The Cellar - View Single Post - In deregulated markets, one can shout "FIRE"

glatt · 10-10-2008, 01:45 AM

This is the whole thing I don't respect about the stock market. The traders aren't making decisions based on facts any more. They are scared of their own shadows. That's no way to run a market. Are they stupid?

I keep trying to remind myself that I'm not retiring for a couple more decades, and I've got time to make this back, but Jesus, I've lost a lot of money in my 401k.

We need a strong reassuring figure to say, "Now, now. everything's going to be alright."

It's a feedback loop right now. "The market's going down. This is horrible. Gotta sell my stocks now!" I actually had a gut feeling that today was going to be a slight rebound day. It started off that way, but then it turned.

I wish I had a ton of money right now to buy stocks. Buy low. Sell high. That's how you make money. And it's lower now than it should be. Lots of bargains.

10-10-2008, 01:45 AM	#2
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	This is the whole thing I don't respect about the stock market. The traders aren't making decisions based on facts any more. They are scared of their own shadows. That's no way to run a market. Are they stupid? I keep trying to remind myself that I'm not retiring for a couple more decades, and I've got time to make this back, but Jesus, I've lost a lot of money in my 401k. We need a strong reassuring figure to say, "Now, now. everything's going to be alright." It's a feedback loop right now. "The market's going down. This is horrible. Gotta sell my stocks now!" I actually had a gut feeling that today was going to be a slight rebound day. It started off that way, but then it turned. I wish I had a ton of money right now to buy stocks. Buy low. Sell high. That's how you make money. And it's lower now than it should be. Lots of bargains.