Well there goes support of 10,000.... Whats next...8000? Hang on folks,,, Anyone see any other support in there,,,?

fack me it's going to be another rough week.

Yup,,, and it keeps eroding away too,,,,BOHICA :bshake::bshake:

alot of fortunes made and lost today.

carnage

Where's Fishpoopoo? Exit window left?

probably prepping the noose knots about now :shocked:

My retirement just went down the dumper. I may have to find someone that is willing to hire an old fart that can just about get around. I think this adminisrtration has crippled the future generations. Possibly 4 generations just to pay for the fat cats.
The only thing golden in retirement is urine!!!!!

My retirement just went down the dumper.
Why? Were you holding a lot of volatile stocks?

-spence

Isn't an Oversold Market the time for Opportunity,,,,,:hang:

My retirement just went down the dumper. I may have to find someone that is willing to hire an old fart that can just about get around. I think this adminisrtration has crippled the future generations. Possibly 4 generations just to pay for the fat cats.
The only thing golden in retirement is urine!!!!!


Try and get a job working for the state.

Where's Fishpoopoo? Exit window left?

in a fetal position, barfing my guts out. :fury:

september and october are sometimes very treacherous months for the stock market. it's partly seasonal.

typically, bottoms are reached in october, and in an election year, you can see the market take off from Nov to March. or something like that.

however, given the lousy state of our economy and the fact that we're dragging the whole world down with us :rotf2: , i would be short this b*tch in March.

ordinarly, the stock market discounts the end of a recession a year in advance, or something like that. most recessions are fairly brief - 9-12 months.

but i don't think we're in a "V" shaped recession. we're likely in a longer-lasting "bathtub" shaped recession. i hope i'm wrong. but i fear i am not.

as far as home prices go ... nationwide home prices are down 20% from their peak. i heard one knowledgeable estimate that ... "we're only halfway through this price adjustment." more suck to endure on that front, unfortunately.

I'd gladly take 20% down from the market peak.

I'd gladly take 20% down from the market peak.

In the stock market too.

Another pounding today,,,:humpty::humpty::humpty:

And going down today........big time....again.

Hope for support at 9000 ,,,

VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.

VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.

Hope Monday,,, With a sell off prior,,,,

VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.

wishful thinking.

VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.
I just dumped a ton of money into my 5 year old son's 529 :hihi:

-spence

VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.


Right, it's been there before this year.

I just dumped a ton of money into my 5 year old son's 529 :hihi:

-spence

Smart move,, Time is on your side,,,

Smart move,, Time is on your side,,,
shoulda keep it as a ton of Kreugerands.

Smart move,, Time is on your side,,,

I agree.

There's 8500 fack me

almost time to start buying again. :happy:

Blood on the friggin highway. 8,612.48

If Iceland defaults we'll all be road pizza

There's 8500 fack me

almost time to start buying again. :happy:

For the LOOOOOOOOOOOng term... 5yrs or more,,,

Better to buy for the long term now than it was to buy and hold 1 year ago.....:spin::spin:

Hopefully we are setting up for an incredible monday,,,, somehow I doubt it though

It's over, the markets will not recover in our or our children's lifetime.

For the LOOOOOOOOOOOng term... 5yrs or more,,,

Better to buy for the long term now than it was to buy and hold 1 year ago.....:spin::spin:

Hopefully we are setting up for an incredible monday,,,, somehow I doubt it though
maybe 1000 pts DOWN

maybe 1000 pts DOWN

:agree: I totally agree,,, But since no one can call the bottom and with the swings we get from day to day that may all happen in one or two sessions,,,

Lets face it there is NO guarantee that we will find support at that level,,,(7500) We are really in uncharted territory...

I am sure there are a few guys in here that have a very good idea of what we might see the next few session,,,,

And you sure as hell don't want to get your investment advise from me,,,,:hs::hs:

it's hard to call a bottom when the current selling is motivated by the need to deleverage and raise liquidity.

banks aren't lending to anyone.

companies can't get other short-term financing like commercial paper, because the largest commercial paper dealer (lehman) blew up. :hihi:

on the flip side, investors in money market funds are liquidating their commercial paper holdings. because they're afraid they're not gonna get their money back. :conf:

so, if you need to raise cash in a jiffy ... where are ya gonna do it?

da stock mahket !

look out below!

:rtfm:

I am sure there are a few guys in here that have a very good idea of what we might see the next few session,,,,
I don't think anyone really has a good fix on what's going to happen.

I'm a very conservative investor. My 401K has been pounded but I'm also a long way from retirement. Mutual funds are hit, but again it's all long term. My son's 529 has 15 years to recover.

