Glock Talk
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08-04-2011, 22:37
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#1
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Senior Member
Join Date: May 2005
Posts: 2,110
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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.
Last edited by poodleshooter1; 08-04-2011 at 22:37..
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08-05-2011, 00:10
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#2
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GTDS Member #49
Join Date: May 2011
Location: Alaska
Posts: 3,267
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Everyone is too busy liking their wounds and hoping they don't get finished off tomorrow.
__________________
Originally Posted by GTFor died instantly because his lungs froze from breathing in Arctic air.
Shoot Low Boys, They're Riding Shetland Ponies.
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08-05-2011, 00:36
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#3
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2A RKBA 4EVER
Join Date: Jul 2002
Location: here and there...
Posts: 10,759
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there were a couple of threads..
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08-05-2011, 01:52
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#4
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Senior Member
Join Date: Dec 2008
Location: Monroe, Georgia
Posts: 332
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Quote:
Originally Posted by poodleshooter1
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?
__________________
Be polite, be courteous, be professional. But have a plan to kill everyone you meet.
If you did it all over again with what you know now. You'd just make different mistakes.
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08-05-2011, 05:26
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#5
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Senior Member
Join Date: May 2009
Posts: 454
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Quote:
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No thread about the market drop today
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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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08-05-2011, 06:05
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#6
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Senior Member
Join Date: May 2006
Location: Who Dat Nation
Posts: 2,255
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Beware of electronic money.
You don't really have it.
Own what you have.
__________________
Certified Glock and Bushmaster Armorer
GT S/P Code: 18SE-AdeGi (eh..who cares now)
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08-05-2011, 11:02
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#7
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Senior Member
Join Date: May 2005
Posts: 2,110
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Quote:
Originally Posted by TreverSlyFox
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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My money has gained value. The lead, copper and brass I invested in years ago and have been since then has trippled in value.
Last edited by poodleshooter1; 08-05-2011 at 11:03..
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08-05-2011, 11:20
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#8
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Senior Member
Join Date: Mar 2007
Location: The Old West
Posts: 478
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Quote:
Originally Posted by PAPACHUCK
Beware of electronic money.
You don't really have it.
Own what you have.
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^^^wisdom
SC
__________________
"You shall know the truth, and the truth shall set you free." But first it will make you miserable.
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08-06-2011, 14:04
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#9
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Juris Glocktor
Join Date: Apr 2002
Location: Out the frying pan & into the fire!
Posts: 35,690
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What else is new...
__________________
Cool story, bro... when do you get to the part where you shut up and walk away from me?
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08-06-2011, 15:05
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#10
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gone
Join Date: Jul 2002
Posts: 3,979
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Quote:
Originally Posted by TreverSlyFox
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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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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08-07-2011, 12:29
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#11
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Senior Member
Join Date: May 2005
Posts: 2,110
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Quote:
Originally Posted by Akita
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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Pour it into ammo, guns and mags?
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08-07-2011, 15:55
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#12
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Senior Member
Join Date: Sep 2009
Location: U.S.A.
Posts: 13,503
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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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08-07-2011, 17:47
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#13
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Senior Member
Join Date: May 2005
Posts: 2,110
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Quote:
Originally Posted by cowboy1964
Israeli market is down 7% today. Monday is going to be interesting. The Asian markets should be opening soon.
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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.
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08-07-2011, 19:56
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#14
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Senior Member
Join Date: Mar 2007
Location: The Old West
Posts: 478
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Quote:
Originally Posted by poodleshooter1
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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It's called trying to catch a falling knife...ouch. 
SC
__________________
"You shall know the truth, and the truth shall set you free." But first it will make you miserable.
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