Global Downturn today - what are your thoughts?

[john kane]

So I've read on a few different websites the relative massacre that has happened today across all markets.

What are your thoughts?

Mine are wtf did I start buying shares at the start of a global recession.

[MrBlue]

It's the end of the world. Buy water, shotgun, ammo, gold, and a bunker.


It's nothing we haven't seen before. My miners took a bigger hit last year. I'm cautiously optimistic and using this opp to see if I could get a good price for some companies I've been looking at.

[almostbusto]

I was up 20% on ACH this year. now, i am up about 6%. so i am sad.

but it will recover i think, so i'll just wait and see

[squiffy]

No one can predict the future. But in general, after a several up years, the market tends to experience a down year or two. And even in a good year, it's often two steps forward, one step back.

http://money.cnn.com/2007/02/27/mark...ion=2007022710

[latefordinner]

chinese market was way the [censored] overdue for a bit of a correction, though 8% is pretty harsh. my prudent bear fund is up today [img]/images/graemlins/smile.gif[/img]

[SplawnDarts]

Eh. Dow down 1.3%. Hardly exciting.

Anyone long in china got bitchslapped though. Can't say I really feel too bad about it.

[latefordinner]

i'm only long in STP and EWH and even that was enough.

china won't let the market crash before the olympics though.

dow 10k is coming.

[AvivaSimplex]

I'm pressing lightly on the panic button. China will fall farther tonight--by rule, stocks can only drop 10% in a day, and many of the big stocks were down 10% last night.

Time to shake your head, clear your eyes, and take a fresh look at the fundamentals. There's very little out there that is stupid cheap. 5.5% guaranteed is looking pretty good.

[latefordinner]

the stubborn bulls are foaming at the mouth about good buying opportunities. the long-suffering bears are loading up on their shorts. it's a sign of how complacent the market has been that there's so much jumpiness right now.

I actually think China will end up rallying a bit tonight, and if the Dow hits -2% today (still think it will) it might rally a bit tomorrow as well.

But I do think a year from now the recent DJIA highs will remain standing. Nowhere to go but down from here for awhile.

--

though with all the inverse leveraged ETFs out there right now it's pretty easy to diversify a bit without just popping all your money back into a savings account

[hlacheen]

Some good buying opps might show up over the next few days.