DOW down -300 and falling...

[Subdivisions]

All major indexes down more than 2%

[krispos42]

1. Hmmmm... any computer glitches to blame this time? n/t

[dipsydoodle]

2. Everyone is down across the world

WTFs'up ?

[Systematic Chaos]

3. Emus and rutabagas is about it I'm afraid.

n/t

[Tesha]

4. Strangely enough, Apple is up 9.63 right now to $146.89. (NT)

[dipsydoodle]

7. I meant the major stock markets/exchanges

:)

[Tesha]

39. "All economics is local." ;-) (NT)

(Meant this reply to go here)

[Tesha]

25. "All economics is local." ;-) (NT)

[loudsue]

5. The jig is up on rightwing money management. The bush family finally wins.

Could that be it?

:kick:

[kenny blankenship]

6. Oil's up.

to $77 a barrel--and up go the corners of Cheney's sneer.

[mmonk]

8. What goes up

must come down. The foundation is a little weak right now. Being the contrarian I am, this is when I buy.

[oldtime dfl_er]

11. Whatcha gonna buy?

I'm thinking foreign.

www.scarebaby.com

[mmonk]

19. I'm not sure.

I've been going foreign lately but some I've already taken profit on. I'll be back with you on that. Just took some profit last week and bought a few other things.

[Yavin4]

20. Be Careful About Buying Right Now

This housing mess gets uglier by the day. Soon, the summer buying season will be over and the numbers won't look pretty at all. Also, long term rates are still being reset, so look for another jolt.

If you buy now, buy quality and stability. Big cap and stable balance sheets. Stay away from the speculative growth stocks for now. A major credit crunch is approaching us and it will take down the weak.

[mmonk]

24. I choose good balance sheets, low debt,

lots of cash on hand, and look for low P/E ratios. Lately, I've been looking for higher dividends and or high interest.

[Yavin4]

28. Good To Hear

Who are you looking at? Is it a fund? Now that I have some money saved up for emergencies, I want to invest future income into a good mutual fund.

[mmonk]

34. Some Nuveen funds are looking pretty good

right now with some of the new rates and are selling at a discount. There's another I just purchased but can't remember right now what it was called and have to get back to you. At this time, I'm looking for income instead of growth until individual stocks get to bargain levels or appear to be experiencing a blip on a higher long term trajectory. As far as income, I'm looking at ones paying out over 6%.

[Yavin4]

37. We Are On The Same Wavelength My Friend

For lack of a better phrase, I'm looking to "pimp" my cash out, but a good pimp accepts only cash.

[A HERETIC I AM]

46. Are you aware that Nuveen is going to be bought?

http://www.forbes.com/markets/2007/06/20/dearborn-nuveen-buy-markets-equity-cx_cg_0620markets51.html


Might not mean anything, might mean a lot. Depends on how many of their managers stay or leave. Some of their funds are under review because of this by several of the major wire houses.

I am curious which of their funds you are keen on.

[coalition_unwilling]

45. Above all, stay diversified acroos sectors and market caps, I say -n/t

[IChing]

9. The market brakes will be put on then the fairies will appear

and the market will go back up.

It is not a free market but controlled by government and banking interests.

[swag]

10. The S&P 500 is still up about 4.2% for the year.

Personally, I welcome the return of volatility.

[Hubert Flottz]

12. The fat cats are just sorry your social security isn't invested...

along with your pension and 401K.

[EstimatedProphet]

13. I wonder if this is the big crisis

Is this going to be what allows Bush to use his executive order from a few days ago and declare martial law?

[debbierlus]

15. Hmmmmm

[Zywiec]

30. Yep, you're exactly right.

There will be martial law in the next few days..

:sarcasm:

[EstimatedProphet]

33. Really?

I KNEW IT!

:silly:

[debbierlus]

14. Look at the dollar to euro ration - my dad told me this was the one to watch

It was .7266 dollar to one euro last time I looked (right before posting). He follows this stuff super close because he has a lot of investments, & he told me that if it goes below 80 that is a huge red flag & could proceed a major crash. This is just what he told me, I am not in any way an expert on this stuff, myself. Thought I would pass it along.

