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re: Dow futures fall 100 points

Posted on 8/24/15 at 7:13 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/24/15 at 7:13 am to
This is getting good. AAPL and FB getting mauled. Bior=techs as well.

And the VIX esoterics trading with large volume.

Fox business dude looks like he hasn't slept all night. Laffy.

This post was edited on 8/24/15 at 7:16 am
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 8/24/15 at 7:35 am to
Dow futures down 620 at the moment. Let that sink in, Six. Twenty.

Don't know if I have seen a drop this big in my lifetime, well, since I have been paying attention anyways.
This post was edited on 8/24/15 at 7:36 am
Posted by SharpDressedMan
Member since Jun 2015
256 posts
Posted on 8/24/15 at 7:35 am to
Nasdaq futures lock limited down
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 8/24/15 at 8:12 am to
It ain't pretty this morning.
Posted by TigerMyth36
River Ridge
Member since Nov 2005
39730 posts
Posted on 8/24/15 at 8:22 am to
Dow -850!

Yikes!
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 8/24/15 at 8:28 am to
V down 7.70 before the bell.
Posted by tiger 56
Severn, MD
Member since Dec 2003
1682 posts
Posted on 8/24/15 at 8:29 am to
Dow hit lower limit per bloomberg
Posted by baytiger
Boston
Member since Dec 2007
46978 posts
Posted on 8/24/15 at 8:30 am to
Pre Market trading seems like a load of bullshite. I'm relatively new to investing and I'm sitting here watching my money evaporate and there's nothing I can do about it until the market opens... how are these fricks allowed to get out early?
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 8/24/15 at 8:31 am to
quote:

how are these fricks allowed to get out early?


I said the exact same thing to a coworker this morning. I am not getting out, or planning too, but I agree 100% with you.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/24/15 at 8:34 am to
Anyone can trade premarket. It's over for now until power hour. Everything for the next couple of hours is the sheep being led to slaughter. Not everything. But I won't get into that right now.

Posted by STLhog
Nashville, TN
Member since Jan 2015
17718 posts
Posted on 8/24/15 at 8:38 am to
Iowa, you seem to know your shite around here.

Would you say its wise to get out of anything here or just sit tight and ride it out? I'm only 26 but I own quite a bit of S&P, AAPL, KR, ATT and PM.

I take it you have been around the block, what are your thoughts?
This post was edited on 8/24/15 at 8:39 am
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/24/15 at 8:44 am to
Don't sell. Don't ever do what everyone else is doing just because everyone else is doing it. If you made any mistake at all, it was not taking a bit off the top if you were previously up and putting it into another asset class.

You're 26. If you have some cash, stay patient and wait for some opportunity.

It's tough to watch, but always try to buy high and sell low. It's going down now, don't sell.
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 8/24/15 at 8:45 am to
Fidelity is a mess right now....locked V in at 64 and want out now with the run up......can't sell.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 8/24/15 at 8:47 am to
Welp, that's enough market for me today...
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 8/24/15 at 8:51 am to
It took a while but I slaughtered pigs on V.

I am out - good luck.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/24/15 at 8:57 am to
quote:

always try to buy high and sell low.
Say what?

I've obviously been doing it wrong all these years...
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80770 posts
Posted on 8/24/15 at 8:58 am to
Unless you are retiring in the next 5 years, don't succumb to the selling machine.

Posted by Toula
504
Member since Dec 2006
35399 posts
Posted on 8/24/15 at 8:59 am to
I've been waiting for a week like this the last 3 years.

First time having enough cash on the sidelines to take advantage of a market crash.
Posted by TigerDeBaiter
Member since Dec 2010
10262 posts
Posted on 8/24/15 at 9:00 am to
quote:

Unless you are retiring in the next 5 years, don't succumb to the selling machine.


My problem is, I was scheduled to roll over a 401K soon. I put it all in my money market for now. (Friday)
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/24/15 at 9:03 am to
quote:

Say what?

I've obviously been doing it wrong all these years...


Laffy. Typo, just a smidge busy this morning.

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