Rick
Premium,MVM
join:2001-02-06
Waterbury, CT
clubs:  | Stock Market Crashing...down 330 points right now
Timber!! |
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texans20
Johama McBama 08
Premium
join:2002-09-28
Texas!
clubs: | Crashing is a bit extreme, I think "correction" is the proper word. What goes up, must come down. |
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Rick
Premium,MVM
join:2001-02-06
Waterbury, CT
clubs:
| Umm..well it's now "corrected" by about 400 points instead.
Ready to call it a crash yet? 
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The Coyote captured the RR! Roadrunner Rick is now Comcastic! |
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iEvolution
join:2006-06-24
Ogden, UT | reply to Rick
Oh dear here comes the great depression 2. |
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GILXA1226
Premium,MVM
join:2000-12-29
London, OH
clubs:
| reply to Rick
said by Rick  :Umm..well it's now "corrected" by about 400 points instead. Ready to call it a crash yet? When the % drop goes above 10%, then we can start talking crash.
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We don't give a d@mn for the whole state of Michigan... we're from OHIO! O!H! ... I!O! |
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JayMan
Whoot
Premium
join:2002-06-05
Earth | reply to Rick
It's not even a correction. It's a normal up and down. |
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removed
I'm the bobblehead
Premium,VIP
join:2002-02-08
Houston, TX
clubs:
edit:
July 26th, @03:00PM
| reply to Rick
It's bound to go down eventually -- it will rebound just as well, just as it always has. All this bullshit about a 'crash' is just that: bullshit.
Edit: Although it's still hilarious that I'm up significantly on AAPL but that I still lost several hundred dollars for the day. Fuck. |
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Omega
Displaced Ohioan
Premium
join:2002-07-30
Santa Maria, CA
clubs:
 ·Comcast
 ·AT&T Midwest
| reply to Rick
I think crashing would be defined as losing more than 400 points. The dow would have to lose over 1341 points in order to lose 10% of its value.
Right now it has lost 2.65%.
Are you a cable news company headline writer? If not, you should be! |
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Maccawolf
Premium
join:2001-02-20
Hillsdale, NJ
| reply to removed
said by removed : I still lost several hundred dollars for the day. Fuck. that's why I try to only look every few months or so.
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"The most affectionate creature in the world is a WET dog"---- Ambrose Bierce |
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texans20
Johama McBama 08
Premium
join:2002-09-28
Texas!
clubs:
| reply to Rick
The Crash of 1929 saw a drop of 12.8% in one day, and 23% over two days of trading. The Crash of 1987 saw a drop of 22.6% in one day. Right now, the Dow is down only about 2.1%, far from the other crashes.
Now, the crash of 1987 saw a similar drop on Thursday and Friday before what became Black Monday, so tomorrow will be a day to keep an eye on. If we see another drop of 2-3% tomorrow, and nothing happens over the weekend to ease investor fears, we might see a big drop on Monday.
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The true patriot is motivated by a sense of responsibility, and out of self interest -- for himself, his family, and the future of his country -- to resist government abuse of power. He rejects the notion that patriotism means obedience to the state. |
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Rick
Premium,MVM
join:2001-02-06
Waterbury, CT
clubs:
| reply to Maccawolf
Actually, I should survive the day nicely and maybe even come out a bit ahead. Over the last month I shifted my portfolio to about 40% stocks~60% bonds. There was just too many nice gains in the market I felt should be protected.
That mix should more than offset this decline today.
Even break even would be a win today.
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The Coyote captured the RR! Roadrunner Rick is now Comcastic! |
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Mospaw
What time is it again?
Premium,Mod
join:2001-01-08
Las Vegas, NV
·Cox HSI
·Embarq
Host:
Road Warriors, Not..
All things Macintosh
Automotive
Rants, Raves, & Pr..
| reply to Rick
last week, my financial adviser said the market was looking very volatile. He recommended moving out of the more aggressive funds and into something a little safer for the short term.
And I did.
And it looks like that move has already saved me several thousand dollars in losses. |
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jjoshua
Premium
join:2001-06-01
Scotch Plains, NJ | reply to Rick
IMHO, the next month is a buying opportunity.