:scared:

[jdlh8894]

21. And the Pound

Is at 2.05 US Maybe the ME ( and /or SW Asia ) has something to do with the drop?

[Fovea]

16. It is the housing bubble

she be bustin.

[Yavin4]

22. And It's A Nasty, Oozing Bust. Imagine a Big Zit

Unlike the tech bubble bust, which was also pretty nasty, that one was rather quick and decisive. The housing bust will be painful and take a long time to bust completely. First, it will start with the sub-prime mess. Then, new housing developments. Then, new home sales. Then, existing home sales. Then, more foreclosures. Finally, then a radical value re-adjustment downward for all homes across the board.

It's going to take a while, and it will be quite nasty.

[Fovea]

26. Yeah, the trigger today seemed to be new housing starts

but once we get back to an economy that creates domestic jobs and onshore products, we will be then be at the end of the old oil economy, and exurbia will not bounce back.

So even when the economy corrects in some far off future, it will not be business as usual for the housing industry.

[Yavin4]

27. You're Funny

"but once we get back to an economy that creates domestic jobs and onshore products, we will be then be at the end of the old oil economy, and exurbia will not bounce back."

You're hysterical. Because in order for that to happen, we need policy makers in Washington who actually will work on behalf of the people instead of taking bribes from lobbyists.

[Fovea]

47. Yeah, I realized the irony of talking like this was America

And it hurts like a bitch.

[kenny blankenship]

31. And this is like just a day after Bernanke tells Congress subprime mortgage damage is contained

Some faith in the Fed Chairman from his flock on Wall St.

[Yavin4]

36. I Could Never Lie That Big

I am truly amazed byt the Bernankes and Greenspans of the world. I just could not tell such a huge lie and feel decent about myself.

[Yavin4]

17. Ruh Roh Shaggy

Ruh Roh indeed.

[malaise]

18. Rover and Gonzo

adios!
:popcorn:

[hfojvt]

23. dow, doody-do, down dow

karma karma down, doody-do, down dow.

selling short is hard to do.

Don't take capital gains

away from me

don't you leave my life in misery

the dow's dropping, can this be true?

'cause selling short is hard to do ---

***Hendrix interlude

excuse me, while I call my broker

[Sapere aude]

29. Maybe all the freepers that want to privatize Soc Sec should put their accrued benefits

into the hole in the damn to plug the leak. And some young DUers who also think they can invest their Soc Sec and get a better return might want to buy now!

[Zywiec]

32. Where do you invest your money? n/t

[Sapere aude]

40. Any money I have is in my house. My wife has a 401K.

It's for sell. You want it.

here it is.

http://tehachapi.fnismls.com/idx/searchresults.aspx?RMLS_SESSION_GUID=%7bad68b9eb-8bbf-4a3c-8ff6-0815f4807232%7d&MLS=TEHACHAPI&SUBSCRIBER=567ad994-f873-40c2-9eeb-4c7ed7fa7f90&&Listings=9954425&view=4&Email=1&layoutid=52

[A HERETIC I AM]

41. I used to drive up and down Hwy 58 a couple times a week!

Why do you want out? Where are you going to move to?

I lived in Palmdale from late '01 thru '04 and drove from there up through the central valley at least once a week.

[Sapere aude]

42. My wife no longer wants to live in the country. We gave our horses away too.

We are moving to Orcutt near Santa Maria. We are down sizing and paying off debts. We can pay cash for the house we want if only ours would sell! Damned real estate market!

[A HERETIC I AM]

43. I used to deliver Hondas to the Dealer in Santa Maria

Seems like a nice little town. If you had to shave another 10% off your asking price, would you still be ahead on your house?

[Sapere aude]

44. If we sell for less we would not pay off as much but I think that is what we may have to do.

[taught_me_patience]

35. Time for PPT to step in

fire up the BUY BUY BUY computers!

[Connie_Corleone]

38. I'm just sitting here watching my stocks go down, down, down.

Oh well. The stock market is just one big old casino.