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Posted: 8/15/2007 6:17:46 AM EDT
So it fell from 14000 to 13000, how many billions of dollars lost does that mean?

Our economy is great?



Dow Industrials Fall Below 13,000

By MADLEN READ
AP Business Writer
NEW YORK (AP)

Stocks fell in early trading Wednesday, taking the Dow Jones industrials below 13,000, after a report showing mild consumer inflation was unable to pacify investors still worried about a credit crunch.

The market wasn't calmed either by an announcement from the Federal Reserve that it is ready to add more cash to the banking system if needed. Central banks worldwide have supplied billions of funds to banks over the past week to make cash available for lending and keep interest rates stable.

The Labor Department said its Consumer Price Index - a gauge of price inflation on food, energy and consumer products - rose 0.1 percent in July, meeting the consensus forecast of economists polled by Thomson Financial. Though investors don't want price pressures to be so high that they trigger an interest rate hike from the Fed - which could aggravate the effects of tightening credit - they are worried that the Fed will be unwilling cut rates unless inflation measures come in much lower.

In early trading, the Dow Jones industrial average fell 49.91, or 0.38 percent, to 12,979.01, trading below 13,000 for the first time since April 25. The Dow fell more than 200 points on Tuesday, resuming a weeks-long series of triple-digit moves following a one-day reprieve Monday.

Broader stock indicators were also lower. The Standard & Poor's 500 index was down 2.98, or 0.21 percent, at 1,423.56, and the Nasdaq composite index was down 4.43, or 0.18 percent, at 2,494.69.

Bonds rose, with the yield on the benchmark 10-year Treasury note at 4.70 percent from 4.73 percent late Tuesday. Gold prices retreated, while the dollar rose against the euro and British pound.

The Russell 2000 index of smaller companies was down 2.49, or 0.33 percent, at 760.38.

In trading abroad, markets reacted to Wall Street's drop Tuesday.

Japan's Nikkei stock average slid 2.19 percent. In afternoon trading, Britain's FTSE 100 lost 1.35 percent, Germany's DAX index slipped 0.63 percent, and France's CAC-40 dropped 1.68 percent.

http://hosted.ap.org/dynamic/stories/W/WALL_STREET?SITE=PAPOE&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2007-08-15-09-55-18

Link Posted: 8/15/2007 6:27:42 AM EDT
[Last Edit: 8/15/2007 6:33:20 AM EDT by NavajoGunOwner]
Ohhhhh Noooo.

I'm not going into work today then, I'm packing it up and bugging out. Making a run to my BOL before it all comes apart and zombies are out.

IF you can't take the downs don't play the ups.

Stock market has just about doubled in 8 years , so has my salary.

Yes it has been a great economy, we'll see if the Dimocrates can screw it up and ruin it for everyone.


ETA:
Looks good to me, amazing what a tax cut can do for a country.

This is the last ten years of the DOW.



things have been going up on a consistant basis, Regardless of how much the Old Stream Media trys to talk it down.

Link Posted: 8/15/2007 6:29:02 AM EDT
The question is: "How many Billions are to be made?"


Tough times make fortunes...you gotta know how to play it. Basic rule is sell high and buy low, right. Now is the time to buy in...when it's low. It WILL go back up. It always does. You cannot judge the market on one day or one week, month or year.

roy d....The market has never been down on average over a ten year span...you gotta be in for the long haul or you will choke.
Link Posted: 8/15/2007 6:34:44 AM EDT
It's not a loss until you sell.
Link Posted: 8/15/2007 6:35:14 AM EDT
Show of hands, who actually thought the Dow could continue growing at the rate it was, with no correction...?
Link Posted: 8/15/2007 6:41:07 AM EDT
[Last Edit: 8/15/2007 6:41:21 AM EDT by Hawkeye]
Link Posted: 8/15/2007 6:41:16 AM EDT
All part of the normal cycle of the stock market..up, down, up, down , up down.

