Easy Come, Easy Go: DOW -515.80

[fascisthunter]

jeez

[Horse with no Name]

1. So basically the suckers (vultures) who swooped in to make a killing

Propped it up early in the week...and some more fat cats squeezed a little more profit out of desperate folks.
Nice!

[katty]

2. yup, their biz-as-usual swindling

[phantom power]

3. My guess is the stock market will be unmoored until the credit market restabilizes.

It's hard to evaluate purchasing a company when literally everybody's credit lines are up in the air.

[TahitiNut]

4. The market doesn't seem to ever run out of Greater Fools.

:shrug:

[ellie]

5. I just got my 401K

statement. I wish I wouldn't have opened it up. It's down 21.35% for the year.

[Horse with no Name]

6. I got mine yesterday

There were an awful LOT of negative marks down the list.
However...it ended up $2.35 PROFIT for the quarter.
I'm thinking of celebrating by buying a half gallon of gas and basking in the knowledge of what a savvy trader I am!

[TZ]

9. Go have a PARTAY!

You can have TWO menu items on a fast food dollar menu!
Me--I've lost sooo much this year..I just keep saying "you're in it for the long term, you are in it for the long term..":hi:

[Horse with no Name]

11. Hey there my old partner-in-crime

:hi:
I think I will save up until I can splurge on SUPERSIZING!
HELL YEAH!

[fascisthunter]

7. sorry.....

I mean that, not that I am responsible, but I'm not happy about the DOW falling.

[lpbk2713]

8. So much for the flash in the pan.

:eyes:

[2hip]

10. relax

it is within retrace parameters and just part off the up/down, ebb/flow of the market. no worries.

[TheWatcher]

14. Yes, we know, everything is fine.

:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:

Get in there and buy with BOTH hands.

[fascisthunter]

16. yeah.... no biggy especially after a 700 billion dollar bailout

no biggy for the investor...

but for the tax payer..... oooops

[TheWatcher]

17. SO are you still going to tell everyone to releax now the 806 of the 973 ponts gained on Monday's

Fake, Synthetic Bullshit Rally are gone?

Or is this just another example of "normal ebb and flow of the Market?"

I bet your longs did SMASHINGLY today.

But don't worry, the PPT and TPTB will be back on the Cathode Answer Box soon to soothe you with more empty rhetoric, Magical Schemes, and Sparkle and Dazzle you with the Power Of Bullshit.

Buy That Dip!

[Alcibiades]

12. Get out of stocks

We pulled our retirement out in January. Those paid touts on TV who keep talking about the long term fail to note that people who pull their money out before a 50% decline and who then get back in will do much better than those who left it in during the decline.

[fascisthunter]

13. hope you have enough to ride this out

many havn't enough..... most aren't even able to invest....

[Alcibiades]

18. That's the point

These jerkwads have wanted to invest social security in the stock market for years. Today, they are all on the various business programs on TV, screaming about how stocks are such a good deal, even going so far as to suggest that folks should take out mortgages to buy stocks.

And no, I don't have enough to ride this one out. But I am a little better off because I didn't listen to these paid touts who talk about how stocks are for the long term, looking for the greater fool to buy assets that their bosses are looking to unload.

[fascisthunter]

15. -735.15