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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Guess How low the Stock Market will Go?
Posted by:
Lurker.
()
Date: October 16, 2008 12:29AM
I'm going to predict it will bottom out around 6000
Edited 1 time(s). Last edit at 10/16/2008 12:30AM by Lurker..
Edited 1 time(s). Last edit at 10/16/2008 12:30AM by Lurker..
Re: Guess How low the Stock Market will Go?
Posted by:
Bob
()
Date: October 16, 2008 12:36AM
Lurker. Wrote:
-------------------------------------------------------
> I'm going to predict it will bottom out around
> 6000
Nah. It will oscillate up and down for the next 6 to 9 months, but will probably end up around 10,000, once all the shit derivatives and CDOs and other funky debt as asset instruments are shaken out of the market.
Unfortunately for us, that probably means a lot of our wealth will be shed during the down cycles, and we won't gain much back during the up cycles. The real winners will be the people who can afford to buy our stocks when we panic and sell them at lows, and can ride out the storm in order to profit enormously in 2 to 5 years.
-------------------------------------------------------
> I'm going to predict it will bottom out around
> 6000
Nah. It will oscillate up and down for the next 6 to 9 months, but will probably end up around 10,000, once all the shit derivatives and CDOs and other funky debt as asset instruments are shaken out of the market.
Unfortunately for us, that probably means a lot of our wealth will be shed during the down cycles, and we won't gain much back during the up cycles. The real winners will be the people who can afford to buy our stocks when we panic and sell them at lows, and can ride out the storm in order to profit enormously in 2 to 5 years.
Re: Guess How low the Stock Market will Go?
Posted by:
Alias
()
Date: October 16, 2008 03:16AM
\
Edited 1 time(s). Last edit at 02/25/2012 06:52PM by Alias.
Edited 1 time(s). Last edit at 02/25/2012 06:52PM by Alias.
Re: Guess How low the Stock Market will Go?
Posted by:
Alias
()
Date: October 16, 2008 03:23AM
\.
Edited 1 time(s). Last edit at 02/15/2012 01:29PM by Alias.
Edited 1 time(s). Last edit at 02/15/2012 01:29PM by Alias.
Re: Guess How low the Stock Market will Go?
Posted by:
Bob
()
Date: October 16, 2008 03:35AM
Alias Wrote:
-------------------------------------------------------
> Bob, your wealth?
>
> Just how wealthy are you? Will you have to forgo
> that new Italian car you had your sites on? Or,
> will you have to sell that villa in Acapulco?
I don't want to own a ferrari. I don't want to waste my money on $4,000 oil changes for the rest of my life. I've spent my entire adult life trying to figure out how to become financially independent. I'm almost there.
I am wealthy enough to not have to worry about this "current economic crisis", and I don't care which way the market goes.
Why would I begrudge the buyer who benefits from my panic? I won't. I'm the buyer benefiting from everyone else's panic. I bought my gold in 2003, and I am now the person buying bargains.
-------------------------------------------------------
> Bob, your wealth?
>
> Just how wealthy are you? Will you have to forgo
> that new Italian car you had your sites on? Or,
> will you have to sell that villa in Acapulco?
I don't want to own a ferrari. I don't want to waste my money on $4,000 oil changes for the rest of my life. I've spent my entire adult life trying to figure out how to become financially independent. I'm almost there.
I am wealthy enough to not have to worry about this "current economic crisis", and I don't care which way the market goes.
Why would I begrudge the buyer who benefits from my panic? I won't. I'm the buyer benefiting from everyone else's panic. I bought my gold in 2003, and I am now the person buying bargains.
Re: Guess How low the Stock Market will Go?
Posted by:
Alias
()
Date: October 16, 2008 04:12AM
.
Edited 1 time(s). Last edit at 02/15/2012 01:28PM by Alias.
Edited 1 time(s). Last edit at 02/15/2012 01:28PM by Alias.
Re: Guess How low the Stock Market will Go?
Posted by:
Bob
()
Date: October 16, 2008 04:25AM
Alias Wrote:
-------------------------------------------------------
> Bob.
>
> Ah, so you are the devil. You will benefit from
> this turmoil.
>
> *** Don't tell the average guy, who has drunk the
> drug of socialism.
Alias, you really have some fixation on drinking.
Say this with me "God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference".
You obviously have a drinking problem, and you are running around an online forum making accusations and trying to project your own problems onto others.
Call this number: (703) 876-6166 and ask for a "Where and When".
-------------------------------------------------------
> Bob.
>
> Ah, so you are the devil. You will benefit from
> this turmoil.
>
> *** Don't tell the average guy, who has drunk the
> drug of socialism.
Alias, you really have some fixation on drinking.
Say this with me "God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference".
You obviously have a drinking problem, and you are running around an online forum making accusations and trying to project your own problems onto others.
Call this number: (703) 876-6166 and ask for a "Where and When".
Re: Guess How low the Stock Market will Go?
Posted by:
Alias
()
Date: October 16, 2008 04:53AM
.
