Just a question. I am up thinking to myself how much money I am about to lose in a few hours. If the foreign markets are an indicator, we are in for a rude awakening!!! It will be interesting to see what tomorrow holds.
How much money are you going to lose today???
- Thread starter caseabb
- Start date
cvm4
BoM - July '05 & Dec. '10
This should be moved to the Finance forum.
That being said, the futures point toward a 400+ point loss in the DJ. If I had the extra cash, then I'd be bargain shopping. Atleast crude is dropping too.
That being said, the futures point toward a 400+ point loss in the DJ. If I had the extra cash, then I'd be bargain shopping. Atleast crude is dropping too.
cvm4
BoM - July '05 & Dec. '10
We've been on a nice 5 year ride, it was only a matter of time before the effects of cheap credit and consumers buying what they couldn't afford caught up with us. Not to mention the fall of the USD too.
same here i just have about 40 years to win and im set for retirement.
Broadway Joe
Formerly Havana Joe
I'm right with you! I stopped looking at my ROI % for my 401K until the market starts heading North, other wise I'd be in a panic all damn day!
Yep. I don't even want to think of it. I'm decades away from retirement so this is just one of those downs we talk about when we mention the "market's ups and downs". Gotta ride 'em out but boy does it suck when that roller coaster is on the steep downslope.
Does this all mean those investing in gold might be making out like bandits?
Based on what? Could it...Yes, but probably not. There is just too much fear and media hype which cause more and more panic. Most people lose their money by not thinking things through and not taking profits when things are up. We have had an amazing run over the last couple year and having pull back/drop shouldn't be that suprising. 9000 could happen if banks/insurance companies start to go belly up, but I don't see the fed letting that happen.Not yet. . .I think we are headed for upper 9000 territory. . .
There went my early retirement. . .:disappoin
BTW these are my personal thought and might be wrong, but so far my personal porfolio is having one of the best days I've had in a while. But I doubt my 401k or IRA will, but those are much more long term and I'm planning on buying more today (assuming it keeps droping) and if it continues to drop in the upcoming week I buy even more.
cvm4
BoM - July '05 & Dec. '10
Yes, bad markets/low dollar = a flight to gold.
cvm4
BoM - July '05 & Dec. '10
Spot on, be in for the longterm baby! I watch CNBC a lot, no kidding, and they talk about the individual investor selling off but meanwhile they say the institutions/hedgefunds are bargain shopping. Follow the whales...
Simple for me and an easy rule to follow: Buy low, sell high.
All my money is in traditional IRA so I can not touch for like 27 years. When the market tanks, I read less how my investments are doing and buy more of them.
All my money is in traditional IRA so I can not touch for like 27 years. When the market tanks, I read less how my investments are doing and buy more of them.
Well my fund went up $.50 yesterday. I wish it would drop from $33 a share to like $20 a share for like a year then it can sky rocket. That way it'd be cheaper to buy while I'm still young. Oh well.
