After opening below 7000, the DJIA has now dropped below major

support levels.  6000 has become a very real possibility. All sectors

are under pressure and the outlook is bleak. A near-term turnaround

or bottom is unlikely.  All indicators and news releases are much

worse than anticipated.

AIG reported the largest loss for any U.S business in history this

morning.  

My daughter is a W/C claims adjuster for A.I.G. large group in the Dallas office. She is off on maternity leave. Hope there is something for her to come back to in May.

I've got a class right now (financial management) and we have to invest 100k in the market (obviously play money) - seems impossible to make money unless you are selling short.

  -any tips?

Buy cheap/Sell high.

No, I have no suggestions and neither does anyone else at this time.

Best of luck!

"Grab your ankles" comes to mind.

If it gets to bad, I might have to pull a Jerimiah Johnson  

DJIA  -245 at 6819

I've got a class right now (financial management) and we have to invest 100k in the market (obviously play money) - seems impossible to make money unless you are selling short.

-any tips?

Gold. Bout all I got.

"Monopoly money" should be put in the devastated financial sector

where you could easily double or quadruple your money in a day,

a week or a month. You might as well swing for the fence, there's

no downside.

"Real money" should remain on the sidelines.

8-)

My portfolio just hit an all time low.

Stocks are going down faster than a bottle of vodka at Courtney Love's house.

But I'm continue to ride my loss until it turns to gain.

Hey Nater, can you do options in your class? do a call and a put option on your stocks. That way if it goes up in the time frame you choose you make money, if it goes down, you still make your money. That about only thing I can think of to make cash in today's market.

If you really want make small profit spread on the stock simulator try this; Get all your buddies to push a lot of cash into one stock sending it up, then quickly dump it and  then short sell it and tell your buddies to pull all the cash out. That high buy and sell of liquidity should increase and decrease the stock. So basically your just making small profit if you do it right. Correct me if I'm wrong anyone, but I believe this is call portfolio pumping and it is illegal in the real market.

This is not to be disrespectful, but to protect people. The above information is a Federal Felony, you may want to find another way to

brighten your days up.

This is not to be disrespectful, but to protect people. The above information is a Federal Felony, you may want to find another way to

brighten your days up.

At end of my post I put "it is illegal." The stock simulator what I assume Nater is doing in his class. Just do it quietly where the professor will not find out.

I DO NOT ENCOURAGE ANYONE TO TRY THE PUMP AND DUMP TECHNIQUE IN THE REAL MARKET!!!!

Close:  DJIA -300 at 6762;  S&P -34 @ 700

I am no financial expert, but wouldn't right now be a good time to buy? If the markets ever do turn around, they may be up 30% before we realize it.

Also, I do not believe gold is a fantastic investment. What has it averaged, like 4%?

Be fearful when others are greedy.

Be greedy when others are fearful.

-Warren Buffett

- I don't think pumping will work.  Investopeida.com is the simulator that we use and it simply mirrors the market.  So in a sense, my (or any number of other buyers) transactions aren't really affecting the simulated market.  

-On another note, I dumped a bunch of money into ticker symbol GOLD (randgold resources) which is a mining/exploring type company as well as  ticker symbol GLD- a gold trust before the ''stimulus'' was passed.  Gold was climbing as market confidence was slipping and I was doing pretty well with it... but to make a long story short I dumped them thinking the stimulus would help turn ''cheap'' investments into an upward trend... wrongO

- I challenge you to find anywhere else you can make a consistant 4% @ relatively low risk right now

- I don't think pumping will work. Investopeida.com is the simulator that we use and it simply mirrors the market. So in a sense, my (or any number of other buyers) transactions aren't really affecting the simulated market.

Yeah that what I thought. I have fart around with that simulator to learn how buy and sell security.  

Problem I have with that simulator..if prediction pays off and you gain a crap load of fake money, you will be mad because you could have done that in real life.  

- I don't think pumping will work. Investopeida.com is the simulator that we use and it simply mirrors the market. So in a sense, my (or any number of other buyers) transactions aren't really affecting the simulated market.

Yeah that what I thought. I have fart around with that simulator to learn how buy and sell security.

Problem I have with that simulator..if prediction pays off and you gain a crap load of fake money, you will be mad because you could have done that in real life.

Nope...Fake money has no consequences. You win and brag about

it or lose and don't mention it. In real life you can play the hand

you're dealt, but folding is always the easiest option.

8-)

We should stop caring so much, the Ancient Chinese, Mayans, and Nostradamus all say it is going to end December 21, 2012.

Let's just go fishing and forget about it.....

- I don't think pumping will work. Investopeida.com is the simulator that we use and it simply mirrors the market. So in a sense, my (or any number of other buyers) transactions aren't really affecting the simulated market.

Waffles....tasty waffles with lots of syrup....

-On another note, I dumped a bunch of money into ticker symbol GOLD (randgold resources) which is a mining/exploring type company as well as ticker symbol GLD- a gold trust before the ''stimulus'' was passed. Gold was climbing as market confidence was slipping and I was doing pretty well with it... but to make a long story short I dumped them thinking the stimulus would help turn ''cheap'' investments into an upward trend... wrongO

- I challenge you to find anywhere else you can make a consistant 4% @ relatively low risk right now

A bottom can never be timed.  Or should I say the market can never predicted.

If you have a long term outllook I suggest you buy, but avoid the finance, insurance, retail, or automobile sector in the short-term.  Too many crazy things going on right now.

Not to get political, but if a company is bound to fail don't bail it out for bailing out sake.  

The dust will settle people and there will be viable companies that hopefully aren't all owned by taxpayers. Failure is an option, let the markets BE!

-I'm not pretending to have the answer, but in some cases it seems like bailouts are delaying the inevitable... but on the other hand are saving jobs...yet are costing taxpayer dollars... I don't *** politicians jobs at the moment.

We should stop caring so much, the Ancient Chinese, Mayans, and Nostradamus all say it is going to end December 21, 2012.

Let's just go fishing and forget about it.....

Yeah, I'm celebrating Christmas early that year.

Down again today:

DJIA -37 at 6726

S&P   -4 at  696

A bottom can never be timed. Or should I say the market can never predicted.

If you have a long term outllook I suggest you buy, but avoid the finance, insurance, retail, or automobile sector in the short-term. Too many crazy things going on right now.

Not to get political, but if a company is bound to fail don't bail it out for bailing out sake.

The dust will settle people and there will be viable companies that hopefully aren't all owned by taxpayers. Failure is an option, let the markets BE!

Your right on. Too bad the people in control don't feel this way.

We should stop caring so much, the Ancient Chinese, Mayans, and Nostradamus all say it is going to end December 21, 2012.

Let's just go fishing and forget about it.....

Ha ha, good point.

I can't stop laughing about this. Too funny.