Dow tumbles more than 500 points as Wall Street selloff accelerates.

Pred · 02-27-2007, 02:17 PM

Awww man.... My 401k is going to take a beating tonight.

SKS NOOB · 02-27-2007, 02:43 PM

Quote:

Originally Posted by Pred

Awww man.... My 401k is going to take a beating tonight.

THen go get yer 1911A1 and shoot at yer 401k until yer #2H falls off

Oxford · 02-27-2007, 04:41 PM

That's just another reason to get your portfolio of investments diversified. Stocks are naturally gonna go up and down, so if you've done your homework, now's an excellent time to buy more.

Deersniper · 02-27-2007, 04:50 PM

They aren't talking about the cause. China sold off some dollars. They own trillions. Wonder who owns us now? You will see more of this. Precious metals are in. Stock up.

Oxford · 02-27-2007, 09:21 PM

If we only owned all the gold in Fort Knox.........

CrazyIvan · 02-27-2007, 09:34 PM

Whoo! We got a great economy goin here! WHOOO! "Oh, what's that Mr. Bush?"

Casull · 02-28-2007, 01:22 AM

Quote:

Whoo! We got a great economy goin here! WHOOO! "Oh, what's that Mr. Bush?"

That's just lame Ivan. You didn't give him credit when the DOW climbed 5000 points on his watch (from its post 9-11 lows), but you're going to blame him when it drops 500.

Pred · 02-28-2007, 06:23 AM

By god I'm blaming somebody. I just looked at my 401K this morning, and I think I'm going to be sick.

Casull · 02-28-2007, 08:39 AM

Pred, how much of your 401K was bought at lower prices? I'll bet that your worries over your "losses" are unfounded. Most people complain of losses when they have substantial gains. It's just that the gains aren't as high as their "paper gains" were a few days prior. Unless of course all of your 401K contributions were made when the market was at its peak, but that is doubtful.

Rave · 02-28-2007, 08:48 AM

As high as the Dow has climbed,these losses are a drop in the bucket,don't mean a thing to the big guys,on the other hand the little guys get a bit rattled,hang in,it's gonna go back up higher than ever!
I'll bet that before it's over it will hit 15,000!

Pred · 02-28-2007, 09:01 AM

Well, Casull, most people don't like to drop $700+ overnight. Would you? True, I did end last year up 20%, and even with the drop last night I'm still up 3%. But still, who won't complain about losing money?

CrazyIvan · 02-28-2007, 09:03 AM

Quote:

Originally Posted by Casull

That's just lame Ivan. You didn't give him credit when the DOW climbed 5000 points on his watch (from its post 9-11 lows), but you're going to blame him when it drops 500.

I didn't blame him when it went high, your right on that point. But, he SURE gave himself credit for it....

ruger22com · 02-28-2007, 04:21 PM

all my mutuals only dropped half the way to the point they dropped a few months ago....its called a correction...and will happen again....don't pay attention...over the long haul the market is still the best place to put your savings as long as you don't fall for the buy and sell games and just let them sit. over 5 years, mine (invested in european stock funds) have gained 12% a year....no way can a cd even get near that.....they have taken a couple big drops, and always recovered....that is just the nature of the beast.

troylaplante · 02-28-2007, 07:23 PM

Quote:

Originally Posted by Pred

Well, Casull, most people don't like to drop $700+ overnight.

My 401(k) went down about $2000.

Beer Forever · 02-28-2007, 08:08 PM

Down $1000

wolverine · 03-01-2007, 07:13 AM

market corretions are normal guys. yes our retirement platforms take a beating for short term. The asian markets are revounding so look for the dow to pop back up in the next couple days

SW

Rufus Rhastus J · 03-01-2007, 07:52 AM

Quote:

Originally Posted by Pred

Awww man.... My 401k is going to take a beating tonight.

mine, too!

02-27-2007, 02:17 PM	#1
Pred Banned Join Date: Aug 2005 Location: Kentucky Posts: 3,873 Blog Entries: 3	Dow tumbles more than 500 points as Wall Street selloff accelerates. Awww man.... My 401k is going to take a beating tonight.

