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i heard that other countries saw our govt bailout and are now demanding the same, which is causing their markets to fall like ours did… so i wonder if this new fall in ours today you’re talking about is related to their drops… crazy! we may have to go back to saving money in mattresses! jk of course but sheesh…
This is bad, I’m not gonna say it’s not. But honestly unless you are a day trader by profession or are planning on retiring or needing those funds within the next 2 years or so, this too will pass.
Also, I hope from this that people start to remember and realize that Wall Street is not the economy and vice versa. The economy has been shitty for a while now but because people with a lot of money in stocks were still doing o.k. the focus on bad employment numbers, GDP, the trade deficit, the fed deficit, the devaluation of the dollar, etc. were less of a focus. I don’t know that we can ever turn back the clock fully on that, but if we can at least ATTEMPT to separate out the two a little more. But you can have a good economy and a stable but not runaway train like stock market.
I just talked to my mom and while she is still about 10 years from retiring, she’s not very happy about her 401K losing $20,000 in September.
-752 and falling. Jesus.
Yeah, but the fundamentals are on the very bottom of the stock market. And those fundamentals are strong!
Really, this is fascinating to watch. Like a train wreck.
Except you’re riding the train.
Evan, hahahahahahaha.
I don’t know if I"m just late to seeing this, but it rules either way.
http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true&pli=1
I got that Google doc as an email forward twice now – it totally rocks!
And the thing is, it’s as accurate as the textbooks…
Yeah, but wouldn’t it have been even better if you had gotten the “C’mon Ride The Train” video twice instead?
I still have no idea what it is that those guys on the trading floor do or how anyone makes sense of whatever chaos is ensuing there. I’m not sure I want to know.
Thank you Christina for making me laugh out loud in my office which I’ve nicknamed “The Graveyard” for its absence of noise. At least I’m upholding that fancy nicknamed they have for me: Weird girl in the corner that laughs at her computer. Seriously, such great captions, though.
John! On that link Christina posted, they mention the Dan Aykroyd plan!
Christina, this link is outfuckingstanding.
’NIKKEI PLEASE! WHAT WHAT?"
hahahahhahahahha!
And yeah, I totally lost it at the Trading Places joke.
haha yes the trading places one is great. they are being updated by the minute! i can’t get enough of this. why didn’t one of us think of this first?
So should we start buying stock now, in preparation for the bounce back?
Paris said:So should we start buying stock now, in preparation for the bounce back?
I’d say this is probably true for anyone who has cash on hand that they won’t need over the next year or so. The market is going to be up and down for the foreseeable future probably, but I think in the long run if someone has cash to buy at what are in a lot of cases 52 week lows (if not lower) then in the long run they’ll make some bucks. Of course, I’m not sure there are that many people at this point who fall into that category.