 A rough day on Wall Street |
| A rough day on Wall Street |
 Jan 17 2008, 04:52 PM
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#1
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 Do they ignore parts of reality? Group: Moderators Posts: 2,935 Joined: 23-February 06 From: South Overton!!! Member No.: 46  |
http://money.cnn.com/2008/01/17/markets/ma...sion=2008011716
QUOTE The Dow Jones industrial average (INDU) lost around 307 points according to early tallies, seeing its worst one-day point loss since early November, and leaving the blue-chip barometer at a 10-month low. The broader S&P 500 (INX) index lost 2.9 percent, and fell to its lowest point in 15 months. The Nasdaq composite fell 2 percent and hit a 10-month low.
-------------------- A psychotic world we live in. The madmen are in power. How long have we known this? Faced this? And--how many of us do know it? Perhaps if you know you are insane then you are not insane. Or you are becoming sane, finally. Waking up. I suppose only a few are aware of all this. Isolated persons here and there. But the broad masses... what do they think? All these hundreds of thousands in this city, here. Do they imagine that they live in a sane world? Or do they guess, glimpse, the truth...?
-Philip K. Dick |
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Jan 17 2008, 04:55 PM
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#2
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
Yeah, my IRA is down.
 Might be a good time to do my conversion to Roth, though! 
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Jan 17 2008, 05:03 PM
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#3
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CHEE CHEE Group: Members Posts: 5,026 Joined: 23-February 06 From: trapped in the hoezone layer Member No.: 39 |
but when this sort of stuff happens thats a good thing! the economy cant run without losing lots of money! all these people who report and do this sort of thing for a living have no reason to keep talking about it!
-------------------- Little monkeys making money
Naked monkey looking funny Mighty males are strong and free Female monkey, not so lucky Rocking monkeys, funky monkeys Monkeys sticking other monkeys Monkeys wrong or monkeys right Mostly flexing monkey might |
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Jan 17 2008, 06:19 PM
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#4
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 Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (Spectatrix @ Jan 17 2008, 04:55 PM)  Yeah, my IRA is down. Might be a good time to do my conversion to Roth, though! I wouldn't do a full conversion. During the last dump like this my money saw a 50% loss, but when it recovered I gained close to 200%. (Black Rock Fund) -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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Jan 17 2008, 06:34 PM
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#5
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
QUOTE (Hartmann @ Jan 17 2008, 06:19 PM) I wouldn't do a full conversion. During the last dump like this my money saw a 50% loss, but when it recovered I gained close to 200%. (Black Rock Fund) I don't have a whole lot in there anway. Just over a grand. It's just my roll-over from the last job's 401k, but I haven't been contributing anything new. -------------------- |
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Jan 18 2008, 08:26 AM
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#6
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Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
I will say that I think the tax "rebates" (*cough* "cuts") are dumb but what I find hilarious is the fact that Pelosi and the democrats, who damned Bush for his original tax cuts, wholeheartedly supports these. W.T.F?
-------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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Jan 18 2008, 10:04 AM
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#7
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 Group: Members Posts: 926 Joined: 2-May 07 Member No.: 1,015 |
I'm in the process of moving my bank account currency from dollars to Danish Kroners.
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Jan 18 2008, 10:13 AM
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#8
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
QUOTE (Hartmann @ Jan 18 2008, 08:26 AM) I will say that I think the tax "rebates" (*cough* "cuts") dumb but what I find hilarious is the fact that Pelosi and the democrats, who damned Bush for his original tax cuts, wholeheartedly supports these. W.T.F? Well democrats only believe in stimulating the economy when it's going down the toilet, obviously. Plus these rebates are a one-time thing and help the middle/lower class whereas Bush's cuts were long-lasting and primarily helped the rich. This post has been edited by Spectatrix: Jan 18 2008, 10:14 AM -------------------- |
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Jan 18 2008, 10:30 AM
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#9
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
QUOTE (Hartmann @ Jan 17 2008, 06:19 PM) I wouldn't do a full conversion. During the last dump like this my money saw a 50% loss, but when it recovered I gained close to 200%. (Black Rock Fund) Yeah my fidelity fund did the same thing 
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Jan 18 2008, 11:34 AM
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#10
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 goldmember Group: Members Posts: 192 Joined: 27-February 06 From: dallas Member No.: 94 |
QUOTE (blaarg @ Jan 18 2008, 10:04 AM) I'm in the process of moving my bank account currency from dollars to Danish Kroners. why not just take the leap and splurge for the German Reichsmark --------------------  |
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