New Low For DOW Today: 6781 and Going Fast.

[tekisui]

Hang on everyone.

[spanone]

1. -277 2:26 cst

[Fluffdaddy]

2. nothing I can do but hang on.............My 401k want to shit 4 months ago

[MercutioATC]

23. What's your retirement horizon?

If I had 15+ years to retirement, I'd be buying equities...maybe not quite yet, but soon.

As it is, I have 7 years...and I think this market is going to take at least 4-5 to really turn around (and that's an optimistic scenario).

[Fluffdaddy]

25. 5-6 years That was my plan 7 months ago........now not so sure.

[CoffeeCat]

3. Last Friday...

...there were big losses toward the end of the day.

I wonder if today will be like that.

[FLAprogressive]

4. Thank God it [the bailout] passed.

:sarcasm:

[nadinbrzezinski]

5. If we loose 70% of its value (like it did between 29 and 34)

that will really be bad news

Though the idea of re-regulation is probably driving some of this

Party's over

[Sancho]

6. What's the worst that can happen?

Some Wall Street Billionaires jump...as humanistic and forgiving as I am, it wouldn't upset me.

[spanone]

15. yep and take a shitload of working americans with them who bought into the dream

[nadinbrzezinski]

18. So how many hard working people who have money there

(401 K, funds, you mention it) do you want to see jump too?

JEEBUUS, there are days

[Sancho]

26. Heck no! My retirement is in AIG Annuities! I've already decided to work until 90.

Since no one is going to stop or prosecute the crooks on Wall Street, maybe they will have to lose it all before we get a change. All of us who go to work for a pay check are already screwed.

[thewiseguy]

7. CNBC Headline: Stocks may end year with gains!

Fuck you CNBC. :mad:

[fasttense]

11. And I may win the lottery too but figure the odds. n/t

[JDPriestly]

32. For CNBC, this is just a game. They are all millionaires

I suspect that some of them bet against what they say on the air. What they say on the air may be a bait for naive investors. I can't figure them out. They are such smooth talkers. Commentators on TV should have to disclose their personal investments so that people could judge whether to trust what they say or not. By disclose, I mean publish in writing every trade they make, every investment, everything they earn.

[steelmania75]

8. That Stimulus better start working

[nadinbrzezinski]

14. six to nine months before you feel it

that is part of the problem

[Fluffdaddy]

21. Hopfully just in time for the 2010 election

[bdamomma]

22. and apparently the repigs think they will be re elected again to carry on with

the mess they started. Dream on.

[Turbineguy]

9. Beware of

Limbo Dancers!

[Fluffdaddy]

13. They are already warming up to put on a big show

[Pirate Smile]

10. My Dad heard Warren Buffet's comments over the weekend and told his broker to sell.

My Mom has been trying to get him to get them out of stocks for the past year and a half. It is a slightly touchy subject.

[Fluffdaddy]

16. what was his comments? I misssed it.......thx

[Profprileasn]

30. Berkshire Hathaway Letter to shareholders

Warren Buffet's letter for 2008 can be found here. he is quite smart and funny.

[Profprileasn]

31. Oops

Link..
http://www.berkshirehathaway.com/letters/letters.html

[lazyriver]

19. Warren Buffet is probably creating his own bargain bin. I imagine

he and people with the means like him were doing some quiet buying today and will be doing more as we watch things drop for a few more weeks.

[Fluffdaddy]

12. The Fundamentals Of Our Economy Are Still Strong .......Hahahahha

[Why Syzygy]

17. When Warren Buffett is losing money ...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIKfD7OUmHng&refer=home

March 2 (Bloomberg) -- Stocks slid worldwide, sending the Dow Jones Industrial Average below 7,000 for the first time since 1997, and Treasuries rose after Warren Buffett said the economy is in “shambles” and American International Group Inc. posted the largest corporate loss in U.S. history.

Berkshire Hathaway Inc. fell 6.4 percent following the worst drop in book value in Buffett’s career at the company. Citigroup Inc. tumbled more than 15 percent as AIG posted a $61.7 billion quarterly loss and HSBC Holdings Plc said it needs to raise capital, triggering the worst plunge in U.K. banks since at least 1985. Exxon Mobil Corp., the world’s biggest company by market value, fell as oil slid 9.6 percent. General Electric Co. sank below $8 for the first time since 1994.

[slipslidingaway]

20. FWIW gap area from April 28 & 29, 1997...

6783-6890

April 14 & 15, 1997

6451-6536

[spanone]

24. -303 and tumbling

[Tierra_y_Libertad]

27. Quick! Everbody go out and buy a lot of crap to save the economy!

The geniuses in Washington and Wall Street are counting on the stupidity of the American people to bail them out.

Unfortunately, even stupid people know when they're broke.

[CoffeeCat]

28. I just bought a foam cowboy hat and a toaster...

...is that enough to save us?????

[spinbaby]

29. No

Buy a car and go to Disney World.

[Tierra_y_Libertad]

33. Thank you, Mr Trump, for doing your bit.

[Winterblues]

34. You can't just buy necessities.

You have to splurge a little..