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Lets all gather around and watch the market crash!


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Old 03-16-2008, 08:51 PM   #1 (permalink)
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Lets all gather around and watch the market crash!
Join in with me ...

thoughts? opinions?

are we fucked?

will monday may 17th go down in history?

i think it might.

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Old 03-16-2008, 09:55 PM   #2 (permalink)
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Re: Lets all gather around and watch the market crash!
I think we are in for some trouble.

I am going to raise a big garden this year just in case...

I'm a good old rebel, now that's just what I am.
I won't be reconstructed and I do not give a damn.
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Old 03-16-2008, 10:02 PM   #3 (permalink)
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Re: Lets all gather around and watch the market crash!
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Originally Posted by Dakstang View Post
I think we are in for some trouble.

I am going to raise a big garden this year just in case...
I don't think that is a bad idea. Record high debt, numerous companies on the verge of collapse, and we're no longer the 'de-factor leader' in the currency world. It's only a matter of time until OPEC changes over to the Euro, and when that happens... well fuck it, lets just hope that doesn't happen.

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Old 03-16-2008, 10:21 PM   #4 (permalink)
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Re: Lets all gather around and watch the market crash!
Why tomarrow? Sorry I haven't been watching the news lately. I know the market is doing bad but are they speculating something that would make you think tomarrow is the end all day?

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Old 03-16-2008, 10:24 PM   #5 (permalink)
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Re: Lets all gather around and watch the market crash!
Oh great, I suspect ol' Ruse will have new neighbors when everybody moves out of their houses and into the woods.
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Old 03-16-2008, 10:31 PM   #6 (permalink)
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Re: Lets all gather around and watch the market crash!
Quote:
Originally Posted by Ruse the Moose View Post
Oh great, I suspect ol' Ruse will have new neighbors when everybody moves out of their houses and into the woods.
If there is a food shortage you have more than that to worry about...

I'm a good old rebel, now that's just what I am.
I won't be reconstructed and I do not give a damn.
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Old 03-16-2008, 10:35 PM   #7 (permalink)
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Re: Lets all gather around and watch the market crash!
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Originally Posted by Felix View Post
Why tomarrow? Sorry I haven't been watching the news lately. I know the market is doing bad but are they speculating something that would make you think tomarrow is the end all day?
JPMorgan announced they are buying Bear Sterns for $2.00 a share... about $98 off the price it was at just 2 months ago, and $28 off the price it closed at Friday.

An announcement for Lehman Brothers hasn't been made yet, but it's expected that they'll probably be sold around the same price soon. Right now their stock is at $39, about half of what it was at the beginning of the year. If they're not sold this week, immediate bankruptcy is almost expected.

CitiGroup, Goldman Sachs, WaMu, HSBC, and Huntington are all also experiencing an extremely rough ride. It can be expected they'll be announcing some drastic changes in the near future.

And that's just the finance sector.

GM, Boeing, Chrysler (though they're privately held), Ford are all looking at a rough ride. Several hedge funds are fucked, which means many big investors are going to lose A LOT.

And mother fuck! I put money into savings and the freaking inflation rate versus the ridiculously low interest rate means I'm losing money!

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Old 03-18-2008, 09:52 AM   #8 (permalink)
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Re: Lets all gather around and watch the market crash!
Well, Lehman Brothers posted better than expected results, so I guess things arent totally spiraling out of control...
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Old 03-18-2008, 05:42 PM   #9 (permalink)
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Re: Lets all gather around and watch the market crash!
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Well, Lehman Brothers posted better than expected results, so I guess things arent totally spiraling out of control...
Yeah. Call me Jim Cramer.

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