Edited 1 time(s). Last edit at 02/15/2012 01:28PM by Alias.
Edited 1 time(s). Last edit at 02/15/2012 01:28PM by Alias.
Re: Guess How low the Stock Market will Go?
Posted by:
Lurker.
()
Date: October 24, 2008 10:33AM
Are you sure you don't want any action on it dropping to 6000? Looks like today it will drop below 8000...
Re: Guess How low the Stock Market will Go?
Posted by:
WashingToneLocian
()
Date: October 24, 2008 10:53AM
I'm guessing the floor is 8,000. I think intra-day it will go below 8,000, but will rebound before the end of the day.
It has already lost about 40% of its value from the high. I think a lot of the recession talk is already factored in.
It has already lost about 40% of its value from the high. I think a lot of the recession talk is already factored in.
Re: Guess How low the Stock Market will Go?
Posted by:
Lurker.
()
Date: October 24, 2008 01:20PM
I think there will probably be a Friday sell off at the end of the day.
Re: Guess How low the Stock Market will Go?
Posted by:
BUY
()
Date: October 24, 2008 02:37PM
Great time to buy and you don't need tons of money to do it.
I'm loving the stock market right now. Buy! Buy! Buy! Then wait.
I'm loving the stock market right now. Buy! Buy! Buy! Then wait.
Re: Guess How low the Stock Market will Go?
Posted by:
Lurker..
()
Date: November 19, 2008 03:55PM
Do I hear 6000?
Re: Guess How low the Stock Market will Go?
Posted by:
WashingToneLocian
()
Date: November 19, 2008 04:10PM
Considering the plethora of bad news that came out today, I think the Dow held on to that 8,000 level pretty well. It closed a little below, but I wouldn't be surprised to see it climb back over tomorrow.
The trend, though, does appear to be downward and not sideways. I'll be interested to see what it does once the Big Three go under, as the Republicans wish. Republicans want to get rid of the UAW, so they will back the destruction of their support among Reagan Democrats in swing states like Ohio. Good luck with that.
The trend, though, does appear to be downward and not sideways. I'll be interested to see what it does once the Big Three go under, as the Republicans wish. Republicans want to get rid of the UAW, so they will back the destruction of their support among Reagan Democrats in swing states like Ohio. Good luck with that.
Re: Guess How low the Stock Market will Go?
Posted by:
Deaf Leper
()
Date: November 19, 2008 05:55PM
I'm calling it at 6,800 and it will approach this level at somepoint in the Q2 2009.
Unemployment is projected to be another 2% points higher nationally and double-digits in industrial areas such as Detroit. Once these these folks lose their jobs, emergency savings kicks in and will deplete after 6 months for most (as many do not have the discipline to save, unfortunately). Aside from this, there's a whole mess of 5-year ARMs that haven't reset yet and most will in late 2009.
In other news, there's a small chance that crime rates will increase in this time period! I sure wish Blackberry would come out with the Blackberry-TASER option.
Unemployment is projected to be another 2% points higher nationally and double-digits in industrial areas such as Detroit. Once these these folks lose their jobs, emergency savings kicks in and will deplete after 6 months for most (as many do not have the discipline to save, unfortunately). Aside from this, there's a whole mess of 5-year ARMs that haven't reset yet and most will in late 2009.
In other news, there's a small chance that crime rates will increase in this time period! I sure wish Blackberry would come out with the Blackberry-TASER option.
Re: Guess How low the Stock Market will Go?
Posted by:
Eastsider
()
Date: November 19, 2008 10:48PM
Sirius XM stock is now trading below 19 cents. I keep looking at that as an opportunity, but I give the company a 20% shot of going bankrupt. At the very least, they are probably going to announce a reverse stock split, and then there will be plenty more room to go down as they dilute the shares to payoff their massive debt.
Re: Guess How low the Stock Market will Go?
Posted by:
now
()
Date: November 19, 2008 11:00PM
It's a great time to buy stocks and just sit on them and you don't need a lot of money. Buy!!!!
Re: Guess How low the Stock Market will Go?
Posted by:
WashingToneLocian
()
Date: November 20, 2008 01:27PM
Eastsider Wrote:
-------------------------------------------------------
> Sirius XM stock is now trading below 19 cents. I
> keep looking at that as an opportunity, but I give
> the company a 20% shot of going bankrupt. At the
> very least, they are probably going to announce a
> reverse stock split, and then there will be plenty
> more room to go down as they dilute the shares to
> payoff their massive debt.
Sirius XM has a stupid business model. I have said that for quite a while but everyone seems to think the company is great. Satellites can run into the billions of dollars to launch and maintain. Plus, given the altitude they have to orbit to be useful, they have a shorter lifespan and will need to be replaced in the not-to-distant future.
There are cheaper, and ultimately better, alternatives on the horizon. HD radio, for one. And now you are seeing WiFi radio units for cars that can pick-up Internet radio stations.
Sirius XM is a dead-end. It is the 8-Track Tapes of the 2Ks. It won't be around five years from now.
