Stock market in a free fall

[J0nnD0ugh]

Down 336 points as I type.

[CaptainZombie]

Re: Stock market in a free fall

Down 336 points as I type.

ouch

[SPTO]

Re: Stock market in a free fall

Yeah I alluded to this in the off topic thread. Pretty crazy stuff, how does this rank with Black Friday 1987?

[Stumbleweed]

Re: Stock market in a free fall

Greenspan says that this economy is the worst that he's ever seen. Doesn't surprise me... corporations have been allowed to run rampant for the last 25 years and it's finally catching up to us in a big way.

[SPTO]

Re: Stock market in a free fall

Greenspan says that this economy is the worst that he's ever seen. Doesn't surprise me... corporations have been allowed to run rampant for the last 25 years and it's finally catching up to us in a big way.

Ironic,

There was a recent article in I think Newsweek that blamed this economy on Greenspan himself.

[Stumbleweed]

Re: Stock market in a free fall

Yeah, he played a large part in that. I just mentioned that because he's one of those voices that people listen to when it comes to overall economic health, and when even he's saying it's ****ed, then it's probably ****ed. "Fundamentals of our economy are strong" my ***.

[Double Eights]

Re: Stock market in a free fall

Federal Reserve.

There's your answer for our past, current, and future economic problems.

[MassNole]

Re: Stock market in a free fall

I am thinking I am going to learn how to do bankruptcies. My partner does them whereas I handle criminal cases and family law cases.

[boomhauertjs]

Re: Stock market in a free fall

I forecast a thread lock coming soon.

[Stumbleweed]

Re: Stock market in a free fall

I am thinking I am going to learn how to do bankruptcies. My partner does them whereas I handle criminal cases and family law cases.

Hahaha, that reminds me of the segment the Colbert Report (I think.. or maybe Jon Stewart) did about the repo man who couldn't be happier about the Bush economy. He was gleefully stealing people's cars and talking about how he's really going to miss W. Not "funny ha-ha", but still pretty hilarious... Get in on it while you can!

[p_rushing]

Re: Stock market in a free fall

The fundamentals are fine. Its the companies that don't actually make/sell anything that are in trouble. When you continually borrow more money and your only real profits are on paper and not on anything tangible, i.e. no real cash coming your way, if the market/investments go south, you can lose a lot. They stretched themselves too far and now they are paying for it. Its what the free economy does, lets business fail when they are stupid and make the wrong decisions.

[SPTO]

Re: Stock market in a free fall

The fundamentals are fine. Its the companies that don't actually make/sell anything that are in trouble. When you continually borrow more money and your only real profits are on paper and not on anything tangible, i.e. no real cash coming your way, if the market/investments go south, you can lose a lot. They stretched themselves too far and now they are paying for it. Its what the free economy does, lets business fail when they are stupid and make the wrong decisions.

If that's the case then there are a ton of stupid business people running around

It doesn't help when some in the business world cook their books and backdate earnings and such.

corporate greed at its worst.

[callmetaternuts]

Re: Stock market in a free fall

I work in the financial industry at a big brokerage firm, and the buzz around this stuff is incredible. Truly a unique time (and not for good reasons)

[youvalss]

Re: Stock market in a free fall

The US got over this kind of a situation in the 1930's, and it will get over it again. Don't lose hope.

[Laettner32]

Re: Stock market in a free fall

Federal Reserve.

There's your answer for our past, current, and future economic problems.

Amen. Remember how JFK wanted us off the thing, and issued the Silver Certificates. The bankers weren't to fond of him for that, nope..they didn't like it at all.