Author Topic: stock market drops 400!  (Read 17032 times)

Offline Chaikel

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Re: stock market drops 400!
« Reply #20 on: August 05, 2011, 01:57:22 AM »
don't get so worked up (unless you're on margin). it's normal to have a correction, the question is where the bootom is? but mid to long term this a great buying opportunity. there is no question the economy is moving up albeit slowly, corporate profits are rising sharply it's normal in such a scenario that corporations will take the plunge and start hiring.
What your seeing is panic selling, the markets are oversold.
as warren buffet says "be greedy when others are fearful and fearful when others are greedy".
One who doesn't learn from history is a fool
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Offline elikay

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Re: stock market drops 400!
« Reply #21 on: August 05, 2011, 01:58:47 AM »
One who doesn't learn from history is a fool
and history dictates...

Offline Chaikel

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Re: stock market drops 400!
« Reply #22 on: August 05, 2011, 02:06:02 AM »
and history dictates...
It's exactly what happened in 1929. First a moderate crash, then the big one.

Many analysts have been predicting it for over a year.
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Online AsherO

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Re: stock market drops 400!
« Reply #23 on: August 05, 2011, 02:06:28 AM »
One who doesn't learn from history is a fool
and history dictates...

Past performance is not indicative of future results.
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Offline Chaikel

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Re: stock market drops 400!
« Reply #24 on: August 05, 2011, 02:41:04 AM »
http://www.cnn.com/2008/US/10/21/klein.depression/index.html?iref=allsearch

Look at the date. There were many articles like this one at the time
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Online AsherO

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Re: stock market drops 400!
« Reply #25 on: August 05, 2011, 02:56:31 AM »
It happens every time the market crashes, like the dot-com crash of 2001 and Black Monday.
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Offline Chaikel

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Re: stock market drops 400!
« Reply #26 on: August 05, 2011, 03:27:20 AM »
It happens every time the market crashes, like the dot-com crash of 2001 and Black Monday.
Past performance is not indicative of future results.
???
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Offline Chaikel

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Re: stock market drops 400!
« Reply #27 on: August 05, 2011, 09:10:59 AM »
Hmmm... so DJI Futures were down over .5% then up over .5%, now heading down.
Might be an exciting day
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Online AsherO

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Re: stock market drops 400!
« Reply #28 on: August 05, 2011, 11:11:52 AM »
???

My posts were both in response to yours:

Firs you and EliKay were trying to predict what would happen based on past performance, hence my first post.

Then you posted a link to a CNN article in 2008 which you're saying predicted what is happened now (1929 redux), hence my second response (that in every dip they say that).
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Offline Chaikel

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Re: stock market drops 400!
« Reply #29 on: August 05, 2011, 11:22:22 AM »
My posts were both in response to yours:

Firs you and EliKay were trying to predict what would happen based on past performance, hence my first post.

Then you posted a link to a CNN article in 2008 which you're saying predicted what is happened now (1929 redux), hence my second response (that in every dip they say that).
We shall see. We're down over 100 points this morning. I'm not saying it's gonna hit the toilet, a rally is definitely possible, but I don't see a recovery anytime soon
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Online AsherO

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Re: stock market drops 400!
« Reply #30 on: August 05, 2011, 11:25:24 AM »
We shall see. We're down over 100 points this morning. I'm not saying it's gonna hit the toilet, a rally is definitely possible, but I don't see a recovery anytime soon

Look at the bigger picture, up/down 100-200/day isn't a big deal, it only looks different in the context of yesterdays 513 point drop.
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Offline Chaikel

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Re: stock market drops 400!
« Reply #31 on: August 05, 2011, 11:49:16 AM »
VIX is up 15%. This isn't looking like another -100-200 day
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Online AsherO

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Re: stock market drops 400!
« Reply #32 on: August 05, 2011, 11:52:45 AM »
VIX is up 15%. This isn't looking like another -100-200 day

It's a roller coaster.
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Offline mercaz1

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Re: stock market drops 400!
« Reply #33 on: August 05, 2011, 11:57:36 AM »
still falling.
cramer is saying we might see another recession

Offline Yisha

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Re: stock market drops 400!
« Reply #34 on: August 05, 2011, 01:49:32 PM »
not to hurt anyone, but i think that someone that has money in the market is upset and all others are busy that its only a adjustment etc,

when you loose money its no adjustment !!  ??? yes, we all hope its an adjustment and things will be become better ASAP but ......

(you may disagree)

Offline elikay

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Re: stock market drops 400!
« Reply #35 on: August 05, 2011, 01:54:46 PM »
Past performance is not indicative of future results.
I would say does not guarantee future results, but you can definitely learn from past experiences.

Offline mercaz1

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Re: stock market drops 400!
« Reply #36 on: August 05, 2011, 02:00:09 PM »
well at least the market gained back some of its losses. as of now at least

Offline Chaikel

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Re: stock market drops 400!
« Reply #37 on: August 08, 2011, 10:26:13 AM »
Markets going down down down down
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Offline mercaz1

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Re: stock market drops 400!
« Reply #38 on: August 08, 2011, 12:38:23 PM »
ouch!
the market shows no signs of looking good

Offline hershy

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Re: stock market drops 400!
« Reply #39 on: August 08, 2011, 12:50:39 PM »
in other news gold in now by $1,714
Short and to the point.