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Dow drops 500 points

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Dow drops 500 points

Postby chadlincoln » Tue Feb 27, 2007 4:22 pm

8-o Still going...

http://news.yahoo.com/s/ap/20070227/ap_ ... _street_96
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Postby thedude » Tue Feb 27, 2007 4:31 pm

:-/
"I do not think baseball of today is any better than it was 30 years ago... I still think Radbourne is the greatest of the pitchers." John Sullivan 1914-Old athletes never change.
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Postby pokeyjoe » Tue Feb 27, 2007 4:38 pm

uh oh...I'm not that knowledgable regarding the stock market, but 500 points seems like a lot.
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Postby chadlincoln » Tue Feb 27, 2007 4:40 pm

pokeyjoe wrote:uh oh...I'm not that knowledgable regarding the stock market, but 500 points seems like a lot.
For one day it is. Most I've ever seen it move is 150 points since I've been watching it a few years.
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Postby Fireball Express » Tue Feb 27, 2007 4:42 pm

The news that my accounts were all up about 20% last year is short lived I guess. It's a good thing that I'm a conservative investor or I'd be freaking out right now.
Times like this there's only one thing to do; invest.
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Postby PlayingWithFire » Tue Feb 27, 2007 4:44 pm

The day after the collapse of the Chinese stock market.

My dad's 1000 stocks of Bank of China fell 7.23% yesterday 8-o
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Postby PlayingWithFire » Tue Feb 27, 2007 4:45 pm

Fireball Express wrote:The news that my accounts were all up about 20% last year is short lived I guess. It's a good thing that I'm a conservative investor or I'd be freaking out right now.
Times like this there's only one thing to do; invest.


Might want to wait after the storm clears a bit? No?
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Postby chadlincoln » Tue Feb 27, 2007 4:46 pm

PlayingWithFire wrote:
Fireball Express wrote:The news that my accounts were all up about 20% last year is short lived I guess. It's a good thing that I'm a conservative investor or I'd be freaking out right now.
Times like this there's only one thing to do; invest.


Might want to wait after the storm clears a bit? No?
Ya, as long as you are dollar/cost averaging, you should be ok.
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Postby thedude » Tue Feb 27, 2007 4:52 pm

Well the stock market had been setting records every day, so i guess a correction was in order.
"I do not think baseball of today is any better than it was 30 years ago... I still think Radbourne is the greatest of the pitchers." John Sullivan 1914-Old athletes never change.
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Postby Fireball Express » Tue Feb 27, 2007 5:02 pm

PlayingWithFire wrote:
Fireball Express wrote:The news that my accounts were all up about 20% last year is short lived I guess. It's a good thing that I'm a conservative investor or I'd be freaking out right now.
Times like this there's only one thing to do; invest.


Might want to wait after the storm clears a bit? No?


Yes and no.
As a long term investor I can see such investments considered a bargain 5-10-15 years from now.
If I was looking to make a quick profit, which I'm not, I'd be worried that I'd lose in the short term.
If you noticed, the Dow has gained 100pts back since today's low. That's people trying to capitalize on today's downswing.
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