Dow down 344!

[tszyu#1]

Holy crap! That wa uuuuuuggggllllyyy. If I still drank I'd be drinking from 4 til midnight. Ouch what a day.........lil mercy bounce tomorrow? Please?

[Terry Newton]

Vote Republican. They will get us out of this mess.

Terry Newton

[JimSnyder]

Originally Posted by Terry Newton

Vote Republican. They will get us out of this mess.

Terry Newton

X2 Palin, Palin!!

[ratae1950]

Originally Posted by JimSnyder

X2 Palin, Palin!!

Just watched The Beverly Hillbillies movie instead of gramps at the convention. I was struck by the similarity between the Palins and the Clampetts [hope I spelt it right.] Almost makes me want them to win. The bad 'gal' in the plot pretended to be French [European..... with European ideas.]

[Leighton]

Originally Posted by Terry Newton

Vote Republican. They will get us out of this mess.

Terry Newton

Originally Posted by JimSnyder

X2 Palin, Palin!!

I think Terry is just kidding, Jim!

[Bearcat]

So much for my GMT-II C fund......

[toph]

the whole world is affected by you guys over there -economically as they say in europe America sneezes and europe catches a cold.! the UK economy is a disaster at the moment and the FTSE

[tszyu#1]

Oil @ 107 a barrel, lowest in 5 months (can u believe we were at a 148 couple months ago?) Oil down, usually mkt up, but jobless claims crushed us. I gotta think it's more than that though...it's a damned conspiracy I tells ya

[chicagowatchman]

SARAH PALIN ROCKS!!!!!!

[explodingtaco]

On the bright side it is only down 96 points over the last 30 days. :)

Not that these graphs will make anyone who lost thousands of dollars today happy . . . But historically we are close to where the technical data says long term trend is.

Here is a normal graph of the Dow's growth. Notice that if we correct for the bubble in the late 90's and the one we are hopefully just coming out of, we seem to be close to trend.



Here is a logarithmic graph that also shows the same thing, this graph more accurately demonstrates that we are still growing at a constant historic rate. Note the grey line I inserted.

[tszyu#1]

I noticed QID (ETF-Exchange Traded Fund-kinda like a mutual fund that follows a paricular sector) is higher after hours. QID is 2x the inverse of the QQQQ, another ETF which follows the non financial stocks on the Nasdaq 100. Sorry to those who are in the know, just trying to briefly explain to those who might not be. So, Nasdaq go up, QID goes down and vice-versa. After hours isn't a huge indicator of things to come the following day (unless a company comes out with earnings/news and it's up 20 pts after hours-chances are pretty much a lock it'll be up the next day, but maybe pullback later in the day) Friday's are usually low volume down days. Usually. If QID is up, maybe we'll see another triple digit loss tomorrow. Then again it's not up huge.

[Some Pair]

You know how it is tho, history has shown that usually over any 10 year period, the Equity Market wins over Bonds and CD (safe Money).
In my opinion, the only difference nowadays is that the media farts, and someone reacts to it thousands of miles away. Much harder to recover with all the varied opinion news and media thrown around. Unlike what "chicken little" says, the sky is not falling. Only the market for a 'lil bit...

[Letsgodiving]

The US markets have gone through decades where they have not increased. We are currently in a period where it seems that could be a possibility again. The market is volatile this year as predicted but the last thing you want to do is trust in the self-appointed experts who propound the almighty stock market. Look around as there are other avenues and the people who are such proponents of investing in the general markets are very often people who have a vested interested in you doing so.

[Some Pair]

Originally Posted by Letsgodiving

The US markets have gone through decades where they have not increased. We are currently in a period where it seems that could be a possibility again. The market is volatile this year as predicted but the last thing you want to do is trust in the self-appointed experts who propound the almighty stock market. Look around as there are other avenues and the people who are such proponents of investing in the general markets are very often people who have a vested interested in you doing so.

Sure thing, but the market you speak of still beat "safe money" bets. Don't need to hold a license to research the last 100 years. Sure you tread lightly with the overdone media fanfare of modern day. If you're more inclined for a safe, albeit taxable CD, might as well buy the Govt. backed "safe vehicle" the Banks buy to then give you the lower return of it, while holding on to a bit of it themselves....I know, yada, yada, & blah, blah, blah. No Harm, No Foul...
JMO and the other side of your coin.

[tszyu#1]

Another bloodbath. I have one stock up--the QID. I should sell everything out and go short

[explodingtaco]

Originally Posted by tszyu#1

Another bloodbath. I have one stock up--the QID. I should sell everything out and go short

If you would have done that at the time you posted (assuming the time is accurate) you would have lost another 1%, taking your total daily loss to 2% instead of it being -0.13% at the moment 12:49 pm EST.

[tszyu#1]

Originally Posted by explodingtaco

If you would have done that at the time you posted (assuming the time is accurate) you would have lost another 1%, taking your total daily loss to 2% instead of it being -0.13% at the moment 12:49 pm EST.

Yup, looks like a baby afternoon rally.. go market go!

[gmh1013]

I pulled all money of months ago and went to ins CD's
I dont work so I have to watch the little I have and its gotta last.
Until the credit, housing, election, oil and have I left out anything else crisis is over
forget the market