Oh my god: DJI in the 7k's

[YedaAnna]

Dow Jones has sunk into the 7000s. There is a lot of volatility right now. Ok, it's come back up to 8150. But still down 400 points. Sit tight and do NOT sell right now. It's going to improve. Selling now would mean certain losses.


All the best.

[Zorro]

Bhai mere, maine kuch dino se dekhna bandh kiya hai. Hoping that it will go away soon. However, like you say we all have to sit tight and try to enjoy the ride.

One thing for sure, if economy continues like this McCain is f ucked.

[YedaAnna]

thank goodness, i didnt do any 401k. o/w i'd be having sleepless nights right now. these are 2003 levels. WTF? are we really this fucked or it's just plain fear?

[santra]

Originally Posted by YedaAnna

thank goodness, i didnt do any 401k. o/w i'd be having sleepless nights right now. these are 2003 levels. WTF? are we really this fucked or it's just plain fear?

It's more of fear reaction. and automatic trade coming in picture for people with margin accounts. Looking at the market behaving , we might be 1-2 seesions away from 7K. Hang tight.

[YedaAnna]

what do i say here?

Check this out

[santra]

Originally Posted by YedaAnna

what do i say here?

Check this out

Imagine, how intraday volatilityy index for today will look like.

[santra]

Some humour in these times

'I want to warn people from Nigeria who might be watching our show, if you get any e-mails from Washington asking for money, it's a scam. Don't fall for it' — Jay Leno

'Do you have any idea how cheap stocks are now? Wall Street is now being called Wal-Mart Street' — Jay Leno