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DoctorRobert
Are YouExperienced?



Registered: 01/10/08
Posts: 79
Loc: Boulder, Colorado
Last seen: 16 years, 6 days
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Black Tuesday 2008
#7910338 - 01/21/08 04:23 PM (16 years, 11 days ago) |
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I think the us stock market will fall hard Tuesday, at least 5 percent.
Worldwide we are seeing 5-7% losses at global exchanges.
Perhaps the Second Great Depression will begin tomorrow?
-------------------- If you give a man a fish, you feed him for a day, if you teach a man to cultivate mushrooms, you feed his mind for a lifetime. www.groworganic.com www.hydroponics.net/i/200002 www.bulbs.com/Compact_Fluorescent_Screw--in/Daylight_White-/results.aspx
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lonestar2004
Live to party,work to affordit.


Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 12 years, 9 months
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Quote:
DoctorRobert said: I think the us stock market will fall hard Tuesday, at least 5 percent.
Worldwide we are seeing 5-7% losses at global exchanges.
Perhaps the Second Great Depression will begin tomorrow?
the stock market ruined my life
At least oil prices will drop:)
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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Coaster
Baʿal



Registered: 05/22/06
Posts: 33,501
Loc: Deep in the Valley
Last seen: 12 years, 3 months
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yes we are all more and more screwed for the future
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Luddite
I watch Fox News


Registered: 03/23/06
Posts: 2,946
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"Fuck, fuck, fuck..."
If that guy was worth anything he would have known better. Why didn't he buy puts and/or short sell anything? How about defensive stocks that pay dividends? How about bonds and prefered stocks that pay dividends? I got over $37K in dividends outside of retirement in 2007. This month I got over $1800 in dividends.
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xFrockx



Registered: 09/17/06
Posts: 10,455
Loc: Northeast
Last seen: 11 days, 15 hours
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Re: Black Tuesday 2008 [Re: Luddite]
#7910680 - 01/21/08 05:21 PM (16 years, 11 days ago) |
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I had the same thought today, its going to be rough.
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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-------------------- Ahuwale ka nane huna.
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Madtowntripper
Sun-Beams out of Cucumbers



Registered: 03/06/03
Posts: 21,287
Loc: The Ocean of Notions
Last seen: 5 months, 23 days
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Helicopter Ben!
-------------------- After one comes, through contact with it's administrators, no longer to cherish greatly the law as a remedy in abuses, then the bottle becomes a sovereign means of direct action. If you cannot throw it at least you can always drink out of it. - Ernest Hemingway If it is life that you feel you are missing I can tell you where to find it. In the law courts, in business, in government. There is nothing occurring in the streets. Nothing but a dumbshow composed of the helpless and the impotent. -Cormac MacCarthy He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God. - Aeschylus
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freddurgan
Techgnostic



Registered: 01/11/04
Posts: 3,648
Last seen: 11 years, 8 months
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That would make for an interesting year. I sort of want it to happen.
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fireworks_god
Sexy.Butt.McDanger



Registered: 03/12/02
Posts: 24,855
Loc: Pandurn
Last seen: 1 year, 12 days
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Re: Black Tuesday 2008 [Re: freddurgan]
#7913149 - 01/22/08 12:00 AM (16 years, 11 days ago) |
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It doesn't need to happen, though - not like this. People see no way out so they are preparing for the worst, the act of which is creating the worst.
All of the blame for this can be placed directly in the laps of the federal government. Nothing more is responsible for this but the massive federal spending and failed policies, compounded by the acts of the Federal Reserve.
If we stood up and slashed away most of the federal government, restraining it with the Constitution, we would have prosperity again.
Hopefully Ron Paul finds a way to stand up and tell the American people the truth. Perhaps he could get on prime-time on CNN or something. He's the only one right now who is capable of really stepping forward and being a leader, reassuring the people by telling them exactly why this is happening, how he has been speaking out agansit what has caused this to happen for so many years, and how he can directly turn this around as President, firstly by simply cutting the enormous expenses we waste overseas.
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If I should die this very moment I wouldn't fear For I've never known completeness Like being here Wrapped in the warmth of you Loving every breath of you
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trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
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Yesterday the Toronto Stock Exchange had it's worst fall in over 7 years. It lost about 5%.
They were saying today (tuesday) could be worse.
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Once, men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.
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LunarEclipse
Enlil's Official Story



Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Post deleted by LunarEclipseReason for deletion: fr
-------------------- Anxiety is what you make it.
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Annapurna1
liberal pussy


Registered: 05/21/02
Posts: 5,646
Loc: innsmouth..MA
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^JP morgan couldnt stop the 1929 crash by throwing money at it.. and neither can bernanke this time...there is only so much they can cut interest rates...
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"anchor blocks counteract the process of pontiprobation..while omalean globes regulize the pressure"...
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Icelander
The Minstrel in the Gallery



