Stock market in freefall

**Gerry** · 08-04-2011, 02:35 PM

Glancing at the DOW, stocks are dropping in mulitiples of 2.

Last I looked up, DOW had dropped 442 points.

Hmm...

**Rockefeller** · 08-04-2011, 02:52 PM

-493 now. I can literally hear my investments falling.

**Stian** · 08-04-2011, 03:14 PM

It's terrible ... The worst part is, I was stocked with bear ETFs a couple of months ago. Thought of keeping them until late August/September, but I sold them and went into some Norwegian offshore stocks instead. Lost a huge pile of cash on that move.. :(

**stewie** · 08-04-2011, 03:24 PM

Fasten your seatbelts... :(

---------- Post added at 04:24 PM ---------- Previous post was at 04:18 PM ----------

Dow closes down -512 worse day in years

**stock_post** · 08-04-2011, 03:38 PM

Not sure if stock market is showing sympathy for my job loss
my job is out sourced and tomorrow is my last day.

Stocks are falling like rocks!!!!!!!!!

Crazy situation..

**Mark Talbot** · 08-04-2011, 03:59 PM

If you compare the timeline of the fear index to the nyse (example, march), you will note the corrolation of a considerable upward run immediatly after. The fear index rarely peaks and stays, So I am going to buy on the bottom.

**stock_post** · 08-04-2011, 04:02 PM

Originally Posted by smirkley

If you compare the timeline of the fear index to the nyse (example, march), you will note the corrolation of a considerable upward run immediatly after. The fear index rarely peaks and stays, So I am going to buy on the bottom.

Buy on the bottom is a hope - we never know when it is bottom... until it turned back and went up,.

If you know how when to buy stock - that would be a WOW.

**dmyre** · 08-04-2011, 05:16 PM

I'd be willing to bet tomorrow morning will continue with a sell off.
Stock_post, hopefully you will be able to rejoin the workforce without too much trouble.
It's pretty scary facing a layothe unknown after a layoff....

**Gerry** · 08-04-2011, 05:51 PM

Originally Posted by dmyre

I'd be willing to bet tomorrow morning will continue with a sell off.

This happening on a Thursday does not bode well for tomorrow.

**tekz999** · 08-04-2011, 06:06 PM

Buy at maximum pessimism. - King of the world style.

**Mike Cruz** · 08-04-2011, 06:18 PM

I sold off on Friday 70% of my investments (mostly SP500) not knowing what was going to happen with the Government, but I have to say watching the other 30% dwindle hurts... I plan on buying back in when *I* personally think its at the bottom, but these days, you never know whats going to be the bottom. Too many dicks flying around and not enough measuring tapes.... these ego battles are going to go on for a while.

**silentg** · 08-04-2011, 06:29 PM

http://www.youtube.com/watch?v=XCDKJQ3Z8bU

**CamMK27** · 08-04-2011, 06:32 PM

Originally Posted by silentg

http://www.youtube.com/watch?v=XCDKJQ3Z8bU

Hahahahaha.. Thanks for sharing. I needed that laugh..

**lordbyroniv** · 08-04-2011, 08:46 PM

The beginning of the end is here my friends. I hope that my domain friends on this board have bought their GOLD; SILVER and BLUE CHIP DOMAINS for the future. Obviously it is getting harder for the propaganda to cover up the fact that we are in a GREAT DEPRESSION. This is not merely a recession.

**south** · 08-04-2011, 08:53 PM

Tomorrow's job numbers should be interesting.

**lordbyroniv** · 08-04-2011, 09:59 PM

Originally Posted by south

Tomorrow's job numbers should be interesting.

For sure.

Even if they are "good", the numbers seem to get revised downwards a few quarters later down the road

There is only so much smoke and mirrors people can take before it becomes clear that we are in a DEPRESSION

**Gerry** · 08-04-2011, 10:07 PM

Originally Posted by lordbyroniv

I hope that my domain friends on this board have bought their GOLD; SILVER and BLUE CHIP DOMAINS for the future. Obviously it is getting harder for the propaganda to cover up the fact that we are in a GREAT DEPRESSION. This is not merely a recession.

Obviously you bought into precious metals to ...what? Are you going to barter for goods and services? Do you have actual gold coins?

See, here's the thing. What good is it that gold is worth 1670 bucks an ounce when you go to cash in you are paid in? Yeah, dollars.

Or any currency. That's the thing - you buy something hoping it goes up in value and at some point you have to cash out that value. So I am not exactly sure what you are going to do with precious metals or, in the most cases, stocks or shares of metals.

The really, really smart people were buying actual gold and silver like good early coins or jewelry. And those smart people were buying it when it was around $300 an ounce.

Don't get me wrong. I have some precious metals but in the form that I can actually hold and touch.

So, at some point you are going to have to become liquid. You're going to have to sell. And at any point you do cash in, what are you going to turn to? Stocks? Bonds? Currency?

**Raider** · 08-05-2011, 03:30 PM

Obama said today;

"We are going to get through this. Things will get better. And we're going to get there together."

Not with you were not.

It's almost laughable watching Obama claim that he's "focused on jobs", this is the same claim he made in early 2009 when he and the Democrats fooled us into believing the Job Stimulus bill was about jobs, when in reality it was nothing but a spending bill and a payoff to his union buddies, the very unions that got him elected. So here we are 2 1/2 years later, 3 Million more Americans out of work, 4 Trillion deeper in debt and a stock market that's in Free fall.... And Barack want's the new Republican Congress to come up with a plan to fix it while he plans his next game of Golf.

I think Nadar is right, Nader: ‘Almost 100 percent’ chance of a Democratic primary challenger to Obama

Democrats (as stupid as they are) understand Obama is simply UN Re-electable.

**Mike Cruz** · 08-05-2011, 03:40 PM

Unemployment is at 9.1%, 117,000 jobs were created in July, 152,000 of them were private sector jobs, 37,000 government jobs were cut (you must love that) and the the market is pretty much trading flat. I suspect a rally on Monday.

Sure we still have 13.9 million people out of jobs, but hopefully the pace keeps picking up. I am not happy with him, but I am not hoping he fails so I can win an ego battle either. That's just pure ignorance. Just like with Bush, I hated him as a President, but I hoped every day he will do the right thing and it never came, he was too busy helping out all his corporate buddies get richer and steal from the people. I hope Obama doesn't do the same thing.

Oh and... Obama will win his re-election, look at the ding bats he is up against...

**lordbyroniv** · 08-06-2011, 09:52 AM

Originally Posted by Doc Com

Obviously you bought into precious metals to ...what? Are you going to barter for goods and services? Do you have actual gold coins?

See, here's the thing. What good is it that gold is worth 1670 bucks an ounce when you go to cash in you are paid in? Yeah, dollars.

Or any currency. That's the thing - you buy something hoping it goes up in value and at some point you have to cash out that value. So I am not exactly sure what you are going to do with precious metals or, in the most cases, stocks or shares of metals.

The really, really smart people were buying actual gold and silver like good early coins or jewelry. And those smart people were buying it when it was around $300 an ounce.

Don't get me wrong. I have some precious metals but in the form that I can actually hold and touch.

So, at some point you are going to have to become liquid. You're going to have to sell. And at any point you do cash in, what are you going to turn to? Stocks? Bonds? Currency?

You have zero imagination Doc Com

If gold is valued at $10,000 an oz. in a few years, I would have mitigated a substantial portion of the USD devaluation risk.

End of story.

Do people have any investing acumen in this community ?

Sheesh