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Old 07-14-2006, 09:27 AM   Topic Starter
oldandslow oldandslow is offline
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stock market doldrums
If oil holds at around 80.... (It's at 79.10 as I type)

I think the Dow may end up on the wrong side of 10,000 in a few days. We are down another 100 this A/M

ouch.

I don't like to play the market in the summer and usually buy in sept., sell in late april - but if it gets much lower I might try to pick up a little.
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Old 07-14-2006, 09:28 AM   #2
Donger Donger is offline
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I wonder if the Fed is going to start dropping the rate any time soon?
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Old 07-14-2006, 09:29 AM   #3
oldandslow oldandslow is offline
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Originally Posted by Donger
I wonder if the Fed is going to start dropping the rate any time soon?
They need too, imo.

However, with inflationary pressure of energy they will probably keep raising the rate.
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Old 07-14-2006, 09:30 AM   #4
Iowanian Iowanian is offline
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THEY SKY IS FALLING! THE SKY IS FALLING!
I don't think it's going to be as bad as you think. I've sent money to my investment guy to buy soon.

The oil prices are serious, but I think the rest of the problems causing this are fickleness of the market.
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Old 07-14-2006, 09:34 AM   #5
oldandslow oldandslow is offline
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Quote:
Originally Posted by Iowanian
I don't think it's going to be as bad as you think. I've sent money to my investment guy to buy soon.

The oil prices are serious, but I think the rest of the problems causing this are fickleness of the market.
Never said the sky was falling....
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Old 07-14-2006, 09:44 AM   #6
Iowanian Iowanian is offline
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you pretty much wear a hardhat outside every day from what I can tell.
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Old 07-14-2006, 09:52 AM   #7
sd4chiefs sd4chiefs is offline
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When the price of oil goes up my energy stocks go up but not this time.
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Old 07-14-2006, 09:52 AM   #8
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Quote:
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you pretty much wear a hardhat outside every day from what I can tell.
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Old 07-14-2006, 10:05 AM   #9
Iowanian Iowanian is offline
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I'm not a serious or seasoned investor....I'm fairly new to it, and don't buy individual shares at this time...I've got alot to learn.

I hope the chicken littles DO drive the market down for a couple of more days, then my guy can take my money and buy in for my daughter's funds and our personal stuff, and I'll make a killing right off the bat on the run up.

I invest for the longterm, so alot of the stuff that cause these problems seem fairly temporary to me, outside of oil issues.....which is why I bought into biodiesel.
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