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10-13-2008, 04:22 PM
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#16 |
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\m/
 
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,569
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Re: Dow Death Watch
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10-13-2008, 06:14 PM
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#17 |
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Franchise Player
Join Date: Feb 2004
Age: 45
Posts: 8,317
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Re: Dow Death Watch
Huge bump today. We're still off the high by about 5,000 points, but it's a nice start.
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10-13-2008, 11:12 PM
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#18 |
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Living Legend
Join Date: Jun 2004
Location: VA
Age: 42
Posts: 17,553
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Re: Dow Death Watch
there might be a lower total global de facto credit cap after this thing (more conservative use of lending money and thus less total lent value).
that said, this could just be a bear market run up with profit takers tomorrow... we'll have to see. |
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10-15-2008, 06:09 PM
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#20 |
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MVP
Join Date: Feb 2004
Location: Seattle
Age: 45
Posts: 10,069
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Re: Dow Death Watch
Of course, it's gains skimming time. It's going to be up and down, up and down for a while.
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"The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins |
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10-15-2008, 06:12 PM
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#21 |
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Living Legend
Join Date: Oct 2004
Location: chesapeake, va
Age: 60
Posts: 15,817
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Re: Dow Death Watch
Well I hope I caught one stock at its lowest as I took some money and purchased few hundred shares. Right now its up about $7.00 from when I purchased.
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10-15-2008, 06:14 PM
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#22 | |
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Franchise Player
Join Date: Feb 2004
Age: 45
Posts: 8,317
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Re: Dow Death Watch
Quote:
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10-16-2008, 09:36 AM
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#23 |
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A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 45
Posts: 12,426
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Re: Dow Death Watch
The stock market historically has gotten extremely volatile leading up to a prolonged boom. You'll see huge swings one direction or another, but as you guys are saying, it inevitably turns back up.
When is the question. Wish I knew, because I'd have a crystal ball and would be a billionaire.
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God made certain people to play football. He was one of them. |
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10-16-2008, 09:53 AM
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#24 |
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The Starter
Join Date: Oct 2004
Posts: 2,351
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Re: Dow Death Watch
What's the old saying...buy when there is blood in the streets. Well, we might be close.
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10-16-2008, 05:24 PM
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#25 |
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\m/
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,569
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Re: Dow Death Watch
Looks like another wild ride today, the Dow is up 400 right now.
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10-16-2008, 05:27 PM
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#26 | |
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\m/
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,569
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Re: Dow Death Watch
Quote:
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10-17-2008, 10:59 AM
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#27 |
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\m/
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,569
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Re: Dow Death Watch
Buffett says it's time to buy:
Buffett says he's buying U.S. stocks: report | Reuters I like his take on the current situation: "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." |
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10-17-2008, 11:10 AM
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#28 | |
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The Starter
Join Date: Aug 2004
Location: The Southeast
Age: 41
Posts: 2,119
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Re: Dow Death Watch
Quote:
It's important to keep in mind, however, that just because prices overall are down doesn't mean that your average Joe (I suppose that's Joe Plumber now) should go dropping coin willy-nilly on any stock that strikes his fancy. I would highly recommend reading  Benjamin Graham's The Intelligent Investor if you have little experience investing. Even if you have tremendous experience I would still read it. Buffet himself claims that Graham taught him the majority of what he knows (Buffet was a student of Graham I believe at Columbia University and the only one to ever get an A in Graham's class, or so the story goes.)Graham's method of value investing is tough to do in the modern era (even as devalued as things are lately), but his principles behind investigating a company thoroughly before investing are just as valid today as they were 30-40 years ago. His perspective on the market is fascinating too and really comforting I found given the breadth of his experience. The distinction between investing and speculating couldn't be more important, and Graham defines it perfectly. What's going on in the markets for the the past 10 years is pure, unadulterated speculation, not "intelligent investing."
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10-28-2008, 09:00 PM
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#29 |
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\m/
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,569
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Re: Dow Death Watch
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05-06-2010, 04:23 PM
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#30 |
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Playmaker
Join Date: Feb 2007
Location: Virginia Beach
Posts: 4,347
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Re: Dow Death Watch
Uh oh, here we go again (I hope not)
Dow Drops 998 Before Halving Losses - FOXBusiness.com Dollar up, unemployment down, good signs though.
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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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