the daily "how low will it close" thread

It will be 0 by the time it's all said and done.

Index Value: 9,258.10
Trade Time: 4:09PM ET 10/08/08
Change: Down 189.01 (2.00%)
Prev Close: 9,447.11
Open: 9,437.23

and counting. I knew it would drop at the very end.

was a little off.

-130 and I have to go to work. I wont know how it closes until 10:15pm!

-157. I bet $20

-72 as of 3:51, lol

It can be seen live here: http://www.livecharts.co.uk/MarketCharts/dow.php

The support level it was just testing seems to be failing right at the moment. 2:45 pm

It often seems to make major moves between 2pm est and 4pm est. I'm thinking back down a bit by days end.

There are companies with $8 a share in cash selling for $18 a share.

Some of these share prices have gotten simply ridiculous.

When you sell for the sake of selling it is just as stupid as buying for the sake of buying.

Now to the point. I read of people whose retirement accounts have been hurt by the weak dow.

The stock market is a casino. It has proven to be a high risk investment vehicle time and again over the last 100 years.

If you have had all of your retirement funds in stocks then you have made a mistake and I am sorry you have suffered. I got creamed in the nasdaq crash long ago and learned my lesson.

I will say this and have said it before.

There is a TON of money waiting on the sidelines. I mean a TON.

The sharks are waiting for the scared little fishies to sell their stocks and run away...I know it because that is what the sharks ALWAYS do.

Unsophisticated investors buy at the top and sell at the bottom. That's is how the brokers make the money to buy big houses with.

The smart guys? They buy at the bottom and sell before it hits the top.

It is a greed machine and people get ground up in the gears.....unless they are smart.

If you must, with money you can afford to lose, you buy when there is BLOOD IN THE STREETS.

If you do not have the cojones to tolerate swings DO NOT PUT MONEY IN THE STOCK MARKET...OK? DON'T. Take 10% of your time in front of the TV and shut it off...then...study economics and finance.

Then you will see MDC is trading at $33 a share. This company has $28 a share in CASH. You will learn to define quality of the investment and make it because you understand why...not because some idiot like Kramer is telling you what to do. Then if you make a profit you will know how to manage the profit instead of listening to some idiot investment adviser whose worried about his TEE TIME.

Learn this. Never I repeat EVER fail to diversify your investments.

A little of this and a little of that and only money you can lose in the casino known as the Dow.

If you understood exactly what a share of stock is you would realize it is a VERY VERY RISKY investment. If a company struggles, shareholders get NOTHING....NOTHING...NOTHING.

I know little old ladies who go to the casino once a week/ They take what they can afford to lose and that is all.

When you go to the stock market? Only take what you can afford to lose and you will be as smart as the little old lady at the slot parlor.

The stock market is based on printed paper like the monopoly game is, so there is no bottom except the bottom in peoples minds.
So the slide could slow, stop, or continue on for a very long time.

If the paper was backed by gold or silver there could be a predictable bottom but not with fiat currency.

Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead to world wide freedom.

Not low enough.

I won't be happy until the Dow hits 3000.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

I've never seen a rollercoaster like today!

Maybe lower.

Live Free or Diebold

Index Value: 9,220.27
Trade Time: 12:10PM ET 10/08/08
Change: Down 226.84 (2.40%)
Prev Close: 9,447.11
Open: 9,437.23

n/t

Imay fall below 9,000 I think maybe around 8,790