Dow Jones Index collapse

[jalaffa]

OK- I spot dow down 636 points as I am writing this. I've been in the market since I was 16 year old. Never seen something like this before. Any thoughts?

[irefay]

Dont worry 3 weeks after the election, it will go back up. The politicians need stuff to look bad right now.

[myidisbb]

OK- I spot dow down 636 points as I am writing this. I've been in the market since I was 16 year old. Never seen something like this before. Any thoughts?

if you have some extra money then buy.

freddie and fannie clapse was directly 100% democrat party's fault. they are the ones that cause this economy slow down. not bush nor the gutless gop.

the markets been falling for the last few days after hearing obama's crap of fines and force health care and taxes.

now the little !@#$'s want to to take away the tax free befinets for 401k's.

looks like democrats now have bigger plans to keep us in a depression with their versions of new deal crap.

[sumant30]

Well looks like big US OF A is going down big time.

[Luthian]

OK- I spot dow down 636 points as I am writing this. I've been in the market since I was 16 year old. Never seen something like this before. Any thoughts?

if you have some extra money then buy.

freddie and fannie clapse was directly 100% democrat party's fault. they are the ones that cause this economy slow down. not bush nor the gutless gop.

the markets been falling for the last few days after hearing obama's crap of fines and force health care and taxes.

now the little !@#$'s want to to take away the tax free befinets for 401k's.

looks like democrats now have bigger plans to keep us in a depression with their versions of new deal crap.

Are you out of your friggin mind?!?!? It was the reckless deregulation that was done by the Bush administration, spearheaded by McCain in the senate, the only crap about "fines, forced health care and taxes" are the lies about Obama's policy coming from the McCain campaign, thank god he can't win.

(FYI: The New Deal saved this country from total collapse, a collapse that was brought about by a REPUBLICAN administration)

[myidisbb]

Are you out of your friggin mind?!?!? It was the reckless deregulation that was done by the Bush administration, spearheaded by McCain in the senate, the only crap about "fines, forced health care and taxes" are the lies about Obama's policy coming from the McCain campaign, thank god he can't win.

(FYI: The New Deal saved this country from total collapse, a collapse that was brought about by a REPUBLICAN administration)

no the new deal kept everyone in a great depression. it was ww2 that free us. oct 1929 happen because the british government devalue gold. you really should go back to school. opps. must been ayers and obama new eduction schools that you went too.

obama connected to acorn. acrorn with the homo and black dnc connected to freddie and fannie. they force banks and other mortage companies to make laons to people that should never gotten them. you can believe the great demcorat party lie and you want too. just another sheep.

gop with mccain leading the way tired and tired to get freddie and fannie fixed. it was the homo and black dnc that stop it everytime.

obama wants to get rid of bushes tax cuts that safed us after 9/11. that means obama wants to tax everyone. that is 100% tax increase and everyone. that is not even counting force health fines and taxes on companies.

if you support nsane site and others like them then you should not vote democrat. copyright and dmca rewrite for joe biden riaa friends is coming.

btw might want to close this thread since you are going to have strong views on both sides.

[Luthian]

Are you out of your friggin mind?!?!? It was the reckless deregulation that was done by the Bush administration, spearheaded by McCain in the senate, the only crap about "fines, forced health care and taxes" are the lies about Obama's policy coming from the McCain campaign, thank god he can't win.

(FYI: The New Deal saved this country from total collapse, a collapse that was brought about by a REPUBLICAN administration)

no the new deal kept everyone in a great depression. it was ww2 that free us. oct 1929 happen because the british government devalue gold. you really should go back to school. opps. must been ayers and obama new eduction schools that you went too.

obama connected to acorn. acrorn with the homo and black dnc connected to freddie and fannie. they force banks and other mortage companies to make laons to people that should never gotten them. you can believe the great demcorat party lie and you want too. just another sheep.

gop with mccain leading the way tired and tired to get freddie and fannie fixed. it was the homo and black dnc that stop it everytime.

obama wants to get rid of bushes tax cuts that safed us after 9/11. that means obama wants to tax everyone. that is 100% tax increase and everyone. that is not even counting force health fines and taxes on companies.

if you support nsane site and others like them then you should not vote democrat. copyright and dmca rewrite for joe biden riaa friends is coming.

btw might want to close this thread since you are going to have strong views on both sides.

