The Dow got HAMMERED
 

Closed down 530.94. The Volatility Index (VIX) is at 28.03. Above 25 is called "True Fear." Above 30 is the "Chicken Little" scenario. I guess the sky isn't falling JUST yet...
http://sparta.zoonet.org/DowDrop.jpg

http://www.cotep.org/forum/picture.p...pictureid=1046

I have a BIL who is deep into the market. Been texting with him all day. He is a liberal democrat. I been hammerin' him with.."I hope we slide into a Depression, then all you liberals can have a wet dream cause we will have income equality as we're all broke". Well, he didn't like that message, so I asked him.."what, only other peoples' money can disappear?" I been poundin' him for hours on end, wishing we would all go bankrupt. Told him I would pick out a skyscraper for him to jump off when the market crashes. He's probably mixing likker and xanax by now....

funny

Nah. I still have gains. I don't trade short term. The broader markets have been lower recently.
Just remember, when the crowd panics, buy.

Just don't try to catch a falling knife ;)


http://www.cotep.org/forum/picture.p...pictureid=1046

Stealing that!

Not something I came up with.

http://www.investopedia.com/terms/f/fallingknife.asp

http://www.cotep.org/forum/picture.p...pictureid=1046

Yup, my 401k is getting beat up but, I'm holding on and buying more. It'll flip soon and I'll have more in the pot.

Jake's piggy bank is safe and secure on my dresser. All my good sh** is in my safe. I'm good

Yup, the contrarian view has made me quite a tidy profit over many years. :cool:

Dow down over 200 today. As I was saying...:rolleyes:

http://www.cotep.org/forum/picture.p...pictureid=1046