Stocks Down 366

[TPC]

I think the chance of recession is bigger than predicted.

The pundits are now saying the credit and dropping housing value crunch will be around for 18 to 24 months plus.

 

[Baja Big Dog]

There gonna shut it down at 400....

 

[UltraLucky]

I have been hearing no turn around untill 2nd Quater of 09' from exec's in the housing Industry. That was there quess as of last May.

 

[TPC]

Almost a trillion in sub-prime loans in question, and new car repos are supposed to hit a new high too according to CNBC.

 

[DeltaSigBoater]

:swear:smackhead

 

[Scott E]

2% drop...that's nothing...

 

[Angry Inch]

Time to buy.

 

[DeltaSigBoater]

Time to buy.

I'd hold out a little longer :hmm

 

[Flyinbowtie]

I don't think things are going to get much better before they get much worse. The credit crunch and fuel prices have yet to have their max impact on things, and until they do, and the economy absorbs those impacts, we have not touched bottom.
I am usually an optomist on this stuff, but not anymore.
No one is driving the bus. Our esteemed elected officals are too busy trying beat the crap out of each other, while constantly running for re-election that they fail to pay attention to the needs of the country.
The Emporer Has No Clothes.

 

[Angry Inch]

I do a "dollar cost averaging" type deal through the dips, on top of my regular monthly buy in, on my brokerage account. I wish I could do the same on my 403(b). What I really need to do is start a ROTH as well, then treat it like my brokerage: auto add every month and throw some extra at it durring the dips; then, at the end of the year, toss in the difference to make the maximum contribution.

 

[Flyinbowtie]

When I was still working (now retired, disabled) I had a CALPERS 457b account; with the weight of the $$$ of CALPERS, we could buy into funds piecemeal. I was dropping a good chunk into it bi-monthly, over the 25 years it worked sorta like DCA.
I moved the $ into more stable funds when I stopped working, because I can no longer add to the account.
It changes yer perspective...can't take the $ until I am 59 1/2 either.
10 years to ride along...:hmm

 

[Mandelon]

The stock market does this. Its normal 3 steps forward 2 steps back. companies are making money even if consumers aren't.

Investment money has to go somewhere. Its not going to be real estate so it will be going into the stock market. There is so much money waiting to buy in, things will have to go up. Stay in sectors that are more stable....energy, pharmacological, medical, food, and maybe in asia or european funds as well. Buffet made a few billion in Chinese oil this week....

Things could get ugly, but will most likely just putter along. I'd stay out of the stocks that are in optional items though...The things folks can do without...new cars, travel, RV's and harleys.....I think people are gonna have to batten down the hatches when gas is going to head closer to $4.00 a gallon..... But everyone needs there medical care, their pills and viagra, insulin....milk and food. Oil companies, and maybe some gold as a hedge...the dollar is only going to get weaker...