How much wll the stock market drop?

T Pat · 2008-01-22, 08:41 AM

LOL, I guess 500 points at the closing bell
BofA,s financials are coming out today, My son in law heard rumors Friday that the Countrywide buyout isn't going to happen
Karmer predicted Friday that there will be a 2000 point drop within two weeks because the insurance companies that are insuring the subprime mortgages are going to be falling like domino's

Jim · 2008-01-22, 09:04 AM

Quote:

Originally Posted by T Pat

LOL, I guess 500 points at the closing bell
BofA,s financials are coming out today, My son in law heard rumors Friday that the Countrywide buyout isn't going to happen
Karmer predicted Friday that there will be a 2000 point drop within two weeks because the insurance companies that are insuring the subprime mortgages are going to be falling like domino's

I guess I am trying to be an optimist.

I didn't hear that the Countrywide deal was a bust. I did hear that BofA was in some trouble.

And Fonz...it's good to know that the US economy is causing problems around the world. About time someone bailed us out.

docholly · 2008-01-22, 10:20 AM

I had to go peep at my tiny little portfolio last night at 3am. On a "good" note, most of the stuff I bought was 2 days after the 1987 crash so I bought in when the market was like at 1890 and after 9-11 i moved most of the profits into either long term annuities or indexing funds. So as long as Dow stays at least around 8K I'm still pretty good for my original 10K investment.

Some good advice I received years ago while working for Salomon Bros....Buy it and Forget it. I know there are "other" schools of thought regarding this but if you buy what you love and use, how can you go wrong?

I don't think we've seen the bottoming out of the subprime market and an 800.00 windfall isn't going to go very far economy wise. Encouraging people to actually put money into savings so that banks can use it to loan to small emerging growth businesses will stimulate the economy and jump start the down trending job market. Of course this is what a Republican president is SUPPOSED to know but apparently the last few have lost that POV.

I was watching House Hunters INTL yesterday and the Caribbean is looking better and better.

Bassmaster · 2008-01-23, 03:44 PM

Quote:

Originally Posted by Jim

I guess I am trying to be an optimist.

I didn't hear that the Countrywide deal was a bust. I did hear that BofA was in some trouble.

And Fonz...it's good to know that the US economy is causing problems around the world. About time someone bailed us out.

I have a second mortgage for about 20,000 with Countrywide. I went this route to avoid paying PMI. I am able to write off the interest on this loan. If I paid PMI, that's about 100 a month out the door. Should I be concerned about the Countrywide problems or will the loan be bought by another company???

2008-01-22, 08:41 AM	#1
T Pat You can now put whatever you want in this space :) Join Date: Aug 2003 Location: Paridise Posts: 3,244	LOL, I guess 500 points at the closing bell BofA,s financials are coming out today, My son in law heard rumors Friday that the Countrywide buyout isn't going to happen Karmer predicted Friday that there will be a 2000 point drop within two weeks because the insurance companies that are insuring the subprime mortgages are going to be falling like domino's __________________ How To Keep An Asshole In Suspense I'll Tell You Later

2008-01-22, 10:20 AM	#3
docholly Nothing funnier than the ridiculous faces you people make mid-coitus Join Date: Aug 2003 Location: Sin-City USA Posts: 4,973	I had to go peep at my tiny little portfolio last night at 3am. On a "good" note, most of the stuff I bought was 2 days after the 1987 crash so I bought in when the market was like at 1890 and after 9-11 i moved most of the profits into either long term annuities or indexing funds. So as long as Dow stays at least around 8K I'm still pretty good for my original 10K investment. Some good advice I received years ago while working for Salomon Bros....Buy it and Forget it. I know there are "other" schools of thought regarding this but if you buy what you love and use, how can you go wrong? I don't think we've seen the bottoming out of the subprime market and an 800.00 windfall isn't going to go very far economy wise. Encouraging people to actually put money into savings so that banks can use it to loan to small emerging growth businesses will stimulate the economy and jump start the down trending job market. Of course this is what a Republican president is SUPPOSED to know but apparently the last few have lost that POV. I was watching House Hunters INTL yesterday and the Caribbean is looking better and better. __________________ Support Indie Porn Sites OMGoddess You know you need some Bling!!