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Thread: Market Crashing

  1. #1
    long time visiter Alfster's Avatar
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    Market Crashing

    Well maybe not crashing, but it's sure taking a beating this morning. Anyone buying some cheap stocks? If so, which ones?

    Dow down 379 points
    TSX down 704 points (Ouch!)

  2. #2
    Squirrelly Member trsidn's Avatar
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    I think the time to buy is when it's landed, not on it's way down.
    Quote Originally Posted by Nicodemus View Post
    Yet more proof that I'm.. well, pretty much right about everything.

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    Ogr8nwmypstmksnosnse pgoat's Avatar
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    I just checked my portfolio...when the market comes down, my breakfast comes up
    Quote Originally Posted by jsharr View Post
    People whose sig line does not include a jsharr quote annoy me.

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    Squirrelly Member trsidn's Avatar
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    you get numb after awhile....
    Quote Originally Posted by Nicodemus View Post
    Yet more proof that I'm.. well, pretty much right about everything.

  5. #5
    oh, snap. Flippin Sweet's Avatar
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    Quote Originally Posted by alfster
    Party Crashing
    fixed.

    Parties are more fun than recessions.
    Hi. I don't think we've been introduced. I'm awesome.

  6. #6
    long time visiter Alfster's Avatar
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    Quote Originally Posted by trsidn View Post
    I think the time to buy is when it's landed, not on it's way down.
    I usually try to buy very short term positions during these heavily down days. There is invariably a bounce within a day or two. No I'm not a day trader, but I do take advantage of days like this. The most appealing stocks to me are the oversold small caps. They usually take a stronger beating than the large caps during panic selling. They also tend to rebound quicker. You just have to be careful to buy one that typically has a large number of shares traded daily to avoid being trapped into holding them for a long period of time. Having said that, I could lose my shirt today However I'll make sure it's just a ratty old T-shirt

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    Squirrelly Member trsidn's Avatar
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    hah
    Quote Originally Posted by Nicodemus View Post
    Yet more proof that I'm.. well, pretty much right about everything.

  8. #8
    Dude wheres my guads? skinnyone's Avatar
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    I am staying away from the market for a while. I opened a few positions before the bailout and it's good thing I put in a trailing stop. I don't think this market is done sliding for a while yet.

  9. #9
    Dude wheres my guads? skinnyone's Avatar
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    I guess if things drop further down into the afternoon, a dead cat bounce is possible.

  10. #10
    more ape than man timmhaan's Avatar
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    stocks are still somewhat overvalued compared to the long term trend. things are not as cheap as some talking heads will lead you to believe.

  11. #11
    Senior Member Lolly Pop's Avatar
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    FTSE has its biggest one-day drop in 20 years today.

    Velly scary.

  12. #12
    more ape than man timmhaan's Avatar
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    Quote Originally Posted by Lolly Pop View Post
    FTSE has its biggest one-day drop in 20 years today.

    Velly scary.
    yep. take a look at russia. down some 20% today.

  13. #13
    Senior Member Lolly Pop's Avatar
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    Yup. I reckon that if amateurs are still in the market, they are gonna be toast sooner rather than later.

    This is a time to stand at the sidelines.

  14. #14
    Senior Member Lolly Pop's Avatar
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    *****! The Dow's just dropped below 10,000!

  15. #15
    BikeForums Founder Joe Gardner's Avatar
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    How much longer until Dow 7,000?

    For the first time, I'm thinking about selling my international EFT (Down 37% from cost) and putting whats left into a proshares ultrashort. This hurts. :/

  16. #16
    Senior Member Lolly Pop's Avatar
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    Quote Originally Posted by Joe Gardner View Post
    How much longer until Dow 7,000?
    At this rate of emergency, not long I reckon.

    Take cover!

  17. #17
    J E R S E Y S B E S T Jerseysbest's Avatar
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    Well according to the Wall St Journal, its not a crash, its a "break".

    Apparently jsut a way to sugar coat the downward spiral.

  18. #18
    Dude wheres my guads? skinnyone's Avatar
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    Quote Originally Posted by Lolly Pop View Post
    FTSE has its biggest one-day drop in 20 years today.

    Velly scary.
    percentage or points?

    And tim, they suspended trading in the Russia! Second time this year if I recall.

  19. #19
    Portland Fred banerjek's Avatar
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    Fortunately, I was planning on waiting until turning 88 before retiring....

  20. #20
    riding once again jschen's Avatar
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    Quote Originally Posted by pgoat View Post
    I just checked my portfolio...when the market comes down, my breakfast comes up
    If a single day swing of a few percent can cause you to lose your breakfast, then perhaps it's time to rethink your asset allocation and your investment strategy.
    If you notice this notice then you will notice that this notice is not worth noticing.

  21. #21
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    I stress out too much for short term watching of stocks. Instead, I buy something from a company I really like, and just hold the stock. Once I have a job again, I probably am going to start buying some stocks with each paycheck each month (dollar cost averaging.) IBM is definitely on my list, Apple is pure chaos on the short term, but seems to perform long term. I may also take the risk and buy GM for a couple years to see if the Volt takes off or flops.

  22. #22
    Senior Member Lolly Pop's Avatar
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    Quote Originally Posted by skinnyone View Post
    percentage or points?
    Points. 391 points. Lost 93.4 billion in value.

  23. #23
    Dude wheres my guads? skinnyone's Avatar
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    Much like Joe, I am really considering some shorter term(1-3 month) investments in a pro shares short/ultra short such as EEV or the Small cap one.

  24. #24
    Immoderator KrisPistofferson's Avatar
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    The only positive thing that will come out of this is that goofballs will quit putting Wall Street in with the rest of their divine cosmology. I remember at the end of the Nineties, the conceit seemed to be that Wall Street could do no wrong, and then Bush went on to see if he could put Social Security in the stock market. Well, "The Invisible Hand" just went ahead and b!tch-slapped everybody to wake up out of that ****ing dream.

    My grandparents grew up in the Great Depression, and my attitude towards Wall Street has always been heavily influenced by them, and you know what? They were right.

  25. #25
    Senior Member Lamplight's Avatar
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    Quote Originally Posted by KrisPistofferson View Post
    ...and you know what? They were right.

    That's because we were smarter then.

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