OK, who ordered the double dip??

[bluehenbillk]

Because it looks like it's coming, and coming soon.......

[Ivytalk]

Make mine mint chocolate chip and pistachio.

[BDKJMU]

Because it looks like it's coming, and coming soon.......

Yep. This came out Monday..

"U.S. Factory Activity Falls to Lowest Level in 2 Years

U.S. manufacturing grew at its slowest pace in two years in July as new orders contracted, a troubling development for the faltering economy.
The Institute for Supply Management said on Monday its index of national factory activity fell to 50.9, the lowest level since July 2009, from 55.3 in June.
Economists had expected a reading of 54.9. A reading below 50 indicates contraction in manufacturing.

The economy almost ground to a halt in the first half of the year, government data showed on Friday, with output rising at a tepid a 1.3 percent annual pace in the second quarter after advancing just 0.4 percent in the prior period.
The ISM report suggested the much anticipated bounce back in growth in the second quarter would probably be feeble.
``These are the types of numbers that are consistent with what we saw with the GDP numbers,'' said Keith Hembre, chief economist at Nuveen Asset Management in Minneapolis.
``Absent a governmental shock, we would dredge forward with this stagnant economic performance. We'll be mired in this 1 to 2 percent (growth) environment we have been in.......''

http://www.foxbusiness.com/markets/2011 ... z1U4gMvWBU" onclick="window.open(this.href);return false;

[BDKJMU]

Dow currently down 275 to 11,621 as of 11:39 AM EST, headed for 9 down day of the last 10.
http://www.dowjones.com/" onclick="window.open(this.href);return false;

[Ivytalk]

Dow currently down 275 to 11,621 as of 11:39 AM EST, headed for 9 down day of the last 10.
http://www.dowjones.com/" onclick="window.open(this.href);return false;

A direct and proximate result of those minuscule growth numbers.

[bluehenbillk]

Dow currently down 275 to 11,621 as of 11:39 AM EST, headed for 9 down day of the last 10.
http://www.dowjones.com/" onclick="window.open(this.href);return false;

Yep, that was exactly what I was looking at, wonder how bad the market will end today....

[BDKJMU]

Dow currently down 275 to 11,621 as of 11:39 AM EST, headed for 9 down day of the last 10.
http://www.dowjones.com/" onclick="window.open(this.href);return false;

A direct and proximate result of those minuscule growth numbers.

Now down 358, over 3% just today. My Roth and brokerage fund taking a beating....

[89Hen]

At least I'll be busy with refis as rates drop.

[OSBF]

another good oportunity to buy into the market

[danefan]

another good oportunity to buy into the market

Prepare your money to make some babies!!!!!

[CitadelGrad]

another good oportunity to buy into the market

Is that the Mensan consensus?

[OSBF]

another good oportunity to buy into the market

Is that the Mensan consensus?

no, just a time proven sound investment strategy

and how i'm going to be able to retire at 54 with 500K in a 401 while never making more than 50K/yr

[OSBF]

another good oportunity to buy into the market

Prepare your money to make some babies!!!!!

the share price of my 401 fund is down about 50 cents

good price point to put a little more in the market

if the share price keeps dropping, i'll buy more shares, it's a solid investment at this price level

[blueballs]

At least I'll be busy with refis as rates drop.

Assuming they have jobs and equity....

[blueballs]

It is all Bush's fault...

[GannonFan]

Is that the Mensan consensus?

no, just a time proven sound investment strategy

and how i'm going to be able to retire at 54 with 500K in a 401 while never making more than 50K/yr

Is $500k in a 401k at retirement really something to trumpet? Even by your earning history, that's like 10 years worth of salary. Are you planning on a short retirement??

[AZGrizFan]

no, just a time proven sound investment strategy

and how i'm going to be able to retire at 54 with 500K in a 401 while never making more than 50K/yr

Is $500k in a 401k at retirement really something to trumpet? Even by your earning history, that's like 10 years worth of salary. Are you planning on a short retirement??

And apparently he thinks he's going to collect social security at 54 too...

might wanna read the fine print there, Mensa man.

[DSUrocks07]

Wholesale gas is down almost $0.20 today, Oil down a little over $5

[bluehenbillk]

no, just a time proven sound investment strategy

and how i'm going to be able to retire at 54 with 500K in a 401 while never making more than 50K/yr

Is $500k in a 401k at retirement really something to trumpet? Even by your earning history, that's like 10 years worth of salary. Are you planning on a short retirement??

I hope you're pretty close to 500K now, because it looks like 401k's are about to get rocked again...you better play with the expected rate of return percentages between now and when you turn 54 to see where your total could come in....

[93henfan]

I'm fortunate that I moved my TSP from the L2040 (high risk equities) to the G fund (no risk) a couple of weeks ago.

Of course, if our very government itself were to collapse, the "no risk" would be a bit of a misnomer.

[89Hen]

Oil down a little over $5

Would be nice to get gas prices back down a little.

[93henfan]

Oil down a little over $5

Would be nice to get gas prices back down a little.

Don't you just love how the oil companies adjust gas prices instantly on bad news (for us) and verrrrrrry sloooooowwllllyyyy on good news?

[GannonFan]

Would be nice to get gas prices back down a little.

Don't you just love how the oil companies adjust gas prices instantly on bad news (for us) and verrrrrrry sloooooowwllllyyyy on good news?

Gee, one would get the idea that they are in business to make money. Those bastards.

[OSBF]

I'm fortunate that I moved my TSP from the L2040 (high risk equities) to the G fund (no risk) a couple of weeks ago.

Of course, if our very government itself were to collapse, the "no risk" would be a bit of a misnomer.

All of the "L" funds are balanced portfolios, not exceptionally high or low risk.

You moved your money from a 16% return fund to a 2% return fund.

Go the other way, when the market turns down is the time to dump all you can into the highest risk/reward options you have.

I'm in the "S" and "I" funds right now. Buying as many shares as I can afford to.

[93henfan]

I'm fortunate that I moved my TSP from the L2040 (high risk equities) to the G fund (no risk) a couple of weeks ago.

Of course, if our very government itself were to collapse, the "no risk" would be a bit of a misnomer.

All of the "L" funds are balanced portfolios, not exceptionally high or low risk.

You moved your money from a 16% return fund to a 2% return fund.

Go the other way, when the market turns down is the time to dump all you can into the highest risk/reward options you have.

I'm in the "S" and "I" funds right now. Buying as many shares as I can afford to.

I'm glad you're not my financial advisor!

I just skipped out on 10% plus in losses (and counting) from two weeks ago!

I agree, buy low. I think it will go lower.