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No thread about the market drop today?

Discussion in 'Survival/Preparedness Forum' started by poodleshooter1, Aug 5, 2011.

  1. poodleshooter1

    poodleshooter1

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    May 3, 2005
    Glad I cashed out of AMD recently when it jumped up 20% and kept the money in cash. :whistling:

    It will be a while before I put the money back in, going to wait and see what happens with the economy for a bit.
     
    Last edited: Aug 5, 2011
  2. smokeross

    smokeross GTDS Member #49

    6,685
    1,302
    May 15, 2011
    Alaska
    Everyone is too busy liking their wounds and hoping they don't get finished off tomorrow.
     


  3. 4TS&W

    4TS&W 2A RKBA 4EVER

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    Jul 20, 2002
    here and there...

  4. Hehehehe, how much money do you figure you'll loose as the Dollars that the 20% you just got loose value/buying power like a rock?
     
  5. RatDrall

    RatDrall

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    May 23, 2009
    No one here is surprised.

    Most have prepared by moving into safer things by now. Not much sympathy for those who haven't learned, over the last 10 years, how fragile our economy is right now and prepared accordingly.
     
  6. PAPACHUCK

    PAPACHUCK

    790
    2
    May 24, 2006
    Who Dat Nation
    Beware of electronic money.

    You don't really have it.

    Own what you have.
     
  7. poodleshooter1

    poodleshooter1

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    May 3, 2005
    My money has gained value. The lead, copper and brass I invested in years ago and have been since then has trippled in value.
     
    Last edited: Aug 5, 2011
  8. SilverCity

    SilverCity

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    Mar 9, 2007
    The Old West
    ^^^wisdom

    SC
     
  9. Akita

    Akita gone

    2,025
    1
    Jul 22, 2002
    Agreed. Keeping it in cash is as bad or worse than anything you can do right now imo.

    (tho i dont think the snickering is called for)
     
  10. poodleshooter1

    poodleshooter1

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    May 3, 2005
    Pour it into ammo, guns and mags?
     
  11. cowboy1964

    cowboy1964

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    Sep 4, 2009
    U.S.A.
    Israeli market is down 7% today. Monday is going to be interesting. The Asian markets should be opening soon.
     
    Last edited: Aug 7, 2011
  12. poodleshooter1

    poodleshooter1

    1,844
    0
    May 3, 2005
    I remember there were people thumping their chests after the drop the other day because they bought in heavily thinking the price was a bargain, and it was. Problem is that it is just going to go down more and more for a while.
     
  13. SilverCity

    SilverCity

    443
    0
    Mar 9, 2007
    The Old West
    It's called trying to catch a falling knife...ouch. :tongueout:

    SC