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Markets are going down.

Discussion in 'Money & Finance Forum' started by token, Jan 21, 2008.

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  1. Jan 21, 2008 at 1:10 PM #1
    token

    token I'm a lady

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  2. Jan 21, 2008 at 1:34 PM #2
    tharan000

    tharan000 Full Access Member

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    Put on your cowboy hat, tie in one hand, and yell YEE HAAAAAWW like Slim Pickens!
     
  3. Jan 21, 2008 at 7:33 PM #3
    Big Russ

    Big Russ Full Access Member

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    8 billion write down from Bank of China. The bad debt isn't isolated to the US institutions.

    These financial insitutions holding these ABS's needs people to pay their debts/mortgages, and Bush stimulus package isn't going to help that.

    Corporate earnings couldn't continue to grow at the pace they were on. Couple that with the consumer under pressure and those estimates needed a substantial adjustment.
     
  4. Jan 21, 2008 at 10:52 PM #4
    Golden Hammer

    Golden Hammer South Pole Elf

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    OR...take everything you got and buy low!!
     
  5. Jan 21, 2008 at 11:51 PM #5
    token

    token I'm a lady

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    On the upside, the whole world is going to undergo this correction. London was down more today than 9/11/01.
     
  6. Jan 22, 2008 at 8:28 AM #6
    VA49er

    VA49er Full Access Member

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    Yep, I thought people liked sales!!
     
  7. Jan 22, 2008 at 8:36 AM #7
    SilverSurfer

    SilverSurfer Son of Anarchy

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    I moved all my money into stable funds yesterday. I'll move it back in a week or 2 whenever the correction is finished.
     
  8. Jan 22, 2008 at 8:41 AM #8
    Golden Hammer

    Golden Hammer South Pole Elf

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    Dude..if you are expecting a correction, then buy, buy, buy.....buy low (now) and sell high. Everyone is freaking out...but this is how the rich get rich, they buy when prices are low. Remember the old, "if you had bought $100 in microsoft in 1981", scenario? Well here it is.
     
  9. Jan 22, 2008 at 9:34 AM #9
    SilverSurfer

    SilverSurfer Son of Anarchy

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    Well - it'll take a couple of weeks to get low. I may buy when and if I see something then.
     
  10. Jan 22, 2008 at 9:38 AM #10
    Golden Hammer

    Golden Hammer South Pole Elf

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    BofA and Wachovia stock is close to a 52 week low.....I can buy 2 shares for what 1 share cost last year. My risk is if either were to go under, which I believe ain't happening.
     
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