# Morning Money Crew - Market closing up or down today? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [September 30, 2008, 6:15am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705 "2008-09-30T06:15:31Z")\ **Posts on this page:** 20\ **Page:** 10
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [October 13, 2008, 1:09pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/181 "2008-10-13T13:09:43Z")
> [@Blue Eyed Devil](#): > > No banking today? > Market up 965? > > Solution to economy= Get rid of banks. lol > > IT WAS A JOKE! > Premptive STFU! i know you’re joking, but its funny that you mention that… Banks are off and I thought volume would be low based on that consider they’re one of the hot issues… but I guess the G7 campfire over the weekend really fueled speculation. Granted, Europe announced that they’re going to bailout 1.4 TRILLION over there… but seriously, \>10% GAINS… ON HOPING THAT THE CREDIT FREEZE WILL COME TO AN END BECAUSE THE GLOBAL GOV’Ts ARE OVER REACHING AND COVERING / LENDING OUT TO THE INSTITUTIONS? There is so much wrong with that at the root moral level… does it make financial sense? Yes… but c’mon. Lending & ridiculous overspending cannot continue to be the “main” driving economic engine forever… ugh. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 13, 2008, 1:10pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/182 "2008-10-13T13:10:15Z")
> [@eclipsed](#): > > these wild fluctuations are just ridiculous. tomorrow should be a shitshow. Ya usually I don’t watch the market becuase its always up and down a little each day so its just pointless. The past few months have been hilarous. Nothing like 500-1000 point swings in a day. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [October 13, 2008, 1:11pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/183 "2008-10-13T13:11:16Z")
Christ… **_todays gains were almost DOUBLE any previous record for + in a day…_** 11%… BASED ON WHAT? ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [October 13, 2008, 1:13pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/184 "2008-10-13T13:13:42Z")
> [@Nikuk](#): > > Christ… **_todays gains were almost DOUBLE any previous record for + in a day…_** > 11%… BASED ON WHAT? that’s exactly the point. these wild fluctuations are not founded on rational or real economic growth or decline. such incredible volatility. the market could jump another 10% tomorrow, or it could dump 10%. who knows. :meh: ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [October 13, 2008, 1:19pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/185 "2008-10-13T13:19:36Z")
> [@eclipsed](#): > > that’s exactly the point. these wild fluctuations are not founded on rational or real economic growth or decline. such incredible volatility. the market could jump another 10% tomorrow, or it could dump 10%. who knows. :meh: uhh, yea, that was my point. :mamoru: I honestly don’t even want to guess at what will come tomorrow… there is no way to even begin to posit a possible guess about what might happen anymore. I’ll reference Joe’s post > [@Joe](#): > > This market defies any attempt at rationalization. > Shorting ban enacted: DOWN DOWN DOWN > Bailout fails: DOWN DOWN DOWN > Bailout passes: DOWN DOWN DOWN > Shorting ban expires: DOWN DOWN DOWN > Perfectly good companies get hammered for 20-30% for no reason, you’d think people would see value and get back in: DOWN DOWN DOWN …that being said - I would assume alot of smart groups bought in for long positions today, since alot of very strong companies were on sale. Still, I would expect to see some profit taking tomorrow. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 13, 2008, 1:27pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/186 "2008-10-13T13:27:22Z")
This is why the pros are telling people to pull their money out of the market. Its a fucking crap shoot now. ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [October 13, 2008, 1:28pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/187 "2008-10-13T13:28:43Z")
> [@boxxa](#): > > This is why the pros are telling people to pull their money out of the market. Its a fucking crap shoot now. i doubt the pros are telling people to pull their money out of the market. now is the time to buy, and sit through it for the long haul. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [October 13, 2008, 2:02pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/188 "2008-10-13T14:02:15Z")
> [@Nikuk](#): > > uhh, yea, that was my point. :mamoru: > > I honestly don’t even want to guess at what will come tomorrow… there is no way to even begin to posit a possible guess about what might happen anymore. > > I’ll reference Joe’s post > > …that being said - I would assume alot of smart groups bought in for long positions today, since alot of very strong companies were on sale. Still, I would expect to see some profit taking tomorrow. Or put a lot of their money in on thurs-fri last week while things were really on sale and took profits today. Thats what I did to be honest and I snuck away with a nice amount of profits and kept most of my positions and just cut shares 25-50% Now most of these are good positions but I am willing to wait and see what the market decides to do next to limit risk. I have got caught being the greedy pig too many times this years. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 13, 2008, 2:02pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/189 "2008-10-13T14:02:42Z")
> [@eclipsed](#): > > i doubt the pros are telling people to pull their money out of the market. now is the time to buy, and sit through it for the long haul. Big analysis have gone on TV and said that if you are planning on retiring in the next 5 years, pull out any money you need and put it into secure investments. Long term tho, now is the time to buy. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [October 13, 2008, 2:06pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/190 "2008-10-13T14:06:38Z")
anyone know if it’s possible to pull money out of a mutual fund (401K) and put it into something a little more “high risk”? I haven’t shuffled any of it around since I set it up… figure if anything ,why not try and make it work for me a little more than it currently is ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [October 13, 2008, 2:09pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/191 "2008-10-13T14:09:56Z")