The market is risky..and if you are not willing to deal with that, don't jump in.
Link Posted: 8/15/2007 6:44:49 AM EDT

Originally Posted By AssaultRifler:
It's not a loss until you sell.


And even if they sell now, most people's stocks are probably still higher than when they bought them.
Link Posted: 8/15/2007 6:45:25 AM EDT
It wasn't real money.

Link Posted: 8/15/2007 6:50:25 AM EDT
You need to be more specific about what you mean by "lost"
Link Posted: 8/15/2007 6:56:48 AM EDT
OMG we all gonna die!!!!!



Link Posted: 8/15/2007 6:57:08 AM EDT

Originally Posted By BillofRights:
You need to be more specific about what you mean by "lost"



Like under the couch or between the cushions?
Link Posted: 8/15/2007 10:06:52 AM EDT
Link Posted: 8/15/2007 10:07:23 AM EDT
Link Posted: 8/15/2007 10:09:53 AM EDT
It is only "lost" if you sell for less than you paid.

Unless, of course, the stock goes to zero.
Link Posted: 8/15/2007 10:10:03 AM EDT
Cmon.. Someone sneezes and the market falls apart. Dont play if you cant afford to lose on occasion.
Link Posted: 8/15/2007 10:15:46 AM EDT
I dunno but I made $320 so far today
Link Posted: 8/15/2007 10:44:18 AM EDT
[Last Edit: 8/15/2007 10:47:18 AM EDT by Ray62406]

Originally Posted By NavajoGunOwner:


Stock market has just about doubled in 8 years , so has my salary.


i31.photobucket.com/albums/c375/Navajozorro/dowjones.jpg

things have been going up on a consistant basis, Regardless of how much the Old Stream Media trys to talk it down.


Almost doubled in the last 8 years? Take a look at the chart again, it was at 11000 8 years ago. Now it did double, no wait, triple, from 92 until 2000 and then tanked starting in 2001.
Here is the data History
Link Posted: 8/15/2007 10:46:17 AM EDT
DOW hasen't seen a 5-7% correction for at least 1 year.
Link Posted: 8/15/2007 10:50:36 AM EDT
I only regret that I don't have more liquid money to buy some more stocks and mutual funds while they are on sale. I'm a long term investor, short term corrections don't bother me in the least.
Link Posted: 8/15/2007 10:52:23 AM EDT

Originally Posted By AssaultRifler:
It's not a loss until you sell.


Exactly! I love people who scream about how much they have lost and when you ask them if they have sold yet, they answer that they haven't. They hate it when you explain logic to them.
Link Posted: 8/15/2007 10:52:56 AM EDT

Originally Posted By Dance: Our economy is great?
Yes, it is. It's great to me anyway!

I have so much money coming in that I put away about 40% of my gross income in cash or retirement accounts because I don't know what to spend it on. If only my ex-wife can see me now.
Link Posted: 8/15/2007 10:34:48 PM EDT
[Last Edit: 8/15/2007 10:35:57 PM EDT by PaDanby]
If you bought when it was 14k, then you have lost value, you haven't lost $$ yet. If you bought at 14 speculating and need the $$ out quick, you learned a lesson. If you really think things are going to tank or at least over correct, then the market is not a place to buying now.

After all it's now just back to where it was in late April.
Link Posted: 8/15/2007 10:43:45 PM EDT
BUY, BUY, BUY!!!!
Link Posted: 8/15/2007 10:48:45 PM EDT
Put in buy orders for a shit load of stock for the AM, I should make out like a bandit tomorrow if my picks are right.
Link Posted: 8/15/2007 10:55:19 PM EDT
Stock market fundamentals people.

Stocks can gain 30% in a year, they can also lose 30%.

If you're in it for the LONG RUN, stocks do better than bonds and cash.

The money you need in the next year or two should not be invested in stocks.

