What is Digg?68 Comments
- inactive, on 10/10/2008, -1/+25The Japanese Nikkei index fell 10 percent yesterday and 25 percent in the last week. General Motors is at a lower share value than in 1950 in non-adjusted dollar amount. There is not a car wreck, train wreck, or even a plane wreck in the middle of our credit market. There has been a nuclear bomb let off in our credit market.
We have not hit bottom yet folks, not close. There is not one government or governments that could take any action in the short term that will douse this fire. We are watching human instincts play out on what is supposed to be a deep recession/depression proof world economy and it is becoming very interesting.
"We have nothing to fear but fear itself."
This quote is more relevant today, this very day, than at any time since FDR uttered these famous words. - clip9, on 10/11/2008, -3/+20Nobody knows where to bottom is. Not the poster, not cnbc, not warren buffet. You may think that you know, But your only fooling yourself. For all we know Friday could have been the bottom, and DOW Jones could hit ATH in a few months. You just can't predict the marked.
And why is the title and description of this post completely different form the article itself? The Article says that there was a possible washout. - shaka999, on 10/11/2008, -4/+21No doubt. Here are the steps
1) Watch video on YouTube about the Fed
2) Become rapid RP supporter
3) Come on Digg and act as if you know more than economists you've studied this crap their whole lives. - inactive, on 10/11/2008, -8/+20The market hit a bottom on Friday and will now trade in a tight range, a holding pattern betwen 8000 and 8500.
The American economy has now been reset to 2003. Homes are now affordable and peopel will be forced to live within their means.
Perhaps we will actually start accumulating real capital in this country and eliminate the debt based economy.
Capitalism is what made this country great, capitalism only works when their is capital to work with and if American's save their money, we will all be able to pool our money together and build strong businesses and institutions.
What we have seen, especially in the past 5 years can be called "Creditalism" - ColonelJessup, on 10/11/2008, -5/+17Here we go again with the digg.com Wall Street/investing/finance/economic professors..................................
- juneau, on 10/11/2008, -2/+12I can't help but wonder what the market would really be at if the MSM weren't working everyone up into a panic for the sake of ratings.
***** this shameless fear mongering everywhere you look on even the most benign subject. How much of the trillions lost these past two weeks was due to no other reason than 'the news' shouting the words 'great depression' over and over and sell, sell, sell? What the banks did is disgusting, no doubt, but vaporizing additional trillions of dollars from accounts across the world so the ***** news networks gets some good traffic is unfathomably evil.
We got triple-dipped ***** -- by the banks, by the bailouts, by the media -- on this one guys. - gottobekind, on 10/11/2008, -2/+12Sadly enough the markets to have a bottom, but that only comes when the government quits trying to prop up a failing system. It's been said a million times! The longer we elongate this, the larger the "bubble" grows the more devastating the end result. Free Markets are meant to control themselves, and until we allow the market to CORRECT ITSELF, we will never see the bottom. However, the government and the fed choose to fearmonger us into believe that we have to throw all this money at it to fix it! This is absolutely ludicrous. We have to let these failing companies do just what they're doing and FAIL. They must crumble, housing prices MUST drop, otherwise this quadrillion dollar housing derivative bubble will eat us alive. It's nice to see the general public catching on to this, but that truly makes for the funniest part of it all! Washington keeps saying we just don't "get it". I would say we GET IT much more clearly than they do. Instead of running scared and shooting in the dark. We need to let the market settle and QUIT PRINTING THIS MONEY OUT OF THIN AIR!!!!!! If they have they're way, the dollar will be valueless. I.E. The dollar has been cut in half of it's original value in a matter of fifty years. We are en route to sever the greenbacks head completely in a matter of weeks. But hey what do we know? we're just the dumb ole' Joe six-pack..... /sarcasm. Quit standing by and let Washington know that this absolutely UNACCEPTABLE!!!! Thx for your time.
- brad3378, on 10/11/2008, -0/+9To be honest, I'm not too afraid (in the long run). In the short run, I admit I'm running on fear just like many others.
Right now everybody is in a panic. The markets are swinging rapidly - though mostly downward. The rules keep changing (like the recent ban on short selling financials, who's getting bailed out, etc). Many people are attempting to predict the bottom before putting their cash back into the market.
