re: So with markets down this much in two days

Bought my first 6 shares yesterday

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I hope nobody here is panic selling and has extra cash to start buying when things settle down.

It's time like these when there's money to be made.

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I just buy every two weeks no matter what.

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I don't know if you're just trolling but if you're not, give them a call.

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It was nothing like that... Those were not easy days, but that kind of thought never crossed my mind, and never would because of financial difficulties.

This was not an atypical experience for people who graduated between 2002-2007.

The truth of it is that we were very fortunate... My 401k balance was not six or seven figures, so I didn't sweat it. I saved during that time in my 401k and those dollars had huge gains going forward. Five years after the civil engineering industry went through a large contraction, it flipped and all of the sudden engineers were valuable commodities. We were eventually able to sell our house for a modest gain, and when we moved up we saw large gains on the next house.

It's just a reminder for all of those young bucks out there... You learn your risk tolerance when things get difficult. Avoid debt, and don't follow the crowd. Yes in the long term the financial crisis shows up as a blip (and the current couple of days is a speck of a blip), but understand how some amount of high quality bonds can provide safety if things hit the fan.

Many people say they can stand strong when the market tanks, but it becomes more difficult when you lose your job because business has dried up. Now you might have to draw on assets that have tanked in value if you own only stocks.

What do yall think the market will do this week? If that is even affair question. Will it stabilize? keep going down? Gain strength in the next few weeks?

I didn't relize there was such a dip the past few days until I got back at work today.

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that a 20-30% correction wouldn't worry me at this time.

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Anything more than 20% is considered bear market and you need fundamentals to drive the whole market down 20%. The only time the market fell more than that and we weren’t in a recession was black Monday 1987, which rebounded very quickly.

Since making the transition to a contrarian, the bigger the panic, the bigger the buying opportunities. This is great because going back to work next week and will be steady buying again. After saying that, I do have some built in cushion by asset allocation of roughly 60% stocks and 40% bonds in total market index funds. When times are great, I'm in 60, when panic, I'm only in 60. Over time the 40 grows too and becomes enough by itself to meet basic expenses.

If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:

If you can dream—and not make dreams your master;
If you can think—and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build ’em up with worn-out tools:

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: ‘Hold on!’

If you can talk with crowds and keep your virtue,
Or walk with Kings—nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run,
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son!


I'm guessing dark days are approaching. The whole world is built on the back of IOUs. We are due a crash of a generation thanks to the central banks tom foolery from the that crash a decade ago. But you never know, maybe, just maybe a sound leader will walk the economy back from the edge. As others have said, when things are at its worst is the best time to buy. Best example is the collapse of the Soviet Union or post WWI Germany after their failed communist revolution. People came into those countries and bought enormous resources for pennies on the dollar.

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The market is so fragile right now...any sign of a bad earnings report sends it crashing while ignoring any earnings beats.

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Yeah, I was really hoping LAM might get a bump with their earnings beat, and they got about a day's worth. Right back to dipping within 24 hours. Not so sure where the bottom is.

ATT has 200B in debt and 50B in cash

Dang I bought about 20 shares of lrcx because people seemed to love it on this board. You have me worried now