How about that Dow

Phil ver0 · 10-06-2008, 11:42 AM

Dow falls below 10,000

Dow hit 9800 42 minutes ago. Are we officially fucked?

ranatalus · 10-06-2008, 11:56 AM

not fucked but uh

things are looking pretty gay

Swors-k · 10-06-2008, 12:02 PM

I'm waiting for the large boards at the exchange to just re-arrange themselves into a digital "D:"

ranatalus · 10-06-2008, 12:07 PM

i am waiting for the rain of investors

it's kind of like rain of toads but messier

AceJay · 10-06-2008, 01:34 PM

Apple down 7.5% hahahaha

LAMBORGHINI FCUKER · 10-06-2008, 02:02 PM

Quote:

Originally Posted by AceJay

Apple down 7.5% hahahaha

Uh oh, what's smaller than a nano?

Hiryuu · 10-06-2008, 02:13 PM

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

ranatalus · 10-06-2008, 02:42 PM

Quote:

Originally Posted by Hiryuu

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

***Paul*** · 10-06-2008, 03:24 PM

Quote:

Originally Posted by Reenee

Uh oh, what's smaller than a nano?

A Shuffle. But NOTHING is smaller than that.

Also yeah, I really don't know what to expect next. I just take it day by day.

Beer Can · 10-06-2008, 03:50 PM

Quote:

Originally Posted by fuсk forum boredom

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

That said, if you have no prior investments, now would actually be a decent time to make some investments, due to the really low prices.

However, the fine print is that you have to be careful in your choices. A company goes under, and you're pretty much SOL. Any company that rebounds from this, though... you could stand to make some very healthy returns in a few years.

But that's just me trying to have a sunny outlook on this HOLY CRAP UNDER TEN THOUSAND WE'RE FUCKED!

kimcicle · 10-06-2008, 03:54 PM

So yeah right now I'm out 8k.

Not yet willing to jump out of buildings though.

Quote:

Originally Posted by Ribos

That said, if you have no prior investments, now would actually be a decent time to make some investments, due to the really low prices.

To tell you the truth, personally I think this is probably the -worst- time to get into the market. Nobody knows for sure what's going to happen. We could have hit rock bottom today; we could have just started a free fall. Unless you are willing to take the risk that you will -never- get any of the money back, then don't bother.

GM is an ok pick for stock at ~8.00 per share, but unless their business model turns around and the Volt catches on, they're doomed.

ranatalus · 10-06-2008, 04:12 PM

yeah, i agree with kim; it is likely a good idea to set aside some money at this time for possible investment later (once the market stablizes a little) but right now is not the best idea.

Fred 00 · 10-06-2008, 04:12 PM

Is there anything that the common American people can do to stop the massive droppage? I'm not much of an economist major, so this question's just out there.

ranatalus · 10-06-2008, 04:16 PM

Quote:

Originally Posted by Fred 00

Is there anything that the common American people can do to stop the massive droppage? I'm not much of an economist major, so this question's just out there.

as a whole, if people would actually continue to do things as they have always done (invest, buy material goods, etc) it would probably help at least a little. some of the current market problems are caused by people pulling all their money out very fast, which drives stock prices down

also, paying all your bills is a good idea, haha

other than that, not really.

m335h73r of PBJ · 10-06-2008, 04:18 PM

Common people have literally no trust in the market at this point (why would they?) So effectively the only way to curb the market drop is to buy more stuff.

Unfortunately due to the falling value of the dollar it's hard to even do that.

Did anyone hear anything on the new North American standardized currency, the "Amero"?