Wednesday, December 23, 2009, 5:59PM ET - U.S. Markets Closed.
With financial markets in distress and the Dow tumbling below 10,000 for the first time in four years it's tempting to put your head in the sand -- or all your money under a mattress.
Rather than refusing to look at your statement, use this moment of fear and loathing of all things financial to your advantage:
Such advice may seem obvious to more sophisticated market players -- many of whom were anxious to "buy the dip" this morning, at least before the open. But with emotions running high, it's worth remembering what long-term investing is really all about.
SEC!!! Stop this bleeding!!! Suspend stock trading for a week, so that we can sort this mess!!! This is no good!!! The bail-out of $700B was supposed to revive the economy, not to hasten the decline!!!! If this is the case, stop the Bail-out!!! Looks to me that some outside entity is controlling the markets for their benefit!!! If we are using $700B for bailing out these firms, WHERE did the money go in the 1st instance.. In order for the market to loose this kind of Money, somebody ought to have made money.. WHO???
Lot a good a TAX PAYER BAIL OUT is going to be when TAX REVENUES slide .... Who will bail out the TAX PAYER????
This is a call for disclosure of postions and investments held by government officials such as Bernake, Paulson etc. What have they done with their personal holdings?
buy what you use, proctor and gamble, general mills maybe a contract pharmacutical company...ie asprin
Gentlemen - This is an honest question, not a flame or ideological rant. How can you feel that people should stay in the market now? Consider that your comments could have been made in Jan 1930, and the US equity market did not recover on a nominal basis until 1954. It is also arguable that the US market is still under water in real money terms, after inflation. The Nikkei 225 is down roughly 70%, in nominal terms, from its 1989 high. A Japanese salary-man can expect to be dead before his retirement fund comes back. We can hope that our markets and economy recover quickly, but hope doesn't fill the rice bowl. Thank you.
Fire Sale! I'm buying. Be a Buffet. Take advantage. Now's the time to buy.
fear makes a coward out of all of us. fear = opportunities at some point
I am too tempted to short gold and buy stock, but I don't have the balls. This really does feel like a bad trip to vegas, without the wedding vows! Jim
For Value Investors this is a once is a lifetime opportunity! I am happy to be alive today! MM
World History 101 For those of you who slept through World History 101 here is a condensed version. Humans originally existed as members of small bands of nomadic hunters/gatherers They lived on deer in the mountains during the summer and would go to the coast and live on fish and lobster in the winter. The two most important events in all of history were: 1. The invention of beer, and 2.The invention of the wheel. The wheel was invented to get man to the beer, and the beer to the man. These facts formed the foundation of modern civilization and together were the catalyst for the splitting of humanity into two distinct subgroups: 1. Liberals 2. Conservatives. Once beer was discovered, it required grain and that was the beginning of agriculture. Neither the glass bottle nor aluminum can were invented yet, so while our early humans were sitting around waiting for them to be invented, they just stayed close to the brewery. That's how villages were formed. Some men spent their days tracking and killing animals to BBQ at night while they were drinking beer. This was the beginning of what is known as the Conservative movement. Other men who were weaker and less skilled at hunting learned to live off the conservatives by showing up for the nightly BBQ's and doing the sewing, fetching, and hair dressing. This was the beginning of the Liberal movement. Some of these liberal men eventually evolved into women. The rest became known as girlie-men. Some noteworthy liberal achievements include the domestication of cats, the invention of group therapy and group hugs, the evolution of the Hollywood actor, and the concept of Democratic voting to decide how to divide all the meat and beer that conservatives provided. Over the years, Conservatives came to be symbolized by the largest, most powerful land animal on earth, the elephant. Liberals are symbolized by the jackass. Modern liberals like imported beer (with lime added), but most prefer white wine or imported bottled water. They eat raw fish but like their beef well done. Sushi, tofu, and French food are standard liberal fare. Another interesting evolutionary side note: most liberal women have higher testosterone levels than their men. Most social workers, personal injury attorneys, journalists, dreamers in Hollywood and group therapists are liberals. Conservatives drink domestic beer. They eat red meat and still provide for their women. Conservatives are big-game hunters, rodeo cowboys, firemen, lumberjacks, construction workers, medical doctors, police officers, corporate executives, athletes, Marines, and generally anyone who works productively. Conservatives who own companies hire other conservatives who want to work for a living. Liberals produce little or nothing. They like to govern the producers and decide what to do with the production. Liberals believe Europeans are more enlightened than Americans. That is why most of the liberals remained in Europe when conservatives were coming to America . They crept in after the Wild West was tamed and created a business of trying to get more for nothing. Here ends today's lesson in world history. It should be noted that a liberal may have a momentary urge to angrily respond to the above before forwarding it. A conservative will simply laugh and be so convinced of the absolute truth of this history that it will be forwarded immediately to other true believers, and to more liberals...just to piss them off.
Can,t handle the heat get out of the kitchen.
I'm not going to buy the dip, at least not except in a very few areas like pharmaceuticals and food & beverage, until I see large volume sales disappear. I don't expect that to happen until the Dow goes down to 7,000, maybe even below that. And it could take a couple of years to hit bottom. Remember that the Dow went down by 89 percent between September 1929 and July 1932. A bull market then followed, but not surprisingly with such a huge fall, it took 22 years -- until 1954 -- for the previous peak to be reached.
I can't believe advisors still are talking about keeping your money riding. Listen, how many years will it take to recoup what you’ve lost in the past 9 months????? For safety, look at buying some SHORT etf’s. They rise and fall but if the trend is down in the market these go up. Caution you don’t hang onto these for a long time. You’re in and out, in and out. Build up your gains until you’re comfortable. Then when the dust settles, you have some money to invest in those more depressed stocks.
It would be interesting to know the personal financial positions and movement of all government officials involved in voting and allocating these bailout funds.
We are in for a tough ride folks... unemployment is going to rise to aleast 15% after the first of the year!!!!
George Bush and his team of humanitarians weren't satisfied with torturing alleged terroists. Now they are intent on torturing ordinary Americans! How munch time does he have left in office? It sems like he's been there forever!!
Buy Gold!!! Not Gold Shares, but actual gold that you can hold in your hand. I know it sounds a little crazy, but when the dollars goes they way of the rubel, you will be very happy. The second largest super power in the world had it happen to them 25 years ago and now it is our turn. One thought, we go to war and kill over people hurting our country. What should this country do to Bush and his lovely VP? I think it is time to think about trails for possible jailing. If your asleep at the wheel of a company you go to jail. the worst thing of all is I don't think they were asleep at the wheel.
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
fine_thymes - Monday October 06, 2008 11:47AM EDT
This is a call for disclosure of postions and investments held by government officials such as Bernake, Paulson etc. What have they done with their personal holdings?