View Single Post

Old 10-06-2008, 02:42 PM   #8
ranatalus
mania
 
ranatalus's Avatar
 
ranatalus is offline
Join Date: Jun 2006
Location: dope dope
Posts: 9,923
Marketplace Rating: 8
Send a message via PM  to ranatalus
mania dope
Default

Quote:
Originally Posted by Hiryuu View Post
Dropped as much as almost 800 points, was in the 9.5K range but it's gone up a bit as of 3PM ET.

Bailout. lmfao
to be fair the bank bailout has nothing to do with the markets; the market fluctuations (more like severe drops in the market) are a reflection of a lack of investor confidence. many investors are taking all/most of their money out of their stocks (which causes the prices to go down) and putting them into the treasury which offers very low yield but is STABLE

as more people do this, the market deflates further, and encourages more people to do it before they also lose their investments, which causes the market to deflate further, etc etc etc
__________________
small waves
  Reply With Quote