Stock Market

[JeffDFD]

WTF? Quit it. Haha.







In b4 "I <3 making threads"

[newarenanow]

Wow. Down 200 right now. Hopefully it rebounds like it did yesterday.

[shafnutz05]

The double dip that a lot of us predicted has begun

[thehockeyguru]

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

[Guinness]

Europe is in the process of imploding.

QE3 in 3... 2... 1...

[JeffDFD]

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!

[Guinness]

Not sure how much help a QE3 would even do!

Depends upon who you are, not to mention your definition of "help".

[newarenanow]

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!

[viva la ben]

Not worried since I converted all my savings leprechaun style

[columbia]

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.

[KennyTheKangaroo]

somewhere, expatriatepen is having a heart attack

[columbia]

somewhere, expatriatepen is having a heart attack

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

[newarenanow]

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.

[doublem]

Not worried since I converted all my savings leprechaun style

You rang?

[columbia]

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

[viva la ben]

Lol, I only have a couple gold coins. I would make a very poor leprechaun.

[KennyTheKangaroo]

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.

[columbia]

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.

[thehockeyguru]

Oil Prices need to start dropping like a rock too.

[newarenanow]

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.

[Guinness]

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

"Bring me my brown pants."

[newarenanow]

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?

[Guinness]

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.

[Sam's Drunk Dog]

Time to panning for gold.

[AlexPKeaton]

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