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OT. Is this Black Tuesday? Dow-down-down-down

Discussion in 'Uncategorized Threads' started by Bocephas, Feb 27, 2007.

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  1. Bocephas

    Bocephas Well-Known Member

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    Well,all things that go up has to come down.

    Did you lose your $ss today?

    I hope I am wrong,but this just may be a start.

    Too many crooked SOBs in there.


    Bo
     
  2. lumper

    lumper TS Member

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    I hope it is the start ...

    I hope it drops down down down, so far down that the global economy will take notice and the price of gas will also drop down down down, so far down that the global economy will notice and the price of shot will drop down down down, so far down that the stores/ranges will have to pay us to buy the shells.
     
  3. Robb

    Robb Member

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    hairy, I agree. Any advice on selling 07 crop?
     
  4. Bocephas

    Bocephas Well-Known Member

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    Robb,the farmers back here are saying hold,whatever thats worth.

    $7.00 corn by Oct.?
    I don't believe this. I have heard $4.02 is break even point on corn alcohol.


    Bo
     
  5. j2jake

    j2jake Well-Known Member

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    Gas here is up up up ! Jake
     
  6. starshot2b

    starshot2b TS Member

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    This is not a repeat of Black Monday. Back when that happened (87), the DOW was roughly at 2200. When it dropped 500+ points, it lost 22% of its value. Today, the DOW is over 12,000 and the 500 point drop (although it did recover a little) was only about 3% of its value. Can't compare, but it's still a big deal. Don't sell -- hang on. This all started because China changed the way "speculation" that drove their index to record highs this past week could be done; the other world markets took a hit as well. The financial analysts here say it's the percentage that's important, not the points. Please don't flame me, this is straight from our analyst. He also said that our "media" is creating more of a problem than the "world" media is.
     
  7. shannon391

    shannon391 Active Member

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    Ouch, down 416.02
     
  8. bigclown

    bigclown TS Member

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    Fox News indicated that individual investors were not selling out...these are pre-programmed computer-driven sell-offs by large funds. They point out that the stock market has done nothing but go up-up-up since last June...an unprecedented run-up without any corrections. Apparently, they believe this is the long anticipated correction and a recession is not expected. Best Regards, Ed
     
  9. Robb

    Robb Member

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    Bo, 7 by Oct. and 15 for beans sounds good to me just not sure if I can pass up the present levels. So far everything I've done has been too cheap ( I guess) but much better than recent years. Boy, If we could figure out the market I'd let someone else raise it.
     
  10. Bocephas

    Bocephas Well-Known Member

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    Robb, a lot of the guys play the futures here.
    You know buy short,buy long.
    I seen a guy lose 620 acres a few years ago when beans went nuts.
    He could not cover his margins.
    Some of the farmers here are crazy,$4,000.00 and $5,000.00 per acre on prime ground now.
    Seen the same thing at $3,000.00 when Carter was in.
    Corn and beans were high.
    Then 20% and higher interest rates.
    Lot of family farms lost.
    I don't know where you are at as far as land prices.
    I am in IL. in the Mississippi river bottom ground,flat and black gumbo.
    As far as the grain price we live close to the river,if you know what that means,as I am sure you do.

    Bo


    Bo
     
  11. claydust0069

    claydust0069 Member

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    I am sure that both my kids and I lost money today. Just about couldn't help it if you havemoney in stocks. I won't lose any sleep tonight over it. The point above about percentage versus points is a very good point. A loss of 416 points seems big but it was only about 3.3%. Nothing like 1987.
    I happened to be watching the ticker with my two daughters around 3 pm when it slid from 250 to 540 in literally a few minutes. I looked at the girls and said, "Girls, you and dad are losing money pretty quickly right now." However, as far as I could tell nothing really changed in my life. Still hasn't nearly 3 hours after close.
    But it was pretty crazy. I had never seen it fall that fast in that short of time.
     
  12. starshot2b

    starshot2b TS Member

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    With regards to the rapid plunge - there was a computer glitch that happened (see MSNBC link above for further explanation) that made it look like the DOW took a nosedive in literally seconds. Actually, it didn't, but it sure was scary to look at anyway.
     
  13. Tripod

    Tripod Well-Known Member

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    Location:
    Iowa man!!
    sell your corn now!!
     
  14. Bisi

    Bisi TS Member

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    I would jump out the window but I only live in a 1 story house. I would probably only break a arm or leg and then have medical bills on top of the loss today.

    I have been expecting a correction, and haven't invested any new money the last several months. Tommorow might be a good time to pick up some bargarins.
     
  15. blizzard

    blizzard Active Member

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    Fluctuatians!? well FLuck you white people too!!!!! sorry.. couldn't help it..


    brett d.
     
  16. d endicott

    d endicott Member

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    Must be bush's fault--------everything else is. Buy Buy Buy
     
  17. jimx200

    jimx200 Member

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    Another good buying opportunity now. Corn prices will go higher due to greater amounts headed for the ethynol plants. ADM is busy trying to contract/buyout these plants and this will only drive the price of corn higher. If a wet spring and planting is down or delayed...prices will zoom.
     
  18. dbcook

    dbcook TS Member

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    today & for the next few days present a golden opportunity to buy in the stock market.. nobody lost any money today if they were smart enough not to sell. dwain
     
  19. grnberetcj

    grnberetcj Active Member

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    My gold stocks were up.....alomost 11% this past week.

    Buy low....sell high...

    Curt
     
  20. Roger IL

    Roger IL TS Member

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    Shot prices will be down by Friday............LOL.........Roger
     
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