# 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:** 6
**Author:** ![zwarbyt](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/zwarbyt/32/7623_2.png) [@zwarbyt](https://forums.speedlife.net/u/zwarbyt)\ **Post date:** [October 6, 2008, 7:22am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/101 "2008-10-06T07:22:55Z")
LET IT SINK BABY ---
**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 6, 2008, 7:24am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/102 "2008-10-06T07:24:31Z")
I moved everyting to gold, got a massive 1 ounce:lol::lol::lol::lol::lol: In all seriousness, I’m glad I stayed out Friday, I was thinking of getting back in Visa as it was at about 56ish IIRC, and I’ve been in it for awhile before I sold and usually it climbs back up 3% after it’s down. Today it’s down something like 7%, 52 week low right now. ---
**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\ **Post date:** [October 6, 2008, 7:32am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/103 "2008-10-06T07:32:02Z")
Dow 9,919.26 -406.12 wow, no limit in sight right now for as far as it can drop. ---
**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 6, 2008, 7:39am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/104 "2008-10-06T07:39:05Z")
so where are the people who said it was a good time to buy a few months ago because everything was cheap? ---
**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 6, 2008, 7:44am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/105 "2008-10-06T07:44:01Z")
This is a great time to buy if you’re holding long term. You just have to have balls and not check it every day. ---
**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 6, 2008, 7:45am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/106 "2008-10-06T07:45:25Z")
I would wait to see where the end of the week takes us before buying I think. If it drops another 15%, you will be at a much better advantage. ---
**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 6, 2008, 7:46am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/107 "2008-10-06T07:46:13Z")
edit: it is in freefall right now…seems to be dropping 1% ever 15 minutes ---
**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 6, 2008, 7:47am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/108 "2008-10-06T07:47:39Z")
> [@Penfold](#): > > so where are the people who said it was a good time to buy a few months ago because everything was cheap? it’s still a market wide sale. :gotme: There are a ton of good (value for cheap) buys lately. Good investments get dragged down with/by the bad investments in a frenzy. This is for long term (12+ mos) investments… not day trading turnaround shit. ---
**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 6, 2008, 7:51am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/109 "2008-10-06T07:51:39Z")
> [@Penfold](#): > > so where are the people who said it was a good time to buy a few months ago because everything was cheap? Ya over the next 5-10 years it will recover. People who are coming up on retirement in the next 3-5 years and have life savings are freaking out and now taking money out and moving it into more stable assets. The money I invested recently I am planning on keeping there for 5-10 years so I am not worried. ---
**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 6, 2008, 8:09am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/110 "2008-10-06T08:09:46Z")
6 yr plan here. Don’t have the capital to day trade unfortunately. ---
**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 6, 2008, 8:10am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/111 "2008-10-06T08:10:36Z")
> [@Nikuk](#): > > it’s still a market wide sale. :gotme: > > There are a ton of good (value for cheap) buys lately. Good investments get dragged down with/by the bad investments in a frenzy. This is for long term (12+ mos) investments… not day trading turnaround shit. And even 12 months might be a bit optomistic at that. ---
**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 6, 2008, 8:11am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/112 "2008-10-06T08:11:03Z")
true. just trying to explain the point. :redface: ---
**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 6, 2008, 8:21am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/113 "2008-10-06T08:21:22Z")
Agreed, and i understood where you were going with that. What amazes me is how people act completly suprised when this happens, especially people who lived through the economic slump of the mid 70’s, 80’s etc. It has happened before, it will happen again, every one of my economics text books from college depicts this very clearly through 2845784758173587314587 freaking graphs. Again, if you are 2 years away from retirement it hurts, but also, if you are that close to retirement, why weren’t your investments moved into something less risky ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [October 6, 2008, 8:24am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/114 "2008-10-06T08:24:32Z")
At least oil’s below $90. :tup: ---
**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 6, 2008, 8:28am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/115 "2008-10-06T08:28:53Z")
Yep, cheap oil is the silver lining, if you dont lose your job I guess. ---
**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 6, 2008, 8:33am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/116 "2008-10-06T08:33:02Z")
> [@Quattro Krant](#): > > Agreed, and i understood where you were going with that. What amazes me is how people act completly suprised when this happens, especially people who lived through the economic slump of the mid 70’s, 80’s etc. It has happened before, it will happen again, every one of my economics text books from college depicts this very clearly through 2845784758173587314587 freaking graphs. Again, if you are 2 years away from retirement it hurts, but also, if you are that close to retirement, why weren’t your investments moved into something less risky Greed. The driver behind ALL of this. Well, the american markets at least. :hay: ---
**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 6, 2008, 8:33am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/117 "2008-10-06T08:33:00Z")
> [@Quattro Krant](#): > > Agreed, and i understood where you were going with that. What amazes me is how people act completly suprised when this happens, especially people who lived through the economic slump of the mid 70’s, 80’s etc. It has happened before, it will happen again, every one of my economics text books from college depicts this very clearly through 2845784758173587314587 freaking graphs. Again, if you are 2 years away from retirement it hurts, but also, if you are that close to retirement, why weren’t your investments moved into something less risky Greed. The driver behind ALL of this. Well, the american markets at least. :hay: ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [October 6, 2008, 8:40am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/118 "2008-10-06T08:40:46Z")
Greed. The driver behind ALL of this. Well, the american markets at least. :hay: ---
**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 6, 2008, 10:19am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/119 "2008-10-06T10:19:53Z")
> [@Nikuk](#): > > Greed. The driver behind ALL of this. Well, the american markets at least. > > :hay: That and pure stupidity. An interest only mortgage, WTF, doesn’t that fact that you are only paying the interest on something tell you that you can not truly afford it??? Yes, I’ll take that 997 Turbo over there for $150K but only pay $600 a month on the interest. It will all work out though as I’m great at speculating and the value of it will shoot up and all will work out ---
**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 6, 2008, 10:37am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/120 "2008-10-06T10:37:58Z")
> [@Quattro Krant](#): > > That and pure stupidity. An interest only mortgage, WTF, doesn’t that fact that you are only paying the interest on something tell you that you can not truly afford it??? Yes, I’ll take that 997 Turbo over there for $150K but only pay $600 a month on the interest. It will all work out though as I’m great at speculating and the value of it will shoot up and all will work out truer words never spoken… The rampent consumerism fed by the bankers angling for profits = today. The housing that sparked it all off was a vicious cycle of these two items. [Previous page](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705.md?page=5) [Next page](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705.md?page=7)