A 1,000-point Dow drop .... How an hour of panic unfolded as markets opened

To: Osage Orange; Nervous Tick; Kartographer

(its my little trick. when i see two freepers fighting who i like, i tell them both i hate them. then when they start fighting me, they forget their argument. dont tell them.)

101 posted on 08/27/2015 3:50:40 PM PDT by Lazamataz (Ok. We won't call them 'Anchor Babies'. From now on, we shall call them 'Fetal Grappling Hooks'.)

Love the new tagline ... but you’re still totally screwed, so screwed.

102 posted on 08/27/2015 4:06:56 PM PDT by MHGinTN (Is it really all relative, Mister Einstein?)

To: Nervous Tick

Your post are excellent examples.

103 posted on 08/27/2015 4:52:11 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")

104 posted on 08/27/2015 6:20:17 PM PDT by Osage Orange (Q. What do Eskimos get from sitting on the ice too long? A: Polaroids.)

To: Kartographer; All

I just got here, and haven’t had time to read through this whole thread, but I do make a distinction between a market collapse and a financial collapse.

As far as I’m concerned, we have been in a form of financial collapse for many years now, and it’s likely going to get worse - sooner rather than later.

I also am very much concerned that we have already passed the point of no return on this, and are likely in for a very bad time of it no matter who goes to Washington DC. And maybe no recovery in sight for the rest of my lifetime-which is pretty short, but still more than a decade - Lord willing.

I just don’t get excited about the downs of an overpriced market - for one, I don’t invest what I’m not willing to loose. Second for every investment I make, as soon as possible or at least when it doubles, I sell off a portion and take my original principle and park it some where.

When the time is right, I go back in and reinvest that principle. In 2007, I reduced my market exposure to half on all my investments and IRAs. In October of 2008, I purchased stocks of good company’s that looked healthy enough to survive. Now I have sold off about half of those positions.

At one time, I did have a nice size portfolio, but have used that to live on since 1997, when I retired to take care of ailing parents. So my portfolio is pretty small now, but the strategy is the same.

So, I’m stashing some cash, stocking up the pantry with sale items we use anyway, buying some silver, and waiting for the next market crash to troll for bargains. All of which makes sense in a financial crash, or financial recovery.

One thing in our favor: Most if not all of the rest of the world is worse off than we are. Initially, in 2008, when it looked like only the USA had a problem, the funds were flowing out of US Treasuries. A few days later, as the Global problem was realized, money flowed back in - we are still seen as a safer currency than most others, and that may be what saves us from our folly.

105 posted on 08/27/2015 6:38:12 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Le//t Freedom Ring.)

For some stocks maybe - but I would rather buy when the Dow is around 6000. LOL

106 posted on 08/27/2015 6:50:01 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Le//t Freedom Ring.)

To: Kartographer

I have no idea why you pinged me on this.

107 posted on 08/28/2015 1:06:15 PM PDT by manic4organic (It was nice knowing you, America.)

To: Kartographer

I got pinged! I got pinged!

I am...somebody.
I am...somebody...

108 posted on 08/29/2015 2:05:15 PM PDT by dsc (Any attempt to move a government to the left is a crime against humanity.)

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