This didn't help.
Posted on 08/16/2007 5:12:29 AM PDT by SkyPilot
Just saw it on the news as second story after Peru earthquake.
Reporter said early overseas trends have analysts predicting this could be the 'worst day yet.'
Don't shoot the messenger.
(Excerpt) Read more at cnn.com ...
The MSM has just about talked us into a crash.
This didn't help.
Ben Stein would say this is an investment opportunity.
I have a good friend who lives off of managing his own stock portfolio. He is not a day trader. He is in the market half the year, and out half. He lives very nicely off his efforts.
I asked him last weekend if he thought we had found the bottom. He said, we have two or three more drops coming before the bottom comes. He also said there are now some very cheap stocks out there.
I agree the MSM is cheering for a bad domestic economy to prop up the next Dim nominee.
But this is a bigger fish than the lamebrains in the MSM know how to fry.
These are world markets going down the tubes on every continent.
The Journalism majors with a 2.1 GPA who work for the MSM don't have the puppet strings to work the world markets. The markets are reacting to real problems.
Lots of red on CNBC...
It is interesting that you can sell most everything in May and buy back the end of Aug cheaper. Works most years.
And there are some stocks that are now down 10-15% from the highs..but I think there is a way to go yet. Many of these hot stocks will be dumped by hedge funds cashing out..
| Nikkei falls 369 points as turmoil continues(2.6% fall) |
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| Posted by TigerLikesRooster On 08/15/2007 10:50:21 PM CDT · 65 replies · 1,316+ views Japan Times ^ | 08/16/07 Nikkei falls 369 points as turmoil continues Compiled from Kyodo, Bloomberg The benchmark Nikkei stock index tumbled to its lowest close since December on Wednesday after shedding 369 points amid renewed turmoil in global credit markets. The 225-issue Nikkei stock average plunged 369.00 points, or 2.19 percent, to end at 16,475.61, its lowest since Dec. 8, when it closed at 16,417.82. The Topix index of all first section issues on the Tokyo Stock Exchange lost 43.31 points, or 2.64 percent, to close at 1,594.15, its lowest since 1,580.10 on Nov. 29. Financial issues were pounded by fresh concerns about the... |
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Normal ebb and flow.
The “unknown” in the credit markets will resolve itself and a lot of people will make a lot of money in the meantime
Which balloon? The housing bubble may be real, but stocks are historically cheap.
Wrong. Let the market find it’s own way. Artificially tweaking things won’t help in the long run.
This is a normal, overdue correction from which the market will recover. Yes, your holdings may be down significantly, but remember you only lose money if you sell.
Why was 17 rate hikes OK, but a couple of rate cuts not? It is not good to tighten on a downturn. That is the recipe for a crash, which is not healthy for anyone.
Or, the DOW might be 7,800 a year from now, the dollar worth 20%-30% less than it is now, AND inflation will have made its reappearance...
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