DJIA -514

S&P -58

NASDAQ -81

Buying opportunity!

It's not close to over, you'll have plenty of "buying opportunities".

8-)

Buying opportunity!

Wait a little longer.

If taxes go up the economy will suffer. If they go down the economy will stabilize and eventually go up.

DJIA at 7000 is a place to start if you are an INVESTOR.

Right now could be a deal as a trader or SPECULATOR.

The market offers no VALUE currently. The market has NEVER

hit bottom going INTO a recession.

8-)

You think I need to carry my Tungsten weights back? ;D

All jokes aside, my wife is two years from retiring from Sprint after 42 years of service. Looks like she is going to leave with what she started with ( Nothing ) :-[

Buying opportunity!

I agree.  But if you didn't buy when the DJ dropped to 7500 you missed a major window.   I sold half my fixed funds and moved the money, as well as new money, into stock funds during that window.  Last time it was that low was 6.5 years ago.  Still, now is a good time to buy. The DJ may drop lower, but over the long term you're going to make some money even if you buy today.

As Warren Buffet say, "Be greedy when others are fearful."

Buying opportunity!

I agree. But if you didn't buy when the DJ dropped to 7500 you missed a major window. I sold half my fixed funds and moved the money, as well as new money, into stock funds during that window. Last time it was that low was 6.5 years ago. Still, now is a good time to buy. The DJ may drop lower, but over the long term you're going to make some money even if you buy today.

As Warren Buffet say, "Be greedy when others are fearful."

Buffet also said:

"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."

If it was only that simple.

That's the problem.  Too many people don't understand the difference between loosing money and loosing value.  Lost value can be recovered, lost money can't.  I've heard of more than a few people who withdrew their 401K money when the stocks started diving.  They lost money they'll never get back.  Had they had the fortitude to ride it out, and maybe buy when prices were low, they would have recouped their lost value, and made some more to boot.  

Dow Average May Sink to 5,000

By Thomas R. Keene and Ken Prewitt

 

Oct. 23 (Bloomberg) -- The Dow Jones Industrial Average may sink

as low as 5,000 next year, a 41 percent decline from its current level,

according to Peter Boockvar of Miller Tabak & Co.

   

"The market's going to overshoot on the downside," Boockvar said in

a Bloomberg Radio interview yesterday. ''When that occurs, I'll be a

raging bull.''

The CHART OF THE DAY shows 40 years of the Dow average. It last

closed below 5,000 on Nov. 20, 1995. A retreat to that level would

represent a 65 percent plunge from its all-time high of 14,164.53 set

in October 2007.

Earnings estimates are too high and when investors realize that, they

will drive the stock market lower, added Boockvar, Miller Tabak's New

York-based equity strategist. Companies in the Standard & Poor's 500

Index will earn a total of $60 a share in 2009, not more than $90 as

some analysts estimate, he said.

Money?  

RW,

You were right about oil prices, I hope you are not right about hitting 5,000. Like most, I have lost value in my 401K...but I haven't lost money yet.  

Retirement is still more than 2 decades away for me, so I will wait it out like so many others.  I just have to wonder how many more years it will take to get the dow back to where it was just 2 short years ago.

14,000 seems like ancient history...Ugghh.

The argument that stocks lead a rebound is sound,

but the market has never hit bottom at the

beginning of a recession. There will be more

bleeding before the healing begins.

p.s.

After being up more than 200 points earlier,

the DJIA is now down on the day: -25 @ 8493.

Well it could be worse.  I could have bought gm stock in the 50's LOL.  Glad I dont own any of that. Shoo.

I hope mine dont go down much more. :-/

Trading down over 238 points with an hour to go,

the DJIA rallied 400+ points to finish +172 @ 8691.

Volatility rules the market!

8-)

LIMIT DOWN!

Futures markets are closed:

http://www.foxbusiness.com/story/markets/futures-plummet-ugly-day-street-expected/

:-X

The sky is falling, the sky is falling...

DJIA -312 @ 8378 down 3.6% today.

S&P -31.34 down 3.5%

NASDAQ -51.88 down 3.2%

The markets appear to be poised for much steeper

declines next week. Europe and Asian markets are

in far worse condition and Russia closed down today.

http://www.foxbusiness.com/story/markets/futures-plummet-ugly-day-street-expected/