the world’s current economic outlook is NOT good
2-4 weeks for the rescue package to start funding, 6 mo to see if there’s a turn around. If 6 mos from now we’re in the same shit we’re in currently…good luck
I just heard the latest unemployment numbers, 750,000!
In the last 20 years there have been a few ups and downs but this is different.
Are there any good indicators right now?
Save your money kids.
http://www.grist.org/comments/citizen/1999/04/19/passes/index.html
look at the date…
Oh look, the Clinton administration. Good thing we voted a Republican in on Moral Values.
My stop loss on FRE triggered at 1.30. FNM is still shitting but im holding on right now to my last 1000 shares long term just to see what happens.
Jeff, you’re buying the beer next time.
should have got out when you were 25k up homie.
:fail:
The Fed said it would double the size of its emergency loan program to banks to a potential $900 billion by the end of the year.
and…
The announcement came as the central bank announced that it will begin to pay interest on bank reserves. This will give the Fed “greater scope” to address conditions in credit market.
I’ve got about 1200 left, I’m going to stop watching and just let it ride. I have a sell trigger set that won’t make me unhappy, if it never gets there :shrug:.
So Jim Cramer just went on msnbc and scared the crap out of America and told everyone to get their money out of the stock market THIS week.
Pretty risky move on his part, but I think he still has a bunch of followers so I think the market will tank this week.
what a ridiculous marketplace. absolutely unreal.
-514 and falling.:eek:
ok, gained some back
If anyone wants Jim Cramer’s interview:
LOL, god I’m glad I don’t actually have any money.
If this keeps up no one will.
Yeesh. Dude sounded like he was about to cry.
Oh well. We’re young. We’ve got plenty of time to ride this out. Obama’s not going to go Hitler on us.
In a high level sense, aren’t we just going through the inevitible downward swing of so many years of Greenspan’s hands-off policies?
Do you feel that it was the hands off approach that caused this? Before Bush the economy was doing good and the fed kept back. Now it seems that they all ran into this and trying to control everything and making things worth.
I was more thinking that being hands off again and let this play out might have been the best option instead of these huge bailout plans.
man made equilizing event?
edit:
I just find it really fucking convenient that this is happening right before an important election. And that all these banks just decided at the same time that this was the time to go public with info.
Reallll convenient.
Eh, it was a lot of Greenspan supported deregulation in the 80’s and 90’s that set us up for the crash we’re seeing now. We decided to forget the lessons from the great depression. Think of the last 10 years as the roaring 20’s…
The good news is that it only took 25 years for the dow climb back to pre-depression levels. So we oughta see 14k again right around 2033?
Ya good points.
Haha right in time for another financial crisis when most of us are going to retire…