World Markets Crashing!!!!
 

Markets are crashing across the board right now...

Tokyo -10.6%
Singapore -6.9%
Australia -6.8%
Hong Kong -7.9%



This is starting to become some real scary stuff.

**** me.

Scary ass shit.

I suppose its time to invest in stock....well, at least a stockpile.

Bailout worked?

Is GM at 4.76 or Ford at 2.08 of interest to anyone? With new tech. on the horizon and what not...?

Or would this be pissing into the wind pre-buyout.

on the bright side, oil is down $4+ a barrel

I filled up for under 55.00 today for the first time in a long damn time.

Donger the oil shill will be in to tell me off but I find it amazing:

Dollar continues downward, markets are crashing, and panic has set in financially and yet gasoline is going DOWN.

Pretty hard not to conclude they have gouged the living hell out of people for a good 7 years.

I read an article that things are going to still be bad for awhile. They are expecting the DOW to drop into the 7000's... wow...wth!

for the young folks out there it's not the end of the world if you own stock. Just don't sell. Remember you still have what you saw before the crash its just not valued at what you saw. For people retiring in 5 years or less or who have kids going to college this is a very serious time. Lets hope for a quick turnaround.

Savings accounts look pretty good right now. Put your money in a bank not in market.

Except that interest rates are so low. Savings aren't loosing money but...

The first thing anyone should do is to get themselves some emergency cash on hand, and then start getting rid of debt and stay out of debt. You can save/invest a whole lot more when you're not giving your money to someone else. :) Thanks Dave Ramsey!!:D

We need another bailout!!!

I would think that Treasuries would be the way to go.

Except that in times of hyperinflation your preexisting debt will end up costing you much less.

In a bad economy all commodity prices go down, and oil especially as it's tied into a host of products that get used alot less in a down economy, including gas of course.

Next Tuesday could be a great time to buy.

I wonder if Americans, who may/will find themselves homeless, began congregating in the numerous Bushvilles?

The Rothschild's are way ahead of you.

They should be if they have any sense.

Watch "The Money Masters'. pretty dry, but amazing.

I have no idea what you're talking about.

Play the market when it's down and ride it back up.

I'm getting back in on Tuesday unless I see something I don't expect on Friday or Monday.

My savings acoount with its whopping .5% interest rate is a joke.

I'm in physical pain here. I should've listened to my parents and just blown my money on sloe gin and fast women.

Pelosi wants to print us all up some more paper. Or money, as it's called in the suburbs.

Exactly. If you have a bunch of bills right now and you're not facing garnishment, or any other form of involuntary recovery, sit on it for awhile. Believe it or not, right now it looks like a "good investment".

I think it is time for a "How much physical pain would you endure to make this go away" thread.

Its the value of the dollah. :D

No the average American needs a bailout, not financing one or two!

It's always a good time to buy.

Dollar cost averaging.

The dollar isn't continuing down. I don't know what you've been reading, but the dollar is pretty strong right now compared to where it's been.

Brace yourselves folks... McCain isn't going to win, so the powers that be are rocking the boat a bit. Don't worry. Go back to sleep.

If they were that powerful, they'd have shot Obama by now. This was a long time coming.

Haven't you figured it out .. Thats the plan .. break Asia and China they own too much now ... Too bad lots of US investers are going down with them ... Guess you should have buried your money in a old can or jar ...

Dollar cost averaging is fine way to figure your position. I'm more interested in market timing.

Thank God I invested in Ramen and Kraft Mac n' Cheese.

I was talking to my best friend tonight. He sure wishes he'd buried his money in the backyard - he's down half a million dollars.

Just as long as you don't invest in anything the Fed might buy up...

500k????????

Holy ****ing shit.

I'm down nearly 70k this month in retirement funds and I'm freaking livid (and completely bummed out).

I guess I got off easy.

Buy that man a beer.

Well, he's still up on me considerably. :D

-7.5% here in all investments. Could be a LOT worse.

Quite possibly not for much longer...

It's so bad out there (and we could get into all the billions of variables but I'd rather not) that I just feel bad for anyone regardless of stature, that's losing money by the second.

Jesus, I'm down 30% in the past 3 weeks.

The scary part is he's got a masters in finance - this is somebody who is frugal, savvy and informed, and he's getting pulverized right along with everybody else.

Bad, bad times. :shake:

Even the smartest, most educated and most market savvy people are getting killed right now. It's terrible.

We still have about 100k left in the market and I seriously almost pulled all of it out on Tuesday and put it in a money market account. Two days later, we're down 500 more points and I'm thinking to myself "did I do the right thing by leaving it in or am I an idiot?".

I'm feeling like the latter...

Yea you saw Europe, they bailed this week changed their banking and investing laws .. I think its all about the new Ameridollar they have planed, it will be brought in soon ... Just watch ... Bush is leaving us a another littl' stinkin' pile on his way out ..

Most of the educated and market savvy people didn't do anything this week. There's not enough information to know WHAT to do, so the best play is just to leave everything alone. I think you did the right thing.

