Casper Posted November 21, 2011 Report Share Posted November 21, 2011 DJI Quote Link to comment Share on other sites More sharing options...
Jsin Posted November 22, 2011 Report Share Posted November 22, 2011 I hope your not expecting it to improve anytime for the rest of the year.I've lost 42% of my 401k value since January! I just wish it could go back up enough that I could break even and move it to 'safer' bets. Quote Link to comment Share on other sites More sharing options...
magley64 Posted November 22, 2011 Report Share Posted November 22, 2011 << isn't getting boned as much as everyone else...I have nothing invested in the stock market, or anywhere else for that matter. Got a tiny savings account... Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted November 22, 2011 Report Share Posted November 22, 2011 Mo' money Mo' problems Quote Link to comment Share on other sites More sharing options...
magley64 Posted November 22, 2011 Report Share Posted November 22, 2011 << wishes he had those kinds of problems..."Oh bother, my retirement appears to be in peril, now I will only be able to afford one trip to the Bahamas per month instead of two..." Quote Link to comment Share on other sites More sharing options...
jbot Posted November 22, 2011 Report Share Posted November 22, 2011 mortgage backed securities are where it's at. so hawt right nao. Quote Link to comment Share on other sites More sharing options...
shittygsxr Posted November 22, 2011 Report Share Posted November 22, 2011 Im buying more, cant wait for my 40's so I can retire and live the good life. Quote Link to comment Share on other sites More sharing options...
Bubba Posted November 22, 2011 Report Share Posted November 22, 2011 Just talked to my financial advisor. He said if I didn't sell, I didn't lose. Hmmmm, I wonder if he knows what he's talking about....Of course, the contrarian view is that you should buy when there's "blood in the street" so it must be time to pony up another half mil for some more GE! Just like Harry's Carpet: I might lose money on EVERY transaction, but my plan is to make it up in VOLUME. Quote Link to comment Share on other sites More sharing options...
chevysoldier Posted November 22, 2011 Report Share Posted November 22, 2011 (edited) Just talked to my financial advisor. He said if I didn't sell, I didn't lose. Hmmmm, I wonder if he knows what he's talking about....He's right. If you sell, then you will not make any money (or could lose money) but if you wait it out, chances are that it will rise again and you will be able to turn a profit. The problem is the market drops, people freak and sell everything and that's when it crashes. Edited November 22, 2011 by chevysoldier Quote Link to comment Share on other sites More sharing options...
Bubba Posted November 22, 2011 Report Share Posted November 22, 2011 He's right. If you sell, then you will not make any money (or could lose money) but if you wait it out, chances are that it will rise again and you will be able to turn a profit.Isn't this the same thing they were telling employees of Enron, Lehman Bros, and GM? Quote Link to comment Share on other sites More sharing options...
motociclista Posted November 23, 2011 Report Share Posted November 23, 2011 Wednesday will be ugly. You heard it here first. Quote Link to comment Share on other sites More sharing options...
jbot Posted November 23, 2011 Report Share Posted November 23, 2011 the historians will call it... wacky wednesday.in comic sans Quote Link to comment Share on other sites More sharing options...
magley64 Posted November 23, 2011 Report Share Posted November 23, 2011 Today will be ugly? Quote Link to comment Share on other sites More sharing options...
c7fx Posted November 23, 2011 Report Share Posted November 23, 2011 everything is on sale Quote Link to comment Share on other sites More sharing options...
motociclista Posted November 23, 2011 Report Share Posted November 23, 2011 Just talked to my financial advisor. He said if I didn't sell, I didn't lose. Hmmmm, I wonder if he knows what he's talking about....I hate glib statements like that.Have you ever called your financial advisor when the market was up 20% and heard him say, "Well, if you don't sell, you haven't made any money"? Quote Link to comment Share on other sites More sharing options...
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