Stock Market HOUSE-OF-PAIN
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Joined: Apr 2003
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w212 E63 / 996tt
Stock Market HOUSE-OF-PAIN
Hi all,
Sorry for being off topic but...i just have to vent
Is anyone seeing what is happening to our stock Markets?????
I can't be the only person getting my *** handed to me!!!!!
This is a thread to Vent.
Sorry for being off topic but...i just have to vent
Is anyone seeing what is happening to our stock Markets?????
I can't be the only person getting my *** handed to me!!!!!
This is a thread to Vent.
MBWorld Fanatic!
Joined: Mar 2004
Posts: 5,768
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From: South FL & NYC
Your worst nightmare...
I check my Scottrade ticker every minute....I am with you, Investors are scared to death. It is going to be a rough ride....Prepare for a stormy night.
Almost a Member!
Joined: Sep 2008
Posts: 59
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From: Milwaukee
2008 CLK 63 Cabrio 2006 SC Range Rover Sport H-D Road Glide
I just purchased a bunch and I mean a bunch of Southwest Airline stock back in June, I'm happier than a pig in mud right now, I've made well over 20% in a little over 3 months. Although I have not checked it today, now I'm a bit scared to do so. That's 1998 kind of returns. Too bad I can't say the same for my all my Motorola stock
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CLK 63 Black Series, 2009 S550, 2011 Range Rover Supercharged, BMW F800 GS Anniv Edition
Muni bonds are the way to go in this market...prob a bit late to start buying though...
Conditions are by far the worst I have ever seen. Let the election pass and the holidays and I'll bet we see a nice turnaround Q1 or Q2 of '09.
Conditions are by far the worst I have ever seen. Let the election pass and the holidays and I'll bet we see a nice turnaround Q1 or Q2 of '09.
MBWorld Fanatic!
Joined: Aug 2004
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
Join the club...
This is a grudge death match. We are all in the derby, and yes it will be a rough race.
Oh shiznit! Make sure to duck!
Oh shiznit! Make sure to duck!
MBWorld Fanatic!
Joined: May 2004
Posts: 1,197
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W221 S65 AMG
Wonder if we could hit a prolonged recession and possibly depression. The Northern VA is melting....AOL, Sprint/Nextel, Worldcom failed years ago and now Freddie Mac and Fannie Mae...all within 20 miles.
My house has lost 40% of its value in the past 3 years from the peak in March 2005. Every 1 in 100 houses are foreclosed.
Google is laying off 4K of 8K contractors and there has to be a lot of Wall Street Ibankers looking for jobs.
Beginning of a MESS.
My house has lost 40% of its value in the past 3 years from the peak in March 2005. Every 1 in 100 houses are foreclosed.
Google is laying off 4K of 8K contractors and there has to be a lot of Wall Street Ibankers looking for jobs.
Beginning of a MESS.
MBWorld Fanatic!
Joined: Oct 2007
Posts: 1,555
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From: Fairfax,VA
06 E55
Wonder if we could hit a prolonged recession and possibly depression. The Northern VA is melting....AOL, Sprint/Nextel, Worldcom failed years ago and now Freddie Mac and Fannie Mae...all within 20 miles.
My house has lost 40% of its value in the past 3 years from the peak in March 2005. Every 1 in 100 houses are foreclosed.
My house has lost 40% of its value in the past 3 years from the peak in March 2005. Every 1 in 100 houses are foreclosed.
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Super Member
Joined: Aug 2004
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From: Boston, MA
2010 E63, 2008 Range Rover Sport, 2010 GLK350
my a$$ is getting handed to me as well. I try not to look as I am long but IT HURTS!! On the plus side, took a risk and bought AIG at the close yday and it was 15% today. Selling FIRST thing tomorrow. Even with that, i am down quite a bit. its rough!!
MBWorld Fanatic!
Joined: Jul 2005
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From: OC
AMG E55, Stage 1, Strait Pipe from Primary Cats
Sold all my real estate in mid to late 2005, piled in china long and got out late 2007, have been all cash for most of the year and very happy about it.... I will be a home buyer soon but not yet. Today I started to accumulate large chunks of (OXBO>synthetic blood)and(CPST clean energy turbines) long on both. The sheep are getting slaughtered in this market....be careful
MBWorld Fanatic!
Joined: Aug 2006
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From: S.D Cali
CLS63
No stocks here, Just buying and selling cars. I pay my investors 18 -21% return on thier money. I do in-house financining with some of my car buyers. I then register the vehicle with the name of one of my investors set as lienholer. I back the note for the full term, If the note goes south I pay-off the account and we move on to another one. I get 100% of amount financed from my car sale, they get 18-21% return on their cash and we are all happy. I have been doing this for many many years. I also give up only 75% of amount financed and charge 24-26 % to the buyers 
Remember they are max
10k-12k notes/with bad credit. So do the math 24-26% on 25% of the note and another, up to 8% on 75% of the note =? a good return plus not to mention what I make on the front end when we sell the car.
