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Stocks Blow
misbehavin
Registered User regular
Registered User regular
Wow....
1,376 point drop in the DOW from Tuesday to Thursday. 2 days. 1,376 points.
Every single stock I own has dropped precipitously, in every sector.
Fuck the economy!
1,376 point drop in the DOW from Tuesday to Thursday. 2 days. 1,376 points.
Every single stock I own has dropped precipitously, in every sector.
Fuck the economy!
misbehavin on
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but yeah
dang
It is a good thing I didn't make my contribution yet for the year.
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Campbell's Soup and Smith & Wesson
I'm just going to ride it out and hope for the best.
Regardless, this really blows. I've lost nearly a half a million in the last month.
Were you the guy who always boosted about how much money you made in the stocks many many months ago?
half a million of what total though, especially if it's somehow related to subprime lending
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That reminds me, i still need your address...to send you this...lovely package.
Also this is going to be much worse than 87 before its over and done with. This this is just getting started.
Yeah man, I know I can weather this bullshit out. But I feel really bad for my parents.
"Boasted."
And yes.
You can mock me now.
FIX IT FIX IT
Providing we don't all starve and die and all that.
perhaps investing in gold aswell
By "lost a half a million," I mean that my total portfolio value from a month ago has declined by roughly 500K. I'm not including my IRA in that assessment.
So if you're young, chill out and don't do anything stupid. I get real nervous when I look at my 401k and the other place I have investments, but I still have 45-50 years to worry about making it back.
The problem with gold is there isn't enough to meet demand at this point, and the price is going through the roof.
Hey, don't go filling my anger thread with rational advice!
No, really, you're right. And I haven't sold anything (except my Google shares, but that was unrelated to the drop), it's just really frustrating to watch your portfolio value drop precipitously almost every hour.
I need to just stop watching.
Actually, no, that's not true, because I am hoping to time the rebound well and buy up huge bundles of under performing stocks.
I'm still nervous, though. I know it will rebound eventually, but it doesn't appear to be anytime very soon.
500,000 of what total is my point. If you've lost 500,000 of $50mill, I don't give a shit. If you've lost 500k of 600k, that is a different story.
Also it's kinda crazy here, even though gold is going down in price, because our dollar is going down so much against the US dollar it's actually meaning that the price is basically going up. Somewhere around $1,400NZD for an ounce, converting the price in USD to NZD
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Exactly
it has all kinds of things
500K is rougly 20% of my total portfolio value from September 1st. It's less if you take the value from the start of the year.
Oh, Christ on a Cracker, the market just opened and the DOW fell another 500 points.
I HAVE TO STOP WATCHING THIS!
Me neither
I find stocks and portfolios and bonds and investments and dividends and fiscal years mystifying
join the club
I get the basics, but on national levels and shit? No way
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The bit that confuses me the most is when people are like 'everyone lost a lot of money because everyone went crazy because we lost some money yesterday'
But like, why not just keep hold of stuff instead of going crazy when things go bad
Also I don't know about the economy or anything, but wouldn't stocks dropping mean that alot of people would be spurred to buy sometime in the future, thus bringing them back up?
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