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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: cyberspace
Posts: 8,019
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Seen the stockmarkets today...?
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#2 |
Confirmed User
Join Date: Feb 2008
Posts: 1,430
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looks kinda bad....
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#3 |
Sofa King Band
Join Date: Jul 2002
Location: Outside the box
Posts: 29,903
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Dow -119.15 (-1.69%)
I wonder if it could dip below 7000 today. |
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#4 |
www.AdultCopywriters.com
Industry Role:
Join Date: May 2006
Posts: 31,409
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worse and worse
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#5 |
Confirmed User
Join Date: Oct 2002
Location: Australia
Posts: 3,012
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Countries put out all these massive bailout and stim packages and the stock markets continue to tank... looks like investors have no confidence in the leadership.
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#6 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: cyberspace
Posts: 8,019
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Dow falls below 7,000 as worries about banks mount
Dow Jones industrials fall below 7,000 as worries about global financial system surge source: http://finance.yahoo.com/news/Dow-fa...-14510516.html |
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#7 |
Sofa King Band
Join Date: Jul 2002
Location: Outside the box
Posts: 29,903
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wow, guess that answers my question.
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#8 |
Confirmed User
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Join Date: Jun 2003
Location: cyberspace
Posts: 8,019
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#9 |
Confirmed User
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Join Date: Jun 2003
Location: cyberspace
Posts: 8,019
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Will AIG fall ?
http://edition.cnn.com/2009/BUSINESS...ner/index.html |
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#10 | |
Confirmed User
Industry Role:
Join Date: Nov 2000
Location: Oakville, Ontario, Canada
Posts: 9,287
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#11 |
Confirmed User
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Join Date: Nov 2000
Location: Oakville, Ontario, Canada
Posts: 9,287
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Who at AIG is going to walk away with billions when they fail?
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#12 |
Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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There is no support for the DOW until around 1,000 now that 7,000 is broken
![]() I've said many times that the governments around the world WANT the markets to tank. They need investors to buy their bonds to fund all this bailout/stimulus crap. They will manipulate the markets to make things less stable. They are doing it already... Unless you are a pro get out of the market entirely. You will almost certainly get burned. |
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#13 | |
Confirmed User
Join Date: Nov 2001
Location: USA
Posts: 3,072
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Quote:
Despite bailout, AIG reports massive loss American International Group reported a stunning $62 billion quarterly loss today http://money.cnn.com/2009/03/02/news.../aig/index.htm This is all BS! These banks have made so much money. They get the Bailout money for these bad house loans. They get to keep the houses and resell them! They get to still run collections on the difference on the inflated house prices that were foreclosed on. Example. My friend couldn't pay, his house was sold for $60K less than he owed. The Bank received a bailout for this bad loan, the bank has the house, and the bank says my friend owes them $60k still.. man talk about getting paid Several times.. Just my rant about Banks.... |
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#14 |
Too lazy to set a custom title
Industry Role:
Join Date: Sep 2002
Posts: 34,431
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we're fucked - should have just taken the bailout money these thieves blackmailed us into and put it into a fund to help the millions and millions of people who will need food and housing during the long Depression coming. all of them, the banks, the insurance companies, the auto companies should have been left to save themselves or go tits up.
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#15 |
Confirmed User
Join Date: Nov 2001
Location: USA
Posts: 3,072
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It's going to be fine guys!
Obama has a plan to cut the budget in half. (guessing like Mexico did, just cut some zeros off) His Budget is 3.6 Trillion dollars. If you spent One Million Dollars an Hour, 24 hours a day, it would take 411 years to equal 3.6 Trillion dollars... So I heard anyway! Homer Simpson said it best DOOHHH!!!! |
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#16 |
Too lazy to set a koala
Industry Role:
Join Date: Jan 2007
Location: CZ/EU forever!
Posts: 16,139
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rich will be rich, poor will be poorest, civil war is comming ... !
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#17 | |
Registered User
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Join Date: Feb 2006
Posts: 22,511
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#18 |
Confirmed User
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Join Date: Jul 2006
Location: Houston, TX
Posts: 327
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bad news for rich people
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#19 |
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Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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#20 |
ICQ: 197-556-237
Join Date: Jun 2003
Location: BRASIL !!!
Posts: 57,559
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FUCK, 60+ billions is a significative loss... How could this happen?
