This is me feeling sick...
- Thread starter stoney
- Start date
If you're checking on a daily basis you should not be in the market.
me sick too
Greenspan said the US is likely to go into recession. Thanks you big dummy
Yeah. 200 point loss on the DJIA is a pretty nasty hit.
I think my portfolio is down around 1.6%.
I think my portfolio is down around 1.6%.
Poor baby.
Mine went down only about .8%.
What's this news of an assassination attempt on Cheney?
college students across this great nation share your pain.
I pulled everything out of the market around the end of '06. This market is again way overextended. We have just started to feel the pinch of the housing market decline. US savings rate is actually at a negative, with personal debt and international trade gaps near record levels.
I think we have seen the highs for the year and I believe that a long-term down trend will ensue from this point into the September/October period.
I think we have seen the highs for the year and I believe that a long-term down trend will ensue from this point into the September/October period.
I was thinking the samething. Figured the bomb blast might have given him a heart attack at least.
Maybe because you are getting your "news" from CNN.
he said that yesterday, and the market didn't even blink.
this dropoff is tied to China's 9% drop yesterday. besides, who cares about a 1 day drop, even 1.6% isn't much when you think about the bigger picture (on $10k in stock, it's $100). i'd be more worried about a long-term correction in the 10-12% range...
Consumer Confidence Gains in February
By ANNE D'INNOCENZIO
The Associated Press
Tuesday, February 27, 2007; 12:52 PM
NEW YORK -- Consumer confidence rose to its highest level in five-and-a-half years amid optimism that the nation's economy is creating enough jobs, a private research group said Tuesday.
The New York-based Conference Board said that its Consumer Confidence Index rose to 112.5, up from a revised 110.2 in January. Analysts had expected the reading to be 109.
The February index was the highest since August 2001, when the reading was 114, indicating that consumers will continue to fuel the nation's economic growth in the near future.
In a statement, Lynn Franco, director of The Conference Board Consumer Research Center, said that "improving present-day business conditions and an easing in the proportion of consumers claiming jobs are hard to get have combined to lift consumers' spirits."
"All in all, it appears that the pace of economic growth exhibited in the final months of 2006 has carried over into early 2007 and may have even gained a little momentum," she added.
The Present Situation Index, which measures how shoppers feel now about economic conditions, increased to 139.0 from 133.9. The Expectations Index, which measures consumers' outlook in the next six months, edged up slightly to 94.8 from 94.4 last month.
Economists closely monitor consumer confidence because consumer spending accounts for two-thirds of all U.S. economic activity
The upbeat report from the Conference Board came amid largely sober news about the global economy, which dragged down the stock market. In late morning trading, the Dow Jones industrial average dropped 142.28, or 1.13 percent, to 12,489.98 as stock markets around the world slipped when worries rose that the U.S. and Chinese economies are cooling.
A warning from former Federal Reserve Chairman Alan Greenspan Monday that the U.S. economy may be headed for a recession also dampened investors' moods.
On Tuesday, the Commerce Department that orders for durable goods in January dropped by the largest amount in three months exacerbated worries about the U.S. economy, as did a Standard & Poor's index showing single-family home prices across the nation were unchanged in December.
The National Association of Realtors announced Tuesday that sales of existing homes rose in January by the largest amount in two years, but it also reported that median home prices declined for a sixth straight month.
"We have had a soft patch of data this month. It shows that the economy is still growing but at a below average rate," said Gary Thayer, chief economist at A.G. Edwards & Sons Inc.
Thayer said he doesn't expect consumer sentiment to drop off unless unemployment increases significantly, however.
The Conference Board's consumer confidence report _ derived from responses through February 20 _ said that consumers who believe that jobs are "hard to get" declined to a five-and-a-half year low.
By ANNE D'INNOCENZIO
The Associated Press
Tuesday, February 27, 2007; 12:52 PM
NEW YORK -- Consumer confidence rose to its highest level in five-and-a-half years amid optimism that the nation's economy is creating enough jobs, a private research group said Tuesday.
The New York-based Conference Board said that its Consumer Confidence Index rose to 112.5, up from a revised 110.2 in January. Analysts had expected the reading to be 109.
The February index was the highest since August 2001, when the reading was 114, indicating that consumers will continue to fuel the nation's economic growth in the near future.
In a statement, Lynn Franco, director of The Conference Board Consumer Research Center, said that "improving present-day business conditions and an easing in the proportion of consumers claiming jobs are hard to get have combined to lift consumers' spirits."
"All in all, it appears that the pace of economic growth exhibited in the final months of 2006 has carried over into early 2007 and may have even gained a little momentum," she added.
The Present Situation Index, which measures how shoppers feel now about economic conditions, increased to 139.0 from 133.9. The Expectations Index, which measures consumers' outlook in the next six months, edged up slightly to 94.8 from 94.4 last month.
