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View Full Version : How much will the Dow drop today.



dolemitesooner
10/6/2008, 10:50 AM
Hopefully 800 points:)

Ardmore_Sooner
10/6/2008, 11:02 AM
Hey will that mean gas will be 1.87?

Tulsa_Fireman
10/6/2008, 01:34 PM
Eleventy brazillion.

dolemitesooner
10/6/2008, 01:38 PM
tHAT WOULD BE awesome

SoonerInKCMO
10/6/2008, 01:44 PM
Why do you want it to fall? Are you heavily invested in Dean's Mason Jars Fund?

dolemitesooner
10/6/2008, 01:52 PM
YES

Chuck Bao
10/6/2008, 02:32 PM
The most important thing to remember is: DON'T PANIC!

That's my job.

And, I mean that in the sense that if you do panic, I lose my job.

olevetonahill
10/6/2008, 02:45 PM
Very tru Chuck.
Hell Im old enough that Ive gone thru 3 or 4 of these things so Far . we always Bounce back .

Boomer.....
10/6/2008, 03:04 PM
Horrible at first but bounced back at the end to only end 310 down. Sucks but still better than 700 or 800 down.

badger
10/6/2008, 04:05 PM
One of my co-workers just went off on me when he announced in his abnormally loud voice that the stocks dropped 700 points - I think they ended up down 800, but closed at down 360 or so, right? Anyways, in a quiet "Not talking to you" voice, I said "So much for the bailout," and this guy just started yelling about "You must have attended Harvard Business School" and several other cheap shot insults.

In any event, odds are he has lost a lot of money in the last few weeks, so I will not hold it against him. People took the market and made a lot of money off of it for years and now it's time for them to give back some of that money, just like economics taught us - not at Harvard, but in high school. It's cyclical. You go up and then you go down, but then you'll eventually go up again. You can't go up forever.

This co-worker is now giving me the silent treatment. Thank god. I was ready to put on the headphones if he kept talking so loud.

walkoffsooner
10/6/2008, 04:39 PM
Hopefully 800 points:)


Getting about time to buy? Or is 8200 going to be were it settles.

dolemitesooner
10/6/2008, 04:51 PM
Oh yeah it is.

No I think it will go below 7,500. Around 7,000 I would say BUY BUY BUY

olevetonahill
10/6/2008, 04:53 PM
I d say Buy anytime yer ready this slump aint gonna last long .
6 Months maybe a year.

Rogue
10/6/2008, 07:51 PM
I d say Buy anytime yer ready this slump aint gonna last long .
6 Months maybe a year.

The glass of OVJ is always half-full! :D

olevetonahill
10/6/2008, 08:16 PM
The glass of OVJ is always half-full! :D

I may have to go up .;)

JohnnyMack
10/9/2008, 02:53 PM
Oh this is bad.

http://moneycentral.msn.com/investor/research/msnbc/newsnap.asp?Symbol=$DJI

C&CDean
10/9/2008, 02:59 PM
Everybody knows the messiah is coming.

oumartin
10/9/2008, 03:07 PM
by the time this is over we may all be needing universal health care!

I've got my sunglasses, cane and tin cup ready

Chuck Bao
10/9/2008, 06:29 PM
In Asia, we are in for another rough ride this morning.

Good grief! Can't you guys get your act together?

Did you know that Asians are calling this the "hamburger crisis"? I believe that they think it is clever, like the '97 Tom Yum Gung crisis. Or, they think Americans resemble hamburgers or smell like hamburgers or have little beef between the buns. No idea.

Anyway, bad, bad day ahead.

jkjsooner
10/9/2008, 07:04 PM
Man, I knew the real estate bubble was going to end badly and it would affect the overall economy but I totally underestimated the level of collateral damage.

I'm seriously wondering if we will be standing in soup lines this time next year.

Is the market drop really a panic or is this where our economy is going?

And, Chuck, you're giving the U.S. too much credit here. We were the first domino to fall but there were plenty of other dominoes waiting to tip over.

P.S. The biggest client on my project is Wachovia.... Guess that doesn't look good for me. ;-)

Chuck Bao
10/9/2008, 09:19 PM
Japan is off 10.5%, Hong Kong -8.2% and Australia -6.3%.

Thailand hasn't opened yet. Maybe someone will just hit the circuit breakers at the opening.

Ugly just got nasty.