Stock Market down over 400 pts today

[Pit Bull]

Are we having fun yet

 

[dresslered]

I did some shopping. Just like Macy's over labor day weekend, some great sales!

 

[K_Arts]

I hate to say it... but it looks like it's time to pull my money out...



Kev

 

[JConley]

If you have the money, I would put it in. Just look at this as a stock sale. If you take money out when the market is high, why not buy when the market is low? problem is most people buy high and sell low .

 

[K_Arts]

Well the other problem is losing in such a corrupt economy. It is goint to take the Market a long time to recover... and it doesn't help that large corporations are still laying off people.



Now a days people don't have the money to invest... let along have the money to pay their bills. Looks like to me it is time to pull out and put that money towards helping friends and family put food on the table before I lose all my money too.



Kev

 

[dresslered]

Very true, Kev. Put your friends and family first. I only suggest investing in the stock market if you have some very long-term investment plans.

 

[Pit Bull]

Last time we had a correction the market was flat for 17 years. Buffet said on the news tonight that he felt it would be a long time before the market grew (10-20 years?) what is a long time? I guess if you are going to invest the best bet would be companies that pay a good dividend? Since the stock prices won't be going up anytime soon. Maybe John Dilinger had the right idea Of course I can't do the time so I can do the crime

 

[FAllen]

They've cooked their golden goose. Won't be back in our life times.

 

[Champane Flight]

As soon

It will rebound again. If you are in the stock market for short term gains, you won't make anything. Wait three years and it will be back up where it was. Or if we go to war with Iraq, then it will go up again, oil stocks in paticular. I am not worried, the economy is still standing and looking OK. It is just a case of fikeled investers and a little panic. It has to go down to go up... ... BUY.

 

[Pit Bull]

Re: As soon

Originally posted by Champane Flight



It is just a case of fikeled investers and a little panic. It has to go down to go up... ... BUY.

Hope your right

 

[JBlock]

Try Bond funds

If you think the Market still head south, i go for bonds Vanguardfunds has one that return 8% currrently, get the right one the other one doing badly, I drop the market about 2 years ago, A few in and outs, lost on stocks, gained on bond funds, about a wash, i one of the lucky ones.

 

['956Wheel]

investing

My Buddy "Fast Eddie" sent this to me... I don't care for Bud, or beer in cans for that matter. But, Mom's working hard on her Pepsi investment program!





"If you had bought $1000. 00 worth of Nortel stock one year ago,

it would now be worth $49. 00. With Enron, you would have $16. 50

of the original $1,000. 00. With Worldcom, you would have less

than $5. 00 left. If you had bought $1,000. 00 worth of Budweiser

(the beer, not the stock) one year ago, drank all the beer,

then turned in the cans for the 10 cent deposit, you would have

$214. 00. Based on the above, current investment advice is to

drink heavily and recycle. "





IMO, Now is not the time to sell as you will only be adding to the problem. No investment is a sure bet and the market will come back. BUY LOW, SELL HIGH!



Mike