Is it possible for the Dow to be at 0?

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  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Fighting Hellfish wrote:
    here's my advice for this market. Find companies that are heavily shorted, and buy them. At this point, they have declined so much, that the shorts will close their positions, inflating prices. I believe more in a buy and hold strategy, but some money could be made short term here

    I'd just add that you need to be wary of buying banks, ANY banks ... except MAYBE JP Morgan, which still could move down more, but will NEVER dissapear.

    That, and watch out for any companies that have high debt loads, or have recently done distressed stock sales.

    Other than that, sure, go ahead and do some bottom fishing now,
    i would just add the caveat: dollar cost average in to this SLOWLY.

    Don't just throw everything at it tomorrow.
    Take small nibbles and wait for some more good signs.

    One intra day 2x-bottom does not a recovery make.
    We could still (and probably will) have a wild ride from this point.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • Fighting Hellfish
    Fighting Hellfish Posts: 3,175
    PJSerf wrote:
    Its 50 companies. Here is the chart for when it would halt trading.. this may be based off of 10% when they designed it.

    http://www.nyse.com/press/circuit_breakers.html

    i used to know that
  • Fighting Hellfish
    Fighting Hellfish Posts: 3,175
    DriftingByTheStorm wrote:
    I'd just add that you need to be wary of buying banks, ANY banks ... except MAYBE JP Morgan, which still could move down more, but will NEVER dissapear.

    That, and watch out for any companies that have high debt loads, or have recently done distressed stock sales.

    Other than that, sure, go ahead and do some bottom fishing now,
    i would just add the caveat: dollar cost average in to this SLOWLY.

    Don't just throw everything at it tomorrow.
    Take small nibbles and wait for some more good signs.

    One intra day 2x-bottom does not a recovery make.
    We could still (and probably will) have a wild ride from this point.


    good points, all. esp. about the banks.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Solat13 wrote:
    Actually gas is getting relatively cheap again.

    I filled up for 2.81 last night and the price of oil is dropping.


    Wow, it is still $3.45-$3.70 here for the cheap gas.

    I did just make a large transfer to my TD Ameritrade account. I'm going shopping on Monday.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Jesus christ.
    The crybabies on CNBC are whining that something NEEDS to be done over the weekend, or they are worried the markets will crash again on monday, and the TED & LIBOR will spike again.

    This is just absurdity.
    Today was called as a bottom by every trader and their mother.
    That doesn't mean SHIT, except for the fact that every trader and their mother is going to try and cover shorts on monday, and think about going long.

    This is market psychology almost 100% at this point,
    and why on fuck would these idiots bumble that by repeating this mantra of "Fear fear fear! NEED INTERVENTION NOW!" going in to the weekend?

    WTF?
    Even if it IS necessary to get more intervention in short order, could we at least not ACT like it is the end of the world?
    The traders had a "good" day today, and are hoping for something better next week.
    Lets not deflate them by friday at 9pm. :mad:
    Its like they WANT the market to keep moving down.
    Weird.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • ccRyderzz
    ccRyderzz Posts: 163
    MattyJoe wrote:
    Not without every company going completely out of business.
    SO wake up people wake up!! write the letters post the posts?? Please stand with me on the quest to fix this planet Shining stars find the little voice of courage to fight the good fight to remember THE CIVIL WAR to remember
    the bloodshed of our ancestors to recall the 58,000 men and woman who died for Our freedoms WAKE UP SEE THE TRUTH see your way clear to the end.
    We have horses we have water we have good food we have farms we have the world at our hands we till the field we walk the walk we talk the talk .. we are the owners of the FREE WORLD we are teh ones who will win and they will fall
    down and all the money in the world will not save their souls
    No one will know how to survive until they try living in the woods. and to what end? I would rather be in the woods with a mountain and a fire with Friends telling ghost stories and making smores.. SOON THE STAGE will fade soon the fires light will flicker and die out and only the ASHES will be there of the world we knew before.. IT will change in the WINK of an eye Change? and be the same only the bad guys will be standing in the FOOD box lines to feed their family If they have a family? I am sorry no room for meanness in my world Oh god I want to go ICE FISHING and MOOSE hunting and can anyone give me a ride to the store?? LOVE PEACE LETS GET IT TOGETHER PEOPLE
    UNITED WE STAND TALL AND UNITED U-KNIGHTED?? HMMM imagine
    PAUL MC
    CARTNEY HEAR OUR CRYS FOR HELP IN AMERICA>> WE NEED YOU TO HOST A CONCERT IN EUGENE OREGON>>>

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