Well......THE Bill just passed

[gumpsgirl]

Yeah! Thanks for throwing in that bit of humor there banter!

 

[DrakeMaiden]

Wow! So after the bill passed the Dow dropped 484 pts. If you look at a chart for the day's trading that indicates the time of the bill passing, it is quite an impressive picture!

 

[mtnhomechick]

Well let me reveal........I trade stock. No, not a day trader.......a frequent trader.

I would recommend that the whole market knew this bail out would not work.

I am 99% cash right now.....the small percent is a bond fund which pays me interest every month.

My advice..........take it or leave it......Cash is King.

I figure 8,000 for the Dow. And it will lay there.

JMO

 

[Reinbeau]

Funny, that's the same number (8000) that was rolling around in my head the other day. The bubble has burst, folks. Now the real trouble begins. Watch the former high-rollers fall, it isn't going to be a a pretty sight.

 

[PurpleChicken]

Quote:
Now it's getting interesting. I was all cash/money market until yesterday. I couldn't
help but pick up a few shares of GE after they dumped most of their commercial paper
yesterday. I may hang on to those for a while.

My 401k's lost NOTHING.

 

[mtnhomechick]

Well.....Ge is 40% Financial. They might bounce since we the taxpayers are now supporting the Financials ( while they buy eachother out and we pay for the worthless paper ( cdo's) ).

I would sell it on a rally tho.

That's just what I would do.

 

[DrakeMaiden]

Quote:
Same here, cause I never had one (by design). I don't believe in money out of thin air.

 

[PurpleChicken]

Quote:
I was thinking the same. Great minds think alike.

Stocks are so much more interesting than politics.

 

[mtnhomechick]

DFS is giving 5.21 percent on a cd right now.....FDIC insured. Doubt the commom man can beat it.

 

[TheOLDNewChick]

This is MY generation, MY future they're messing up.


THANK YOU.

*edited for content**