Dow's diving again...down 300 - Democratic Underground

MercutioATC

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Wed Jan-23-08 12:49 PM
Original message

Dow's diving again...down 300

S&P down almost 3% today

Any bets on where the bottom is?

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Tuesday Afternoon

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Wed Jan-23-08 12:51 PM
Response to Original message

1. the barter system

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MercutioATC

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Wed Jan-23-08 12:53 PM
Response to Reply #1

3. That's what I was thinking. Time to buy dry goods and ammunition...

Not yet, but if this run lasts much longer we're gonna be glad that upper-floor windows on Wall Street don't open.

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TomInTib

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Wed Jan-23-08 12:55 PM
Response to Reply #3

5. Good luck on the ammo.

.223 has gone fron $200 per 1,000 rounds to $300 per 500. And that's just for range rounds.

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zabet

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Wed Jan-23-08 12:56 PM
Response to Reply #5

8. I noticed the jump

last batch of 9mm
and .243 I purchased. x(

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MercutioATC

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Wed Jan-23-08 01:01 PM
Response to Reply #8

10. I know...the milsurp supply pretty much died.

Expect a flood of 5.56 when the U.S. military switches to 6.8mm....hopefully...

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zabet

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Wed Jan-23-08 01:14 PM
Response to Reply #10

14. I am lucky enough

to be enough of a gun nut, that
I do have the capability to do
reloads. I have been lazy the last
couple of years and have been buying
boxed rounds. I do have at any given
times a minimum of 1000 rounds per
caliber of gun.

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MercutioATC

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Wed Jan-23-08 01:17 PM
Response to Reply #14

15. So far, I've stuck to the smaller stuff...

Only own .22 and 9mm and have a couple thousand rounds for each.

Thinking of a .308 to round it out.

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zabet

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Wed Jan-23-08 01:34 PM
Response to Reply #15

16. I have not got too many big calibers.

2 - .22 rifles
1 - 9mm Camp Rifle
1 - .243 rifle
Handguns: 1 - .22, 2 - .32
1 -.25, and 1- 9mm.
Add to that an assortment
of 12gauge shotguns.

The .22s are shot the most
simply because they are more
economical to 'plink' with.
:hi:

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Tuesday Afternoon

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Wed Jan-23-08 12:55 PM
Response to Reply #3

6. yeah. --

laughing over here so as not to cry. :toast:

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MercutioATC

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Wed Jan-23-08 01:03 PM
Response to Reply #6

11. The International fund in my 401k is down 5% just today.

...glad I swapped my 401k to bonds last week.

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Changenow

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Wed Jan-23-08 12:51 PM
Response to Original message

2. 8000 plus or minus. nt

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Warpy

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Wed Jan-23-08 12:53 PM
Response to Reply #2

4. When I inherited two years ago, I predicted the Dow

would be close to 7000 when this gang of thieves, ideological dreamers, religious nutcases, imperialists, and general doofuses were finally gone.

I thought the money guy was going to swallow his dentures. I just hope I wasn't being optimistic.

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TomInTib

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Wed Jan-23-08 12:56 PM
Response to Reply #4

7. I remember when you posted that.

My initial reaction was that even these idiots couldn't f**k up that badly.

Oh, well...

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fascisthunter

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Wed Jan-23-08 01:01 PM
Response to Reply #7

9. " It's Time We Take Back What is Ours"

a paraphrased quote by Cheney. It was not a fuck up, it was deliberate.

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Frustratedlady

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Wed Jan-23-08 01:05 PM
Response to Original message

12. I'm guessing 7200 before it turns around.

That could take a while, but I'm thinking there are a lot of companies out there that have hidden their true situations and (maybe) some might become known after reports to the tax man and their stockholders come out.

Just a WAG.

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nadinbrzezinski

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Wed Jan-23-08 01:13 PM
Response to Original message

13. It still has ways to go, but... on a VERY LONG investment strategy

this is the time to start thinking what companies you want to buy into...

And in long I mean five years at the least

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