Todays Stock Market Thread (DJIA 7784.58 (-234.68; -2.93%) NASDAQ 1282.55 (-36.60; -2.77%)

[newsperson999]

Dow 7,784.93 -234.33 (-2.92%)
Nasdaq 1,288.09 -31.06 (-2.35%)
S&P 500 819.51 -28.25 (-3.33%)

[Jay W]

"Dead cat bounce" and "Hold muh beer" seem to be competing to knock the perrenial favorites "Nothing to see here, move along", "It's a religion of peace", and "A moose bit my sister once..." out of the top spots in the Most Overused FReeper Phrases category.

Freeper Overused Stock Phrases:

"Hold muh beer." Up +32.
"Dead cat bounce." Up + 4.
"All your bases are belong to us." Down -67.5
"Barf alert!" Up + 0.67.
"Gag alert!" Down - 1.32.
"It's a religion of peace." Down - 2.1.
"A moose bit my sister once." Down 4.55.

FReeper stock phrases investors experts suggest dumping all your shares of "All your bases are belong to us." Buy "Hold muh beer."

[RightWhale]

Fridays are bad, October is bad, Fridays in October get names

That is nearly soundbite material.

[RooRoobird14]

Had $850k in 1/2000 (...all right, about $200k of that was probably B.S., part of the Greedy Bubble that later burst). It's still pretty discouraging to see the numbers drop as much as they have. But, most of what we invested was for the for the long-term (retirement), and we're still 10 to 15 yrs away from that.

Only thing that's saved my sanity is the fact that we stopped putting new $$$$ in the market (except for 401K's )back in mid-2000; we decided instead to pay off the mortgage early. Mortgage will be paid of in one month, and we have $190k equity in the house now. After we burn the mortgage, we're socking away cash into CD's for at least a year.

[hchutch]

I'd prefer for it to stick around the 8000 level, and hopefully work its way up towards 8500 by Election Day.

Hopefully, the bears are in check...

[per loin]

An odd bounce above even, but a splitting bounce. Close around 7700?

[GraniteStateConservative]

Hopefully they are long term and perserving their sanity by not watching this bear market meltdown. It seems too late to sell. No sense crying over the gallons and gallons of spilled milk.

Mmmmmm..... Gallons and gallons of spilled milk.

[steveegg]

What about "Bail, bail, bail"?

Dow now down 21, NASDAQ down 13. Still sticking with -375/-45 as the fossilized cat shatters the paper-thin glass bottom.

[steveegg]

And here I thought I was pessimistic with the DemonRAT goal of Dow 3000.

[vooch]

indeed it is possible, (but no one can predict if it will happen)........

figure from the peak in 1929 to the bottom ( I think 1934) the market fell some 80%......in today's terms means a dow of 2,200

take the Japanese example their broad market hasd never reached its peak some 13 years later.

look to the 1958-1979 period in US history, dow reached 1,000 in 1968 (and again in 70 or 71) it then dropped for 4 1/2 brutal years finally finding a bottom in 1975 at 1/3 its peak level..........in today's terms.....Do 3,650....

the buy side knows these terrifying stats......and every one 'playing the market' should too

[steveegg]

Today or where dead cats bounce? Today, I'm still on record of a drop of 375 for the Dow and 45 for the NASDAQ. Long-term? How does 0/0/0 grab you?

[wardaddy]

Hard to say. I've watched the streams all day. I saw that little DJ bounce to around .3 up and then falter. The last 30 minutes are going to tell the tale for today.....reminds me of an IPO opener from 1997 or so on a much larger scale. Incredibly volatile. Hard to guess where it will finish. I would guess down but not as bad as Friday.

[steveegg]

Hence, the necessity of Dow 3000. Good-bye 401ks. So long IRAs. Gotta pay for SocSecurity+ </barf>

[applemac_g4]

>I am buying today. So there!!!

Why? I'm curious what your reasons are.

[Vets_Husband_and_Wife]

Sounds like you've made some really wise decisions. Wish you great luck, and from seeing your strategeries :o) you will do fine. I wish we were in as good of shape as you guys are! Way to go!!

[steveegg]

Stock market? 2035? Wish I could be optimistic about the presence of a stock market in 2035, but what do you think is going to be killed first in the search for money for SocSecurity?

[per loin]

I read that bounce to the positive as very narrow, one might call it targeted. S & P mirrored it poorly. Perhaps some big money acting responsibly?

[Lee_Atwater]

Funny, I just read your post and changed to another browser window that contains the online edition of the Wall Street Journal -- the page has a link to a story about James Crowe. How is Crowe affiliated with Worldcom?

From the first paragraph of the story(need a subscription to access): The chief executive officer of Level 3 Communications Inc. denied allegations by a former Salomon Smith Barney broker that he accepted shares of hot IPOs from the big securities firm in return for his firm's investment-banking business

With that, I would not discount Buffett's investment because it is with Crowe. I think exogenous forces (i.e. deflation, regulation etc.) brought down Worldcom. Those risks are the same for Level 3 - Berkshire seems to think the risk has been reduced.

[Vets_Husband_and_Wife]

the buy side knows these terrifying stats......and every one 'playing the market' should too

You are so right. I just read that we really need to study the historical aspects of the Markets. You just confirmed what I read. Thanks! Education regarding this is essential.

[steveegg]

Bears still foraging bump.

Dow -68
NASDAQ -18
S&P -14

[GraniteStateConservative]

instead Gore never got his base on board and Bush had tsunami

A tsunami of voters who stayed home and didn't vote for him? He lost the popular vote, remember?