DOW Below 6700 10:17AM CDT 6,679.19 Down 196.65 (2.86%)

Yahoo Finance ^ | 3/5/2009 | DOW

[Dallas59]

But like Dear Leader says...We shouldn't worry about the daily "gyrations" of the Stock Market.

[Glock19C]

yep, I've been saying that the S&P has been undervalued for awhile. Now I really think that it's undervalued. Index investing isn't "sexy" enough for some people. But, it just works.

Rightly or wrongly that's me. I'm more or less 100% in the Spiders and have resisted the urge to cash out. It's been hurting going down but that dividend yield sure looks nice at the moment. I'm not however putting new money into the market other than reinvesting dividends.

[Dallas59]

Below 6600 now. 6,568.56 -307.28 -4.47%

[668 - Neighbor of the Beast]

6,570.55

3:39pm 03/05/2009

Change:-305.29

[668 - Neighbor of the Beast]

Old Jackie Mason gag:

“My uncle was wiped out in the crash of ‘29. This rich stockbroker jumped out a window and fell on his pushcart!”

[kcvl]

Obamanomics!

[GOPJ]

Usually when the weeping and wailing and gnashing of teeth is at its apex, is the best time to buy. Just like when everyone is jumping in with both feet is the time to sell...

Normally I would agree with you - but Obama and dems are trying to prop up the price of tulips - and for those who lost their shirts buying $400 bulbs he's coming up with refinancing scams.

In short, the "smart money" is waiting - they know better. Tulips are not viable.

The "not so smart money" has been putting their toes in the water for some time - only to have them frozen off. You're right in the looooooong run - but we're not there yet.

[GOPJ]

People with S&P index funds have not fared well this past year. Other than that historically eventually things turn around, what are you basing your sunny optimism on? Japan’s been down for more than 15 years...

[GOPJ]

We are 5 years until retirement (?) and frightened...

I understand your fears. I'm retired now - and it's pretty scary.

[meyer]

I've been saying that the S&P has been undervalued for awhile. Now I really think that it's undervalued.

As long as our government has strong marxist tendencies (and it does with the current regime), "undervalued" means little.

[wbill]

Normally I would agree with you - but Obama and dems are trying to prop up the price of tulips - and for those who lost their shirts buying $400 bulbs he's coming up with refinancing scams.

Excellent analogy.

Fortunately, I've got time to wait.

[redgolum]

So tommorow then.