anyone else getting scared shitless about the market?

[RuhlFreak55]

Starbucks to cut up to 12,000 jobs, close 600 stores

However stocks rose to $16.35 in after hours trading, up 4.7 percent from its close of $15.62 on Nasdaq.

starbucks has over reached on the growth front......so them acknowledging that and making efforts to correct would make the stock go up.....and that guy that began the company recently took it back over to fix all the issues they've been having......i think they're poised for a comeback......however i'm not brave enough to buy any consumer stock at the moment.....

[FallenWyvern]

I just sold a large portion of my mutual shares and placed them into a cd.. Dont want to deal with this shitty market for now..

buy high/sell low strategy?



"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
Warren Buffett

[D-Bo Dre]

buy high/sell low strategy?



"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
Warren Buffett

Totally agree... That’s why it was such a difficult decision to make... It's just my current financial state that could not bear the market's volatility.. I'm still a college student so I was pretty much investing what little I had left of my savings... I guess we will only see if it was the right move

[B.E.N.]

More good news...

http://www.foxnews.com/story/0,2933,374602,00.html

Bomb him too!

[Prada]

When buying stocks or creating a portfolio you have to diversify. This creates a lower risk and your portfolio can absorb certain turbulent times. Mutual Funds are best for people who who arent stock brokers.......to many individuals think they are.

[Ernst]

Cut your losses with Ford. I can't believe you bought that. Go buy some Qualcomm on the NASDAQ. They're MAKING money.

[Voice of Reason]

I'm happy with my Roth IRA I should retire very nicely...

[RuhlFreak55]

Cut your losses with Ford. I can't believe you bought that. Go buy some Qualcomm on the NASDAQ. They're MAKING money.

i bought it down here, i think it can bounce up into the 6s

[SVTmuscle]

Starbucks to cut up to 12,000 jobs, close 600 stores

However stocks rose to $16.35 in after hours trading, up 4.7 percent from its close of $15.62 on Nasdaq.

Believe it or not, performance like that does not necessarly have a negative effect on their stock prices. The main thing that changes stock price is trade volume and cash flow

[TJM7275]

Well as a former Stockbroker, I love it when the market drops. i invest for the long haul and keep my portfolio filled with Dow Stocks. I have money put aside which i consider liquid and when she drops I buy. I dabble in other stocks when i see something I like. I bought stock in Medisis (sorry, spelling). They make restalin, a form of botox with no animal dirivitives. Made some coin on that company as soon as they approved it. I am pretty shrewed and always make money in the market.

[D-Bo Dre]

a little off topic, But has anyone seen the movie BoilerRoom?? I actually saw it again last night... Tight ass movie for anyone who hasnt! Believe it or not I actually worked for some dirtbag investor who had me pitch IPO's to doctors around the county.. He was a shady character and so were the IPO's so I bounced after a few weeks.. A freind recommended the movie after I left, but many of the similarities between the movie and that place were dead on!!

[TJM7275]

Dude, the firm i worked at in manhattan was just like that...aside from the illegal shit. We were all 35 and under and it was like a frat. Every friday when the closing bell rang we would roll dice and gamble and then my boss would take us all to Hooters for beer and wings. it was pretty fun

[bmg]

ive taken an 8% loss in the last year. nothing to worry about tho cuz my investments are sound. eventually they will bounce back and then some.

[bmg]

lol at some of the comments in this thread.

ever since internet trading so many fools equate investing into our capital markets to white collar craps... its ridiculous.

fundamentals are still king people... **** volume and favored sectors... and quit watching mad money and walking away thinking youre in the "know".

[T3/T4 GSR]

Dude, the firm i worked at in manhattan was just like that...aside from the illegal shit. We were all 35 and under and it was like a frat. Every friday when the closing bell rang we would roll dice and gamble and then my boss would take us all to Hooters for beer and wings. it was pretty fun

Haha sure you weren't working for stratton on LI?

[byrdman]

what would the alternative be? walk?

you ever heard " dont drink and drive" well its now " dont drive, drink its cheaper"

[Strategus]

you ever heard " dont drink and drive" well its now " dont drive, drink its cheaper"

If someone drives 25 miles in the average car that gets 25 mpg to go buy a 6-pack, they'll spend $10.00...$4 for the gas and $6 for the beer (good brand).

It's almost at parity between gas and beer....

If gas gets much higher...might be kinda hard to have the beer, because....

It'll pay to park the car...ride the bicycle 15 or 20 miles each way to work...and run a simple cycle for recovery/oomph on the bicycle...

Figure out how much you spend on gas every 3 or 6 months...then compare to how much a good road bike costs and the extra food you would consume while riding it...

You guys that live 5 or 10 miles away from work are lucky - that's like a 30-45 min or less bike ride and pretty much any old bike would do. Can do that every day just as routine cardio...

[luv2spwge]

old post but the markets are raging right right now

[austinite]

old post but the markets are raging right right now

Dangit. You're lucky it's the lounge. why I oughta!

Market is just fine. Look at SIRI. I'm in at 0.33 Took a couple years, but I couldn't be happier.

[Java Man]

I lost everything years ago. I was in real estate. Have no credit cards now, own my vehicles sand pay rent. Waiting and ready for the real collapse. We haven't seen anything yet.