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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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    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

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    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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    here and there...
    there were a couple of threads..
     
  4. TreverSlyFox

    TreverSlyFox

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    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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    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

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    Beware of electronic money.

    You don't really have it.

    Own what you have.
     
  7. poodleshooter1

    poodleshooter1

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    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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    ^^^wisdom

    SC
     
  9. lawman800

    lawman800 Juris Glocktor

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    It just keeps getting better, don't it?
    What else is new...
     
  10. Akita

    Akita gone

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    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)
     
  11. poodleshooter1

    poodleshooter1

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    Pour it into ammo, guns and mags?
     
  12. cowboy1964

    cowboy1964

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    Israeli market is down 7% today. Monday is going to be interesting. The Asian markets should be opening soon.
     
    Last edited: Aug 7, 2011
  13. poodleshooter1

    poodleshooter1

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    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.
     
  14. SilverCity

    SilverCity

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    It's called trying to catch a falling knife...ouch. :tongueout:

    SC