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Post by JacktheRipper on Sept 29, 2008 14:27:38 GMT -5
Looks like Wall Street is in panic mode. I'm not a huge fan of the bailout as is and I'm glad it didn't pass. I needs to be re-worked and then passed. People are way too panicy over this. We've got weeks to shore this up before things get way too crazy. Sit back, don't jump the gun, and fix the problem the best way we can.
If we don't, it's going to get ugly. If we go ahead with this bailout though, short-term we'll be ok but it will cause oodles of problems in the long run. Needless to say though, I'm glad I'm sitting in cash right now!!!
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Post by detroitbasketball on Sept 29, 2008 15:27:50 GMT -5
Needless to say though, I'm glad I'm sitting in cash right now!!! Yeah, thanks for laughing at those of us that aren't. |
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Just Blaze
All-Conference
Patriots To The Super Bowl! Go Pats!
Posts: 3,212
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Post by Just Blaze on Sept 29, 2008 15:46:20 GMT -5
F this economy
I'm going to make like an NBA player and move to Europe.
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Post by Freak93 on Sept 29, 2008 15:47:01 GMT -5
I am totally embracing my white heritage and officially threatening to move to Canada.
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Loki
All-Conference
Posts: 3,501
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Post by Loki on Sept 29, 2008 16:59:36 GMT -5
America is doing so well these days...
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Post by detroitbasketball on Sept 30, 2008 16:46:46 GMT -5
For the record, Dow had its third-highest point gain ever today.
The world has not yet ended.
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Post by JacktheRipper on Sept 30, 2008 21:42:40 GMT -5
For the record, Dow had its third-highest point gain ever today. The world has not yet ended. Today was the dumbest rise I've ever seen. Anyone who went long today is a fool! |
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Post by JacktheRipper on Oct 8, 2008 16:51:34 GMT -5
Financial Armageddon anyone? Our financial situation is getting ugly fast. The fed's cut did nothing to help the problem and neither did the bailout. We're looking a serious situation with credit. The credit markets are frozen! Iceland had to get a loan to bail them out of their debt. The russian stock markets were haulted today, thanks in part to a 14% drop in the first hour of trading!  The good news is short selling can begin again tomorrow. That gives us a little bit of a floor to avoiding a single day crash. Make no mistake though...this is starting to look really really bad. |
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Post by detroitbasketball on Oct 8, 2008 17:03:23 GMT -5
Financial Armageddon anyone? Our financial situation is getting ugly fast. The fed's cut did nothing to help the problem and neither did the bailout. We're looking a serious situation with credit. The credit markets are frozen! Iceland had to get a loan to bail them out of their debt. The russian stock markets were haulted today, thanks in part to a 14% drop in the first hour of trading! The good news is short selling can begin again tomorrow. That gives us a little bit of a floor to avoiding a single day crash. Make no mistake though...this is starting to look really really bad. The bailout not working surprises you? Correct me if I'm wrong, but it hasn't even taken effect yet either. |
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Post by JacktheRipper on Oct 8, 2008 17:58:57 GMT -5
Look at the long term bond yeilds, the markets ain't buying the bailout. Oh and I'm a bit suprised it didn't loosen up the credit markets a bit. Though not shocked it's a huge fail.
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Post by JacktheRipper on Oct 9, 2008 15:13:18 GMT -5
Capitulation! There is finally real panic on Wall Street. The overall pattern hasn't bottomed, but I'm expecting a bottom based on capitulation coming in the next few days. This drop has been stupid fast. So the day traders on here, start picking up shares for a short bounce. At least I will be.
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JackTheRipper
All-American
I farted my way out of an elevator..
Posts: 5,476
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Post by JackTheRipper on Oct 9, 2008 20:17:03 GMT -5
I work for National City and the rumors of a sale are up again. This should be fun.
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Post by JacktheRipper on Oct 10, 2008 15:57:50 GMT -5
So the Dow Jones had a 1,000 point trading range today. At around 1:45 eastern it was sitting at 7,882 and by 3:30 it was at 8,901. Absolutely insane! Volatility is off the charts. The S&P looks more like some .com company back in the 90s. Have fun anyone invested right now...this is crazy.
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Post by detroitbasketball on Oct 13, 2008 15:01:23 GMT -5
Dow up 962 points today. Huh.
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Post by JacktheRipper on Oct 13, 2008 15:06:00 GMT -5
Dow up 962 points today. Huh. *Pats self on back* |
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