Basil II Posted October 13, 2008 Share Posted October 13, 2008 Bad ass bear markets are bad fer $800 per bottle Bordeauxs......they are harder to sell. -Robert Quote Link to post Share on other sites
Tweedling Posted October 13, 2008 Share Posted October 13, 2008 Go Dow Go!! Quote Link to post Share on other sites
Guest Jules Posted October 13, 2008 Share Posted October 13, 2008 Quote Link to post Share on other sites
Edie Posted October 13, 2008 Share Posted October 13, 2008 Did you get in before the rise? No. One day's up market does not a sustained increase make. Quote Link to post Share on other sites
MattZ Posted October 13, 2008 Share Posted October 13, 2008 No. One day's up market does not a sustained increase make. Of course, but anyone who sold last week locked in losses and has already missed 5% of the upside from today. I am not going to question your brother -- I am sure he knows what he is doing. But for purposes of this discussion, waiting for a sustained increase, after selling at a low point, only ensures that you've locked in your loss. You need to be in for the rally back to make up what you lost when you sold. Quote Link to post Share on other sites
Edie Posted October 13, 2008 Share Posted October 13, 2008 Heh, I could get the buy sign from him ANY MINUTE!1!!! Quote Link to post Share on other sites
ZenLunatic Posted October 13, 2008 Share Posted October 13, 2008 No. One day's up market does not a sustained increase make. So you think we are still in an overall downward motion still? Could the DOW go lower than Friday's low? I know there will be fluctuations to come, but isnt this the upturn you wanted? Quote Link to post Share on other sites
ZenLunatic Posted October 13, 2008 Share Posted October 13, 2008 I think the fact that the Europe and Asia are now helping out along with the fact our near trillion dollars is coming is creating more more confidence. This will brings things back for the time being. I guess if we go down in the future, we will bring Europe and Asia with us. Quote Link to post Share on other sites
ZenLunatic Posted October 13, 2008 Share Posted October 13, 2008 Holy Shit! Over 900 points in one day. record setting. lots of money being lost and made here. The recession is yet to have effects on my streets, I'm sure thats to come. Quote Link to post Share on other sites
Moe_Syzlak Posted October 13, 2008 Share Posted October 13, 2008 Well I think his point is still sound. Time to look for bargains. For eg, if you had bought AAPL before the bell today, you'd be a happy camper.87 at that point; 110 now. Quote Link to post Share on other sites
MattZ Posted October 13, 2008 Share Posted October 13, 2008 87 at that point; 110 now. You bought? Quote Link to post Share on other sites
ZenLunatic Posted October 14, 2008 Share Posted October 14, 2008 How about some predictions on good stocks going into the recession. I figure no matter how bad the recession gets, people will always buy food and medicine. KR 25.37 - KrogerWAG 24.59 - Walgreens Quote Link to post Share on other sites
remphish1 Posted October 14, 2008 Share Posted October 14, 2008 Dow at 9750! Rock on! Quote Link to post Share on other sites
austrya Posted October 15, 2008 Share Posted October 15, 2008 Who at AIG thinks this is ok?New York state attorney general orders AIG to end 'extravagant' expendituresCash-strapped insurance giant's executives recently flew by private jet to a partridge hunting party in BritainAndrew Clark in New Yorkguardian.co.uk, Wednesday October 15 2008 23.22 BST larger | smallerThe cash-strapped American insurance company AIG has been ordered to "cease and desist" improper use of taxpayers' money after senior executives flew by private jet to a partridge hunting party at a 17th century English manor house. New York state's attorney general, Andrew Cuomo, today accused AIG of breaking the law by bankrolling "unwarranted and outrageous" junkets in the wake of a $123bn bail-out by the US government to save the firm from bankruptcy. "The party is over," said Cuomo at a press conference. "No more hunting trips. No more luxury resorts. They are not going to have the party and leave the hangover for taxpayers." A Sunday newspaper revealed that a group of AIG's European bosses spent more than Quote Link to post Share on other sites
uncool2pillow Posted October 16, 2008 Share Posted October 16, 2008 Oil has dropped below $70. Right now, I'm paying around $2.50/gallon for gas. That's affecting my personal bottom line much more than the Dow. Especially since my wife's employer (Wells Fargo) went up yesterday despite the market's tank and their less than hoped for earnings report. Quote Link to post Share on other sites
