Are we headed for an epic bear market?

[TooFarTampa]

If it makes you feel any better, PawPaw is still paying to rent a touchtone phone from the phone company. He thinks it is funny.

Deep breaths.

Thanks. She's still busy at work and saving her Social Security payments, so overall, she is doing just fine and feeling very fortunate.

 

[Miss Kitty]

Thanks. She's still busy at work and saving her Social Security payments, so overall, she is doing just fine and feeling very fortunate.

My friend, I consider us both lucky children.

 

[TooFarTampa]

My friend, I consider us both lucky children.

So very true!

 

[SHELLY]

Oh I just saw this. TFT's mom did NOT follow through on the stop-loss plan. Months ago I tried to get her to plan to sell a big chunk at $75, and then more if it dropped to $65. She agreed on the $75 stop-loss, but she did not commit to how much to sell, said she was going to meet with a new financial planner first (who would of course tell her the same thing). Did not meet with the planner, did not execute the order, and I've stopped bringing it up.

Oh shoot!

Hats off to you TFT for making an excellent call and being on top of the market.

You're right about letting the subject go...at least Mom has still got the dividends coming in

.

 

[goofer]

http://www.nytimes.com/2008/10/17/opinion/17buffett.html

In today's NY TIMES. Not bad advice from the greatest investor of all time.

 

[AAbsolute]

http://www.nytimes.com/2008/10/17/opinion/17buffett.html

In today's NY TIMES. Not bad advice from the greatest investor of all time.

Didn't Buffett only put 1% of his personal cash into this theory today?

 

[traderx]

I cannot believe that Buffet used the word "market". He is known to be a market agnostic.

I heard that Circuit City had gotten pounded. It closed today at 0.39. Kinda hard to believe.

 

[AAbsolute]

Hang in there, Clint. Worst Worst Worst case is :

SPX 945 closed 1106

DJII 8400 closed 10365

Who knows , we may be there by Thursday !!!!!!

Has anyone noticed that the market seems to be pegged to Goofer's prediction? It's been volatile for sure, but so far it seems to be on a short leash circling that post.

I saw Goofer reading Barron's one Sunday.

 

[traderx]

Has anyone noticed that the market seems to be pegged to Goofer's prediction? It's been volatile for sure, but so far it seems to be on a short leash circling that post.

I saw Goofer reading Barron's one Sunday.

The Dow hit a low of 7,552 a few weeks ago. I don't believe that low will hold. The market is trying too hard to put its best foot forward and probably is a sign of the nervous nellies. Over the next year, I think we will see some stock market lows that will rattle investors. Bernanke is very nervous. That makes me nervous. Hard times to come...

 

[30ashopper]

The Dow hit a low of 7,552 a few weeks ago. I don't believe that low will hold. The market is trying too hard to put its best foot forward and probably is a sign of the nervous nellies. Over the next year, I think we will see some stock market lows that will rattle investors. Bernanke is very nervous. That makes me nervous. Hard times to come...

I agree, the sell off is far from over. I'd say S&P 500 lows of around 500. We'll probaby pass through that level a few times over the next six months to a year. Revised lower earnings for 2009 arent baked into this thing yet.