Breaking News Thread

[Peelz]

Dow Jones industrial average falling below the 8,000 mark

Whats advisable? Keep pumping money into my 401k or slow it back a bit?

Now is the best time to buy.  Everything is cheap.  And I think you're a little young to be worrying about your retirement account.   

Yeah, kerkorian thought it was cheap and a good time to buy too...ended up losing over 700million out of a 1billion dollar investment as ford shares dropped from $7 to $2.

It IS a great time to buy.  And Kerkorian was a dumb ass for putting any money into Ford.  That's just common sense.

Common sense said hold on to Enron shares too.

Poor example.  It was a great company on paper, who knew they were cooking the books.  But you go ahead and keep your money in your mattress. 

Gotta be more safe than putting it into any company right now.

I could give you a list of at least 50 companies that I would dump money into.  Great times right now.

Shoot me your list...

Seeing every company except I believe... 10 out of the 3000+ on the nasdaq have lost money the past year and a half.....

and buddha, if you're trying to get peels out of his pants. take it to PM's... 

I won't answer them!

[socalrappy700]

yes, I agree.  But I expect a turn around some time mid 09.  And I don't see it falling at the same rate it has been.

[Krandall]

Dow Jones industrial average falling below the 8,000 mark

Whats advisable? Keep pumping money into my 401k or slow it back a bit?

Now is the best time to buy.  Everything is cheap.  And I think you're a little young to be worrying about your retirement account.   

Yeah, kerkorian thought it was cheap and a good time to buy too...ended up losing over 700million out of a 1billion dollar investment as ford shares dropped from $7 to $2.

It IS a great time to buy.  And Kerkorian was a dumb ass for putting any money into Ford.  That's just common sense.

Common sense said hold on to Enron shares too.

Poor example.  It was a great company on paper, who knew they were cooking the books.  But you go ahead and keep your money in your mattress. 

Gotta be more safe than putting it into any company right now.

I could give you a list of at least 50 companies that I would dump money into.  Great times right now.

Shoot me your list...

Seeing every company except I believe... 10 out of the 3000+ on the nasdaq have lost money the past year and a half.....

and buddha, if you're trying to get peels out of his pants. take it to PM's... 

Most companies have lost a ton over the last year and a half, but didn't anyone teach you to buy low?  Or did you really think it would keep falling forever?

I understand buy low sell high... simple concepts... my intent of the question was is now the right time to buy low? There's no end in sight right now to the market stopping its downward spiral.

Obviously the market in general is a huge risk because unless you have some super powers knowing the future its completely unpredictable.. Was just looking for some insight from someone who know's more about it than myself. that's all.

[LittleBuddha]

and buddha, if you're trying to get peels out of his pants. take it to PM's... 



[/quote]


I won't answer them!
[/quote]

Don't play...

[socalrappy700]

Dow Jones industrial average falling below the 8,000 mark

Whats advisable? Keep pumping money into my 401k or slow it back a bit?

Now is the best time to buy.  Everything is cheap.  And I think you're a little young to be worrying about your retirement account.   

Yeah, kerkorian thought it was cheap and a good time to buy too...ended up losing over 700million out of a 1billion dollar investment as ford shares dropped from $7 to $2.

It IS a great time to buy.  And Kerkorian was a dumb ass for putting any money into Ford.  That's just common sense.

Common sense said hold on to Enron shares too.

Poor example.  It was a great company on paper, who knew they were cooking the books.  But you go ahead and keep your money in your mattress. 

Gotta be more safe than putting it into any company right now.

I could give you a list of at least 50 companies that I would dump money into.  Great times right now.

Shoot me your list...

Seeing every company except I believe... 10 out of the 3000+ on the nasdaq have lost money the past year and a half.....

and buddha, if you're trying to get peels out of his pants. take it to PM's... 

Most companies have lost a ton over the last year and a half, but didn't anyone teach you to buy low?  Or did you really think it would keep falling forever?

I understand buy low sell high... simple concepts... my intent of the question was is now the right time to buy low? There's no end in sight right now to the market stopping its downward spiral.

Obviously the market in general is a huge risk because unless you have some super powers knowing the future its completely unpredictable.. Was just looking for some insight from someone who know's more about it than myself. that's all.

No problem, I'll PM you a list later tonight.  Right now I see strength in the medical field.  Yahoo was a great buy on monday, and bank stocks should be prime to pick up soon due to the bail out funds starting to take affect.

[Krandall]

psh, that's if the government gets off its ass and gets going with the bailout crap... now it just seems you have more and more big companies going.. "ooh government look over here. We're having problems too, we need x billion dollars to fix it....."

[socalrappy700]

everyone is in line for a hand out, but I'm sure the credit market will take precedence .

[Mad Dog]

Capitalists are all about laissez faire until they see their own neck on the chopping block.

[socalrappy700]

Capitalists are all about laissez faire until they see their own neck on the chopping block.

I agree, and someone has to write the check. 

Nice big word drop for peels.

[LittleBuddha]

Capitalists are all about laissez faire until they see their own neck on the chopping block.

I agree, and someone has to write the check. 

Nice big word drop for peels.

That was Mad Dog.   

[Flynbyu]

Yeah, and Ford and GM's rep flew to Washington on private jets.

Detroit to Washington via Northwest $288 roundtrip coach. First Class $857

Round trip via Gulfstream 4, $20,000.

~Brian

[Mad Dog]

Capitalists are all about laissez faire until they see their own neck on the chopping block.

I agree, and someone has to write the check. 

Nice big word drop for peels.

That was Mad Dog.   

Econ minor comes back to rear it's ugly head.

[socalrappy700]

Capitalists are all about laissez faire until they see their own neck on the chopping block.

I agree, and someone has to write the check. 

Nice big word drop for peels.

That was Mad Dog.   

He has his thesaurus out.

[socalrappy700]

Yeah, and Ford and GM's rep flew to Washington on private jets.

Detroit to Washington via Northwest $288 roundtrip coach. First Class $857

Round trip via Gulfstream 4, $20,000.

~Brian

They own the jet, but thats par for fuel costs, and uncle sam will be picking up that tab in a write off.

[Peelz]

laissez faire is a small word that appears fancy only because it is in french.

But thanks. It is a nice change from duals and nucular.