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View Full Version : Who is getting hammered by the stock Market


Fastbird
10-10-2008, 01:40 PM
I for one am, and it's putting a SERIOUS hurting on my financial position. My portfolio is down over 60% in the past 2 weeks. Just getting hammered from everywhere something fierce.

That said......


I wish I had a ton of cash to throw at GM. Under $5.00 and you know they're not going anywhere. That's at a 58 year low and is bound to correct to the high side.
Chopstix
10-10-2008, 02:16 PM
I for one am, and it's putting a SERIOUS hurting on my financial position. My portfolio is down over 60% in the past 2 weeks. Just getting hammered from everywhere something fierce.

That said......


I wish I had a ton of cash to throw at GM. Under $5.00 and you know they're not going anywhere. That's at a 58 year low and is bound to correct to the high side.

+1:hang:
OutCast
10-10-2008, 03:00 PM
a better question might be "who is NOT getting hammered by the stock market right now". Unless you're close to retirement or already there and have everything in stable returns you're probably hurting.

my 401k has turned into a 200k
bricez28
10-10-2008, 03:21 PM
im too dumb to play the stock market, i wish i knew how tho :(
BLOWNDFIZ
10-10-2008, 03:33 PM
Oh yeah, I'm right there with you. Down nearly 40% for the year.:death:
Skillet
10-10-2008, 03:55 PM
I'm saving up for when it bottoms out. 7000-7500ish. Then I'll start buying. I don't have much in stock right now. Just small bits in things like Southern Company and Coca Cola.
IronOutlaw
10-10-2008, 04:16 PM
im too dumb to play the stock market, i wish i knew how tho :(

Ha, im right there with you.
Fixxer99TA
10-10-2008, 05:52 PM
a better question might be "who is NOT getting hammered by the stock market right now".

I like this observation. :D
The SRZ
10-10-2008, 06:04 PM
I for one am, and it's putting a SERIOUS hurting on my financial position. My portfolio is down over 60% in the past 2 weeks. Just getting hammered from everywhere something fierce.

That said......


I wish I had a ton of cash to throw at GM. Under $5.00 and you know they're not going anywhere. That's at a 58 year low and is bound to correct to the high side.

Sean,
How much do you need? :D I think they're going to file for bankruptcy but that's just my opinion. Every time some claims they're solvent--they go belly up w/in weeks of not days.
Milk Man
10-10-2008, 06:46 PM
0% of 0 = 0, so its not effecting me lol... but it is effecting everyone around me which in turn is effecting me so damn...
CALL911
10-11-2008, 06:03 PM
I for one am, and it's putting a SERIOUS hurting on my financial position. My portfolio is down over 60% in the past 2 weeks. Just getting hammered from everywhere something fierce.

That said......


I wish I had a ton of cash to throw at GM. Under $5.00 and you know they're not going anywhere. That's at a 58 year low and is bound to correct to the high side.


Not me pal. My money is all wrapped up in my high yeild savings account, and it safely pays me consistantly every month :)

As for GM, I do not agree with you. Just today theres serious talk of GM merging with Chrysler just to keep the companies a float. GM is not doing well, and hasn't for a while. I pray the Camaro resurects GM, but I don't know that they will make it that long.
Fastbird
10-11-2008, 06:15 PM
Not me pal. My money is all wrapped up in my high yeild savings account, and it safely pays me consistantly every month :)

As for GM, I do not agree with you. Just today theres serious talk of GM merging with Chrysler just to keep the companies a float. GM is not doing well, and hasn't for a while. I pray the Camaro resurects GM, but I don't know that they will make it that long.

A single car isn't going to resurrect GM. At all. But GM has been making the right moves. Consolidation, improved quality, reliability, ect. Problem is that those improvements don't mean squat with the overall market the way it is. Give it time, I think anyone that puts into GM now and sits on it will reap the benefit in the future.

As for the Chrysler thing......I just learned of that one yesterday. Up in the air there.......could be good for both if GM allowed Chrysler to maintain independence to a degree, could be the dagger that does them both in.
CALL911
10-11-2008, 06:17 PM
A single car isn't going to resurrect GM. At all. But GM has been making the right moves. Consolidation, improved quality, reliability, ect. Problem is that those improvements don't mean squat with the overall market the way it is. Give it time, I think anyone that puts into GM now and sits on it will reap the benefit in the future.

As for the Chrysler thing......I just learned of that one yesterday. Up in the air there.......could be good for both if GM allowed Chrysler to maintain independence to a degree, could be the dagger that does them both in.

It's possible to argue that about most any stock right now that they are so low. Too risky for me man. I know its cheep, but I do not have the faith in GM jumping back anytime real soon. There's just no evidence of why it would.
Tony Shepherd
10-11-2008, 10:25 PM
I have been hit hard also. I have been watching Ford stock also. It was down to 2.08 per share yesterday.:secret:
Fastbird
10-11-2008, 10:47 PM
I have been hit hard also. I have been watching Ford stock also. It was down to 2.08 per share yesterday.:secret:

She actually dipped down to 1.96 at one point. I don't invest in Ford though because I have zero faith in that company. Had a VERY bad taste left in my mouth after owning a FoMoCo product that was unreliable and had a couple of dealerships that didn't know what they were doing.