stock market in free fall...

[Clandestino]

Well one thing is for sure Clan, I'll be 50 bucks richer on Nov 5.

you just may you son of a ! this economy may have hung mccain. i'm hoping the talkers just talk and don't actually go out and vote.

[CosmicCowboy]

Just checked

Australia's tanking.

Japan/Hong Kong is next.

This is going to be a wild ing ride tomorrow.

[TDMVPDPOY]

australias tankn 5-7% already....

not really concern at all, had the fed didnt pass that $700b market was going to tank anway, now all of that gain after the announcement is loss.

[hater]

maybe we can all chip in a few dollars and buy a GM factory. Have a monster party and then burn the place down after

[RuffnReadyOzStyle]

Go back and read my initial post. Check the line I bolded in the quote.

Now, there was once a point when humans couldn't fly either. There was once a point when all the land they had accessible to them was where they could walk. There was once a point where we didn't have electricity in our cities. There was once a point where you weren't a bleeding vagina who cried over every ing thing they could. Oh wait, cross off that last one because that time has never existed.

God damn, you can't even keep track of what you say so how am I supposed to expect you think outside the box?

I know what I said, and I didn't conflate the two ideas. You can't ing read. And this is a waste of my time.

Adios.

[CosmicCowboy]

We are officially in the .

Hong Kong and Japan just opened down 10%

This is gonna get ugly tomorrow.

[TDMVPDPOY]

We are officially in the .

Hong Kong and Japan just opened down 10%

This is gonna get ugly tomorrow.

didnt japan had 0% interest a few years ago, still its consumers didnt spend either...

[RuffnReadyOzStyle]

i just cant wait any longer till my govt actually passes the legislation protecting depositors 20k maximum if a bank goes bankrupt....

i shouldve bought american dollars when they were against the aussie dollar, be pretty good selling it out now....

Why exactly do you think the big 4 Australian banks are threatened here? They are some of the largest banks in the world, have at least AA credit ratings, and have already written off large chunks of their exposure to the US/Euro crisis. Interest rates have just fallen 1% which has taken a lot of pressure off their mortgage holders.

Added to that, the Australian economy is still moving along fine which the IMF (always a bit sceptical about the Aus economy) just confirmed this week.

Or were you talking about smaller banks?

[RuffnReadyOzStyle]

Yeah, right. A large chunk of the western world has been living far beyond its means for a decade, what with a large proportion of the population buying loads of crap they can't afford ON CREDIT, and it had to come home to roost some time. What exactly is " ing stupid" about pointing that out? This credit crunch isn't just about the sub-prime mortgage lending, which was basically a big scam on the poor and stupid, it's about entire economies living beyond their ability to pay for what is consumed. Please enlighten my stupidity, oh wise one.

Any fool could see that the US, and the West in general, was in for a gut-check, it was simply a matter of when it was going to happen. I've had money in the bank for the last 3 years because I could see this coming, I just didn't know when it was going to happen. Now that stock markets are flushing out all the bad debt, the system should return to some kind of sanity - how long that will take is the question. Sure, the crunch is hurting people, but you can't live on credit for ever, and a lot of people have put themselves in credit holes so they can live lifestyles they could never really afford. It's harsh, but I have no sympathy for those people because they did it to themselves.

Which totally ignores the fact that a lot of what was "lost" NEVER EXISTED IN THE FIRST PLACE - it was a bunch of figures founded on nothing but market optimism and fancy smokescreens.

As you well know, the real value of the market is based on the productive capacity behind it, and much of the bull market wasn't founded on increased capacity to produce.

The market correction is a good thing - it is going to force our societies to start living in reality, within our means, again. Painful, but necessary.

And as for retirement funds, those who are set to retire in the next 3-5 years are going to do it tough, but everyone else will be okay. The market will eventually recover and go bullish again, hopefully based on real economic expansion this time... massive investment in sustainable infrastructure, anyone? After this deep recession/depression bottoms, and with better and cheaper technology coming online all the time, investment in renewable energy and water technology will be the big leap that will fuel the next bull cycle. Mark my words. The world can't grow without sustainable energy and water.

What have we really lost? A bunch of electronic numbers. The markets will settle at some point. I'm not sure where that is, but when they settle and find a bottom - and they will - we only have up to go from there.

