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Old 08-04-2011, 22:37   #1
poodleshooter1
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No thread about the market drop today?

Glad I cashed out of AMD recently when it jumped up 20% and kept the money in cash.

It will be a while before I put the money back in, going to wait and see what happens with the economy for a bit.

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Old 08-05-2011, 00:10   #2
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Everyone is too busy liking their wounds and hoping they don't get finished off tomorrow.
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Old 08-05-2011, 00:36   #3
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there were a couple of threads..
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Old 08-05-2011, 01:52   #4
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Originally Posted by poodleshooter1 View Post
Glad I cashed out of AMD recently when it jumped up 20% and kept the money in cash.

It will be a while before I put the money back in, going to wait and see what happens with the economy for a bit.

Hehehehe, how much money do you figure you'll loose as the Dollars that the 20% you just got loose value/buying power like a rock?
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Old 08-05-2011, 05:26   #5
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No thread about the market drop today
No one here is surprised.

Most have prepared by moving into safer things by now. Not much sympathy for those who haven't learned, over the last 10 years, how fragile our economy is right now and prepared accordingly.
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Old 08-05-2011, 06:05   #6
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Beware of electronic money.

You don't really have it.

Own what you have.
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Old 08-05-2011, 11:02   #7
poodleshooter1
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Hehehehe, how much money do you figure you'll loose as the Dollars that the 20% you just got loose value/buying power like a rock?
My money has gained value. The lead, copper and brass I invested in years ago and have been since then has trippled in value.

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Old 08-05-2011, 11:20   #8
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Beware of electronic money.

You don't really have it.

Own what you have.
^^^wisdom

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Old 08-06-2011, 14:04   #9
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Old 08-06-2011, 15:05   #10
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Hehehehe, how much money do you figure you'll loose as the Dollars that the 20% you just got loose value/buying power like a rock?
Agreed. Keeping it in cash is as bad or worse than anything you can do right now imo.

(tho i dont think the snickering is called for)
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Old 08-07-2011, 12:29   #11
poodleshooter1
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Agreed. Keeping it in cash is as bad or worse than anything you can do right now imo.

(tho i dont think the snickering is called for)
Pour it into ammo, guns and mags?
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Old 08-07-2011, 15:55   #12
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Israeli market is down 7% today. Monday is going to be interesting. The Asian markets should be opening soon.

Last edited by cowboy1964; 08-07-2011 at 15:55..
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Old 08-07-2011, 17:47   #13
poodleshooter1
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Israeli market is down 7% today. Monday is going to be interesting. The Asian markets should be opening soon.
I remember there were people thumping their chests after the drop the other day because they bought in heavily thinking the price was a bargain, and it was. Problem is that it is just going to go down more and more for a while.
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Old 08-07-2011, 19:56   #14
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I remember there were people thumping their chests after the drop the other day because they bought in heavily thinking the price was a bargain, and it was. Problem is that it is just going to go down more and more for a while.
It's called trying to catch a falling knife...ouch.

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