DOW Opens Down Over 1800 Points Today

DOW opens UP almost 900 points, this morning.

a reply to: IAMTAT

But you understand that the rich will buy up most of it right?

Soros is loving this.

a reply to: scraedtosleep

I guess 150 billion doesnt go that far??
Sliding back down..

originally posted by: scraedtosleep
a reply to: IAMTAT

But you understand that the rich will buy up most of it right?

"Rich" is subjective.

Somebodies getting rich shorting the market. I wonder who?

originally posted by: korath
Somebodies getting rich shorting the market. I wonder who?

Yah, same crooks that always get rich at times like this. Prob a few members of congress, no doubt.

Nope, guess 150 billion doesnt go as far as it used to....
Dow is in bear market territory it seems..

originally posted by: korath
Somebodies getting rich shorting the market. I wonder who?

People who are already rich. Funny how that's the case most of the time.

a reply to: Blue Shift

Ex dairy farmers who know how to milk that cow??

a reply to: Blue Shift

I was discussing this with AugustusMasonicus, the wealthiest 10 percent own most of the stock shares.
There must be some wealthy investors that ladder CD's or are wholly invested in real estate but apparently the lions share own stock.

Some of the buy and hold type stock owners are reaching the age where they can't afford to lose half their life savings for a multi year recession. Younger investors report that they are comfortable with the decline and some are buying more on dips which has historically worked out if you hold for more than a decade.

The demographics for buy and hold owners has aged, many baby boomers were holding their hoard from 2009. That may have changes some in the last few weeks since so many shares have traded hands. Quite a large list of companies losing over 50% of their value already and the recession has not been announced yet. So it might be different this time due to older investors not wanting to gamble.

a reply to: IAMTAT

I sold a massive chunk when the Dow was at 27k. I'm gonna make soooooo much money.

a reply to: Alien Abduct

Same thing as shorting. Only difference is it was your own money.

originally posted by: RexKramerPRT
a reply to: Alien Abduct

Same thing as shorting. Only difference is it was your own money.

No. Because I am not obligated to buy back stocks. I might put it into physical gold and silver.