Nobody talking about the stock market?

[CosmicCowboy]

It's taking a big greasy dump today.

[clambake]

dead cat?

[sandman]

Was it unexpected?

[coyotes_geek]

500 point drop. Shades of 2008.

[coyotes_geek]

Was it unexpected?

Depends who you ask.

[jacobdrj]

Meh, I felt left out in 2008 because I was a poor college student, and didn't have the funds to invest significantly when I knew the market would inevitably rebound... This time, I still have no horse in the race, but now may be my chance to get in...

I view this is a great opportunity for those of us who were not in a position to take advantage of the market the last time...

[Creepn]

Meh, I felt left out in 2008 because I was a poor college student, and didn't have the funds to invest significantly when I knew the market would inevitably rebound... This time, I still have no horse in the race, but now may be my chance to get in...

I view this is a great opportunity for those of us who were not in a position to take advantage of the market the last time...

I'm thinking about getting in this time as well. What do you have your eyes on?

[coyotes_geek]

Meh, I felt left out in 2008 because I was a poor college student, and didn't have the funds to invest significantly when I knew the market would inevitably rebound... This time, I still have no horse in the race, but now may be my chance to get in...

I view this is a great opportunity for those of us who were not in a position to take advantage of the market the last time...

:tu Definitely a good time to start.

[sandman]

Depends who you ask.

Everyone outside the Beltway and university campuses... [/hyperbole]

[boutons_deux]

BNY Mellon imposes fee on rapidly growing deposits

Bank of New York Mellon Corp said it is being overwhelmed with deposits from investors fleeing risky markets, and said it will begin charging for above-average deposits.

The bank said this week it is unable to invest the "sudden significant" deposit increases because of their "transient nature," but it is concerned the deposits will weaken its capital ratios and raise its deposit insurance premiums.

If customers' balances are more than 10 percent above their averages in June, BNY Mellon said it will pass along some of its costs by charging the fee.

The fee reflects how global economic uncertainty spurred investors to pull assets from risky assets, creating difficulty in some stock and bond markets.

Traders said demand for U.S. Treasury bills soared on Thursday, as depositors drew down their balances and bought government securities. One-month T-bill rates dipped below zero.

http://www.reuters.com/article/2011/08/04/us-usa-banks-bny-idUSTRE7735JW20110804?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

[jacobdrj]

I'm thinking about getting in this time as well. What do you have your eyes on?

A couple of strong semiconductor companies, and some medical research companies... I have some research to do yet...

[Gordon Gekko]

This is like taking money from a baby. Poor saps. :lmao

[velik_m]

A couple of strong semiconductor companies, and some medical research companies... I have some research to do yet...

Also robot companies.

[CosmicCowboy]

dead cat?

could be. By definition thats what the bounce between a double dip recession is.

[Drachen]

Also robot companies.

And Lasers....

[ElNono]

My wife received her 401k summary yesterday for the last 6 months... the fund performance was 0.01% (according to the report, this was the average for mutual funds). 10 year performance was at 4.24% (slightly above average).

Ouch.

With the current government interest rates at 0-0.25%, among other things, it's very difficult to find liquidity out there.

[Drachen]

a month and a half ago I was up 7.xx% for the year in my 401k.. today I checked..-1.9%

Also, with jobs numbers coming out tomorrow at 8:30 et, this could really fall off a cliff.

[Drachen]

Great time over the last 3 weeks to be an options investor.

[Winehole23]

Quick take (http://www.theatlantic.com/business/archive/2011/08/the-global-economy-is-falling-apart/243114/) from David Indiviglio at the Atlantic.

[Th'Pusher]

It's dropped every single day since Boehner walked away from the grand bargain...too much of a pussy to put any revenues on the table.

[angrydude]

This was coming since qe2 ended. Most obvious thing ever. Anyone who was heavily in stocks this time deserved to get hosed.

[jack sommerset]

It's dropped every single day since Boehner walked away from the grand bargain...too much of a pussy to put any revenues on the table.

You mean to tell me BOEHNER caused all this shit!!!!!!!!!!!!!!!!!

GODDAMNIT MOTHER FUCKING TITTY SUCKING TWO BALLED BITCH! NOW IM MAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

How could he do this?!?That son of a bitch. He is fucking this country up. He is a terrorist. He is stipud. I fucking hate him.