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I'm just a newbie. |
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#21 |
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#22 |
Ah My Balls
Industry Role:
Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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Anyone who did not get out at 10 or 9 are fucking stupid. The DOW will bottom near 3,000.
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#23 | |
Too lazy to set a custom title
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Join Date: Jan 2001
Posts: 51,694
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Quote:
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#24 |
Confirmed User
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Join Date: Apr 2005
Location: Vegas
Posts: 4,499
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The market has no confidence in Obama's absurd pork spending binge and massive government expansion. It is going to be a long 4 years.
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бабки, шлюхи, сила |
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#25 |
lurker
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Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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I had read its got to hit bottom. And that bottom is around 5000 then it can start recovering. We will see.
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#26 |
Confirmed User
Join Date: Aug 2007
Posts: 5,687
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Damn that Obama...if only we would have Bush be our president for 4 more years...LOL....or wait better yet....John Mccain and the retarded pageant lady...LOL
Back to work.
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No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com |
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#27 |
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http://finance.yahoo.com/intlindices?e=europe
down 3,46% to 5,67% http://finance.yahoo.com/intlindices?e=asia down 3% to 5% also http://finance.yahoo.com/intlindices?e=americas down 3.62% to 7.02% Not a good day for the stock markets. Not good at all. |
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#28 |
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Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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I am not saying they want a total collapse, but there is a risk of that. They clearly DO NOT want the markets to stabilize right now. If they did they would be doing things quite differently. If you add up the total FX reserves of China and Japan there is not enough money to fund what we need for all these stimulus/bailout programs in the US. There is a lot of private money sitting on the sidelines. A stable market means people will invest in the market vs. a treasury bond yielding 1% (or less). Instability and uncertainty will drive private money into these bonds.
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#29 |
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Join Date: Jun 2003
Location: cyberspace
Posts: 8,019
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Almost at 6800 and the day ain't over yet. Not good.
Then tommorrow, Asia & Europe will react to todays US indices... When will all this scary shit end? |
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#30 |
Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,638
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Dow 6,763.29 -299.64 -4.24%
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#31 |
Confirmed User
Join Date: Dec 2004
Location: Unknown
Posts: 4,283
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Yeah, the sky is kinda falling today!
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#32 | |
Too lazy to set a custom title
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Location: Homeless
Posts: 62,911
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Quote:
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#33 |
Confirmed User
Join Date: Jun 2002
Location: so. fla.
Posts: 2,817
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The dow should and will be between 3,000 and 3,500.
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#34 |
Confirmed User
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Join Date: Dec 2002
Location: Ontariariooooo
Posts: 1,211
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Some of my options posted 75% gains today.. indexes down.. my options up
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#35 |
Confirmed User
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I've been hitting F5 every 10 minutes on cnn and finance.yahoo all day after I read 67 Billion loss in one quarter from AIG (..times 4 in my mind...assuming 2008 was better then 2009) and compared to the money they received in bailout, it just did not add up IMO and I just got a "bad vibe".
Tommorrow all investors/banks/media&press/etc. are gonna react to it and that is my fear. |
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#36 |
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#37 |
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Join Date: Apr 2003
Location: Texas / London
Posts: 2,204
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yep today triggered a buy order from me.
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#38 |
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#39 |
Mainstream Businessman
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Join Date: Jan 2007
Location: San Diego
Posts: 9,291
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So yea, how much moola did the govt throw away to AIG again? How much of that has probably vanished? Companies do stupid things, make shitty investments, and we reward them! They need to change their name to UGH.
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#40 |
Doing the grind since 99
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Join Date: Oct 2003
Location: Buffalo NY
Posts: 16,879
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Trying to pick a bottom in this market has been a futile effort. I continue to buy on these heavy drops knowing full well I am going to still feel pain. No support at any level down here (short of the psychological level of 700 on the S&P).
The good news is we are starting to see a wash out. When everyone is negative that's a good sign. Everyone needs to lose hope and just give up. Then we can start talking about a bottom being formed. Hiding in gold could be a mistake right now as well. Margin calls will be coming in fast and furious and the first thing people are going to sell is the winning positions they have (IE: gold) to make the calls.
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#41 | |
Confirmed User
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Posts: 8,019
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Quote:
Up to a certain point I feel it's right to help out as a government. I really do. But most really large businesses are just a bit smarter then politicians and media combined. Ask any really really good certified accountant. This is where all gets ugly. |
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