Now panic?

[javasaurus]

Dow closes down more than 600 points, ending less than 8700. It was at about 14000 one year ago.

GM is at 1950s levels (down more than 30% today).

Cedar Faire (they own Cedar Point, King's Island, King's Dominion, Knottsberry Farm, etc.) is down more than 20% for the day.

Edit: Dow closed down nearly 700 points, ending less than 8600.

Comments

[bellev.livejournal.com]

Suntrust, really? I can see Disney and Apple (and already have some investment in both). Visa is a great choice. Not sure about the Six Flags and Sirius investments. Suntrust? I was thinking BoA.

[blueeowyn.livejournal.com]

We already have an interest in Suntrust doing well. My grandfather was one of the founding investors when it started. I used to be a BoA customer but their lack of clue and lack of customer service convinced me to jump to my current bank several years ago (I had originally been at a bank that was bought then BoA bought that bank. I briefly had checks for a bank that was two before the current owner (I had to buy new checks because they wouldn't honor the old ones).

Hmmm, I wonder what happened to my savings account from when I was a child. I never got to do much with it but I remember having a book and going to the mall with my Mom to get $. I think I got up to around $20 in it at one point (HUGE amount of money for me on my $.25/week allowance) but some of that was birthday/holiday $. I don't remember dealing with it at all once I was around 10. I guess maybe we closed it and moved it to something else.

[javasaurus.livejournal.com]

Suntrust is still an up-and-coming bank, still spreading.

They have great dividends.

Unless I'm greatly mistaken, they aren't as affected as other banks by the mortgage fiasco -- they were more careful in making loans, etc. Their price is being dragged down by the banking sector, not their internal problems.

BoA may also be good, and I'm sure there are other fine companies I didn't list. Because of my job, there are certain sectors I should not invest in, so I didn't mention anything from those.