Registered: 03/15/05
Posts: 95,368
Loc: underbelly
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It doesn't need to happen, though - not like this. People see no way out so they are preparing for the worst, the act of which is creating the worst.
Of course. This is how the stock market moves. On peoples hopes and fears, most of which are emotionally immature and unrealistic.
-------------------- "Don't believe everything you think". -Anom. " All that lives was born to die"-Anom. With much wisdom comes much sorrow, The more knowledge, the more grief. Ecclesiastes circa 350 BC
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
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Re: Black Tuesday 2008 [Re: Icelander]
#7915321 - 01/22/08 03:55 PM (16 years, 10 days ago) |
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Quote:
Icelander said:
It doesn't need to happen, though - not like this. People see no way out so they are preparing for the worst, the act of which is creating the worst.
Of course. This is how the stock market moves. On peoples hopes and fears, most of which are emotionally immature and unrealistic.
Score one for the Commie. I have this book called Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay. It was published in 1841. The first 100 pages are about markets. Also, today's NYTimes had this:
Quote:
To Some, the Widening Crisis Seems Driven by Fear, Not Facts
“I don’t think it’s warranted by the fundamentals,” said Edward Yardeni, an independent strategist. “The resilience of the global economy in the face of a credit crunch has been impressive.”
Mr. Yardeni warned, however, that in a time of panic and fear, less attention is paid to fundamentals, like a fairly tight United States job market and strong growth and the extraordinary buildup of foreign exchange reserves in emerging markets. The result is panic selling and the prospect of a global recession. “People are creating the financial violence that they hoped to avoid,” he said.
http://www.nytimes.com/2008/01/22/business/22stox.html?_r=1&ref=todayspaper&oref=slogin
Oh yeah, I forgot, the market dropped around 1%. No biggie. Down sharply early and then people saw opportunities.
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Luddite
I watch Fox News


Registered: 03/23/06
Posts: 2,946
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Re: Black Tuesday 2008 [Re: zappaisgod]
#7915516 - 01/22/08 04:32 PM (16 years, 10 days ago) |
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We need to use more coal and nuclear energy and also get the oil shale projects going to compensate for the depletion of conventional oil supplies.
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Seuss
Error: divide byzero



Registered: 04/27/01
Posts: 23,480
Loc: Caribbean
Last seen: 2 months, 20 days
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Re: Black Tuesday 2008 [Re: Luddite]
#7915612 - 01/22/08 04:44 PM (16 years, 10 days ago) |
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> We need to use more coal and nuclear energy
I'd prefer we stick to short term polluters such as coal rather than creating a bunch of long term pollution from fission based nuclear energy. One huge factoid that nobody likes to talk about is the lifespan of a fission based nuclear reactor. Their average life is around 25 to 30 years. (Nuclear power supporters argue that through preventive maintenance, "future" reactors will somehow magically last longer. They have nothing more than hand waving to back up their claims, and history would tend to show a trend towards cost cutting and lack of preventive maintenance.) After that, cover it with lead and concrete and let her cool off for the next couple hundred thousand years, at least.
-------------------- Just another spore in the wind.
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Captain Cubensis
Bleeding HeartLiberal


Registered: 09/18/07
Posts: 648
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Re: Black Tuesday 2008 [Re: Seuss]
#7916434 - 01/22/08 07:04 PM (16 years, 10 days ago) |
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For 400 billion dollars America could be 100% oil and coal free.
Check out Scientific American, they published a master solar plan last month.
-------------------- www.groworganic.com Get 350lbs shipped to your door for only $100! www.mycosupply.com Online Organic Rye Berries www.hydroponics.net/i/200002 The Cyclestat 4P, a great repeat cycle timer made in the USA.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
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How about a fucking link?
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afoaf
CEO DBK?



Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
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Re: Black Tuesday 2008 [Re: zappaisgod]
#7917042 - 01/22/08 08:43 PM (16 years, 10 days ago) |
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-------------------- All I know is The Growery is a place where losers who get banned here go.
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zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
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Quote:
Captain Cubensis said: For 400 billion dollars America could be 100% oil and coal free.
Check out Scientific American, they published a master solar plan last month.
Yeah right, we will only have to wait until the year 2050. 
Anyone who thinks we actually have that long without a MASSIVE crisis also believes in the Tooth Fairy.
It ain't gonna happen, folks. We are not going to run our present economy and civilization off solar panels. It's a joke.
And by then we'll be broke and in a major war trying to make up the shortfall. Face it:
We are gonna keep doing what we're doing until we can't do it anymore.
Dance around it all you want- in your heart you know it's true.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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