Stock Market in Landmark Plunge<P>

self | 06-21-2002 | self

[Tuco-bad]

The S&P experienced its worst 17-week period ever (based on number of up/down S&P weeks), with the S&P down 14 of the past 17 weeks.

[Tuco-bad]

It’s time to: Run for the hills, and don’t look back.

Oh for the days of Bill Clinton and his PPT (Plunge Protection Team).

[Xenalyte]

Oh for those days indeed . . . because they were brought to us by Reaganomics! (Pull your head out, my friend.)

[Xenalyte]

Also, it's only time to run for the hills if you plan to retire tomorrow. If you're under 50, you have plenty of time. This is a buying opportunity the likes of which we haven't seen in two decades.

[d4now]

Only if the dollar doesn't go any lower.

[Digger]

Some thought that GW was going to clean up gov & reduce the budget. Oh, were they fooled. And Bubba & the cellulite legged Senator still rule with the FBI files & the neudered Ashcroft. Do you want to invest in this corruption?

[BallandPowder]

Powder..Patch..Ball FIRE!

This is a buying opportunity the likes of which we haven't seen in two decades.

Agreed.. I've really started loading the cash into the 401k, etc...

[eureka!]

Looks like the fraudulent market of the 90's is still taking its toll. Those purportedly in the know say that Demron and Global Crossing aren't the only companies with cooked books and crooked bean counting. Now, nobody knows who to trust. Sure was great while it lasted though. Gave a certain grifting, lying, predating, do nothing positive ex-president some good press...

[section9]

The Clinton economy was built at first on industrial production, which was a good thing.

Then came the Tulip Craze, which the Toons did nothing to reign in, as they benefited from it politically. Only in the Toon years could Dot Commers float isp's for websites that sold nothing and had no source of reliable income.

When the histories are written, the Clinton years will be ranked alongside the Roaring Twenties for sheer economic madness.

Be Seeing You,

Chris

[RedBloodedAmerican]

Where did you get that?

The market numbers are dropping because of overseas markets.

And the buble created by Clintons economy is bound to correct itself, just a matter of when.

The only point of your post is to trash bush. When will you guys quit?

[inflorida]

Exactly. Everyone is panicking but if you're in it for the long term, there is nothing to really worry about. I also agree that now is prime buying time.

[Lazamataz]

A one-line vanity post, written by a man who promised to leave this forum if Bush won the election without winning California.

Breathtakingly audacious.

[Raymond Hendrix]

This is a good time to buy things that have some real value. I would not invest a dollar in this market. Of course I don't buy lottery tickets either...

[Tuco-bad]

Oh for those days indeed . . . because they were brought to us by Reaganomics!

During the Reagan years the stock market averaged 11% per year appreciation, good but not great.

BTW - If you are interested - I am a lesbian, trapped in a man's body.

[WhiteKnuckles]

So much for the '80s being the decade of greed.

[habs4ever]

Stocks go down for the simple reason that they NEED to go down.They need to be sold off to purge the weak holders.So it is in EVERY bear market, and there is no reason why they go down except for that.The news will go in the direction of the trend, but how can you get a low unless you get selling and fear??

Things tend to look their worst at the or near the lows as well ;-)

[cynicom]

Old Chinese saying about the market,bylo,selhi. It is apparent that all the "experts" did not heed that warning.

[Mudboy Slim]

"It’s time to: Run for the hills, and don’t look back."

Promises, promises...MUD

[eno_]

PEs are still too high. When they return to normal and everyone is wondering how low will they go, then buy.

[Lazamataz]

Bylo Selhi was my D.J. name in Philadeplhia back in the 1980's.

My partner was Byhi Sello. He was broke a lot.

[habs4ever]

The '90's as an era of madness?? Hardly.It was a transformational epoch where the promise of technology materialized in an exceptional productivity boom, with the consumer being the main beneficiary.America also came out ahead richer, as well.There was nothing fake about the '90's, except the Clinton's ;-)