How Low Can It Go?

70Chip · 03-02-2009, 11:31 PM

Updated List: Dow 7223 on 3/13/2008

jsarno: 6000
Schneed10: 6000
Mattyk72: 6000
SmootSmack: 5800
over the mountain: 5800
firstdown: 5700
djnemo65: 5500
GMScud: 5100
redskinjim: 5000
Saden1: 5000 (not out of the question)
CRedskinsRule: 4950
FRPLG: 4900
Slingin Sammy 33: 4800
GTripp0012: 4740
Miller101: 4000
Buster: 3500
70Chip: 3499
Chimpy: 1800
That Guy: < 0 (possibly)

Slingin Sammy 33 · 03-03-2009, 08:08 AM

and from the bastion of conservatism (sarcasm) USA Today:

Stocks fall to lowest level since 1997 as Dow drops below 6,800 - USATODAY.com

from the article: "It's a bloodbath, pure and simple," says Scott Black, president and portfolio manager at Delphi Management. "This is a vote of no confidence in the Obama administration. It doesn't matter what you own, everything is going down. It is a total capitulation. People are just terrorized and are throwing in the towel."

Trample the Elderly · 03-03-2009, 08:14 AM

I wish I had money to invest right now. I'd buy Ford and General Electric. GE was at 7$ bucks a share. If they do turn around some people are going to make a lot of money.

Smart people make money in a down economy. I just wish I was smarter at this type of thing.

Mattyk · 03-03-2009, 08:16 AM

AIG is doing a great job at dragging the market down right now.

redskinjim · 03-03-2009, 09:27 AM

5000 you heard it on bloomberg last week!!

firstdown · 03-03-2009, 09:36 AM

How low will it go? It depends on how many more times Obama speaks in public.

saden1 · 03-03-2009, 09:45 AM

Quote:

Originally Posted by Slingin Sammy 33

and from the bastion of conservatism (sarcasm) USA Today:

Stocks fall to lowest level since 1997 as Dow drops below 6,800 - USATODAY.com

from the article: "It's a bloodbath, pure and simple," says Scott Black, president and portfolio manager at Delphi Management. "This is a vote of no confidence in the Obama administration. It doesn't matter what you own, everything is going down. It is a total capitulation. People are just terrorized and are throwing in the towel."

I have an asshole too and I am capable of taking a dump. The good news is Mr. Black won't pay just 15% capital gains tax on his income, and Delphi Management will be regulated and their investments portfolio will become transparent.

Haters are out in full force, Lord Obama warned us about people like Mr. Black.

Quote:

I know they're gearing up for a fight as we speak. My message to them is this: So am I.

CRedskinsRule · 03-03-2009, 09:46 AM

I am pretty sure 0 is the lowest, but let's hope everyone/someone/anyone gets a clue before than

That Guy · 03-03-2009, 09:48 AM

can't go past 0... or can it?

saden1 · 03-03-2009, 09:49 AM

The real question is how low will it stay and for how long? At this point 5000 is not out of the question.

redskinjim · 03-03-2009, 09:57 AM

if you look at history when the market goes up and down in wild swings they called them suckers rallys in the great depression.this is now a mini depression the stock market is like a casino it will let you win a little but take every dime you have before you know what hit you

redskinjim · 03-03-2009, 10:00 AM

i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.

firstdown · 03-03-2009, 10:13 AM

Quote:

Originally Posted by redskinjim

i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.

That is true but for retired people with all their savings in the market they are getting hammered. Most people do not realize that as you start to get close to retiring you should move your money to fixed products so you know its safe. Then maybe keep some made money in the market to play around with.

Schneed10 · 03-03-2009, 11:14 AM

I've begun to increase my monthly contributions to my retirement accounts and to my daughter's 529 (she's 2).

Now is a very smart time to steadily buy back in - if you have 10 years or more before you need the money.

redskinjim · 03-03-2009, 11:56 AM

where else can a person put money ? real estate is cheap again

03-02-2009, 11:31 PM	#1
70Chip Playmaker Join Date: Jan 2006 Location: Manassas Age: 42 Posts: 3,048	How Low Can It Go? Updated List: Dow 7223 on 3/13/2008 jsarno: 6000 Schneed10: 6000 Mattyk72: 6000 SmootSmack: 5800 over the mountain: 5800 firstdown: 5700 djnemo65: 5500 GMScud: 5100 redskinjim: 5000 Saden1: 5000 (not out of the question) CRedskinsRule: 4950 FRPLG: 4900 Slingin Sammy 33: 4800 GTripp0012: 4740 Miller101: 4000 Buster: 3500 70Chip: 3499 Chimpy: 1800 That Guy: < 0 (possibly) __________________ This Monkey's Gone to Heaven Last edited by 70Chip; 03-13-2009 at 05:01 PM.