Yeah, companies are going to go under and thats going to raise unemployment, but we'll rebound. And we'll learn some lessons that need to be learned. The fact is that as a society we've lived beyond our means for a long time and the market is going to correct for that but once it does we'll start growing once again. And maybe this time we'll grow in a smarter manner.

So let's see, the I'm a ing idiot but you say the exact same thing 3 pages later.

The only difference is that I'm predicting that the next up cycle will be on the back of growth in sustainable energy and water infrastructure, and
you're just saying "smarter".

Maybe you read my posts after all... you sure like to pass them off as your own.

[Das Texan]

good.


i hope tomorrow is the day the market really tanks and hits bottom so we can start building back up.


its way overdue after all this stupid posturing.

[MannyIsGod]

So let's see, the I'm a ing idiot but you say the exact same thing 3 pages later.

The only difference is that I'm predicting that the next up cycle will be on the back of growth in sustainable energy and water infrastructure, and
you're just saying "smarter".

Maybe you read my posts after all... you sure like to pass them off as your own.

You're so insecure Ruff. When you say you're done you should try to mean it. Everyone had the same opinion of you today as they did yesterday. Its OK. I made a statement on one of your stupid statements, but I didn't say all of your post or all of your posts were incorrect.

But if it makes you feel better, sure, I'm coping you. You're my hero. I can't wait for the thread where I get to copy you on how to talk to women. That'll be a fun one.

So, are you still done?

[smeagol]

Stock markets are headed for another sell-off. Dow may dip below 8,000.

Doomsday scenario rapidly approaching. And the bad news hasn't hit the real economy (which it will in the coming Qs) yet.

[MannyIsGod]

Stock markets are headed for another sell-off. Dow may dip below 8,000.

Doomsday scenario rapidly approaching. And the bad news hasn't hit the real economy (which it will in the coming Qs) yet.

When does the freeze kick in? I thought it was at 7% of the DOJI?

[MannyIsGod]

Nevermind its @ 10% but since they use the value of the previous month there's that would really be almost a 15-20% drop

I think.

[MannyIsGod]

Jesus it blew right past 8000

[MannyIsGod]

But it bounced back up to 8200. That -700 at the start was pretty ing ominous.

[RandomGuy]

I don't WANT the market to go down the tank, but any rational person that wasn't drinking the "dollar cost averaging" kool aid would certainly EXPECT the market to continue sliding.

Pardon me if I don't give into hysteria and take a long view of things.

I expect the markets to really take a dive over the next two years, just as I expect them to go up eventually.

[RandomGuy]

well the good news is that the weekend is coming up

I'm gonna party like it's 1999.

[RandomGuy]

But it bounced back up to 8200. That -700 at the start was pretty ing ominous.

I am giving up trying to predict where this thing will stop in any logical way.

My prediction as to where this will stop dropping will be made as follows:

I will write down every 100th number from 4000-8000, each on a seperate post-it note. I will stick those notes on the wall, close my eyes and throw a dart at them until I hit one.

Give me about 20 minutes, and I will get back to y'all with the result.

[RandomGuy]

I am giving up trying to predict where this thing will stop in any logical way.

My prediction as to where this will stop dropping will be made as follows:

I will write down every 100th number from 4000-8000, each on a seperate post-it note. I will stick those notes on the wall, close my eyes and throw a dart at them until I hit one.

Give me about 20 minutes, and I will get back to y'all with the result.

Ok, I just went to random.org (no relation) and picked a random number between 4000 and 8000.

The bottom will be: 4335

You heard it here first. My randomly generated number predicts it will fall to a level not seen since 1995.

[I Love Me Some Me]

I love when you go to any news site and they have the pictures of the nervous broker biting his nails or ting his pants.

[AlamoSpursFan]

Dang...Pepsico's below 58...I'm jacking up my contribution to the Employee Stock Purchase Plan NOW!!! Sold all the shares I had at 72.

Cha CHING!

[dickface]

looks like Bush's encouraging words have really calmed and reassured everybody.

[CosmicCowboy]

Dang. Back down over 5% and heading to 8000.

[InRareForm]

when the stock market bottoms out, which stocks are ideal to look at it when the market swings back up???