-------------------------------------------------------
> Sirius XM stock is now trading below 19 cents. I
> keep looking at that as an opportunity, but I give
> the company a 20% shot of going bankrupt. At the
> very least, they are probably going to announce a
> reverse stock split, and then there will be plenty
> more room to go down as they dilute the shares to
> payoff their massive debt.
Sirius XM has a stupid business model. I have said that for quite a while but everyone seems to think the company is great. Satellites can run into the billions of dollars to launch and maintain. Plus, given the altitude they have to orbit to be useful, they have a shorter lifespan and will need to be replaced in the not-to-distant future.
There are cheaper, and ultimately better, alternatives on the horizon. HD radio, for one. And now you are seeing WiFi radio units for cars that can pick-up Internet radio stations.
Sirius XM is a dead-end. It is the 8-Track Tapes of the 2Ks. It won't be around five years from now.
Re: Guess How low the Stock Market will Go?
Posted by:
SBS
()
Date: November 20, 2008 02:10PM
WashingToneLocian Wrote:
-------------------------------------------------------
>>
> Sirius XM has a stupid business model. I have said
> that for quite a while but everyone seems to think
> the company is great. Satellites can run into the
> billions of dollars to launch and maintain. Plus,
> given the altitude they have to orbit to be
> useful, they have a shorter lifespan and will need
> to be replaced in the not-to-distant future.
>
> There are cheaper, and ultimately better,
> alternatives on the horizon. HD radio, for one.
> And now you are seeing WiFi radio units for cars
> that can pick-up Internet radio stations.
>
> Sirius XM is a dead-end. It is the 8-Track Tapes
> of the 2Ks. It won't be around five years from
> now.
What does the altitude at which a satellite orbits have to do with its lifespan?
-------------------------------------------------------
>>
> Sirius XM has a stupid business model. I have said
> that for quite a while but everyone seems to think
> the company is great. Satellites can run into the
> billions of dollars to launch and maintain. Plus,
> given the altitude they have to orbit to be
> useful, they have a shorter lifespan and will need
> to be replaced in the not-to-distant future.
>
> There are cheaper, and ultimately better,
> alternatives on the horizon. HD radio, for one.
> And now you are seeing WiFi radio units for cars
> that can pick-up Internet radio stations.
>
> Sirius XM is a dead-end. It is the 8-Track Tapes
> of the 2Ks. It won't be around five years from
> now.
What does the altitude at which a satellite orbits have to do with its lifespan?
Re: Guess How low the Stock Market will Go?
Posted by:
WashingToneLocian
()
Date: November 20, 2008 03:03PM
SBS Wrote:
-------------------------------------------------------
>
> What does the altitude at which a satellite orbits
> have to do with its lifespan?
All satellites re-enter the atmosphere eventually. The Sirius and XM satellites are in low orbit in order to be accessible to the car satellite receivers. Any higher and the system simply wouldn't work. Because the satellites are in low orbit, they will be re-entering the atmosphere faster than, say, a weather satellite, which is in Geosynchronous orbit at a higher altitude.
-------------------------------------------------------
>
> What does the altitude at which a satellite orbits
> have to do with its lifespan?
All satellites re-enter the atmosphere eventually. The Sirius and XM satellites are in low orbit in order to be accessible to the car satellite receivers. Any higher and the system simply wouldn't work. Because the satellites are in low orbit, they will be re-entering the atmosphere faster than, say, a weather satellite, which is in Geosynchronous orbit at a higher altitude.
Re: Guess How low the Stock Market will Go?
Posted by:
SBS
()
Date: November 21, 2008 10:46AM
WashingToneLocian Wrote:
-------------------------------------------------------
>
> All satellites re-enter the atmosphere eventually.
> The Sirius and XM satellites are in low orbit in
> order to be accessible to the car satellite
> receivers. Any higher and the system simply
> wouldn't work. Because the satellites are in low
> orbit, they will be re-entering the atmosphere
> faster than, say, a weather satellite, which is in
> Geosynchronous orbit at a higher altitude.
Completely incorrect. XM's satellites (4 of them, 2 are back-ups) are in fact in geosynchronous orbit. Sirius's satellites (3 of them) orbit at a variable altitude, which at its maximum is higher than a geostationary orbit. Sirius's satellites were originally expected to have a lifespan of 15 years. That estimate has since been reduced slightly to 13 years.
-------------------------------------------------------
>
> All satellites re-enter the atmosphere eventually.
> The Sirius and XM satellites are in low orbit in
> order to be accessible to the car satellite
> receivers. Any higher and the system simply
> wouldn't work. Because the satellites are in low
> orbit, they will be re-entering the atmosphere
> faster than, say, a weather satellite, which is in
> Geosynchronous orbit at a higher altitude.
Completely incorrect. XM's satellites (4 of them, 2 are back-ups) are in fact in geosynchronous orbit. Sirius's satellites (3 of them) orbit at a variable altitude, which at its maximum is higher than a geostationary orbit. Sirius's satellites were originally expected to have a lifespan of 15 years. That estimate has since been reduced slightly to 13 years.