Only worry is my money market, which currently has a lot in it, but it's all with Vanguard and if it ain't safe there I'm stocking up on tuna fish and bottled water :err:

-spence

we are all a lonnngggg way from living in retirement like our parents do/did, all that encouragement to invest in you r401K has now gone poo poo world wide

nice scup looks undersized though :hee:

we are all a lonnngggg way from living in retirement like our parents do/did, all that encouragement to invest in you r401K has now gone poo poo world wide
Who the hell really knows?

There could (and some would argue must) be another innovative revolution like we had in the 90's that drives everything sky high. Then I'd be older and would adjust my allocations...

-spence

I don't think anyone really has a good fix on what's going to happen.

I'm a very conservative investor. My 401K has been pounded but I'm also a long way from retirement. Mutual funds are hit, but again it's all long term. My son's 529 has 15 years to recover.

Only worry is my money market, which currently has a lot in it, but it's all with Vanguard and if it ain't safe there I'm stocking up on tuna fish and bottled water :err:

-spence

Yup no one knows,,, but there are a few talented guys that are able to make VERY accurate educated guesses.

Same boat,,, Fairly conservative.. YES it is all long term.... Long way to go too. Single so I still take a few risks. :smash:

Same with the money market because of limiting exposure and have seen a decline in my Mutual funds. I have a few Laddered CD's so I can still feed my addiction to fishing and buying plugs if the market closes...:happy::happy:

Honestly I see serious trouble in the market and think any bounce will be temporary but the world is not without risk.

FPP has just about spelled out the market in a nutshell,, either way I think we are all going to be eating schoolies next spring whether we like it or not.

Good you're into CD ladders, I think that's a smart move for anyone who can't tolerate more risk.

-spence

all I know is it aint good and it aint over

iceland is in serious shape, dragging the EU with it

There could (and some would argue must) be another innovative revolution like we had in the 90's that drives everything sky high. Then I'd be older and would adjust my allocations...

-spence

The writing is on the wall as to what that is.... alternative energy.

Spence,

Yesterday fidelity and vanguard got permission to have their money market funds fully insured by the FED..just like the banks..you're O.K.
Sleep well!!

Good you're into CD ladders, I think that's a smart move for anyone who can't tolerate more risk.

-spence

spence,

1. you're not getting any real return after inflation, the true handle of which is 9% or more.

2. your money is tied up with a bank that might go belly-up. not because of sub-prime, but because of global illiquidity and panic runs on the deposit base.

3. the FDIC deposit insurance reserves (~$55 billion) are being rapidly depleted as we speak. indy mac's failure alone was originally supposed to cost $4-$6 billion of reserve money, that figure has shot up to $9 billion (might even be more). just for one thrift. there are others that are blowing up and require attention.

4. the recently passed TARP act increased FDIC deposit insurance. but banks aren't paying increased contributions to the FDIC insurance reserve. this will aggravate #3.

the safest asset right now is the hardest of the hard assets. physical gold, preferably stored safely outside of the u.s.

Why do I sense this is just the tip of the ice berg??? Recession??? If this ain't one......I don't want to see one! Depression???? Oh boy!:hidin:

what do you mean ' recession bigfish? this country has been in a recession for years. A false economy was created to hide the recession. Now we face the wake up call..

"false economy" = consumer consumption fueled by easy money ... and sharply higher gov't spending.

greenspan:nailem:

Thats my point...they keep saying we are not nor have been in a recession.....what a joke!:bs:

Thats my point...they keep saying we are not nor have been in a recession.....what a joke!:bs:

hey larry :wave:

it's not official until the national bureau of economic research calls it one.

from 2005, we've had a rolling recession in that various sectors like housing and financial services were not doing too well.

now it's spreading to the rest of the economy.

greenspan:nailem:

He is a major investor in GOLD,,,,

The only reason I did CD's was because of how I felt about the market.. As far as my bank... They say they are ok,,,:err::err:

When I am in South Africa next month I will pick up some south african krugerrands

spence,

1. you're not getting any real return after inflation, the true handle of which is 9% or more.
Probably true, but I'm certainly not out to maxamize my return but keep things simple. I agree there's a chance banks could flounder, but I'm hoping for the best.

-spence

hang onto your hats it's gonna be another rough day

hang onto your hats it's gonna be another rough day

futures are taking back lost ground...

s&p 500 index futures were down something like 30 points an hour ago, now they're only down 18 points. hell, in this environment, that's a rally. :rotf2:

futures are taking back lost ground...

s&p 500 index futures were down something like 30 points an hour ago, now they're only down 18 points. hell, in this environment, that's a rally. :rotf2:

Looks like we are in for another shellacing ....:deadhorse::deadhorse: I also don't think there is any way in hell there will be any buying heading into the weekend either

hey what's another 1000 points right?

hey what's another 1000 points right?

Yup... and for the guys that buy now they sure have some HUGE nuts,,,

Wow,, what a ride today,,,,