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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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What's up with the DOW? Down 500+
uhhh
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Cornpoppin' Pony Soldier |
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02-27-2007, 12:02 PM
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Join Date: Feb 2000
Location: Dallas, TX
Posts: 4,612
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Ouch!!! China went down 8% yesterday/today...
Edit: If you have the stomach and the cash, today might be a good time to pick up a "bargain".
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Neil '73 911S targa |
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02-27-2007, 12:05 PM
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Join Date: Nov 2002
Location: NWNJ
Posts: 6,202
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 too late to do anything about it except add to the decline. timeto buy!
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big blue tricycle stare down the darkness and watch it fade |
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02-27-2007, 12:06 PM
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Registered User
Join Date: Jul 2003
Posts: 4,247
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that's what happens when you have ~100 managers controlling the market. any news story is a catalyst for a market move.
the working men/women with 401Ks don't have influence in daily swings. they are all at work during the day.. |
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02-27-2007, 12:07 PM
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Registered
Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
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Just this weekend my wife and I were looking at out accounts and I was thinking we probably should take some profits. Too late. Ouch.
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MRM 1994 Carrera |
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02-27-2007, 12:07 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Looks like down 200+ to me.
Looks like a cooling of China's economy is driving this. Could we have another "Asian Financial Crisis"? Last time that happened, it led to capital flooding the U.S. right as the Internet was taking off. Remember the "Dot Com Boom"? Cheap capital looking for anything to invest in...
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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02-27-2007, 12:07 PM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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Hey, I just realized one benefit of being flat ass broke and having zero investments
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Cornpoppin' Pony Soldier |
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02-27-2007, 12:07 PM
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Registered User
Join Date: Jul 2003
Posts: 4,247
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Quote:
I can multiply my money elsewhere, thank you very much! |
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02-27-2007, 12:10 PM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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My situation is not by choice I assure you
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Cornpoppin' Pony Soldier |
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02-27-2007, 12:10 PM
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I'm getting nailed...very painful.
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02-27-2007, 12:15 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Eh...it's all in my 401k. I'm not retiring for another 30 years, so I can tolerate a few bumps in the road...
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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02-27-2007, 12:21 PM
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Registered
Join Date: Nov 2002
Location: NWNJ
Posts: 6,202
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Quote:
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big blue tricycle stare down the darkness and watch it fade |
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02-27-2007, 12:34 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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I started my 410k at the absolute height of the Dot Com boom. For my first two years out of college, the balance of my 401k was less than the sum of my yearly contributions. The Dow went from around 11,000 to 9,000 during that period. Around 12,000 still has me in the black...
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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02-27-2007, 12:38 PM
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Slackerous Maximus
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,207
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I lost about $5000 today. So what? Its all paper. As long as it has recovered by 2030, I'm good.
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2022 Royal Enfield Interceptor. 2012 Harley Davidson Road King 2014 Triumph Bonneville T100. 2014 Cayman S, PDK. Mercedes E350 family truckster. |
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02-27-2007, 12:59 PM
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Join Date: Nov 2002
Location: NWNJ
Posts: 6,202
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anybody think China can't hurt us? I'm not advocating invasion by the way
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big blue tricycle stare down the darkness and watch it fade |
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02-27-2007, 01:01 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Free markets are a double-edged sword. If China can get to us through them, we can get to them.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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02-27-2007, 01:03 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Run with the herd of Lemmings that U are....
Today was a GOOD DAY..the market has not corrected since May, and was OVERDUE...Casino Bosses get worried when they get too far ahead, they know that sooner or later they are in for a big hit... The market needs some voliatility...Mother in Tucson has been putting cash on the sidelines recently, she will be putting it back to work shortly..and within a short time the Market will recover and go to new highs. This is the needed pause that refreshes...also where does one think all that money is going to go to if the Chinese Market is out of flavor......
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Copyright "Some Observer" |
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02-27-2007, 01:13 PM
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Join Date: Jan 2007
Location: "Al's Backyard"
Posts: 82
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I felt like the market was at an artificial high as well. The market is nowhere for speculators. Long term it's just fine. This too shall pass.
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02-27-2007, 01:18 PM
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Bad timing for me. The stock I need to sell has been long term and was finally taking off. I'm out a few grand today and it hurts.
Dave
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Make sure to check out my balls in the Pelican Parts Catalog! 917 inspired shift knobs. '84 Targa - Arena Red - AX #104 '07 Toyota Camry Hybrid - Yes, I'm that guy... '01 Toyota Corolla - Urban Camouflage - SOLD |
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02-27-2007, 01:24 PM
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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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Funny thing happened today...................................several faxs came in today with huge ads declaring that China was the bomb to invest your $$$ in !!
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss '07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold '85 Guards Red Targa - Almost finished after 17 years '95 Road King w/117ci - No time to ride, see above '77 Sportster Pro-Street Drag Bike w/93ci - Sold |
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02-27-2007, 01:32 PM
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1984 Porsche Targa 3.2L