Re: Guess How low the Stock Market will Go?
Posted by:
WashingToneLocian
()
Date: November 21, 2008 01:09PM
SBS Wrote:
-------------------------------------------------------
> WashingToneLocian Wrote:
> --------------------------------------------------
> -----
> >
> > All satellites re-enter the atmosphere
> eventually.
> > The Sirius and XM satellites are in low orbit
> in
> > order to be accessible to the car satellite
> > receivers. Any higher and the system simply
> > wouldn't work. Because the satellites are in
> low
> > orbit, they will be re-entering the atmosphere
> > faster than, say, a weather satellite, which is
> in
> > Geosynchronous orbit at a higher altitude.
>
> Completely incorrect. XM's satellites (4 of them,
> 2 are back-ups) are in fact in geosynchronous
> orbit. Sirius's satellites (3 of them) orbit at a
> variable altitude, which at its maximum is higher
> than a geostationary orbit. Sirius's satellites
> were originally expected to have a lifespan of 15
> years. That estimate has since been reduced
> slightly to 13 years.
I stand corrected. I used to work with imaging satellites and it is common to have more than one to fully map the Earth in a 24-hour period. I assumed that multiple satellites would have meant that they weren't geosynchronous. You know what they say about assuming...
-------------------------------------------------------
> WashingToneLocian Wrote:
> --------------------------------------------------
> -----
> >
> > All satellites re-enter the atmosphere
> eventually.
> > The Sirius and XM satellites are in low orbit
> in
> > order to be accessible to the car satellite
> > receivers. Any higher and the system simply
> > wouldn't work. Because the satellites are in
> low
> > orbit, they will be re-entering the atmosphere
> > faster than, say, a weather satellite, which is
> in
> > Geosynchronous orbit at a higher altitude.
>
> Completely incorrect. XM's satellites (4 of them,
> 2 are back-ups) are in fact in geosynchronous
> orbit. Sirius's satellites (3 of them) orbit at a
> variable altitude, which at its maximum is higher
> than a geostationary orbit. Sirius's satellites
> were originally expected to have a lifespan of 15
> years. That estimate has since been reduced
> slightly to 13 years.
I stand corrected. I used to work with imaging satellites and it is common to have more than one to fully map the Earth in a 24-hour period. I assumed that multiple satellites would have meant that they weren't geosynchronous. You know what they say about assuming...
Re: Guess How low the Stock Market will Go?
Posted by:
Alias
()
Date: November 22, 2008 02:31AM
]
Edited 1 time(s). Last edit at 02/16/2012 02:50PM by Alias.
Edited 1 time(s). Last edit at 02/16/2012 02:50PM by Alias.
Re: Guess How low the Stock Market will Go?
Posted by:
Lurker...
()
Date: March 02, 2009 12:31PM
Lurker.. Wrote:
-------------------------------------------------------
> Do I hear 6000?
Do I hear 5000?
-------------------------------------------------------
> Do I hear 6000?
Do I hear 5000?
Re: Guess How low the Stock Market will Go?
Posted by:
Professor Pangloss
()
Date: March 02, 2009 03:49PM
I'm going to guess that it finally bottoms out in the 4000s.
Re: Guess How low the Stock Market will Go?
Posted by:
WashingTone Locian
()
Date: March 02, 2009 03:57PM
Well, if we are repeating what happened in 1929, the bottom could be around 1,500.
Re: Guess How low the Stock Market will Go?
Posted by:
Mofo
()
Date: March 02, 2009 04:26PM
I have a friend with a Phd that works for a major 3 letter intelligence agency. He is normally very rational, however lately he wants to spend thousands on gold and bury it in his back yard.
He tells me if I saw the shit he does behind closed doors re terrorism and the economy I'd be doing the same.
He tells me if I saw the shit he does behind closed doors re terrorism and the economy I'd be doing the same.
Re: Guess How low the Stock Market will Go?
Posted by:
trogdor!
()
Date: March 02, 2009 05:16PM
Lurker. Wrote:
-------------------------------------------------------
> I'm going to predict it will bottom out around
> 6000
I'll say 5250
-------------------------------------------------------
> I'm going to predict it will bottom out around
> 6000
I'll say 5250
Re: Guess How low the Stock Market will Go?
Posted by:
pgens
()
Date: March 02, 2009 05:59PM
Deaf Leper Wrote:
-------------------------------------------------------
> I'm calling it at 6,800 and it will approach this
> level at somepoint in the Q2 2009.
So far this one is the closest.
-------------------------------------------------------
> I'm calling it at 6,800 and it will approach this
> level at somepoint in the Q2 2009.
So far this one is the closest.
Re: Guess How low the Stock Market will Go?
Posted by:
dono
()
Date: March 03, 2009 03:41PM
Mofo Wrote:
-------------------------------------------------------
> I have a friend with a Phd that works for a major
> 3 letter intelligence agency. He is normally very
> rational, however lately he wants to spend
> thousands on gold and bury it in his back yard$$.
