I have been checking the dow frequently today and I am amazed by how much it has shifted. Down almost 700 at opening than up by 60 something and now back down by 128.  I really wish I had some spare change to throw in the market.

I have been checking the dow frequently today and I am amazed by how much it has shifted. Down almost 700 at opening than up by 60 something and now back down by 128. I really wish I had some spare change to throw in the market.

Yup.  If I had spare change and big kahonies I'd buy some gm stock.  then let it sit for about 1-2 yrs.

You know everyone in the media is blaming this whole crisis on bank's and mortgages but they should also be looking at WHY people are defaulting on loans at an unprecedented rate. Sure, alot of people got approved for loans that they had no business getting but there are alot of folks losing their homes/cars because of the price of gas has nearly tripled in the past 4 years.

The average joe can't pass this increase off to customers and the employers are certainly not paying them more just because fuel is up. The rise in gas has also raised the price of EVERYTHING and household budgets have gone out the window. People have to work and put food on the table so the housenote is the last bill being paid each month.

Suppose the government bails out all the banks then people losing their homes with more loans. :-? They STILL don't have the money to pay so how the hell is that helping bring us out of this? Only way to fix this d**n economy is to lower people's/companies expenses; GAS PRICES. Step in and regulate the price per gallon back down to say $1.80 a gallon and watch as the red ink starts to disappear and companies get back in the black. The oil companies have made their nest egg and need to be throttled back now. And as far as the U.S. getting it's oil, well we should be getting a HUGE discount from Iraqi Oil for our work there.

Guess I'm just ticked at everyone pointing fingers at everyone EXCEPT at the Oil Companies and speculators driving the cost up. Sorry about the rant. >

Too many people are dumping their stocks and buying fixed funds.  But Warren Buffet is buying stocks.  So am I.  Shares of my S&P500 Index Fund are selling for under $9 a share - the lowest I've seen it in some years.  I'm buying as much as I can afford.  I'm buying Diversified, Small Cap and International Funds, too.  The prices are too low now not to buy.

We may not have hit rock bottom, and I may see some more loss, but my shares are way up.  Sooner or later (I think sooner) stocks will start trending back up.  There's money to be made in all this.

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!

x2!

For those that bought at the "lows", you'll have another chance again tomorrow:

DJIA -733 at 8577

This is the biggest decline since the The Crash of '87.

The rout continues this morning...Down another 330 points

No kidding.  If things keep going this way we might have to start eating our fish... :-/

It's up 400 points as of 4:00 p.m.