Stock Market drops 1000 points - GoFuckYourself.com

Forest · 05-06-2010, 12:52 PM

fucking insane day in the market

if you watch the market on a daily basis this is insane

it has come back only down 295 now but still wow

DateDoc · 05-06-2010, 12:53 PM

Wait until tomorrow. ;)

Barefootsies · 05-06-2010, 12:53 PM

Agreed. A lot of people shitting their panties and crying in their beers.

Forest · 05-06-2010, 12:55 PM

Quote:

Originally Posted by DateDoc

Wait until tomorrow. ;)

tomorrow will be interesting.

will it be a huge up day as there is some great buying opportunities

or will the slide continue as no one will want to go long into the weekend.

ill have my finger in the trigger for sure.

romeo22 · 05-06-2010, 12:57 PM

Bad times..its same here in my country.Cant say whats gonna happen tommorow.looks like market will drop again.

LeRoy · 05-06-2010, 12:58 PM

Something about an error from a trader.

Someones gonna get canned today.

Forest · 05-06-2010, 01:03 PM

one of my pink sheet stocks saved my overall day. could have been a 1800 down day. only ended up -671.00

Amputate Your Head · 05-06-2010, 01:04 PM

CNN says it rebounded to only -355

DateDoc · 05-06-2010, 01:06 PM

Yes it did come back and they are saying the 1000 point plunge was due to "errant trades"

Machete_ · 05-06-2010, 01:07 PM

I picked up AAPL at 211

Once in a lifetime.

Forest · 05-06-2010, 01:12 PM

Quote:

Originally Posted by DateDoc

Yes it did come back and they are saying the 1000 point plunge was due to "errant trades"

they are now saying someone at Citi made the mistake LOL

Penthouse Tony · 05-06-2010, 01:15 PM

bye-bye YTD gains.

natas · 05-06-2010, 01:19 PM

Quote:

Originally Posted by Barefootsies

Agreed. A lot of people shitting their panties and crying in their beers.

not me

more £GBP for my $USD woot!

The Demon · 05-06-2010, 01:20 PM

Quote:

Originally Posted by Forest

fucking insane day in the market

if you watch the market on a daily basis this is insane

it has come back only down 295 now but still wow

I was only 3 months off. Been buying precious metals for a while now. I thought the Market would crash in January but Bernanke and the Obama Administration did their best to put a spin on everything. Then I thought it would crash at the end of this year or beginning of 2011. It may come sooner than that.

Ethersync · 05-06-2010, 01:25 PM

Quote:

Originally Posted by Forest

they are now saying someone at Citi made the mistake LOL

Citi denies. It's a bullshit rumor.

stereolab · 05-06-2010, 01:25 PM

just buy options on the volatility. it's going to swing wildly up and down for the foreseeable future. you win either way (as long as it's moving more than you paid for your contract ) [(and as long as the market even EXISTS )]

qwe · 05-06-2010, 01:36 PM

crazy, it cracked some major support levels today, will be interesting to watch tomorow

Mr. Romance · 05-06-2010, 01:41 PM

Yeah its going to get worst before it gets better

Mr. Romance

Semi-Retired-Dave · 05-06-2010, 01:42 PM

If you don't sell, you haven't lost anything. Things go down but 90% of the time, it goes right back up. Don't panic, and if you have the funds, it's a great time to pick up some great stocks.

O MARINA · 05-06-2010, 01:46 PM

Quote:

Originally Posted by Forest

they are now saying someone at Citi made the mistake LOL

A trader made a "fat finger" trade, entered a B instead of M ? and market crashes.
great success.

qwe · 05-06-2010, 01:49 PM

Quote:

Originally Posted by CyberAge-Dave

If you don't sell, you haven't lost anything. Things go down but 90% of the time, it goes right back up. Don't panic, and if you have the funds, it's a great time to pick up some great stocks.

tell that to people who bought shares 1-2 years ago at 14-15000 dow level, they are still down huge... markets look 6 months ahead and they're down for a reason, what if greece defaults then italy, spain, portugal, bunch of other small countries... sure, it can be a good opportunety to buy, but it also can be a dissaster in a making...

fatfoo · 05-06-2010, 01:53 PM

At least is not like the 1995 Barings Bank collapse after a huge trading loss by Leeson.

mayabong · 05-06-2010, 01:57 PM

Quote:

Originally Posted by The Demon

I was only 3 months off. Been buying precious metals for a while now. I thought the Market would crash in January but Bernanke and the Obama Administration did their best to put a spin on everything. Then I thought it would crash at the end of this year or beginning of 2011. It may come sooner than that.

