View Full Version : positive stock market energy needed
July 16th, 2002, 10:40 AM
Well, the dow just keeps sliding.
I am heavily invested in high risk stocks and lately have been losing close to $1000 a week in my portfolio. I would ask for a quick thought, not for me, but for america. That we turn around our fortunes. That we band together. That we stop this spiralling toward a quagmire unseen since 1929.
ACK! $129 left until i start eating into my capital! So much for the last 5 year.
End scary rant.
July 16th, 2002, 03:16 PM
Prayers and energy sent for America. One poor lady here had investments of around 140,000 dollars and now they are only worth about 6,000 dollars. This is really scary!
July 16th, 2002, 03:22 PM
*refrains from political lecture*
Well, the energy should be sent out for honesty on the part of big corporations - it's the only way to restore consumer confidence, and thus, the market. If the Senate bill passes and some of the biggest offenders start getting real jail time, it will help.
I've lost several thousand dollars too.
But markets fluctuate, and I do anticipate things will stabilize very soon, and start to go better by the end of the year.
July 16th, 2002, 04:10 PM
Guess it can be a good thing to be broke. We lost nothing as we have nothing to invest.
But I have seen how it has affected my parents who are retired. I wish all of you the best.
July 16th, 2002, 04:36 PM
Even when a market's in free-fall, a smart person can make some money. Short-selling is probably going to be a popular trend in the next few months.
Twig, I'll think positive and prosperous thoughts for you, and for others who may be losing their retirement nest eggs in this fiasco. May Justice find the liars and the cheats responsible for this situation, and hold them to full account for their actions.
July 16th, 2002, 04:55 PM
Positive energies flowing........but I don't know what good it will do against the tide of negativity...............
July 16th, 2002, 06:19 PM
:huh: What tide of negativity?
July 16th, 2002, 10:14 PM
cant you feel it PB?
Americans need a reason to feel confident about thier investments, with all this scandal being exposed on Wall ST, im sure this has got to be having an affect on would be investors..
July 16th, 2002, 10:35 PM
It probably does have an effect on would-be investors: it keeps them from getting involved. And right now, that's a good thing.
The DIJA is not the only indicator of economic strength. It's not even a reliable indicator.
Anyway, no, I don't feel any negative energy about. Not here, anyway. :) Probably within the confines of Wall St., and rippling outward from there. . . but that's a different story. People don't like losing money. . .
I feel bad for the people who bought into the dotcom hoopla back in the late 90's. . . I really do. But a little common sense would have shown that stock prices can't be based on something like a catchy name or a flashy business plan. Stock values are based on earnings. People forgot this, and the market spent about a year correcting for that.
Now, the market is correcting for several years' worth of corporate accounting. It sucks that innocent people have to suffer for the greed of a few individuals. . . but when has that not been so?
July 16th, 2002, 10:40 PM
I guess I can see it more because I work in the Entertainment industry,
the casinos arent as busy as they normally are this time of year,, except for on the weekeds and when the headline shows come to town
July 16th, 2002, 10:45 PM
**Nods** Everyone's hurting, I know. . . **soft smile** tourism is always hardest hit whenever there's a recession, because it's the first thing people stop doing.
July 16th, 2002, 11:11 PM
well that is one of the good things about what i am gonna be doing in myu new position, they always need security personell and my computer backround helps :)
there is all the overtime i want because the Casino control commision has strict public safety and asset protection laws ..
you cant even pick your nose in that place without it being on film
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