Tim Ellsworth

11 Responses to “Dow down 500+ points”

1. Newman says:
   February 27th, 2007 at 2:21 pm
   

   While Gold is way up and oil is still on the rise. One of my favorite sites is www.kitco.com. One of my favorite places to buy is http://www.bulliondirect.com/index.jsp.

2. jasonk says:
   February 27th, 2007 at 2:40 pm
   

   Its bouncing back a little. Down a little more than 300 points.

   As I learned to say in broker school: “Time to buy!”

3. Peter R. says:
   February 27th, 2007 at 2:45 pm
   

   A big drop = deals to be had.

   The overall economic backdrop is still pretty decent, so I wouldn’t start stuffing cash under the mattress just yet.

4. Tim says:
   February 27th, 2007 at 2:46 pm
   

   You are a braver man than I, jasonk. It’s not pretty from a technical standpoint. I think there’s more downside to come. I’d predict Dow 11,750 before Dow 12,750.

5. jasonk says:
   February 27th, 2007 at 3:37 pm
   

   My crystal ball is busted, so I can’t say what will come next. Today’s downturn is a result of a huge selloff in China’s stockmarket, and that represents a very small blip on their radar. Like Peter said, there are deals to be had. I’m looking at a stock right now that has a 12 month price objective of $75, but with the downturn today, its at $39. That’s a pretty good profit in anybody’s book.

6. Tim says:
   February 27th, 2007 at 4:07 pm
   

   Wow, worst one-day drop in the market since 2001. Interesting.

7. Newman says:
   February 27th, 2007 at 4:59 pm
   

   Our whole dept situation as a nation concerns the crap out of me. The overall economic backdrop doesn’t look very decent to me.

   http://www.treasurydirect.gov/NP/BPDLogin?application=np

   Seems like a false sense of security.

8. steve b says:
   February 27th, 2007 at 7:33 pm
   

   So thats why I was buried with work today. But this will help my 401k in the long run. buy more shares with the automatic withdrawals from the pay check.

9. Scott Gladin says:
   February 28th, 2007 at 10:20 am
   

   Everyone, buy JetBlue!

10. Newman says:
    February 28th, 2007 at 11:01 am
    

    apparently my gold didn’t hold to well. Dangit!

11. jasonk says:
    February 28th, 2007 at 1:53 pm
    

    The DJIA was down about 3% yesterday, but my clients who were nicely tucked away in a large cap mutual fund lost less than 1%. And my clients who were in a high yield muni bond fund MADE money yesterday, and it is tax exempt.

    Contact me if you want to fire your broker and hire a new one :>)