DOW is at 8700 and dropping fast!

[lonestar2000]

Securities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.

[equalizer]

lonestar,

This is why it feels so different this time. So many people have 401Ks and are pulling out of stocks recently and Hedge funds have forced liquidations. Heck I should been way more bearish in 401K account, and feel like going to cash now with all talk of Great Depression, Dow 6000. If everyone over 50 starts pulling out, we are all screwed. Maybe good strategy here is to short SPX and go long select strong defensive stocks like BUD, Johnson & Johnson Netflix, Baxter International.

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

Barrons TechAnalysis (10/08/08)
“It just makes no sense now to call a bottom — or to look for a significant decline ahead. We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929.”

[equalizer]

lonestar,

This is why it feels so different this time. So many people have 401Ks and are pulling out of stocks recently and Hedge funds have forced liquidations. Heck I should been way more bearish in 401K account, and feel like going to cash now with all talk of Great Depression, Dow 6000. If everyone over 50 starts pulling out, we are all screwed. Maybe good strategy here is to short SPX and go long select strong defensive stocks like BUD, Johnson & Johnson Netflix, Baxter International.

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

Barrons TechAnalysis (10/08/08)
“It just makes no sense now to call a bottom — or to look for a significant decline ahead. We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929.”

[equalizer]

lonestar,

This is why it feels so different this time. So many people have 401Ks and are pulling out of stocks recently and Hedge funds have forced liquidations. Heck I should been way more bearish in 401K account, and feel like going to cash now with all talk of Great Depression, Dow 6000. If everyone over 50 starts pulling out, we are all screwed. Maybe good strategy here is to short SPX and go long select strong defensive stocks like BUD, Johnson & Johnson Netflix, Baxter International.

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

Barrons TechAnalysis (10/08/08)
“It just makes no sense now to call a bottom — or to look for a significant decline ahead. We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929.”

[equalizer]

lonestar,

This is why it feels so different this time. So many people have 401Ks and are pulling out of stocks recently and Hedge funds have forced liquidations. Heck I should been way more bearish in 401K account, and feel like going to cash now with all talk of Great Depression, Dow 6000. If everyone over 50 starts pulling out, we are all screwed. Maybe good strategy here is to short SPX and go long select strong defensive stocks like BUD, Johnson & Johnson Netflix, Baxter International.

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

Barrons TechAnalysis (10/08/08)
“It just makes no sense now to call a bottom — or to look for a significant decline ahead. We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929.”

[equalizer]

lonestar,

This is why it feels so different this time. So many people have 401Ks and are pulling out of stocks recently and Hedge funds have forced liquidations. Heck I should been way more bearish in 401K account, and feel like going to cash now with all talk of Great Depression, Dow 6000. If everyone over 50 starts pulling out, we are all screwed. Maybe good strategy here is to short SPX and go long select strong defensive stocks like BUD, Johnson & Johnson Netflix, Baxter International.

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

Barrons TechAnalysis (10/08/08)
“It just makes no sense now to call a bottom — or to look for a significant decline ahead. We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929.”

[Coronita]

[quote=lonestar2000]Securities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
[/quote]

And the irony would be is everyone moves into t-bills thinking that is safer, and the government defaults. Ironic isn’t it?

Personally, I think that’s a bit far fetched. But it would be ironic.

[Coronita]

[quote=lonestar2000]Securities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
[/quote]

And the irony would be is everyone moves into t-bills thinking that is safer, and the government defaults. Ironic isn’t it?

Personally, I think that’s a bit far fetched. But it would be ironic.

[Coronita]

[quote=lonestar2000]Securities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
[/quote]

And the irony would be is everyone moves into t-bills thinking that is safer, and the government defaults. Ironic isn’t it?

Personally, I think that’s a bit far fetched. But it would be ironic.

[Coronita]

[quote=lonestar2000]Securities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
[/quote]

And the irony would be is everyone moves into t-bills thinking that is safer, and the government defaults. Ironic isn’t it?

Personally, I think that’s a bit far fetched. But it would be ironic.

[Coronita]

[quote=lonestar2000]Securities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
[/quote]

And the irony would be is everyone moves into t-bills thinking that is safer, and the government defaults. Ironic isn’t it?

Personally, I think that’s a bit far fetched. But it would be ironic.

[Coronita]

[quote=equalizer]lonestar,

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

[/quote]

Actually, I’m more leary of negative government intervene to try to “encourage” people to reenter the market.

1)Expiration of capital lose carryover to within 5 years.

2)etc

[Coronita]

[quote=equalizer]lonestar,

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

[/quote]

Actually, I’m more leary of negative government intervene to try to “encourage” people to reenter the market.

1)Expiration of capital lose carryover to within 5 years.

2)etc

[Coronita]

[quote=equalizer]lonestar,

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

[/quote]

Actually, I’m more leary of negative government intervene to try to “encourage” people to reenter the market.

1)Expiration of capital lose carryover to within 5 years.

2)etc

[Coronita]

[quote=equalizer]lonestar,

Need capital gains exclusions for all financial stock bought for rest of year and held for 5 years. Need CEOs of S&P 500 to come and make joint statemnt that all exec are talking no salary and only stock as compenation.

[/quote]

Actually, I’m more leary of negative government intervene to try to “encourage” people to reenter the market.

1)Expiration of capital lose carryover to within 5 years.

2)etc

[Author]

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