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DruulEmpire

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Re: mastert's Dow 9999?
« Reply #210 on: October 14, 2008, 03:26:40 PM »
I'm going to wax existential for one moment --

God, I miss the Nineties, and I never took advantage of them either.  So many big bust stars, and so much Dow boom.  Of course, some of that was the dot-com bubble, but you still had a sense that the world had it figured out.  And I loved Google from day one, I should have bought it.

I'm not saying we'll never see new great things -- but I don't think we'll get to luxuriate in a WAVE like that ever again.  This is looking to be a serious, scrappy century.  When Prince sang about partying like it was 1999, he wasn't kidding.  "By the year 2000 we'll be out of luck, out of time."  The world didn't end, but a chance at relaxing in it did.

All right, back to reality --

The big question is, have we seen the floor?  Last week settled at 8451, and my guess of 7227 was briefly legitimized by a quick intra-day dip below 8000.

If I miss any super-bargains these days, I won't feel too bad, but this IS the time to start thinking about buys.  I guess these days I'm wondering, what's out there which may someday (some decade) take the Dow to 22,222 ... ?
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ChrisR1

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Re: mastert's Dow 9999?
« Reply #211 on: October 14, 2008, 05:10:41 PM »
Quote:

DruulEmpire said:I guess these days I'm wondering, what's out there which may someday (some decade) take the Dow to 22,222 ... ?



It'll get there. And just think what a share of good ole BRK.A will be worth...
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Work, work, work. Hello boys, have a good night's rest, I missed you. - Gov. William J. LePetomane
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pedonbio

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Re: mastert's Dow 9999?
« Reply #212 on: October 15, 2008, 02:54:17 AM »
Quote:

ChrisR1 said:


I don't think the temporary ban on short selling has been lifted yet.



The ban on short sales applied only to 100 or so financial stocks.

Look--Everybody but Bush knows that Chris Cox is a lazy, ignorant, and incompetent ass. He was appointed SEC Director because he had never offended any of Bush's buddies. He has no clue what he's doing, so he just keeps rearranging the deck chairs. Short selling had nothing to do with the current economic crisis.
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ChrisR1

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Re: mastert's Dow 9999?
« Reply #213 on: October 15, 2008, 07:33:46 AM »
I agree, short selling was far from the cause. I'm in the camp with the thoughts that, for a few of the stocks of which it was banned, that actually made the declines worse as there was no short covering on any upturns.
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Work, work, work. Hello boys, have a good night's rest, I missed you. - Gov. William J. LePetomane
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ChrisR1

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Re: mastert's Dow 9999?
« Reply #214 on: October 15, 2008, 05:11:49 PM »
Still plenty of chances to go  bottom hunting  
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Work, work, work. Hello boys, have a good night's rest, I missed you. - Gov. William J. LePetomane
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mofoapoo

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Re: mastert's Dow 9999?
« Reply #215 on: October 16, 2008, 10:50:34 AM »
at least this brought gas prices down.
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AZWolf

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Re: mastert's Dow 9999?
« Reply #216 on: October 18, 2008, 04:06:21 AM »
Quote:

mofoapoo said:
at least this brought gas prices down.



And before long, OPEC will begin whining because they're making less on the only thing they have to offer the world beyond terrorism.  
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Dawn, n.  The time of day when men of reason go to bed.

Pray, v.  To ask that the laws of the universe be annulled in behalf of a single petitioner confessedly unworthy.

          --  Ambrose Bierce, "The Devil's Dictionary"

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ChrisR1

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Re: mastert's Dow 9999?
« Reply #217 on: October 18, 2008, 08:17:59 AM »
They've already planned their Nov. meeting to do just that.
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Work, work, work. Hello boys, have a good night's rest, I missed you. - Gov. William J. LePetomane
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SwitcherX

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Re: mastert's Dow 9999?
« Reply #218 on: October 18, 2008, 04:31:35 PM »
They've already had at least 1 emergency meeting about lowering production.  If people keep pushing the price down, there's nothing they can do about it.  Some traders are saying that it's going to go down to $50 and others are saying it's going to go down to it's usual $20-40 range.
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Switcher X
A.K.A. Tina Fey Eichmann

"Thank you herr professor Tina Fey Eichmann, nuclear brain surgeon and moustache jockey."
-- Mammeister

"SwitcherX, you were always Mammeister's favorite...you bastard."
-- Notty
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pedonbio

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Re: mastert's Dow 9999?
« Reply #219 on: October 18, 2008, 04:58:04 PM »
Quote:

SwitcherX said:
They've already had at least 1 emergency meeting about lowering production.  If people keep pushing the price down, there's nothing they can do about it.  Some traders are saying that it's going to go down to $50 and others are saying it's going to go down to it's usual $20-40 range.



I could go for that.
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AZWolf

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Re: mastert's Dow 9999?
« Reply #220 on: October 21, 2008, 07:47:36 AM »
Quote:

pedonbio said:
Quote:

SwitcherX said:
They've already had at least 1 emergency meeting about lowering production.  If people keep pushing the price down, there's nothing they can do about it.  Some traders are saying that it's going to go down to $50 and others are saying it's going to go down to it's usual $20-40 range.



I could go for that.



Me too.
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Dawn, n.  The time of day when men of reason go to bed.

Pray, v.  To ask that the laws of the universe be annulled in behalf of a single petitioner confessedly unworthy.

          --  Ambrose Bierce, "The Devil's Dictionary"

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DruulEmpire

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Re: mastert's Dow 9999?
« Reply #221 on: October 22, 2008, 04:48:35 PM »
"Let's all hope we are all wealthy and retired by the time this house of cards falters." -- e-mail by a Standard and Poor employee, December 2006.

Golly, guy, was 22 months enough for you?
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Hiram

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Re: mastert's Dow 9999?
« Reply #222 on: October 24, 2008, 08:46:58 AM »
Holy cow, we could be at below 8000 today! eek!
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Q_BE

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Re: mastert's Dow 9999?
« Reply #223 on: October 24, 2008, 11:21:23 AM »
Quote:

SwitcherX said:
They've already had at least 1 emergency meeting about lowering production.  If people keep pushing the price down, there's nothing they can do about it.  Some traders are saying that it's going to go down to $50 and others are saying it's going to go down to it's usual $20-40 range.


1.5 Mil barrels/day reduction, and still the price goes down.

I say, let them try to keep oil prices high. Antipathy will surely spread across the world.

Q-"Take that, Mahmoud Ahmedinejad"-BE
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pedonbio

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Re: mastert's Dow 9999?
« Reply #224 on: October 24, 2008, 03:18:47 PM »
Quote:

ChrisR1 said:
Still plenty of chances to go  bottom hunting  



I'm always up for that!!

 
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Someday, chi1dren, this entire fuck-up will be yours.
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