> [@boxxa](#): > > Big analysis have gone on TV and said that if you are planning on retiring in the next 5 years, pull out any money you need and put it into secure investments. Long term tho, now is the time to buy. people retiring in the next 5 years should be in secure investments now anyway. they should have been in secure investments, or lower risk investments prior to this sharp downturn/period of volatility. for example, my mom is in a family of funds that allow her to pay a 1/2% in order to lock into a minimum rate of return, essentially to insure for times of market uncertainty like this. so, while the rest of the world is losing money, she is earning 3.25% guaranteed (obviously, there is always the risk that the institution managing one’s money goes under, but that is a whole different issue). ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [October 13, 2008, 2:11pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/192 "2008-10-13T14:11:21Z")
> [@Dr.Stevil](#): > > anyone know if it’s possible to pull money out of a mutual fund (401K) and put it into something a little more “high risk”? > > I haven’t shuffled any of it around since I set it up… figure if anything ,why not try and make it work for me a little more than it currently is your 401k should have investment choices. each plan will be limited in terms of what you can invest in, but should offer a variety of risk and portfolio choices. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 14, 2008, 6:00am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/193 "2008-10-14T06:00:28Z")
> [@eclipsed](#): > > people retiring in the next 5 years should be in secure investments now anyway. they should have been in secure investments, or lower risk investments prior to this sharp downturn/period of volatility. > > for example, my mom is in a family of funds that allow her to pay a 1/2% in order to lock into a minimum rate of return, essentially to insure for times of market uncertainty like this. so, while the rest of the world is losing money, she is earning 3.25% guaranteed (obviously, there is always the risk that the institution managing one’s money goes under, but that is a whole different issue). Ya most people know that and understand that concept but 15 years ago when everything was going up up up people dumped their life savings into stocks and are now hurting. My dad does his own investing and took 1/2 of his retirement savings and put it into stocks. He then has the other 1/2 in guaranteed investments and secure bonds. That is what he is planning on using when he retires in 5-10 and then letting the others in the stocks rebound. Most people who split up their investments wouldn’t be too concerned with this but people who gambled in the stock market are now hurting. Anyways… Ha after the record spike last night, is anyone seeing another 600 point fall or think it the new bailout plan details will put more faith into this and cause it to close even or up? ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [October 14, 2008, 6:04am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/194 "2008-10-14T06:04:57Z")
we’re going into today after Europe & Asia set record gains of their own… It’s going to be another up day here. But again, this market is so erratic. :gotme: ---
**Author:** ![Quattro\_Krant](https://avatars.discourse-cdn.com/v4/letter/q/ac91a4/32.png) [@Quattro\_Krant](https://forums.speedlife.net/u/Quattro_Krant)\ **Post date:** [October 14, 2008, 6:25am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/195 "2008-10-14T06:25:22Z")
> [@Nikuk](#): > > we’re going into today after Europe & Asia set record gains of their own… > > It’s going to be another up day here. > > But again, this market is so erratic. :gotme: It’s way too erratic to say what is going to happen today. It could go up or there could be a decent sell off from people who saw nice gains yesterday. I say that all the people on this board with money in the market should pool it all together and start a strip club ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [October 14, 2008, 6:28am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/196 "2008-10-14T06:28:09Z")
yeah its gonna be another up day today. But if its +500 or more again, i am taking my profits and getting in on some more of the short side. ---
**Author:** ![Quattro\_Krant](https://avatars.discourse-cdn.com/v4/letter/q/ac91a4/32.png) [@Quattro\_Krant](https://forums.speedlife.net/u/Quattro_Krant)\ **Post date:** [October 14, 2008, 7:30am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/197 "2008-10-14T07:30:41Z")
I could watch your signature all day long ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 14, 2008, 8:15am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/198 "2008-10-14T08:15:42Z")
Starting the constant downfall. I am seeing down 200-400 today and oil back into the 70s ---
**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\ **Post date:** [October 14, 2008, 11:15am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/199 "2008-10-14T11:15:47Z")
I have no prediction, but I did read that two guys who had been predicting this whole mess for a very long time now have both lowered their predictions of Dow Jones floor to below 5000 after the governments intervention yesterday. I trust the guys who saw this coming, not the ones who caused it. :shrug: ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [October 14, 2008, 11:25am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/200 "2008-10-14T11:25:26Z")
> [@Penfold](#): > > I have no prediction, but I did read that two guys who had been predicting this whole mess for a very long time now have both lowered their predictions of Dow Jones floor to below 5000 after the governments intervention yesterday. > > I trust the guys who saw this coming, not the ones who caused it. :shrug: Obviously I have no idea who you’re referencing but lemme say this: I can say that the DOW will be 5k due to fundamental instability… and be correct indefinately. Such is the thing about predictions… they are almost always right, _eventually_ [Previous page](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705.md?page=9) [Next page](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705.md?page=11)