Life World Markets Crashing!!!! - Page 4

**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.

Frazod · 10-10-2008, 12:07 AM

Quote:

Originally Posted by DaneMcCloud

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.

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.

**DaneMcCloud** · 10-10-2008, 12:10 AM

Quote:

Originally Posted by frazod

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.

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...

boogblaster · 10-10-2008, 12:13 AM

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 ..

Silock · 10-10-2008, 12:13 AM

Quote:

Originally Posted by DaneMcCloud

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...

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.

**DaneMcCloud** · 10-10-2008, 12:15 AM

Quote:

Originally Posted by Silock

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.

Frazod · 10-10-2008, 12:16 AM

Quote:

Originally Posted by DaneMcCloud

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...

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.

**DaneMcCloud** · 10-10-2008, 12:18 AM

Quote:

Originally Posted by frazod

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...

Frazod · 10-10-2008, 12:20 AM

Quote:

Originally Posted by DaneMcCloud

Best wishes to him.

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

Amen, brother.

**Donger** · 10-10-2008, 05:30 AM

Quote:

Originally Posted by irishjayhawk

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.

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

**OnTheWarpath15** · 10-10-2008, 06:38 AM

Quote:

Originally Posted by 'Hamas' Jenkins

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

Quote:

Originally Posted by Mr Flopnuts

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".

Please explain for the Economics for Dummies crowd.

King_Chief_Fan · 10-10-2008, 06:44 AM

Quote:

Originally Posted by Silock

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.

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.

cookster50 · 10-10-2008, 06:45 AM

Quote:

Originally Posted by OnTheWarpath58

Please explain for the Economics for Dummies crowd.

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.

King_Chief_Fan · 10-10-2008, 06:47 AM

Quote:

Originally Posted by Silock

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

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.

**BigRedChief** · 10-10-2008, 06:52 AM

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

King_Chief_Fan · 10-10-2008, 06:55 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.

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

10-09-2008, 08:47 PM
petegz28 Supporter Join Date: Feb 2005 Location: Olathe, Ks Casino cash: $-1105873	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.
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10-10-2008, 12:13 AM	#48
boogblaster MVP Join Date: Sep 2005 Location: Verdigris Valley Campsite Casino cash: $10004900	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 .. __________________ WR or S please
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10-10-2008, 06:52 AM	#59
BigRedChief Has a particular set of skills Join Date: Dec 2003 Location: On the water Casino cash: $-791038 VARSITY	And there are still actual intelligent thoughtful people who think we need 4 more years of Bush policies. I just don't get that. __________________ Mahomes is not a game manager. Release the Kraken.
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