http://money.cnn.com/2008/09/15/markets/markets_newyork2/index.htm?cnn=yes
anyone wanna speculate on tommorow? im guessing its gonna keep going down
anyone wanna speculate on tommorow? im guessing its gonna keep going down
stock market seriously in the shitter
- Thread starter Chris.
- Start date
YAY depression FTW, better stock up on shotties and ammo
I think it will calm down, just the sale of Merrill Lynch and Lehman going under shook confidence. Things will come back again they always do.
I don't know. Usually this is an overreaction and it'll make a decent jump back up tomorrow and hang there for awhile. While it is bad news, i think the markets went a little crazy.
I've been thinking about throwing some more money into Citigroup (C). With another couple hundred shares, i might be able to bring my average cost per share down to below the average of the last couple weeks. Might finally get back into the black on that position.
Today was a bad day though. I lost an absolute shitload of money.
This is crazy. S&P down 3.7%
I'm torn on what to do, though. This could be a wonderful buying opportunity, but it caries a ton of risk too.
Shiznit
Stickin it to the Man
Registered VIP
Registered OG
5+ Year Member
10+ Year Member
15+ Year Member
if i were in the stock market i would wait this one out. it is a great buying opportunity for sure. the stock market will eventually make a come back. but you never know how much lower its going to go before it makes its rebound.
Not true.
Government information will show you that since President Lyndon Johnson, all the Democratic administrations have had revenue grow more than expenditures. The Republican administrations all have had expenditures grow more than revenues.
Based on that little bit of consistancy, if McCain and "lipstick pig" win, where will we be in 4 years?
Based on that little bit of consistancy, if McCain and "lipstick pig" win, where will we be in 4 years?
With more people taking loans out on houses they can't afford and then defaulting?
...and then the government bailing out companies that make bad financial decisions using the taxpayer's money.
I like the opportunity to buy with the situation that the market is in right now. It will allow more people to invest. I only have stock in Wisconsin Energy but with the markets being low this is inticing me to get more involved and start to diversify.
Shiznit
Stickin it to the Man
Registered VIP
Registered OG
5+ Year Member
10+ Year Member
15+ Year Member
i might have to jump on that as well, seeing how over the past 5 years or so they have been selling for around $50Just bought 700 more shares of C @ $13.95
recession, not depression.
i wouldn't invest at all right now... i think that's a huuuuuuge risk.
It is. But the possible gains are huge was well. The risk is worth it for me, in this case, but obviously many others don't think so
Short term i'd be incredibly scared and would be pulling money out, but long term i'm sure the financial sector will rebound. If Citigroup makes its way back to it's average price of the last 5 years, within the next couple years, i'll be doing pretty well
Of course, if Citigroup goes under, there goes all my savings towards a down payment on a house
yeeeaaahh, i'd be scared. all these banks going down... yep, i'd be one of the ones running scared. i wouldn't think about investing now unless i had a ton of money i didn't mind losing.