I read somewhere that roughly 50% of investors are holding, 25% are Bulls buying more, and 25% are Bears selling off. Of course, I don't think these numbers take the big institutions or foreign investors into account, but you get the general idea even if the numbers are off.
It's my personal belief that once the Bears' money is purged from the market things will stabilize enough to convince investors to quickly put their money back in the market to avoid missing a potential rally. Of course I could be totally wrong - like I have been for the past 2-3 months as my money evaporated, but I have faith that the market will at least partially swing back. I'm not going to attempt to make any short term predictions, but in the long run I believe we should be ok. - juneau, on 10/11/2008, -1/+9LOL, really? So, 'buy low' is a conspiracy now?
You're as welcome as anyone else to go buy the same dirt-cheap stocks they will be. - inactive, on 10/11/2008, -16/+21It all started with Federal Reserve established. It is private corporation. It is designed to ***** you up for the most amount possible.
- choochee, on 10/11/2008, -1/+6Credit Default Swap.
- whorunbartertwn, on 10/11/2008, -4/+9This started in 1913? You mean the century where the United States dominated the world finance scene while it's citizens enjoyed a huge increase in standard of living in one of the most stable economic environments in the world?
- Thud, on 10/11/2008, -1/+6Wow, I didn't know that stocks are only for rich people. I love Digg, I learn something new every day.
- inactive, on 10/11/2008, -0/+4yup
- inactive, on 10/11/2008, -0/+4I certainly hope we do go back to 2001 levels. Would that be the peak of 2001 at 11k or the bottom at 9k?
- mahadiga, on 10/11/2008, -1/+5Current Share Price of the Company = 5 x Book value Per Share of the Company.
Current Market Capitalization of the Company = 10 x Quarterly Revenue/Sales of the Company.
Anything beyond is either irrational or manipulation. - dadioflex, on 10/11/2008, -1/+5Blah blah blah.
The rich people with hyphens and money will buy up cheap stocks and the rest of us will fight for our jobs.
Rinse and repeat.
Ten years before I want to retire, experts will warn me that now is not a good time to cash out equities.
Ten years after that, "experts" will be drinking champagne flowing from the naked bellies of whores I can't even get a hi-how-are-you from now.
Ten years after that I hope the brain disease will make me too stupid to care. - inactive, on 10/11/2008, -1/+5fractional reserve banking
(+ derivatives) - babblefrog, on 10/11/2008, -0/+4Or maybe 1996 levels, when greenspan first talked about "irrational exuberance".
- brandita, on 10/11/2008, -0/+4Somebody hold me.
- evilgourmet, on 10/11/2008, -0/+3Is not ZERO the bottom? Or did you mean the FLOOR for this crisis?
- whorunbartertwn, on 10/11/2008, -0/+3Dude please stop talking about others having no clue when you're telling everyone to watch the market drop to 2001 levels that were in fact much much higher than Friday's close.
- weebit, on 10/12/2008, -0/+3There is a little humor on line though I found some:
Box: New Terms for the 2008 market
CEO --Chief Embezzlement Officer.
CFO-- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW-- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.
Read the rest here:
The Jokes' on US: Gallows humor in time of financial meltdown
http://timesofindia.indiatimes.com/World/USA/The_J ... - sparkplug890, on 10/11/2008, -0/+34) Profit
- brad3378, on 10/11/2008, -0/+3You Can't Handle the Truth!
- RudeTurnip, on 10/11/2008, -0/+3Those multiples you're citing are incredibly high themselves. A typical sales/revenue multiple might be no more than 2x or 3x. Maybe a net income or cash flow multiple would be 10x. A high book multiple would be 3x.
- kellytubby, on 10/11/2008, -1/+3Confucius say "investor picking bottom gets dirty fingernails"
- rmxz, on 10/11/2008, -2/+4"Nobody knows where to bottom is. "
Or more cynically, those few who do know - (perhaps a few bankers at JPN, because to a large extent they can influence where the bottom is) - won't tell you because keeping that information to themselves is how they profit from it. - protoopus, on 10/11/2008, -5/+6i think we're the market bottom, if you take my meaning.
- rowlodge, on 10/11/2008, -2/+3no expert, but most of the real experts on the subject say all the rules that have been true before are not working anymore, for example last Friday's zig zagging dow. actually it makes my day when i see such volatility in the market, its been boring lately. its gonna have to crash people, i mean really crash, down to the bare bones, but i feel there are still too many crooks and greedy people trying to run the stock market and manipulate everything, just like here on digg?
