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Black Monday 2.0
Good [+1]Toggle ReplyLink» neoform replied on Mon Sep 29, 2008 @ 4:17pm |
Yeah, if anyone was watching the US markets today.. there was lots of blood.
S&P: -8.66% NASDAQ: -9.14% DOW: -6.98% | |
I'm feeling pompous right now.. |
Good [+1]Toggle ReplyLink» Screwhead replied on Mon Sep 29, 2008 @ 4:19pm |
Good [+1]Toggle ReplyLink» neoform replied on Mon Sep 29, 2008 @ 4:27pm |
Good [+1]Toggle ReplyLink» Gamos replied on Mon Sep 29, 2008 @ 11:41pm |
Meh...either the dumb fucks in congress will get their act together and fix the problem, or the Fed will impliment the second best plan: attempt to inflate the problem away
700B bail out package or 0.75% interest rates + huge M1 money supply growth | |
I'm feeling at home ^__^ right now.. |
Good [+1]Toggle ReplyLink» nothingnopenope replied on Tue Sep 30, 2008 @ 12:29am |
The whole problem is a system based on credit and speculation, and not tangible money. | |
I'm feeling gangsta right now.. |
Good [+1]Toggle ReplyLink» neoform replied on Tue Sep 30, 2008 @ 9:49am |
Originally Posted By GAMOS
inflate the problem away That will happen one way or another. | |
I'm feeling pompous right now.. |
Good [+1]Toggle ReplyLink» Nuclear replied on Tue Sep 30, 2008 @ 12:50pm |
If stock prices fell that hard it's because a lot of people sold their stocks... Someone made a lot of money off this... I wonder who were the first people to sell... I'm sure 700b was gained from all this by certain people... | |
I'm feeling nuclear right now.. |
Good [+1]Toggle ReplyLink» neoform replied on Tue Sep 30, 2008 @ 3:52pm |
Originally Posted By NUCLEAR
If stock prices fell that hard it's because a lot of people sold their stocks... Someone made a lot of money off this... I wonder who were the first people to sell... I'm sure 700b was gained from all this by certain people... that's not how it works. yes, people sold stocks and left with money, but those companies that had their stocks sold now have less money, when so many companies have less money they have to make cutbacks. those cutbacks end up being felt when they start firing people. then the economy slows.. | |
I'm feeling pompous right now.. |
Black Monday 2.0
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