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DOW changes and your investments

Discussion in 'Politics & Religion' started by guru-seo, Oct 9, 2008.

  1. #1
    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
    SEMrush
     
    guru-seo, Oct 9, 2008 IP
    guerilla and wisdomtool like this.
    SEMrush
  2. pizzaman

    pizzaman Active Member

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    #2
    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
     
    pizzaman, Oct 9, 2008 IP
  3. guru-seo

    guru-seo Peon

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    #3
    McNasty ain't getting my vote here in Floriduhhh!!!
     
    guru-seo, Oct 9, 2008 IP
  4. pizzaman

    pizzaman Active Member

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    #4
    impeach is the only word that i want to hear. It is not too late.
     
    pizzaman, Oct 9, 2008 IP
  5. sachin410

    sachin410 Illustrious Member

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    #5
    sachin410, Oct 9, 2008 IP
  6. guru-seo

    guru-seo Peon

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    #6
    guru-seo, Oct 9, 2008 IP
  7. GRIM

    GRIM Prominent Member

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    #7
    Wow I took a beating today! Ohwell time to buy some more! :p
     
    GRIM, Oct 9, 2008 IP
  8. pizzaman

    pizzaman Active Member

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    #8
    i was thinking about the same thing. I might start buying also. it all depends on what goes on in asia tonight
     
    pizzaman, Oct 9, 2008 IP
  9. guru-seo

    guru-seo Peon

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    #9
    Sorry to hear bro.
     
    guru-seo, Oct 9, 2008 IP
  10. LogicFlux

    LogicFlux Peon

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    #10
    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.
     
    LogicFlux, Oct 9, 2008 IP
  11. sachin410

    sachin410 Illustrious Member

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    #11
    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.
     
    sachin410, Oct 9, 2008 IP
  12. GRIM

    GRIM Prominent Member

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    #12
    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 ;)
     
    GRIM, Oct 9, 2008 IP
  13. jkjazz

    jkjazz Peon

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    #13
    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!
     
    jkjazz, Oct 9, 2008 IP
  14. GRIM

    GRIM Prominent Member

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    #14
    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.
     
    GRIM, Oct 9, 2008 IP
  15. Firegirl

    Firegirl Peon

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    #15
    Yes, we do have circuit breakers as well. I believe the first one is at 10%...
     
    Firegirl, Oct 9, 2008 IP
  16. smatts9

    smatts9 Active Member

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    #16
    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.
     
    smatts9, Oct 9, 2008 IP
  17. zangief

    zangief Well-Known Member

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    #17
    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.


     
    zangief, Oct 9, 2008 IP
  18. GRIM

    GRIM Prominent Member

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    #18
    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.
     
    GRIM, Oct 9, 2008 IP
  19. soniqhost.com

    soniqhost.com Notable Member

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    #19
    It you haven't check, its not very rosy anywhere else either,
     
    soniqhost.com, Oct 9, 2008 IP
  20. soniqhost.com

    soniqhost.com Notable Member

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    #20
    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.
     
    soniqhost.com, Oct 9, 2008 IP