[DrDomer]

Now let's see another day of gains. Even 50 pts would be significant.

[aut0sh0cker]

I just posted this right above yours... lol

[MadDog]

I think everyone should start a thread about the stock market.

I'll just sit back and enjoy some

[Cloud9blue]

this is why i never recommend my parents putting money in the stock market. you never know what is going to happen.

this is probably just because people start to purchase stocks again when it hits its lowest last week, hoping to earn some cash. the economy is not going to rebound that quickly unless it fundamental problems are solved.

[MrToad]

Don't hold your breath..

[DrDomer]

I agree about the confidence comment. To market tends to respond to emotions and widespread sentiment more than it does to the fiscal fitness of individual companies in times like these. It's nice to buy Apple and Google and Deere "on sale".

[MrToad]

Told you not to hold your breath. We're all fucked, this economy has gone to hell..

[Bobby_Light]

Originally Posted by Laszlo

Listen, the trend line is 7000... and that would take us back to 1982... through adjustments... of a true bear market. Now, you may expect an even worse decline... maybe closer to 5500 or less.

No matter how you slice and dice this one, we have been in a recession, and now we're going into a deep recession (recession is very bad word, so that's why they keep saying, "close" to a recession, which is BS...)... Nonetheless, we're going to see a much worse shake up.

I noted that we may have hit bottom a few weeks ago (just to be positive), but in my soul I still believe we're going to see changes that are "unthinkable" in modern times. Just be sure to have a back-up if the $hit hits the fan.

Unemployment is going to be mind-blowing and be sure to be that guy/gal at work "who is always outputting 120%" or more... and do your best to save as much as possible. Have at least 10% in gold/silver around the house and a wad of cash in the matress.

Forget about your 401K... you won't see any per cent plus until 2020... but still put in money since you're buying at rock bottom. But don't expect a break-even until at least 6-to-8 years from now. But in the long run, you will get your money back, plus the 6% your company matched. And maybe, a few per centage points more. If you own a house, keep it. Pay it off in 20 years... if you don't lose it. If you don't own, and have the cash, and credit... buy!

Remember this...

Originally Posted by Laszlo

Crisis is over, trust me.

We're not even close to the bottom. No where close. Country's bankrupt. No country has ever become prosperous by borrowing and spending; the US is no different. We've been borrowing, over consuming, and overspending since the tech bubble burst. Now it's time for correction if the government will just let it happen. Savings and production are what got America to where it is. We need to go back to those values.

[gonzo]

Let's see what happens today.....................


Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 -- the lowest since October 1982 -- with exporters like Toyota Motor Corp. and Sony Corp hit hard.