WillyT
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Thu Sep-22-11 01:02 PM
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Stock Market Down 462 Points !!! |
Turbineguy
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Thu Sep-22-11 01:04 PM
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girl gone mad
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Thu Sep-22-11 01:18 PM
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14. Retirees should not be invested in the robot casino. |
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No one should, to be honest.
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Harmony Blue
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Thu Sep-22-11 01:42 PM
Response to Reply #14 |
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All my major investments are with credit unions.
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EmeraldCityGrl
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Thu Sep-22-11 03:36 PM
Response to Reply #14 |
28. Anyone still in that rigged game deserves what they get. n/t |
RUMMYisFROSTED
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Thu Sep-22-11 01:04 PM
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midnight
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Thu Sep-22-11 01:08 PM
Response to Reply #2 |
6. Rummy I love the saucer.... |
gateley
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Thu Sep-22-11 01:05 PM
Response to Original message |
3. What''s their explanation this time? Is it beause the Republicans |
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are trying to shut down the governmet again?
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WillyT
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Thu Sep-22-11 01:12 PM
Response to Reply #3 |
8. Well... There's This... |
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Global Meltdown: Investors Are Dumping Nearly EverythingPublished: Thursday, 22 Sep 2011 | 12:16 PM ET Text Size By: Patti Domm CNBC Executive News Editor Link: http://www.cnbc.com/id/44626413:shrug:
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gateley
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Thu Sep-22-11 01:16 PM
Response to Reply #8 |
12. Just heard that on MSNBC -- thanks. Not being involved in the |
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Market, I don't pay that close attention, but it seems as though it's down, up, down, up, with amazing frequency. So it's almost like it doesn't "mean" anything, but I know it's got to. :shrug:
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midnight
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Thu Sep-22-11 01:20 PM
Response to Reply #8 |
17. "The activity on the part of the Fed is really going to make it difficult for banks to make money |
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unless they start lending. That's what the Fed hopes will happen. " interesting way to force the banks to lend...
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jannyk
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Thu Sep-22-11 01:16 PM
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Drale
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Thu Sep-22-11 01:06 PM
Response to Original message |
4. It will probably go up 500 points tomorrow |
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the stock market is so fucked up, that it can not be used to gauge the economy.
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JuniperLea
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Thu Sep-22-11 01:18 PM
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16. Yep... it was always just one of many indicators... |
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But even at that, the volatility has been so extreme that it isn't even a good indicator anymore.
I'm betting we go back down to 8500 or so eventually... this current level isn't sustainable for much longer.
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Andy823
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Thu Sep-22-11 01:46 PM
Response to Reply #4 |
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It's the monthly "sell off" for profits, and when prices get low enough, the same people will be buying up the cheap stocks, and commodities, and start the process all over again. We need tougher regulation on hedge funds, speculators, and wall street in general!
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ChandlerJr
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Thu Sep-22-11 01:07 PM
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5. Bonds, gold and other commodities are down also |
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They're mostly going to cash. Not a good omen.
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marmar
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Thu Sep-22-11 01:09 PM
Response to Reply #5 |
7. Yep. When stocks and gold are sinking at the same time, it's ugly. |
Yavin4
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Thu Sep-22-11 01:13 PM
Response to Original message |
9. The Greek Default Is At Hand |
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People are cashing out of stocks, bonds, and gold in order to meet committments when Greece defaults.
Also, the Fed's Operation Twist announcement yesterday was much like the Star Wars prequels, highly anticipated but very disappointing.
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marmar
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Thu Sep-22-11 01:14 PM
Response to Reply #9 |
10. "was much like the Star Wars prequels, highly anticipated but very disappointing" |
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As a Star Wars fan, I've got to say, the force was with you on that analogy.
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slackmaster
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Thu Sep-22-11 01:16 PM
Response to Original message |
11. Even precious metals are down today |
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Except for firearms and ammunition.
;-)
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formercia
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Thu Sep-22-11 03:10 PM
Response to Reply #11 |
26. That's where I put what little money I had, 8 years ago. |
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I look at the prices now...Oy !!
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safeinOhio
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Thu Sep-22-11 01:18 PM
Response to Original message |
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Edited on Thu Sep-22-11 01:18 PM by safeinOhio
When the market goes down 400 point..........BUY
When the market goes up 400 point............SELL
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Liberal In Texas
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Thu Sep-22-11 01:35 PM
Response to Original message |
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Edited on Thu Sep-22-11 01:36 PM by Liberal In Texas
It would slow down this churning volatility significantly.
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WillyT
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Thu Sep-22-11 01:38 PM
Response to Reply #18 |
20. + 1,000,000,000... What You Said !!! |
Liberal In Texas
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Thu Sep-22-11 01:47 PM
Response to Reply #20 |
23. TY...Maybe the market would turn into an area for actual investment |
BadgerKid
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Thu Sep-22-11 01:35 PM
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19. Seems like a self-congratulatory response, sadly. n/t |
FSogol
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Thu Sep-22-11 02:14 PM
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24. One day history will be condensed to the following: "After the death of Christ, there was a period |
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Edited on Thu Sep-22-11 02:14 PM by FSogol
of readjustment that lasted approximately 2000 years." - Kurt Vonnegut
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LaurenG
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Thu Sep-22-11 02:14 PM
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25. Why what happened today? nt |
JoePhilly
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Thu Sep-22-11 03:24 PM
Response to Original message |
27. If the DOW falls under 10,600 or so BUY. |
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Any one who has money in the market is seen that for the last 9 months, the DOW is bouncing between 10,500 and about 11,500.
When it drops UNDER 10.5, buy some.
When it gets above 11.5, sell some.
That range, is the same rough range where the DOW stayed from 2000-2007. It spiked to 14k, and then fell to 6500, and then returned right back to this range.
The market is stuck in the same range from 2000-2007. And as long as the GOP has any control on how our government responds, there is no real reason for the market to move much outside those ranges.
On the extremes, we could see drops under 10k, and increases above 12k. Those are not likely to be long term events (see the 2008 collapse as a reference). If they happen, BUY some more on the low side, and sell some more on the high side.
Oh ... and only do this with a LONG TERM investment horizon. This should be money that you do not absolutely need in the next 3-5 years.
And then ... NEVER take investment advice from people DU. Don't believe anything I said above.
This site has predicted a full on double dip each summer since Obama took office, still has not happened.
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