The Market's down 10% in 2 weeks and no GNG thread?

Discussion in 'The Okie Corral' started by Dennis in MA, Feb 5, 2010.

  1. Dennis in MA

    Dennis in MA Get off my lawn

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    C'mon. Someone tell me the sky is falling and I need to race to the exits.

    Someone else tell me they sold in March of 08 and were so smart they didn't buy in March of 09.

    Please????
     
  2. Jon91N/A

    Jon91N/A

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    Yeah I was worried something like this could happen soon. I should have sold off more when I had the chance :faint:
     

  3. southernreign

    southernreign

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    I dumped everything before the fall of 2008... I did not go back in it either...
    Have purchased Gold and Silver.... those are down too.... But, I expect them to turn around unlike stocks.
     
  4. JBnTX

    JBnTX 2 Timothy 2:15

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    I could care less what the market does today.

    I still have a ten year time horizon and the stock market will certainly
    be a lot higher in ten years when I need my money.

    I've been investing since the mid 70's and right now still have a lot (A LOT)
    of profit in the market.

    I've held on through many recessions and they all have one thing in common.
    During each one the popular consensus was that, "this time it's different".

    Don't believe it!

    The market will recover and very soon Obama and his kind will be just a
    memory.
     
  5. Nestor

    Nestor Lean & Mean

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    The markets will be up by 20% around the summer.
    If not the one that is coming, then the next one for sure.
    So, it's all good.
     
  6. TBO

    TBO Why so serious? CLM

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    <-----is going to buy more "discount" stocks today (to go along with the discount stocks I currently have) :homer:
     
  7. JBnTX

    JBnTX 2 Timothy 2:15

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    That's right, stocks just went on sale!
    It's time to buy, NOT get out.

    Duh? Why can't everyone figure that out?:dunno:
     
  8. Free Radical

    Free Radical Miembro Antiguo CLM

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    Market correction. It will be back. Hold for the long term.


    This post has the same value as the rest of the financial advice that one receives on a gun board.
     
  9. Isaiah1412

    Isaiah1412

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    Well you do at least have one thing right, buying when the market is down. Why would you buy when the price on everything is up? :dunno:

    Oh, yeah, because you get your financial advice from MSNBC and that fat dude who screams a lot. :faint:
     
  10. Bruce H

    Bruce H

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    Well it is tax time and the IRS cut has to come from somewhere. Plus remember they are buying shotguns.
     
  11. ElevatedThreat

    ElevatedThreat NRA Member

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    These steep market dives based on worries over bad government debt/spending/taxing policy have acquired a new name:

    It's an "Obama Rally"

    -ET
     
  12. TurboRocket

    TurboRocket

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    Bulls make money, bears make money, pigs get slaughtered.

    Since the 1st of the year, I had been looking for a tag of S&P 1039 before a move higher above 1150. If we lose 1039ish, it will get ugly for about another 80 - 100 S&P points. I am unsure if this is the bottom, but I think we will have a very good bounce next week - yesterday's correction was overdone, IMHO. I think the big boys moved the market today to test support in the 1040s today, and to pick up some easy dead retail money. Either way, I think we are headed to 1200 -1250 by July. This correction is healthy for the markets in the long run.
     
  13. farmer-dave

    farmer-dave

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    The sky is falling, run for the exits. There don't you feel better. So is anyone buying toyota stock.
     
  14. LEO/Dad

    LEO/Dad Navy Veteran

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    Two weeks ago Warren Buffett did a 50/1 split on his Berkshire B shares, making them affordable for his new Burlington Northern Railroad shareholders. I bought a handful, my son bought two handfuls. If Warren can spend 26 Billion for B/N because he has confidence in America, I guess I can jump in also. I own CD's and Mutuals, this is my first individual stock. When you look at BRKB, it owns about fifty companies..........a lot like a Mutual.
     
  15. Dennis in MA

    Dennis in MA Get off my lawn

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    Holy fleep. The sucker closed UP yesterday.

    Wow. What a ride. LOL

    I'm truly shocked by the maturity of GT investor-types. Did we just lose all the gloom'n'doomers or do they take Friday's off?
     
  16. certifiedfunds

    certifiedfunds Cosmopolitan Bias

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    I'm on the sidelines since 10/09

    Expect to be there for a while
     
  17. tongix

    tongix

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    COuld this be a prelude of more things to come ? A second wave of the recession as the socalled experts predicted? LOL
     
  18. Aurora

    Aurora

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    No one REALLY knows where the market is going. Even the best in the world are only 30% accurate. Anyone who disputes this, or can exceed this average, needs to take a job at a hedge fund. They'll OWN the world in short order.

    Personally, I'm watching the predictions of the folks who advocate Elliot Wave and other such ideas. It'll be interesting to see how they fare in this particular set of conditions.

    If you like to play the odds, then you should bet on the market going up. However, be advised that every POV encounters a set of conditions that defy logic to the practitioner, and thus wipes them out.

    If you lose 50% of your money then you have to quit and reevaluate what you are doing. Those are the rules.

    V.
     
  19. Tx_Angus

    Tx_Angus Wage Slave

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    Tiny Timmy and Gay Ben will make sure (using YOUR money) the DOW never closes below 10k. Just watch...
     
  20. JBnTX

    JBnTX 2 Timothy 2:15

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    I certainly hope so!

    The longer the market stays down, the higher it will soar when it finally
    breaks loose.

    It's always done it in the past, and this time is no different.

    Everything that's happening today is setting the stage for the next major
    bull market in stocks. Now is the time to get into the market and stay there.

    If you're under 40 with a 20yr investment time horizon, you should be praying
    for another major market crash so you can invest all the money you can.

    You make money in the market by buying low and selling high.
    Too bad most people don't understand that!
     
    Last edited: Feb 7, 2010