Market Disaster!

[dirty old man]

Worst day in my financial history. If things don't come back in the last hour, I'm down over 100k

[h2oski2fast]

Wow, so you plan on selling everything this afternoon?

[Sleek-Jet]

The good news is that crude oil prices are down... :)

[h2oski2fast]

The good news is that crude oil prices are down... :)
Funny how gas prices are going up though.

[Havasu_Dreamin]

No need to get your panties in a wad.....

[dirty old man]

H2O, no I don't dare sell anything, just going to hang on

[h2oski2fast]

H2O, no I don't dare sell anything, just going to hang on
I figured that, just being a smartass.

[Sleek-Jet]

Funny how gas prices are going up though.
It's all to maintain the illusion that gas prices aren't tied to oil prices... :rolleyes:

[DILLIGAF]

Diversification! dON'T PUT EVERYTHING IN ONE BASKET PEEPS AND YOU WILL BE FINE

[Relaxalot]

I just took my boat off the market and look what happened! It shows that we are all interconnected and how delicate our economy is (and how reliant it is on the boating industry)

[Paulie]

everyone took a hit :( dow just came up about a hundred in 5 min or so

[C-2]

Wow, sorry to hear that Dirty, that's a huge hit.
I saw the news about Greenspan's comments a few days ago, was wondering if they still have the impact they used to.

[essexjet]

10 Year Note is at 100.94 up .97:D :D :D

[Havasu1986]

Diversification! dON'T PUT EVERYTHING IN ONE BASKET PEEPS AND YOU WILL BE FINE
Thats what I have done. A guy at work got back in the market yesterday for 120k. He's a little pissed right now.:mad:

[YeLLowBoaT]

hmmm maybe i'll actaully buy a few shares of this and that today...

[Big Warlock]

Worst day in my financial history. If things don't come back in the last hour, I'm down over 100k
The market is down less than 5%? You must have one hell of a portfolio. But then, if that was true, what the hell would $100K be to you? Or did one stock you had crash and burn?
Sorry to hear either way! :mad:
This was predicted this morning after China market dropped 9% overnight.
If you're just an investor, stay put and you should be fine.

[whiteworks]

leverage your holdings and double down.
BUY BUY BUY.
sounds like some bargain shopping to be done.

[essexjet]

Closed down 415.30 Ouch:sqeyes:

[AZKC]

I heard its the biggest drop since 1987:confused:

[AZKC]

Ouch THLD -57.26

[rrrr]

As a number, yes. As a percentage, not even close. The media is in the headline business. Just ignore it and look for bargains to buy.

[burtandnancy2]

Heard at one point today it dropped 200 in less than a minute!!!

[Havasu_Dreamin]

As a number, yes. As a percentage, not even close.
Yep. October 19, 1987, Black Monday, the market saw a drop of 508 points which amounted to a 22.6% drop. The drop today is ~5%.....

[DILLIGAF]

Ouch THLD -57.26
BRK.B -$79 (2.22%)
BRK.A -$1,700 (1.59%)
It's all about %

[STV_Keith]

Well I just shuffled some 401k out of the money market and into Large Cap for tomorrow. :)

[burtandnancy2]

stv, let us know how that works out...

[cdog]

% wise it's just a blip so far. Black friday was something like 24% today is less than 4%. We'll see what happens on Wed..:eek:

[AZKC]

Ouch THLD -57.26
BRK.B -$79 (2.22%)
BRK.A -$1,700 (1.59%)
It's all about %
Sorry I forgot the %, it was the biggest % loser today but it was only a $3.00 stock, on sale now for under a buck fifty:D

[DILLIGAF]

Sorry I forgot the %, it was the biggest % loser today but it was only a $3.00 stock, on sale now for under a buck fifty:D
I checked it out after you posted and I saw that. Big drop on that one you mentioned :sqeyes:

[Paulie]