Just kidding. It's barrys fault. Blame him.

[ElNono]

Quick take (http://www.theatlantic.com/business/archive/2011/08/the-global-economy-is-falling-apart/243114/) from David Indiviglio at the Atlantic.

Wow, storm picture included. the goods. :lol

[Th'Pusher]

You mean to tell me BOEHNER caused all this shit!!!!!!!!!!!!!!!!!

GODDAMNIT MOTHER FUCKING TITTY SUCKING TWO BALLED BITCH! NOW IM MAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

How could he do this?!?That son of a bitch. He is fucking this country up. He is a terrorist. He is stipud. I fucking hate him.

Just kidding. It's barrys fault. Blame him.

I was just stating a fact.

[ElNono]

Congress in the meantime is on vacation after exhaustion from dealing and wheeling for 3 weeks straight!

[SnakeBoy]

I was just stating a fact.

Obama was president every one of those days too...it's a fact.

[SnakeBoy]

:tu Definitely a good time to start.

Not quite yet.

[DMX7]

Obama was president every one of those days too...it's a fact.

It still well in the positives since he took over. However, the Speaker can't say tht same.

[Th'Pusher]

Obama was president every one of those days too...it's a fact.

yeah. I know. He was the one pushing for revenue increases.

[DUNCANownsKOBE]

Not quite yet.
This. Today's crash was only the tip of the iceberg, and a lot depends on how the government deals with this crash. If the government doesn't borrow money for a short term fix, this market could be in for a BIG crash that leads to a LONG recession.

[Winehole23]

Congress in the meantime is on vacation after exhaustion from dealing and wheeling for 3 weeks straight!:lol

[ChumpDumper]

They need the time to talk with their brokers.

[jman3000]

I'd highly recommend moving your 401k into a money market. I luckily did it about 3 weeks ago when I had a feeling the market rose too fast in the past couple of months (I don't really follow the DOW as much as I do individual sectors) and volatility was going to completely take over. Not sure if everyone has that option, but I'm with Mercer and they do.

My buddy got burned today pretty bad when he put a buy stop order on a silver ETF. Silver's fall from about 11 am to 2 pm just looks plain scary on a 1 hour chart. Usually when the economy goes down people stock up on precious metals... but today everybody got out of everything.

The MM account will pretty much take your appreciation down to a trickle... but it's better than losing your ass.

Man that paragraph goes everywhere, but today was very exciting for market watchers.

[angrydude]

This. Today's crash was only the tip of the iceberg, and a lot depends on how the government deals with this crash. If the government doesn't borrow money for a short term fix, this market could be in for a BIG crash that leads to a LONG recession.

True. But why is that? It's because the market simply would never have been this high in the first place without being propped up with all the previous "short term" fixes.

So now we're damned if we do, damned if we don't. There is no way to move forward without getting killed.

but make no mistake about it. No chance in hell they're letting the market fall like this for long. It's all going to come back up. No, we're gonna get hosed when our money becomes worthless. Best place to put your money is out of the dollar.

[Capt Bringdown]

Wall Street’s Euthanasia of Industry (http://michael-hudson.com/2011/07/the-euthanasia-of-industry/)

[DarrinS]

At least public employee pensions are safe. Must be nice.

[ElNono]

At least public employee pensions are safe. Must be nice.

I'm not so sure, tbh. Ultimately, whose fault is it?

[SnakeBoy]

This. Today's crash was only the tip of the iceberg, and a lot depends on how the government deals with this crash. If the government doesn't borrow money for a short term fix, this market could be in for a BIG crash that leads to a LONG recession.

Not only what our govt does but also what happens in europe, which is the main driver of todays crash. I have no clue what's going to happen but I'm not expecting anything good.

I put all my "gambling" money into gold (stocks not physical) a week ago. I think it's a pretty safe bet that it gets into the $2500 range in 2012.

[DUNCANownsKOBE]

Best place to put your money is out of the dollar.
Pretty much.

[DUNCANownsKOBE]

One thing the SEC should do again is indefinitely forbid short selling.

[Wild Cobra]

I'm thinking about getting in this time as well. What do you have your eyes on?
Whatever you look at, try to bottom fish of course.

