I hope I don’t get laid off and have to dip into my 401K, because it has lost 20% of its value in the last couple months.
I’ll buy into a declining market. Sure, I might take a hit in the short term, but I’m not smart enough to predict the future. I just keep buying. From what I understand, the mortgage “crisis” is a very small percent of the total market, and the economy is humming along reasonably well. Stock market panic aside, I always love shopping in the bargain bins. Somehow I don’t think Walmart, GE, or others are going belly up. Either way, I intend to ride it out. I’m in it for the long term.
Europe is keeping its cool (unlike Asia). I see some sanity out there.
And if you are really buying into this market, when will you pull the trigger?
I’ve been following it all night. still ugly, but up from their lows. 554 now, they were down well over 600 earlier.
Bargain buying time...
Woo, this is like staring into a hurricane! Give me the best you got you whore!!!!
oh, wait, you mean, I lost 20k in the past 5 days? BONDS!!! BONDS!!
On CNBC this morning, Rick Santelli said people may find out their 401K is really a 301K after today. Modern digital trading magnifies every move of the markets globally, and traders finally had to admit in Asia that their stock markets still depend on the US economy.
Some of our young stock “experts,” such as Jonathan Honig, a Fox business contributor, actually believed that world economies were not affected by ours, a foolish assumption that cost him plenty the past 48 hours.
Calling President Hoover. Could you please fix this problem. Calling President Hoover.
Wednesday down 300 to 11,700. So much for the Fed action.
The DJIA is flying now. About back to even on the day. Turned around when I bought those 10 shares of (redacted) common stock.