DOW Drops 634 points

[CAwireman]

[quote=walterwhite]Stocks are safe for the long haul. l[/quote]

Walt,

Not too sure about that. Despite today’s volatile ups/downs, a lot of smart people are bracing for deeper drops in the market. Question is, will the markets continue to tank, and if so, how long with they stay down?

I’m not too terribly affected myself because I don’t have much money in the market (or much money to speak of outside the market). 🙂 Being poor has some advantages.

Waky couple of days. Interesting read from thestreet.com:

http://www.thestreet.com/story/11216674/1/stock-market-story-aug-10.html

Be careful out there folks…

[outtamojo]

Imo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?

[outtamojo]

Imo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?

[outtamojo]

Imo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?

[outtamojo]

Imo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?

[outtamojo]

Imo we go down more in slow grinding fashion once volatility subsides- easy to say today : ). Mo Mo stocks AAPL AMZN BIDU haven’t broken recent lows and VIX at really incredible levels (40’s) make me want to think we are near bottom but for the masses late 08/early 09 is still too fresh in their minds and I fear it is them that will force mutual funds to liquidate and overshoot the downside. During that end of days period of late 08 the VIX was in the 70’s, so will we feel like the end of the world is near again?

[scaredyclassic]

Stocks are not safe for the long haul.

[scaredyclassic]

Stocks are not safe for the long haul.

[scaredyclassic]

Stocks are not safe for the long haul.

[scaredyclassic]

Stocks are not safe for the long haul.

[scaredyclassic]

Stocks are not safe for the long haul.

[The-Shoveler]

It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.

[The-Shoveler]

It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.

[The-Shoveler]

It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.

[The-Shoveler]

It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.

[Author]

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