The Dow Jones Industrial Average lost about 660 points -- some 7 percent -- in frenzied trading during the final half hour of Thursday's session as the Treasury's eye on buying stakes in struggling banks failed to reassure investors amid the ongoing credit crisis. CNNMoney reports. full story
things have gone down too much, way to fast. the oversold condition and negative news is so prevalent now, there's nobody who's not worried. i'm buying stocks with stable cash flows for 4-6 P/E with safe 5%+ yields. nobody cares -- everything is getting dumped rapidly with no price sensitivity. i have the feeling that we're going to have a major crash either tomorrow or monday. this is going to be the top story on every news network and newspaper. it's going to terrify the average retirement investor. people are going call their brokers one of the next two mornings and tell them to sell everything at market prices.
we're starting to see certain stocks at prices we'll literally never see again. i've got cash on hand and i intend to be a buyer on capitulation.
#6 tell me about it. i own some GM preferred that's yeilding 50% at these levels. i feel like the only guy on the planet who doesn't think they're going out of business within the year.
#9 europe is further behind than the U.S. i made a post on these forums 2 months ago saying europe was being stubborn and would have to cut rates to survive. people called me crazy. guess what -- they FINALLY made an emergency rate cut this week, after everything else they tried wasn't working. now it's probably too late for that to make a big impact. europe is going to see worse times than the U.S. over the next several years.
#9 the "terrible american economy" has GLOBAL influence. Gordon Brown is trying to get a 1.9 trillion bank bail out passed in the UK . The Japanese market had a 9.4% drop after the US drop which was the biggest in like 20 years. you should know that if our economy goes down everyone is going to eventually follow suit. don't be such a crumb
#25 the US does owe china some huge figure I cant recall right now. But thats not the problem, what is most damaging to the market right now is fear. The market as an entity cant be "scared", its investors and wall street that are making things worse because they're freaking out.
#24 (and #27 kind of) foreign countries own about 25% of our federal debt. the rest is owned by american people/firms (about 25%) or u.s. government agencies (about 50%). china owns a little over $600 billion of it.
not really as big of a deal as most people would have you believe. our 2007 gdp was just under $14 trillion. fear-mongers need to flaunt super-high but unrepresentative numbers to get you to believe their internet movies.
Dow falls below 9,000
it had to be done.
The Dow Jones Industrial Average lost about 660 points -- some 7 percent -- in frenzied trading during the final half hour of Thursday's session as the Treasury's eye on buying stakes in struggling banks failed to reassure investors amid the ongoing credit crisis. CNNMoney reports. full story
we're starting to see certain stocks at prices we'll literally never see again. i've got cash on hand and i intend to be a buyer on capitulation.
from gaming companies to organizations that run tournaments?
bush going out with a bang anyone?
jking i dont know poop about politics
They are talking about economics rofl
But thats not the problem, what is most damaging to the market right now is fear. The market as an entity cant be "scared", its investors and wall street that are making things worse because they're freaking out.
not really as big of a deal as most people would have you believe. our 2007 gdp was just under $14 trillion. fear-mongers need to flaunt super-high but unrepresentative numbers to get you to believe their internet movies.