LET IT SINK BABY
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.
Dow 9,919.26 -406.12
wow, no limit in sight right now for as far as it can drop.
so where are the people who said it was a good time to buy a few months ago because everything was cheap?
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.
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.
edit:
it is in freefall right now…seems to be dropping 1% ever 15 minutes
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.
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.
6 yr plan here.
Don’t have the capital to day trade unfortunately.
And even 12 months might be a bit optomistic at that.
true. just trying to explain the point. :redface:
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
At least oil’s below $90. :tup:
Yep, cheap oil is the silver lining, if you dont lose your job I guess.
Greed. The driver behind ALL of this. Well, the american markets at least.
:hay:
Greed. The driver behind ALL of this. Well, the american markets at least.
:hay:
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
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.