HOly friken stock market batman!!

[Gimpster]

about the only way you are gonna make any $$ soon is in oil.

that is what I did


----- Gimpster -----

 

[spring snow hero]

yup, it sux, but if you can't beat em..............

 

[Fosgate]

I'm almost thinking buy Euro's.

 

[yardfarmer]

yep, losing my arse..., worse than that..., had money in an account for my son's post high school education.., I have lost half of it on the words of agent last August..., Quote "We are at the bottom, now is the time to put more money in to ride the upswing". Well I didn't put more money in for a couple reasons.., I don't know fellas..., it may get real rough and I am not just talking about money!

 

[Gimpster]

I'm almost thinking buy Euro's.

A friend of mine bought country's money when we went to war with them. Their money was worth nothing when he bought in. The numbers he has made when their money gained value is stammering.

----- Gimpster -----

 

[Ollie]

The US banking system was f@cked long before Obama was elected.
What's going on now has ZERO to do with what he's doing.

http://finance.yahoo.com/news/Bank-fears-hit-Wall-rb-14428816.html
They were in a mess, but if they had let the really bad ones go under and simply paid off on the insured accounts, we would be in a LOT better situation now.
Instead, people are selling everything in preperation for Obamanation to take em over.

But don't worry, it'll be our money he uses.

 

[opus]

Buy gold or silver.

No, no no....not yet. Way to volatile and too costly. It needs to come down a couple hundred before you buy.

 

[spring snow hero]

No, no no....not yet. Way to volatile and too costly. It needs to come down a couple hundred before you buy.

I agree and disagree. it is at a premium right now, but it appears to be holding its own. I have family in gold mining and they are seeing great returns on their co's stock.....because mining costs are down and the price is up. I would say silver might be a more easily traded currency if it all goes to heck and we end up on the barter system.

 

[Fosgate]

But the whole Idea of the stock market is to BUY LOW and SELL HIGH. Why the h.e.double hockey sticks would you buy gold or precious metals when they are selling high? That's a done market. Now is the time to vest in other things that are on sale (low) and precious metals are not. Don't pizz your money away to make (or loose) a few bucks on precious metals when the market direction is primarily to go down. Keep your money where it's at and start buying other stuff that's reputable to go up when things recover.

 

[MTm7]

sorry to hear it. about the only way you are gonna make any $$ soon is in oil. you should be able to keep $$ in metals, but be sure you buy actual coins....not certs.

welcome to what happens when a republic becomes a democracy which decides to try socialism.....this is just the begining.

socialism just creates a vacum so to speak....or better said its a stepping stone to another, read ominous, system of "governing" the people. i will post this video again as i think it is VERY helpful to understanding where we could be headed.

http://www.wimp.com/thegovernment/

as i watched this video something the narrator said struck me... when speaking about the anarchy system.... he said "they(anarchists) use anarchy as a tool of change"... sound familiar?? the very ones that create the turbulence are the ones that will take over power and setup a tyrannical system of government.... people are willing to "trade freedom for the promise of security". does anybody else see a striking similarity? though its not actual physical anarchy but rather monetary anarchy.... metaphorically speaking of course. it is my opinion(remember that when critiquing it) that this whole financial debacle has been orchestrated so as to gain absolute control of the people. does anybody remember rham(sp?) emanuel saying this? http://www.brainyquote.com/quotes/quotes/r/rahmemanue409199.html
and thats obama's right hand man. did anybody see or read obama's speech regarding the possible housing bailout? im curious how many times he used the word "crisis"? there definitely is a storyline here i just cant wrap my mind around it. it appears they are implementing saul alinsky's tactics to a T!

sorry not really on topic but i believe its pertinent.

 

[jimmy buffet]

The problem with the banks is Obama has a big damn mouth.
He mentioned he wanted to do with the US banks what the Swiss did with their banks.
Nationalize them and then try to sell them to the free market.
THe problem with this is the fact the swiss still own the banks.
They nationalized them all right, and then kept them.
The US banking system is terrified that Obama is going to nationalize the US system. That is why everyone is selling like crazy.

http://finance.yahoo.com/news/Citigroup-shares-fall-below-2-rb-14423511.html

WE HAVE A WINNER>>>>>>>BING BING>>>>>


ollie is right on all post............

not all obamas fault.......bush and clinton toooo............

Clinton was not as good as people thought he was......when he left he really jacked things up and its gone down since then.......tooks alittle time.....bush made it worse......obama making it worse.........


WE ARE ALL SCREWED.............

problem is everyone is really broke.....even our country is broke.....banks....credit cards......will need to rebuild the old fashion way....

If you dont have the cash to buy it....save up then buy it....minus a home.....that includes cars......reastablish trust in lenders....dig our selfs out and it 30 or so years do it all over again.....if the earth is still ticking....

 

[Mafesto]

Keep your money where it's at and start buying other stuff that's reputable to go up when things recover.

Exactly.

Cost averaging will mitigate some of the damage that's been done.







I hope!

 

[Jeff C]

I hear ya about keepin it in.

I just could not take it anymore. I had some financial stocks that I had to get rid of.

I am stock piling cash, to get ready for the bottom.......


We will see if that was the corect move.

 

[Ollie]

I actually thought it would bottom out at around 7500.
Didn't count on the nationalism of the banks.
With that info, the stock market could hit 6000.
Now I wait and watch.
I lost 20k before I dropped the stock market. Buddy of mine decided to stay in.
He is down over 120k.

 

[tc_villain]

Man, reading this brings me down. I feel sorry for you guys and wish you luck. I dont have anything invested thankfully (i guess) so its going to be a good time for me to do so now, but man, its a hit for some of you guys. Tough to swallow for sure.

 

[BottomFeeder m7.]

Quick Quote
Last 7,365.67
Change -100.28
% Change -1.34%
Previous Close 7,465.95
Day's Low 7,249.47
Day's High 7,469.29
Volume 584,899,403
StockScouter Rating NA
Detailed Quote

1-Year Chart
Chart graphic

Advanced Charts: Intraday 1 Year 3 Year


this sucks.

 

[Jeff C]

BFM7

Take a look at Diamond offshore drilling (DO)

Guess whereI bought it at?

It is a drill rig manufacturing company. Seemed like a real good stock even a year ago.............

It is less than half of what I bought it for..........

 

[H2SNOW]

the time for investing is over ...fill your pantries and buy bullets ...

 

[Mafesto]

the time for investing is over ...fill your pantries and buy bullets ...

It's that "Chicken Little" mentality that's contributing to the downward spiraling market prices.
If we all follow that advice it becomes a self fulfilling profecy.

The sky is not falling, everything will be ok.
But the times of blind trust in your investments are over.
We will have to do further investigating of our investments to ensure that the numbers are as they appear.

 

[H2SNOW]

It's that "Chicken Little" mentality that's contributing to the downward spiraling market prices.
If we all follow that advice it becomes a self fulfilling profecy.

The sky is not falling, everything will be ok.
But the times of blind trust in your investments are over.
We will have to do further investigating of our investments to ensure that the numbers are as they appear.

tell your president to stop calling everything a "Crisis" and take Bills advice and start talking about the great future and how everthing is going to be great .....

in the mean time I gotta buy 6 more cases of canned food today ...