Dow Closes below 8000

[Flag Guy]

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

 

[jaretac]

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.

 

[BryceC]

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?

 

[HILLCYD]

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.

 

[jaretac]

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?

I think it peaked way higher then that- I thought is was like 15k.

 

[thunderdave]

Re: Dow Drops below 8000

closed at 7997.28

 

[HILLCYD]

Re: Dow Drops below 8000

I think it peaked way higher then that- I thought is was like 15k.

14,164 or something like that.

 

[BryceC]

Re: Dow Drops below 8000

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.

 

[jamesfnb]

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.........

 

[isuno1fan]

Re: Dow Drops below 8000

Alright!

 

[Cyclonepride]

Re: Dow Drops below 8000

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

 

[HILLCYD]

Re: Dow Drops below 8000

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.

 

[bos]

Re: Dow Drops below 8000

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

 

[Flag Guy]

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.

I wish I had the money to do that :no:

 

[TykeClone]

Re: Dow Drops below 8000

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.

 

[jdoggivjc]

Re: Dow Drops below 8000

It's the end of the world as we know it... and I feel fine!

 

[dustinal]

Re: Dow Drops below 8000

I wish I had the money to do that :no:

It doesn't take much. Find yourself a financial advisor and start putting $50 or a $100 a month into a mutual fund. You'll be happy you did it in the long run. I work with Ameriprise--just met with my advisor today, in fact.

 

[DanCyn]

I personally don't think it's bottomed yet. Still too much uncertainty about the bailout details and the proposed bailout of the auto industry. But it's got to be getting close. I think Friday will be a key day - we'll see who's willing to hold on to positions over the weekend.

 

[ianoconnor]

Re: Dow Drops below 8000

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

That is idiotic. Whoever is managing that endowment should be fired (if they aren't already).

 

[bos]

Re: Dow Drops below 8000

That is idiotic. Whoever is managing that endowment should be fired (if they aren't already).

Yeah well, I wont go into it on here, but you are right. Highly political around these parts with that president.