General Question

EmpressPixie's avatar

Another day on the market, what are your thoughts?

Asked by EmpressPixie (14733points) October 9th, 2008

The dow broke 9000 today. And was down over 500 twenty minutes to close (that’s now). What are your thoughts?

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12 Answers

EmpressPixie's avatar

It’s down 600ish now. So. Yeah.

fireside's avatar

Look at a 20 year progression of the Dow Jones Industrial Average.

It’s not pretty to watch, but the market does need a correction and hopefully this will begein to stabilize over the next month or two. I don’t think it will be a quick fix.

Judi's avatar

wow. don’t panic.

rowenaz's avatar

I don’t want to look. I had money in a CD, and since it was mature, I put it in a money market, because I am terrified that things will get som bad that I will need it….:(

Vincentt's avatar

My honest thoughts? “Whatever”. I just live my life and see what happens. (Of course, that’s easy talking for someone who isn’t really at risk of losing everything unless his country goes bankrupt like Iceland.)

Snoopy's avatar

I have posted this chart on a couple of other threads. Even so, if you haven’t seen it, it shows that, historically, it might be bad for awhile….but it will get better.

augustlan's avatar

Peeking out from between my fingers: Is it safe to look yet?

augustlan's avatar

Just let me know when, ‘k?

Judi's avatar

maybe on Nov 4th

EmpressPixie's avatar

We briefly moved into positive territory this morning. Huge cheers because it meant we’d moved up 700 points from the low of the day.

Hriti's avatar

Hope and pray for the best, as market shows continues downward trend…visit for latest market updates

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