[ElNono]

Wall Street’s Euthanasia of Industry (http://michael-hudson.com/2011/07/the-euthanasia-of-industry/)

He's got a point in that Barry is so much tilted to the right, that the GOP had to appeal to the teapotty extreme-right just to make him look like he's even leaning left.

[Wild Cobra]

My wife received her 401k summary yesterday for the last 6 months... the fund performance was 0.01% (according to the report, this was the average for mutual funds). 10 year performance was at 4.24% (slightly above average).

Ouch.

With the current government interest rates at 0-0.25%, among other things, it's very difficult to find liquidity out there.
And as long as the elite continue to sell us out, it will be difficult.

[ElNono]

One thing the SEC should do again is indefinitely forbid short selling.

Lots of money is moved through that though. They're hard bets and a lot of money changing hands. I agree with you that from a predatory and pressure standpoint, it should be disallowed. I just don't see it realistically happening.

[ElNono]

And as long as the elite continue to sell us out, it will be difficult.

I still can't tell when you're wearing your "free the rich" suit or your "che guevara freedom fighter" rebellion suit.

[DarrinS]

I'm not so sure, tbh. Ultimately, whose fault is it?

Who's?

[ElNono]

Who's?

The politicians that agreed to the terms of such pension benefits?

Truth be told, a lot of those pension funds in a lot of states (like NJ) have been raided more than once...

[SnakeBoy]

Best place to put your money is out of the dollar.

I don't know about that.The world is on fire and the dollar is still the safest currency on the planet.

Investors were running to the dollar today...
http://latimesblogs.latimes.com/money_co/2011/08/markets-plunge-bond-rally-treasury-muni-yields-economy-recession-gold.html

[DUNCANownsKOBE]

Tbh I lost around $50 in the market today (in college so I don't have more invested) and at my work all part time employees (some full time even) starting next week are on indefinite leave because the place has so little business.

:lol the economy

[Drachen]

One thing the SEC should do again is indefinitely forbid short selling.

cool, I will go buy some puts.

[RandomGuy]

You mean to tell me BOEHNER caused all this shit!!!!!!!!!!!!!!!!!

GODDAMNIT MOTHER FUCKING TITTY SUCKING TWO BALLED BITCH! NOW IM MAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

How could he do this?!?That son of a bitch. He is fucking this country up. He is a terrorist. He is stipud. I fucking hate him.

Just kidding. It's barrys fault. Blame him.

It's neither. The economy was just worse off than most in the investing sector realized.

[RandomGuy]

Wall Street’s Euthanasia of Industry (http://michael-hudson.com/2011/07/the-euthanasia-of-industry/)

Good gravy, that was long. Have to read it later.

[RandomGuy]

Who's [fault is it]?

http://public.wsu.edu/~brians/errors/who's.html

WHO’S/WHOSE

This is one of those cases where it is important to remember that possessive pronouns never take apostrophes, even though possessive nouns do (see it’s/its). “Who’s” always and forever means only “who is,” as in “Who’s that guy with the droopy mustache?” or “who has,” as in “Who’s been eating my porridge?” “Whose” is the possessive form of “who” and is used as follows: “Whose dirty socks are these on the breakfast table?”

Your welcome. :p:





Yeah, I did that on purpose.

[Drachen]

well at least the jobs numbers helped a bit

[RandomGuy]

I'd highly recommend moving your 401k into a money market. I luckily did it about 3 weeks ago when I had a feeling the market rose too fast in the past couple of months (I don't really follow the DOW as much as I do individual sectors) and volatility was going to completely take over. Not sure if everyone has that option, but I'm with Mercer and they do.

My buddy got burned today pretty bad when he put a buy stop order on a silver ETF. Silver's fall from about 11 am to 2 pm just looks plain scary on a 1 hour chart. Usually when the economy goes down people stock up on precious metals... but today everybody got out of everything.

The MM account will pretty much take your appreciation down to a trickle... but it's better than losing your ass.

Man that paragraph goes everywhere, but today was very exciting for market watchers.

When gold finally takes an equally huge dump, I will be laughing long and hard.

[coyotes_geek]

Not quite yet.

Meh. Depends on your situation. Rookie investors with long time horizons who will be investing in monthly incriments don't really need to worry about trying to time the market here. If you're a trader, yeah, might want to stay on the sidelines for a little while longer.

[coyotes_geek]

well at least the jobs numbers helped a bit

Well, for about half an hour..............

