Dow Plunges 387 points today

Aug 9, 2007

  1. WBunch
    Offline

    WBunch Super Genius

    Posts:
    112
    Likes Received:
    0
    What are your feelings about the last few weeks of the Markets Ups and Downs? Out of the the last 14 trading sessions 10 were either triple digit gains or losses. Any views on weather this is a correction or just bad juju..
     
    WBunch, Aug 9, 2007
    #1
  2. Crabcake Johnny
    Offline

    Crabcake Johnny Guru

    Posts:
    14,811
    Likes Received:
    15
    State:
    South Carolina
    Unless you're a day trader it's not even of interest.
     
  3. WBunch
    Offline

    WBunch Super Genius

    Posts:
    112
    Likes Received:
    0
    I know but there are some long term affects of some of the possible reasons for the recent drops. If Sub-Prime Lending woes continue it could have devastating affects on the markets and the economy for a while.
     
    WBunch, Aug 9, 2007
    #3
  4. somarco
    Offline

    somarco That Medicare Guy

    Posts:
    28,783
    Likes Received:
    2,245
    State:
    Georgia
    Personally, I think it is all tied in to Barry Bonds and a vast right wing conspiracy . . .
     
    somarco, Aug 9, 2007
    #4
  5. senior-advisor-indiana
    Offline

    senior-advisor-indiana Guru

    Posts:
    11,250
    Likes Received:
    162
    State:
    Indiana
    This information is why FIA are a good alternative for Seniors.
     
  6. Frank Stastny
    Offline

    Frank Stastny Guru

    Posts:
    7,069
    Likes Received:
    19
    State:
    Florida
    As John said:

    Unless you are selling it is only a "paper loss" and doesn't mean a thing. I won't make any changes in my portfolio based on that information. It's all media hype as far as I'm concerned. I really could care less what the market does on a daily basis.

    People buy insurance regardless of what the economy is doing. December has traditionally been my best month.
     
  7. WBunch
    Offline

    WBunch Super Genius

    Posts:
    112
    Likes Received:
    0
    I wasn't referring to a insurance slow down. And I'm not saying people should adjust their portfolios unless there is a longer term trend. I was just throwing out the info for conversation. As a fee based advisor I get a few phone calls around times like this from clients that need hand holding..
     
    WBunch, Aug 9, 2007
    #7
  8. senior-advisor-indiana
    Offline

    senior-advisor-indiana Guru

    Posts:
    11,250
    Likes Received:
    162
    State:
    Indiana
    December is always a good month for me with med supps. Everyone always thinks that the holidays mess up Dec. BUt that has been the exact opposite for me.
     
  9. CHUMPS FROM OXFORD
    Offline

    CHUMPS FROM OXFORD Guru

    Posts:
    10,261
    Likes Received:
    49
    State:
    Ohio
    Corrections are a natural phenomena (spellcheck was used with that word). We've had a pretty nice run the last 12 months, so this is somewhat expected.

    The Fed said its going to keep its hands off, and I think that will ultimately be a positive development. If you can end the year at about 6%-8% up, you did well.

    International Funds have done very well this year...Easily double digits. They're in my mix, but not heavily. I'm not sure about Roger Sweet's portfolio though.
     
  10. Frank Stastny
    Offline

    Frank Stastny Guru

    Posts:
    7,069
    Likes Received:
    19
    State:
    Florida
    I'm sorry, I didn't mean to come across like I was agrueing the point with you, just making a comment because I can.

    I'm trying to catch up to Senior's number of posts. LOL LOL LOL
     
Loading...
Similar Threads
  1. hello..
    Replies:
    6
    Views:
    1,149
  2. Todd King
    Replies:
    97
    Views:
    8,283
  3. GeorgiaAgent
    Replies:
    2
    Views:
    701
  4. K-Dub
    Replies:
    3
    Views:
    804