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Dow Jones Industrial Average (^DJI) 10:54AM EDT: 10,404.62 -106.33 (1.01%)
YahooFinance ^ | 5/19/10

Posted on 05/19/2010 7:57:37 AM PDT by Kartographer

Dow Jones Industrial Average(DJI: ^DJI) Index Value: 10,409.38 Trade Time: 10:54AM EDT Change: 101.57 (0.97%) Prev Close: 10,510.95 Open: 10,505.70 Day's Range: 10,361.77 - 10,522.52 52wk Range: 8,057.57 - 11,309.00

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy
KEYWORDS:
Another day another rollo coaster ride!

1 posted on 05/19/2010 7:57:37 AM PDT by Kartographer
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To: Kartographer

I bailed at 10,390 months ago.
Sleep better now.


2 posted on 05/19/2010 7:59:13 AM PDT by Eric in the Ozarks (Impeachment !)
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To: Kartographer

So are we headed for 8,000 or 5,000?


3 posted on 05/19/2010 7:59:26 AM PDT by sarasota
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To: Kartographer

4 posted on 05/19/2010 7:59:46 AM PDT by frogjerk (I believe in unicorns, fairies and pro-life Democrats.)
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To: sarasota

Be careful!.....Some freepers here are very sensitive about reporting the negative market. It appears they are hanging on.....


5 posted on 05/19/2010 8:06:36 AM PDT by AngelesCrestHighway
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To: Kartographer
Who needs the accountant with the fat finger taking us down $1000 in minutes, when it is so much less noticeable when we can do it in 100 or 150 chunks. We only have a few hundred more to go and we are at the level that dropped jaws all over Wall Street.
6 posted on 05/19/2010 8:07:14 AM PDT by NavyCanDo
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To: sarasota

I’ll buy again at 7,000. Worked like a charm last time.


7 posted on 05/19/2010 8:07:58 AM PDT by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: NavyCanDo

Death by a 1000 cuts?.....no pun intended.


8 posted on 05/19/2010 8:08:30 AM PDT by AngelesCrestHighway
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To: Kartographer

White balding guys with fat fingers wearing red shirts..Again!


9 posted on 05/19/2010 8:08:57 AM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: Kartographer
WHEEEEE!!!!


10 posted on 05/19/2010 8:09:47 AM PDT by OB1kNOb (When injustice becomes law, resistance becomes duty. - Thomas Jefferson)
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To: Thrownatbirth

“I’ll buy again at 7,000. Worked like a charm last time.”

Good that way I can buy at 5000 and make some money. ;-)


11 posted on 05/19/2010 8:12:05 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Kartographer

“I’ll buy again at 7,000. Worked like a charm last time.”

Good that way I can buy at 5000 and make some money. ;-)
_________________________________________________________

What’s interesting is that unlike two months ago when all of the usual lackeys crowed about “turning the corner” and “green shoots”, the prevailing opinion and market indicators are that the market will go lower, it’s just a matter of how low. I dumped out at 10800 and will sit this one out until either 8000 or the GOP takes control in November.


12 posted on 05/19/2010 8:20:56 AM PDT by festusbanjo (It's not that we tax too little, it's that we spend too damn much!)
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To: sarasota

3800 by late 2010.


13 posted on 05/19/2010 8:33:49 AM PDT by Signalman
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To: NavyCanDo

Traders call those ‘omen prints’ or ‘magnets’ and the market always goes there.
After that Thursday I said somewhere on FR.....don’t worry it WILL go there.


14 posted on 05/19/2010 8:48:50 AM PDT by sheana
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To: NavyCanDo

Absolutely.

After experiencing exactly this sort of slo-mo decline over and over starting in the mid-1970s, we bailed completely and went into cash 2 years ago. We spent many agonizing hours contemplating a no-interest environment. In fact, during prior crashes, I was envious of those who had stuck to cash. Now, I hear formerly cash-only proponents echoing our own mantra of *buy and hold, it will always come back* as they nervously soothe themselves over various dips.

All our PM was purchased for use as jewelers back in the 1990s. We won’t sell it, as we would get below spot or have to pay a premium to sell the purest of it.

The smartest investor I know went all cash into laddered CDs after 1987. Everyone told him he was paranoid. Now, he looks prescient.

I watch the markets out of a 30-year habit and am amazed at how I now only look at it in macro terms and sleep better for that. When tool prices decline, we invest in those. Otherwise, we rely on our skills and so far, that, along with a lifetime habit of frugality, has proven to be the best bet.


15 posted on 05/19/2010 8:55:24 AM PDT by reformedliberal ("If it takes a blood bath, let's get it over with." R. Reagan)
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To: Kartographer
Europe Closes And Selling Gets Worse: Dow Falls 160, NASDAQ Down 1.8%
16 posted on 05/19/2010 9:04:27 AM PDT by blam
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