Duck-Billed Catechist Posted October 16, 2008 Share Posted October 16, 2008 http://cuna.org/newsnow/08/wash101308-1.html I Quote Link to post Share on other sites
austrya Posted October 16, 2008 Share Posted October 16, 2008 I wouldn't mind joining a credit union, but the closest branch is in Ann Arbor, which is 30 miles away. Plus, I'd have a fee any time I would use an ATM around here because none of them are credit union ATMs. At least with my bank, there's a branch and an ATM in town. Quote Link to post Share on other sites
Duck-Billed Catechist Posted October 16, 2008 Share Posted October 16, 2008 My credit union is part of 2 or 3 networks of banks that mutually offer free ATM withdrawals or deposits. It's saweet. Edit: Said Ann Arbor CU also seems to part of one http://www.co-opfs.org/public/locators/atmlocator/index.cfm , check there to see if there are any nearby. Quote Link to post Share on other sites
remphish1 Posted October 16, 2008 Share Posted October 16, 2008 OIL BELOW $70 A BARREL!? No one seems to be talking about drilling anymore Quote Link to post Share on other sites
austrya Posted October 16, 2008 Share Posted October 16, 2008 My credit union is part of 2 or 3 networks of banks that mutually offer free ATM withdrawals or deposits. It's saweet. Edit: Said Ann Arbor CU also seems to part of one http://www.co-opfs.org/public/locators/atmlocator/index.cfm , check there to see if there are any nearby. Where I am there are only 4 within a 15 mile radius, the closest being over 5 miles away. If I were closer to Ann Arbor, it would definitely be feasible. I take that back, there are 2 within a 10 mile radius, once I get to 12.5 miles, there are a bunch of them, many in restricted areas like Ford plants and such. Still too far for me to use for my daily banking. Quote Link to post Share on other sites
Duck-Billed Catechist Posted October 16, 2008 Share Posted October 16, 2008 Time to open your own! Quote Link to post Share on other sites
cryptique Posted October 16, 2008 Share Posted October 16, 2008 I have lived in Ann Arbor now for over nine years, but my account is still with my longtime credit union in Kalamazoo, over 100 miles away. I just never saw a need to move my account over here -- I use my debit card for most things, I get cash mostly at the grocery store (cash back on debit purchases with no fees), and there are enough "free" ATMs around that I never go wanting. I even took out a car loan through my CU using a local credit union service center over in Ypsilanti. Plus, a year or two ago my CU struck an agreement with 5/3 Bank that allows me to use their ATMs for free, so that really opened up my ATM options. And yes, I my credit union. Quote Link to post Share on other sites
ZenLunatic Posted October 17, 2008 Share Posted October 17, 2008 So..... alot has happened. Govt buying $250 billion in major bank stocks with requirements on certain practices with no choice given to the banks. = PURELY WRONG!!! I cant believe we are letting this happen. What is our country coming to? Also can anyone explain to me what they mean when they say they will buy up bad mortgages and help the buyer refinance so they can make things work? Isnt too general of a statement? What if there is huge losses that cant be paid, where do they go? Does the govt actually think that people will suddenly start saving now and pay everything back later after we bail them out of their bad risks? This whole thing is gonna make a bigger explosion. But anyways, today Buffett publically announced he is buying up stocks with his personal funds and think we should. Stocks are rising. Quote Link to post Share on other sites
Guest Jules Posted October 17, 2008 Share Posted October 17, 2008 But anyways, today Buffett publically announced he is buying up stocks with his personal funds and think we should. Stocks are rising.I thought he gave away all his coin? Quote Link to post Share on other sites
MattZ Posted October 28, 2008 Share Posted October 28, 2008 To get back to our earlier discussion -- if you lost a lot in the market over the last month or two, you did NOT want to be on the sidelines today. Waiting for the rally often means missing the rally. Up 10% today. (Who knows if it's not just down 9% again tomorrow, but still...) Quote Link to post Share on other sites
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