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I posted ages ago, before this huge mess, that my potatos have eyes.
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Long time member @ Apolyton
Civilization player since the dawn of time -
2003 lows on the S&P were 768. I would be somewhat surprised if now that we're down this low, we don't test those lows. There's something magical about those types of numbers (just as we had to test the highs last year).
Though I did expect a rally before then, I figured it'd last longer than one day...Comment
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I wonder how many more times the government is going to take a major move and the markets panic sell as a result.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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3. Any more questions?Long time member @ Apolyton
Civilization player since the dawn of timeComment
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The Nikkei is off near 10%(\__/)
(='.'=)
(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.Comment
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To put it in perspective, the bottom of the market in 2002 after 9-11 is still lower then where the Dow is after all has been said and done.
I think it will drop another 2000 or so and settle at about 6000, which is where it was 10 years ago, before all this bubble nonsense.Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
"Remember the night we broke the windows in this old house? This is what I wished for..."
2015 APOLYTON FANTASY FOOTBALL CHAMPION!Comment
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there will be lots of money to make (soon? ) so better get into the position and wait...
that day is most likely not today though
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Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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October is traditionally a bad month. Possibly in November we won't see such big one day drops. However, I think it's possible for the stock market to trend down or level.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I always buy up teh stocks on teh first day of November.
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Why would that be?Originally posted by Kidicious
October is traditionally a bad month.Click here if you're having trouble sleeping.
"We confess our little faults to persuade people that we have no large ones." - François de La RochefoucauldComment
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October is probably bad because it's the low point in the year for retailers (with the standard Feb 1 start-of-year, October is the end of Q3, which is the quarter with the lowest sales (Aug-Sept-Oct) and the highest inventory purchases relative to sales (as you stock up for Nov). Thus, anyone selling things to consumers has their worst numbers, which affects all areas of the market. Also, spending is down in general because it is usually high in the summer and winter, thus Oct. and Apr. are both bad months (they are the low points right before an uptick).
But that's just a guess.
<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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Also, psychology plays a big part. People believe that October will be bad so they prefer other investments.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I don't know what the final # is but the DOW dumped 500 pts, the largest post election day loss evar.Long time member @ Apolyton
Civilization player since the dawn of timeComment
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Yesterday, the most points ever gain in an election day.
Today, the most points lost.
The stock market is as skittrish as a nun on her first date.
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Stock markets always go down when a democrat is elected. The fact that it was big was largely due to the run-up, I assume...
You can pretty much sell the Dow short if a democrat is elected...<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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