Let's all calm down, fellas.

[opie1988]

Lots of doomsdayers & naysayers around here. The index goes up & down....not sure why folks get so shocked about this.

This is not 2008 again. We don't have a liquidity crisis, we don't have a credit crisis -- this is just profit taking.


If you thought investing in the market meant only sunny days, I'm afraid you may want to look elsewhere to grow your wealth. The only guarantee is whatever goes up.....must come down.

[Br0nxer]

i disagree

i think by the end of the year it's worse than 2008

[opie1988]

2008 was driven by the mortgage crisis. What's on the horizon with that type of potential economic devastation? Nothing.

What's driving your fears?

[VegasInsider]

Well said, Opie. I said something to the same effect in another thread earlier (guy was pretty much saying this is THE END )

Like you said, this is the typical routine of profit taking and a much needed sell off or readjustment. We never hear a peep when the market goes up 300+ points, no one seems to care why.

[doublej95]

business as usual Opie.

[UntilTheNDofTimE]

Amen brother.

[Ninersnut]

business as usual Opie.

[FuzzyDunlop]

Article claiming that the recession never happened; it was a depression cycle that started back in 2006. And the so called economic recovery is nothing more that a bear market rally.

[benjy]

Solid post Opie.

[doublej95]

I take it you do not understand the "business as usual" saying that went on here two weeks ago.

[benjy]

Was this created for JJ? If so, there should be a dedication ceremony.

[Dutch]

The rich and powerful have to create ways to make millions. Scare the little guy into selling his stock cheap. You can't tell me todays panic wasn't expected by a select few.

[ACoochy]

2008 was driven by the mortgage crisis. What's on the horizon with that type of potential economic devastation? Nothing. What's driving your fears?

Opie this is simply the beginning of a larger correction that shouldve taken place many years ago imo...
Opie, this is what happens when you have a group of citizens that insist on living beyond there means...Baton down the hatches cos we're in 4 a bumpy ride...

[High3rEl3m3nt]

This is bound to happen, as any "economic progress" that we made since 2008, has been mostly artificial. The government needs to back off, let the market fix itself, and make sure that they are not hindering it through more artificial growth spending bills.

[Pigpen]

I am looking at it as a buying opportunity

[No coincidences]

2008 was driven by the mortgage crisis. What's on the horizon with that type of potential economic devastation? Nothing.

What's driving your fears?

It's not 2008, but where's the good news or encouraging signs of a recovering economy vs. the idea of a double-dip recession?

[Git Lo]

This is bound to happen, as any "economic progress" that we made since 2008, has been mostly artificial. The government needs to back off, let the market fix itself, and make sure that they are not hindering it through more artificial growth spending bills.

Won't that cause more layoffs (unemployment) more companies going out of business and/or being bought out?

[gohabsgo]

It's not 2008, but where's the good news or encouraging signs of a recovering economy vs. the idea of a double-dip recession?

We are indeed going into a double dip recession. Lets see what are the job data tommorow, if its real bad then put your seat belt on...

[UntilTheNDofTimE]

Can someone explain the stock FAZ to me?

Is it basically a company that shorts major financials? Its always the inverse of BAC every day.

[Deuce]

Market still up 37% since Obama took office.

[tony_come]

Buy buy buy

some ppl don't have the stomach to play this game

[ACoochy]

Market still up 37% since Obama took office.

thats like more than quadruple inflation during the same period...Good post deuce

[onlooker]

[paco]

Whats going on?

[jjgold]

This is not business as usual

Currencies are crumbling
Euro Countries are crumbling
unemployment is out of control
massive debt

[ACoochy]

This is not business as usual Currencies are crumbling Euro Countries are crumbling unemployment is out of control massive debt

Coach y is NY ignoring the current bond situations in spain and italy Weve already seen what happened when NY ignored the bond situation in ireland and portugal...Bailouts They are doing this to themselves to a degree...

[jjgold]

People already lined up at banks for opening tomorrow
fights
its unreal

[Ninersnut]

I take it you do not understand the "business as usual" saying that went on here two weeks ago.

I did but I wanted to drop that GIF and this was the first thread I opened

[Fishhead]

I am looking at it as a buying opportunity

[Fishhead]

People already lined up at banks for opening tomorrow
fights
its unreal

YUP


They were lining up at BkofAmer this evening.......there were people actually camping out overnight to be first in line.


I only have $59 in my BkofAma checking, so no worries on this end................no savings.

Crazy!!

[Monitor-Tan]

why were ppl lining up at BkofAma.. I don't get it..

[vyomguy]

short it

[THE PROFIT]

I have all my money in gold futures, a rope chain around my neck and a ring on my finger, and I hope not to get drunk & lose them in the future

[topgame85]

Anyone willing to buy into the market might as well buy into topgamer sports inc. right now........ I have a job, decent cash flow and only medium debt........ I am a far better investment than the US economy.

In all reality though, as I have pondered in several thread, tell me what has changed so drastically since the 6400 bottom that would warrant a jump to 11000, 12000, 13000? Thats like a line going from -2 to -9 because a second stringer is healthy enough to play on Sunday after an injury. Dramatic move with no real advantage or progress gained. 9000's is where the market should be right now IMO.

[onlooker]

Just seen this quote.

The Dow has lost nearly 1,000 points since the Smurfs rang the opening bell, in case we're looking to pin this on someone.