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(Marketwatch)   Official "stock market continues to freefall" thread. What's in your wallet?   (marketwatch.com) divider line
    More: Scary  
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13640 clicks; posted to Main » on 26 Jul 2007 at 2:34 PM (11 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



317 Comments     (+0 »)
 


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2007-07-26 02:36:50 PM  
G. W. Bush - Jesus = Porn
 
P0e
2007-07-26 02:36:58 PM  
Foreign investment. My 401k is up 12% in the last quarter, and 20% for the year.
 
2007-07-26 02:37:23 PM  
Dunno about y'all, but my AAPL stock is still up 5% today.

You know.. that stock a lot of you said was "in a freefall" two days ago when it dropped 2%?

/suck it.
 
2007-07-26 02:37:26 PM  
I've got everything I own converted into No 2 pencils. People will always need pencils and No 2 is the best of breed
 
2007-07-26 02:38:03 PM  
Profit taking after reaching 14,000. I figured it would be today and tomorrow, but next week start climbing again.
 
2007-07-26 02:38:14 PM  
intriguing.comView Full Size


1929 or 2007 stock market investor... u tell ME
 
2007-07-26 02:38:22 PM  
Sold all my domestic stocks last week and shifted my mutual funds to international. I say give it 9 months then start buying again.
 
2007-07-26 02:38:36 PM  
submitter: What's in your wallet?

Dollar cost averaging, that's what.
 
2007-07-26 02:38:41 PM  
Isn't this just end of month profit takers?
 
2007-07-26 02:39:01 PM  
Notice it happened right after Fark added the "Business" tab.
 
2007-07-26 02:39:07 PM  
My wallet? A couple credit cards with no balance.

You'll find exactly the opposite in the wallet of countless halfwits across our fine land with subprime loans on a 250k house while only making 20k a year is part of the reason the market is having a shiat fit today.

Blame the lenders for dishing out these mortgages. But blame the borrowers for not being able to do basic math.
 
2007-07-26 02:39:29 PM  
P-P-P-P-P-P-ANIC!!!!!
 
2007-07-26 02:39:30 PM  
Relax everyone it will still be a bull market through next summer. Just a flat bull market.

Late September '08 oil will skyrocket after a short dip and the rest of the economy coincidentally will be going down faster than a dress on prom night
 
2007-07-26 02:39:42 PM  
I'm too busy drinking champagne and caviar dacquiris to be involved in the lives of proles! HA HA!

/adjusts monocle
//twirls mustache
 
2007-07-26 02:40:19 PM  
Yes it is taking a hit, but this stuff happens every 6 months to a year, this doesnt signal the demise of our economy.
 
2007-07-26 02:40:31 PM  
Is it freefalling...?

It's all predictable with the wonders of Candlestick analysis, invented billions of years ago by the Japanese.

The markets iz all a sham. Law of large numbers predicts the ebb and flow.

Very Zen and sh*t.
 
2007-07-26 02:40:54 PM  
P0e: Foreign investment. My 401k is up 12% in the last quarter, and 20% for the year.

You better stop mouthing off to everybody about my investment strategy, otherwise you gonna get stabbed.
 
2007-07-26 02:41:01 PM  
What's in your wallet? /subby

4 1 dollar bills, a debit card with no cash on it, a bunch of misc. cards and business cards, driver's license, reciepts, lint, and moths to replace the cash once it has left....

/likes to take things literally
//loves slashies
///slashies for Pres. 2008 (You've done worse)
 
2007-07-26 02:41:17 PM  
P0e:
Same here. My 401K is doing great. Foreign investment was the way to go.
 
2007-07-26 02:41:26 PM  
the_chief: G. W. Bush - Jesus = Porn

Best boobies I've seen all day.
 
2007-07-26 02:41:57 PM  
But..but my speculative numbers on my super expensive
"insider trading master program" said "I WAS A GO"
/"$7 dollars for every trade"
//Even if it will cost you 50 grand in REAL money,
for every mistake!
 
2007-07-26 02:42:07 PM  
PANIC !!!!!
 
2007-07-26 02:42:19 PM  
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
 
2007-07-26 02:42:19 PM  
Sorry smitty this isnt particularly scary. A few percentage drops after a massive climb as we just experienced isnta "freefall". Heck, it couldnt even be considered a correction. Call me when oil hits 100 a barrel, then we'll talk.
 
2007-07-26 02:42:23 PM  
What's in my wallet? The 18% I've made over the past 6 months, and a couple of short-sell orders.
 
2007-07-26 02:42:38 PM  
On three, everybody switch positions on whether the president has anything to do with the economy and whether the stock market is a good indicator of economic health. 1...2...3!
 
2007-07-26 02:43:16 PM  
Shrugging Atlas: My wallet? A couple credit cards with no balance.

I have a couple of credit cards where the balance is auto paid at the last moment so I pay no interest plus I get cash back!

Suckers!
 
2007-07-26 02:43:19 PM  
A condom that has been waiting to be used since 1997 /=
 
2007-07-26 02:43:31 PM  
It is only a 3% drop don't panic yet.

