i read that dow droped 450, and i invested
What in, Dow index? You get your 3.5% increase in the last 35 minutes?
no, i didnt really, i saw that dow droped like crazy and thought about it, but i have no money right now.
what bugs me is all these news reports saying how the dow dropped XXX amount of points and its the biggest drop in 30 yrs or something along those lines but if you actually compare it percentage wise since the volume of the dow is so much higher now its actually a smaller drop percentage wise.
Of course. The medias job is to mislead the public with exciting stories… not to spread facts.
yea the media is really good with drama
Theres a killer flu going around and it could be in your drinking water… Tonight after the game
ya LOL
Not even close in regards to the amount of money.
I am not educated on Economics but it seems like bad news every other hour.
I am not a Democrat.
Also, where was GWB at the GOP convention? :lol
ehh what?
The amount given to AIG was not “typical”.
you also need to adjust for inflation
Good point.
We are already $2393420924309240949024 in debt, what’s a few more mill?
It’s still extremely large compared to the past.
Thanks for giving me the idea guys, might as well make this Market situation relevant to all of us and have a little fun while we are at it.
exactly
this is just another down to the many ups and downs of the stock market… alot of people will jump ship due to the media and the way they word things to the general public it will have people running to bail out on most of their stocks… it makes it a great time to buy… and why not? i mean the people who are already loaded are just going to buy what the little guy sells… so then what happens? the rich get richer… so hang tight and hold onto your stock you can move money around but i wouldnt pull anything out…
Long term investors will be fine. Its the jumpy short term investors that are hurting, spooked, and have the potential to hurt the market further.
Speculation is the worst thing that can happen to a stock market. It caused the dot com bubble in the 90s and reality caused it to burst. The media plays a big part in it up or down. If the media says the market is bad, investors yank their money out which ACTUALLY makes the market fall. It’s a self fulfilling prophecy and it sucks.
exactly… thats kinda what happend with the light sweet crude oil and caused it to go thru the roof. people scream oil shortage and the price dubbles… if you own tons of oil stock your fine but most of us dont own a billion shares of exxon… and we end up getting bent over the barel so to speak lol
All kinds of dis-info in this thread, biggest one is Shawn stating he’s not a democrat.
The government didn’t “give” AIG anything. It’s a loan. Maybe a bad on, but a loan none the less, and there are assests behing said loan.
Speculation is not necessarily bad, it’s actually good in some cases. I invested 10k on Wed, its worth $10,800 today, 8% in two days is way better than many peoples year to date.
It went nuts thursday after 3pm when MSNBC came out with a report that the US is considering some market “rule” changes… .
No matter how you look at it, alot of the market investing is empty and a gamble. People have money, not all the people, but alot of people… and they need a place to put it. In the mid-late 90’s it was the booming tech market, then it was real estate… NOW WHAT??? So it’s spreading out, people want some level of safety… and alot of them got farked, cause perceived safe investments and investment houses like Bear Stearns, Lehman etc have been wacked.
The question is, where are the boomers gonna put whatever savings they have left… Are 50 million 401k investors still dumping 2-8% of weekly pay into their 401k, are their investments being changed or monitored by average folk?
Where goes the money form any real estate sell off? Where does the smart investor put his money? Does the smart investor know the HUGE tax increase and socialist thoughts of Barrack Obama and his “Fairness Doctrine”.
Is is wise to convert to all Roth IRA’s, cause we know darn well the current tax rate is the best we will see for a long time…
Who knows…
But Biomeds, and the medical industry is growing with the boomers…is that where their dollars will end up? In their own health?
Is the financial industry strong enough to maintain and grow?? Lotsa crooks there, but they hold some keys.
OIL… um, I bought shell and Exxon yesterday too… cause they made a profit at $25 per barrell, how will they do in the future? Natural gas… a good thought.
Bottom line is it is all a Gamble, but one thing for sure, tax increases are coming, both income and in fee structure. An Obama administration will not extend the Bush tax cuts and will attack inheritance as well as anyone making 41.k or more per year. And all of you will soon be making more than that if not already. A McCain admin will not boost consumer confidence in the media especially. Grab your wallet, or take a risk, u decide. I’m gonna take some risks.
taking risks is the only way to go IMO