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dead cat?
It's taking a big greasy dump today.
dead cat?
Was it unexpected?
500 point drop. Shades of 2008.
Depends who you ask.
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?
Definitely a good time to start.
Everyone outside the Beltway and university campuses... [/hyperbole]
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/...2F+Top+News%29
A couple of strong semiconductor companies, and some medical research companies... I have some research to do yet...
This is like taking money from a baby. Poor saps.
Also robot companies.
could be. By definition thats what the bounce between a double dip recession is.
And Lasers....
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.
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.
Great time over the last 3 weeks to be an options investor.
Quick take from David Indiviglio at the Atlantic.
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.
This was coming since qe2 ended. Most obvious thing ever. Anyone who was heavily in stocks this time deserved to get hosed.
You mean to tell me BOEHNER caused all this !!!!!!!!!!!!!!!!!
GODDAMNIT MOTHER ING TY SUCKING TWO BALLED ! NOW IM MAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
How could he do this?!?That son of a . He is ing this country up. He is a terrorist. He is stipud. I ing hate him.
Just kidding. It's barrys fault. Blame him.
Wow, storm picture included. the goods.
I was just stating a fact.
Congress in the meantime is on vacation after exhaustion from dealing and wheeling for 3 weeks straight!
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