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post #1 of 23 (permalink) Old 02-20-2009, 09:11 AM Thread Starter
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Dow currently @ 73xx

http://news.yahoo.com/s/ap/20090220/...re/wall_street

Surprised no one has been talking about this, lowest level it has been in 6 years, and is steadily going down.

Where is everyone that was saying we hit the market bottom last week?

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post #2 of 23 (permalink) Old 02-20-2009, 10:03 AM
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If you are referring to the "Market Bottom Forming" thread I posted last week -> https://dfwstangs.net/forums/showthread.php?t=383278 , then you did not read the article, but only read the headline.
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post #3 of 23 (permalink) Old 02-20-2009, 10:08 AM Thread Starter
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Quote:
Originally Posted by TexasDevilDog View Post
If you are referring to the "Market Bottom Forming" thread I posted last week -> https://dfwstangs.net/forums/showthread.php?t=383278 , then you did not read the article, but only read the headline.
Guilty as charged. I read the thread but not the link. Guess I missed a article I shouldn't have?

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post #4 of 23 (permalink) Old 02-20-2009, 10:14 AM
Good times
 
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Wink

The sky is still falling, everyone has since run for the hills.

n/a
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post #5 of 23 (permalink) Old 02-20-2009, 10:23 AM
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Seems like you can pretty much short any stock and come away with a profit. Ofcourse I'm not brave enough to do that, so I just watch my stocks tank daily.
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post #6 of 23 (permalink) Old 02-20-2009, 10:25 AM Thread Starter
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Quote:
Originally Posted by SVT Lurch View Post
The sky is still falling, everyone has since run for the hills.
I know it sounds a bit alarmist, but it is the lowest point in six years.

Stevo

Animal whisperings

Intoxicate the night

Hypnotize the desperate

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post #7 of 23 (permalink) Old 02-20-2009, 10:32 AM
Good times
 
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Quote:
Originally Posted by Stevo View Post
I know it sounds a bit alarmist, but it is the lowest point in six years.

Stevo
That wasn't meant to be a shot at you. Everyone just seems to keep freaking out every time the Dow drops another 100 points. I'm just waiting for the bottom when everyone will think it will be business as usual even though it will take some time to go back up.
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post #8 of 23 (permalink) Old 02-20-2009, 10:41 AM Thread Starter
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7280 now.

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post #9 of 23 (permalink) Old 02-20-2009, 10:55 AM
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I'm sitting here watching my portfolio evaporating before my eyes... I wanted to sell some off last week to supplement my cash position, but it won't stop going down long enough to sell it...

I'm beyond frustrated right now.

mardyn

R.I.P. James E. Berry 01/03/57-- 01/14/05

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post #10 of 23 (permalink) Old 02-20-2009, 11:05 AM
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Looks like no one wants to hold anything over the weekend.

TRAIN TRASH it's like WHITE TRASH but with money.

My other vehicle is a Locomotive.

Don't cupple up without protection.
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post #11 of 23 (permalink) Old 02-20-2009, 11:45 AM
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lol pretty good volume today... I like how GM is now trading right even with ford $1.5x

"Apres moi le deluge"


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post #12 of 23 (permalink) Old 02-20-2009, 12:05 PM
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I read he's down about 10% on his job approval rating in the first month. So by 3/20 he'll be at around 50% and as the honey moon gets more and more distant to people it will fall faster than the DOW.
When Stimulus II is introduced he'll fall to sub 30%.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #13 of 23 (permalink) Old 02-20-2009, 12:09 PM
HERE WE GO STEELERS
 
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Quote:
Originally Posted by Sean88gt View Post
I read he's down about 10% on his job approval rating in the first month. So by 3/20 he'll be at around 50% and as the honey moon gets more and more distant to people it will fall faster than the DOW.
When Stimulus II is introduced he'll fall to sub 30%.
Bullets will start flying if they propose yet another "stimulus" package.

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post #14 of 23 (permalink) Old 02-20-2009, 12:14 PM
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Burn that mother fucker to the ground ..........

I'll be there scooping up the ashes .
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post #15 of 23 (permalink) Old 02-20-2009, 12:20 PM
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Well, I feel better now about not saving enough for retirement. Looks like it would have gotten wiped out anyway.
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post #16 of 23 (permalink) Old 02-20-2009, 12:30 PM Thread Starter
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Looks like it has rebounded back into the 7400's, but dropped to 7250 at one point.

Stevo

Animal whisperings

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Hypnotize the desperate

Slow motion light

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Blood, milk and sky


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post #17 of 23 (permalink) Old 02-20-2009, 12:32 PM
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Quote:
Originally Posted by mikeb View Post
Well, I feel better now about not saving enough for retirement. Looks like it would have gotten wiped out anyway.
No shit! I was always frustrated I hadn't more saved for retirement over the last 10 years, wished I would have bought back then, etc etc. This is like a do-over!

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #18 of 23 (permalink) Old 02-20-2009, 01:01 PM
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Makes me really glad I sold some (very) minor investments to buy my '57 Chrysler and some Hemi parts, lol.

The car is holding its value... nothing else I have is.
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post #19 of 23 (permalink) Old 02-20-2009, 01:20 PM
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Man the life boats. Jeez I thought we had a bottom already lol.

Oh well, I'm glad I don't trade on margin guess I will buy some shit. EVENTUALLY I guess it will be worth something!!
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post #20 of 23 (permalink) Old 02-20-2009, 01:22 PM
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Inside information tells me that GM and Circuit City are solid buys right now.
Posted via Mobile Device
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post #21 of 23 (permalink) Old 02-20-2009, 01:41 PM
Bla Bla Bla
 
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Quote:
Originally Posted by Geor! View Post
Inside information tells me that GM and Circuit City are solid buys right now.
Posted via Mobile Device
LMAO!!!

All I hear is bla bla bla......
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post #22 of 23 (permalink) Old 02-20-2009, 01:54 PM Thread Starter
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The mid-day low was the lowest the Dow has been in 11 years.

Stevo

Animal whisperings

Intoxicate the night

Hypnotize the desperate

Slow motion light

Wash away into the rain

Blood, milk and sky


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post #23 of 23 (permalink) Old 02-20-2009, 02:16 PM
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I have had all my investments in money market fund since last January. It isn't sexy but I have not lost anything. I am waiting for about 600 on the S&P500 or the housing prices to go up two months in a row.

Last edited by TexasDevilDog; 02-20-2009 at 02:38 PM.
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