Stock market – great news about the DOW

[Presentation]

Its now mathematically impossible for the DOW Jones to fall again as many points as it already has.

 

[osd9]

I would too....I just don't have any left to throw up!!!!

 

[chuck1]

Thanks.

 

[kpetry]

Dry heaves here.....:-(

 

[Vince_nj1]

Yeah.. No shit.. I won't even log into my broker account to look. It hurts too much. My 401K is now a 201K.

I think I lost almost 1/2 of my net worth just in the past 12 months.

There was a segment on Squakbox last week where they said $100 invested in the US stock market in 12/2007 would be worth $53 today, if it was the Russian stock market it would be worth $23 and the Icelandic stock market... $3.

 

[hack4alivin]

There was a segment on Squakbox last week where they said $100 invested in the US stock market in 12/2007 would be worth $53 today, if it was the Russian stock market it would be worth $23 and the Icelandic stock market... $3.

Hey we are still Number One..:smt021

 

[Presentation]

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 left of the original $1000.
With WorldCom, you would have less than $5.00 left.
If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left.
If you had purchased United Airlines, you would have nothing left.
But, if you had purchased $1000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00.


Based on the above, the best current investment advice is to drink heavily and recycle.
This is called the 401-Keg Plan.

 

[Banagy]

I am retired and living off of my 101K. When I was working I was dreaming how much I had put into the 401K: suddenly woke up from the dream and BANG.

 

[beerman]

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 left of the original $1000.
With WorldCom, you would have less than $5.00 left.
If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left.
If you had purchased United Airlines, you would have nothing left.
But, if you had purchased $1000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00.


Based on the above, the best current investment advice is to drink heavily and recycle.
This is called the 401-Keg Plan.

Doug I screwed up and bought all my beer in bottles.:huh:

 

[Presentation]

Doug I screwed up and bought all my beer in bottles.:huh:

LOL

Let me guess. Point beer?

 

[rondds]

I bought 500 shared of SiriusXM last week for $40. Today it's worth $80. Yessireee, I'm well on my way to financial security!

 

[Presentation]

I bought 500 shared of SiriusXM last week for $40. Today it's worth $80. Yessireee, I'm well on my way to financial security!

SiriusXM stock reminds me of our x-gymnast neighbor lady’s ass. As time passes it just keeps dropping.

 

[jimdavi]

With current returns, capital appreciation, dividends and an improved economy, I should have that new boat in about 18 years...

 

[MikeS]

I certainly didn't vote for him, but I'm almost compelled to get behind Obama now. With all of his whack programs and proposals, and based on the current investment and financial environment - they might soon apply to me as once feeling comfortably wealthy is a thing of the past. Perhaps the move into the middle class will have some perks...

 

[JV II]

Buy! Buy! Buy!

 

[techmitch]

Its now mathematically impossible for the DOW Jones to fall again as many points as it already has.

I only wish this was true :huh:, the anchor is still sinking in the mud but it will eventually hit rock (bottom) and hopefully not drag for too long before it grabs hold, at which point I'm going "all in" BTTW!!!

 

[Presentation]

I only wish this was true .......

It is impossible for the Dow to fall more points then it already has.

The Dow closed at 14,164.53 on October 9, 2007
The Dow closed at 7062.93 yesterday, February 27, 2009.

That number means it’s lost more points then remains.

So it’s mathematically impossible for the Dow to loose as many points as it already has.

 

[Mr Salt]

It is impossible for the Dow to fall more points then it already has.

The Dow closed at 14,164.53 on October 9, 2007
The Dow closed at 7062.93 yesterday, February 27, 2009.

That number means it’s lost more points then remains.

So it’s mathematically impossible for the Dow to loose as many points as it already has.

You forgot about the governments ability to tax that loss. When they run out of gains to thax they will have to change the formula and begin to tax the losses. Therefore, I would guess the effect is that it could go negative.

Mr Salt
2001 540 CPMY
Caterpillar C-12s
Cape MAy, NJ

 

[Four Suns]

You forgot about the governments ability to tax that loss. When they run out of gains to thax they will have to change the formula and begin to tax the losses. Therefore, I would guess the effect is that it could go negative.

Actually... There are several proposals to change the way you can carry forward your losses. Right now if you have a 100K loss and next year you get a 100K gain in stocks, they offset each other because of the loss carry forward and you don't pay tax (essentially the thought is you already paid tax on it once). What they are thinking is phasing out the carry forward loss as you make more money... That's worse than phasing out the itemized deductions IMO.

I think a lot of people now are cashing out of stocks not to get out of the market but to make sure they capture the incredible losses so they won't have to pay taxes as the market improves and if you cash out in a few years (it's usually a smart move). But our friendly scum sucking Barnies up in DC will put a stop to this...

 

[Turtlesboat]

The more I read what this new plan has in it, the more I want to buy guns.