DOW down -502 just now. We might actually see it touch 7,000!!! WTF!!! Keeps going down and down with every refresh: http://moneycentral.msn.com/investor/research/msnbc/newsnap.asp?Symbol=$DJI -569.24 at 8,688.86
i lost a lot of money. the only positive is that mccain is going to lose florida bad. maybe even some of other retiree comunities. It is going to be only blue. WE want "that one" not the stupid one, just "that one" -651
After seeing today's fall, I fear US will follow Pakistan's policy and put a lower limit on stock prices.... For those who are wondering what's it all about... http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSISL1528720081008
The good ol' U.S.A. is heading more and more towards fascism by the minute! Nothing would surprise me anymore. It is very possible.
i was thinking about the same thing. I might start buying also. it all depends on what goes on in asia tonight
I'd let things consolidate on the charts for a while before buying. Could be a while before we reach bottom. GE reports tomorrow. Could be another bad day.
Does the DJ Industrial Average have a circuit limit? I mean a limit on how much it can move in a day? e.g. India's main indices have an initial 10% limit, which is followed by 15% and 20% limits.
I'm sure it will continue to go down, buying small amounts however in the mean time is the way I will continue to go. I'm only buying for my retirement accounts currently
I just saved the world. I just took my losses and put everything into bonds. Now the market can take off and I can lose again!
I'm debating putting some more into something safer, possibly bonds. If I lose everything in the normal funds, ohwell I guess. Not going to pull them out now.
This is like a double-edged sword for me. Part of me absolutely loves this while another part hates seeing America get sucked down the shitter. It sucks to see people lose their jobs and money, but it must happen. I would stop buying, you're only going to continue getting your head cut off by that bitch Mother Market. Bonds are a better idea, like Treasuries. Some may recommend gold, but I wouldn't get in it myself. When people get margin calls they'll liquidate any and everything, especially some dumb rock. If you must buy like some degenerate gambler then at least hedge your positions with puts or something.
Not a good idea imo , it is better not to move these days.I don't see a change in Usa and general trust to the market is going downwards.
I am only buying into retirement funds, I save money via the tax deduction 'not having to pay taxes on the amount' I get from the investment.
When the rest of investors are in fear, panic and are selling you want to buy, when everyone is greedy and buying things are outrageous prices you want to sell.