Stock Market

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Stock Market

Postby JeffDFD on Thu Aug 04, 2011 10:30 am

WTF? Quit it. Haha.







In b4 "I <3 making threads"
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Re: Stock Market

Postby newarenanow on Thu Aug 04, 2011 10:32 am

Wow. Down 200 right now. Hopefully it rebounds like it did yesterday.
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Re: Stock Market

Postby shafnutz05 on Thu Aug 04, 2011 10:34 am

The double dip that a lot of us predicted has begun
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Re: Stock Market

Postby thehockeyguru on Thu Aug 04, 2011 10:35 am

If the stock market is too much for you to stomach you can always buy US Treasuries I hear those are safe.
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Re: Stock Market

Postby Guinness on Thu Aug 04, 2011 10:36 am

Europe is in the process of imploding.

QE3 in 3... 2... 1...
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Re: Stock Market

Postby JeffDFD on Thu Aug 04, 2011 10:39 am

thehockeyguru wrote:If the stock market is too much for you to stomach you can always buy US Treasuries I hear those are safe.


Ha...I'm not worried because I am invested for the long term, but seeing the market drop in chunks each day for the last couple weeks is certainly not fun.

Especially because our government is broke and can't spend their way out of any recession.

Not sure how much help a QE3 would even do!
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Re: Stock Market

Postby Guinness on Thu Aug 04, 2011 10:44 am

JeffDFD wrote:Not sure how much help a QE3 would even do!


Depends upon who you are, not to mention your definition of "help". ;)
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Re: Stock Market

Postby newarenanow on Thu Aug 04, 2011 10:44 am

Not worried about my investments right now, since I have about another 25-30 years until retirement. I'm more worried about people like my dad, although now that they will be retiring in the next year, they have moved their money into much safer investments.

I'm actually more worried about another recession and keeping my job!
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Re: Stock Market

Postby viva la ben on Thu Aug 04, 2011 10:46 am

Not worried since I converted all my savings leprechaun style
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Re: Stock Market

Postby columbia on Thu Aug 04, 2011 10:48 am

newarenanow wrote:Not worried about my investments right now, since I have about another 25-30 years until retirement. I'm more worried about people like my dad, although now that they will be retiring in the next year, they have moved their money into much safer investments.


The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.
Yikes.
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Re: Stock Market

Postby KennyTheKangaroo on Thu Aug 04, 2011 10:48 am

somewhere, expatriatepen is having a heart attack
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Re: Stock Market

Postby columbia on Thu Aug 04, 2011 10:49 am

KennyTheKangaroo wrote:somewhere, expatriatepen is having a heart attack


I dont blame him, considering what he has talked about in terms of his income.
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Re: Stock Market

Postby newarenanow on Thu Aug 04, 2011 10:54 am

columbia wrote:
newarenanow wrote:Not worried about my investments right now, since I have about another 25-30 years until retirement. I'm more worried about people like my dad, although now that they will be retiring in the next year, they have moved their money into much safer investments.


The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.
Yikes.


Yeah, people who are closer to retirement, especially if they don't pay attention to their money, this is a big deal.

People like us, we will probably go through this another 3 or 4 times. It will rebound.

Like I said, I'm just worried the economy slips into another recession. The company I work for weathered the last one pretty well, but a lot of people "volunteered" for early retirement and there were layoffs at the plant level. We were ok at the corporate level. But who knows what another one will bring.
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Re: Stock Market

Postby doublem on Thu Aug 04, 2011 10:55 am

viva la ben wrote:Not worried since I converted all my savings leprechaun style


Image

You rang?
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Re: Stock Market

Postby columbia on Thu Aug 04, 2011 10:56 am

Yeah...I don't worry about the market in relation to me.
But for the older folks, it's a real concern.
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Re: Stock Market

Postby viva la ben on Thu Aug 04, 2011 10:58 am

Lol, I only have a couple gold coins. I would make a very poor leprechaun.
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Re: Stock Market

Postby KennyTheKangaroo on Thu Aug 04, 2011 11:01 am

columbia wrote:The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.
Yikes.



The question is, did they hang on and recoup any of that big loss between March 2009 to the current?

On of kenny the kagnaroo's clients sold about $350,000 worth of stocks at a 36% loss on March 9, 2009, which was within a week or two of the markets low point. that really was gutwrenching because the market rebounded a pretty fair amount by the end of 2010.
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Re: Stock Market

Postby columbia on Thu Aug 04, 2011 11:03 am

KennyTheKangaroo wrote:
columbia wrote:The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.
Yikes.



The question is, did they hang on and recoup any of that big loss between March 2009 to the current?

On of kenny the kagnaroo's clients sold about $350,000 worth of stocks at a 36% loss on March 9, 2009, which was within a week or two of the markets low point. that really was gutwrenching because the market rebounded a pretty fair amount by the end of 2010.


Yes and no.
They gambled wrong in relation to the bond market.
(Too complicated to want to explain here.)

I worry about their future and this from a guy who assumes he will have to work until he is at least 70.
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Re: Stock Market

Postby thehockeyguru on Thu Aug 04, 2011 11:08 am

Oil Prices need to start dropping like a rock too.
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Re: Stock Market

Postby newarenanow on Thu Aug 04, 2011 11:13 am

KennyTheKangaroo wrote:
columbia wrote:The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.
Yikes.



The question is, did they hang on and recoup any of that big loss between March 2009 to the current?

On of kenny the kagnaroo's clients sold about $350,000 worth of stocks at a 36% loss on March 9, 2009, which was within a week or two of the markets low point. that really was gutwrenching because the market rebounded a pretty fair amount by the end of 2010.


My parents (dad) played the game right, and while not getting 100% back, I'd say he recovered about 90-95% of what he lost. Now that they are less than a year away from retirement, earlier this year, he pulled a lot of the money out and put it into much safer investments, basing it on the fact that if the market took another dump, they wouldn't have 3-5 years to let it recover.

It worked out.
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Re: Stock Market

Postby Guinness on Thu Aug 04, 2011 11:18 am

The Dow off 260 and gold one good day away from $1700?

"Bring me my brown pants."
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Re: Stock Market

Postby newarenanow on Thu Aug 04, 2011 11:21 am

Guinness wrote:The Dow off 260 and gold one good day away from $1700?

"Bring me my brown pants."


Is it a good poop or bad poop?
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Re: Stock Market

Postby Guinness on Thu Aug 04, 2011 11:27 am

newarenanow wrote:
Guinness wrote:The Dow off 260 and gold one good day away from $1700?

"Bring me my brown pants."


Is it a good poop or bad poop?


Guessing bad, but probably just irritable bowel syndrome.
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Re: Stock Market

Postby Sam's Drunk Dog on Thu Aug 04, 2011 11:28 am

Time to panning for gold.
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Re: Stock Market

Postby AlexPKeaton on Thu Aug 04, 2011 11:38 am

All we need is zombies and we can get this apocalypse party started!
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