Stocks give up all of their 2011 gains in vicious sell-off Wall Street on Thursday had its worst day since the depths of the 2008-09 recession and financial crisis, as fears mushroomed worldwide about the faltering global economy. Nearly every major U.S. stock index now is in the red for 2011. The numbers tell the ugly tale: --- The Dow Jones industrial average (charted below) plummeted 512.76 points, or 4.3%, to 11,383.68, the lowest close since Dec. 9, 2010. The Dow now is off 1.7% year to date. http://latimesblogs.latimes.com/money_co/2011/08/wall-street-on-thursday-had-its-worst-day-since-the-depths-of-the-2008-09-recession-and-financial-crisis-as-fears-mushroomed.html
The more it goes down, the more opportunity there will be to purschase at discounted prices. I'm into long term in investing or making a sale once the desired anual gain is reached. I would suggest anyone seriously considering investing to read 'The Intelligent Investor' by Benjamin Graham. It is an absolute must for those involved in the American Stock market. By the time you get halfway through the book, you will have a much greater realization of how the market works and how to behave in any circumstance that the market creates.
I'm really hoping I get this second job so I can use half that money to invest and safe. If you can't beat them fuck it join them.
Agree with everything you've said. I'm a fan of Benjamin Graham, as well as his famous protege - Warren Buffett.
I hope among the more ambitious here on this site, this provides info for investigations into a next phase of life. Will never know until you try. http://www.investopedia.com/university/beginner/#axzz1X0AF9Y8
There is an Investment Thread in the Men's Locker Room. Perhaps you should consider bringing that over here. But thanks for the thread and link.
Good point. As a matter of fact, I'll ask the webmaster to merge both of the threads into one thread.
