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Dow drops 500 points

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Postby chadlincoln » Tue Feb 27, 2007 5:09 pm

Fireball Express wrote:
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.
So will tomorrow be an upswing or down? I say down.
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Postby PlayingWithFire » Tue Feb 27, 2007 5:22 pm

Fireball Express wrote:
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.


It all depend on whether or not you think it's a 1 day adjustment or it will last longer. In the last Chinese stock market crash. I've seen the tail end bounce back a little at the end of the first day too. Yet it keep falling for a bout a week before it started to recover.

As to stocks being a bargain 5-10-15 years ago, true. but most stocks will have gained quite a bit in 10 years due to inflation anyway. Either way, I think car companies like Ford would be great long term investment right now. But chances are their stock could fall about a dollar lower before the bounce back.
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Postby RWLongy4 » Tue Feb 27, 2007 5:59 pm

That's insane... It's a good thing I have all my money buried under the tool shed :-b
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Postby Yoda » Tue Feb 27, 2007 6:01 pm

Took a pretty hefty hit today but I am not worried since I don't day trade.
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Postby mrider » Tue Feb 27, 2007 6:31 pm

I wouldn't touch Ford. They will probably end up just selling trucks because there cars are losing them so much money. And the TSX is getting rocked today. I think it is down 350 points so far. And back to the top of my post Ford is way to big of a risk to buy right now. I hope a lot of people Short Sold today. If so they will of made a bundle.
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Postby acsguitar » Tue Feb 27, 2007 7:04 pm

I got no money to invest
I'm too lazy to make a sig at the moment
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Postby mrider » Tue Feb 27, 2007 7:05 pm

acsguitar wrote:I got no money to invest


Lucky for you today. The TSX went down a record amount.
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Postby JTWood » Tue Feb 27, 2007 7:39 pm

I'm so ready to buy.

Now I just need some money... :-[
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Postby teddy ballgame » Tue Feb 27, 2007 7:42 pm

We talked about stock market crashes today in History, without knowledge of this one yet. 8-o :-?
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Postby Art Vandelay » Tue Feb 27, 2007 7:43 pm

This is why I keep all of my money in a sack buried in my back yard.
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