Just sold my stocks at 10min to closing...

[RonPaulVolunteer]

After 3 weeks of watching my stocks just edge lower and lower, it's time to sell. Now that word has come out that only 4 Republicans in the house support the Paulson plan, there's a good chance this bailout will not go through. At the very least, in its current form. Overnight happenings are spooking the markets. We are at a precipice right now where the markets could go into free-fall and lose 40-50% of their value in one day. They may also go back up for a while, but the downside risk is higher than any upside potential IMO.

Now, I only had a tiny amount in stocks, considering some others, but I have watched my value trickle to just 15% of what it was worth 16 months ago. That's a HUGE loss.

I'll be buying silver once my check arrives.

 

[ItsTime]

sorry man

 

[angelatc]

The markets a long term game.

 

[RonPaulVolunteer]

The markets a long term game.

Um, thank you for letting me know.

 

[John of Des Moines]

I'll be buying silver once my check arrives.

I hope you told them to Fed Ex your check or maybe they could wire it to your bank then buy your silver pronto, pronto

 

[RonPaulVolunteer]

I hope you told them to Fed Ex your check or maybe they could wire it to your bank then buy your silver pronto, pronto

I'm going to pick it up from my local office.

 

[angelatc]

Um, thank you for letting me know.

Everybody's got an opinion, but I rarely sell when the market is down. I do sell when a stock is down.

 

[jd603]

I still have gold stocks.

Also, I expect a rally after the bailout plan passes, it will be temporary of course, might delay things another few months. Might want to re-enter some positions if the plan is about to pass, then sell on the emotional buying.

Gold will also rise after bailout plan passes.

If it doesn't pass, market will TANK. Gold stocks may actually edge up in that scenario too or at least hold their value.


This is how I'm playing right now, doesn't mean its right for you.

Meanwhile I just got another physical silver shipment in, feels good locking something real away.

After 3 weeks of watching my stocks just edge lower and lower, it's time to sell. Now that word has come out that only 4 Republicans in the house support the Paulson plan, there's a good chance this bailout will not go through. At the very least, in its current form. Overnight happenings are spooking the markets. We are at a precipice right now where the markets could go into free-fall and lose 40-50% of their value in one day. They may also go back up for a while, but the downside risk is higher than any upside potential IMO.

Now, I only had a tiny amount in stocks, considering some others, but I have watched my value trickle to just 15% of what it was worth 16 months ago. That's a HUGE loss.

I'll be buying silver once my check arrives.

 

[JoeH]

You play with fiat long enough, you get its actual value. Nothing.

The entire thing is a house of cards and lies supported by a corrupt monetary system.

You should be glad you have anything left at all, lol.

Just wait till everyone else figures this out... the S is going to hit the fan.

Welcome to the real world.
-Morpheus

 

[mconder]

Some people are conveniently trapped into keeping their money in the markets through the whole 401K scam. They are heavily penalized for taking money out. They can't even borrow their own money without paying interest.

 

[qh4dotcom]

Where are you going to get your silver from?

 

[RonPaulVolunteer]

Where are you going to get your silver from?

http://AJPM.com

 

[gaazn]

Some people are conveniently trapped into keeping their money in the markets through the whole 401K scam. They are heavily penalized for taking money out. They can't even borrow their own money without paying interest.

I think we should term this tax the "Cox tax" after SEC head Chris Cox. By banning short sales in financial companies, investors who make automatic or periodic payments into mutual funds or 401ks are forced to buy in to these companies at inflated prices. We are talking about billions of dollars.

 

[gaazn]

I hope the stock market drop doesn't take commodity stocks down with them. It could be universal deflation across all asset classes.