Diversify!
Link Posted: 8/15/2007 10:57:21 PM EDT

Originally Posted By Mazeman:
Stock market fundamentals people.

Stocks can gain 30% in a year, they can also lose 30%.

If you're in it for the LONG RUN, stocks do better than bonds and cash.

The money you need in the next year or two should not be invested in stocks.

Diversify!

I think mutual funds is where its at long term wise right now, but lately the pennies have been doubling what I am making in blue chips and I have alot invested in the blues. God dammit I need to go re read the Peter Lynch book.......
Link Posted: 8/15/2007 11:04:41 PM EDT

Originally Posted By justinwb:

Originally Posted By Mazeman:
Stock market fundamentals people.

Stocks can gain 30% in a year, they can also lose 30%.

If you're in it for the LONG RUN, stocks do better than bonds and cash.

The money you need in the next year or two should not be invested in stocks.

Diversify!

I think mutual funds is where its at long term wise right now, but lately the pennies have been doubling what I am making in blue chips and I have alot invested in the blues. God dammit I need to go re read the Peter Lynch book.......


You still have to decide on what TYPE of mutual funds you want: stocks (US, international, emerging markets, small cap, large cap...), bonds (US, corporate, junk, munis), cash, REITs, sector funds, target-date funds, Index funds, etc, etc.

You can probably pick 3 funds, and be pretty well diversified, or you can micro-manage even more.
Link Posted: 8/16/2007 2:26:24 AM EDT
When I began investing the Dow was at 720 so you don't hear me crying.
Link Posted: 8/16/2007 8:47:45 AM EDT
-307.03 at the moment...

I'm sure the pennies are playing like the lottery right now though...
Link Posted: 8/16/2007 9:20:50 AM EDT
Dance, you sure start a lot of "the sky is falling" threads. Are you just paranoid or are you hoping that all that is depicted in your threads come true?
Link Posted: 8/16/2007 9:23:31 AM EDT
[Last Edit: 8/16/2007 9:26:10 AM EDT by patio87]


"Show of hands, who actually thought the Dow could continue growing at the rate it was, with no correction...?" (screwed up)


Not me, but it was kinda fun, watching all my cyber dollars grow.
Link Posted: 8/16/2007 9:23:43 AM EDT
What's the total # of billions of dollars the Fed has pumped into the market in the last seven days...?

They don't do that because things are going swimmingly!
Link Posted: 8/16/2007 9:30:36 AM EDT
Those people who jumped in when the market was at 10,000- 11,000 are now cashing out. Nothing lasts forever.
Link Posted: 8/16/2007 10:40:29 AM EDT
Link Posted: 8/16/2007 10:41:30 AM EDT
correction that's all
Link Posted: 8/16/2007 11:26:51 AM EDT

Originally Posted By Hawkeye:

Originally Posted By macman37:
What's the total # of billions of dollars the Fed has pumped into the market in the last seven days...?

They don't do that because things are going swimmingly!


Should be somewhere around $81 billion or so, if my figures are correct.


Nice to know that the .gov had that kind of spare change just laying around.


My stomach just churned a bit.
Link Posted: 8/16/2007 11:33:09 AM EDT
But if so many people have no capital gains, WHERE ARE THE DEMOCRATS GONNA GET THEIR TAXS FROM, YOU KNOW THE ONES THAT USED TO COME FROM CAPITAL GAINS?

Link Posted: 8/16/2007 5:52:03 PM EDT
I think it's over 100 billion now, something like 7 billion yesterday and over 40 billion today along with all the other billions from earlier in the week and last week.



Originally Posted By Hawkeye:

Originally Posted By macman37:
What's the total # of billions of dollars the Fed has pumped into the market in the last seven days...?

They don't do that because things are going swimmingly!


Should be somewhere around $81 billion or so, if my figures are correct.


Nice to know that the .gov had that kind of spare change just laying around.
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