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How Low Can It Go?

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Old 03-03-2009, 12:31 AM   #1
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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)
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Old 03-03-2009, 09:08 AM   #2
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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."
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Old 03-03-2009, 09:14 AM   #3
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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.
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Old 03-03-2009, 09:16 AM   #4
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Re: How Low Can It Go?

AIG is doing a great job at dragging the market down right now.
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Old 03-03-2009, 10:27 AM   #5
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Re: How Low Can It Go?

5000 you heard it on bloomberg last week!!
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Old 03-03-2009, 10:36 AM   #6
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Re: How Low Can It Go?

How low will it go? It depends on how many more times Obama speaks in public.
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Old 03-03-2009, 10:45 AM   #7
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Re: How Low Can It Go?

Quote:
Originally Posted by Slingin Sammy 33 View Post
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.

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Old 03-03-2009, 10:46 AM   #8
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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
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Old 03-03-2009, 10:48 AM   #9
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Re: How Low Can It Go?

can't go past 0... or can it?
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Old 03-03-2009, 10:49 AM   #10
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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.
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Old 03-03-2009, 10:57 AM   #11
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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
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Old 03-03-2009, 11:00 AM   #12
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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.
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Old 03-03-2009, 11:13 AM   #13
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Re: How Low Can It Go?

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Originally Posted by redskinjim View Post
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.
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Old 03-03-2009, 12:14 PM   #14
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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.
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Old 03-03-2009, 12:56 PM   #15
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Re: How Low Can It Go?

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