The market is down less than 5%? You must have one hell of a portfolio. But then, if that was true, what the hell would $100K be to you? Or did one stock you had crash and burn?
Sorry to hear either way! :mad:
This was predicted this morning after China market dropped 9% overnight.
If you're just an investor, stay put and you should be fine.
100k is a lot of money it still hurts if you have thousands or billions

[essexjet]

This was the biggest hit since Sept, 11, 2001

[That Guy]

No need to get your panties in a wad.....
Amen brother.....the media loves the headlines..."Market Disaster"...'Housing Crash"...etc...and then a couple of years later we are all talking about how good things are...most markets are LONG term investments and if you are jumping in and out of the stock market you need to be either very smart or very lucky....otherwise you will inevitably end up being punished by each up and down....just my .02.:)

[burtandnancy2]

CNN just reported that there was a technical glitch on the Dow which caused part of the problem. So I guess "film at 11"

[rivercrazy]

Gotta love dollar cost averaging in your an "INVESTOR"

[Powerquestboy]

He hasnt realized a loss unless he freaks out and sells all his shares. Like he said he will sit tight. Some investors will freak and think the sky is falling and sell everything. Others will spend some time tonight writing checks. If your as young as I am your happy to buy some shares at these low prices!

[3 daytona`s]

Greenspan was on this weekend,predicting a recession by years end.I guess he had a handle on things for years and seems to know deal.I believe that once the "SKY IS FALLING" attitude takes hold by the majority of the population is when real problems begin.Easy to say,but hope,and faith to hang in there. :idea:

[2Driver]

Here is a copy of the Dow since inception.
Two things stand out:
1. It goes up and down a lot
2. The trend over time has been up, always up.
http://***boat.com/forums/attachment.php?attachmentid=25127&stc=1&d=1172616192

[Fast Freddy]

Here is a copy of the Dow since inception.
Two things stand out:
1. It goes up and down a lot
2. The trend over time has been up, always up.
http://***boat.com/forums/attachment.php?attachmentid=25127&stc=1&d=1172616192
yes......time is on my side

[Nord]

Wow, so you plan on selling everything this afternoon?
LOL.....great reply.........
Call me Biatch!!! ;)
I'm down today as everyone else probably is. I'm into USB (US Bankcorp) and Hans (Hansen products-Monster energy drinks)
Hans was down 5.76% today :( OUCH!!!

[Back Forty]

I was out in the field today and went to the truck and checked the lap top. I about sh*t and put in sell orders. I realized it was all way to wrong and cancelled everything and am glad I did.
I'll be buying more of what I can in the next few days. Make money(positions) not lose in this case...

[local805]

Greenspan was on this weekend,predicting a recession by years end.I guess he had a handle on things for years and seems to know deal.I believe that once the "SKY IS FALLING" attitude takes hold by the majority of the population is when real problems begin.Easy to say,but hope,and faith to hang in there. :idea:
this is just the tip of the iceburg,just the beginning,people can say what they want,but bottom line is most people are in way over there heads and basically the cost of housing would make sense if the minnimum wage was about 100k a year but thats not the case,alot of changes headed our way,just my o2.:idea:

[xs ultra]

Tomarrows the day to buy.
Make the best of the market.

[CA Stu]

Greenspan was on this weekend,predicting a recession by years end.I guess he had a handle on things for years and seems to know deal.I believe that once the "SKY IS FALLING" attitude takes hold by the majority of the population is when real problems begin.Easy to say,but hope,and faith to hang in there. :idea:
He is partially to blame for this drop due to his reckless comments.
He is on the speech tour now, needs to garner interest in his appearances, but unfortunately his off the cuff remarks still can have trillion dollar consequences.
Thanks
CA Stu

[dirty old man]

Well, since I started this yesterday, I should close up with this: as you all saw, the last hour pulled up a bit. My losses between Dow and NASDAC and mutual funds came to about $85K or about 2.6%. However, as can be imagined I've been in the market a while, had a great second half of '96 and early '97, so I've stopped my whineeing. I've recoved a bit this AM. Therefore, the Top Gun won't be for sale (yet). See you at Mead