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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.
you don't stand up to her either?
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.
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.
I'm not. I'd rather have casinos than wait in line behind all these dumb s buying scratch-offs and lotto tickets.
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%.
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.
Stock Market ADD is funny to me.
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.
"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.
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...
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.
OK, it's as bad as I thought it would be.
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.
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.
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...130b whipe of aus sharemarket ina couple of days, not that it worries me...fkn gold
keep on tankin, and buy in apple shares...
The more it tanks, the cheaper I buy in at.
Of course, I am expecting it to recover.
crofl putting retirement money on this cluster ...
Did you short or you're golden?
It's amazing how re ed Americans think the S&P credit downgrade has anything to do with the companies' stock they invest in.
I'm golden baby!
I'm golden baby!
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 e up in July was an obvious sucker's rally.
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