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  1. 01-21-2008, 11:32 PM #1
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    Any one else watching the stock markets right now?

    Look at all these world indexes. US market has been closed because of MLK day.

    http://money.cnn.com/data/world_markets/index.html

    http://money.cnn.com/data/premarket/index.html

    FTSE 100 -323.50 -5.48% 5,578.20
    XETRA-DAX -523.98 -7.16% 6,790.19
    CAC 40 -347.95 -6.83% 4,744.45
    HANG SENG -1,914.73 -8.04% 21,904.13
    NIKKEI 225 -500.47 -3.76% 12,825.47

    India's market plunged 11% in the first 2 minutes of trading and has been halted.
    http://www.marketwatch.com/news/stor...&dist=hplatest

    Tomorrow is going to be interesting.
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  2. 01-21-2008, 11:52 PM #2
    Kale
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    Sadly I am, I have lost 250k in the last 4 weeks, but its only a loss if I sell. Been through it all before a couple of times. Time to sit back, relax and watch the shit hit the fan. The stocks will all come back eventually
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  3. 01-22-2008, 12:33 AM #3
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    What sector are you in or are you diversified? What are your major holdings right now? Luckily I got out of my fund when the Dow was at like 13975.
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  4. 01-22-2008, 12:50 AM #4
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    i'm looking to buy some cheap shares soon
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  5. 01-22-2008, 01:14 AM #5
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    The markets have a way of making everyone look stupid sometimes..

    So I would not write off a positive day on the U.S Exchanges tmrw.. our write-offs have already been priced in..

    that said..
    I'm glad I'm all cash right now
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  6. 01-22-2008, 09:51 AM #6
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    Pooks, you called it! Surprise rate cute. I made 17% on my account this morning.
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  7. 01-22-2008, 09:54 AM #7
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    looks like hard times to come...

    DJI is down 175 points 11am et. Yikes.
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  8. 01-22-2008, 09:59 AM #8
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    oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending
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  9. 01-22-2008, 10:00 AM #9
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    Quote Originally Posted by Johny-too-small View Post
    looks like hard times to come...

    DJI is down 175 points 11am et. Yikes.

    its eased up a bit it was down almost 300 earlier this morning
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  10. 01-22-2008, 10:12 AM #10
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    Quote Originally Posted by longhorn814 View Post
    its eased up a bit it was down almost 300 earlier this morning
    wow. I saw the futures yesterday down 500+. Thank god is not that bad, yet.
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  11. 01-22-2008, 10:12 AM #11
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    Quote Originally Posted by soulstealer View Post
    oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending
    I wish I had money for a down payment right now. I think the next few years will be a great time to buy.
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  12. 01-22-2008, 10:21 AM #12
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    Don't panic .... people lose a fortune and sometimes their lives if they panic!!
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  13. 01-22-2008, 10:25 AM #13
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    Quote Originally Posted by Kale View Post
    Sadly I am, I have lost 250k in the last 4 weeks, but its only a loss if I sell. Been through it all before a couple of times. Time to sit back, relax and watch the shit hit the fan. The stocks will all come back eventually
    Oh to have a spare 250k to lose!!!
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  14. 01-22-2008, 03:35 PM #14
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    Quote Originally Posted by suprman09 View Post
    I wish I had money for a down payment right now. I think the next few years will be a great time to buy.
    If you go at it the right way you can do it without anymoney down....
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  15. 01-23-2008, 12:14 PM #15
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    I will be starting my job in July then I will hopefully be able to buy some time in the near future. The Dow is almost down 300 points right now. How low do you guys think it will go?
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  16. 01-23-2008, 12:50 PM #16
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    Quote Originally Posted by paulzane View Post
    Don't panic .... people lose a fortune and sometimes their lives if they panic!!
    That’s easier said than done! In times like these when you see your investments in a volatile state your first instinct is to pull out and sell.. For the past couple of days ive been down hundreds!