[boutons_deux]

job numbers aren't even enough to keep up with population growth, which requires about 150K new jobs/month just to break even. The job numbers, for Human-Americans, suck.

and 3/4 of those new jobs are $15/hour or less, aka, the working poor that you right-wingers want to force to pay income taxes so they have some skin in the UCA game.

[JoeChalupa]

Jobs need to be 200,000 and even more from what I've heard and it will still take years to recover.

[DMX7]

I'm interested in the quality of these "jobs". Are they jobs like from McDonald's hiring binge or are they salaried wage jobs with benefits?

[boutons_deux]

75% of the 1.8 M jobs added after 8M jobs were lost in the Banksters' Pearl Harbor
Attack were $15/hour or less. iow, no benefits, no sick days, the working poor. Let's tax the hell out of the lazy, cheating bastards

[Wild Cobra]

We simply will have no foreseeable job recovery until something is done to help bring exported jobs back to our shores. Higher taxes will just export even more jobs.

Now the stock market is a different thing. It can survive and grow, but few people directly have market holdings outside of retirement accounts.

[Agloco]

http://public.wsu.edu/~brians/errors/who's.html

WHO’S/WHOSE

This is one of those cases where it is important to remember that possessive pronouns never take apostrophes, even though possessive nouns do (see it’s/its). “Who’s” always and forever means only “who is,” as in “Who’s that guy with the droopy mustache?” or “who has,” as in “Who’s been eating my porridge?” “Whose” is the possessive form of “who” and is used as follows: “Whose dirty socks are these on the breakfast table?”

Your welcome. :p:





Yeah, I did that on purpose.

:lol

Decoded message from RG: "Yeah, I did that on purpose."

You might as well have included instructions on your/you're while you were at it.




When gold finally takes an equally huge dump, I will be laughing long and hard.

Given the general fear in the market right now and the excess liquidity, when do you think that will be? Or do those factors matter at all?

[JoeChalupa]

I'm interested in the quality of these "jobs". Are they jobs like from McDonald's hiring binge or are they salaried wage jobs with benefits?

A job is a job. Salaried people are no better.

[JoeChalupa]

Manufacturing job in the USA I fear are gone for good. Companies simply cannot compete with the cheaper labor costs overseas. Some have tried but with higher wages, benefits, etc., it makes it almost impossible.

[Drachen]

Well, for about half an hour..............

It turned pretty much when I posted that. :lol

[Agloco]

A job is a job. Salaried people are no better.

Not all jobs are equal........are they?

I'm thinking DMX7 was talking about something above minimum wage. Micky D's jobs generally don't qualify unless you're in management.

When I think of a salaried position, I think of a job around 26k+ with benefits.

[coyotes_geek]

It turned pretty much when I posted that. :lol

You jinxed it! :)

[RandomGuy]

[QUOTE=Agloco;5368167
Given the general fear in the market right now and the excess liquidity, when do you think that will be? Or do those factors matter at all?[/QUOTE]

Much of gold's run up has come from the entry of a lot of new artificial demand (read: speculative, not from say, industry or the like) from new ETFs and other derivatives. Commodities that have seen this kind of new money are generally considered to have vastly increased volatility as a result.

Gold, as a hedge against inflation, is generally seen as a safe haven asset that retains value.

A government credit downgrade will force interest rates up, and may cause some inflation even without economic growth. We may very well see this, and it will support gold prices in the short term.

What will really slam gold is an actual slowdown in the Chinese/Indian economies, or a significant recession in the US or Europe.

Given the fiscal crisis has forced austerity measures on EU/US governments, there is a very good possibility of a recession in one, if not both. Remember that the way GDP is measured includes all government spending. Cut that significantly, and unless private industry immediately takes up the slack, and you WILL have an economic slowdown.

Once demand in China's main export markets levels off or even drops, that will raise DE-flationary pressures, as Chinese inflation has been driving inflation in the rest of the world as well. (read up on commodities)

The problem with the current crisis in Europe is that the entities that have been backing up private financial institutions, i.e. governments, are themselves starting to come under pressure.

I think it will come to a head within a couple of years. Given the nature of the run-up in gold prices, the decline will be breathtakingly fast when it does happen. I think China is in for a shock at about the same time period.

