The Conservative Cave
Current Events => Breaking News => Topic started by: Chris_ on October 06, 2008, 09:55:13 AM
-
I guess the bailout bill wasn't enough -- hang on folks, this is going be a bumpy ride!
http://money.cnn.com/2008/10/06/markets/markets_newyork/index.htm?postversion=2008100610
NEW YORK (CNNMoney.com) -- Stocks tumbled Monday, with the Dow Jones industrial average falling below 10,000 for the first time in nearly four years, as European governments' rush to prop up failing financial firms underscored the global reach of the credit crunch.
Credit markets remained tight, with two key measures of bank jitters hitting an all-time high. Treasurys rallied, lowering the corresponding yields as investors sought safety in government debt. Gold rallied for the same reason. Oil dipped. The dollar was mixed versus other major currencies.
(snip)
-
Of course the bailout "wasn't enough." The idiots in Washington think that if you throw money at a problem, it will go away. Then when it doesn't, they stand around like goobers scratching their heads and wondering why it didn't.
-
Of course the bailout "wasn't enough." The idiots in Washington think that if you throw money at a problem, it will go away. Then when it doesn't, they stand around like goobers scratching their heads and wondering why it didn't.
.
+1 The are f*cking ignorant! A bunch of self-important stupid [Pelosi] politicians trying to manipulate the Stock Market by throwing money at it. Anyone who voted for that bill, should be thrown out of public work...and I'm including McCain, Bush, and Obama in that.
-
Looking at the news, the problem is stemming from the international markets - it seems foreign investment banks want free money too.
I can't say I blame them. Anyway, Im curious to see how this pans out - will other countries emulate the USA ? or will they let the market be ?
-
500 point rally from an 800 point drop.
Lot's of middle income investors panicked, sold and the big boys were waiting with piles of cash to buy into great deals once again polrizing the haves and have-nots.
I always thought the 401k was the greatest Marxist-capitalist paradox: the proliteriat control of the means of production, economic democracy.
But leave it to a bunch of "progressives" in gov't to @#$% that up too.
-
The alleged bailout was hokum from the start. It was never going to stop this. Possibly, it might have delayed it but the market is the market, it doesn't give a damn about idiotic legislation. All the market cares about is fear and greed. And right now fear is in the driver's seat.
-
And another 500+ point drop today. :whatever:
I'm waiting till it's in the 8,000 range and then I'm buying, buying, buying.
-
Oh NO! Over-valued non-existent paper wealth is disappearing! Help! Help!!
Oh, brother! Can you spare a dime?
-
Looking at the news, the problem is stemming from the international markets - it seems foreign investment banks want free money too.
I can't say I blame them. Anyway, Im curious to see how this pans out - will other countries emulate the USA ? or will they let the market be ?
Why would the OTHER countries bail out their investment banks? The US bailout law has language in it that allows foreign investment banks to get their chunk of that $700B goodie bag, just like they were American firms. Apparently all you have to do is whine in front of a camera that it's all the fault of the United States that banks and governments worldwide have written leveraged IOUs on leveraged IOUs, called it "the free market" and are now in deep shit without enough in real assets to back their jaybird mouths, and the wallet of the US taxpayer is opened to you like an all night buffet, by the gunpoint of the US gubmint.
..."All [Citizens of the world] are equal; some are more equal than others." :popcorn:
-
Why would the OTHER countries bail out their investment banks? The US bailout law has language in it that allows foreign investment banks to get their chunk of that $700B goodie bag, just like they were American firms. Apparently all you have to do is whine in front of a camera that it's all the fault of the United States that banks and governments worldwide have written leveraged IOUs on leveraged IOUs, called it "the free market" and are now in deep shit without enough in real assets to back their jaybird mouths, and the wallet of the US taxpayer is opened to you like an all night buffet, by the gunpoint of the US gubmint.
..."All [Citizens of the world] are equal; some are more equal than others." :popcorn:
IF that's the case, than 700B isn't even going to be close to enough cash - from the start I expected in the end in would ballon to 1 to 1.5T but now +2T isn't out of range.
