CaP'N GRuNGe Posted January 21, 2008 Share Posted January 21, 2008 The 4 funds in my 401K: http://finance.yahoo.com/q/cq?d=v1&s=f...cdx+fcntx+fnorx Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted January 21, 2008 Share Posted January 21, 2008 The 4 funds in my 401K: http://finance.yahoo.com/q/cq?d=v1&s=f...cdx+fcntx+fnorx They look much the same as mine. Roughly 20-30% of their peak value wiped out. Quote Link to comment Share on other sites More sharing options...
Avernus Posted January 21, 2008 Share Posted January 21, 2008 someone mentioned real estate in a previous post... I'm not sure how much worse that the market can get for investing in real estate...but right now is as good a time as any to buy.... unless you think it can get at least somewhat significantly worse... I'm looking to start buying houses in certain areas....fixing them, up and trying to turn something around in return... but with the way things have been...it could be a few more years before this is a realistic opportunity... even though I do know people that do this right now, and do well mind you.. just like the stock market right now....it's just a risky call and almost unpredictable unless you assume things will go down...and you might be right Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted January 21, 2008 Share Posted January 21, 2008 (edited) Looks like tomorrow will indeed be horrendous. Yahoo article Minor optimism bolded. LONDON - Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession. U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas. Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19. In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks. Canadian stocks fell as well, with the S&P/TSX composite index on the Toronto Stock Exchange down 4 percent in early afternoon trading. In Brazil, stocks plunged 6.9 percent on the main index of Sao Paulo's Bovespa exchange. Investors dumped shares because they were skeptical that an economic stimulus plan President Bush announced Friday would shore up the economy that has been battered by problems in its housing and credit markets. The plan, which requires approval by Congress, calls for about $145 billion worth of tax relief to encourage consumer spending. "We've taken our lead from the Asian markets who have not been impressed by the U.S. There's debate if there's going to be a recession in the U.S. I don't think there's much chance of that though," said Richard Hunter an analyst at Hargreaves Lansdown Stockbrokers Ltd. in London. Concerns about the outlook for the U.S. economy, a major export market for Asian companies, has sent the region's markets sliding in 2008. Just last Wednesday, the Hang Seng index sank 5.4 percent. "It's another horrible day," said Francis Lun, a general manager at Fulbright Securities in Hong Kong. "Today it's because of disappointment that the U.S. stimulus (package) is too little, too late and investors feel it won't help the economy recover." Japan's benchmark Nikkei 225 index slid 3.9 percent to close at 13,325.94 points, its lowest close in more than two years. China's Shanghai Composite index plunged 5.1 percent, partly on worries about mainland Chinese banks' exposure to risky U.S. mortgage investments. "People are certainly nervous about a potential recession in the U.S. spilling over to the rest of the world," said David Cohen, Director of Asian Economic Forecasting at Action Economics in Singapore. "Maybe there's still some wariness about politicians are able to come up with a compromise and act sufficiently quickly" on a stimulus package, Cohen said. "I think the impact would be marginal anyway." Investors took cues from the negative reaction to the president's plan on Wall Street on Friday, when the Dow Jones industrial average slid 0.5 percent to 12,099.30, bringing its loss for the year so far to nearly 9 percent. Traders also have shrugged off assurances from Federal Reserve Chairman Ben Bernanke that the U.S. central bank is ready to act aggressively — which means a likely big interest rate cut later this month — to help the sagging economy. Some analysts predict that Asia won't suffer dramatically from a U.S. recession because increased trade and investment within Asia has made the region less reliant on the United States than in the past. Excluding Japan, 43 percent of Asia's exports go to other nations in the region, Lehman Brothers calculates, up from 37 percent in 1995. But on Monday, uncertainty and pessimism reigned. In Tokyo trading, exporters got hit hard, partly because of the yen's recent strength against the dollar. Toyota Motor Corp. lost 3.3 percent and Honda Motor Co. sank 3.4 percent. Shares of Bank of China dropped 6.4 percent in Hong Kong after the South China Morning Post newspaper reported that the bank is expected to announce a "significant write-down" in U.S. subprime mortgage securities, citing unidentified sources. In Shanghai, the bank's stock declined 4.1 percent. India's the benchmark Sensex index fell 1,353 points, or 7.4 percent — its second-biggest percentage drop ever — to 17,605.35 points. At one point, it was down nearly 11 percent. The decline hit companies across the board, with power utility Reliance Energy Ltd. falling 16.4 percent. Major software company Tata Consultancy Services Ltd. slid 7.6 percent "A gloomy U.S. climate has affected the global markets. Even if those markets recover, it will take sometime for the recovery to reach India because today's fall has been so drastic," said Jayant Pai, of the Mumbai investment company IL&FS Ltd. Still, Pai and others suggested that the declines could lead to a buying opportunity. "The sell-off today takes us close to the bottom," she said. Since the start of the year, Japan's Nikkei index has declined 13 percent, while Hong Kong's blue-chip index is down more than 14 percent. Even China's Shanghai index — which nearly doubled last year — has fallen 6.6 percent over the same period and nearly 20 percent from its all-time closing high on Oct. 16. Edited January 21, 2008 by Ursa Majoris Quote Link to comment Share on other sites More sharing options...