Caveat:
My opinion. These are large changes, and although I am fairly confident in them, I would say they are in no way 100% certain.

scott, our resident PhD in economics may have some additional perspective.

[RandomGuy]

A job is a job. Salaried people are no better.

A job is a job, when you are putting food on the table. I don't think he meant that one person is better/worse because of their job than anyone else.

When you are measuring the economy though, there is a difference between getting 200,000 people into a $9/hr job, and getting 200,000 into a $19/hr job.

Obviously, we all benefit more from the second than the first.

[Drachen]

You jinxed it! :)

Stop blaming Barack Obama, or John Boehner! The state of the US economy is my fault!

[Drachen]

Much of gold's run up has come from the entry of a lot of new artificial demand (read: speculative, not from say, industry or the like) from new ETFs and other derivatives. Commodities that have seen this kind of new money are generally considered to have vastly increased volatility as a result.

Gold, as a hedge against inflation, is generally seen as a safe haven asset that retains value.

A government credit downgrade will force interest rates up, and may cause some inflation even without economic growth. We may very well see this, and it will support gold prices in the short term.

What will really slam gold is an actual slowdown in the Chinese/Indian economies, or a significant recession in the US or Europe.

Given the fiscal crisis has forced austerity measures on EU/US governments, there is a very good possibility of a recession in one, if not both. Remember that the way GDP is measured includes all government spending. Cut that significantly, and unless private industry immediately takes up the slack, and you WILL have an economic slowdown.

Once demand in China's main export markets levels off or even drops, that will raise DE-flationary pressures, as Chinese inflation has been driving inflation in the rest of the world as well. (read up on commodities)

The problem with the current crisis in Europe is that the entities that have been backing up private financial institutions, i.e. governments, are themselves starting to come under pressure.

I think it will come to a head within a couple of years. Given the nature of the run-up in gold prices, the decline will be breathtakingly fast when it does happen. I think China is in for a shock at about the same time period.

Caveat:
My opinion. These are large changes, and although I am fairly confident in them, I would say they are in no way 100% certain.

scott, our resident PhD in economics may have some additional perspective.

Well gold is already displaying some strange behavior.
http://finance.yahoo.com/blogs/breakout/day-wall-street-141813062.html?sec=topStories&pos=7&asset=&ccode=

[DarrinS]

http://public.wsu.edu/~brians/errors/who's.html

WHO’S/WHOSE

This is one of those cases where it is important to remember that possessive pronouns never take apostrophes, even though possessive nouns do (see it’s/its). “Who’s” always and forever means only “who is,” as in “Who’s that guy with the droopy mustache?” or “who has,” as in “Who’s been eating my porridge?” “Whose” is the possessive form of “who” and is used as follows: “Whose dirty socks are these on the breakfast table?”

Your welcome. :p:




Damn iPhone autocorrect




Yeah, I did that on purpose.[/QUOTE]

[clambake]

your boss gave you permission to get an iphone?

[DarrinS]

your boss gave you permission to get an iphone?

Yes, my wife said it was ok.

[clambake]

Yes, my wife said it was ok.

you don't stand up to her either?

[FuzzyLumpkins]

I have always found it quite hypocritical that so called conservatives who support the stock market as a tenant of our economic system are against gambling.

[ElNono]

When gold finally takes an equally huge dump, I will be laughing long and hard.

When interest rates go back up, and you see the market evening out, cash out your gold and wait for the next market crash and economic downturn.

It's a lot easier to determine when you have to get away from gold than to determine when the market is going to take another major dump, IMO.

[DarrinS]

I have always found it quite hypocritical that so called conservatives who support the stock market as a tenant of our economic system are against gambling.

I'm not. I'd rather have casinos than wait in line behind all these dumb fucks buying scratch-offs and lotto tickets.

[cheguevara]

down 200 points in 1 hour

[coyotes_geek]

down 200 points in 1 hour

Not as bad as I thought it would be TBH. Most of the Asian/Euro markets were down around 3%.

[RandomGuy]

I would bet the freak out will continue.

It would not surprise me to see it keep falling for a while, but I think people are going to over-do it on the downside.

I think a lot of money is leaving stocks for good.

[MannyIsGod]

Stock Market ADD is funny to me.

[CosmicCowboy]

The hilarious thing is that the market moves up and down are generally influenced by financially astute traders and trading houses, fund managers, etc.

