Stock Market

[MaTH716]

Originally Posted by Danzig

well...i said it would drop into the 7's...wish i was wrong tho...

I heard today that supposedly 7800 is a big support level. If we break through that it could get even uglier (if that's possible).

[dalakhani]

Originally Posted by MaTH716

I heard today that supposedly 7800 is a big support level. When we break through that it will get even uglier (if that's possible).

FTFY

Capitulation...we are very close.

[MaTH716]

Originally Posted by dalakhani

FTFY

Capitulation...we are very close.

Well that certainly didn't take very long!

[dalakhani]

Originally Posted by MaTH716

Well that certainly didn't take very long!

We need a 500+ point drop today. A giant meltdown. Everytime i say that, the market rallies. But if it melts down, i think you will see a lot of money from the sidelines get back in the game.

[CSC]

It's the worst I have ever seen it, my portfolio is down significantly. I keep thinking we have seen the bottom, that it can't get any worse but it does.

[MaTH716]

Originally Posted by dalakhani

We need a 500+ point drop today. A giant meltdown. Everytime i say that, the market rallies. But if it melts down, i think you will see a lot of money from the sidelines get back in the game.

WHY?

[dalakhani]

Originally Posted by MaTH716

WHY?

Value. Every market has a point where there is value regardless of how low it is. Regardless of how much trouble the economy is in (believe me I deal with it every day) there is still a ton of wealth in this country. There comes a point in time where there is just not much further it can go. Are we close? I would say that we are pretty darn close. We still didnt get that capitulation though. We are close.

Saying that stock prices arent going to drop much further and saying that we are close to being out of our economic woes are two very different things.

[Mortimer]

lol