Ah, the conservative intelligentsia at work...
Yeah anyone in touch with reality knows that jews don't wear boots. More like sandals with socks to our neck.
what a bounce!
A THOUSAND point range today??!?
You know it's bad when the photo for the news story is :facepalm:
Dow UP almost a thousand points today!!
This is so f**king funny... 
Well obviously we can all thank Sarah Palin for this. Her skillful leadership has saved the day
It's an illicit moose market.
up & down & up and down today?
maybe, but looks more down than up after the opening bell. i'll be happy with some level trading for awhile, a couple of deep breaths while people analyze what everything's worth, and go from there. the panicked selling, and then panicked buying aren't doing anybody but daytraders any good.
That was a pretty quick depression.
how about a Finance & Investing Forum (dante, $tinkle & The Joker would be good mods for it)..
Just don't go on a monkey killing spree and stuff.
<edit> Don't these "smart people" know that most insurance policies don't pay out on suicides? WTF?
<edit> Don't these "smart people" know that most insurance policies don't pay out on suicides? WTF?
Nobody has ANY idea what anything is worth. Who knows what will get bailed out and what won't?
you still thinking DOW 6k? I wouldn't be surprised if we retested Friday's lows, but probably not for awhile...
Will this at least unfreeze the credit markets and get everyone looking back to actual valuations and balance sheets? They're bad enough without people running around claiming the sky is falling and that Libor rates are going to hit 20%.
That was an awesome ride. Can we do it again tomorrow?
even better, you have 40min to keep it going right now...
BUY! BUY! BUY!!
sweet, the 3 days till we hit number that will give me some time to sell my body for some spare cash......
Put me down as one of the sheep that aint buying a whole lot any time soon. 
Chicken.Put me down as one of the sheep that aint buying a whole lot any time soon.
That's like 270 bucks...you can go 9 times in one day right???
Sure, I just wish my wife could afford me more often.
Silly question. I am in at 9ish already.
Do I sell now and get back in at 7500ish or do I just wait?
Do I sell now and get back in at 7500ish or do I just wait?
I won't give advice without knowing your full situation, but at this point, hedging is never a bad idea. You can hedge using S&P Short indices, but know that if the market goes up, their value goes down.
Your best bet at this point is to slowly use dry powder and buy on the way down. There are no gurantees that you will catch the bottom, or that you won't be catching a falling knife, but you will be bringing your average cost down as you buy.
As I mentioned earlier, I am increasing my 401k contributions specifically to catch this downward trend. I am not retiring for 30 years, so I am building up my share count at hopefully lower and lower prices.
Your best bet at this point is to slowly use dry powder and buy on the way down. There are no gurantees that you will catch the bottom, or that you won't be catching a falling knife, but you will be bringing your average cost down as you buy.
As I mentioned earlier, I am increasing my 401k contributions specifically to catch this downward trend. I am not retiring for 30 years, so I am building up my share count at hopefully lower and lower prices.
Do what Colbert did last night:
Liquidate EVERYTHING and use all that dough to buy a $.99 KFC Snacker
http://www.colbertnation.com/the-colbert-report-videos/188584/october-16-2008/kfc-snacker
Liquidate EVERYTHING and use all that dough to buy a $.99 KFC Snacker
http://www.colbertnation.com/the-colbert-report-videos/188584/october-16-2008/kfc-snacker
