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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: 3948
Re: How Low will it Go? (Dow touched down to 7882 so far)
There is no floor. The global economy is WTF.
Contrary to lies of FNB and Woofboxer, I (and most of the other "Buff Bastards") have been banned from posting on this forum. There are only a few posters left so don't waste your time on here. This forum is dead and nobody cares.
#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)
"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)
"‘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
#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: 1051
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)
"‘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: 1051
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: 1499
Re: How Low will it Go? (Dow touched down to 7882 so far)
#19 2008-10-12 07:01:13
- Horace
- Member
- Posts: 6433
Re: How Low will it Go? (Dow touched down to 7882 so far)
""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: 6433
Re: How Low will it Go? (Dow touched down to 7882 so far)
""This is probably the last Deb season...because of the stock market, the economy, Everything..." - W. Stillman.
#23 2008-10-13 04:47:48
- Horace
- Member
- Posts: 6433
Re: How Low will it Go? (Dow touched down to 7882 so far)
""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: 1051
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..