The DOW is down 222 points today

Not yet. I don't think we're near the bottom yet. All that toxic **** on the books will eventually have to come out. We're still putting off the realization of what that means for US companies.

Cycloptichorn

If you had some way to tell the future... then timing the market would be a very good thing. In absence of a crystal ball, timing the market is a fools game.

If I had extra money to invest, I would be putting it in right now (actually I just upped my paycheck withholding for my 401K). If you want to minimize the risk of missing the exact bottom point, simply dollar cost average your way in.

ebrown, I agree that timing the market is a fool's game, but I'm not a day trader. I'm looking at the macro-economic's trends in the world economy and when I sold the funds. There are other variables in play now with the government's stimulus plan, but I agree with Cyclo that we've still not reached the bottom - or even near bottom.

Your "averaging" is a good idea if one is still working, but I've been retired since 1998.

When I see stuff like this on CNBC -



And think of the implications, I think we're still in for a lot of uncertainty and trouble ahead.

Cycloptichorn

Now is the time to buy. It'll never get below 6500. (remember, free advice is worth what you pay for it, NOTHING)

I thought 6900 was the bottom line, and rather was joking about it - not realizing that it became bitter reality. Like Latin-George once said: "My retirement plan is dying at the desk!" - I will join him!

Thanks for the "nothing" advise. LOL

With the trend in our economy; more job losses and business bankruptcies, we're still headed downwards. The 64-thousand dollar question is what will be the "near bottom" of this market?

Isn't that more like the 64 hundred dollar question?

It might become the .64c question.

Headline from a web article today:

I retired in 1998; must have thought we had enough savings to last us comfortably for the remainder of our lives.

Many are still "selling" out at one of the lowest markets; people never learn the simple rule about buying low and selling high.

Well, they are afraid of losing the last 20% they have in many of these companies...

Still, I agree. There are price points for several stocks I'm watching right now that look very tasty.

Cycloptichorn

Thzat's what you left wing morons got for voting for a Socialist. Most of you are hard heads and do not understand that Obama is dejavu---FDR. Read about FDR and the depression that did not recover until World War II>

Maybe Obama can save us when Iran attacks Israel and we HAVE to go to the aid of Israel. I am sure that the ingenous Obama can find a rationale.

Prediction--Dow Jones BELOWa 6,000 BY THE END OF MARCH.

Then the left wing can stick their fingers in their mouths and break up their furniture for heat if it is still cold in their areas.

What a bunch of loonies!!! You voted for an unknown quantity( we in Illinois know that he is a fraud ) and now you will reap the results. Just wait until the 401K reports come out after the first quarter.

Some( even the left) will say--WE DIDN'T KNOW THAT CHANGE MEANT OUR LIFE SAVINGS WOULD BE PRACTICALLY WIPED OUT!!

And Obama, so eager to pass his legislation bad mouthed the economy for months. Way to go-Barack-way to go!

If you wait until the market hits 1,000, then begin to buy. But that will take a long time as it did in the 1930's. There will be no quick recovery UNLESS Obama is kicked out of where he never belonged in the first place and some conservative President can begin to fix the economy by giving the true catalysts of the economy room to make investments and start businesses. The Socialist Obama will never do that!

Another useless post by genoves the idiot.

Just a thought with about 1.5 hours of trading left today. Maybe with AIG writing off 61 billion of their bad assets, maybe the stock market will bounce into positive territory today. Crazier things have happened. LOL

24 Trillion?

Would that not be 240 million mortgages at 1M per?

Is it getting to the point that either we have the dumbest MF'ers on the planet running Banks or something else is really going on and mortgages are the excuse?

Reply report Mon 2 Mar, 2009 12:54 pm Re: cicerone imposter (Post 3587938)
Thzat's what you left wing morons got for voting for a Socialist. Most of you are hard heads and do not understand that Obama is dejavu---FDR. Read about FDR and the depression that did not recover until World War II>

Maybe Obama can save us when Iran attacks Israel and we HAVE to go to the aid of Israel. I am sure that the ingenous Obama can find a rationale.

Prediction--Dow Jones BELOWa 6,000 BY THE END OF MARCH.

Then the left wing can stick their fingers in their mouths and break up their furniture for heat if it is still cold in their areas.

What a bunch of loonies!!! You voted for an unknown quantity( we in Illinois know that he is a fraud ) and now you will reap the results. Just wait until the 401K reports come out after the first quarter.

Some( even the left) will say--WE DIDN'T KNOW THAT CHANGE MEANT OUR LIFE SAVINGS WOULD BE PRACTICALLY WIPED OUT!!

And Obama, so eager to pass his legislation bad mouthed the economy for months. Way to go-Barack-way to go!