Yes cause we all know Obama tells Bernanke what to do. ROFL

"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits
from the use of other people's money" -- Charles A. Lindbergh Sr., 1923

"Some people think the Federal Reserve Banks are the United States government's institutions.They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" -- Congressional Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

(mcfadden was poisioned at a party)

Forest · 05-06-2010, 02:11 PM

Quote:

Originally Posted by The Demon

I was only 3 months off. Been buying precious metals for a while now. I thought the Market would crash in January but Bernanke and the Obama Administration did their best to put a spin on everything. Then I thought it would crash at the end of this year or beginning of 2011. It may come sooner than that.

i hardly see this as a crash. if it had closed 500-1000 down it would be different

but the market rallied back almost 700 points prior to the close. that to me is not a crash

Forest · 05-06-2010, 02:11 PM

Quote:

Originally Posted by Sagi_AFF

bye-bye YTD gains.

im still up 8% ytd

slayer69 · 05-06-2010, 02:13 PM

tomorrow is another day..

Forest · 05-06-2010, 02:13 PM

Quote:

Originally Posted by CyberAge-Dave

= Don't panic, and if you have the funds, it's a great time to pick up some great stocks.

appl is a good buy at this price. F is another

im a buyer here depending on how things open tomorrow

Penthouse Tony · 05-06-2010, 02:19 PM

Quote:

Originally Posted by Forest

im still up 8% ytd

You probably bought in Feb. I'm up too because of that. But the market as a whole isn't up much since Jan.

mayabong · 05-06-2010, 02:20 PM

Quote:

Originally Posted by Sagi_AFF

You probably bought in Feb. I'm up too because of that. But the market as a whole isn't up much since Jan.

Does anyone deal with penny stocks? I'm thinkin about going for a long shot, any good ones out there?

The Demon · 05-06-2010, 02:21 PM

Quote:

Originally Posted by Forest

i hardly see this as a crash. if it had closed 500-1000 down it would be different

but the market rallied back almost 700 points prior to the close. that to me is not a crash

I didn't say it was a crash. I said our economy should have crashed last year. But with zero interest rates and stimulus packages, Bernanke and the Obama Administration held it off and actually made the inevitable crash even worse. There's no where for the dollar to go but down, ALL the way down. Keynesian economics has never and will never be successful. Once our economy crashes, we will use a new model, or maybe an existing one, something like the Austrian School.

leedsfan · 05-06-2010, 02:21 PM

Quote:

Originally Posted by Barefootsies

Agreed. A lot of people shitting their panties and crying in their beers.

wow. you didnt get to the post to spam your sig until 3rd spot. You're losing your touch. I thought people were getting banned for doing that these days.

The Demon · 05-06-2010, 02:22 PM

Quote:

Originally Posted by mayabong

Does anyone deal with penny stocks? I'm thinkin about going for a long shot, any good ones out there?

You'll lose all of your money unless you basically hit the lottery and find that winner.

mayabong · 05-06-2010, 02:32 PM

Quote:

Originally Posted by The Demon

You'll lose all of your money unless you basically hit the lottery and find that winner.

I did get screwed on a couple cause they do reverse splits and you totally lose your ass. I did make a killing off a few though. The trick is not to fall in love with them. I made the mistake in actually believing in the product once and lost my ass.

I've made 800% profit on one, in about 30 minutes cause they had some good news. Sold it and moved on.

Forest · 05-06-2010, 02:33 PM

Quote:

Originally Posted by Sagi_AFF

You probably bought in Feb. I'm up too because of that. But the market as a whole isn't up much since Jan.

no the market itself isnt up that much but i got into BAC im still up 6%+ ytd
bought some appl and am up 8.5% ytd

bee in and out of a few positions with 10% returns.

Forest · 05-06-2010, 02:35 PM

Quote:

Originally Posted by mayabong

Does anyone deal with penny stocks? I'm thinkin about going for a long shot, any good ones out there?

im in a pink sheet stock that has preformed very well for me since March when i got in and im up 43% on it with 450k shares. Im long term on this as i think they have an awesome product and could go to .10 -.20 a share.

strobi · 05-06-2010, 02:37 PM

I tought you were joking, holy shit, it's true! What a black day for sure :-(

Black Ops · 05-06-2010, 03:03 PM

But... I thought... everything... was... getting... better?

