Stock Market
Posted: Mon Feb 03, 2014 9:16 am
......is dropping like a rock.
DJIA peaked at 16,588. Now at 15,508. Drop of 6.5%.
Thanks Obama.
DJIA peaked at 16,588. Now at 15,508. Drop of 6.5%.
Thanks Obama.
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A way overdue correction. Greedy conks taking profits.Grizalltheway wrote:It's called a correction.
I knew I was doing it wrong.93henfan wrote:Buy low.
Well aware.Grizalltheway wrote:It's called a correction.
Still up over 94% since he took office.CAA Flagship wrote: DJIA peaked at 16,588. Now at 15,508. Drop of 6.5%.
Thanks Obama.
PLASTICSIbanez wrote:Nows a good time to get in. I suggest HEMP. As more and more states legalize weed, companies like HEMP will do better and better.

Does Blue Horseshoe love HEMP?Ibanez wrote:Nows a good time to get in. I suggest HEMP. As more and more states legalize weed, companies like HEMP will do better and better.

Still waiting on that Garnier-Fructis, err, Head & Shoulders pattern.Skjellyfetti wrote:Still up over 94% since he took office.CAA Flagship wrote: DJIA peaked at 16,588. Now at 15,508. Drop of 6.5%.
Thanks Obama.
Thanks indeed.
When it crashes, which Conk are you going to blame?Skjellyfetti wrote:Still up over 94% since he took office.CAA Flagship wrote: DJIA peaked at 16,588. Now at 15,508. Drop of 6.5%.
Thanks Obama.
Thanks indeed.
You picked a shitty time to get into the stock market.BDKJMU wrote:I 1st invested in the market in 00' when the Dow peaked at 11,722
11,722 in 00' dollars = 16,231 in 2014 dollars, with an avg annual inflation rate of 2.35% (most of the inflation calculators still only go to 2013. Found 1 that has updated to 2014). Dow now is 15,372, so over the last 14 years as of now it hasn't even kept up with inflation.
http://www.dollartimes.com/calculators/inflation.htm" onclick="window.open(this.href);return false;
$$ I've had in bond funds has done better than the broad based index funds over the course of 14 years...
You should have started investing 10 years earlier. 2000-2008 was a total assfuck of a time to enter the market.BDKJMU wrote:I 1st invested in the market in 00' when the Dow peaked at 11,722
11,722 in 00' dollars = 16,231 in 2014 dollars, with an avg annual inflation rate of 2.35% (most of the inflation calculators still only go to 2013. Found 1 that has updated to 2014). Dow now is 15,372, so over the last 14 years as of now it hasn't even kept up with inflation.
http://www.dollartimes.com/calculators/inflation.htm" onclick="window.open(this.href);return false;
$$ I've had in bond funds has done better than the broad based index funds over the course of 14 years...
No dumbass, I didn't have ANY coin to spare till 2000. I was barely treading water till then.Skjellyfetti wrote:You picked a shitty time to get into the stock market.BDKJMU wrote:I 1st invested in the market in 00' when the Dow peaked at 11,722
11,722 in 00' dollars = 16,231 in 2014 dollars, with an avg annual inflation rate of 2.35% (most of the inflation calculators still only go to 2013. Found 1 that has updated to 2014). Dow now is 15,372, so over the last 14 years as of now it hasn't even kept up with inflation.
http://www.dollartimes.com/calculators/inflation.htm" onclick="window.open(this.href);return false;
$$ I've had in bond funds has done better than the broad based index funds over the course of 14 years...![]()
You watched the market skyrocket through the 90's and then decided to get in... in 2000.![]()
You are either younger than I thought or dumber than I thought.
See above. I had no coin to invest till 00'.93henfan wrote:You should have started investing 10 years earlier. 2000-2008 was a total **** of a time to enter the market.BDKJMU wrote:I 1st invested in the market in 00' when the Dow peaked at 11,722
11,722 in 00' dollars = 16,231 in 2014 dollars, with an avg annual inflation rate of 2.35% (most of the inflation calculators still only go to 2013. Found 1 that has updated to 2014). Dow now is 15,372, so over the last 14 years as of now it hasn't even kept up with inflation.
http://www.dollartimes.com/calculators/inflation.htm" onclick="window.open(this.href);return false;
$$ I've had in bond funds has done better than the broad based index funds over the course of 14 years...
If you'd have invested $100K in an S&P500 index fund on Jan 2, 2009 and let it sit, you'd have had $228,689.66 on Dec 31, 2013.
I know the feeling. Graduated in '07 months before the diarrhea hit the fan. Watched as the market crept to the 5k range and I remember thinking to myself "If only I had a few K to throw in there." All those "too big to fail" banks were selling for pennies on the dollar. Ford (the only American car company worth investing in both then and now) refused the gov's money and was as low as $2 a share if I recall correctly. That was the time to go all in...if only I had some bucks to throw in there...BDKJMU wrote:
See above. I had no coin to invest till 00'.
Never fell that far. March 9, 09', Dow bottomed out at 6547.SDHornet wrote:I know the feeling. Graduated in '07 months before the diarrhea hit the fan. Watched as the market crept to the 5k range and I remember thinking to myself "If only I had a few K to throw in there." All those "too big to fail" banks were selling for pennies on the dollar. Ford (the only American car company worth investing in both then and now) refused the gov's money and was as low as $2 a share if I recall correctly. That was the time to go all in...if only I had some bucks to throw in there...BDKJMU wrote:
See above. I had no coin to invest till 00'.
However I have been throwing money into my ROTH 401k ever since so I was able to get some of the action, just not as much as I would have liked.
True ^ it is riggedhoundawg wrote:Buy land, boys, the stock market is a sucker's game rigged for the insiders.

You'll never lose money investing in warChizzang wrote:True ^ it is riggedhoundawg wrote:Buy land, boys, the stock market is a sucker's game rigged for the insiders.
However: Certain commodities... Meh, never mind