Life World Markets Crashing!!!! - Page 5

**petegz28** · 10-09-2008, 08:47 PM

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.

Braincase · 10-10-2008, 06:55 AM

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.

**BigRedChief** · 10-10-2008, 06:56 AM

Quote:

Originally Posted by King_Chief_Fan

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

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

King_Chief_Fan · 10-10-2008, 06:59 AM

Quote:

Originally Posted by BigRedChief

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

so then it won't matter who is president?

Friendo · 10-10-2008, 07:02 AM

Quote:

Originally Posted by Braincase

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.

exactly!

Braincase · 10-10-2008, 07:10 AM

Quote:

Originally Posted by King_Chief_Fan

so then it won't matter who is president?

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.

**petegz28** · 10-10-2008, 07:13 AM

Europe is down 9+% across the board this morning

**BigRedChief** · 10-10-2008, 07:16 AM

Quote:

Originally Posted by King_Chief_Fan

so then it won't matter who is president?

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.

Braincase · 10-10-2008, 07:27 AM

Quote:

Originally Posted by petegz28

Europe is down 9+% across the board this morning

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.

**OnTheWarpath15** · 10-10-2008, 07:32 AM

Quote:

Originally Posted by BigRedChief

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

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

Sure-Oz · 10-10-2008, 07:36 AM

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

tomahawk kid · 10-10-2008, 08:01 AM

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

DJ's left nut · 10-10-2008, 08:01 AM

Quote:

Originally Posted by BigRedChief

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.

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.

eazyb81 · 10-10-2008, 08:15 AM

Quote:

Originally Posted by tomahawk kid

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

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.

**Bwana** · 10-10-2008, 08:17 AM

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..........

Braincase · 10-10-2008, 08:20 AM

Quote:

Originally Posted by Sure-Oz

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

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

10-09-2008, 08:47 PM
petegz28 Supporter Join Date: Feb 2005 Location: Olathe, Ks Casino cash: $-1155873	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.
Posts: 132,519

10-10-2008, 06:55 AM	#61
Braincase Banned Join Date: Aug 2001 Location: Pond> Me <Barn Casino cash: $11298284	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. __________________ BrainCase
Posts: 15,429

10-10-2008, 07:13 AM	#66
petegz28 Supporter Join Date: Feb 2005 Location: Olathe, Ks Casino cash: $-1155873	Europe is down 9+% across the board this morning
Posts: 132,519

10-10-2008, 08:01 AM	#71
tomahawk kid Drunk in the Neighborhood Join Date: Nov 2002 Location: Beating the War Drums Casino cash: $10001837	Warren Buffet is literally shitting himself right now related to how all these irrational bastards are going to make him even richer........
Posts: 5,974

10-10-2008, 08:17 AM	#74
Bwana It's Five O'Clock Somewhere Join Date: Aug 2000 Location: Billings, Montana Casino cash: $2135780532	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.......... __________________ Adventure is dangerous....but monotony can kill you.
Posts: 70,500