The Ow Jones Industrial Average

[smileyman]

:idk:I renamed it...Coulda been the Down-Jones Industrial or the Wow - Jones Industrial. How far does it go from here? Will this be a "Great Depression" a national "Dustbowl"? Will we be reusing toilet paper and growing our own food?

I am thinking of putting all my extra cash into a stockpile of booze and guns...That way no matter the outcome i will be entertained and somewhat solvent...

[ontwo]

First time under 10 in 4 years. Ouch!!!

[the chi]

:idk:I renamed it...Coulda been the Down-Jones Industrial or the Wow - Jones Industrial. How far does it go from here? Will this be a "Great Depression" a national "Dustbowl"? Will we be reusing toilet paper and growing our own food?

I am thinking of putting all my extra cash into a stockpile of booze and guns...That way no matter the outcome i will be entertained and somewhat solvent...

Thats the funniest thing I have read all day!! I think I will be practicing the pink elephant game...if theres an elephant in the corner but I dont acknowledge it, its not really there, right??

(kidding people...i wish I could tho!)

[smileyman]

Some folks get by with gorillas, others with pink elephants, some even have evil penquins...Whatever works for ya! Really now is a great time for me as far as economic crashes go...I am to poor to tell! I measure my net worth with my fuel gauge and even then I have to look at it as if "is the tank is half empty or is it half full?" Depends on your mood and whats on the radio!:zowned:

[the chi]

Some folks get by with gorillas, others with pink elephants, some even have evil penquins...Whatever works for ya! Really now is a great time for me as far as economic crashes go...I am to poor to tell! I measure my net worth with my fuel gauge and even then I have to look at it as if "is the tank is half empty or is it half full?" Depends on your mood and whats on the radio!:zowned:


I'm right there with ya man!!!

[Captain Morgan]

Yeah, today was so much fun for me. I watched it all day long on one screen, with accounts up on the other screen as the calls kept rolling in. Personally, I was pretty sure it would rally near the end of the day, and I was right. I thought it would close above 10k, which it just barely failed to do. I wouldn't be surprised if the bottom is near 8800 or maybe even as low as 8300. I certainly don't want it to get that low, but looking at a monthly chart of the dow, it's not exactly unreasonable for that to happen.

The Dow climbed at a reasonable pace for many years, then suddenly started climbing much faster in 95. It dropped down in 2001 and 02, then picked up again in 03 at a fast pace. It appears to be coming back down to the trendline that actually started back in 90 and went through 95. Personally, I know the market goes in cycles. I'm not worried. I just keep on keepin on.

[smileyman]

http://money.cnn.com/?cnn=yes

Down again: Dow tumbles 7%
Falls below 9,000 for 1st time since '03 - on 1-year anniversary of all-time high. more• Investors pull $43B out of stock

Maybe this guy is on to something...

http://www.cnn.com/2008/POLITICS/10/09/eichengreen.depression/index.html

[Captain Morgan]

http://money.cnn.com/?cnn=yes

Down again: Dow tumbles 7%
Falls below 9,000 for 1st time since '03 - on 1-year anniversary of all-time high. more• Investors pull $43B out of stock

Maybe this guy is on to something...

http://www.cnn.com/2008/POLITICS/10/09/eichengreen.depression/index.html

Here is a different article. It doesn't speak of the feds action or inaction, but it shows some facts and info...

http://www.schwab.com/public/schwab/research_strategies/market_insight/todays_market/recent_commentary/depression_fears_overblown.html?cmsid=P-2813772&lvl1=research_strategies&lvl2=market_insight&refid=P-2803015&refpid=P-997178

Here is another good article...

http://www.nytimes.com/2008/10/09/business/yourmoney/09money.html?no_interstitial

[jeeps84]

Least they traded Friday. still finished low but its a start and maybe the bottom we have all been waiting on.

[Amber Lamps]

Hey to every dark cloud there's a silver lining... GAS PRICES ARE WAY FUCKING DOWN BABY!!!!! Since I cashed in my 401k,I don't give a fuck about the stock market. My only concern is for the super market baby!!!

[jeeps84]

Hey to every dark cloud there's a silver lining... GAS PRICES ARE WAY FUCKING DOWN BABY!!!!! Since I cashed in my 401k,I don't give a fuck about the stock market. My only concern is for the super market baby!!!

To bad they will stop production increasing the demand to keep the prices up.

[Mr Lefty]

yeah but the gas prices are way down to what? 3.50? fuck that... I will not be happy until they're under $2... no it will probably never happen again... but it's because they just keep raising the prices... then "drasticly reduce them" to $.50 more than they were before the rise... but america has the short term memory of a 3 month old... soon we'll be happy to see $7 a gallon a nice break from the $8.45 we were spending before....

[Amber Lamps]

yeah but the gas prices are way down to what? 3.50? fuck that... I will not be happy until they're under $2... no it will probably never happen again... but it's because they just keep raising the prices... then "drasticly reduce them" to $.50 more than they were before the rise... but america has the short term memory of a 3 month old... soon we'll be happy to see $7 a gallon a nice break from the $8.45 we were spending before....

Oh stop peeing on my cornflakes you bastards!!!

[Mr Lefty]

uh... how about... the higher gas prices will cause the intrest in motorcycles to rise? driving down prices and up awareness and safety? :idk:

[Amber Lamps]

uh... how about... the higher gas prices will cause the intrest in motorcycles to rise? driving down prices and up awareness and safety? :idk:


I don't know if this is true but it seems that whenever the market goes down,gas prices go down. Hey Capitain,is this true?

[Rider]

I got my Fidelity statement in the mail this weekend..... I'm down $7K last month. :hangman::suicide:

[Amber Lamps]

I got my Fidelity statement in the mail this weekend..... I'm down $7K last month. :hangman::suicide:

WOW!!!!!! Yep,I went thru that in um,'03 I think. It sucks getting those statements!!!!

[smileyman]

Sit tight everyone, we are on our way back up....