/Invested in the Vice Fund. Seems to be working.
 
th
2007-07-26 02:43:42 PM  
oh great, this is going to be my life for the next few days (i work in a 401k call center).

caller: there is something wrong with my account.
me: what's going on?
caller: my balance went down. did someone take my money?
me: uhhh...

/don't ever privatize social security!
 
2007-07-26 02:43:47 PM  
Not my stock.. I own Apple :)
 
2007-07-26 02:43:58 PM  
RBC Global Equity fund. YTD 62.9%
Canadian Energy fund. YTD 33.4%

But I should buy a house because barely outpacing inflation, *that's* an investment.
 
2007-07-26 02:44:09 PM  
A drop of 2.8% is a freefall?
 
2007-07-26 02:44:10 PM  
Ha ha ha. Freefall my ass. Stock market is up at all time high, and now people are taking Countrywide's statements as an opportunity to take profit. We'll be climbing again by Monday.

Besides now that the real estate market has blown out the investors have to put their money somewhere, so it's got to be stocks. When money flows out of one it always goes to the other.
 
2007-07-26 02:44:17 PM  
My wallet? 17 condoms. Call it wishful thinking.
 
2007-07-26 02:44:28 PM  
Why such a fuss? It goes up and down.

Get over it.
 
2007-07-26 02:44:36 PM  
Not my stock. I own a buttload of VDSI

/yes, I have a big butt
 
2007-07-26 02:45:28 PM  
ExitKloie: A condom that has been waiting to be used since 1997 /=

They have an expiration date you know...

Don't fret though... what said unused condom is used on has a a generally longer shelf life than the unused condom itself. a used condom's shelf life is rather short by comparison.
 
2007-07-26 02:45:39 PM  
This isn't a "freefall"; it's a buying opportunity.
 
2007-07-26 02:45:48 PM  
Sure, the DOW is down 400 dollars for the day, but look at the bright side: it's only down 420 Loonies.

[image from x-rates.com too old to be available]
 
2007-07-26 02:45:50 PM  
Our economy is too dynamic to be crippled by one event like sub-prime loans defaulting. But now, everyone else is taking a beating because one group of morons went too far and the oversight agency (NHA) were twiddling their collective thumbs while it happened. There's where you need to investigate, Congress.
 
2007-07-26 02:46:03 PM  
choice and consequence: On three, everybody switch positions on whether the president has anything to do with the economy and whether the stock market is a good indicator of economic health. 1...2...3!

The president has everything to do with the stock market, and he has a button on his desk that controls the numbers. He's pushing the "down" button right now for kicks. And the stock market is a fantastic indicator of economic health.
 
2007-07-26 02:46:08 PM  
patrick767: My wallet? 17 condoms. Call it wishful thinking.

On the upside, that's a 32-pack after a good weekend.
 
2007-07-26 02:46:10 PM  
Cowboy Spencer: Profit taking after reaching 14,000. I figured it would be today and tomorrow, but next week start climbing again.

Nope. This is a full-on bull-market correction. Look for 10% or more down from the peak, or another 800 or so points on the Dow. And no recovery until someone comes up with about $100 billion in bank-loan money.

This'll be a nice buying opportunity, but it's not going to be fun while it lasts and it's not going to disappear on Monday. Compare it to the Russia default in '98. Everyone's gonna run from risky assets until they figure out that whether Goldman's on the hook for KKR's bank loans has squat to do with whether people in the real economy keep flying to Disneyland and buying clothes for their families.
 
2007-07-26 02:46:24 PM  
Emerging Markets
Apple
Oil

I'm rich BIAAAATHHHH!!!!!

/accumulating tech like a madman
 
2007-07-26 02:46:29 PM  
Wallet? A few bucks, an AMEX card, a parking ticket and my debit card. Trading positions? A boatload of shorts, puts, calls and some esoteric "bets" against MBS and CDOs and the dollar. God, I love media and govt hysteria about the mortgage biz.
 
2007-07-26 02:46:35 PM  
In my wallet is a Trojan x-small that expired in 1998. Canada is just too far away to have any face-time with my girlfriend.

/but she is super hot
 
2007-07-26 02:46:39 PM  
ehh watever. hopefully it'll go up by the end of the week :P

/e.g. tomorrrow
 
2007-07-26 02:46:43 PM  
choice and consequence: On three, everybody switch positions on whether the president has anything to do with the economy and whether the stock market is a good indicator of economic health. 1...2...3!

But the stock market is now catching up with the reality of the local economies here.

It's not changing positions it's just reinforcing them.

The stock market is not only connected with the local economy in the US. Do you not understand that?
 
2007-07-26 02:46:47 PM  
I'm putting my entire IRA into stamps.

10k stamps @ $.41/stamp today will cost me $4100. If I figure right, a "stamp crisis" in twenty years will triple the cost of stamps to $1.20/stamp, netting me a cool $7,900.

No worries here.
 
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