world markets today

[i!!ustrious]

Re: world markets today

a mega shitstorm this is.

i think it's going to get much, much worse before it gets any better. there is a lot of suffering in stock for us forsures, but do not obsolete, and outmoded systems get obliterated, so that more powerful systems can manifest? that's how it always is. imagine a more proportionate capitalism, that gets my hopes up at least.

honestly, are the great minds of the world progressing into such a stagnant state of retardation? damn, we just entered a new millennium, and have come so far since the preceding world wars. tryin to stay optimistic thru it all.

[Miroslav]

Re: world markets today

i think it's going to get much, much worse before it gets any better. there is a lot of suffering in stock for us forsures, but do not obsolete, and outmoded systems get obliterated, so that more powerful systems can manifest? that's how it always is. imagine a more proportionate capitalism, that gets my hopes up at least.

Indeed it will. Get used to the markets doing this for a while, and for real economic hardship to follow soon. I don't know that we'll get a better permanent system out of this - the way I see this working is a cycle. It's a cycle driven by human nature. People invest conservatively for a while, and markets remain generally aligned with economic fundamentals. Then some people get greedy and adopt a riskier investment profile, leverage themselves...and all too often lie themselved into thinking it's not that risky. This is around the time when the disparity between the rich and the poor grows exponentially. And then the cycle starts over. You can see this cycle reflected in the vascillation of things like too much and too little market regulation, disparity between the rich and the poor, etc.

One thing you can bet on for sure is that this cycle will not fundamentally change over time. It will keep happening. Why? Because human nature does not fundamentally change over time.

[day_for_night]

Re: world markets today

put down the business section of the news paper and go outside. you'll be much happier.

[chuckc]

Re: world markets today

I cant believe what is going on.....so much for my 401K. I have lost so much it makes me want to puke.

those of you that have 401k's i was thinking of moving my money all into one of the more stable low risk funds (US stable bank fund or Pimco) so i dont lose anymore....Is this a smart thing to do

[Steve Graham]

Re: world markets today

take it all out and put it in a shoe box IMO.. the tax penalty will be less than what you'll probably lose leaving it where it is, lol

[miketpoto]

Re: world markets today

Ugh, I just want people to keep their jobs

[chuckc]

Re: world markets today

lol, no kidding...there laying people off at my company too....

this world is going to sh*t quick

[Miroslav]

Re: world markets today

wOOt! Another 700 point loss day!!!

[toasty]

Re: world markets today

those of you that have 401k's i was thinking of moving my money all into one of the more stable low risk funds (US stable bank fund or Pimco) so i dont lose anymore....Is this a smart thing to do

I'm no financial expert, so take this for what it's worth, but I'm not touching any of my long-term investments -- 401K, variable term life insurance, etc. They are long term enough that you can expect to see ebbs and flows in the market over their lifetime. It sucks to watch their value plummet, but unless you are much older than the rest of us, you're not going to be touching it for a long time anyway, and it will have ample time to recover -- plus the money you're putting into it now is buying stocks at real bargains. If you take your money out now, though, you realize your loss immediately, in addition to the penalties, taxes, etc.

I'm trying to remind myself that you put money in these sorts of investments because in the long term, they perform well, even if there are ebbs and flows in the short term. Trying to time the market is something you do with short-term investments, not 401Ks.

At least that's what I'm telling myself. I'm trying hard to not check the balance, because it just bums me out. They've got to rebound eventually, right?

[thesightless]

Re: world markets today

today the world markets did a giant facepalm


sadly, the worlds banking and tock markets are about to be socialized .... human stupidity and lack of ability to google how this works will kill us all.

[Miroslav]

Re: world markets today

.... human stupidity and lack of ability to google how this works will kill us all.

Just don't forget that the greatest stupidity and culpability for this mess lies in the hands of the "experts", both in government and in Wall Street, who were trained to know better but led us into this mess anyways.

[FM]

Re: world markets today

Japan down 11% now...IN THE FIRST 40 MINUTES OF OPENING...

[FM]

Re: world markets today

before I forget, Bush is speaking at 10am tomorrow...


"the economy is fundamentally strong..."

[Miroslav]

Re: world markets today

Japan down 11% now...IN THE FIRST 40 MINUTES OF OPENING...

sucks to be them! glad we have none of that here

[thesightless]

Re: world markets today

Just don't forget that the greatest stupidity and culpability for this mess lies in the hands of the "experts", both in government and in Wall Street, who were trained to know better but led us into this mess anyways.

miro, i expect a better opinion out of you, considering your firm. if americana kept the balance sheets happy, today would be an anarchist's pipedream. media caused the mass deportation of money from the market, like the old days where birth control was considered pullin out.