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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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10-06-2008, 09:35 AM
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#1
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Market
Well there goes support of 10,000.... Whats next...8000? Hang on folks,,, Anyone see any other support in there,,,?
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10-06-2008, 10:01 AM
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#2
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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fack me it's going to be another rough week.
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10-06-2008, 01:17 PM
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#3
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Yup,,, and it keeps eroding away too,,,,BOHICA  |
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10-06-2008, 02:09 PM
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#4
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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alot of fortunes made and lost today.
carnage
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10-06-2008, 03:02 PM
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#5
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Where's Fishpoopoo? Exit window left?
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10-06-2008, 03:09 PM
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#6
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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probably prepping the noose knots about now  |
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10-06-2008, 11:11 PM
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#7
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Registered User
Join Date: Feb 2005
Location: Burlington
Posts: 2,290
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My retirement just went down the dumper. I may have to find someone that is willing to hire an old fart that can just about get around. I think this adminisrtration has crippled the future generations. Possibly 4 generations just to pay for the fat cats.
The only thing golden in retirement is urine!!!!!
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low & slow 37
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10-06-2008, 11:14 PM
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#8
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by gone fishin
My retirement just went down the dumper.
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Why? Were you holding a lot of volatile stocks?
-spence |
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10-07-2008, 08:02 AM
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#9
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Isn't an Oversold Market the time for Opportunity,,,,,  |
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10-07-2008, 08:20 AM
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#10
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Quote:
Originally Posted by gone fishin
My retirement just went down the dumper. I may have to find someone that is willing to hire an old fart that can just about get around. I think this adminisrtration has crippled the future generations. Possibly 4 generations just to pay for the fat cats.
The only thing golden in retirement is urine!!!!!
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Try and get a job working for the state. |
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10-07-2008, 08:32 AM
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#11
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Wipe My Bottom
Join Date: Sep 2006
Posts: 1,911
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Quote:
Originally Posted by striperman36
Where's Fishpoopoo? Exit window left?
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in a fetal position, barfing my guts out. 
september and october are sometimes very treacherous months for the stock market. it's partly seasonal.
typically, bottoms are reached in october, and in an election year, you can see the market take off from Nov to March. or something like that.
however, given the lousy state of our economy and the fact that we're dragging the whole world down with us  , i would be short this b*tch in March.
ordinarly, the stock market discounts the end of a recession a year in advance, or something like that. most recessions are fairly brief - 9-12 months.
but i don't think we're in a "V" shaped recession. we're likely in a longer-lasting "bathtub" shaped recession. i hope i'm wrong. but i fear i am not.
as far as home prices go ... nationwide home prices are down 20% from their peak. i heard one knowledgeable estimate that ... "we're only halfway through this price adjustment." more suck to endure on that front, unfortunately. |
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10-07-2008, 09:18 AM
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#12
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 34,971
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I'd gladly take 20% down from the market peak.
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~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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10-07-2008, 09:38 AM
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#13
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Quote:
Originally Posted by JohnR
I'd gladly take 20% down from the market peak.
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In the stock market too. |
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10-07-2008, 03:00 PM
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#14
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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10-08-2008, 10:08 AM
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#15
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Registered User
Join Date: Jun 2002
Location: Shrewsbury,ma
Posts: 369
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And going down today........big time....again.
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Big Daddy-Bob Sr.
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10-09-2008, 10:05 AM
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#16
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Hope for support at 9000 ,,,
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10-09-2008, 11:21 AM
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#17
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Keep The Change
Join Date: Oct 2000
Location: The Road to Serfdom
Posts: 3,275
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VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.
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“It’s not up to the courts to invent new minorities that get special protections,” Antonin Scalia
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10-09-2008, 11:32 AM
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#18
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Quote:
Originally Posted by Fishpart
VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.
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Hope Monday,,, With a sell off prior,,,, |
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10-09-2008, 11:37 AM
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#19
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,557
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Quote:
Originally Posted by Fishpart
VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.
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wishful thinking. |
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10-09-2008, 12:39 PM
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#20
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by Fishpart
VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.
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I just dumped a ton of money into my 5 year old son's 529 
-spence |
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10-09-2008, 12:42 PM
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#21
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Quote:
Originally Posted by Fishpart
VIX index has been in the 50's for a few days now, so we shoul be close to tha bottom. When it (Finally) turns around back you can expect a significant increase.
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Right, it's been there before this year. |
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10-09-2008, 12:42 PM
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#22
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Quote:
Originally Posted by spence
I just dumped a ton of money into my 5 year old son's 529
-spence |
Smart move,, Time is on your side,,, |
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10-09-2008, 12:53 PM
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#23
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Quote:
Originally Posted by GattaFish
Smart move,, Time is on your side,,,
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shoulda keep it as a ton of Kreugerands. |
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10-09-2008, 01:26 PM
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#24
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,557
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Quote:
Originally Posted by GattaFish
Smart move,, Time is on your side,,,
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I agree. |
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10-09-2008, 03:14 PM
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#25
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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There's 8500 fack me
almost time to start buying again.  |
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10-09-2008, 03:17 PM
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#26
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Blood on the friggin highway. 8,612.48
If Iceland defaults we'll all be road pizza
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10-09-2008, 03:31 PM
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#27
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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OUCH
Quote:
Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
There's 8500 fack me
almost time to start buying again. |
For the LOOOOOOOOOOOng term... 5yrs or more,,,
Better to buy for the long term now than it was to buy and hold 1 year ago..... 
Hopefully we are setting up for an incredible monday,,,, somehow I doubt it though |
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10-09-2008, 03:46 PM
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#28
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Registered User
Join Date: Sep 2001
Posts: 7,649
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its over.......
It's over, the markets will not recover in our or our children's lifetime.
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10-09-2008, 04:29 PM
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#29
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Quote:
Originally Posted by GattaFish
For the LOOOOOOOOOOOng term... 5yrs or more,,,
Better to buy for the long term now than it was to buy and hold 1 year ago.....
Hopefully we are setting up for an incredible monday,,,, somehow I doubt it though |
maybe 1000 pts DOWN |
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10-09-2008, 04:58 PM
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#30
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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YUP
Quote:
Originally Posted by striperman36
maybe 1000 pts DOWN
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 I totally agree,,, But since no one can call the bottom and with the swings we get from day to day that may all happen in one or two sessions,,,
Lets face it there is NO guarantee that we will find support at that level,,,(7500) We are really in uncharted territory...
I am sure there are a few guys in here that have a very good idea of what we might see the next few session,,,,
And you sure as hell don't want to get your investment advise from me,,,,  |
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