Dow Below 10,000

Uberbimmer · #1 (**permalink**) 10-06-2008, 03:25 PM

Dropped 384 points since trading began this morning, probably going to be some good buys if it continues to go down.

forhamilton · #2 (**permalink**) 10-06-2008, 03:48 PM

Jim Kramer said that if you need any money that you have in the stock market in the next 5 years, to sell it now.

khaiser · #3 (**permalink**) 10-06-2008, 04:32 PM

Is this a good time to buy for long term, 10 + years.? Right now, I am getting killed....
Although, I don't need any of it for quite some time. Kids educations are still 12 yrs away, retirement is 20-25 yrs away.

redshift · #4 (**permalink**) 10-06-2008, 04:38 PM

Quote:

Originally Posted by khaiser

Is this a good time to buy for long term, 10 + years.? Right now, I am getting killed....
Although, I don't need any of it for quite some time. Kids educations are still 12 yrs away, retirement is 20-25 yrs away.

I'm waiting until after the Presidential election before I even think aobut putting any money back into stocks.

khaiser · #5 (**permalink**) 10-06-2008, 05:12 PM

Quote:

Originally Posted by redshift

I'm waiting until after the Presidential election before I even think aobut putting any money back into stocks.

That is kind of what I was thinking about doing. I was talking with some friends, and they said that it is possible the next 2 quarterly earnings for the companies will be pretty bad. They were saying that early 09 might be a good opportunity to buy in, and in 3-5 yrs we could see 50% or more. Because even after 9-11 the markets tanked, then rebounded.

Khaiser