BLZFAN4LIFE Posted October 6, 2008 Share Posted October 6, 2008 850 Billion dollar bailout and this is how the market reacts? Fasten your seatbelts. Link to comment Share on other sites More sharing options...
John Adams Posted October 6, 2008 Share Posted October 6, 2008 Come on man. 14 years ago, the Dow was at 3,700 or so. Get a grip on the facts. http://finance.google.com/finance?client=o...;q=INDEXDJX:DJI But hey, keep fanning the panic. The 700B bailout hasn't done anything yet. It will relieve a credit crunch. It will take a long time for credit relief to be reflected in the market. The two are related but there are many things that will influence a market comeback. Not the least of which is when all the people who have pulled their money out of the market in the last year start pouring it back in. Link to comment Share on other sites More sharing options...
slothrop Posted October 7, 2008 Share Posted October 7, 2008 keep dropping lower! I am only 33 and I just ramped up my 401(k) contribution. Link to comment Share on other sites More sharing options...
Acantha Posted October 7, 2008 Share Posted October 7, 2008 Come on man. 14 years ago, the Dow was at 3,700 or so. Get a grip on the facts. http://finance.google.com/finance?client=o...;q=INDEXDJX:DJI But hey, keep fanning the panic. The 700B bailout hasn't done anything yet. It will relieve a credit crunch. It will take a long time for credit relief to be reflected in the market. The two are related but there are many things that will influence a market comeback. Not the least of which is when all the people who have pulled their money out of the market in the last year start pouring it back in. Of course by the time the effects of that 700B impact the credit market, it will also be screwing with prices. How much will be people be investing when gas goes up another few bucks? I'm guessing that over the next 3-6 months, the dow goes up again, but over the next 1-2 years, it all comes tumbling down. Link to comment Share on other sites More sharing options...
Acantha Posted October 7, 2008 Share Posted October 7, 2008 Oh look, now Bernanke says he might lower the interest rate to help things out! http://www.cnbc.com/id/27070225 It's almost like they are trying to detroy everything. Something I'd like to draw attention to: Recent economic data and financial developments show that the outlook for growth has worsened and downside risks to growth have gained, Bernanke said in remarks to the National Association for Business Economics. The outlook for inflation, while still uncertain, has improved somewhat as oil and other commodity prices have eased, he said While inflation has been elevated, prices for oil and other commodities prices have tumbled from recent peaks and import prices have fallen, Bernanke said. Further, expectations of future inflation had eased, he said, which would lessen any chance of a wage-price spiral from igniting. "Inflation" does not mean a rise in prices. A rise in prices is the RESULT of inflation. Mr. Bernanke knows this of course, but the wording is designed to draw attention away from what is actually happening. Inflation refers to the increase in the money supply. By printing more and more money (by way of tax rebate checks, 700B bailouts, and hundreds of billions used in bailing out Fannie/Freddie/AIG), you inflate the dollar and cause an increase in prices as the economy adjusts. Not only does this raise prices, but it does not raise them uniformly, which means the everyday citizen is hurt by this more than governements and banks are. Fortunately for guys like Bernanke, it takes time for all of this to happen. A few months, maybe a year, so that when the prices start to skyrocket, the blame can be pointed elsewhere. I don't know much about the stockmarket; I was never interested in it. But I do know about economics, and let me tell everyone something....be worried. These guys aren't even trying to be sneaky about this stuff anymore. Link to comment Share on other sites More sharing options...
JoeFerguson Posted October 7, 2008 Share Posted October 7, 2008 Could somebody PM me when it's time to start buying? Link to comment Share on other sites More sharing options...
KD in CA Posted October 7, 2008 Share Posted October 7, 2008 Wait, is this yesterday's "Dow tanks 500 points" thread or today's "Dow tanks 500 points thread". Link to comment Share on other sites More sharing options...
Alaska Darin Posted October 7, 2008 Share Posted October 7, 2008 Welcome to the real result of the Clinton "economy". Link to comment Share on other sites More sharing options...
Acantha Posted October 7, 2008 Share Posted October 7, 2008 (edited) Welcome to the real result of the Clinton "economy". Give me a break. This has nothing to do with politics. This is American Economy, plain and simple. The decisions that have brought us here have been being made for decades, and no sitting president or majority congress had done anything but make things worse. The problem with bringing politics into this is that people keep looking to blame someone. It's the republicans fault? We'll vote them out, and everything will be better. Same argument for democrats. It's all bull. Nothing but a complete overhaul of our economic system, starting with the Federal Reserve and Bernanke himself, will do anything to get us out of the hole we are currently falling down. Edited October 7, 2008 by Faustus Link to comment Share on other sites More sharing options...