Economists closely monitor consumer confidence because consumer spending accounts for two-thirds of all U.S. economic activity
The upbeat report from the Conference Board came amid largely sober news about the global economy, which dragged down the stock market. In late morning trading, the Dow Jones industrial average dropped 142.28, or 1.13 percent, to 12,489.98 as stock markets around the world slipped when worries rose that the U.S. and Chinese economies are cooling.
A warning from former Federal Reserve Chairman Alan Greenspan Monday that the U.S. economy may be headed for a recession also dampened investors' moods.
On Tuesday, the Commerce Department that orders for durable goods in January dropped by the largest amount in three months exacerbated worries about the U.S. economy, as did a Standard & Poor's index showing single-family home prices across the nation were unchanged in December.
The National Association of Realtors announced Tuesday that sales of existing homes rose in January by the largest amount in two years, but it also reported that median home prices declined for a sixth straight month.
"We have had a soft patch of data this month. It shows that the economy is still growing but at a below average rate," said Gary Thayer, chief economist at A.G. Edwards & Sons Inc.
Thayer said he doesn't expect consumer sentiment to drop off unless unemployment increases significantly, however.
The Conference Board's consumer confidence report _ derived from responses through February 20 _ said that consumers who believe that jobs are "hard to get" declined to a five-and-a-half year low.
you titty-babies!
it was just last week the Dow as at it's all time high...
it was just last week the Dow as at it's all time high...
lthumbsdown:
Down another 90 or so points since the thread was started.
i'm waiting for nate's next cut and paste of material formed weeks ago which will refute your statement.
Well he better hurry up because I think another twenty points went down the drain.
down 260pts from when rob posted....
when you've been in the market since 1985 crap like this doesn't phase you.
I can just imagine some smartass saying that in 1929.
We'll see...
my International fund was sitting on $23.41/share as of yesterday evening.
Be interesting to see what it is tommorrow.
my International fund was sitting on $23.41/share as of yesterday evening.
Be interesting to see what it is tommorrow.
yep, that's what i heard on NPR this morning.this dropoff is tied to China's 9% drop yesterday. besides, who cares about a 1 day drop, even 1.6% isn't much when you think about the bigger picture (on $10k in stock, it's $100). i'd be more worried about a long-term correction in the 10-12% range...
bittersweet for me: i dumped a block of HP at 43 last week (39 now), then moved it into a mid-cap hi yield yesterday.
meh, it's just money.
Why do you hate freedom?
???
i just saw -500 on msnbc
anybody care to speculate which stox will start a healthy rebound to restorative levels w/in a week or two? i was thinking SBUX & XOM (possibly get back in w/ HPQ)
Sorry -330, it was at about -170 when the thread was started.
I saw it at about -490 or so, but it has since "recovered" to -374. wonder if they're bottom feeders or if it did find a bottom today...
Probably a bit of both.
# of shares traded went from ~5m all day to ~45m at 3pm when it rebounded. GOOOO DAY TRADERS!!!!
I'm down close to 10% today alone. I've lost all my gains on the year.
Guess it's a good thing I switched over to longterm holds from trading stocks... Damn. Damn. Damn.
At least I'm getting towards my buy mark on a few stocks I wanted to get into...
Guess it's a good thing I switched over to longterm holds from trading stocks... Damn. Damn. Damn.
At least I'm getting towards my buy mark on a few stocks I wanted to get into...
Like N8 said a week ago it was at an all time high. A 10% drop doesn't even take it back to where it was a year ago which is still higher than where it was in July.
Oil will bounce big.
Oil will bounce big.
US DOLLAR DROPS
NEW YORK—At the close of trading Monday, the U.S. dollar dipped to a record low of $.60 against the counterfeit U.S. dollar, which also outpaced the dollar against the euro and the yen.
"We don't even accept regular U.S. dollars anymore," said Union, NJ 7-Eleven manager Rick Grove, echoing the sentiments of merchants nationwide. "We've gotten stung a few times taking in the real ones. I always tell my cashiers, if it feels fake to the touch, and you can't see both sides when you hold it up to the light, it's fine."
Concerned about further devalutation of standard U.S. currency, Federal Reserve Chairman Ben Bernanke has suggested that Congress outlaw counterfeit bills entirely.
NEW YORK—At the close of trading Monday, the U.S. dollar dipped to a record low of $.60 against the counterfeit U.S. dollar, which also outpaced the dollar against the euro and the yen.
"We don't even accept regular U.S. dollars anymore," said Union, NJ 7-Eleven manager Rick Grove, echoing the sentiments of merchants nationwide. "We've gotten stung a few times taking in the real ones. I always tell my cashiers, if it feels fake to the touch, and you can't see both sides when you hold it up to the light, it's fine."
Concerned about further devalutation of standard U.S. currency, Federal Reserve Chairman Ben Bernanke has suggested that Congress outlaw counterfeit bills entirely.
The Onion r0x0rs.