Forest · 05-06-2010, 03:11 PM

Quote:

Originally Posted by Black Ops

But... I thought... everything... was... getting... better?

LOL the market is still at 10500

where was it 18 months ago?

I would call that better

zabijaq · 05-06-2010, 03:16 PM

Is it same old story: up down up down up down, positive expectations, suckers bring in some new cash, whopsie it crashed again, suckers are worried, take out their cash.
Ain't this just happening all the time?

Semi-Retired-Dave · 05-06-2010, 03:19 PM

Quote:

Originally Posted by qwe

tell that to people who bought shares 1-2 years ago at 14-15000 dow level, they are still down huge... markets look 6 months ahead and they're down for a reason, what if greece defaults then italy, spain, portugal, bunch of other small countries... sure, it can be a good opportunety to buy, but it also can be a dissaster in a making...

That's true, good point. Lets hope everything goes back up tomorrow, or at least starts heading up after this fuckup.

The Demon · 05-06-2010, 03:29 PM

Quote:

Originally Posted by Forest

LOL the market is still at 10500

where was it 18 months ago?

I would call that better

No, I would call it inflated and overvalued, and not representative of our economic depression.

Forest · 05-06-2010, 03:35 PM

Quote:

Originally Posted by The Demon

No, I would call it inflated and overvalued, and not representative of our economic depression.

some will say that some will say its just a corrections.

The Demon · 05-06-2010, 04:20 PM

Quote:

Originally Posted by Forest

some will say that some will say its just a corrections.

No, the correction would be around 8k.

seeandsee · 05-06-2010, 04:22 PM

markets shit

PornoStar69 · 05-06-2010, 04:33 PM

illuminati card game 1995 (THEY CONTROL THE STOCK MARKET)

SomeCreep · 05-06-2010, 04:38 PM

Stock markets go up and stock markets go down. For some reason, people always get shocked whenever they go down.

Ethersync · 05-06-2010, 04:41 PM

Quote:

Originally Posted by CyberAge-Dave

If you don't sell, you haven't lost anything. Things go down but 90% of the time, it goes right back up. Don't panic, and if you have the funds, it's a great time to pick up some great stocks.

I have to disagree here. If trading stocks is a hobby for someone who is already loaded then have at it, but for mere mortals DO NOT TRADE THIS MARKET unless you can afford to lose the money you are trading with. Hold on to your cash. Be in cash now and out of this market. You will thank me later. Buying the dips is most likely going to make you a bagholder.

Quote:

Originally Posted by The Demon

No, the correction would be around 8k.

or less...

Martin · 05-06-2010, 04:44 PM

The smart guys are investing in food, water and guns while their money is still worth something.lol.

mayabong · 05-06-2010, 04:52 PM

Quote:

Originally Posted by Martin

The smart guys are investing in food, water and guns while their money is still worth something.lol.

You are 100% right, my girlfriend and I are trying to think of a cool place to move to avoid the greek like craziness that will be coming to america. Suggestions? We thinkin hawaii since you will always have food there no matter what, and the land is very cheap. (big island anyways)

webgurl · 05-06-2010, 05:31 PM

Quote:

Originally Posted by CyberAge-Dave

If you don't sell, you haven't lost anything. Things go down but 90% of the time, it goes right back up. Don't panic, and if you have the funds, it's a great time to pick up some great stocks.

i wish that was the case i must be in the 10% my stocks have been
in negative since 2008

05-06-2010, 12:52 PM	#1
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 8,980	Stock Market drops 1000 points fucking insane day in the market if you watch the market on a daily basis this is insane it has come back only down 295 now but still wow

05-06-2010, 12:53 PM	#2
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Wait until tomorrow. ;) __________________

05-06-2010, 12:53 PM	#3
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Agreed. A lot of people shitting their panties and crying in their beers. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

05-06-2010, 12:57 PM	#5
romeo22 你自己去他媽的 Industry Role: Join Date: Mar 2008 Posts: 23,347	Bad times..its same here in my country.Cant say whats gonna happen tommorow.looks like market will drop again. Last edited by romeo22; 05-06-2010 at 12:58 PM..

