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ZippoZ
Knomadic



Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
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markets are just freefalling, when the markets open tomorrow, people are going to get hit hard
#7909392 - 01/21/08 12:16 PM (16 years, 11 days ago) |
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ive been watching the european and asian markets today ML king day, a holiday for us, and its bad. losses across the board that havent been felt since the days after sept 11th.
somthing tells me that when the american markets open tomorrow, people are going to get hit, and hit hard.
-------------------- PEACE
zippoz "in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption" "People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."
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DieCommie


Registered: 12/11/03
Posts: 29,258
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: ZippoZ]
#7909406 - 01/21/08 12:19 PM (16 years, 11 days ago) |
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Time to buy after that then eh?
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GnosticWarrior
Hermit


Registered: 03/11/07
Posts: 241
Loc: Oahu, Hawaii
Last seen: 14 years, 8 months
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: DieCommie]
#7909651 - 01/21/08 01:33 PM (16 years, 11 days ago) |
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Just finished reading Jim Rogers "A Bull In China" It was an easy read and great perspective on investing in China. I agree that China will be the next super power. They save, are hard working, eager to learn, and will be the center of future growth. China is just getting started although their market and economy has been on a tear, in the long run it could be just like if you invested in America in the early 1900's. Hopeful any market declines provide some great buying opportunities.
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Baeosistine
ڜڭۑۄڴڡڟژۻۼئٹ



Registered: 12/23/07
Posts: 902
Loc: England
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: ZippoZ]
#7914171 - 01/22/08 10:58 AM (16 years, 10 days ago) |
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It wasn't so bad. The main reason Europe fell so much yesterday was because, when Wall Street was closed for a day, they were pricing in a worst case scenario for US markets falling. Since they didn't fall quite so much the FTSE is up 3% today.
-------------------- jesus
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The_Red_Crayon
Exposer of Truth


Registered: 08/13/03
Posts: 13,673
Loc: Smokey Mtns. TN
Last seen: 6 years, 8 months
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: ZippoZ]
#7914177 - 01/22/08 10:59 AM (16 years, 10 days ago) |
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Its been a massacre today, feds are doing a emergency rate cut, the dow bottomed out today but pulled back up a bit, still real terrible.
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Icelander
The Minstrel in the Gallery



Registered: 03/15/05
Posts: 95,368
Loc: underbelly
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: The_Red_Crayon]
#7914201 - 01/22/08 11:04 AM (16 years, 10 days ago) |
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Nothing to worry over IMO, just relax and ride out all the emotional turmoil. It will all right itself in due time.
-------------------- "Don't believe everything you think". -Anom. " All that lives was born to die"-Anom. With much wisdom comes much sorrow, The more knowledge, the more grief. Ecclesiastes circa 350 BC
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: Icelander]
#7914266 - 01/22/08 11:20 AM (16 years, 10 days ago) |
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i don't know. A 75basis point emergancy rate cut with a schedualled meeting on the 29th seems like it might be a rough year or at least 6 months.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Icelander
The Minstrel in the Gallery



Registered: 03/15/05
Posts: 95,368
Loc: underbelly
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: Ahab McBathsalts]
#7914582 - 01/22/08 12:55 PM (16 years, 10 days ago) |
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6 months or a year is a short time. Look at things in the long run and you can relax.
-------------------- "Don't believe everything you think". -Anom. " All that lives was born to die"-Anom. With much wisdom comes much sorrow, The more knowledge, the more grief. Ecclesiastes circa 350 BC
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Veritas

Registered: 04/15/05
Posts: 11,089
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: DieCommie]
#7914617 - 01/22/08 01:02 PM (16 years, 10 days ago) |
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Quote:
DieCommie said: Time to buy after that then eh?
Exactly! The market will inevitably rebound, and those with the common sense and patience to see it through will profit BIG TIME by investing now. The key is not to invest money you actually need--stock investing is for 10 years in the future. The short-termers may occasionally win big, but they lose a lot more often.
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Icelander
The Minstrel in the Gallery



Registered: 03/15/05
Posts: 95,368
Loc: underbelly
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: Veritas]
#7914893 - 01/22/08 02:28 PM (16 years, 10 days ago) |
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I plan on being a multi-bazillionare.
-------------------- "Don't believe everything you think". -Anom. " All that lives was born to die"-Anom. With much wisdom comes much sorrow, The more knowledge, the more grief. Ecclesiastes circa 350 BC
Edited by Icelander (01/22/08 02:28 PM)
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Veritas

Registered: 04/15/05
Posts: 11,089
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: Icelander]
#7914958 - 01/22/08 02:36 PM (16 years, 10 days ago) |
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I would be quite shocked to see you invest in the stock market.
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special_k
Ketamine is myLSD

Registered: 08/04/06
Posts: 242
Loc: TX
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: Veritas]
#7915047 - 01/22/08 02:57 PM (16 years, 10 days ago) |
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I'm hedging my bets by shorting a few mortgage related companies and going long a few beaten energy companies.
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YidakiMan
Stranger


Registered: 09/28/02
Posts: 2,023
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Re: markets are just freefalling, when the markets open tomorrow, people are going to get hit hard [Re: special_k]
#7915485 - 01/22/08 04:28 PM (16 years, 10 days ago) |
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My dad's a broker and I spoke to him today. Most of his investors that are panicking are either foreign or expats.
But he really believes that the US markets dodged a bullet yesterday. If the US markets were open yesterday, it would have been bad.
obviously as a broker he is trained to think long term. As in like retirement funds long term. We're not even talking five years here, we're talking 30.
But what really surprised me is that he gave some credence to the fear that we could be heading towards a situation like Japan in the 1990s.
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