Dow set to open down 550
 

I'm going back to bed

FTSE -7%
Japan -9.6%
China - 8.3%

This bear don't play

The stock market will continue like a Jojo for some months.
We just need to get the interbank market started again.

Change my mind. I'm up to buy. Good luck ;-)

Hey Colin. My :2 cents: we need a better low. (e.g. another diverging momentum low)

At the opening bell this morning, it was already down 300plus points

I wont buy yet........ things are gonna keep going downhill. Theres no good news out there and house prices are gonna keep going down and companies still selling shares to meet bills and shit. You might get some spike if Obama wins but then after christmas its probably down again.

not even worth looking at the portfolio today

Damn, id hate to *have* a portfolio in this market........

The great thing about being on UK time is that the DOW opens at 2.30 pm UK time. So youve got like so much time to plan your limits before the open without feeling like you need another hour or two sleep time.

When everyone is crying, you should be buying.

Thing is, most people either have no liquidity or never had any assets in the first place.

never made it but the day is still young LOL

i bought several stocks about 20 minutes after the open.

Naz made a new low, S&P retested its low, but DJIA never made it, you are correct.

missed you at the island gathering.

Dude you were there? Damn so many people there so little time to get to hang with everyone

could have used another day.

hows everything with you?

fuck the stock market. i never understood why people are allowed to gamble on peoples livelyhoods like that. when its good, its only good for them. when its bad everyone suffers.

Yeah, even hung out an extra day. Had the wife and kid with me.

I never saw you so I thought you missed it.

Things are well. You? See you in Panama?!?!

:helpme

What are you trying to say?

The stock market is only reflecting the housing and credit market. Who's gambling on whos livelihood? If people want to invest, whether they do it themselves or hire someone, should know the risks involved. Nothings guaranteed. We aren't in this situation because of the stock market, this is because of people living beyond their needs.

In fact, I hope we do see a major flush with the indexes more. I thought we were going to witness it today since the markets had to shut down over night from too much of a drop. Maybe we'll see it at the end of the day, hopefully. We need to see capitulation, and soon. Hopefully this thing will throw up so we can finally get back to normal trading. Couldn't be happier to sit here and witness history being made though, pretty cool.

Mortgage backed securities should never of been allowed, they were investing money that didn't even exist. Stocks are largely based on the rise and fall of companies. For example, gm stocks fall, employees get laid off, etc. Thats what i am talking about when i say peoples livelyhoods.

That makes me sick

You have a weird view of how these things work.

There is nothing wrong with mortgage backed securities any more than there is something wrong with mortgages. Not sure if you own a home or not, but most people cannot afford to acquire one without taking on a mortgage.

Issuing stock to the public is one way that companies are able to expand. They are also then subject to public disclosure and more regulation.

What you are doing is using selective reasoning or the enumeration of (un)favorable circumstances while ignoring all the progress made within this system over time.

Setting policy aside, the one common denominator that is relevant to both wall street and main street is that crowd behavior in relation to fear and greed is part of human nature.

Things are great. We should actually talk I think can refer some biz your way.

Panama is on my list for sure.

I didnt even know you were there. I didnt see you in the guide.

Hope you and yours are all well :thumbsup

I'll admit I don't know much about the stock market. Never got involved in it. All i know is a) I don't benefit from it b)I and everyone else suffers when it crashes

Was not in the guide, but on the website. Hitting you up now. :thumbsup

Dude...... with all due respect you should learn more about it. It isnt evil.

Its not because the stockmarket is crashing that people are suffering. Its because theres a financial crisis and a looming recession and a collapse in credit amongst many other things that is resulting in a loss of jobs (the stockmarket falls in response to that situation).

A lot of the growth in western economies for the last ten years was a complete charade, it was largely based on credit. So blame your government, dont blame the free market.

Well, my advice is to start learning now. The capital markets are important to understand, not just so you know how they work and how you can participate, but also when to watch out when things get to frothy.

Not everyone suffers when it crashes. :2 cents:

Bump for those who wanted to see a better low. :-)