That's the problem. No one can predict right or wrong. I mean, volatile doesn't even apply.

Insane is closer to the point.

I think he's at the point where he's pretty much got to ride it out.

Like I said, this guy is Mr. Frugal - we bought cars around the same time in 1997 - I've owned five other vehicles since then, he still drives his old crappy Saturn. He doesn't live like a pauper or anything, but he's certainly not enjoyed the quality of life that he could have. And now, he just kind of feels cheated.

Best wishes to him.

I hope for all of us that it comes back around sooner than later...

Amen, brother.

No, too easy. Like ripping the wings off a wounded fly.

Please explain for the Economics for Dummies crowd.

I think in general you are right. But when predicitions continue to be accurate and the bottom is yet to come, pulling out and putting into money market or other types of cash makes a lot of sense. You can always jump back in when the tide starts turning and ride it back up.

Inflation means your pay *should* increase, so you will be paid more but your debt remains fixed, so you can pay it back with "cheaper" money.

you need to give the rest of us some advice then.
The market is down 30+ %.

My 401K has lost $415K since this started. That sets my retirement plans back just a bit.

And there are still actual intelligent thoughtful people who think we need 4 more years of Bush policies. I just don't get that.

Last I knew, Bush isn't running for president.

It's bad, without a doubt... but the other thing you can pretty much count on is that some stocks are going to drop below their market value and will rebound fairly quickly. Somebody is going to buy those stocks and when the rebound happens, folks are going to make a lot of money.

But his policies are. They are the gift that keeps on giving.

so then it won't matter who is president?

exactly!

Are you a bigger supporter of the Council on Foreign Relations or the Tri-Lateral Commission? Doesn't matter who wins, they're all controlled by the same bunch of folks.

Europe is down 9+% across the board this morning

My point which I thought was clear was that the candidate who's name is on the ballot this year (John Mccain) has based 95% of his proposed economic policy(tax cuts and trickle down economics) on a continuation of the Bush polices of the last 8 years.

Economic power is being consolidated. Smaller independent banks that took too many risks are being absorbed by the uberpowerful banks (families) that have the reserves. We're panicking, they're buying. This was all a mistake that could have been avoided, but we allowed fractional reserves to go from 10x to 30x. People were lending a bunch of money they didn't have, and the lawmakers allowed it to happen.

Yeah, the Bush family is part of the problem. Do a search on Brown Brothers Harriman, and then take a look at who originally loaned BBH the money they needed to get started in the first place - you'll find the heirs of Nathan Rothschild.

This whole mess is being manufactured to eliminate fringe players, and get the payments going to a select few banking families.

We don't need Obama or McCain. We need Andrew Jackson.

Maybe they aren't as intelligent or thoughtful as you thought...

ive lost several grand lately, but im not panicing, it will go back up eventually

Warren Buffet is literally shitting himself right now related to how all these irrational bastards are going to make him even richer........

You forgot the 2nd half of any decent supply side argument -- cut spending.

The half your referencing actually led to increased revenue. In that regard, the Bush policies were correct.

The problem is that the man expanded government spending to points heretofore unheard of.

If MCain continues with the tax cuts and trickle downs, yet also cuts federal spending, you'll get a true functioning economic policy.

Probably, but he's lost an assload on his preferred on Goldman and GE so far, at least on paper. Still, we'll be able to look back in a year or so and shake our heads that he was able to get in at such low price points.

This is a great time to get in the market.

I was watching the opening of the market today and every 30 seconds it was dropping like a rock. As several stated above, those who are set to retire in the near future are the ones taking a true hit and may have to work a lot longer "if" they didn't put their money in safer investments as retirement time came knocking. For the rest of us, unless you sell at this cut rate price, you haven't lost a dime. GM looks like a decent buy, unless they decide to file for BK, which could very well happen from the way things are looking. Someone was telling me their stock was at $105 in 2000? Wow..........

It always does. The ones that are buying aren't stupid. They are heading towards a huge payday in a few years.

Oil will go back up right after the election. Bet on it.

Absolutely. It might not happen right away - there will be a little honeymoon. If we go into a full-blown world wide depression, gas will come down in price. Trump predicted a buck a gallon (doubtful). As all things that are a limited commodity, it'll go back up as demand kicks back up.

No demand right now for gas in the U.S. Summer's over, everyone is broke from paying so much.
I feel bad for you baby boomers that want to retire, but those of you who voted for Bush brought this on all of us. Good news is, your kids, and in some cases grandkids stand to make a lot of money in real estate, and the stock market. Who knows, if you guys live long enough, we might have enough to fix Social Security, and bail your asses out for a second time.

I'm not sure about the election, but it will go up whenever the market starts recovering. So many of the emerging countries depend on us to import their goods, and when we suffer they suffer and thus global demand for oil drops.

Still, OPEC has already talked about cutting production due to a drop in demand - they won't let oil fall too far. Bastards.

I voted for Bush and I'm not happy about my choice. However, In no way did I bring anything on anyone. :rolleyes:

Garbage like this is exactly why we have a DC Forum. Please take it there.