Conquer Club

The DJIA has dropped from September 2007s high of 14000+ to the mid 6000s!!!!

THATS A DROP OF NEARLY 53%!!!!!!

Unemployment is at 8.1%, National debt is at an extreme $11Trillion

Unlike CC this drop in points will take years to recover and maybe even decades! Will the DJ drop below 6000? Six months ago anylists said the recession was over...they were wrong. Three months ago they said it was over...they were wrong. As the second TRILLION DOLLAR recovery / bailout package strolls through Congress and into the CEO's hands will the economy start to recover? Or... will it drop as it did so many times after feeble recovery attemps to 6250 or 6000 or 5750? Will it be the second great World Depression and continue to drop until we are all forced to give up our CC memberships and become freemiums? Or even a billion times worse than that, will electricity be too expensive for us so we must cease our computer operations and good old days on CC?

How long will this drought continue? If you think about it this is real people, we will not be feeling the affects of the market NOW until 3 months down the road, so just wait. In three months from now it'll be worse, a lot worse.

This is time to stand up and work!This is time to buy the generic cereal and save!This is time to teach the Canadians and English that the word 'color' is spelled without a u so great companies like Crayola don't have to spend extra money making two sets of boxes of crayons one that says 'colors' and the other that says 'colours' and instead they can use that money to hire more employees!!!

THIS...MY FELLOW CCers IS TIME TO GET THIS ECONOMY BACK ON TRACK AND OFF THE DEADBEATING PATH!!!!!!!!!

Lets move this baby on 6th gear in 4 wheel drive with chained tires straight up the mountaintop to glory!!!

Hmm my guess is the stimulation package won't help. From some research I've done there will be so much money in circulation that prices will greatly inflate. So overall my answer is no. The stimulus package will not help.

Shouldn't this be in Tower of Babble?

no it shouldn't!!!! nobody goes into the tower of babble, GD is where the real work gets done and the economy is a very important topic

sailorseal wrote:Shouldn't this be in Tower of Babble?

Wow, that's quite a confused rant.

It may sound a bit political but I agree with JC in that the stimulus won't be as effective as planned. Congressmen simply don't have the engine room to put a package together that will actually jumpstart the economy. Even if they did they have so many self-satisfying interests that it may never come to pass. We really need to flush out a lot of garbage and get back on track before we can move forward.

As for the market, its really hard to tell. My guess is that we don't go too much more in any direction, but have a lot of movement in a range around 7000-9000 for at least this year.

I'm in finance and consider myself well informed on the issues so take it for what you want.

THE ARMY wrote:no it shouldn't!!!!

Yes it should.

The stimulus package will probably not do much. It has too many tax cuts, not enough infrastructure funding and money to state governments. I blame Republicans for their obstructionism, and I blame Democrats for their weak attempt at bipartisanship, compromising before negotiations even began.

SENOJ WOD!!!!

THE ARMY wrote:no it shouldn't!!!! nobody goes into the tower of babble, GD is where the real work gets done and the economy is a very important topic

Just for that I'm going to be sloven and wasteful.

All I know is that what meager retirement I had has gone down 40%, so far....soon may be the time to take a "risk" with blue-chips!

I love how quickly this thread changes.

People should come to the Tower more frequently.

I think the Army has been dipping into his stimulus package too much. Stay away from that meth!

haha, CC does get a little stressfull, maybe i will take some money out to go to the massage parlor.

mpjh wrote:I think the Army has been dipping into his stimulus package too much. Stay away from that meth!

Oh there's a great deal more pain to come before this all levels out.

I was tempted when the FTSE dropped to 4,500 but held. Then I was tempted at 4,000 but held again. I will be tempted even more when the FTSE goes to 3,500...I might just be tempted to start buying then....but it depends on what happens over the next few months. It is almost certain I shall start going in hard if it drops to 3,000.

I have kept my powder dry on Wall Street stocks ever since liquidating everything early last year. I will be sorely tempted when it drops to 6,000.

No worries, one big war will solve everything just wait ...

I almost went in yesterday as my benchmark 3,500 points came very close....

I did jump into a mining stock 'Kazakhmys PLC', their results are out on Thursday. I am sitting here wondering whether to dump and exit so pocketing the quick overnight 10% gain....or will I get greedy....hmmmmm

For the record, the price at time of this edit is 264.50 pence per (2.05pm uk)

On the "retirement" discussion....it is RETIREMENT....unless you are 60 or so, ignore it.

If you are playing the market with your savings, then it is my humble opinion that you have enough financial wherewithal to afford the losses. If you dont, than WTF are you risking it for?

Aside from retirement funds, I messed around minorly in the market 15 years ago or so...lost horrendously on a few and gained back in others - netted a break even and a lot of stress. Since then any EXTRA purchasing power I have has gone into real estate.

The market will come back....have faith....be patient.......

Fruitcake wrote:I almost went in yesterday as my benchmark 3,500 points came very close....

I did jump into a mining stock 'Kazakhmys PLC', their results are out on Thursday. I am sitting here wondering whether to dump and exit so pocketing the quick overnight 10% gain....or will I get greedy....hmmmmm

For the record, the price at time of this edit is 264.50 pence per (2.05pm uk)

An hour later and the rise has continued....now standing at 276 pence per......am starting to get very tempted to exit. I'm 43p a share up on the overnight buy price....

Fruitcake wrote:

Fruitcake wrote:I almost went in yesterday as my benchmark 3,500 points came very close....

I did jump into a mining stock 'Kazakhmys PLC', their results are out on Thursday. I am sitting here wondering whether to dump and exit so pocketing the quick overnight 10% gain....or will I get greedy....hmmmmm

For the record, the price at time of this edit is 264.50 pence per (2.05pm uk)

An hour later and the rise has continued....now standing at 276 pence per......am starting to get very tempted to exit. I'm 43p a share up on the overnight buy price....

ok, that's a wrap...offloaded at 277.5, a good days work.

I can't wait to ride the train from the lowest low of the market back to 14,000 over the next 30 years....i'll be a millionaire with just a tiny investment...

It's going to drop below 1000 yet.

MeDeFe wrote:It's going to drop below 1000 yet.

Which market?

Fruitcake wrote:

MeDeFe wrote:It's going to drop below 1000 yet.

Which market?

The one in the thread title.

I better buy more ammo....now THATS a safe investment ;o)

MeDeFe wrote:

Fruitcake wrote:

MeDeFe wrote:It's going to drop below 1000 yet.

Which market?

The one in the thread title.

I don't see the Dow dropping to lower than a thousand points. I don't see it dropping to near that number.