    As a relatively new investor I am not used to this.. What are everyones thoughts/suggestions?? Try to remain patient and wait to see what happens or sell out when one cannot afford to lose anymore??
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  17. 01-23-2008, 01:00 PM #17
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    Quote Originally Posted by soulstealer View Post
    If you go at it the right way you can do it without anymoney down....
    By all means, educate a man why don't you.
    ***No source checks!!!***
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  18. 01-23-2008, 03:20 PM #18
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    wtf?

    DJI was at -300 this morning, then ends at +300. Thats a shat load of trading.
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  19. 01-23-2008, 05:34 PM #19
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    I'd rather watch paint dry.
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  20. 01-23-2008, 07:02 PM #20
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    Quote Originally Posted by DSM4Life View Post
    I'd rather watch paint dry.
    you should try grass growing
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  21. 01-23-2008, 07:02 PM #21
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    Quote Originally Posted by soulstealer View Post
    oddly enough its the best thing that could possibly happen for my business right now.... in residential mortgage lending

    commercial mortgages here...how are you making out in this market??

    i know a few residential guys closed up their own shops and started working commercial with my company
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  22. 01-23-2008, 07:28 PM #22
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    Quote Originally Posted by Johny-too-small View Post
    wow. I saw the futures yesterday down 500+. Thank god is not that bad, yet.
    rofl....i was doin cardio watchin the futures and i was freaking the **** out lol
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  23. 01-23-2008, 07:40 PM #23
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    I'm glad the market is taking such a huge shit...Hopefully the dollar plummits and inflation becomes out of control. Then we can finally indicte the Federal Reserve Bank and all its members and shareholders and send them to jail for life. You know, at one time it was a crime punishable by death to intentionally debase the American currency, and I think with 7 million people close to losing their homes, that would be a fitting punishment for these individuals. Collusion, Conspiracy, Fraud, man the list of charges would be great....

    Of coure when the dollar plummits, which I predict will happen within 2008, they will use this as a perfect catalyst to try and implement the Amero. My hopes are that before they offer such a solution, we can nail the Federal Reserve's ass to the ****ing wall and see all its members tucked away nicely in REAL Federal prisons.
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  24. 01-24-2008, 09:52 AM #24
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    Quote Originally Posted by thegodfather View Post
    I'm glad the market is taking such a huge shit...Hopefully the dollar plummits and inflation becomes out of control. Then we can finally indicte the Federal Reserve Bank and all its members and shareholders and send them to jail for life. You know, at one time it was a crime punishable by death to intentionally debase the American currency, and I think with 7 million people close to losing their homes, that would be a fitting punishment for these individuals. Collusion, Conspiracy, Fraud, man the list of charges would be great....

    Of coure when the dollar plummits, which I predict will happen within 2008, they will use this as a perfect catalyst to try and implement the Amero. My hopes are that before they offer such a solution, we can nail the Federal Reserve's ass to the ****ing wall and see all its members tucked away nicely in REAL Federal prisons.
    i love reading your posts, thanks for educating me on these issues
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  25. 01-24-2008, 11:29 AM #25
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    Quote Originally Posted by muriloninja View Post
    By all means, educate a man why don't you.
    First of all you can qualify for all kinds of government down payment assistance programs depending on your income plus a sellers concession can be used for closing costs and such... all you really need is to have a decent job.... somekind of assets be it a 401k IRA or just a savings or money market acct with a few thousand, decent credit and a good mortgage banker
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  26. 01-24-2008, 11:32 AM #26
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    Quote Originally Posted by -DedicateD- View Post
    commercial mortgages here...how are you making out in this market??

    i know a few residential guys closed up their own shops and started working commercial with my company
    Ya people are definately going out of business... you just have to roll with the punches and find a few good banks all my efforts also directed at Fannie mae loans as they are the only thing worth any of your time in todays market... but I'm doing ok..... been able to generate much larger loans... on average 350-400k.... so even if I'm only doing 1-2 a month I make out pretty well...since my average gross is 3.2 points per loan
    Last edited by soulstealer; 01-24-2008 at 04:50 PM.
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