vtec9

5 shares apple at $104 and change. 1 share BRK-B from last fall.. recouped every I had lost since then on that coming into this week.. now it's getting smashed every day. But I'm hoping some day it will be worth $100k like the A stock

PearlwhiteS2k

15% cash

sahtt

bought at DOW 8k when it turned and sold most of what I bought. I've been selling every rally short in gold throughout the day.

bat711

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Pretty strong support at the 8000 level. Dow hasn't dropped below that for any significant amount of time since 1997.

bat711

Was anyone in any of the double inverse ETFs before this week?

hpark

anyone calling the bottom here? just brutal.......
seemed like capitulation in european markets, not so sure about here but maybe today is that day.

PearlwhiteS2k

I dunno about calling a bottom but GE, IBM, YUM, did good on earnings. Also housing sales were up and unemployment was down but the good news seems to be brushed off. 8000ish seem so far like a strong support.

sevenrd

Yep. I've been in DXD since early this year. I've taken profits here and there so don't have as many shares as I once did. Still, seeing some very nice gains this week with what I have left.

Elistan

The market doesn't seem to be behaving rationally at the moment, so I don't think its possible to call the bottom and be correct except through sheer luck. Seems like people are taking losses, decide to drop out of the game, sell their portfolios which drives down prices more, thereby hitting new thresholds for people who have so far stayed in, so they sell, and the cycle continues. I suspect that even after the dot.com burst, there's still lots of people playing the stock market that shouldn't have ever been involved. They saw prices rising so they bought, pushing prices higher. They now see prices falling so they sell... IMO it won't be until all those people are out, and only the long-term position holders are left, that the panic will stop and things will stabilize. Eyeballing the charts, looks like, umm, in '94 or so at 4000 for the DJI the rate of increase really started accelerating. Eliminating the couple boom-bust cycles we've had since and extrapolating out, looks like 8000 or so is indeed where we "should" be? But the panic is still there so I wouldn't be surprised if everything is driven further lower before recovering.

Of course, for the most part that begs the question of what effect the overall state of the economy will have on the market. Panic or no, if consumers seriously cut back on purchases (through fear or necessity, whatever) then business will hurt, profits drop, and stocks be even less attractive.

MsPerky

On a lighter note...I see you are getting a 9th very shortly. Congratulations!