We need a doom and gloom thread DBTS!
Yoyoyo
Posts: 310
Worldwide the markets are bombing... what's gunna happen tomorrow when the US markets open?
No need to be void, or save up on life
You got to spend it all
You got to spend it all
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dude I got so wrapped up in that other other stupid thread........I was going to post this in Drifitins thread. American stock market is not open today but worldwide markets have crashed.
DOW futures (which is a market this is open and will accurately show tomorrow open) is down 500+ points.
I think we are headed (and partly in) for a global recession. :(
don't be sad, that is not bad news - many recent years of "growth" was psuedo growth. New homes is growth.. better cell phones and laptops is not. Our economy has been grossly overvalued for a long time...
reality will set in and reality is ALWAYS good!
The Sun will come out... tomorrow...
Hail, Hail!!!
Abu I actual agree with you. and I see a legitimate tech boom coming in the next 1-3 years. housing/credit may take a long time to recover but it will.
Actually, the sun was too heavily invested in the sub-prime market. It has been foreclosed upon.
for the least they could possibly do
Man i didn't know this.
I truly took today off from starin' at any tickers.
My heart really sunk after Thursday & Friday.
All that doom & gloom i've been preaching ... i've been feeling it purely on an intellectual level ...
After Thursday & Friday, i started feeling it in my gut.
Almost makes me sick.
Shit you not.
We are in for one fuck of a storm.
Been talking to my mother, and some close friends this weekend. Mom asked me what i thought was going on.
I had to tell her, "Mom, i'm not sure how to even say this, but i have this sick feeling in my stomach. I think next week could be IT." ...
Seriously folks.
The market confidence is GONE.
If we don't get some spectacu-maculate earnings reports this week, the dow will be at 10,000 REAL QUICK.
And then all bets are REALLY off.
:(
:sigh:
holding breath for open tomorrow.
Getting ready to put in some shorts.
Also getting ready for the PPT to stop the markets.
At some point next week i will NOT be suprised if trading gets halted.
How bout you, Jlew?
:eek:
If I opened it now would you not understand?
That's what I'm talkin about!
Maybe a rate cut early tomorrow...hope it helps!
You got to spend it all
Unfortunately the Fed, at this point, has neuteured itself.
It is powerless.
Bernanke has yanked the markets around so much, that they have simply stopped respoding kindly to anything.
His inability to simply shutup and do something, has caused the market to price in rate cuts that may never come, and regardless, this sets the stage for a REVERSE move when the actual announcement comes.
Like Santelli said on CNBC, "You can't tell someone, hey i'm going to scare you around that corner next tuesday, and expect them to actualy get startled when you then jump out at them on tuesday".
Further, if the Fed can't stick to its on fucking plan and make the cut at their meeting like they should ... it will only signal to the market that confidence is in fact so low, that the Fed is actualy freaking out.
You think telling the market, "Hey yeah, even we 'smartest men in the world' are scared shitless!" is going to CALM the market?
YIKES!
:eek:
If I opened it now would you not understand?
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
I'm telling you.
Stupid Sun.
Hail, Hail!!!
There is talk that we in the UK are already in a recession and i really don't see a quick and easy bounce back for anyone. But here's hoping.
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.
http://forums.pearljam.com/showthread.php?t=272825
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.
GWB presents his wonderful plan to help the economy, which is a shitty idea btw, and instead of waiting for the nyse reaction (closed for a day if I'm right) everyon just freaks out everywhere else. No trust, no reflexion, no responsibility just a bunch of idiots running around trying to loose as little as possible.
And in there a very small but very smart group of people will be earning too much money to spend it this year. Idiots.
OMFG.
We're ALL SAVED.
The markets are WAY UP.
Way up on the way down!
:rolleyes:
The stupidity is rampant!
If I opened it now would you not understand?
I thought a rate cut might happen. Dunno what they are thinking, cuts are just going to make the problem last longer and go deeper.
You got to spend it all