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

[Afronaut]

Ya Gotta Buy a few....right? You gotta...

I am staying out of the Mosh Pit though. I sleep so well!

Find the next stock that will get smashed.

Gateway Computer. This has 20 cents written all over it... :) Moo They have nothing left. They should be shot.


Good luck LMK how you do OK?

[tsipple]

Not to worry -- CBS news is reporting today that the experts say that the more the stock market drops, the closer it is to bottoming out. How's that for an intelligent theory? Arne't you glad we have the wisdom of the experts?

In related news, prominent mutual fund managers and financial analysts now say that stock market valuations could continue downward past zero before bottoming out. "We had to pay Waste Management to haul our Enron stock certificates away," said one Wall Street veteran. "I'm not sure exactly what price that was per share, but obviously we'd list that as negative."

[tsipple]

What has happened, besides the correction that WAS taking place, is you then had all Bill Clintons bed partners (Ken Lay etc) being exposed, and we started to hear of all the cooked books on top of the correction, AND the war, it all added up to what we are witnessing today.

I don't think you meant to use Ken Lay as an example of a Clinton "partner." If Ken Lay was Clinton's partner, that would also make him Bush's sodomy slave. :-(

[Vets_Husband_and_Wife]

LOL,.. I meant that Ken Lay had sleep overs with Clinton, and was a big donner to him. He wasn't all that close to President Bush. So the dirt fell/falls on under Clintons watch. Long day......tired!! Niters

[Vets_Husband_and_Wife]

Ok.. FIRST day in November it is

[Vets_Husband_and_Wife]

We don't have 30 years for retirement. More like 4, and stretching if if we have to, to 5.

What should someone like us go into? We heard of a really good brooker,..but want some education on this too. Any safe suggestions? We aren't big rollers, just the small fry. If you have any suggestions for us,...Thanks!!

[Vets_Husband_and_Wife]

I'm leaning more toward November, the first part of November after reading the threads. And it is the same when listening to the pundits on FOXNEWS. No one can say when the turn around will be.

I also expect we will see a climb tomorrow. I'm so tired,..but it was something about Japan or someone rallying. They/pundints..think it will creat a buy atmosphere tomorrow. But all the talking heads, said nothing is gonna happen until after Aug 14. So, I'll hang until Nov. 1st.

Thanks to sage advice from my freinds here at FR.

But I will have my NOSE in these threads trying to get all the information I can to arm myself!!

[snopercod]

Pretty good thread here.

[bvw]

I wonder what the Price/Taxes charted against BondYield/StockYield would look like? Or Price/(Taxes+Dividends)?

[G.Mason]

"What ever happened to the party of smaller government? BTW, in case you forgot, that's supposed to be the Republicans....;-)"

That, my friend, is political pap for the masses.

The Republicans are at war with the Democrats and the spoils of this war are the U.S.taxpayers.

More over, that war is and will continue to be fought with more fervor than any our government has fought against any external enemy and in spite of the detriment to us as a nation.

My comment to you was sarcasm, as you know, but honest men everywhere are in peril from the corruption raging now in this country.

Do the names Citicorp and Robert E. Rubin ring a bell?

No, my friend, it's an age old societal affliction and not about smaller government.

It's about Diogones finding an honest man.

My best to you and yours.....G.Mason

[xzins]

I agree that the market can go well below trend. I don't think it will hit 5000 because EVERYONE in the entire world will know that that is a seriously UNDERVALUED market. When it gets into the 6's, there'll be frenzied buying of everything that looks like it might be able to be resuscitated. If it ever hits 6500, the buying will be at fever pitch.

[cajungirl]

Well, a teeny bit of GE, Texas Instruments, Home Depot, Intel but I crossed off Citigroup. I really think it may take a long time to come back, but this is for my kids to be rich. I know someone who has lived her whole life on her grandfathers coca cola stock and I know someone who lived her whole life on Exxon. BTW Exxo looks cheap to me.

[mwl1]

Palo, some quick thoughts that you'll also catch on other threads....

1. The Citigroup corruption led by Robert Rubin is already being covered up by the media to protect Clinton and the RATS.