>
> He tells me if I saw the shit he does behind
> closed doors re terrorism and the economy I'd be
> doing the same.
Just curious, what is his address?
Edited 1 time(s). Last edit at 03/03/2009 03:42PM by dono.
-------------------------------------------------------
> I have a friend with a Phd that works for a major
> 3 letter intelligence agency. He is normally very
> rational, however lately he wants to spend
> thousands on gold and bury it in his back yard$$.
>
> He tells me if I saw the shit he does behind
> closed doors re terrorism and the economy I'd be
> doing the same.
Just curious, what is his address?
Edited 1 time(s). Last edit at 03/03/2009 03:42PM by dono.
Re: Guess How low the Stock Market will Go?
Posted by:
The BunnyMan
()
Date: March 03, 2009 05:55PM
Can we start a pool on this? This could get better than March Madness! high low who can beat the spread?
Re: Guess How low the Stock Market will Go?
Posted by:
HIJACKER
()
Date: March 03, 2009 06:35PM
WashingTone Locian Wrote:
-------------------------------------------------------
> Well, if we are repeating what happened in 1929,
> the bottom could be around 1,500.
How about 0? We could go bankrupt like the Soviet Union, and then Al Queda will have met their objective, destroy the American Financial System...
-------------------------------------------------------
> Well, if we are repeating what happened in 1929,
> the bottom could be around 1,500.
How about 0? We could go bankrupt like the Soviet Union, and then Al Queda will have met their objective, destroy the American Financial System...
Re: Guess How low the Stock Market will Go?
Posted by:
trogdor!
()
Date: March 03, 2009 07:24PM
dono Wrote:
> > He tells me if I saw the shit he does behind
> > closed doors re terrorism and the economy I'd
> be
> > doing the same.
Seriously, anyone paying attention should realize we're in deep shit.
> > He tells me if I saw the shit he does behind
> > closed doors re terrorism and the economy I'd
> be
> > doing the same.
Seriously, anyone paying attention should realize we're in deep shit.
Re: Guess How low the Stock Market will Go?
Posted by:
dono
()
Date: March 03, 2009 08:02PM
we have been in the shit for quite some time my friend. Its only when peps have trouble buying their 50" plasma screens they give a shit. We have lost over 4000 soldiers in Iraq and nearing another 2000 in Afaganastan-bannana-stand. Anyone freaking over that? nope.
You see part of the payback here is that we were asked to sacrifice nothing - nada, for our wars. Well folks they are not free. In fact they are very expensive. We cannot cut taxes and wage two wars no matter how gay you are for Ronald McDonald Regan. Math is math okay. Sorry.
Now everyone whom railed against fiscal conservatives for the last 8 years is crying a river because the opposition to the fake-conservatives - the Dems are going to use the government to try and solve some problems. It is too late for a real debate because those plasma screens, whether purchased with welfare on the poverty end or on the Executive end are starting to be at risk.
You see part of the payback here is that we were asked to sacrifice nothing - nada, for our wars. Well folks they are not free. In fact they are very expensive. We cannot cut taxes and wage two wars no matter how gay you are for Ronald McDonald Regan. Math is math okay. Sorry.
Now everyone whom railed against fiscal conservatives for the last 8 years is crying a river because the opposition to the fake-conservatives - the Dems are going to use the government to try and solve some problems. It is too late for a real debate because those plasma screens, whether purchased with welfare on the poverty end or on the Executive end are starting to be at risk.
Re: Guess How low the Stock Market will Go?
Posted by:
trogdor!
()
Date: March 03, 2009 08:13PM
dono Wrote:
-------------------------------------------------------
> we have been in the shit for quite some time my
> friend. Its only when peps have trouble buying
> their 50" plasma screens they give a shit. We
> have lost over 4000 soldiers in Iraq and nearing
> another 2000 in Afaganastan-bannana-stand. Anyone
> freaking over that? nope.
Agreed.
-------------------------------------------------------
> we have been in the shit for quite some time my
> friend. Its only when peps have trouble buying
> their 50" plasma screens they give a shit. We
> have lost over 4000 soldiers in Iraq and nearing
> another 2000 in Afaganastan-bannana-stand. Anyone
> freaking over that? nope.
Agreed.
Re: Guess How low the Stock Market will Go?
Posted by:
boredom
()
Date: March 04, 2009 07:41AM
dono Wrote:
-------------------------------------------------------
> we have been in the shit for quite some time my
> friend. Its only when peps have trouble buying
> their 50" plasma screens they give a shit. We
> have lost over 4000 soldiers in Iraq and nearing
> another 2000 in Afaganastan-bannana-stand. Anyone
> freaking over that? nope.
Read your history. War vitalizes economies, it doesn't destroy them. This current financial situation is not the result of a war. It is the result of home loans and very shady lending practices by banks. The cause isn't a hard one to identify, there have only been 39348298234384849392 news articles on it already.
