The DOW fell below 10,000 - Democratic Underground

dhpgetsit

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Mon Feb-08-10 07:56 PM
Original message

The DOW fell below 10,000

Edited on Mon Feb-08-10 07:57 PM by dhpgetsit

Shall we blame Browne and the prospect of even more gridlock in Congress?

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MUAD_DIB

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Mon Feb-08-10 07:59 PM
Response to Original message

1. Sadly you just don't get it.

When the market goes up you can thank the Repubbies.

When it goes down you can blame Obama.

:sarcasm:

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FrenchieCat

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Mon Feb-08-10 08:03 PM
Response to Original message

2. No one cares cause

Sarah Palin wrote on her hand....

folks haven't figured out that she did this precisely so that we would
still be talking about her boring ass appearance in front of a non event
that was covered by more reporters than an Arial View of OJ's White Bronco
driving slow motion on the freeway!

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paulsby

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Mon Feb-08-10 09:11 PM
Response to Original message

3. sweeet!

as mentioned (and advocated here a couple of weeks ago), the dow was ripe for a drop, and i am still short

(half profit taken)

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cbdo2007

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Mon Feb-08-10 11:15 PM
Response to Reply #3

6. Well played Goldman!!

*sings*

"Oh...take the money and run...."

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paulsby

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Tue Feb-09-10 04:14 AM
Response to Reply #6

8. there is ONE thing i learned in trading ...

you can be wrong plenty of times, as long as you take your loss when you are and admit it.

let the winners run...

ego is the death of the trader

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cbdo2007

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Tue Feb-09-10 09:35 AM
Response to Reply #8

9. True Dat!

I still struggle with that sometimes myself...I'll just keep hoping as it keeps falling and falling and falling...

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paulsby

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Tue Feb-09-10 01:29 PM
Response to Reply #9

10. there is this one trader who said that "hope" is a dirty word

the reason for this is that it starts you from leaving the realm of the analytical (good) and into the emotional (bad).

by its very nature, the market will make a lot of people "hope" and hang on to a losing position

the best way (imo) to avoid this is to set your stop loss upon entry and NEVER widen it (you can narrow it to protect profit).

that way, your risk is always well defined.

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AllentownJake

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Mon Feb-08-10 09:14 PM
Response to Original message

4. You can blame a global credit contraction

Caused by 30 years of irresponsible behavior.

The economy was propped up by printed money for a little while.

It will recover some next week. The big bombs come in March/April/May of 2010.

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ddeclue

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Mon Feb-08-10 09:22 PM
Response to Original message

5. and? so it's a new fictitious number that's below the old fictitious number

until there are investigations and prosecutions and re-regulation and enforcement the Dow number is about as meaningful as advice from a magic eight ball.

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Hugabear

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Mon Feb-08-10 11:17 PM
Response to Original message

7. The stock market is one big giant scam, a pyramid scheme of epic proportions

Except it's all legal

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