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Panic: S&P down over 6%, Dow down over 5%
Bloomberg Terminal | 10/6/08 | Me

Posted on 10/06/2008 7:45:09 AM PDT by Thane_Banquo

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To: bluebunny

Here’s what you could do. With the money you now have in your 401k, you could move it into you plan’s money market account. Then you could keep contributing, because now may be a good time to buy. And that way you will continue getting your company match.

Or, you could open a Roth IRA and invest the money in a money market account or other “safe” investment within the IRA. BUT, keep contributing to the 401k up to the company match, because you don’t want to leave free money on the table.


401 posted on 10/06/2008 12:16:01 PM PDT by Abigail Adams
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To: TexasCajun
Bawney Fwank talks like he has something in his mouth all the time???

Doesn't appear to be teeth.

402 posted on 10/06/2008 12:16:13 PM PDT by Ole Okie
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To: Moose4
Uh, woohoo?

Um, yeah. Um, er, good times're rollin'.

Um.

403 posted on 10/06/2008 12:16:16 PM PDT by Lazamataz (Secondhand Aztlan Smoke causes drug addiction obesity in global warming cancer immigrant terrorists.)
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To: Lazamataz

You disappeared for a while?

Welcome back!


404 posted on 10/06/2008 12:16:21 PM PDT by Checkers (Voting for McCain? Then don't complain. (Hey, that rhymes.))
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To: bluebunny

At your age, you should just keep putting money on a regular basis into your 401k or IRA, keep it in sound funds that you don’t need to manage often (ie, don’t bother looking at them any more than perhaps once/year) and not mess with it.

Dollar cost average.

For someone in your age bracket, the stock market just went on sale. You should avail yourself of the bargain.


405 posted on 10/06/2008 12:17:20 PM PDT by NVDave
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To: Lazamataz

stilettos don’t go with the mohawk, where is your fashion sense?


406 posted on 10/06/2008 12:17:33 PM PDT by Taffini (Mr. Pippin and Mr. Waffles do not approve)
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To: RockinRight

“Or, we could cause even bigger panic by the MSM shouting “PANIC” all over the place.”

They wouldn’t do THAAAAT would they?


407 posted on 10/06/2008 12:22:39 PM PDT by jessduntno (Good Grief.)
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To: Lazamataz

Because nothing says total Anarchy like the Woz, football pads and feathers.

408 posted on 10/06/2008 12:23:47 PM PDT by Centurion2000 (McCain/Palin 2008 : Palin the Paladin 2012)
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To: Centurion2000

To quote Variety in 1929:

“WALL STREET LAYS EGG”


409 posted on 10/06/2008 12:29:00 PM PDT by Ole Okie
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To: Ole Okie

Looks like some of the bargain hunters are now taking some advantage of low prices.....


410 posted on 10/06/2008 12:30:39 PM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Lazamataz

Free at last, free at last, thank God Almighty, you’re free at last!


411 posted on 10/06/2008 12:31:40 PM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Lazamataz
Time for the dancing girls?

412 posted on 10/06/2008 12:32:18 PM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Thane_Banquo

Soros and his gang of hedge fund shorts. Fannie and Freddie fraud set this up.


413 posted on 10/06/2008 12:32:31 PM PDT by Frantzie
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To: Frantzie

414 posted on 10/06/2008 12:34:24 PM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Sopater
"You think I'm bad, my opponent is much worse than me!"

The central argument the GOP has been making to garner support for its presidential candidates for the last twenty years, starting with Poppy Bush in 1988. The chickens have come home to roost.

The s__t we're now in demonstrates why it really is better to find candidates who actually stand for something, e.g. Duncan Hunter, Tom Tancredo, than an establishment geezer who plays to the squishy middle. Mac's been playing to them for so long, there's no way in hell he can now make a credible demonstration to prove he's not just another "mugwump."

415 posted on 10/06/2008 12:38:48 PM PDT by E. Cartman (I'm mad as hell, and I'm not going to take it anymore.)
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To: Ole Okie
Doesn't appear to be teeth.

He doesn't. Mr. Frank never misses a chance to troll for a "date."

416 posted on 10/06/2008 12:41:37 PM PDT by E. Cartman (I'm mad as hell, and I'm not going to take it anymore.)
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To: Wilder Effect

This is not luck. This was a set up. Fannie and Freddie with CRA was teed up for a coup. Soros and his hedge fund shorts then nailed every shaky financial company with ME money.

We are witnessing a global coup.


417 posted on 10/06/2008 12:43:17 PM PDT by Frantzie
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To: Thane_Banquo

Oops. Looks like the bailout didn’t work after all. Maybe the economic agents who power the market are not so confindent in socialism.


418 posted on 10/06/2008 1:49:41 PM PDT by Force of Truth (As to the bailout: Cui bono?: Follow the money.)
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To: E. Cartman
Mac's been playing to them for so long, there's no way in hell he can now make a credible demonstration to prove he's not just another "mugwump."

I think that you're exactly right. The Republicans have been fooling themselves into believing that as long as the Democrats continue to move to the left, Republicans can stay just to the right of their opponent and can then count on everyone to the left of the Democrat candidate to vote Democrat, everyone to the right of the Republican candidate to vote Republican, and everyone in the middle of the two, they can fight over.

I like Sarah Palin, but I'm not accustomed to voting for a VP despite whoever is at the top of the ticket. Now a Cheney/Palin or Dunca/Palin, or Tancredo/Palin ticket would definitely appeal to me.
419 posted on 10/06/2008 1:56:06 PM PDT by Sopater (The left taketh, and the left giveth away...)
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To: Thane_Banquo; LukeL
OH NO! Now we're back to levels not seen since April of 2005!

