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  1. #1
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    Dow Closes below 8000

    I tried to find the thread from a while back asking which would happen first but...


    CNN is reporting the Dow drops below 8000 at the closing bell


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    Re: Dow Drops below 8000

    The economy is in bad shape-

    I even heard that they suspended Money-

    I guess I should burn that twenty.



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    Re: Dow Drops below 8000

    I'm not a big stock guy but what was it's peak? Wasn't it like 12k? Or am I way off there?



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    Re: Dow Drops below 8000

    If you have money, start buying. There are bargains out there that will never been seen again.

    Find solid companies with low P/E's that offer dividends and you can't lose in the long term.



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    Re: Dow Drops below 8000

    Quote Originally Posted by BryceC View Post
    I'm not a big stock guy but what was it's peak? Wasn't it like 12k? Or am I way off there?
    I think it peaked way higher then that- I thought is was like 15k.



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    Re: Dow Drops below 8000

    closed at 7997.28



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    Re: Dow Drops below 8000

    Quote Originally Posted by jaretac View Post
    I think it peaked way higher then that- I thought is was like 15k.
    14,164 or something like that.



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    Re: Dow Drops below 8000

    Quote Originally Posted by cys_av8r View Post
    14,164 or something like that.
    When was that? I mean if you look at it that's like a near 50% decrease in wealth. That's astounding.



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    Cool Re: Dow Drops below 8000

    I think it peaked close to 14K about 13 months ago.

    If you have any cash at all I say buy buy buy!!! Unbelievable bargains right now. If you have a 401K put 100% allocation in stocks and up your contribution level....you will thank yourself 5 - 10 years from now.........


    King James

  10. #10
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    Re: Dow Drops below 8000

    Alright!



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    Re: Dow Drops below 8000

    Yikes........it will be interesting/scary to see if it jumps again tomorrow, or the bottom falls out.



  12. #12
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    Re: Dow Drops below 8000

    Quote Originally Posted by BryceC View Post
    When was that? I mean if you look at it that's like a near 50% decrease in wealth. That's astounding.
    2006-2007 time frame.



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    Re: Dow Drops below 8000

    Hmm, a certain local University here had 100% of their endowment in stocks. Bet they are sweating a little.



  14. #14
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    Re: Dow Drops below 8000

    Quote Originally Posted by cys_av8r View Post
    If you have money, start buying. There are bargains out there that will never been seen again.

    Find solid companies with low P/E's that offer dividends and you can't lose in the long term.

    I wish I had the money to do that


    Oh we will fight, fight, fight for Iowa State,
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  15. #15
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    Re: Dow Drops below 8000

    Quote Originally Posted by bostinelosd View Post
    Hmm, a certain local University here had 100% of their endowment in stocks. Bet they are sweating a little.
    Harvard?

    They are sweating. I saw a letter sent out to their alumni talking about how it's affecting what undergraduates will have to pay for tuition.



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