The deficit is the result of the war, but the deficit isn't why the market crashed.
-------------------------------------------------------
> we have been in the shit for quite some time my
> friend. Its only when peps have trouble buying
> their 50" plasma screens they give a shit. We
> have lost over 4000 soldiers in Iraq and nearing
> another 2000 in Afaganastan-bannana-stand. Anyone
> freaking over that? nope.
Read your history. War vitalizes economies, it doesn't destroy them. This current financial situation is not the result of a war. It is the result of home loans and very shady lending practices by banks. The cause isn't a hard one to identify, there have only been 39348298234384849392 news articles on it already.
The deficit is the result of the war, but the deficit isn't why the market crashed.
Re: Guess How low the Stock Market will Go?
Posted by:
boredom
()
Date: March 04, 2009 07:53AM
As for how long it'll go, I'm guessing somewhere in the mid to upper 5000s. The biggest problem we have now is that people keep dumping stocks every time some new financial analyst opens their mouth with portents of doom. When a government bailout plan isn't immediately effective, they pull out their money. When AIG reports it's god awful earnings reports, which was *not* a surprise, people pull out their money.
The stock market is nothing but a large gambling ring. When confidence is up, people buy. When confidence is down, people sell and then don't rebuy.
If it were just a stock market issue, things wouldn't be anywhere near this bad. It's a double punch of stock market losses and difficulty getting loans which causes depreciation of other prices.
The stock market is nothing but a large gambling ring. When confidence is up, people buy. When confidence is down, people sell and then don't rebuy.
If it were just a stock market issue, things wouldn't be anywhere near this bad. It's a double punch of stock market losses and difficulty getting loans which causes depreciation of other prices.
Re: Guess How low the Stock Market will Go?
Posted by:
tension
()
Date: March 04, 2009 08:00AM
boredom Wrote:
-------------------------------------------------------
> As for how long it'll go, I'm guessing somewhere
> in the mid to upper 5000s. The biggest problem we
> have now is that people keep dumping stocks every
> time some new financial analyst opens their mouth
> with portents of doom. When a government bailout
> plan isn't immediately effective, they pull out
> their money. When AIG reports it's god awful
> earnings reports, which was *not* a surprise,
> people pull out their money.
>
> The stock market is nothing but a large gambling
> ring. When confidence is up, people buy. When
> confidence is down, people sell and then don't
> rebuy.
>
> If it were just a stock market issue, things
> wouldn't be anywhere near this bad. It's a double
> punch of stock market losses and difficulty
> getting loans which causes depreciation of other
> prices.
I say the faster we capitulate the faster we recover. Let them sell; better for us that invest.
-------------------------------------------------------
> As for how long it'll go, I'm guessing somewhere
> in the mid to upper 5000s. The biggest problem we
> have now is that people keep dumping stocks every
> time some new financial analyst opens their mouth
> with portents of doom. When a government bailout
> plan isn't immediately effective, they pull out
> their money. When AIG reports it's god awful
> earnings reports, which was *not* a surprise,
> people pull out their money.
>
> The stock market is nothing but a large gambling
> ring. When confidence is up, people buy. When
> confidence is down, people sell and then don't
> rebuy.
>
> If it were just a stock market issue, things
> wouldn't be anywhere near this bad. It's a double
> punch of stock market losses and difficulty
> getting loans which causes depreciation of other
> prices.
I say the faster we capitulate the faster we recover. Let them sell; better for us that invest.
Re: Guess How low the Stock Market will Go?
Posted by:
WTL is a retard
()
Date: March 04, 2009 01:08PM
HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!
Re: Guess How low the Stock Market will Go?
Posted by:
WashingTone Locian
()
Date: March 04, 2009 01:16PM
Republicans...Bush is office nine months when 9/11, the largest terrorist attack ever on American soil, happens. Not Bush's fault. Barack Obama is in office five weeks and the stock market, reeling from an economic crisis created by Bush's failed policies, is down. Obama's fault.
Now I understand why you people consider Rush Limbaugh to be your leader.
Now I understand why you people consider Rush Limbaugh to be your leader.
Re: Guess How low the Stock Market will Go?
Posted by:
WTL is a retard
()
Date: March 04, 2009 01:23PM
WashingToneLocian Wrote:
-------------------------------------------------------
> I'm guessing the floor is 8,000. I think intra-day
> it will go below 8,000, but will rebound before
> the end of the day.
>
> It has already lost about 40% of its value from
> the high. I think a lot of the recession talk is
> already factored in.
HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!
-------------------------------------------------------
> I'm guessing the floor is 8,000. I think intra-day
> it will go below 8,000, but will rebound before
> the end of the day.
>
> It has already lost about 40% of its value from
> the high. I think a lot of the recession talk is
> already factored in.
HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!
Re: Guess How low the Stock Market will Go?
