1. 08-04-11 02:59 PM #1
    BettingGeek
    SBR PRO
    BettingGeek's Avatar Become A Pro!
    Join Date: 10-07-10
    Posts: 3,555
    Betpoints: 1

    Market down over 4% today across the board


    What the **** happened?
    People cashing out to post up in sportbook ready for Football season or what?
    Economy has been shit - it ain't no news to drive the market down
    Reply With Quote Reply With Quote
  2. 08-04-11 03:00 PM #2
    Brock Landers
    Forever in Debt to your Priceless Advice
    Brock Landers's Avatar Become A Pro!
    Join Date: 06-30-08
    Posts: 45,360
    Betpoints: 8792

    very odd selling
    Reply With Quote Reply With Quote
  3. 08-04-11 03:01 PM #3
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    Just the start now
    Reply With Quote Reply With Quote
  4. 08-04-11 03:03 PM #4
    VegasInsider
    Update your status
    VegasInsider's Avatar Become A Pro!
    Join Date: 12-12-10
    Posts: 14,593
    Betpoints: 18

    Quote Originally Posted by BettingGeek View Post

    What the **** happened?
    People cashing out to post up in sportbook ready for Football season or what?
    Economy has been shit - it ain't no news to drive the market down
    Poor jobs report on the horizon and action taken by other markets in the world to "gear up" for a failure. The market was due for a sell off, and the longer it goes without one, the more severe the drop will be. Just another over reaction by everyone.
    Reply With Quote Reply With Quote
  5. 08-04-11 03:10 PM #5
    BewareOf5Dimes
    BewareOf5Dimes's Avatar Become A Pro!
    Join Date: 09-10-10
    Posts: 179
    Betpoints: 0

    Love it! Most people who buy stocks don't even know who the CEO is of the company they buy. That is laughable. People blow 80K on stocks they know nothing about.

    Margin of safety is the only way to buy. I hope it crashes for the next week so I can buy some good deals. I got my eye some things now.

    Sorry!
    Reply With Quote Reply With Quote
  6. 08-04-11 03:14 PM #6
    opie1988
    I have a MAJOR fukkin clue..
    opie1988's Avatar Become A Pro!
    Join Date: 09-12-10
    Posts: 23,429
    Betpoints: 1012

    Quote Originally Posted by BettingGeek View Post

    What the **** happened?
    Economy has been shit - it ain't no news to drive the market down
    There were reports that a camel had farted in Africa.

    Everyone panicked. Mass hysteria.

    Sky is falling.
    Reply With Quote Reply With Quote

    SBR
    Poster of
    Year 2011

  7. 08-04-11 03:27 PM #7
    ChuckyTheGoat
    ChuckyTheGoat's Avatar SBR PRO
    Join Date: 04-04-11
    Posts: 31,511
    Betpoints: 24869

    Quote Originally Posted by opie1988 View Post
    There were reports that a camel had farted in Africa.

    Everyone panicked. Mass hysteria.

    Sky is falling.
    Opie:

    How does mkt do Friday? And then next week?

    I say +1.5% manana. +3% by next Friday close.
    Reply With Quote Reply With Quote
  8. 08-04-11 03:40 PM #8
    opie1988
    I have a MAJOR fukkin clue..
    opie1988's Avatar Become A Pro!
    Join Date: 09-12-10
    Posts: 23,429
    Betpoints: 1012

    Quote Originally Posted by ChuckyTheGoat View Post
    Opie:
    How does mkt do Friday? And then next week?
    I say +1.5% manana. +3% by next Friday close.
    So many things were due a correction, once it broke thru about 11,600....it was basically a free fall.

    Personally I think it remains somewhere close to where we closed. I don't see things going as low as some predict, but if they do, that's not necessarily a bad thing. Lot of good companies that will be priced below true value.

    So much is media driven, both good & bad. As always, I'm not scared of something I think is a good buy. I'm buying it regardless of what the rest of the market does. No one is looking out for anyone's money besides their own.

    Some panic, some don't. I personally don't see the apocalypse on the horizon soon. In fact, already paid for a cruise next April....so hoping the world doesn't end till at least after that.
    Reply With Quote Reply With Quote

    SBR
    Poster of
    Year 2011

  9. 08-04-11 04:25 PM #9
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    It will be a bloodbath tomorrow once the world markets open up in Asia and Europe and no one would want to own stock over the weekend. Tomorrow we break the 11,000 level boys and looking for support at 10,500.
    Reply With Quote Reply With Quote
  10. 08-04-11 04:59 PM #10
    SBR_John
    Wisky
    SBR_John's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 16,471
    Betpoints: 42225

    Bit of a blood bath. Long term holders will be fine. Washing out the weaker hands.
    Reply With Quote Reply With Quote
  11. 08-04-11 06:08 PM #11
    VegasInsider
    Update your status
    VegasInsider's Avatar Become A Pro!
    Join Date: 12-12-10
    Posts: 14,593
    Betpoints: 18

    Quote Originally Posted by pavyracer View Post
    It will be a bloodbath tomorrow once the world markets open up in Asia and Europe and no one would want to own stock over the weekend. Tomorrow we break the 11,000 level boys and looking for support at 10,500.
    Market falls another 400 tomorrow? I don't think so.

    I also don't see support coming at 10,500...that would spell hysteria again tomorrow and early next week.
    Reply With Quote Reply With Quote
  12. 08-04-11 06:13 PM #12
    Emily_Haines
    Emily_Haines's Avatar Become A Pro!
    Join Date: 04-14-09
    Posts: 15,888
    Betpoints: 15307

    Quote Originally Posted by SBR_John View Post
    Long term holders will be fine.


    market is still down 30% for the period of 10/07 to present

    long term holders are going to get hurt bad

    Reply With Quote Reply With Quote
  13. 08-04-11 06:18 PM #13
    No coincidences
    Baseball at The Corner
    No coincidences's Avatar Become A Pro!
    Join Date: 01-18-10
    Posts: 76,300
    Betpoints: 16541

    Quote Originally Posted by SBR_John View Post
    Bit of a blood bath. Long term holders will be fine. Washing out the weaker hands.
    Sincerely,
    1998 and 2008

    Where is the stock market now vs. 10 years ago with inflation factored in?
    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »