Cramer melt's down, will our economy be next?

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  • jlew24asu
    jlew24asu Posts: 10,118
    surferdude wrote:
    The majority of what drives stocks up and down is emotionally driven, just like the baseball card market. That's one of the reasons why market confidence is tracked on a daily basis but corporate performance only quarterly. It would be very easy for the marlet to regulate that financials be published monthly. But that's not needed. What's being sold is only very loosely related to company performance.

    market confidence is tracked on a daily basis? what the hell is that? some poll im missing?

    corporate performance is tracked quarterly, yes. its impossible to do it daily.
  • THC
    THC Posts: 525
    He lost a lot of money that day. no doubt about it. his OWN money. no one gets that angry over other people losing money.
    “Kept in a small bowl, the goldfish will remain small. With more space, the fish can grow double, triple, or quadruple its size.”
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  • beachdweller
    beachdweller Posts: 1,532
    THC wrote:
    He lost a lot of money that day. no doubt about it. his OWN money. no one gets that angry over other people losing money.

    his always angry, lol
    "Music, for me, was fucking heroin." eV (nothing Ed has said is more true for me personally than this quote)

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  • Trailer
    Trailer Posts: 1,431
    I've been reading this thread and I'm getting a little nervous. I don't have a finance degree, but I have $16,000 invested in 4 mutual funds. They are not very diversified... mainly in growth. I know that's bad, but I got greedy... emotions ;)

    Should I be worried about a stock market crash? I want to get out before it's too late, however I don't want to do anything if it's just a lot of hype. Cramer does know his shit though, and now the Drudge Report is headlining the issue..
    Whoa, chill bro... you know you can't raise your voice like that when the lion's here.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Abuskedti wrote:
    ... but the market is much more than that. It is not baseball cards it is real businesses.

    The secondary stock market is nothing but speculation.
    You can dress it up how you please, but your are attempting to value fractional ownership in a corporation ...

    sure, you can be "educated" in your investment approach, but i would argue that, "hey, at least a baseball card is tangible, and has a value that that is fairly simple to estimate.v
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • Indifference
    Indifference Posts: 2,779
    Trailer wrote:
    I've been reading this thread and I'm getting a little nervous. I don't have a finance degree, but I have $16,000 invested in 4 mutual funds. They are not very diversified... mainly in growth. I know that's bad, but I got greedy... emotions ;)

    Should I be worried about a stock market crash? I want to get out before it's too late, however I don't want to do anything if it's just a lot of hype. Cramer does know his shit though, and now the Drudge Report is headlining the issue..

    Depends on your investment horizion and liquidity needs amongst other things.

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  • inmyrvm
    inmyrvm Posts: 1,039
    cramer usually does tell it like it is, we should probably hope he's wrong here.......
    "Fuck the talkin' let's start rockin" - Eddie Vedder 9-5-00 Pittsburgh
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  • spiral out
    spiral out Posts: 1,052
    http://business.guardian.co.uk/story/0,,2146442,00.html

    I think this goes some way to helping people see what cramer was saying.

    This talk of market crashes has been going on for over a year.

    They have managed to keep it afloat thus far but that will only last so long before it does take a turn for the worst.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    This thread gives me the freakin willies...

    in a melt down great depression kinda way...

    That's the day I sail away to paradise and live like tom Hanks in Castaway....If i gotta do it ....might as well do it somewhere nice.
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  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    http://business.guardian.co.uk/story/0,,2146442,00.html

    I think this goes some way to helping people see what cramer was saying.

    This talk of market crashes has been going on for over a year.

    They have managed to keep it afloat thus far but that will only last so long before it does take a turn for the worst.


    http://biz.yahoo.com/rb/070815/usa_economy.html?.v=5

    WASHINGTON (Reuters) - Falling gasoline costs held U.S. consumer prices nearly in check in July, while industrial output rose in a sign of factory sector health, according to data that suggested the economy was sound despite credit fears in financial markets.

    Other reports on Wednesday showed a slight dip in New York state manufacturing activity this month and a decline in the amount of capital flowing into the United States in June.

    But analysts said the latest data, combined with reports earlier this week showing strong retail sales and a shrinking trade deficit, pointed to an economy that is actually doing pretty well.

    "Things don't look that bad. There is no evidence yet in the data that the economy is on the cusp of losing steam," said Michael Darda, chief economist at MKM Partners in Greenwich, Conn.

    The Consumer Price Index, a key inflation gauge, rose a slightly smaller-than-expected 0.1 percent as gasoline prices fell 1.7 percent, the Labor Department said. Economists polled by Reuters had expected a rise of 0.2 percent.

    Darda said even with the latest volatility in the financial markets amid fears of a liquidity shortage, the Federal Reserve is not likely to cut interest rates.

    "What's happened with the financial market turbulence is it takes the Fed out of the picture for the foreseeable picture. I think the Fed is going to be very disciplined," Darda said.

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