Posted by:
WashingTone Locian
()
Date: March 04, 2009 01:32PM
WTL is a retard Wrote:
-------------------------------------------------------
> WashingToneLocian Wrote:
> --------------------------------------------------
> -----
> > I'm guessing the floor is 8,000. I think
> intra-day
> > it will go below 8,000, but will rebound before
> > the end of the day.
> >
> > It has already lost about 40% of its value from
> > the high. I think a lot of the recession talk
> is
> > already factored in.
>
> HA ahahaha hahahahahaha HAHAHAHA hahahaha
> !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA
> hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha
> HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha
> hahahahahaha HAHAHAHA hahahaha
> !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA
> hahahaha !!!!!!!!!!!!!!!!!!
As I said, I was guessing. I also said is subsequent posts that it was possible 8,000 wouldn't hold.
-------------------------------------------------------
> WashingToneLocian Wrote:
> --------------------------------------------------
> -----
> > I'm guessing the floor is 8,000. I think
> intra-day
> > it will go below 8,000, but will rebound before
> > the end of the day.
> >
> > It has already lost about 40% of its value from
> > the high. I think a lot of the recession talk
> is
> > already factored in.
>
> HA ahahaha hahahahahaha HAHAHAHA hahahaha
> !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA
> hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha
> HAHAHAHA hahahaha !!!!!!!!!!!!!!!!!!HA ahahaha
> hahahahahaha HAHAHAHA hahahaha
> !!!!!!!!!!!!!!!!!!HA ahahaha hahahahahaha HAHAHAHA
> hahahaha !!!!!!!!!!!!!!!!!!
As I said, I was guessing. I also said is subsequent posts that it was possible 8,000 wouldn't hold.
Re: Guess How low the Stock Market will Go?
Posted by:
dono
()
Date: March 04, 2009 07:30PM
I am guessing we are seriously fucked. I am fucking renting my backyard sheds out to some people that dont mind working 18 hours a day for me and have small fingers...
Re: Guess How low the Stock Market will Go?
Posted by:
ferfux
()
Date: March 04, 2009 07:34PM
I wouldnt worry too much. Too many Rich people have too much invested in the stock market to let it stay down for too long. They will find some artificial way to prop the markets back up or some bail out to stimulate the market before too long. The same way Gas prices are being kept from completely tanking at 1.80 something even though it COULD go lower but the oil/gas companies are holding of refining gasoline at the refineries so even though oil is at $40 bucks the spiget is slowed down at the refineries to make this flood of oil into gas.
Re: Guess How low the Stock Market will Go?
Posted by:
Jester
()
Date: March 05, 2009 04:19PM
Nutz down another 281 today. 5000 might not be far away. Bush administration let bankers run wild! No FED control wrecked our economy! To much unchecked greed!
Re: Guess How low the Stock Market will Go?
Posted by:
dono
()
Date: March 05, 2009 08:16PM
If you have not purchased guns and ammo by now you are just stupid
Re: Guess How low the Stock Market will Go?
Posted by:
dono
()
Date: March 05, 2009 08:18PM
ferfux Wrote:
-------------------------------------------------------
> I wouldnt worry too much. Too many Rich people
> have too much invested in the stock market to let
> it stay down for too long. They will find some
> artificial way to prop the markets back up or some
> bail out to stimulate the market before too long.
> The same way Gas prices are being kept from
> completely tanking at 1.80 something even though
> it COULD go lower but the oil/gas companies are
> holding of refining gasoline at the refineries so
> even though oil is at $40 bucks the spiget is
> slowed down at the refineries to make this flood
> of oil into gas.
Totally different dynamic than controlled commodities - this is speculative stock valuation and it is very fragile. Once a systemic run occurs it is like the China Syndrome - we will hit rock bottom in a matter of a week or two. Stay tuned, personally, I think it is unavoidable...
My prediction is 3,100 in 6 months
-------------------------------------------------------
> I wouldnt worry too much. Too many Rich people
> have too much invested in the stock market to let
> it stay down for too long. They will find some
> artificial way to prop the markets back up or some
> bail out to stimulate the market before too long.
> The same way Gas prices are being kept from
> completely tanking at 1.80 something even though
> it COULD go lower but the oil/gas companies are
> holding of refining gasoline at the refineries so
> even though oil is at $40 bucks the spiget is
> slowed down at the refineries to make this flood
> of oil into gas.
Totally different dynamic than controlled commodities - this is speculative stock valuation and it is very fragile. Once a systemic run occurs it is like the China Syndrome - we will hit rock bottom in a matter of a week or two. Stay tuned, personally, I think it is unavoidable...
My prediction is 3,100 in 6 months
Re: Guess How low the Stock Market will Go?
Posted by:
boredom
()
Date: March 06, 2009 09:24AM
3,100 in 6 months? Not a chance. We won't fall under 5k because doing so would be fatal to this economy. It won't happen.
Re: Guess How low the Stock Market will Go?
