DOW Closes Down More Than 500 Points
- Thread starter What Would Jesus Do?
- Start date
I will be happy if I only lost $400 today but I think a 400+ point drop is going to be a bit more.
And a little bounce. There apparently was a huge surge in transactions around the 450 point.
Strong rebound.
Strong rebound.
i hope so, i have a lot of cash to put to work.
Anyone who would say that was probably not trading in Sept of 2008.
This was a significant one-day sell-off in a long-awaited correction. September 2008 was straight out of a horror movie. Apocalypse type s***.
I had 4 of my 5 major holdings hit SL's today.
I'm basically out of market with some big capital gains hitting me later tax time..
Just looked at the kids college fund and it dropped almost 500 dollars. Beings their only ages 3 and 1 Im sure it will come back up before we need it.
Sorry, but about the time I give advice, it is usually wrong. I got lucky. We were moving our 401ks anyway, so I figured I would wait for a correction to put it back in. Trying to time the market is usually not a good strategy. If you are sitting on stocks, sit tight. It is probably too late to get out. I try to go by my good friend's advice. When investors get greedy, I get nervous. When investors get nervous, I get greedy. (Warren Buffet)Next time warn the rest of us, OK?
The entire monetary system is built on sand. The Fed has only so many bags of it to put around the stilts of the house . I have a bad feeling that this Fall will bring the real collapse. The collapse is coming, just a matter of when.
Only a fool would think losing tens of thousands of dollars in a day is a good thing.I hope.
Only a fool doesn't know that it's only a paper loss. You don't realize the loss until you sell.
I can tell you aren't very experienced on the subject.
By that logic during a relatively good year you can't claim you've done well in the market. Obviously you have been brainwashed by some investment firm.
The fact is once your portfolio is down 40 grand in a day that money is gone.
As much as I hope this is wrong, it's bound to happen. There will be idiots(ciggy), who say this can never happen. Yet, because they are idiots(ciggys), they ignore the history of how these things start and most of all, how they've never truly been fixed.
Band aids can only stop the bleeding for so long.
People need to wake up and see the lie that they are living in. I can see it in my thoughts and dreams that this isn't the beginning but the end.
correction? this thing is all a fraud, the only correction needed is to throw some people in jail and back the dollar with gold or silver
Whatever you do none of you have lost a cent, according to Gary037 keep putting all your money in the market you have lost nothing.
I do understand but how many in middle America will ride the Dow to hypothetically 4500 and then hope in 9 or 10 years it's back to 17000?
Did they lose anything?
