Home › Forums › Financial Markets/Economics › Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8
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capeman.
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August 15, 2007 at 9:57 PM #76204August 15, 2007 at 10:02 PM #76216
capeman
ParticipantNo way in a free market capitalist economy! Some one would peg his appearance to the financial/housing markets with a lot of people (i.e. Florida realtors) claiming he will save everyone from their overleveraged lives. In reality I would expect him to shrug the shoulder and say “Dude, it’s only paper”. Then the market economy goes poof… or something like that.
August 15, 2007 at 10:02 PM #76214ParticipantNo way in a free market capitalist economy! Some one would peg his appearance to the financial/housing markets with a lot of people (i.e. Florida realtors) claiming he will save everyone from their overleveraged lives. In reality I would expect him to shrug the shoulder and say “Dude, it’s only paper”. Then the market economy goes poof… or something like that.
August 15, 2007 at 10:02 PM #76095ParticipantNo way in a free market capitalist economy! Some one would peg his appearance to the financial/housing markets with a lot of people (i.e. Florida realtors) claiming he will save everyone from their overleveraged lives. In reality I would expect him to shrug the shoulder and say “Dude, it’s only paper”. Then the market economy goes poof… or something like that.
August 15, 2007 at 10:04 PM #76220GoUSC
ParticipantAnyone else finding the slow motion unraveling of the world economy somewhat disturbing? I can just see US consumer consumption falling off a cliff and sending China into serious recession. Or worse, their markets take a tumble and the peasants who invested their life savings in the market (and thus lost it) protesting the government for not taking care of them…
August 15, 2007 at 10:04 PM #76222ParticipantAnyone else finding the slow motion unraveling of the world economy somewhat disturbing? I can just see US consumer consumption falling off a cliff and sending China into serious recession. Or worse, their markets take a tumble and the peasants who invested their life savings in the market (and thus lost it) protesting the government for not taking care of them…
August 15, 2007 at 10:04 PM #76101ParticipantAnyone else finding the slow motion unraveling of the world economy somewhat disturbing? I can just see US consumer consumption falling off a cliff and sending China into serious recession. Or worse, their markets take a tumble and the peasants who invested their life savings in the market (and thus lost it) protesting the government for not taking care of them…
August 15, 2007 at 10:14 PM #76234ParticipantOr worse, their markets take a tumble and the peasants who invested their life savings in the market (and thus lost it) protesting the government for not taking care of them…
Sounds like the crowd in this country after 2000 and likely now during the housing bust. Help me!!… I loaded my BC with 400lbs of shot and jumped in the water and I can't float…
August 15, 2007 at 10:14 PM #76232ParticipantOr worse, their markets take a tumble and the peasants who invested their life savings in the market (and thus lost it) protesting the government for not taking care of them…
Sounds like the crowd in this country after 2000 and likely now during the housing bust. Help me!!… I loaded my BC with 400lbs of shot and jumped in the water and I can't float…
August 15, 2007 at 10:14 PM #76113ParticipantOr worse, their markets take a tumble and the peasants who invested their life savings in the market (and thus lost it) protesting the government for not taking care of them…
Sounds like the crowd in this country after 2000 and likely now during the housing bust. Help me!!… I loaded my BC with 400lbs of shot and jumped in the water and I can't float…
August 16, 2007 at 1:22 AM #76303Anonymous
Guestone_muggle, I would have thought that if gold were overbought, that it would have moved down with all of this – ppl selling to get some more liquidity, possibly cover some bad bets. But it hasn’t done much of anything recently.
On the other hand, it would do well with the dollar weakening, but the dollar is strengthening. So I have no idea whats going on with it. Seems like there is better money to be made elsewhere right now though.
August 16, 2007 at 1:22 AM #76301Guestone_muggle, I would have thought that if gold were overbought, that it would have moved down with all of this – ppl selling to get some more liquidity, possibly cover some bad bets. But it hasn’t done much of anything recently.
On the other hand, it would do well with the dollar weakening, but the dollar is strengthening. So I have no idea whats going on with it. Seems like there is better money to be made elsewhere right now though.
August 16, 2007 at 1:22 AM #76182Guestone_muggle, I would have thought that if gold were overbought, that it would have moved down with all of this – ppl selling to get some more liquidity, possibly cover some bad bets. But it hasn’t done much of anything recently.
On the other hand, it would do well with the dollar weakening, but the dollar is strengthening. So I have no idea whats going on with it. Seems like there is better money to be made elsewhere right now though.
August 16, 2007 at 7:39 AM #76331JES
ParticipantAnyone else enjoying this market correction as much as I am? Nostodamus here: I predict that it will fall 500 points today. the perfect storm is brewing and cash is king.
August 16, 2007 at 7:39 AM #76333ParticipantAnyone else enjoying this market correction as much as I am? Nostodamus here: I predict that it will fall 500 points today. the perfect storm is brewing and cash is king.
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