Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
SELL, SELL, SELL.....Cut your loses while you can!! Get into gold, errr, silver, err, oil, errr. Oh I don't , just do it please, I would like to lower my price. Also, be sure to make up a story on how wise you were.
As usual the libs are late to the party. Too late to sell fb.
The selling already happened to the smart ones.
The technical analysts already saw the head and shoulders forming and warned of a drop.
The technical analysts already saw the head and shoulders forming and warned of a drop.
Actually they created the drop. The powers that be, changed the margin requirement last night for positions causing a major sell off for those who entered margin calls.
I'm thinking the couple with $250k adjusted gross income and the usual deductions, paying $50,000 annually in federal income taxes, recently turned a lot more pessimistic when the president lumped them in with billionaires and told them they are being greedy and selfish and unfair and his top priority is to hammer more money out of them.
Weren't you begging for the debt ceiling to be raised claiming that otherwise it would be a catastrophe?
Yes, yes he was, but like a typical liberal, they ask for something, then when they receive exactly what they want, they blame someone else for the unintended consequences.
As usual the libs are late to the party. Too late to sell fb.
The selling already happened to the smart ones.
The technical analysts already saw the head and shoulders forming and warned of a drop.
I hate to say it, but I agree. I moved some funds around to a slightly more conservative position a few weeks ago, almost moved everything to a stable fund but then I thought that there was no way the debt ceiling wouldn't be raised so I still left most of my funds in stock funds of varying degrees.
I didn't think that the resolution of the debt ceiling deadlock would be more repugnant than not raising the debt ceiling.
Waited out the last one ok, looks like I'm working a few more years (unless I'm laid off) when I was hoping to be able to do it next year.
Now is not the time to chase the money in my opinion.
It will be OK! People need to relax. This is the kind of panic that can cause serious damage. There is NOTHING that should have economically fueled such a sell off in 24 hrs. the market could be up tomorrow by 5%. Get welcome to the new norm in WallStreet. It's like the weather. You can blame whoever and whatever you want.........but radical swings are here to stay. The market is a complete joke. It's one big casino and the US government is fueling the entire thing with their debt based money while the financiers gamble away the fruits of the hard working middle class. My questions is just when are the mindless lemmings called the American voting public going to have enough and wake up.
It will be OK! People need to relax. This is the kind of panic that can cause serious damage. There is NOTHING that should have economically fueled such a sell off in 24 hrs. the market could be up tomorrow by 5%. Get welcome to the new norm in WallStreet. It's like the weather. You can blame whoever and whatever you want.........but radical swings are here to stay. The market is a complete joke. It's one big casino and the US government is fueling the entire thing with their debt based money while the financiers gamble away the fruits of the hard working middle class. My questions is just when are the mindless lemmings called the American voting public going to have enough and wake up.
Help me out here. You say the market is one big casino. Today I bought a percentage ownership interest in a mega-size blue chip company that dominates its business lines with an 80% share. I paid ten times earnings, which means that my pro-rata share of corporate profits is 10% annually on my investment. The company has little debt and a huge pile of cash, which I indirectly own a percentage interest in. On top of that, my share of dividends is a 4% return on my investment, even if they stop raising dividends at the rate of 15% per year. This 4% dividend return is higher than I could get today on a 30 year treasury bond; in fact, it is higher than the interest rate I pay on a 15 year mortgage.
My theory is that 7 years from now, or 14 or 21 years, this investment is going to be worth more than what I paid. Don't know if I will ever sell it unless it goes up to a ridiculous price--its like owning an orchard that brings you fruit every season. But any day that I want to sell, there will be a market for it--it is up to me whether or not to accept the price offered.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
