DOW below 10,000!

**packetjunkie** · October 6th, 2008, 10:23 AM

Yikes, another rough day; but I have to believe there are many more to come...

Craig4Christ · October 6th, 2008, 10:56 AM

I think I saw a low of $529 down. Now the "dead cat" bounce...then more downside.

**Whitebeard** · October 6th, 2008, 10:56 AM

It dropped 100 points in 12 minutes.

viper spray · October 6th, 2008, 10:58 AM

Crap! This hanging in for the long run shit is starting to piss me off ...

K-80-123 · October 6th, 2008, 11:00 AM

By the time this day is over my 401K will be worth a 6-pack of beer and two "big bob" burritos.

No Man · October 6th, 2008, 11:06 AM

Lots of forced selling going on now guys. These are unsettled times that none of us have seen in our lives. As I have said previously, this is a global problem. If your financial advisers had you in equities through all of this, feel free to kill them, it's likely justifiable homicide.

Gerald · October 6th, 2008, 11:23 AM

We haven't seen the 1/2 of it yet..... For once I'm so glad I'm not in the Stock Market right now.

Casey · October 6th, 2008, 11:49 AM

Price of Oil is down too!

**1fast400** · October 6th, 2008, 12:45 PM

The question is, at what point do you go back in?

**Matt** · October 6th, 2008, 01:00 PM

Quote:

Originally Posted by viper spray

Crap! This hanging in for the long run shit is starting to piss me off ...

Yeah, this fucking blows.

I've held pretty strong against "The sky is falling" mentality, but stuff is just plummeting.

Quote:

Originally Posted by 1fast400

The question is, at what point do you go back in?

My question is when do I cut my losses. I've stayed in the market as my investments are "long term" money, but if the economy keeps tanking what was originally long term money may become needed near term money.

Makara · October 6th, 2008, 01:12 PM

Quote:

Originally Posted by K-80-123

By the time this day is over my 401K will be worth a 6-pack of beer and two "big bob" burritos.

Maybe that is what Palin means by "Joe 6 pack"

Mark O · October 6th, 2008, 01:19 PM

Quote:

Originally Posted by Matt

My question is when do I cut my losses. I've stayed in the market as my investments are "long term" money, but if the economy keeps tanking what was originally long term money may become needed near term money.

I'll give you $33,000.00 for that old your Viper of yours.

plumcrazy · October 6th, 2008, 01:47 PM

thank god im not in the market.

**Doc** · October 6th, 2008, 01:52 PM

I just sold my Ultra Short ETF at up 43.5% and went for a swing trade on long.

I think there is a lot more pain to come and I think the market is in part reacting to Obama being up in the polls.

**Matt** · October 6th, 2008, 02:17 PM

Quote:

Originally Posted by Mark O

I'll give you $33,000.00 for that old your Viper of yours.

Thanks for the offer, but I'm not quite there yet.

**Doc** · October 6th, 2008, 02:27 PM

Quote:

Originally Posted by Doc

I just sold my Ultra Short ETF at up 43.5% and went for a swing trade on long.

I think there is a lot more pain to come and I think the market is in part reacting to Obama being up in the polls.

Looks like I jumped the gun a little, but I still think there will be a bounce tomorrow.

Either way there is more pain to come.

No Man · October 6th, 2008, 02:31 PM

NASDAQ below 1800, fawk. Earnings are going to suck this quarter too.

**bushido** · October 6th, 2008, 02:43 PM

Quote:

Originally Posted by plumcrazy

thank god im not in the market.

same here..

No Man · October 6th, 2008, 02:44 PM

Quote:

Originally Posted by bushido

same here..

How about the fish market? You gotta stay there, no?

**bushido** · October 6th, 2008, 02:48 PM

Quote:

Originally Posted by No Man

How about the fish market? You gotta stay there, no?

Food prices have shot up quite a bit. Especially Sashimi. I might have to raise the prices again soon, well see. But So far, the profits that I am making from alcohol beverages have been good..