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#1 2008-10-10 13:02:51
- Skink
- Member
- Posts: 143
How Low will it Go? (Dow touched down to 7882 so far)
?
Think like a man of action, and act like a man of thought.
#2 2008-10-10 13:08:31
- Voltaire's Love Child
- Member
- Posts: 120
Re: How Low will it Go? (Dow touched down to 7882 so far)
I'm thinking 2500, but one can always hope for lower.
"Hellhound on my trail, hellhound on my trail . . . . "
#3 2008-10-10 13:10:56
- Skink
- Member
- Posts: 143
Re: How Low will it Go? (Dow touched down to 7882 so far)
A Robesperrian-style capitulation? lol
Think like a man of action, and act like a man of thought.
#4 2008-10-10 13:12:36
- Voltaire's Love Child
- Member
- Posts: 120
Re: How Low will it Go? (Dow touched down to 7882 so far)
"Burn, Baby, Burn!"
"Hellhound on my trail, hellhound on my trail . . . . "
#5 2008-10-10 13:12:36
- Bishop of Briggs
- Member
- Posts: 3184
Re: How Low will it Go? (Dow touched down to 7882 so far)
There is no floor. The global economy is WTF.
#6 2008-10-10 13:15:16
- Skink
- Member
- Posts: 143
Re: How Low will it Go? (Dow touched down to 7882 so far)
Would seem like a good time for those working near financial districts to get the strongest umbrella they can find.
Think like a man of action, and act like a man of thought.
#7 2008-10-10 13:17:25
- Voltaire's Love Child
- Member
- Posts: 120
Re: How Low will it Go? (Dow touched down to 7882 so far)
I won't be satsified until I see the iGents eating their children.
"Hellhound on my trail, hellhound on my trail . . . . "
#8 2008-10-10 13:19:11
- Voltaire's Love Child
- Member
- Posts: 120
Re: How Low will it Go? (Dow touched down to 7882 so far)
Skink wrote:
Would seem like a good time for those working near financial districts to get the strongest umbrella they can find.
"Ooh, see the fire is sweepin
Our very street today
Burns like a red coal carpet
Mad bull lost its way"
"Hellhound on my trail, hellhound on my trail . . . . "
#9 2008-10-10 13:42:20
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
Look at it sartorially: If Huntsman or John Lobb had a 50%-off sale, would you wait for them to return to full price before you commissioned a suit or pair of shoes? Similarly, stocks are on sale now, so why wait until the market comes back, and securities are fully priced, to start buying stocks?
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#10 2008-10-10 13:47:08
- Skink
- Member
- Posts: 143
Re: How Low will it Go? (Dow touched down to 7882 so far)
B/c they might have a 75% discount next Monday lol
Think like a man of action, and act like a man of thought.
#11 2008-10-10 14:21:52
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
Skink wrote:
B/c they might have a 75% discount next Monday lol
Dollar cost average and you can catch any further declines. Nobody can successfuly time the market.
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#12 2008-10-10 15:51:53
- Tony Ventresca
- Member
- Posts: 5132
Re: How Low will it Go? (Dow touched down to 7882 so far)
We are in the endtimes; we are doomed.
Brother Horace will you please lead the Lamentation? I am too busy downloading photos of girls dressed like boys, and boys dressed like girls. It's confusing at times, but fun.
It's time to fuck every piece of ass, and every ass, you can get your hands on.
Smoke 'em if you got 'em.
*****
Actually, nothing fatal is going to happen. This will not be another Great Depression.
The bad that will come from this will be a groin-kick to everyone's retirement savings. The good that will come is the rest of the world will stop pegging their entire economies on the US economy, stop buying US debt as if is the only thing worth anything in the world. Time to start doing your own thing, comrades, making your own future instead of hoping the US Federal Reserve will carry the weight of the entire world.
You read it here first.
Look for my next book: Satanism And It's Discontents.
- Big Tony
"Clothes make the man only if they fit." Carole Jackson
"Once upon a time, life was not better. It was just different." William Norwich
"This is one of the testimonial pictures that Satan uses in his brochures." Anonymous
#13 2008-10-10 16:24:29
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
Sign At Anderson & Sheppard: Due to cost-cutting measures as a direct consequence of the severe economic downturn, Anderson & Sheppard has announced the complete elimination of fittings, although clients can take consolation in the fact that A&S have never really offered fittings anyway. iGents, please note 10 percent nuisance surcharge on all commissions, you bloody pains in the arse.
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#14 2008-10-10 18:24:24
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
Just caught Ben Stein, a very smart guy and savvy investor who has some brilliant financial counselors advising him, talking about how he got killed financially the past several days. Along with everyone else. Trillions of dollars lost, much of it accumulated since the '03 recovery. Moral of the story: Spend your money on nice clothes instead of investing it. In the end, you'll at least have something enjoyable to show for your money.
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#15 2008-10-10 19:05:57
- John Rotten
- Member
- Posts: 1037
Re: How Low will it Go? (Dow touched down to 7882 so far)
Now there is some advice I can get behind.
And cigars, don't forget cigars.
I think the Dow does not drop below 7,500 on a sustained basis. The rally this afternoon was encouraging. Sellers usually don't like to wear risk over a weekend, yet the Dow "rebounded" from an almost 800 point decline on the open.
My philosophy? Easy come, easy go.
#16 2008-10-10 19:11:20
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
John Rotten wrote:
Now there is some advice I can get behind.
And cigars, don't forget cigars.