Tcali Posted October 7, 2008 Share Posted October 7, 2008 850 Billion dollar bailout and this is how the market reacts? Fasten your seatbelts. ?? 14 years??? silly Link to comment Share on other sites More sharing options...
John Adams Posted October 8, 2008 Share Posted October 8, 2008 Could somebody PM me when it's time to start buying? Do what you want. I'm buying plenty. Nice high dividend stocks that are taking hits now. There are a lot of companies sitting on a lot of cash just like there are a lot of people now with a lot of cash they've pulled out of the market. Don't expect investors to prefer their mattresses to the market for long. When the money starts flowing back in, it will flow back in big time. But also expect recession. As a country, we won't be out of the dark for a while. The good news is that all the current actions should put us WAY ahead of what's about to happen to the world economy. If you're planning a trip abroad, next year is looking good--the dollar should be kicking a lot of currency tail by then in spite of all the funny money we're printing. Link to comment Share on other sites More sharing options...
BLZFAN4LIFE Posted October 8, 2008 Author Share Posted October 8, 2008 ?? 14 years??? silly My fault. . But honestly, I was going off of what I heard on the local radio news. It is the lowest in 4 years, but the reporter must have misread or was given a wrong report. Sue me. Link to comment Share on other sites More sharing options...
BLZFAN4LIFE Posted October 8, 2008 Author Share Posted October 8, 2008 Wait, is this yesterday's "Dow tanks 500 points" thread or today's "Dow tanks 500 points thread". Hopefully you won't be able to say the same thing tomorrow. My 401 K is down 20 G's. Link to comment Share on other sites More sharing options...
John Adams Posted October 8, 2008 Share Posted October 8, 2008 Hopefully you won't be able to say the same thing tomorrow. My 401 K is down 20 G's. Johnny Coli says you're rich. Link to comment Share on other sites More sharing options...
Chilly Posted October 8, 2008 Share Posted October 8, 2008 Johnny Coli says you're rich. Also, drop dow drop! I'm starting a new job that has a 401k, so I'll get to start pumping money into it soon. Hopefully I'll hit it right at the lowest point. Link to comment Share on other sites More sharing options...
JoeFerguson Posted October 8, 2008 Share Posted October 8, 2008 Do what you want. I'm buying plenty. Nice high dividend stocks that are taking hits now. There are a lot of companies sitting on a lot of cash just like there are a lot of people now with a lot of cash they've pulled out of the market. Don't expect investors to prefer their mattresses to the market for long. When the money starts flowing back in, it will flow back in big time. But also expect recession. As a country, we won't be out of the dark for a while. The good news is that all the current actions should put us WAY ahead of what's about to happen to the world economy. If you're planning a trip abroad, next year is looking good--the dollar should be kicking a lot of currency tail by then in spite of all the funny money we're printing. Can I have some examples? I wasn't being a smart ass before. Link to comment Share on other sites More sharing options...
Acantha Posted October 8, 2008 Share Posted October 8, 2008 --the dollar should be kicking a lot of currency tail by then in spite of all the funny money we're printing. How's that going to work? Link to comment Share on other sites More sharing options...
BringMetheHeadofLeonLett Posted October 8, 2008 Share Posted October 8, 2008 Welcome to the real result of the Clinton "economy". Awwww Snookums... didn't anyone tell you? The game of 'pin the tail on the donkey' was over YEARS ago. Edit: I removed a somewhat warranted gold star reference to replace it with an actual, possibly constructive, non-rote thought. Though I do personally believe Clinton should shoulder some of the blame(sub-prime lending practices began during his tenure TTBOMK), there is no way - even a person in the dark 20 hours a day - can look past the deregulation of our financial industries as a major impetus. Corruption and abuse fueled by a lack of oversight are, I can see no way around it, the primary causes of this mess. Too bad we didn't privatize Social Security while the markets were HOT! Link to comment Share on other sites More sharing options...
The Dean Posted October 8, 2008 Share Posted October 8, 2008 I am proud to say, I have lost no $$ in the recent stock market decline. I did lose all my money, let's be clear...but I SPENT it! I enjoyed what got me to poverty. Link to comment Share on other sites More sharing options...
/dev/null Posted October 8, 2008 Share Posted October 8, 2008 I am proud to say, I have lost no $$ in the recent stock market decline. I did lose all my money, let's be clear...but I SPENT it! I enjoyed what got me to poverty. heroin and mail order brides? Link to comment Share on other sites More sharing options...
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