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welookgoodcom
- Senior Member - 4K
rated:
posted: Feb. 27, 2007 @ 3:22p 
People are forgetting with these losses come margin calls. While you may have bounceback tommorow, margin calls will mean the selling will continue |
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jayK
- Senior Member - JayK
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posted: Feb. 27, 2007 @ 3:22p
jack07002 said:looks like when all it said and done, it's gonna be about a 425 point lose daySo?
We're talking about a 3% drop here. The market is now flat over the last 3 months, and it's gained 8% over the last 6 months. |
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Doug3737
- Senior Member
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posted: Feb. 27, 2007 @ 3:22p
I just opened a roth, and funded it for 06 and 07  Oops. At least they actually haven't taken the money out of my bank account yet, so I officially haven't bought anything yet... soon though. |
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LighterWallet
- Happy Member
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posted: Feb. 27, 2007 @ 3:24p
The Dow was actually down about 36.5% in 1987, not 30%.
From abouut 2,750 to 1,750. |
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zzyzzx
- Senior Member - 3K
rated:
posted: Feb. 27, 2007 @ 3:24p
Only down 416 points for the day. No need to panic.
I take one day off of work and forget to buy stocks and look what happens.  |
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retire35
- Senior Member
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posted: Feb. 27, 2007 @ 3:26p
I love it. Two of my favorite picks, which I have valuated, are on sale. Great day. |
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CoffeeEater
- Greedy Member
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posted: Feb. 27, 2007 @ 3:26p
LighterWallet said:The Dow was actually down about 36.5% in 1987, not 30%.
From abouut 2,750 to 1,750.
Your math is off. It's only 1.57% (2750/1750).
So today was actually less of a drop than 1987. |
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verruckterBaum
- Senior Member
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posted: Feb. 27, 2007 @ 3:29p
CoffeeEater said:LighterWallet said:The Dow was actually down about 36.5% in 1987, not 30%.
From abouut 2,750 to 1,750.
Your math is off. It's only 1.57% (2750/1750).
So today was actually less of a drop than 1987.
You are so wrong on so many levels that you must be a troll. |
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xerty
- Senior Member - 2K
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posted: Feb. 27, 2007 @ 3:29p
demingy said:Hurray for a well diversified portfolio!
Unfortunately emerging markets, equity markets, and almost all commodities dropped together. Where was gold as your hedge? Down 3.5% with the rest of things. One of the lessons of Long Term Capital was that all those "independent" correlations go to 1 the one time you need them and everything gets hosed together. |
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Doug3737
- Senior Member
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posted: Feb. 27, 2007 @ 3:30p
CoffeeEater said:LighterWallet said:The Dow was actually down about 36.5% in 1987, not 30%.
From abouut 2,750 to 1,750.
Your math is off. It's only 1.57% (2750/1750).
So today was actually less of a drop than 1987.
LOL - I hope you're kidding, for your sake. |
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jack07002
- Senior Member - 1K
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posted: Feb. 27, 2007 @ 3:31p
The New York Stock Exchange tried to limit declines by imposing trading curbs
..............................................................
I think that did more harm than good, cause all of the sudden instead of gradual fall all day,at about 2:45 PM,you had just widespread panic when the drop went from 200+ points to over 500 points..... |
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tazzy531
- Senior Member - 3K
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posted: Feb. 27, 2007 @ 3:33p
Doug3737 said:I just opened a roth, and funded it for 06 and 07 Oops. At least they actually haven't taken the money out of my bank account yet, so I officially haven't bought anything yet... soon though.
Lucky you. Perfect time to get in on fire sale. |
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dhobi
- Senior Member - 1K
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posted: Feb. 27, 2007 @ 3:33p
Pendulum overshot, market should recover within weeks, IMHO. |
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mnsweeps
- Senior Member - 10K
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posted: Feb. 27, 2007 @ 3:33p
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zzyzzx
- Senior Member - 3K
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posted: Feb. 27, 2007 @ 3:37p
My paper loss today is greater than Al Gore's utility bill on his twenty room mansion. |
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bNeta86
- Senior Member
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posted: Feb. 27, 2007 @ 3:40p
this is the 357th intraday 5% drop since 1900. /yawn |
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ETFnerd
- Happy Member
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posted: Feb. 27, 2007 @ 3:42p
bNeta86 said:this is the 357th intraday 5% drop since 1900. /yawnin about 21,200 business days. |
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DamnoIT
- Senior Member - 4K
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posted: Feb. 27, 2007 @ 3:42p
Dang there goes my FICO score, oh wait how will this affect it? |
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zzyzzx
- Senior Member - 3K
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posted: Feb. 27, 2007 @ 3:43p
I plan on using this as an excuse to get my GF to come over and console me on my loss.  |
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76hhma
- Senior Member - 10K
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posted: Feb. 27, 2007 @ 3:45p
Keep one's cool. Ignore all the silly terms (dead cat bounce, bottom fishing, catching a falling knife, buy low, ...), especially those who claimed that they sold the day before or recently.
Take a nice walk in the beautiful snow (if any). Maintain one's asset allocation/fund diversification. Stay the course.
Good luck to all |
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