-
IF that's the case, than 700B isn't even going to be close to enough cash - from the start I expected in the end in would ballon to 1 to 1.5T but now +2T isn't out of range.
DUmmies like to nationalize things.....I guess there going to like the "nationalized debt".
-
(http://media.townhall.com/Townhall/Car/b/cb1007wj.jpg)
-
Wasnt there a time when the Dow was below 10,000 in my lifetime? I think I remember it being big news when it got that high to begin with.
-
Wasnt there a time when the Dow was below 10,000 in my lifetime? I think I remember it being big news when it got that high to begin with.
Well, today just erased gains from 4 years ago. I'm sitting patiently waiting till the bottom..or at least close to it..then I'm pouncing...Maybe my real estate losses will be offset by market gains if I "play" it right. :devious:
-
Well, you missed the Fanny / freddy "rebound" to almost $2.00 from under $0.30. over a 600% bounce off the low. There is "bounce" on selected stocks except Ford and GM, AND THEY ARE STARTING TO LOOK GOOD for either dollar cost averaging, or some speculation.
but, fair warning here, if you jump in mow, you'd better be watching the "ticker" on your choices all day,every day. And remember, pigs get fat, hogs get slaughtered. My Mother had the tactic of selling half a long term stoce once it had doubled in price. Served her well, and, btw, she was never afraid of getting out with a small profit.
-
Thanks to our Government headlines soon to read: "Dow drops below 4 - new all-time low"
:bird:
-
that made me LOL -- H5
-
that made me LOL -- H5
Thanks, BTW, How's Deval working out for you guys - I left Mass in 2004, doubt I'll ever return for more than a week at a time.
-
http://stockcharts.com/charts/historical/djia1900.html
Check the above chart. Please note the valleys have always been investment oportunities. The trick is, as usual, judging the bottom. If you feel uneasy about getting it right, maby you might pick a stock you KNOW inside and out and have faith in for good reason. Then, buy 10% of the investment you're willing to make every , say, firday at noon for 10 weeks without fail. Then figure your average cost, and put everything away for 5 years.
Be sure you're not investing in the 21st. Century equal of the 19th Century widget manufacturer.
-
Well, today just erased gains from 4 years ago. I'm sitting patiently waiting till the bottom..or at least close to it..then I'm pouncing...Maybe my real estate losses will be offset by market gains if I "play" it right. :devious:
It's erased gains that I finally recouped from 2001.It's got me sick. A woman on local tv, a financial analyst and broker, said not to buy for a while. She thinks that it will be going down a bit further (she said this at noon----she was right).
I'm watching certain stocks and trying to figure out what to buy. But like everyone else, I'm afraid that I'll buy too high, even now. That hindsight is wonderful, isn't it? Sigh.
-
8,000 is my magic number...just going on gut feeling though..
I'm not doing individual stocks...had a bad experience with Nasdaq day-trading back in the day..not that I lost so much money...but enough to make me rethink my investment tragedy going foward.
I'm going to start researching mutual funds this month. I like Janus and T. Rowe...I'll pick 5 star morningstar rated funds....just not sure which sectors yet.
-
Looks like you may get your wish sooner than you expected. Now down 650 points.
My 401(k) is now a 201(k).
-
This is simply awful. I'm letting the Edward Jones guy deal with the investments and not looking at hubby's monthly statements or 401(k). Thank goodness he has an Army pension. :bawl:
I would like to see all the CEO's of these corporations and the politicians they bribed/bought brought up on charges. Won't happen, of course. At least McCain and Palin haven't been bought.
-
Ended at 8658.36 down 599.74 today......7th straight session decline. Lowest since 2003.
-
It ain't over yet. Those numbers usually have a 20 minute delay.
-
It's still dropping....down to 8579.19..... :o
-
And our idiot "leaders" continue to talk about more socialization. SHUT THE **** UP and let the market figure out were it is and what it needs to do.