The Holy Roller Posted January 21, 2008 Share Posted January 21, 2008 When you have the Federal Government artificially propping up the economy instead of the natual ebb and flow of the free market, you'll eventually get a correction that'll hurt more than the natural cycle of things. Fake interest rates set by a handful of Government economists will never be the answer. Artificially inflating and deflating the dollar and then handing out short-term tax breaks to cover the real problem is a recipe for disaster long-term. This economy and the people who have prospered because of it deserve everything they get. Judging from the bankruptcy and foreclosures of individuals and corporations alike, I see no one saved for a rainy day...again. Where did this lucid, well-composed, and most sensible post come from? Where is the real TimC? (nonIrishwink) Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted January 21, 2008 Share Posted January 21, 2008 someone mentioned real estate in a previous post... I'm not sure how much worse that the market can get for investing in real estate...but right now is as good a time as any to buy.... unless you think it can get at least somewhat significantly worse... I'm looking to start buying houses in certain areas....fixing them, up and trying to turn something around in return... but with the way things have been...it could be a few more years before this is a realistic opportunity... even though I do know people that do this right now, and do well mind you.. just like the stock market right now....it's just a risky call and almost unpredictable unless you assume things will go down...and you might be right Our private equity firm just raised $100M for investment in hotels. We feel the enviornment is ripe over the next 12-24 months to buy existing hotels at a significant discount to 2007 NOI. There is a lack of buyers, which is driving prices south. Same holds true in the residential/condo market. As much as there was an over-reaction to the excalating prices of 2004-2006, today's climate is an overreaction to the significant drop in prices many areas of seen. There may be some correction left, but I (and many RE professionals) feel the bottom of the bell curve is almost upon us....another 6-12 months, and the bottom should be here. The real estate bubble was too large in the early 2000's....but it shouldn't have popped...it just needed a little deflating. Now is indeed the time to buy real estate, or stock in REITs. Quote Link to comment Share on other sites More sharing options...
Sugar Magnolia Posted January 21, 2008 Share Posted January 21, 2008 PE ratios are the lowest they've been in at least 10 years. It's time to buy, not sell! Remember buy low/sell high. Quote Link to comment Share on other sites More sharing options...
polksalet Posted January 22, 2008 Share Posted January 22, 2008 The stock market is beyond my level of understanding. I am going to work hard and lease 10 acres to raise longhorns and boer goats for food. Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted January 22, 2008 Share Posted January 22, 2008 Where did this lucid, well-composed, and most sensible post come from? Where is the real TimC? +1. Where's the part about the hawt wimmins?? Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted January 22, 2008 Share Posted January 22, 2008 +1. Where's the part about the hawt wimmins?? And Captain Kirk Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted January 22, 2008 Share Posted January 22, 2008 PE ratios are the lowest they've been in at least 10 years. It's time to buy, not sell! Remember buy low/sell high. I think the problem is there is no money left to buy those (cheap) stock shares, from a majority standpoint. There isn't enough money out there for people to buy these stocks. We're in a recession for a good reason, not because there is a lot of money going around. Half of the financial industry will be gone in the very near future. Wiped out. The other half -- their value is no longer the same as what it used to be. The reason for buying into those stocks no longer exists. Therefore, the price of their stock is going to reflect that. Granted, this is exaggerated right now in the market -- but is it? And which ones should we be investing in then? Which ones are going bankrupt? How about the financials insurance company, how are they holding up? Who is going to insure my money in my bank account? People are selling because the insurance companies that give every financial institution Insurance for their lost money (all those billions of $$$ write-downs), those insurance companies might go bankrupt. They don't have the money to pay you back for your lost money. If that's gone, then we haven't even seen the worst of it. The recession, then, is only beginning. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted January 22, 2008 Share Posted January 22, 2008 I hear Baghdad is 75% under control! Quote Link to comment Share on other sites More sharing options...
