Another Fun Day in the Mkt... - Page 4

X5rolls · #31 02-23-2009, 07:24 PM

It's impossible to know how low it will go - there is no recent historical way to predict the future. Smart guys like Warren Buffett went back in a few months ago and his fund is now at it's lowest ever, something like 71k I think. He knows the market, maybe we are there now... I'm not ready, going to take my non 401k money and keep it in CDs. I want to be able to continue to sleep at night with my nest egg.

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ncx · #32 02-23-2009, 07:28 PM

Quote:

Originally Posted by LeMansX5

You crazy.

Dow dropped to 1997 level and will probably hit under 7000. Good luck.

And I went shopping again today.

LeMansX5 · #33 02-23-2009, 07:56 PM

Quote:

Originally Posted by AzX5

I think it will get much worse though, more like 10% from here (< 6500)

I think it will for sure go below 6800.

Quote:

Originally Posted by ncx

And I went shopping again today.

I am losing on stocks I bought when DOW was 7700. Got no money now.

LeMansX5 · #34 03-02-2009, 02:13 PM

6830 and counting down.

motordavid · #35 03-02-2009, 02:56 PM

And we all thought that GM qtrly loss was a laugher...
AIG loses $62 Billion last qtr.

They "make" good stuff though: some insurance, and a truckload of
CDSs, securitized crap sandwiches, and on and on and...
No Sweat: another $30 Billion waiting in the wings for them,
courtesy of the non-stop printing presses vis a vis us, the taxpayers.

I'm guessing 6K or, maybe even 5500, in the next few weeks/months,
before the carnage is over. It may be a long time, Boys&Girls, before
happy days are here again.

Thunder22 · #36 03-02-2009, 02:57 PM

It's getting scary now. 6800 is insane.

LeMansX5 · #37 03-02-2009, 03:09 PM

Getting very tired of looking at this chart.

Thunder22 · #38 03-02-2009, 03:19 PM

Quote:

Originally Posted by LeMansX5

Getting very tired of looking at this chart.

Be thankful that there's a chart to look at. The way things are going... well, I don't even want to think about it.

X5rolls · #39 03-02-2009, 03:21 PM

I fear that business will have nothing to look forward to short, mid, long term till we change from a democratic led congress.

youry · #40 03-02-2009, 03:35 PM

The only problem is that I don't see the catalyst to move the market up. Earnings are a joke. The gov and the fed are bailing banks every day. Hopefully the market turns at one point thought I doubt we'll see any sustained rally.
if you trade stocks look into Oct SKF under $100 puts. Time decay will kill that etf. Now it trades around 195

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