03-03-2009, 08:08 AM	#2
Slingin Sammy 33 Playmaker Join Date: Feb 2007 Location: Virginia Beach Posts: 4,202	Re: How Low Can It Go? and from the bastion of conservatism (sarcasm) USA Today: Stocks fall to lowest level since 1997 as Dow drops below 6,800 - USATODAY.com from the article: "It's a bloodbath, pure and simple," says Scott Black, president and portfolio manager at Delphi Management. "This is a vote of no confidence in the Obama administration. It doesn't matter what you own, everything is going down. It is a total capitulation. People are just terrorized and are throwing in the towel." __________________ ...[If] an angel fairy came down and said, '[You can have anything]....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.

03-03-2009, 08:14 AM	#3
Trample the Elderly Playmaker Join Date: Dec 2008 Location: Three Chopt Virginia Age: 35 Posts: 2,906	Re: How Low Can It Go? I wish I had money to invest right now. I'd buy Ford and General Electric. GE was at 7$ bucks a share. If they do turn around some people are going to make a lot of money. Smart people make money in a down economy. I just wish I was smarter at this type of thing.

03-03-2009, 08:16 AM	#4
Mattyk ‎\m/ Join Date: Feb 2004 Age: 40 Posts: 72,751	Re: How Low Can It Go? AIG is doing a great job at dragging the market down right now. __________________ Support The Warpath! \| Warpath Shop

03-03-2009, 09:27 AM	#5
redskinjim Special Teams Join Date: Jun 2008 Location: fresno ca Posts: 371	Re: How Low Can It Go? 5000 you heard it on bloomberg last week!!

03-03-2009, 09:36 AM	#6
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 49 Posts: 15,206	Re: How Low Can It Go? How low will it go? It depends on how many more times Obama speaks in public.

03-03-2009, 09:46 AM	#8
CRedskinsRule MVP Join Date: Aug 2008 Location: Pasadena, Md Age: 45 Posts: 10,923	Re: How Low Can It Go? I am pretty sure 0 is the lowest, but let's hope everyone/someone/anyone gets a clue before than

03-03-2009, 09:48 AM	#9
That Guy Living Legend Join Date: Jun 2004 Location: Springfield, VA Age: 30 Posts: 15,624	Re: How Low Can It Go? can't go past 0... or can it? __________________ Who says shameless self promotion is stupid? oh yeah, that was me... Click For Tunes!

03-03-2009, 09:49 AM	#10
saden1 Eternally Legendary Join Date: Feb 2004 Location: Seattle Age: 33 Posts: 9,738	Re: How Low Can It Go? The real question is how low will it stay and for how long? At this point 5000 is not out of the question. __________________ RG3, RGIII, RG三, RG३, RGγʹ, RGג, RG٣, RG๓, RG..., RG셋, RGԳ!

03-03-2009, 09:57 AM	#11
redskinjim Special Teams Join Date: Jun 2008 Location: fresno ca Posts: 371	Re: How Low Can It Go? if you look at history when the market goes up and down in wild swings they called them suckers rallys in the great depression.this is now a mini depression the stock market is like a casino it will let you win a little but take every dime you have before you know what hit you

03-03-2009, 10:00 AM	#12
redskinjim Special Teams Join Date: Jun 2008 Location: fresno ca Posts: 371	Re: How Low Can It Go? i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.

03-03-2009, 11:14 AM	#14
Schneed10 RG Glee Join Date: Feb 2005 Location: Newtown Square, PA Age: 33 Posts: 7,897	Re: How Low Can It Go? I've begun to increase my monthly contributions to my retirement accounts and to my daughter's 529 (she's 2). Now is a very smart time to steadily buy back in - if you have 10 years or more before you need the money. __________________ Skins' Salary Cap Status \| CrazyCanuck's Cap Figures by Player \| Salary Cap 101

03-03-2009, 11:56 AM	#15
redskinjim Special Teams Join Date: Jun 2008 Location: fresno ca Posts: 371	Re: How Low Can It Go? where else can a person put money ? real estate is cheap again

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How Low Can It Go?

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