05-06-2010, 12:58 PM	#6
LeRoy Porn Pusher Industry Role: Join Date: Jul 2007 Location: It's a dry heat Posts: 13,337	Something about an error from a trader. Someones gonna get canned today. __________________ JAPANESE CAMS AND CONTENT SITES Skype - leroy.rowland2

05-06-2010, 01:03 PM	#7
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 8,980	one of my pink sheet stocks saved my overall day. could have been a 1800 down day. only ended up -671.00

05-06-2010, 01:04 PM	#8
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	CNN says it rebounded to only -355 __________________ SIG TOO BIG

05-06-2010, 01:06 PM	#9
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Yes it did come back and they are saying the 1000 point plunge was due to "errant trades" __________________

05-06-2010, 01:07 PM	#10
Machete_ WINNING! Industry Role: Join Date: Oct 2002 Posts: 14,579	I picked up AAPL at 211 Once in a lifetime.

05-06-2010, 01:15 PM	#12
Penthouse Tony Confirmed User Industry Role: Join Date: Apr 2004 Location: Mountain View, CA Posts: 5,835	bye-bye YTD gains. __________________ aamos AT FFN dot com Penthouse.com Business Development ICQ: 49090846 \| Yahoo IM: ff_aamos

05-06-2010, 01:25 PM	#16
stereolab Confirmed User Join Date: Mar 2004 Posts: 798	just buy options on the volatility. it's going to swing wildly up and down for the foreseeable future. you win either way (as long as it's moving more than you paid for your contract ) [(and as long as the market even EXISTS )] __________________

05-06-2010, 01:36 PM	#17
qwe Confirmed User Join Date: Jul 2003 Posts: 2,109	crazy, it cracked some major support levels today, will be interesting to watch tomorow

05-06-2010, 01:41 PM	#18
Mr. Romance The Face of Romance and the Symbol of Freedom Join Date: Mar 2005 Location: The America's Posts: 7,821	Yeah its going to get worst before it gets better Mr. Romance __________________ Free Leads Program now paying up to $6 Gerard-Director of Global Sales Sign up Here: CamStarCash Check out: FreeCamStars ICQ: 330 662 299 gerard at freecamstars . com

05-06-2010, 01:42 PM	#19
Semi-Retired-Dave Too lazy to set a custom title Join Date: Apr 2004 Location: LA Posts: 11,190	If you don't sell, you haven't lost anything. Things go down but 90% of the time, it goes right back up. Don't panic, and if you have the funds, it's a great time to pick up some great stocks. __________________ Support a Good Cause

05-06-2010, 01:53 PM	#22
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	At least is not like the 1995 Barings Bank collapse after a huge trading loss by Leeson. __________________ Send me an email: [email protected] Last edited by fatfoo; 05-06-2010 at 01:55 PM..

05-06-2010, 02:13 PM	#26
slayer69 Confirmed User Join Date: Oct 2008 Posts: 626	tomorrow is another day..

05-06-2010, 02:37 PM	#36
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	I tought you were joking, holy shit, it's true! What a black day for sure :-(

05-06-2010, 03:03 PM	#37
Black Ops Confirmed User Join Date: Jun 2006 Posts: 292	But... I thought... everything... was... getting... better? __________________ If you can read this sig, you're already dead.

05-06-2010, 03:16 PM	#39
zabijaq So Fucking Banned Join Date: Jun 2006 Posts: 956	Is it same old story: up down up down up down, positive expectations, suckers bring in some new cash, whopsie it crashed again, suckers are worried, take out their cash. Ain't this just happening all the time?

05-06-2010, 04:22 PM	#44
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	markets shit __________________ BUY MY SIG - 50$/Year Contact here

05-06-2010, 04:33 PM	#45
PornoStar69 Confirmed User Join Date: Oct 2008 Location: xxweekxx mothers bed. Posts: 2,036	illuminati card game 1995 (THEY CONTROL THE STOCK MARKET) __________________ GFY King?

05-06-2010, 04:38 PM	#46
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Stock markets go up and stock markets go down. For some reason, people always get shocked whenever they go down. __________________ Webair Hosting I use and recommend Webair for hosting.

05-06-2010, 04:44 PM	#48
Martin "Assassins" Industry Role: Join Date: Dec 2001 Location: At home Posts: 17,277	The smart guys are investing in food, water and guns while their money is still worth something.lol. __________________