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Time to be careful or run for the hills

Discussion in 'News & Current Events' started by Crabtownboy, Oct 9, 2014.

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  1. Crabtownboy

    Crabtownboy Well-Known Member
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    The chart on the DOW is looking more and more like a top. If I were in the market, which I am not having gotten out a few months ago, I would be very inclined to pull out of the market, hunker down and wait to see what happens in the next few months. The downward objective is 16250 on the DOW.
     
    #1 Crabtownboy, Oct 9, 2014
  2. righteousdude2

    righteousdude2 Well-Known Member
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    The ebola crisis is causing airlines to shake in the boots. Can you imagine how much world-wide travel restrictions would hurt airlines, that jet fuel, then service workers, vacation travel, and economies all over the world?

    I believe the DOW is reacting to ebola in the only way it knows how: Selling and running in order to protect their investments before the boom drops!
     
    #2 righteousdude2, Oct 9, 2014
  3. annsni

    annsni Well-Known Member
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    I wish we had money to buy as it drops but for now, we will continue to do what we've always done: just sit on our stocks. We have some oldies that were given to us by my FIL and they are worth a decent amount. That's our retirement funds. :)
     
    #3 annsni, Oct 10, 2014
  4. preachinjesus

    preachinjesus Well-Known Member
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    You can't have constant, upwards growth all the time.
     
    #4 preachinjesus, Oct 10, 2014
  5. InTheLight

    InTheLight Well-Known Member
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    A 6% drop in the Dow is not going to get me to run to the hills.
     
    #5 InTheLight, Oct 10, 2014
  6. pinoybaptist

    pinoybaptist Active Member
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    Warren B. Would be on a buying spree. But, then, that's what HE says in his books. How do we know what he'd really be doing.
     
    #6 pinoybaptist, Oct 10, 2014
  7. Bro. James

    Bro. James Well-Known Member
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    To trust in stock markets is to trust in uncertain riches--kind of like playing a slot machine. In the end, the house(Satan) wins. The roaring twenties is a good example--it all fell out in '29. Talk to someone who went through the Great Depression--some still survive, in nursing homes.

    Buy stock in New Testament Churches and Bibles--the dividends will last through eternity. "Where your treasure is, there will your heart be also."

    A world-wide stock market bust is one of the signs of the end of time. See Rev. 18.

    The next step in God's Plan: Jesus' return for them that are His.

    I wonder if Lot had stock in Sodom and Gomorrah? Remember Lot's wife.

    Are we ready? Our redemption draws neigh.

    Sell what you have, give it to the poor, follow Jesus.

    Even so, come, Lord Jesus.

    Bro. James
     
    #7 Bro. James, Oct 10, 2014
    Last edited by a moderator: Oct 10, 2014
  8. Salty

    Salty 20,000 Posts Club
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    Many became millionaires during the Depression
    Not necessarily - churches close their doors everyday ...
     
    #8 Salty, Oct 10, 2014
  9. InTheLight

    InTheLight Well-Known Member
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    Ecclesiastes 11
    1 Ship your grain across the sea;
    after many days you may receive a return.
    2 Invest in seven ventures, yes, in eight;
    you do not know what disaster may come upon the land.
     
    #9 InTheLight, Oct 13, 2014
  10. Crabtownboy

    Crabtownboy Well-Known Member
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    Only a very foolish person would trust in the stock market. However, a person can make a profit if they will work, read, research, study and buy and sell selectively. The market is like working at a job ... yea, it is a job if you want to make a profit. Successful work comes to those who WORK ... and rule #1 is never buy simply because your broker tells you to buy!

    Tithe your profits to your church.

    Guess that was fulfilled in 1929.
     
    #10 Crabtownboy, Oct 13, 2014
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