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I believe there is a breaker that clicks if it drops too much in one day.
WTF happens if the Dow Jones just continues to plummet down to 6000, 2000, or just puts up the big Gooseegg?
What real world things happen?
Besides people losing a S*** load of money in their 401K...retirement..etc.
Anybody have an idea?
I believe there is a breaker that clicks if it drops too much in one day.
Last edited by BacktoBasics; 10-09-2008 at 02:45 PM.
If the economy is built with such importance on the DJIA, and it continues to drop a duece on everything. Do all of their business just lose their net worth, and start firing everyone?
yes
poor Pete, he gets his own show and then his company goes under
It will stop somewhere. I don't see 2000, but I could see 6000. Large corporations will have to cut way back because they won't have the net worth to borrow on the scale that they could before, even if credit is available.. There could be wholesale job losses in the 20% range. The construction industry would implode taking another 10% of the economy with it. Bankruptcies from people overloaded with debt that lost their jobs will skyrocket making even more "money" disappear from the system. The "service industry feeding the service industry" economy we live in now will implode taking all but the most financially solid (read as no debt) small businesses with it...This is just in the US.
Don't forget this is a global thing. It will knock emerging markets back into the stone age and people in third world countries will starve by the hundreds of thousands. War in Former soviet Republics/Eastern Europe/Balkans is a distinct possibility dragging the rest of the world with them.
When it all finally shakes out a prolonged worldwide inflationary recession is quite possible
Have a Nice Day!
Ordo ab chao ensues.
is that some code?Ordo ab chao ensues.
Its going to be like Mad Max
Ordo ab chao? Nah, that would be reality if the stock market hit zero.
Holy . Just in the time it took to write that post the market dropped another 2%. It's down 6%+ in one day, the market is dropping like an anvil and theres still 5 minutes left.
Order out of Chaos? - and if yes, how so?Ordo ab chao ensues.
......is that all.It will stop somewhere. I don't see 2000, but I could see 6000. Large corporations will have to cut way back because they won't have the net worth to borrow on the scale that they could before, even if credit is available.. There could be wholesale job losses in the 20% range. The construction industry would implode taking another 10% of the economy with it. Bankruptcies from people overloaded with debt that lost their jobs will skyrocket making even more "money" disappear from the system. The "service industry feeding the service industry" economy we live in now will implode taking all but the most financially solid (read as no debt) small businesses with it...This is just in the US.
Don't forget this is a global thing. It will knock emerging markets back into the stone age and people in third world countries will starve by the hundreds of thousands. War in Former soviet Republics/Eastern Europe/Balkans is a distinct possibility dragging the rest of the world with them.
When it all finally shakes out a prolonged worldwide inflationary recession is quite possible
Have a Nice Day!
No , I better steal all the swag I can right now. Load up on Q101.9 Koozies, and Mix 96.1 T-Shirts
cool. maybe it drops so much that i can buy the entire market by myself!
You have to think about it. While these stock prices have gone down, what of real value have we lost since this crisis started? Do you still own everything you did? Do we still have the best infrastructure in the world?
While I think things can get pretty bad, we will not see a repeat of the Great Depression in this country due to the actual material wealth - and I don't mean TVS and Playstations - that we have in this country is immense.
Do me a favor, if you happen to meet Kid Crad at the big Clear Channel farewell bar b q. kick him in the nuts for me.
Fascism, more or less.
Yeah Manny, that's was I was thinking originally. If people expenses are inline with their earnings, should they see a big difference?
The entire Credit Card - Charge Now play later is now F'n with everyone.
It's like these companies said, "Hey, I know you can't pay for this now, but I trust ya" And now they got so greedy, and no one is paying them back, so they are F'd.
If the market hit zero (which it won't [I'm guessing it'll bottom out at 6500 in the worst case scenario]), it'd become a survival of the fittest situation where the governments of the world would have to be rebuilt. If the US crashes, they'd take down everyone else. Interesting to think about but in reality, all of this will have limited affect on the average American. Massive job losses may occur but I think it'd be relatively short term.
It won't be all bad. Big ticket items will be cheaper and so will gas.
As I suspected.
All this is just the precursor to Revelation. I bet you before too long the Anti Christ comes on the scene to "save" the day.
I wonder if he's been born yet?
If the market were to hit anywhere near zero you'd see our military actually get put to crazy use. Southern Iraq would probalby become the 51st state and I promise you we'd actually guard the Southern border because if you think we have immigration problems now you have no ing idea what could be like.
Canda would also become a really really really close friend. The US would actually come out OK considering how much food we produce but I feel really ing bad for the Euros cause the Russians would pretty much them out of oil and food.
What this means is that those of us young enough to take advantage can buy into stocks of blue-chip companies that are WAY undervalued right now. Company's that are profitable enough to be paying nice dividends are plummeting in the market. "Buy when others are selling" and you'll do just fine. Fortunes are being lost on this, and fortunes WILL be made, as well.
For Instance:
Buy big Blue.IBM, one of the 30 stocks that make up the Dow industrials, posted third-quarter results that beat forecasts and affirmed its full-year earnings forecast.
at this pace i will be able to buy the internets... .Mwahahaha!
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