Dow Breaks 10,000 Now What.?

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whitedust

Well-known member
sammy: do you care to elaborate since you pasted the same thing 5 times in the thread? Your NY/NY location..... need jobs on Wall Street & banking?
 
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samc

New member
buy now if you have some money is not a bad idea. Stock are fairly low right now and some deals are out there.
 
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whitedust

Well-known member
YIKES! Not a good day down 249. Monday & next week will tell the story.... correction or sell off? What will happen to CIT over the weekend?
 
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snoeatr

Member
Its kinda funny.... A couple days ago I read an article on Yahoo that said "Best day in a year on wallstreet." I believe the market had gained 2% in one day. Today it lost 2.5% and I didn't see anything stating it was a bad day.
 
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whitedust

Well-known member
That's why you have to come here where the real people speak their minds. Friday was a BAD DAY & next week will tell the longer term story. If we have a huge sell off then the story is the fundamentals are not in place & recovery can not self sustain at current upward levels. If the market trades upwards investors think this is the real deal recovery. If the market goes sideways no one is sure. So you must pick 1 out of 3 applications & my gut feel is down.....not the real deal yet.
 
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whitedust

Well-known member
Next week will tell a lot. Obama already saying the pie not as sweet as it seems.......to me prep for the decline next week. Who knows but time will tell all.
 
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mjkaliszak

New member
The money never seems to " disappear <font color="ff0000">&#149;</font><font color="ff0000">&#149;</font><font color="ff0000">&#149;</font><font color="ff0000">&#149;</font><font color="ff0000">&#149;</font><font color="ff0000">&#149;</font> just changes hands. From my hard working hands to some super wealthy mega millionare. Who already has enough cash to support their decendents for decades. With the market at such high numbers where's the money ? I left 1 small IRA in the market in a diversified account. It should be at 22k to 25K initially, it has only recovered to 14K to 15K. We pulled 95% of our money OUT and plan to stay out ! After watching the market since the 80's it has been 1 scam after another ( 2008, 2001,S&L issue, White water, ect...) I'll cut my severe losses and move on. Good Luck with the market,
 
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whitedust

Well-known member
I'm out of those types of funds for about 5 years but ok when employer was contributing. Best to hand pick your stocks & buy & sell yourself. There are some great stocks out there if you do your homework but some of the diversified mutal funds are proven losers & only do well when any idiot can make money in the market. I'm not ready to go long on many stocks ....yet.

Sammy just keeps cutting & pasting for laughs & giggles, I guess, probably doesn't have any stock nor understanding of the market.
 
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