Market down 500+ It's going to crash!

These stupid investors!

In my line of markets everything's down just about the limit it can move in a day. Oil's down too. But the dollar is up? How odd is that?

Typical White Person wrote:

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They're only out money if they bought at a price higher than when they decide to sell. Otherwise, stocks are temporarily on sale at reduced prices should they decide to purchase more.
It is also excellent news for young adults, who are just entering the work force. Better to start building their retirement funds with an 8500 DJIA than a 14000 DJIA.
I think prices will continue to get better over the next four years, then grow again after 2012 and the end of Obama's lousy Presidency.

You're right, the Dow was too high.

For me, my investment plan is going to consist of CDs for the next 5 or so years. I'll reevaluate when things settle down.

Ms Angie wrote:

In my line of markets everything's down just about the limit it can move in a day. Oil's down too. But the dollar is up? How odd is that?

A silver lining to this nightmare.

Ms Angie wrote:

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You're right, the Dow was too high.
For me, my investment plan is going to consist of CDs for the next 5 or so years. I'll reevaluate when things settle down.

Angie,

If you don't need the cash in the next 5 years, you should BUY - BUY - BUY. Even Apple is at a discount right now.

Is like a blue light special of stocks.

Jim GR wrote:

These stupid investors!

Not a comment on your post...but...

I keel you!

Jim GR wrote:

These stupid investors!

Nice picture. Akmed the Dead Terrorist. Jeff Dunham rocks.

Get ready for the next Depression.

aimNfire wrote:

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Angie,
If you don't need the cash in the next 5 years, you should BUY - BUY - BUY. Even Apple is at a discount right now.
Is like a blue light special of stocks.

It's getting there, that's for sure. We don't need the cash right now, by any means, but at the same time we don't have a lot to invest. I figure with as young as we are we have time to let the 5% guaranteed interest basically accumulate on the 500 bucks we have to toss at something right now.

Believe me, if I had an open line of money to invest I'd be buying, or at least putting open orders in.

Typical White Person wrote:

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Nice to hear I'm not the only one flipping these stupid 3% 90 day CD's. Been on the sidelines since the fall of '05 waiting for this house of cards to come back down.

It's guaranteed money. It may be slow growth, but it's growth nonetheless. I'll diversify once things improve a bit. But for now I'll take my piddly 3-5% and smile.

Typical White Person wrote:

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Makes it easier to sleep at night too, doesn't it?

Definitely!

Jim GR wrote:

These stupid investors!

Why, because they know better than to believe that socialism will solve all our problems?

Or maybe it's because they know that this bailout wasn't really a solution?

Or is it just because the markets are always jumpy before a presidential election?

Aint that the truth. I actually upped my IRA and 401k contributions so I could get more of this stuff! The number shares I'm buying is unreal.

aimNfire wrote:

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Angie,
If you don't need the cash in the next 5 years, you should BUY - BUY - BUY. Even Apple is at a discount right now.
Is like a blue light special of stocks.

TommyO wrote:

Aint that the truth. I actually upped my IRA and 401k contributions so I could get more of this stuff! The number shares I'm buying is unreal.
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Totally agree with you. Should bode well when I need it for retirement in a few decades.

Ms Angie wrote:

In my line of markets everything's down just about the limit it can move in a day. Oil's down too. But the dollar is up? How odd is that?

Oil's down quite a bit but I'm sure we won't see no drop at the pump. Should be around $2.95 a gallon with oil at $88 a barell historically speaking.

RAB wrote:

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Oil's down quite a bit but I'm sure we won't see no drop at the pump. Should be around $2.95 a gallon with oil at $88 a barell historically speaking.

Speaking of oil, can someone explain to me why the price of gas shoots up when a hurricane, 2,000 miles away from the Gulf, may or may not, hit a Oil Platform or Refinery. But now that the price of a barrel has been under $100 for a week, the price creeps down. It's just under $3.50/gallon today.

And yes, I know the answer most will give is oil companies are b.a.s.t.a.r.d.s.

Anyone with a real reason??

Mustang393w wrote:

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Speaking of oil, can someone explain to me why the price of gas shoots up when a hurricane, 2,000 miles away from the Gulf, may or may not, hit a Oil Platform or Refinery. But now that the price of a barrel has been under $100 for a week, the price creeps down. It's just under $3.50/gallon today.
And yes, I know the answer most will give is oil companies are b.a.s.t.a.r.d.s.
Anyone with a real reason??

Not a good one. I believe that the whole BS about having to fill the tanks with gas priced at today's prices is utter BS. Not sure it works that way with any other commodities, but maybe?

Even if it does, it's still a ripoff for them to charge us at a rate base on today's pricing instead of what they paid for it.

Mustang393w wrote:

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Speaking of oil, can someone explain to me why the price of gas shoots up when a hurricane, 2,000 miles away from the Gulf, may or may not, hit a Oil Platform or Refinery. But now that the price of a barrel has been under $100 for a week, the price creeps down. It's just under $3.50/gallon today.
And yes, I know the answer most will give is oil companies are b.a.s.t.a.r.d.s.
Anyone with a real reason??

Commodities are traded as futures. Basically meaning the price is set based on how we PROJECT the supply and demand ratio to play out in coming days, weeks or months.

A hurricane coming into the Gulf COULD (emphasis on could) disrupt supplies and cause an acute supply and demand issue wherein the supply that we have falls dramatically but demand remains unchanged. In order to rein in potential supply and demand inversions many times you'll see the price increase, which in turn should slow down demand.

Typically, like in the case of Ike, traders tend to buy on the rumor, more so than the actual incident. The concern that we were going to see our pipelines and refineries potentially destroyed and offline for many months was enough to cause a relatively short term increase in price, or at least the bump we saw the weekend before the storm hit.

It's a pain in the butt yeah, but until we figure out a better way to A. Refine our oil into gas, or B. Price oil, and other staples of every day life, we're going to be at the mercy of the markets, weather and investors for a long time to come.