muck Posted January 22, 2008 Share Posted January 22, 2008 I think the problem is there is no money left to buy those (cheap) stock shares, from a majority standpoint. There isn't enough money out there for people to buy these stocks. We're in a recession for a good reason, not because there is a lot of money going around. Half of the financial industry will be gone in the very near future. Wiped out. The other half -- their value is no longer the same as what it used to be. The reason for buying into those stocks no longer exists. Therefore, the price of their stock is going to reflect that. Granted, this is exaggerated right now in the market -- but is it? And which ones should we be investing in then? Which ones are going bankrupt? How about the financials insurance company, how are they holding up? Who is going to insure my money in my bank account? People are selling because the insurance companies that give every financial institution Insurance for their lost money (all those billions of $$$ write-downs), those insurance companies might go bankrupt. They don't have the money to pay you back for your lost money. If that's gone, then we haven't even seen the worst of it. The recession, then, is only beginning. What insurance companies are you talking about? The FDIC insures bank deposits. They are not publicly traded. They are an independent agency of the US Gov't. See FDIC for more information. AMBAC, MBIA, etc. insure corporate and municipal bonds. If Ambac, et.al. go out of business, the spreads widen on the bonds they insure (i.e., the bonds drop in value and the yield will go up), but the underlying issuer (John Deere, the City of St. Louis, whomever) would still have to default for the bonds to have a legitimate reason to be 'pennies on the dollar'. Again, I'm not sure what you're talking about. Are you sure what you're talking about? Quote Link to comment Share on other sites More sharing options...
wiegie Posted January 22, 2008 Share Posted January 22, 2008 Again, I'm not sure what you're talking about. Are you sure what you're talking about? I was thinking the same thing. Quote Link to comment Share on other sites More sharing options...
TimC Posted January 22, 2008 Share Posted January 22, 2008 Oops sorry. I have hawt wimmins in mah pants when killing Yankees and watching mah portfolio tank. Goooo Bush!! Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted January 22, 2008 Share Posted January 22, 2008 Oops sorry. I have hawt wimmins in mah pants when killing Yankees and watching mah portfolio tank. Goooo Bush!! Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted January 22, 2008 Share Posted January 22, 2008 I hear Baghdad is 75% under control! Quote Link to comment Share on other sites More sharing options...
TimC Posted January 22, 2008 Share Posted January 22, 2008 Love it or buy it low, Commie. Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted January 22, 2008 Share Posted January 22, 2008 The Grunt is to Finance - as - 10gdba is to medicine Quote Link to comment Share on other sites More sharing options...
The Wolf Posted January 22, 2008 Share Posted January 22, 2008 Methinks the time is right to retain the services of Mr. Muck to support the financial future of The Wolf household... Quote Link to comment Share on other sites More sharing options...
The Wolf Posted January 22, 2008 Share Posted January 22, 2008 FYI...with regard to the topic that is the title of this thread... Dow Drops 465 Then Gains Most of It Back- AP Wall Street struggled to steady itself Tuesday after the Federal Reserve cut interest rates to restore stability to a faltering U.S. economy. The Dow Jones industrials, down 465 points in early trading, recovered to a loss of about 95 points. Let's see where she ends. Quote Link to comment Share on other sites More sharing options...
KevinL Posted January 22, 2008 Share Posted January 22, 2008 FYI...with regard to the topic that is the title of this thread... Dow Drops 465 Then Gains Most of It Back- AP Wall Street struggled to steady itself Tuesday after the Federal Reserve cut interest rates to restore stability to a faltering U.S. economy. The Dow Jones industrials, down 465 points in early trading, recovered to a loss of about 95 points. Let's see where she ends. Company stock is actually up about 1/2 % at the moment (53.58, up 0.33). Quote Link to comment Share on other sites More sharing options...
muck Posted January 22, 2008 Share Posted January 22, 2008 Methinks the time is right to retain the services of Mr. Muck to support the financial future of The Wolf household... PM me ... I'm always willing and able to talk a little business. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted January 22, 2008 Share Posted January 22, 2008 Again, I'm not sure what you're talking about. Are you sure what you're talking about? he's gonna have to watch jim cramer today and get back to you on that Quote Link to comment Share on other sites More sharing options...
Cunning Runt Posted January 22, 2008 Share Posted January 22, 2008 Re-financed in April '07. Looking to do it again. Can get 15yr fixed at 5%. Is the expectation that the rates are going to go down even more in the next couple weeks? I don't want to lock in yet, but I also don't want to miss an opportunity here. Quote Link to comment Share on other sites More sharing options...
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