Posted by:
hop
()
Date: March 06, 2009 12:32PM
Prediction = 4000 - as more blue chips like GE make their way to gov bailout = worthless stocks, the indexes will get dragged down with them.... the commercial real estate bubble is only starting to pop and when it does it will be ugly..... and this will hasten the default on commercial paper held by the banks, insurance, private equity
Re: Guess How low the Stock Market will Go?
Posted by:
four years later
()
Date: February 17, 2013 07:57PM
hop Wrote:
-------------------------------------------------------
> Prediction = 4000 - as more blue chips like GE
> make their way to gov bailout = worthless stocks,
> the indexes will get dragged down with them....
> the commercial real estate bubble is only starting
> to pop and when it does it will be ugly..... and
> this will hasten the default on commercial paper
> held by the banks, insurance, private equity
I never sold and I kept buying index funds (about 500 bucks a month) through it all. Now I am rolling in cash. The big question now is should I cash out of the market now? I already pulled out enough to pay off my house if need be.
-------------------------------------------------------
> Prediction = 4000 - as more blue chips like GE
> make their way to gov bailout = worthless stocks,
> the indexes will get dragged down with them....
> the commercial real estate bubble is only starting
> to pop and when it does it will be ugly..... and
> this will hasten the default on commercial paper
> held by the banks, insurance, private equity
I never sold and I kept buying index funds (about 500 bucks a month) through it all. Now I am rolling in cash. The big question now is should I cash out of the market now? I already pulled out enough to pay off my house if need be.
Re: Guess How low the Stock Market will Go?
Posted by:
Ccn9w
()
Date: February 17, 2013 10:55PM
four years later Wrote:
-------------------------------------------------------
> hop Wrote:
> --------------------------------------------------
> -----
> > Prediction = 4000 - as more blue chips like GE
> > make their way to gov bailout = worthless
> stocks,
> > the indexes will get dragged down with them....
> > the commercial real estate bubble is only
> starting
> > to pop and when it does it will be ugly.....
> and
> > this will hasten the default on commercial
> paper
> > held by the banks, insurance, private equity
>
>
> I never sold and I kept buying index funds (about
> 500 bucks a month) through it all. Now I am
> rolling in cash. The big question now is should I
> cash out of the market now? I already pulled out
> enough to pay off my house if need be.
but did you lose your job? i lost mine in march 2009.
-------------------------------------------------------
> hop Wrote:
> --------------------------------------------------
> -----
> > Prediction = 4000 - as more blue chips like GE
> > make their way to gov bailout = worthless
> stocks,
> > the indexes will get dragged down with them....
> > the commercial real estate bubble is only
> starting
> > to pop and when it does it will be ugly.....
> and
> > this will hasten the default on commercial
> paper
> > held by the banks, insurance, private equity
>
>
> I never sold and I kept buying index funds (about
> 500 bucks a month) through it all. Now I am
> rolling in cash. The big question now is should I
> cash out of the market now? I already pulled out
> enough to pay off my house if need be.
but did you lose your job? i lost mine in march 2009.
Re: Guess How low the Stock Market will Go?
Posted by:
four years later
()
Date: February 18, 2013 03:19PM
Ccn9w Wrote:
-------------------------------------------------------
> four years later Wrote:
> --------------------------------------------------
> -----
> > hop Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Prediction = 4000 - as more blue chips like
> GE
> > > make their way to gov bailout = worthless
> > stocks,
> > > the indexes will get dragged down with
> them....
> > > the commercial real estate bubble is only
> > starting
> > > to pop and when it does it will be ugly.....
> > and
> > > this will hasten the default on commercial
> > paper
> > > held by the banks, insurance, private equity
> >
> >
> > I never sold and I kept buying index funds
> (about
> > 500 bucks a month) through it all. Now I am
> > rolling in cash. The big question now is should
> I
> > cash out of the market now? I already pulled
> out
> > enough to pay off my house if need be.
>
>
> but did you lose your job? i lost mine in march
> 2009.
How can anyone possibly be unemployed in NOVA? I changed jobs in 2010 to get better pay and benefits.
-------------------------------------------------------
> four years later Wrote:
> --------------------------------------------------
> -----
> > hop Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Prediction = 4000 - as more blue chips like
> GE
> > > make their way to gov bailout = worthless
> > stocks,
> > > the indexes will get dragged down with
> them....
> > > the commercial real estate bubble is only
> > starting
> > > to pop and when it does it will be ugly.....
> > and
> > > this will hasten the default on commercial
> > paper
> > > held by the banks, insurance, private equity
> >
> >
> > I never sold and I kept buying index funds
> (about
> > 500 bucks a month) through it all. Now I am
> > rolling in cash. The big question now is should
> I
> > cash out of the market now? I already pulled
> out
> > enough to pay off my house if need be.
>
>
> but did you lose your job? i lost mine in march
> 2009.
How can anyone possibly be unemployed in NOVA? I changed jobs in 2010 to get better pay and benefits.
Re: Guess How low the Stock Market will Go?
Posted by:
payday
()
Date: February 18, 2013 03:48PM
i changed jobs in sept 2010 to get better pay and benefits.