Tomorrow will be worse.

scary- they are talking about more banks going under- what the hell.  

8-8.5 is as low as it will go.

8-8.5 is as low as it will go.

Brother I hope you are right  

Pretty soon will be a good time to buy!

Pretty soon will be a good time to buy!

x2

Problem is too many people panic... Things wouldnt be soo bad if people didnt panic sell.

Problem is too many people panic... Things wouldnt be soo bad if people didnt panic sell.

Wish I had some cash on hand for buying.  

The rich will get richer and the poor poorer.

Problem is too many people panic... Things wouldnt be soo bad if people didnt panic sell.

Wish I had some cash on hand for buying.  

My investment mgr. told me the other day the portfolio managers have been setting about 18% aside in cash, just for this purpose.

I've been playing around with "fake" money for the past few weeks. Not doing too bad either...

I started out with $100K, now I have over $300K

I wish I could have done this for real :-/

its crazy i saw today that last yr today it was at its highest at just over 14,000 but today one yr later at its all time low.

If it gets below 8k, it's time to BUY! BUY! BUY!

30-yr mortgage interest rates could go below 6% in the next 6 months - excellent time to refinance if you haven't done so recently.

I don't think the Dow and S&P will drop too much further.  I think they will turn around soon.  IMO, now's the time to buy.  I hope so, since I dumped some fixed rate fund shares and put the money, as well as some cash, into diversified funds, small cap funds and s&p index funds.   I think we are going to see some kind of leveling out here soon, then some waxing and waining, followed by relatively steady growth back to where the markets were, and hopefully past that.  May take a few months for that process to get underway, but I think the bottoming-out is about to happen.  

I hope you guys are right about this.  I've got a gut feeling that the worst hasn't hit us yet. :-[

If it gets below 8k, it's time to BUY! BUY! BUY!

30-yr mortgage interest rates could go below 6% in the next 6 months - excellent time to refinance if you haven't done so recently.

True, but unfortunately most can't Glenn because they owe more than what their house is worth.

It will be interesting to see what happens in the next 12 months.

Cash market opens in 45 minutes.

DJIA futures are currently down 275 points.

Opening down 689 at 7890

Dow Average May Be Poised to Fall to 7,000

By David Wilson

    Oct. 10 (Bloomberg) -- The Dow Jones Industrial Average would have to fall about 18 percent more to reach its ''trend line'' since August 1982, when the 1980s bull market started, according to Peter Boockvar, an equity strategist at Miller Tabak & Co. in New York.

    As the CHART OF THE DAY shows, the average is closer to the reading indicated by the trend line than it was in October 2002, when the last bear market hit bottom.

    Yesterday's close of 8,579.19 was about 23 percent higher than the level indicated by its past performance -- about 7,000, Boockvar wrote in an e-mail today. The Dow average's earlier low was about 35 percent above the trend line.

    The Nasdaq Composite Index fell to its post-August 1982 line ''almost to the penny'' after the 1990s Internet bubble burst, he wrote. The index plummeted 78 percent between March 2000 and October 2002, when it reached a six-year low.

    Since Sept. 29, the Dow industrials have fallen 23 percent.

The retreat started with a 777.68-point plunge, the biggest one- day drop in history.

    The Standard & Poor's 500 Index would have to lose only about 6.5 percent more to hit its trend line, according to Boockvar. The reading suggested by the index's swings in the last 26 years is 850. Yesterday's close was 909.92.

    Stocks may hit bottom before the benchmarks drop to these levels, Boockvar wrote. ''We certainly don't need to get there in order to create a bottom,'' the e-mail said.

--Editors: Laurence Arnold, David Henry.

I am for once gald I am broke, for me just another day figuring how I am going to pay my bills, same as last week :

 My pockets may be light but my heart and soul are filled with joy and gratitude, I would rather have my heart ans  soul filled 8-)

I am reminded of the Alabama song "I was born country"

There is a line that says something about remembering when Wall Street fell but,  they were so poor,  that they couldn't tell.  That's me.

UPDATE: NOON EDT

DJIA -436 at 8143

Oil $79.39

This should be an effective object lesson for those who unnecessarily overextend themselves.  Too bad everyone else gets dragged into the fray.  Also, too bad memories are so short.

The rich will get richer and the poor poorer.

I don't think that's the case here at all. Everyone is feeling it right now. If not in the market, then in groceries and gas.

You might be better off saying that those who have lived within their means, on a budget, and saved some cash will have opportunities to invest at discounted rates... that those who irresponsibly borrowed up to their eyeballs won't have.

"Rich" and "poor" have nothing to do with it... I'm not rich, by any means... but I have money saved. (thanks Dave!)

Poor is a state of mind.

This should be an effective object lesson for those who unnecessarily overextend themselves.

I agree!

The rich will get richer and the poor poorer.

I don't think that's the case here at all. Everyone is feeling it right now. If not in the market, then in groceries and gas.

You might be better off saying that those who have lived within their means, on a budget, and saved some cash will have opportunities to invest at discounted rates... that those who irresponsibly borrowed up to their eyeballs won't have.

"Rich" and "poor" have nothing to do with it... I'm not rich, by any means... but I have money saved. (thanks Dave!)

Poor is a state of mind.

This should be an effective object lesson for those who unnecessarily overextend themselves.

I agree!

You missed my point.

But that's OK. The middle class is disapearing . Eventually their will only be two classes of people , rich and poor.

Rich and poor have everything to do with it. JMHO

12:50 CDT

DJIA down $581 at 7997

Oil $77.65