I can't say this enough, you are completely making things up, nothing more nothing less.

First, if anyone needs to go back to school, its you, you can't even speak proper English. Second, you are buying into the GOP's lies about Obama's non-existent connections to organizations that are actually supporting McCain. Third, Obama wants to get rid of bushes tax cuts for the top 1% and give everybody else an extremely large tax cut (even small business if they make less than 200,000 dollars a year, which 90% of them do). Third, apparently you know nothing about the rampant deregulation lead by McCain that actually caused the fannie and freddie collapse, the democrats had nothing to do with it, they weren't even in charge, the republicans were.

Fourth, Obama is not Pro-RIAA or MPAA, what Biden believes doesn't really matter he isn't going to be President, Obama is, and he supports us.

Please, remove your head from wherever its been stuffed for the past 8 years.

[shought]

You both had your arguments and you guys both know each others point of view, and now accept it, learn to live with it and try not to think about it too much when you're trying to fall asleep, because if you do, you can't.

First of all please don't start mixing up different topics here, because politics and economics are way different and second don't start making remarks towards the other person(both of you, I don't care who started, but I do know who did).

One more word in this and topic closed. Other replies regarding this subject are still welcome though.

Edit: and if you really need to get something of your chest(if it's regarding a murder, please call the cops, but anything else) send me a PM.

[bearoninternet]

Off topic: :dance2: Please go here.

Have fun! :dance2:

On topic:

OK- I spot dow down 636 points as I am writing this. I've been in the market since I was 16 year old. Never seen something like this before. Any thoughts?

This is just the beginning i'm afraid. It's all sentiment imo. But it will take a bite at real markets.

The good thing is; what goes up must come down, what goes down must go up.

Let's hope up will be soon..

[jalaffa]

The Times, October 12, 2008

IMF warns that markets could collapse by another 20%

The world is on the brink of financial meltdown, the head of the International Monetary Fund (IMF) said last night. His bleak warning came as finance ministers tried to calm the frenzy in markets that saw share prices crash by more than 20% last week.

Separately, the IMF's chief economist predicted that shares could slump by another 20% before stabilising. G7 finance ministers pledged to take all necessary steps to support the banking system and stave off an economic slump.

Dominique Strauss-Kahn, the head of the IMF, warned that the measures so far "have not yet achieved the goal of stabilising markets and bolstering confidence".

He said: "Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown." Countries would need to take further measures, including interest rate cuts and steps to bolster the banks.

Olivier Blanchard, his chief economist, said stock markets had further to fall. "At the worst, the governments will need another few weeks to make the right assessment and the stock exchanges could fall by another 20%; then there will be a turnaround," he said.

Source

[sumant30]

Well here in India we too have a grim situation our sensex has shed almost 10k points as our economy is dependent on Us economy. :dance2: :dance2: :frusty:

[demonon]

Our teacher who gives us economic class gave us a news article which explained the credit crisis. Too bad it's in dutch, but let me try to translate it or find the article in english.

[Ambrocious]

Anyone with cash had better invest in gold now...

[myidisbb]

Anyone with cash had better invest in gold now...

yes please make that mistake :P

[jalaffa]

I'm going in now. Started on Friday. Maybe to early - maybe...

[box]

I'm going in now. Started on Friday. Maybe to early - maybe...

I sold all my mutual funds when Lehman collapsed. I am now 50% reinvested. I will crap if the automakers go into bankruptcy.

[irefay]

You can almost guarantee that if someone uses the word "depression" they are eather clueless about what they are talking about OR they represent a company trying to get bailout money.