Bottom just fell out...

[pietistic]

of the market... ;)

[setterp]

My god, it certainly did. 8O Hope everybody has some dry powder still.........

[englishman26]

Oh cr*p . . . :cry:

[setterp]

Looks like Cramer might have to eat crow again, after last nights call, just like after his call on friday's rally (We have reached the bottom, this is what the bottom looks like he says). The bears really have it in for us right now..... ouch, maybe it's time to join Boyahoooooooo's camp, he and his bearish friends sure have made alot more correct calls as of late. :roll: When will this madness end?

[jacobnbr1]

the only reason i never went bearish in the past was they say " when everyone is bearish the bottom is then set" and then stocks rise. well phooie in that this time, it is time i became a bear and seen how it all worked. :lol:

[setterp]

Wow things are really starting to get hairy on the street. Hard helmet strapped, ready for crash landing Cap'n Boyahoooooo


DJIA down 108 and falling............. 8O 8O 8O Ugly Ugly Ugly

[setterp]

Holy mackeral down 140................ Paddles, CLEAR, no pulse!!!!!

Now we're down 160, I surrender, no more please no more. :cry: :cry:

[paydabill]

Not over yet, I could see it go down to 150 before in the last half hour. I think we are far from the bottom. Cramer has to rethink what a bottom looks lie .....it just hit 157

[MarginReaper]

the market is going, "I think I can, I think I can....nah to hell with it I'm quiting."

[jacobnbr1]

yea... i wonder what ol cramie will say tonight? maybe he will say i am sorry that i provoked you to buy today when the market rallied. here is my free book to you as i am sorry :lol: make sure you stay with cramer :mrgreen:

[paydabill]

I think instead osaying there is a bull market out there somewhere, He is really thinking there is a new group of poeple who will listen to me out there somewhere.

His base line ideas are wrong, but I think he is speculating way too mcuh. BTW GOOG just hit 330.00. I guess I am glad i listen to him about GOOG when it dropped to $274.

[optimus25]

Not all stocks were down today. I became bearish a couple months too early but I do believe that a bottom isn't reached until everyone has lost hope. Not sure when that will be but you don't want to buy into a rally that'll just lead to another downtrend the next day. Lets be patient if you have long positions in the best of breeds and try to find good entry points.

Look for stocks with double digit ROE's and year of year double digit earnings growth. PE multiples are getting better and better each day.

I'm hoping stocks go down a little lower so that I can buy more great stocks.

[Damon]

Not all stocks, but my portfolio and watch list were a nice shade of red today. But I'm still young and not retiring anytime soon, so my outlook is "the worse it gets, the better the buying opportunities".

I can't wait to see Cramer's show tonight. Maybe he can title it, "The Apology Show, Part 2".

[axb8000]

of the market... ;)

hahaha. I have just have to laugh at a time like this. :lol:

[setterp]

But I'm still young and not retiring anytime soon, so my outlook is "the worse it gets, the better the buying opportunities".


I share this same perspective Damon. I'm almost looking forward to another day of carnage, so that I can take advantage of the bear sentiment in lowered share prices.

Really the only people that get destroyed in bear markets like this are the people that panic, jump ship and sell short, only to buy the next day on the short bounce, only to lose it all the next day again on panic. Such a vicious cycle for those that get caught in the panic and chase mode like Boyahoooo has been pointing out.

I'm in for the long haul, and welcome the oppurtunity to pick up quality stocks at rock bottom. So, although it's easy to get bent out of shape about a day like today, it's much more beneficial to one's portfolio to see the oppurtunities that a market like this offers. The key here is to manage your capital in such a way that you have free-cash to benefit when the eventual upturn comes.

Just my 2 cents.

[jacobnbr1]

yall need to read a book called " secrets for profiting in bull and bear markets by stan weinstein" iknow. i know. " i have read books and i dont pick much up from them" this book will reteach your brain to be more open to patterns and clearly identify when you are getting ready to receive a sucker punch from somone like booyahoo :lol: i gurantee this book teaches you somthing, in fact i will be glad to see the post that says " who recomended me to buy that book? to thank that person greatly for passing a gold nugget. i have a copy and it is worth thousands of dollars to me. it was published in 1989 and you cant find them anywhere, so look for a copy and keep it like a bible. i found mine on ebay and i think i paid around 20.00 usd. :D

[ki klempa]

I do not invest/trade on a daily basis, I try to pick my buy days and sell days., well yesterday was a sell, now today is a buy, I believe the bottom is still yet to come.

Too many people are focusing on the oil/gas/avian flu/hurricanes, and it panicks people, too much to focus on.... I take profits when I can to build up cash to have on hand in case of emergency...

my 2 cents only - don't shot the messenger

Kim

[jacobnbr1]

i am telling you to read the book to identify where the stock is and when to sell, when to buy and when to hold. there is a series of things that happen to a stock based on tech anaysis and if you dont know what they are you will just loose yo $$$$$. trust in thee and you will prosper :D