2. We now know another dimension to account for the rabid intensity of the RATS to recount Florida -- covering up corruption at the Justice Dept, SEC, all over the federal govt.

3. Remember last week the media drumbeat to get Bush to bring Robert Rubin into his circle of advisors -- it was a complete set-up. CNN is still peddling this manipulation.

Just some thoughts.

[applemac_g4]

I used to think the same thing about Gateway, that was until I test drove their Gateway 450XL laptop...it's one of the finest laptops being sold today, with desktop replacement power, and a reasonable level of portability when compared to the Gateway 650 top end or Dell Inspirion 8100 top end.

Vs. the Dell 4100, it's competitor, it boasts a Pentium 4 processor vs. the Dell's Pentium 3.

Of course, outstanding technology doesn't necessarily mean that you'll be a success on the business end of things, but if I was in the market for a laptop, I'd head right over to the Gateway Country store to look at one of those 450's.

[applemac_g4]

If I were you, I wouldn't put one cent into the stock market. I personally think that there's still another few hundred points to be wrung out of the Nasdaq, and a few thousand to be wrung out of the DJIA before we hit a market bottom.

And unlike many here who think that a market bottom will mark the resumption of a bull rally, I think that the market will flatline for many years.

Finally, the downside risk to stocks in any environment makes them a poor choice for any financial goal that's 5 or less years away.

[steveegg]

Normally, I would say the yang of bonds (to the yin of stocks), but the nature of the third part of the stock crash is such that the bonds will be affected as well.

I would probably suggest T-bills. I know; that's pumping more money to the feds. However, that's still eminently-safe for the next few years. I wouldn't leave it in there much past 2009, though.

Do bear in mind that all I've got is a few gut feelings and some self-training. That gut feeling was that the indexes would crash again today, though the Dow is actually up 41 points, while the other indexes are down just a bit (and the Russell 2000 small-cap is continuing its crash, with another 1% drop thus far).

[CDHart]

'Right along with..."If youse putta bullet inna furnance...itta explode!"'

LOL! Yup, same mentality at work. And these are the people we have trusted with our money? No wonder people used to put their money under the mattress. At least they knew where it was and what it was doing.

Carolyn

[Vets_Husband_and_Wife]

Ughhhh.. I think we better just hold onto our hard earned money. Someone here said something very wise. To "wait until a definite BEAR market is going on. So what if you don't get in at the starting line".

Perhaps that is the wisest decision while treading in these waters. The market is everywhere today, a lot of volitility, and so unstable.

I don't know what a good sign would be for investing at this point. I know that for a couple years here, we have discussed this very fall. I doubt its over yet either,.. but darn if I can figure out (even after a ton of good advice) when to even consider jumpin back in.

People used to laugh at some of us who said DJ 6 to 7,000. But now I'M HEARING even lower numbers!!! I won't be laughing at the thought.. because I figured it was going to drop this low, and not many believed that. So I keep an open mind to how low it will/can go.

I just pray for so many that this will be over soon. That we will start to see a more realistic expectation regarding the stocks we buy (stocks having tangible value), resulting in us having portfolio's that enjoy a long life based on something REAL!!

This has just been crazy. A lot of people have been hurt by all this,.. but somehow we got away from the thought that you walked with a KNOWN risk when investing. Everyone thought it was a "sure" bet.

Sad. And I admit, we are extremely nervous about investing. It could be a really great time in November to invest, but on the other hand, the bottom may be a couple thousand off. So then you lose.. maybe not as bad as some have, but you still lose. I don't want to be a loser.

I really appreciate all your help in trying to understand all this. I know the information helps others who are also trying to figure this all out.

Many thanks to all who have offered opinions. They have been very appreciated!

[Wyatt's Torch]

My comment to you was sarcasm, as you know...

Actually, I didn't know.

I wish the Pubbies were at war with the Dems. I don't see it unless you consider "war" as a fight over who can spend and regulate the most. I see virtually no difference in the two parties. In my mind, that is quite sad.

FReegards

[headsonpikes]

"I need a good reason not to buy puts with the money from the shorts."

Wow! Another Texas hedger! LOL!