Did these people not notice the US was running up it's credit card recklessly?

NOTHING has fundamentally changed from last Friday to this morning except some guys on Wall Street in suits noting that the US was going to have a problem paying down it's debt if they didn't get seriously politically.

Uhhhh...these other smart money guys didn't already know that?

Suddenly we have a financial Armageddon?

Naaaa...I don't see that happening...I figure the big smart money will jump back in later today after the sheeple quit selling.

[Spurminator]

"Smart Money" sold in order to scare the "sheeple" into selling, which drove prices down so that Smart Money could reinvest at lower cost and see more gains later.

[ElNono]

I'm sure some people shorted waiting on the downgrade news, and now are cashing in.

It's the other 99.9% of investors that are sweating it...

[MannyIsGod]

The hilarious thing is that the market moves up and down are generally influenced by financially astute traders and trading houses, fund managers, etc.

Did these people not notice the US was running up it's credit card recklessly?

NOTHING has fundamentally changed from last Friday to this morning except some guys on Wall Street in suits noting that the US was going to have a problem paying down it's debt if they didn't get seriously politically.

Uhhhh...these other smart money guys didn't already know that?

Suddenly we have a financial Armageddon?

Naaaa...I don't see that happening...I figure the big smart money will jump back in later today after the sheeple quit selling.

Thats why I called it ADD. Its so dumb because as you pointed out - nothing has fundamentally changed at all.

[SnakeBoy]

Thats why I called it ADD. Its so dumb because as you pointed out - nothing has fundamentally changed at all.

You're seeing capitulation right now. People are taking their toys and going home. I would call that a fundamental change.

I hope it continues. DOW 7k would be an awesome oppurtunity.

[coyotes_geek]

Not as bad as I thought it would be TBH.

OK, it's as bad as I thought it would be. :(

[CosmicCowboy]

You're seeing capitulation right now. People are taking their toys and going home. I would call that a fundamental change.

I hope it continues. DOW 7k would be an awesome oppurtunity.

Actually, having 10 trillion+ of wealth vanish right now is not really a good thing.

[SnakeBoy]

Actually, having 10 trillion+ of wealth vanish right now is not really a good thing.

That's true for some people but it would be a very good thing for me.

[Wild Cobra]

You're seeing capitulation right now. People are taking their toys and going home. I would call that a fundamental change.

I hope it continues. DOW 7k would be an awesome oppurtunity.
I agree.

If I was sure it would drop much farther, I would change my current investment ratios, but still purchase in stocks. I'm still happy buying stocks at lower rates for the time being.

[TDMVPDPOY]

130b whipe of aus sharemarket ina couple of days, not that it worries me...fkn gold :(

keep on tankin, and buy in apple shares...

[Wild Cobra]

130b whipe of aus sharemarket ina couple of days, not that it worries me...fkn gold :(

keep on tankin, and buy in apple shares...
Hey...

The more it tanks, the cheaper I buy in at.

Of course, I am expecting it to recover.

[ElNono]

crofl putting retirement money on this clusterfuck...

[ElNono]

That's true for some people but it would be a very good thing for me.

Did you short or you're golden?

[DUNCANownsKOBE]

It's amazing how retarded Americans think the S&P credit downgrade has anything to do with the companies' stock they invest in.

[SnakeBoy]

Did you short or you're golden?

I'm golden baby! :lol

[ElNono]

I'm golden baby! :lol

:lol

[angrydude]

Thats why I called it ADD. Its so dumb because as you pointed out - nothing has fundamentally changed at all.


That's because nowadays the stock market has very little to do with the fundamentals. I mean though, who didn't see this coming? The market falls below a head and shoulders top on Friday, then the US rating goes down over the weekend?

Either one of those by itself could cause this to happen. Not to mention we've been in essentially a bear market since around march. That last spike up in July was an obvious sucker's rally.

[coyotes_geek]

Seems timely. :)

W4hfdaC7eL4

[Drachen]

It's amazing how retarded Americans think the S&P credit downgrade has anything to do with the companies' stock they invest in.

You can make a case for ignoring S&P, but investors are spooked because a consensus downgrade (and the increased interest rates which follow) will have a very real effect on the companies that one chooses to invest in.

[Wild Cobra]

Seems timely. :)

W4hfdaC7eL4
LOL...

That's funny.