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OT: looks like tough times ahead for Stock Market?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 06 2008 at 7:28am
Equities sank at the open...
.................................................

They seem to sink on Monday mornings.


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waterboy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote waterboy Quote  Post ReplyReply Direct Link To This Post Posted: October 06 2008 at 9:54am
Things dont look good for the rest of the week either.It will take 4-5 more months to widdle out this credit mess. BEWARE....
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 06 2008 at 9:55am



CITIGROUP
Last Trade: 16.59



citigroup
...  symbol C    don't get worried ...it's not at 9...

after all the market slumped down 700 points or so and then came back...so 500 is not odd.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 06 2008 at 10:06am

How many Black Mondays have we

 bounced back from?    



Black Monday, 19 October 1987 - the second largest one-day decline in recorded stock market history.

Black Monday, January 21, 2008 -one of the biggest worldwide stock market crash since September 11, 2001. [1] FTSE 100 had its biggest ever one-day points fall [2], European stocks closed with their worst result since September 11, 2001 [3], and Asian stocks dropped as much as 15% [4].

Black Monday, September 15, 2008 - a day in the Liquidity crisis of September 2008, a worldwide stock market crash due to Lehman Brothers filed Chapter 11 bankruptcy and major investment bank Merrill Lynch was sold to Bank of America. Dow Jones Industrial Average lost more than 500 points, which is the biggest point drop since September 2001[5]. FTSE 100 dropped 212 points, and it was the biggest one-day percentage drop since January 21, 2008 [6]. Hong Kong, Japan and Korea stock market suspended that day due to public holiday, and they fell over 5% on the following day (September 16).[7]

Black Monday (September 2008) September 29, 2008 - The United States House of Representatives rejected a $700 billion bail out plan, leading to a 777.68 point drop on the Dow Jones Industrial Average.

wikipedia




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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 6:40am


Jim says-

Banks need to lend money...

too much money chasing too few goods.

Cramer: Cut Rates

Jim Cramer says we need inflation and we need to cut rates.

http://www.thestreet.com/video/index.html#1841457173


.......................

I don't watch mad money :)




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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 6:57am

2001.... crash...NASDAQ 5000 to about 14000.....
we survived.  some who hung on...too long, had a harder time.

Tough times?   true, but ... many people who sold high are in a cash position now....like 20% for conservative types.  They are looking forward to the market going lower. 

Then they will buy back many more shares than they sold.  $$$







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Post Options Post Options   Thanks (0) Thanks(0)   Quote GreenTeam Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 10:17am
What are you guys doing with your savings? How are you handling the down market?
 
We finally decided to take money out of our mutual funds in our retirement savings and put it into the plan's money market fund. We already had some in bonds and we left it there.
 
We have a friend who got out of the market last October. How did he know to do that? I now wish we had gotten out sooner. We are down about 20%.
 
I've always been optimistic about the market, and that's why I was reluctant to move money out of the market sooner. We have about 20 years to retirement. But I have a feeling, and have been reading, that this is not your typical downturn. 
 
But now I feel unsure about selling when the market has been tanking. They always say buy low, sell high. Well, we were too optimistic to sell high. We've basically just sold low due to panic. But the market may go lower yet, and if so we'll be glad we got out.
 
Thoughts? 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GreenTeam Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 10:18am
Just wanted to add that we are still "buying" with our retirement plan contributions.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 1:58pm
We finally decided to take money out of our mutual funds in our retirement savings and put it into the plan's money market fund.
............................................................................................

I am 20% "cash" in a US treasury MMMF, money market money fund.  The rest is stock in  something people have to have every day... 
P&G etc...says Cramer...he made a bundle. hedge fund, and got out.  Best is to start young and put in old solid companies...talking late 1800's...turn of the century... If a good stock gets low people will buy it back.
Such a game it is.  Best to leave it I imagine if a person has 10 or more yrs to retire.
Would not want to give much thoughts to people who need to retire right now.  Some think worst scenario is 3- 5 yrs to be good again.  Who knows?


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 2:01pm
you are right, I never sold low...rode it out and it soared back up after 5 yrs.  Can't say that for all stocks though.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GreenTeam Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 2:20pm
After seeing today's carnage, I'm feeling better about selling yesterday!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 2:29pm
What people don't realize is the point spread during just one day...some stocks rose to near 80 before lunch and then sold 5 points lower at the end of the day.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 2:41pm
Well all I can say is don't believe anything you read and only half what you see.  Yesterday, you saw a miracle at the end of the day with the stock market shooting back up, now read this article and you'll learn more of what you didn't see.

http://www.nypost.com/seven/10072008/business/the_75_minute_market_rescue_132403.htm
r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 4:12pm
well... you would be amazed at what they do with huge blocks of stock....they have unspoken rules of up and down.  Institutions own giant blocks of stocks and ...Banks own themEvil%20Smile
called gettin capital.... I'm sure they have a cooler name.Cool
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 4:36pm
whole lotta swappin going on...


Equity options are the most common type of equity derivative.[1] They provide the right, but not the obligation to trade a quantity of stock at a set price at a future time.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 4:40pm
this will give you and idea of the very close relationship between men in government and men in banking...if you can tell them apart you are better than I am :)
.............................................................

In the current system, private banks are for-profit businesses but government regulation places restrictions on what they can do. The Federal Reserve System is the part of government that regulates the private banks. The balance between privatization and government involvement is also seen in the structure of the system.

Private banks elect members of the board of directors at their regional Federal Reserve Bank while the members of the Board of Governors are selected by the President of the United States and confirmed by the Senate.

The private banks give input to the government officials about their economic situation and these government officials use this input in Federal Reserve policy decisions.

In the end, private banking businesses are able to freely run a profitable business while the U.S. government, through the Federal Reserve System, oversees and regulates the activities of the private banks.

wikipedia




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Post Options Post Options   Thanks (0) Thanks(0)   Quote waterboy Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 5:27pm
BUY GOVERNMENT BONDS OR ANNUITIES ONLY WITH INSURANCE COMPANIES WITH BIG RESERVES. ALLIANZ HAS THOSE RESERVES....
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 6:20pm
hi... could we all agree that perhaps our lettering should be smaller than one half inch?  :)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 7:24pm
Symbol
Last Trade
16:04 07 Oct
NYSE
Only Close
07 Oct 08
ChangeVolume
AZ$ 11.4011.40-0.35 (-2.98%)983,595
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Post Options Post Options   Thanks (0) Thanks(0)   Quote waterboy Quote  Post ReplyReply Direct Link To This Post Posted: October 07 2008 at 7:32pm
OK SMALLER THAN A HALF INCH IS OK.SIZE OF POSTS ARNT GOING TO MATTER BY FRIDAY?
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