-
And our idiot "leaders" continue to talk about more socialization. SHUT THE **** UP and let the market figure out were it is and what it needs to do.
If memory serves, the best day the market has had in the last two week was the Jewish New Year when the House closed down. I think maybe if we suspended the government for a few days the market could come back.
-
If memory serves, the best day the market has had in the last two week was the Jewish New Year when the House closed down. I think maybe if we suspended the government for a few days the market could come back.
The market also rallied when the first bill DIDN'T pass.
-
The market also rallied when the first bill DIDN'T pass.
Wasn't that the same day as the Jewish New Year?
-
Wasn't that the same day as the Jewish New Year?
I suppose it was....I didn't make the connection. And today is Yom Kippur and the market tanked.
I think this has nothing to do with the jewish holidays and everything to do with politicians trying to manipulate the market...and dreadfully FAILING.
-
I suppose it was....I didn't make the connection. And today is Yom Kippur and the market tanked.
I think this has nothing to do with the jewish holidays and everything to do with politicians trying to manipulate the market...and dreadfully FAILING.
No, my point was the House closed down for the Jewish New Year and the market went up so we should suspend government as a probably market solution.
-
No, my point was the House closed down for the Jewish New Year and the market went up so we should suspend government as a probably market solution.
I'll drink to that! :cheersmate: Keep those fuggers out!
-
Looks like the bunnies the stock market, mortgage, and banking crash.
-
the DOW is down 600 at the opening bell this morning.
auto-updated stock ticker:
(http://jtools.foxbusiness.com/gifbuilder/builder?cmd=intraday_free_2005&symbol=$i.dji&w=253&h=85&c0101=0xefe9ca&c0102=0x4ac1d9)
-
Yeah, we have investor lemming behavior in full hysteria right now, indeed, the last week. We Americans do need to do a lot of things differently. We need to get ACTUAL energy independence, qand pretendong a bunch of windmills will do it is MORONIC. We need to retool our heavy industries. That is for the most modern, automated and enviornmentally sound operation as the law of deminishing returns alows. We need to get compact nuclear and mini nuclear power generators adding into the grid, and powering small towns over the next 24 months, and it CAN be done. We need part of that $770 BILLION to be spent on refineries capable of creating diesel, oil and gasoline from methane. Hell, the methane (part of it) can POWER the refinery!
We need the next generation of batteries ASAP so that we can get 4-500 miles out of hybred cars at highway speeds at a SANE cost and a SANE replacement cost/schedule of the batteries.
We need to get oil from WHERE EVER IT ACTUALLY IS! Modern slant and horozontal drilling can concentrate the pumping in a very small area, making the process very sound. We must TOP pretending that people, not the normal climate cycle, is responsible for the majority of climate change. We need to recognise that the best way to limit polution is by being the BEST and mosr EFFECTIVE and most EFFICIENT manufacturing base in the world. Made it so that no matter how cheap the labor, if you arn't using out 21st Century methods, you won't be competitive!
Do this, and the DJI hits 20,000 as we're working. Do anything else, and we have another 25 year recovery as brought to us by FDR.
-
I got some CD's that ain't paying squat. I've been using them for collateral and ...well, I ain't borrowed any money in awhile. If the DOW dips below 8,000, I'm taking all the low interest ones and buying stock. .....and it looks like I better get busy picking out a few.
Gonna leave a few CD's in there (the higher interest ones) for any material deal (real estate, heavy equipment, farm machinery) that might arise locally.
-
Any ideas on inverse index fund trading?...I'm liking the bear fund at Pro Funds...But if this turns around next week, I'm screwed...but if we're just entering a bear market that lasts 6 months or more, I can make a ton..
-
Dono, too sophisticated for me, I'm not even sure how to go "short". But try here:
http://yahoo.fundinfo.wilink.com/asp/F130_search_results_ENG.asp?sort2=Sector+Equity+Funds&session_ID=D0C40F4939134172&Select_Reports=1&page=repselect
-
The way it's going today....it may drop under 8000...it's 8163 right now. :o