location: fresno ca
Posts: 377
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Re: How Low Can It Go?
5000 you heard it on bloomberg last week!!
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03-03-2009, 10:36 AM
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#6 |
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Living Legend
Join Date: Oct 2004
Location: chesapeake, va
Age: 60
Posts: 15,817
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Re: How Low Can It Go?
How low will it go? It depends on how many more times Obama speaks in public.
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03-03-2009, 10:45 AM
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#7 | ||
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MVP
Join Date: Feb 2004
Location: Seattle
Age: 45
Posts: 10,069
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Re: How Low Can It Go?
Quote:
Haters are out in full force, Lord Obama warned us about people like Mr. Black. Quote:
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"The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins |
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03-03-2009, 10:46 AM
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#8 |
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Living Legend
Join Date: Aug 2008
Age: 57
Posts: 21,429
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Re: How Low Can It Go?
I am pretty sure 0 is the lowest, but let's hope everyone/someone/anyone gets a clue before than
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03-03-2009, 10:48 AM
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#9 |
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Living Legend
Join Date: Jun 2004
Location: VA
Age: 42
Posts: 17,553
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Re: How Low Can It Go?
can't go past 0... or can it?
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03-03-2009, 10:49 AM
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#10 |
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MVP
Join Date: Feb 2004
Location: Seattle
Age: 45
Posts: 10,069
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Re: How Low Can It Go?
The real question is how low will it stay and for how long? At this point 5000 is not out of the question.
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"The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins |
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03-03-2009, 10:57 AM
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#11 |
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Special Teams
Join Date: Jun 2008
Location: fresno ca
Posts: 377
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Re: How Low Can It Go?
if you look at history when the market goes up and down in wild swings they called them suckers rallys in the great depression.this is now a mini depression the stock market is like a casino it will let you win a little but take every dime you have before you know what hit you
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03-03-2009, 11:00 AM
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#12 |
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Special Teams
Join Date: Jun 2008
Location: fresno ca
Posts: 377
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Re: How Low Can It Go?
i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.
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03-03-2009, 11:13 AM
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#13 | |
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Living Legend
Join Date: Oct 2004
Location: chesapeake, va
Age: 60
Posts: 15,817
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Re: How Low Can It Go?
Quote:
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03-03-2009, 12:14 PM
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#14 |
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A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 45
Posts: 12,421
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Re: How Low Can It Go?
I've begun to increase my monthly contributions to my retirement accounts and to my daughter's 529 (she's 2).
Now is a very smart time to steadily buy back in - if you have 10 years or more before you need the money.
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God made certain people to play football. He was one of them. |
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03-03-2009, 12:56 PM
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#15 |
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Special Teams
Join Date: Jun 2008
Location: fresno ca
Posts: 377
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Re: How Low Can It Go?
where else can a person put money ? real estate is cheap again
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