I'm Scared that Dow will Drop Up 10K

Discussion in 'Stock Market' started by GHook93, Aug 8, 2011.

  1. GHook93
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    GHook93 Aristotle

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    It's nowdown close to 10K at the moment with another bad day. I don't care what side of the isle your on, the market tanking like this is BAD!!! Political points mean DICK, if the economy gets so low that we can't recover!

    If your not scared by this you should be!
     
    Last edited: Aug 9, 2011
  2. Ravi
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    Ravi Diamond Member

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    Invest in gold and US Treasuries and you'll be fine.

    That's what Wall Street is doing.

    :thup:
     
  3. Truthmatters
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    Truthmatters BANNED

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    the world will not crumble, get a grip
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    And when the Gold bubble bursts, they're going to be SCREWED.

    In the next 5 years, I doubt gold will be worth more than $200/ounce. This is a BAD BAD bubble.
     
  5. Ernie S.
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    Ernie S. Platinum Member

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    It's not a bubble and the price of gold is fairly stable. The problem is a dollar buys less gold than it did a year ago. It buys less food, gasoline, lumber and steel too.
    If we allow the Fed to print even more worthless dollars, the price of gold, along with food, gasoline lumber and steel will continue to rise.
    What we are seeing is not the rise of a gold bubble, it is the collapse of a dollar bubble.
     
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  6. spectrumc01
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    spectrumc01 I give you....the TRUTH

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    I wonder what percentage of the population actually has money in the stock market?

    Myself and friends of mine, who are in the same boat, don't give two shits about people who have lost money in the market. There are those of us who already know that it can't get any worse for the working poor.
     
  7. Toro
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    Toro Diamond Member

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    I'm hoping that it happens!

    Good bargains.
     
  8. Rozman
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    Rozman Gold Member Supporting Member

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    I thought that when this happened three years ago...bought GE and AIG at what I though was cheap...three years later and I still haven't broken even yet.

    Thanks Obama, watching my retirement accounts go under for the second time in three years.
     
  9. BDBoop
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    BDBoop BANNED

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    That's pretty much my sentiment. They're fine with us crashing and burning, so backatcha, babe.
     
  10. LordBrownTrout
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    LordBrownTrout Gold Member

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    A lot of those who lost money were the average middle class working American.....just trying to put a little away for retirement. Why would you not care about the average person just trying to make ends meet?
     
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