Results 1 to 9 of 9
  1. #1
    Join Date
    Jan 2004
    Posts
    7,033

    Wall St. Suffers Worst Day in Two Years

    http://news.yahoo.com/news?tmpl=stor...re/wall_street

    This is not good at all. I hope it does not go to much lower or we are in big trouble .

  2. #2
    Join Date
    Dec 2003
    Location
    Miami, FL
    Posts
    3,262
    I'm just glad I'm not working at the brokerage firm anymore. Today the firm I worked at put in over 800 orders to sell stuff.

  3. #3
    Join Date
    Jun 2004
    Location
    Boise, ID U.S.A.
    Posts
    3,503
    I have mixed feelings. I sent in some checks to put more money into some mutual funds. One check has already cleared prior to today's slump, which means I probably bought too high. However a check to another fund probably hasn't arrived yet, so maybe I'll be buying low on that one.

  4. #4
    Join Date
    Aug 2004
    Location
    Los Angeles,CA
    Posts
    789
    Its only a small set-back.
    The dow will recover.
    In some cases this is good. Especially if you are looking to buy cheap.

  5. #5
    Join Date
    Jan 2004
    Location
    Sarasota
    Posts
    518
    Why would we all be in big trouble? I just avoid logging into my 401(k) in months like this but instead console myself knowing my contributions each payday will buy more shares who's price will eventually go back up.

  6. #6
    Join Date
    Mar 2003
    Location
    Canada
    Posts
    9,852
    10,087.51

    Wasn't the DOW brushing against 11,000 earlier this year?
    Doesn't seem to be a lot of confidence in the economy.

  7. #7
    Join Date
    Feb 2002
    Location
    Australia
    Posts
    24,009
    Yeah, the sky is falling. Doom doom doom. It's all cyclinic, and nothing new.
    AussieHost.com Aussie Bob, host since 2001
    Host Multiple Domains on Fast Australian Servers!!

  8. #8
    Join Date
    Nov 2002
    Posts
    2,194
    People who have no understanding of the stock market should not be investing in it, or even paying attention to it, and even commenting about it if they don't understand the the market is a long-term proposition.

    If the market is on a downhill slide for many months and the trend has been downward for years, then that would be big reasons for concern.

    The market runs in cycles and you have to look at the long-term trend, like for example, 10 or 20 years?

    In the long run, the market has always shown a steady rise.

  9. #9
    Join Date
    Mar 2002
    Location
    England
    Posts
    2,014
    I'm just glad the FTSE100 is still remaining consistent. Hopefully it can stabilise above 5000 soon.
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