I think the Dow does not drop below 7,500 on a sustained basis. The rally this afternoon was encouraging. Sellers usually don't like to wear risk over a weekend, yet the Dow "rebounded" from an almost 800 point decline on the open.
My philosophy? Easy come, easy go.
It's all rigged. Hedge funds are manipulating the market and the little guy is just along for the ride, rocky or otherwise.
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#17 2008-10-10 19:21:21
- John Rotten
- Member
- Posts: 1037
Re: How Low will it Go? (Dow touched down to 7882 so far)
As a student of the markets, I must say I am in real awe over the pain and suffering unleashed these past days..
#18 2008-10-10 22:23:32
- eg
- Member
- From: Burlington, ON
- Posts: 1491
Re: How Low will it Go? (Dow touched down to 7882 so far)
It's delightful
It's delicious
It's de-leverage ... 
"Experience teaches only the teachable." A. Huxley
Oh, and if Latin is your thing, Sursum Corda
#19 2008-10-12 07:01:13
- Horace
- Member
- Posts: 6067
Re: How Low will it Go? (Dow touched down to 7882 so far)
Marc Grayson wrote:
Nobody can successfuly time the market.
Damn right. Well, there's all Tip-Top.
""This is probably the last Deb season...because of the stock market, the economy, Everything..." - W. Stillman.
#20 2008-10-12 07:03:03
- Horace
- Member
- Posts: 6067
Re: How Low will it Go? (Dow touched down to 7882 so far)
Marc Grayson wrote:
Just caught Ben Stein, a very smart guy and savvy investor who has some brilliant financial counselors advising him, talking about how he got killed financially the past several days. Along with everyone else. Trillions of dollars lost, much of it accumulated since the '03 recovery. Moral of the story: Spend your money on nice clothes instead of investing it. In the end, you'll at least have something enjoyable to show for your money.
I like Stein. He bugs this shit out of me. But I like him.
""This is probably the last Deb season...because of the stock market, the economy, Everything..." - W. Stillman.
#21 2008-10-12 09:40:13
- Taylor McIntyre
- Son of Ivy...
- Posts: 95
Re: How Low will it Go? (Dow touched down to 7882 so far)
Voltaire's Love Child wrote:
"Burn, Baby, Burn!"
I must admit to rather enjoying all this too... Even those clients of mine who will go to the wall will still have to pay me if they want me to tidy up their affairs...
What a world!
#22 2008-10-12 14:39:44
- Tony Ventresca
- Member
- Posts: 5132
Re: How Low will it Go? (Dow touched down to 7882 so far)
Horace wrote:
Marc Grayson wrote:
Just caught Ben Stein, a very smart guy and savvy investor who has some brilliant financial counselors advising him, talking about how he got killed financially the past several days. Along with everyone else. Trillions of dollars lost, much of it accumulated since the '03 recovery. Moral of the story: Spend your money on nice clothes instead of investing it. In the end, you'll at least have something enjoyable to show for your money.
I like Stein. He bugs this shit out of me. But I like him.
I agree with you, although I think 50% of the stuff he writes is mostly for shock value.
"Clothes make the man only if they fit." Carole Jackson
"Once upon a time, life was not better. It was just different." William Norwich
"This is one of the testimonial pictures that Satan uses in his brochures." Anonymous
#23 2008-10-13 04:47:48
- Horace
- Member
- Posts: 6067
Re: How Low will it Go? (Dow touched down to 7882 so far)
Tony Ventresca wrote:
Horace wrote:
Marc Grayson wrote:
Just caught Ben Stein, a very smart guy and savvy investor who has some brilliant financial counselors advising him, talking about how he got killed financially the past several days. Along with everyone else. Trillions of dollars lost, much of it accumulated since the '03 recovery. Moral of the story: Spend your money on nice clothes instead of investing it. In the end, you'll at least have something enjoyable to show for your money.
I like Stein. He bugs this shit out of me. But I like him.
I agree with you, although I think 50% of the stuff he writes is mostly for shock value.
What I don't like is this whiny, preachy voice you can almost here in some of his prose. This sort of wise, reality of the market shit. Also, despite his lean to the left in recent years, he still perpetrates the cult of the self-deserving, self-made man.
""This is probably the last Deb season...because of the stock market, the economy, Everything..." - W. Stillman.
#24 2008-10-13 08:24:15
- John Rotten
- Member
- Posts: 1037
Re: How Low will it Go? (Dow touched down to 7882 so far)
S&P500 is up almost 5% this morning.. I need to rush out and buy a pair of Vass before I become poor again in an hour..
#25 2008-10-13 09:22:16
- Tony Ventresca
- Member
- Posts: 5132
Re: How Low will it Go? (Dow touched down to 7882 so far)
Horace wrote:
Tony Ventresca wrote:
Horace wrote:
I like Stein. He bugs this shit out of me. But I like him.I agree with you, although I think 50% of the stuff he writes is mostly for shock value.
What I don't like is this whiny, preachy voice you can almost here in some of his prose. This sort of wise, reality of the market shit. Also, despite his lean to the left in recent years, he still perpetrates the cult of the self-deserving, self-made man.
Yes you are correct, that myth has caused much damage to the US mindset. People cannot think anymore, in sound financial or social or political terms.
Stein considers himself a self-made man but he has law degree from Chicago. Lawyers are little more than employees/servants, realistically they don't create value they just suck it away from, or piggyback, those who do create value.
"Clothes make the man only if they fit." Carole Jackson
"Once upon a time, life was not better. It was just different." William Norwich
"This is one of the testimonial pictures that Satan uses in his brochures." Anonymous