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| Messages 1 - 11 of total 11 in this topic |
JuanDeFuca
Big Wall climber
Stoney Point
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Topic Author's Original Post - Sep 29, 2008 - 03:45pm PT
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The Stockmarket is Down 1000 points and still tanking.
If I had a window to jump out of I would.
JDF NEWS ALERT
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Flashlight
climber
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Sep 29, 2008 - 03:46pm PT
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Fall baby fall! I'll buy when it hits bottom.
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Euroford
Trad climber
chicago
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Sep 29, 2008 - 04:14pm PT
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this looks like an opportunity as far as i'm concerned.
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tooth
Mountain climber
B.C.
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Sep 29, 2008 - 04:50pm PT
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Just a few rich guys reaction to not getting bailed off their asses when they invested in companies who didn't know how to run business. Good thing your GOv't hasn't bailed them out yet.
It's helping the oil bubble out too.
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Dick_Lugar
Trad climber
Indiana (the other Mideast)
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Sep 29, 2008 - 04:56pm PT
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DIVE! DIVE! DIVE! ASSUME "MARKET CRASH" POSITION!!
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WoodySt
Trad climber
Riverside
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Sep 29, 2008 - 05:48pm PT
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Not at all like 29. I was there in 29, and this doesn't measure up.
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Nefarius
Big Wall climber
somewhere without avatars.........
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Sep 29, 2008 - 06:08pm PT
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Today's drop was only 6.8% of the market, where as 1987 and the great depression had 20%, per day drops.
Opportunity, indeed. :)
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graniteclimber
Trad climber
Nowhere
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Sep 29, 2008 - 06:32pm PT
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Nefarious, you are only looking at the Dow, which is the narrowest and most irrelevant of the indexes. The S&P 500 and the Nasdaq are both down about 9%.
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ricardo
Gym climber
San Francisco, CA
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Sep 29, 2008 - 06:38pm PT
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i got crushed in the last month ... now in cash .. but out of the trading game for a while ..
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Mungeclimber
Trad climber
sorry, just posting out loud.
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Sep 29, 2008 - 06:41pm PT
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hate to contribute to this thread, but maybe this will drive california housing prices down so people can afford homes.
yes, duh, it's a naive statement, but trying to get housing in this state is a beeyotch of a process and it's only going to get worse.
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Nefarius
Big Wall climber
somewhere without avatars.........
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Sep 29, 2008 - 06:49pm PT
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Regardless, granite, it's the same across the board. The "crash" of today, doesn't compare to the crash of the great depression or 1987. Not even half of the losses the markets saw then. It's simply more gloom and doom from the media. Not saying it's not bad, it's just (as usual) not nearly as bad as they make it out to be.
I agree with you Munge and am waiting for the bottom too. I've got no problems writing a check for 25%+ down payment to take a house off the hands of some lame f*#ktard who overspent his means, which is pretty much any house for sale in Cali right now... Again, a lot of people getting what they deserve and none too happy about it. Call the wahbulance.
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| Messages 1 - 11 of total 11 in this topic |
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