The market tanks again..........

Looon · Post by **Looon** » October 6th, 2008, 11:55 am

Hold on to your butt..........

Over 700 more points.

PocketKings · Post by **PocketKings** » October 6th, 2008, 12:57 pm

It'll bounce 300-400 points and end down 350-400 for the day. Don't fret. Your fund manager just sold Google and bought WalMart.

1 hour 'till the bell. We'll see how I do.

PocketKings · Post by **PocketKings** » October 6th, 2008, 1:44 pm

369 down at the bell.

I'm clairvoyant. Poor, but clairvoyant.

Rangerguru · Post by **Rangerguru** » October 6th, 2008, 1:47 pm

At least the price of oil has dropped below $90 a barrel. Too bad it's not reflected at the pumps. It just proves that the price of oil went crazy for no reason except for a bunch of greedy bastards.

smokn38 · Post by **smokn38** » October 7th, 2008, 7:38 am

I'm still a ways out from retiring. I just look at it as a buyers market. I used to feel dirty losing 20-30 dollars at a casino.

McD · Post by **McD** » October 8th, 2008, 3:33 am

Rangerguru wrote:At least the price of oil has dropped below $90 a barrel. Too bad it's not reflected at the pumps. It just proves that the price of oil went crazy for no reason except for a bunch of greedy bastards.

Price per barrel down 40% price at the pump down 15%. Tell me the fix isn't in.

Rock Island Ranger · October 8th, 2008, 4:10 pm

DoorGunner wrote:
McD wrote:
Rangerguru wrote:At least the price of oil has dropped below $90 a barrel. Too bad it's not reflected at the pumps. It just proves that the price of oil went crazy for no reason except for a bunch of greedy bastards.
Price per barrel down 40% price at the pump down 15%. Tell me the fix isn't in.
Takes awhile for it to catch up. You figured it hasn't been pulled out of the ground yet, transported yet, and refined yet................ I'm tryin, really tryin to come up with an answer that I believe myself.

Hard to when you see an event take place that affects oil and the prices at the pump jump instantly. The reverse is not true.

Looon · Post by **Looon** » October 8th, 2008, 5:23 pm

Just above 9000 today at close. I would expect, with all the volotility, that it will drop into the 8's tomorrow.

The overseas markets are tanking as well.

Edit: The gas price issues is BS, by the way.

McD · Post by **McD** » October 9th, 2008, 3:22 am

Ranger Luna wrote:Just above 9000 today at close. I would expect, with all the volotility, that it will drop into the 8's tomorrow.

The overseas markets are tanking as well.

Edit: The gas price issues is BS, by the way.

I feel a bump up coming.

Ranger Bill · Post by **Ranger Bill** » October 9th, 2008, 6:34 am

$3.00 a gallon gas in Michigan and General Motors stock is is about twice that...

Looon · Post by **Looon** » October 9th, 2008, 7:00 am

Ranger Bill wrote:$3.00 a gallon gas in Michigan and General Motors stock is is about twice that...

We just dropped below 3. We are sitting around 2.90.

Looon · Post by **Looon** » October 9th, 2008, 12:57 pm

Ranger Luna wrote:Just above 9000 today at close. I would expect, with all the volotility, that it will drop into the 8's tomorrow.

The overseas markets are tanking as well.

Edit: The gas price issues is BS, by the way.

It's into the 8's.

Over 500 pt drop right now.

BruteForce · Post by **BruteForce** » October 10th, 2008, 4:16 am

So with the market being down over 30%, what are you doing with your investments and/or 401k portfolios?

Those of you that have 401k's, are you continuing to invest or are you getting liquid?

---

As for me, I'm going to sit tight on the 401k investments I have, but I'm going to temp. cease further payroll deductions and instead get liquid (cash) on the money I would have otherwise invested.

As for my stocks (Etrade), I'm already down over 40% across the board, so selling now really isn't an attractive option - and the companies I invested in are for the long term anyway; most have EPS over 2.xx/share.

Earthpig · Post by **Earthpig** » October 10th, 2008, 5:07 am

Ranger Luna wrote:
Ranger Bill wrote:$3.00 a gallon gas in Michigan and General Motors stock is is about twice that...
We just dropped below 3. We are sitting around 2.90.

$2.78 is the cheapest I've seen in the last two days.

RLTW
EP