New Tagline: Volatility != Trend

420 posted on 10/06/2008 1:56:08 PM PDT by sam_paine (X .................................)
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To: sarasota
I actually believe that a depression would be good for America's soul, none of the young folks understand bad times and consequently haven't acquired the lessons of the school of hard knocks. Their priorities are way out of wack.

Tough times build character and wisdom and the younger generations are short of both.

421 posted on 10/06/2008 1:57:19 PM PDT by Daryl L.Hunter (Pacifists are the unwitting ally of the enemy!)
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To: Abigail Adams
looked at IBD’s web site, and there’s an article about how it’s better to stay in the market and ride the lows so you don’t miss out on the “best days”

My daughter pointed that one out to me; it was in the mutual funds section and we immediately put part of an IRA into an S&P index fund.   Since then we've watched it loose money for us but mutual funds are not like stocks; they're more of a 'buy-and-hold' type investment while a stock is a 'dump-it-if-it-drops' type so we're OK with it....

422 posted on 10/06/2008 2:00:06 PM PDT by expat_panama
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To: DannyTN
...an effort to educate FR on banking. OK clearly I suffer from delusions of grandeur...

LOL!

Please ping me next time you're in one of those chats because those are the situations I really like.  For sure I'm not hoping to change anyone's mind, but it's in the act of reexamining my own understandings where I learn so much.

423 posted on 10/06/2008 2:06:14 PM PDT by expat_panama
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To: All

Thanks everyone for the good advice!


424 posted on 10/06/2008 2:21:53 PM PDT by bluebunny
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To: Daryl L.Hunter

In that sense, you’re right. Kids have no idea what tough times look like and while I’m trying to teach my daughter (who is old enough to understand), it will take a reality check to get the message through.


425 posted on 10/06/2008 2:32:02 PM PDT by sarasota
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To: PAR35; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; ..

The Money, Banking, and Financial Markets Ping List.

FR Keyword: moneylist

This can be a high-volume ping list at times.

To join, send Freepmail to rabscuttle385.

426 posted on 10/06/2008 2:33:01 PM PDT by rabscuttle385 ("Please sir, may I have another!")
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To: frankenMonkey

“This just in... Cramer over at NBC told everyone to sell everything as fast as possible.”

Did he yell booooyah while doing it?


427 posted on 10/06/2008 5:12:12 PM PDT by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: NVDave

“What you’re seeing is a deflation as a result of de-leveraging. If this isn’t turned around soon and consumers are convinced to spend, you will see at least a very bad recession.”

Yup. What you’re seeing is the massive destruction of debt by the capital markets.

Perhaps next time we’ll learn.


428 posted on 10/06/2008 5:15:09 PM PDT by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: Thane_Banquo
Throw more money into the blaming pits. We'll smother the fire with cash! Get shoveling, Weimar or bust!

Full speed ahead on the orders of the rump-ranging dead-faggots-society. A taxpayer in every pot.

429 posted on 10/06/2008 5:26:35 PM PDT by M203M4 (True Universal Suffrage: Pets of dead illegal-immigrant felons voting Democrat (twice))
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To: M203M4

Back from the grave to piss on capitalism one last time. Should have been felled by AIDS in his youth.

430 posted on 10/06/2008 5:30:14 PM PDT by M203M4 (True Universal Suffrage: Pets of dead illegal-immigrant felons voting Democrat (twice))
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To: frankenMonkey

I’m in a stock that has a buyout already done for 11.25 a share. Today it is trading for 9. I would buy all I could if I wasn’t full on in cash(oh well I’m 31).. but when the merger goes through I can go on a buying spree.. it will be like Christmas, no not in July this one will actually be at Christmas.


431 posted on 10/06/2008 7:48:53 PM PDT by Almondjoy
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To: Thane_Banquo

“This is no social crisis, just another trick day for you”.


432 posted on 10/06/2008 8:16:30 PM PDT by chuknchez
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To: Thane_Banquo

Thank you Congress and President Bush:

http://market-ticker.denninger.net/


433 posted on 10/06/2008 8:33:49 PM PDT by TheBattman (A vote for the "lesser evil" is still a vote for evil!)
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To: WOSG

I used to trade straight futures, but commodity margin prices have skyrocketed compared to what I could deal with back in 2006.

So now its hard to get in on either side of the market if you’re a little guy.


434 posted on 10/06/2008 9:43:03 PM PDT by valkyry1 (McCain/Palin 2008)
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To: nicola_tesla

Gee Nickie , why did the market come up this afternoon ??
Stop peddling the doom and gloom.


435 posted on 10/06/2008 9:50:56 PM PDT by ncalburt
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To: marshmallow

Keep sucking down the doom and gloom kool aid peddling by Soros .


436 posted on 10/06/2008 9:52:03 PM PDT by ncalburt
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To: marshmallow
It was triggered by mortgage defaults which lit the fuse on the huge credit default swap explosion. This is bigger than Paulson, the Dems and the government. They're just trying to keep the lid on a powder keg.

Which makes a bigger boom: an open pile of gunpowder, or a tightly-sealed can holding the same amount of gunpowder (ignited either electronically, or by cooking off, or whatever)? How about a sealed cast iron vessel?

437 posted on 10/06/2008 11:49:10 PM PDT by supercat
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To: Dick Bachert

yep


438 posted on 10/07/2008 4:43:34 AM PDT by publiusF27
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To: ncalburt

Ever hear of the Principle of Maximum Ruin ? No ? Go read about it - you’ll soon see it in action just as they did from 29-33.

You can also thank the shorts; they’ll always put a floor under a market.

But go ahead, drink the Kool-aid; sold to you !


439 posted on 10/07/2008 6:02:01 AM PDT by nicola_tesla (www.fedupusa.org)
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