# Major sell off on wall street
**URL:** https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182
**Category:** NYSpeed Off Topic
**Created:** [February 27, 2007, 12:18pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182 "2007-02-27T12:18:52Z")
**Posts on this page:** 11
**Page:** 1
### Author:  [@Tunerfreak](https://forums.speedlife.net/u/Tunerfreak)
#### Post date: [February 27, 2007, 12:18pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/1 "2007-02-27T12:18:52Z")
the DOW is down almost 400 points as of right now
[http://money.cnn.com/2007/02/27/markets/markets\_0130/index.htm?cnn=yes](http://money.cnn.com/2007/02/27/markets/markets_0130/index.htm?cnn=yes)
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### Author:  [@system](https://forums.speedlife.net/u/system)
#### Post date: [February 27, 2007, 12:21pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/2 "2007-02-27T12:21:04Z")
Yup…many people losing lots of money…read that earlier today
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### Author:  [@Tunerfreak](https://forums.speedlife.net/u/Tunerfreak)
#### Post date: [February 27, 2007, 12:22pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/3 "2007-02-27T12:22:27Z")
apparently it dropped 150 points in a matter of seconds
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [February 27, 2007, 12:26pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/4 "2007-02-27T12:26:09Z")
[quote=“Marcus,post:2,topic:25182"”]
Yup…many people losing lots of money…read that earlier today
[/quote]
You only lose money if you sell.🙂
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### Author:  [@mJstk01](https://forums.speedlife.net/u/mJstk01)
#### Post date: [February 27, 2007, 12:42pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/5 "2007-02-27T12:42:12Z")
good time to buy 😛
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [February 27, 2007, 12:45pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/6 "2007-02-27T12:45:38Z")
my portfolio is down 4% today.
that sucks cause now it’s only up 110% since i created it in summer 05
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [February 27, 2007, 7:28pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/7 "2007-02-27T19:28:40Z")
China crashing & burning overnight… Billions in capital just vaporized.
Although, this’ll drive my mtg pricing back down. Bond markets up. :tspry:
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [February 27, 2007, 8:14pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/8 "2007-02-27T20:14:07Z")
My 401k just took a 2%… gain 🙂
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### Author:  [@SI01](https://forums.speedlife.net/u/SI01)
#### Post date: [February 27, 2007, 8:23pm UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/9 "2007-02-27T20:23:14Z")
[quote=“AWDrifter,post:4,topic:25182"”]
You only lose money if you sell.🙂
[/quote]
+1
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### Author:  [@redrum](https://forums.speedlife.net/u/redrum)
#### Post date: [February 28, 2007, 4:32am UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/10 "2007-02-28T04:32:17Z")
[quote=“mJstk01,post:5,topic:25182"”]
good time to buy 😛
[/quote]
Just because something is down doesn’t make it a good time to buy. Thats how a lot of amateur investors lose their asses.
In this case though the US markets are set to rebound today.
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### Author:  [@rskrause](https://forums.speedlife.net/u/rskrause)
#### Post date: [February 28, 2007, 4:36am UTC](https://forums.speedlife.net/t/major-sell-off-on-wall-street/25182/11 "2007-02-28T04:36:34Z")
The Dow resembles a penis in that sometimes it’s up and sometimes it’s down. Often, for no apparent reason. Unless you have a lot more time to devote to it (the market, not your dick) than I do, you invest long term. Hopefully though, you didn’t buy on Monday 😉