The corporate credit and subprime loan problems will work themselves out and a lot of companies will be undervalued. |
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sailor
Premium
join:2003-10-21
Long Island
edit:
July 26th, @10:28PM
| reply to removed
said by removed :It's bound to go down eventually -- it will rebound just as well, just as it always has. All this bullshit about a 'crash' is just that: bullshit. Edit: Although it's still hilarious that I'm up significantly on AAPL but that I still lost several hundred dollars for the day. Fuck. For those of us who generate a good portion of our yearly income on trading the market, days like today are so very welcomed...A trader makes the most money when the market is volatile...
With that said, Apple today would have hit the high 160's or even into the 170's if today wasn't the sell off day that it was after they kicked ass once again on earnings and surpassed analyst estimates.
When the market rallies, you will see AAPL take off...in the meantime, for us traders it is a wonderful opportunity to trade it. Even with today's 300+ drop on Wall Street, Apple, as you know, was still up over 6%...»finance.yahoo.com/q?s=aapl
And one other thing. I see shying away from GOOG ( google) and putting that money in BIDU who just kicked ass with earnings like Apple did. Even with the market down today, just take a look at what BIDU did...Up over 14% and click on the chart for the 5 days and just look at where it was just 5 days ago...»finance.yahoo.com/q?s=bidu
Another great trading stock and as well as a great long-term hold IMO by buying it on any pullbacks..
Like I mentioned before, hold on to your AAPL..It very well could fund a leisure retirement for you..
Stocks I like...( AAPL, BIDU and RIMM ( research in motion..blackberry) |
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dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ | reply to Rick
Simple profit taking. smart investors scooping some cream off the top. no worries, it'll come back.
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sailor
Premium
join:2003-10-21
Long Island
| said by dvd536 :Simple profit taking. smart investors scooping some cream off the top. no worries, it'll come back. Today is Friday and it is much more than simple profit taking. I was prepared this morning to jump in and buy but the technical damage to the market is quite amazing so I am just sitting waiting for something to develop to trade later this afternoon.
The declining issues versus the advancing issues, the 52 week new lows versus the 52 week new highs, etc...you can scroll down here and see...
»bigcharts.marketwatch.com/markets/
Me personally would like to see the market drop a thousand or more points as it would only set up a huge buying opportunity for trading...
But make no mistake, this is more than profit taking...This economy here has been all due to "easy credit" and consumers are living in a "credit bubble" and that along with sub mortgage lenders is finally coming to a head...
It is now around 12:45..If the market does not turn around and rally by the close today, then look out for Monday...It will be very, very ugly IMO. |
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Majestik
World Traveler
Premium
join:2001-05-11
Tulsa, OK
clubs: | reply to Rick
No problem.
I would prefer 1k point drop. |
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DKS
Damn Kidney Stones
Premium,ExMod 2002
join:2001-03-22
Owen Sound, ON
clubs: | reply to Rick
As of 3:30 pm, the Dow was down 90 points. |
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sailor
Premium
join:2003-10-21
Long Island
edit:
July 27th, @05:10PM
| From around 3 to closing at 4pm, the market tried to rally and every little rally was met with more selling..
The market selling did accelerate and closed down over 200 points at closing. Now down over 500 for the week....But this market has been almost obscene in going up..I mean we passed 13k on the Dow and next thing you know we are at 14k...Too much too soon and the greedy ones are now getting slaughtered.
Monday I am afraid will be very ugly..The bears beat back the bulls attempt at a rally today and that was crucial IMO...The bears are now in charge for the Monday opening bell. And it has been quite some time that they wrestled control of the market from the bulls. |
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RWoods
Premium,MVM
join:2001-08-07
Rye, NY
clubs:
| reply to Rick
This isn't even close to a crash. I don't even know if you can classify it as a correction yet. The DJs and S&P were so high, that these large drops result in a pretty small % of the overall value.
Yes, losing 5% in a few days sucks, but it has happened many times before and will happen in the future. The interesting thing to see is whether people take a step back this weekend and see things aren't as bad as the selloff would indicate, or whether the selloff will continue with further drops next week. |
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