02-27-2007, 04:41 PM	#3
Oxford Super Moderator Join Date: Mar 2002 Location: Gladstone, Missouri Posts: 13,023 Blog Entries: 4	That's just another reason to get your portfolio of investments diversified. Stocks are naturally gonna go up and down, so if you've done your homework, now's an excellent time to buy more. __________________ "If it's worth doing, it's worth doing right".

02-27-2007, 04:50 PM	#4
Deersniper Senior Member Join Date: Mar 2006 Posts: 1,690	Selloff They aren't talking about the cause. China sold off some dollars. They own trillions. Wonder who owns us now? You will see more of this. Precious metals are in. Stock up.

02-27-2007, 09:21 PM	#5
Oxford Super Moderator Join Date: Mar 2002 Location: Gladstone, Missouri Posts: 13,023 Blog Entries: 4	If we only owned all the gold in Fort Knox......... __________________ "If it's worth doing, it's worth doing right".

02-27-2007, 09:34 PM	#6
CrazyIvan Senior Member Join Date: Sep 2006 Location: Englewood, CO Posts: 2,361	Whoo! We got a great economy goin here! WHOOO! "Oh, what's that Mr. Bush?" __________________ "Minimum wage, minimum effort." "Never underestimate the power of stupidity." ~Me

02-28-2007, 06:23 AM	#8
Pred Banned Join Date: Aug 2005 Location: Kentucky Posts: 3,873 Blog Entries: 3	By god I'm blaming somebody. I just looked at my 401K this morning, and I think I'm going to be sick.

02-28-2007, 08:39 AM	#9
Casull Senior Member Join Date: Oct 2006 Posts: 256	Pred, how much of your 401K was bought at lower prices? I'll bet that your worries over your "losses" are unfounded. Most people complain of losses when they have substantial gains. It's just that the gains aren't as high as their "paper gains" were a few days prior. Unless of course all of your 401K contributions were made when the market was at its peak, but that is doubtful.

02-28-2007, 08:48 AM	#10
Rave Senior Member Join Date: Mar 2002 Location: Tampa Posts: 6,877	As high as the Dow has climbed,these losses are a drop in the bucket,don't mean a thing to the big guys,on the other hand the little guys get a bit rattled,hang in,it's gonna go back up higher than ever! I'll bet that before it's over it will hit 15,000!

02-28-2007, 09:01 AM	#11
Pred Banned Join Date: Aug 2005 Location: Kentucky Posts: 3,873 Blog Entries: 3	Well, Casull, most people don't like to drop $700+ overnight. Would you? True, I did end last year up 20%, and even with the drop last night I'm still up 3%. But still, who won't complain about losing money?

02-28-2007, 04:21 PM	#13
ruger22com Senior Member Join Date: Apr 2004 Location: Mobile Alabama Posts: 723	all my mutuals only dropped half the way to the point they dropped a few months ago....its called a correction...and will happen again....don't pay attention...over the long haul the market is still the best place to put your savings as long as you don't fall for the buy and sell games and just let them sit. over 5 years, mine (invested in european stock funds) have gained 12% a year....no way can a cd even get near that.....they have taken a couple big drops, and always recovered....that is just the nature of the beast. __________________ www.CheapGunParts.com http://ruger22.com/art/banners/tiny.gif Home of the "YELLOW JACKET" Bolt Buffer and Takedown Bolts! Free Shipping & Lifetime Warranty!

02-28-2007, 08:08 PM	#15
Beer Forever Senior Member Join Date: Dec 2005 Location: Tucson, AZ Posts: 2,714	Down $1000 __________________ Paramedic sks forever

03-01-2007, 07:13 AM	#16
wolverine Senior Member Join Date: Jun 2006 Posts: 132	market corretions are normal guys. yes our retirement platforms take a beating for short term. The asian markets are revounding so look for the dow to pop back up in the next couple days SW __________________ http://snfwtp.blogspot.com/