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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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10-25-2008, 12:19 PM
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#1
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Registered User
Join Date: May 2001
Location: Rhode Island
Posts: 3,650
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How much could the stock marker potentially fall? Could it completely tank down to like 1000-2000?
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10-25-2008, 03:16 PM
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#2
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Eels
Join Date: Jul 2004
Location: Cape Cod,MA.
Posts: 3,333
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One of the sad parts about this market is that historicly the fourth quarter has been productive & positive.I wish I had the extra $$ to buy more!
I really feel bad for our elders...There never going to rebound from this global mess.
Also If Im not mistakin but this is worse than Black Monday back in 87 chit back then people were jumping from windows 
Bob |
Live bait sharp hooks and timing is all you need
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10-25-2008, 03:24 PM
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#3
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Robert this is much worse than 87, the market has lost over 40 pct since its peak and it is much more widespread. This is 26-33 in the financial markets in our lifetime, I hope the rest of that time doesn't come to be.
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10-26-2008, 08:28 AM
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#4
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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This seems real bad, but the IXIC lost over 70 percent from peak to trough just 7-8 years ago and has never recovered. 
Dow was down over 40% too and came back to hit new highs. I remain optimistic the same will happen this time around once the excesses get wrung out. |
It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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10-26-2008, 07:40 PM
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#5
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Registered User
Join Date: Feb 2005
Location: Burlington
Posts: 2,290
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Just something to think about...what would happen to social security if it is privatized and it depended on the market???  |
low & slow 37
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11-05-2008, 08:04 AM
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#6
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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Quote:
Originally Posted by gone fishin
Just something to think about...what would happen to social security if it is privatized and it depended on the market??? |
Good things if you have the discipline to stick with it long term.
Again, I'm always the optimist.... |
It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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11-06-2008, 06:10 PM
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#7
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Eels
Join Date: Jul 2004
Location: Cape Cod,MA.
Posts: 3,333
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Quote:
Originally Posted by Back Beach
Don't look now, but we're up 20% off last month's bottom. Sure we'll pull back a bit from profit taking, but I think an uptrend is in place for a while.
People who bailed and went into cash are gonna be playing catchup.
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Quote:
Originally Posted by Back Beach
Good things if you have the discipline to stick with it long term.
Again, I'm always the optimist....
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October made history in 2 aspect of the market one for crashing as much as it did & secondly rebounding as much as 20%+ all in on month.
Mikey I too am optimistic in the futures of the market but it seems as we are back on the downward spiral.....Must be due to the Great new on Tuesday night  |
Live bait sharp hooks and timing is all you need
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11-06-2008, 08:53 PM
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#8
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by Back Beach
Don't look now, but we're up 20% off last month's bottom. Sure we'll pull back a bit from profit taking, but I think an uptrend is in place for a while.
People who bailed and went into cash are gonna be playing catchup.
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Quote:
Originally Posted by Back Beach
Good things if you have the discipline to stick with it long term.
Again, I'm always the optimist....
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The market is down 929 points since you said that yesterday morning and only about 200 points off that bottom from last month. I think December will see terrible consumer spending and January will bring another dumping of the market. |
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11-05-2008, 08:02 AM
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#9
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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Quote:
Originally Posted by 5/0
One of the sad parts about this market is that historicly the fourth quarter has been productive & positive.I wish I had the extra $$ to buy more.
Bob
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Don't look now, but we're up 20% off last month's bottom. Sure we'll pull back a bit from profit taking, but I think an uptrend is in place for a while.
People who bailed and went into cash are gonna be playing catchup. |
It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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11-06-2008, 05:50 PM
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#10
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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Quote:
Originally Posted by Back Beach
Don't look now, but we're up 20% off last month's bottom. Sure we'll pull back a bit from profit taking, but I think an uptrend is in place for a while.
People who bailed and went into cash are gonna be playing catchup.
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They may very well turn out to be the wise ones. I wish I had done that. |
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11-07-2008, 09:55 AM
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#11
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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Quote:
Originally Posted by MakoMike
They may very well turn out to be the wise ones. I wish I had done that.
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I hear you. Only problem with cash is its a poor place to be long term.
Example:We got a 20% bounce in stocks off the lows in just under two weeks. If you had sold at the bottom and stayed in cash, it would take you 10 plus years to get the money back versus 10 days. I know this isn't the best example because your age plays greatly into the amount of risk you can or should take.
Sure, we may go much lower, but at 38 I'm sticking with the market for the long term potential.
Next time I make a prediction do the opposite and you're sure to win.... |
It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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