Off-Topic: Hopefully the panic is over

Lake Martin Topics

(Lake Martin Specific)

111,174 messages

Updated 6/1/2024 11:59:20 AM

Off-Topic

Lakes Online Forum

83,645 messages

Updated 5/30/2024 11:45:00 PM

Boat Maintenance

Lakes Online Forum

5,195 messages

Updated 5/31/2024 4:36:53 AM

Lake Martin Fishing

(Lake Martin Specific)

4,171 messages

Updated 5/29/2024 10:51:34 PM

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,261 messages

Updated 5/28/2024 6:31:10 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Lake Martin SCUBA

(Lake Martin Specific)

169 messages

Updated 5/31/2023 1:39:35 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	MartiniMan -
	Subject:	Hopefully the panic is over
	Date:	10/13/2008 10:48:48 PM

This precipitous drop was based on pure emotion and not the real fundamentals of the markets. What I find interesting is that historically these big corrections amount to 30%-40% and I believe at its peak low the drop was around 40% +/-. Those people that panicked are going to lose their shirts and those that didn't will clearly benefit. And those that have lots of cash are going to make an absolute killing and should. I read a quote that said someone who doesn't sell in the midst of a panic is called an investor.

I am hopeful that we will continue to recover although I think the markets will be very volatile for some time until all the sub-prime mess created by Fannie and Freddie works its way out of the system. In the meantime I think we can expect a slowdown in the economy and lots of bad news interspersed with good news (lower oil prices, decent profitability, etc.).

The best thing those of us that are not looking to live off our IRA's and 401k's in the very near future can do is to hang tough. It will recover and the markets historically go up 7% over the long haul. If you have cash now is the time to buy some great stocks trading at record low PE's.

Other messages in this thread:

View Entire Thread

DOW Closing - Maddog - 10/13/2008 4:02:51 PM

DOW Closing - water_watcher - 10/13/2008 4:23:10 PM

2 years ago vs Now - water_watcher - 10/13/2008 4:36:41 PM

But tomorrow - Mack - 10/13/2008 5:02:19 PM

Hopefully the panic is over - MartiniMan - 10/13/2008 10:48:48 PM

Hopefully the panic is over - old blue chair - 10/14/2008 8:36:09 AM

Hopefully the panic is over - Mack - 10/14/2008 7:30:17 PM

Hopefully the panic is over - MartiniMan - 10/14/2008 9:51:13 PM

Hopefully the panic is over - Mack - 10/15/2008 9:05:42 AM

Quick Links
Lake Martin News
Lake Martin Photos
Lake Martin Videos