Man that was a long speach.
Remember they are max 10k-12k notes/with bad credit. So do the math 24-26% on 25% of the note and another, up to 8% on 75% of the note =? a good return plus not to mention what I make on the front end when we sell the car.
Man that was a long speach.
MBWorld Fanatic!
Joined: Dec 2007
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From: Denver, CO
Formula Mazda, Beast Junior...400HP 135i
It is a very rough ride and many investors are getting their a** handed to them but there are also plenty of investors making a killing. In general, for everyone that looses, someone else wins. Even the bank bailouts can ultimately net massive profits for those involved as shocking as that may be to some. Hang in there, invest wisely, and find an advisor that knows what they are doing. Sad thing is that that is easier said then done!!!!!!!! 
Senior Member
Joined: May 2007
Posts: 286
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From: Northern Virginia
2005 E55 AMG
It is a very rough ride and many investors are getting their a** handed to them but there are also plenty of investors making a killing. In general, for everyone that looses, someone else wins. Even the bank bailouts can ultimately net massive profits for those involved as shocking as that may be to some. Hang in there, invest wisely, and find an advisor that knows what they are doing. Sad thing is that that is easier said then done!!!!!!!!
Very true... long term on some stocks will eventually offer a great return and one would be asking down the road why they didn't purchase more with certain ones being so cheap... think 5 years out at this point.
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
I am getting some cheapos and selling them when they rise. Just some experimentation without too much risk involved. My long term investments are riding and staying put at this point.
Speaking of cheap, anyone notice SIRI and WM? Some good increases. Perhaps I will hold on the 60 shares left in WM.
On SIRI, any thoughts on that? They are pretty cheap, under $1. Thinking about buying a few more hundred shares.
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From: Daytona, Florida
SL600
Good point.
I am getting some cheapos and selling them when they rise. Just some experimentation without too much risk involved. My long term investments are riding and staying put at this point.
Speaking of cheap, anyone notice SIRI and WM? Some good increases. Perhaps I will hold on the 60 shares left in WM.
On SIRI, any thoughts on that? They are pretty cheap, under $1. Thinking about buying a few more hundred shares.
I am getting some cheapos and selling them when they rise. Just some experimentation without too much risk involved. My long term investments are riding and staying put at this point.
Speaking of cheap, anyone notice SIRI and WM? Some good increases. Perhaps I will hold on the 60 shares left in WM.
On SIRI, any thoughts on that? They are pretty cheap, under $1. Thinking about buying a few more hundred shares.
They also don't rely on commercial paper at all, and have ridiculous liquidity...around $200bil. I think people are making that play out to be a LOT riskier than it really is. I will probably pick some up today.
Almost a Member!
Joined: Sep 2008
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From: Milwaukee
2008 CLK 63 Cabrio 2006 SC Range Rover Sport H-D Road Glide
Crazy week indeed, A few minutes ago I looked and the DOW was up 412, 3 of my big stock are at or near 52 week highs. I'm not the type of person to sit here all day a watch the tickers, but I'm a very happy man today.
MBWorld Fanatic!
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From: South FL & NYC
Your worst nightmare...
Let's see what happens...
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Joined: Feb 2005
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From: Atlanta
CTSV/6sp Grocery Getter
It has been a crazy market for sure over the past few days!
I picked up some WB bonds on Tues @$80 that are now trading at $97.50
I wish I would have purchased more!
The shorts were covering like crazy this morning!
I picked up some WB bonds on Tues @$80 that are now trading at $97.50
I wish I would have purchased more!
The shorts were covering like crazy this morning!
MBWorld Fanatic!
Joined: Oct 2007
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From: San Jose, CA
2007 E63 w/P30 and Eurotech CF Diffuser
I never could get my wife to settle the assets, now I can pay $100K less to buy her out of her half of the house. And with a 10yrs left at 4.75%, can't beat it!
MBWorld Fanatic!
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From: OC
AMG E55, Stage 1, Strait Pipe from Primary Cats
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
Bought some AIG.
Also I got SIRI as well picked up another 200 shares at .98.
WM is at 3.83 and rising....wise choice for me to keep WM.
Let's see where it goes...wheeeee!!!
Also I got SIRI as well picked up another 200 shares at .98.
WM is at 3.83 and rising....wise choice for me to keep WM.
Let's see where it goes...wheeeee!!!
Last edited by bigben320e; Sep 19, 2008 at 04:02 PM.