- subarusqueege, on 10/11/2008, -0/+1Why are they saying the market has reset back 5 years when in fact it was higher than it is now before and even during the Sept 11 2001 drop? It has in fact been reset ten years or so...correct?
- inactive, on 10/11/2008, -0/+1and so I wake up homeless on a cont..........
`
` wanna see me drive a Ron Paul bumpersticker into a waterspout
http://www.youtube.com/watch?v=LVX1SXq_Etc - whorunbartertwn, on 10/11/2008, -0/+1If premise is true that the rich are the ones with stocks, then wouldn't they be the ones who just took it in the ass hardest over the last year?
- FreeTalkLIve, on 10/11/2008, -1/+2I am talking about the "Elite" uber rich ***** with all the gold and *****.
They have the funds to rack up.
The extreme wealthy have a chance to own even more of America. The balance of power is ***** up. - dppgroup, on 10/11/2008, -0/+17,500
- olenick, on 10/11/2008, -5/+6The CDS/CDO calls haven't really started to come in yet; the process where companies have to pay up for the bonds that have defaulted. Those will probably cause a cascade of further defaults and more calls until, at some point, either everybody who wrote them is bankrupt or the government voids the contracts (or the government covers the contracts, which would be a disaster). Either way; until those are out of the system -- the real poison of Wall Street -- we'll all be hurting. It took three years for the Dow to hit bottom in the meltdown of '29, and that was with the leadership of FDR and a cooperative Congress; we'll know better in a month how long the recovery will take, or even if the US can ever recover.
- subarusqueege, on 10/11/2008, -2/+3You speak as if it were fact!
I believe we have to be reset back as far as 2001 or more until the market stabilize. Mark my words! - bigbangbuddha, on 10/11/2008, -1/+2"In Russia, market crash you."
- donnyg16, on 10/19/2008, -0/+1The market should hit a bottom in a couple months from now, it takes a little bit of time for the market to recover from what it is going through
- inactive, on 10/11/2008, -0/+1wan you say ((dollar)) you got to be more specific,,,
like constitutionally it means something! and If that is the supreme law of the land, than you're talking about a amount of real stuff ,,, I think it's a ounce silver
or are you talking about F.E.D."notes"
and isn't the value of a F.E.D. "note" kinda hard to pin down ?
I want you to by a shortwave , so I can hear you scream
"It's a free market",,,,,wan no one delivers any gas or food to your town - EllipsisAeon, on 10/15/2008, -0/+1Violent financial markets along with severe and looming troubles in the employment sector have some saying deep recession and global depression:
http://thenewscoverage.net/15333/ - JHB800, on 10/11/2008, -0/+1Fear.
These economists and investors have never seen anything like this before, and they have no idea what's going to happen next. Instead of doing the smart thing and riding it out, they're panicking, which is then being transmitted to every day people by the media. - inactive, on 10/12/2008, -0/+1great http://www.24marketing.pl and http://www.naszefordy.110mb.com
- RonBurgundy76, on 10/11/2008, -0/+1That's why it dipped below 8000 for a bit, right?
- BarneyF, on 10/11/2008, -0/+1The LIBOR spread, a measure of banks trust in other banks, is still very high. Until it goes down, the markets won't be liquid and stocks will fall. How far they fall is probably less important than how long the crisis lasts. When it is over, the stocks should go up quickly, depending how much damage has been done in the meantime.
Governments will move fast to get over the crisis. My guess is that they will probably nationalize the banks pretty soon. - jomojo, on 10/11/2008, -0/+1I suppose this is what happens when people rely on credit to buy things. When you've spent all your money, and you can no longer buy it on credit, the market for 'stuff' dries up really quick. Anybody who wants to sell (or is forced to sell) has to find someone who has real money.
Cash is king, debt is dumb. All your businesses are belong to us (at 50% off). - silverharbinger, on 10/11/2008, -0/+1The funny thing is, the central banks keep creating all of this money to "fix" this crisis, but they also keep claiming that the money being generated is only a fraction of the money that is "being lost" during these collapses, and therefore whatever they create will not cause any inflation. Call me stupid, but isn't money always spent? I mean, I know that money can be invested (which is still spending it by giving it someone or something) and that investment can earn interest and grow or lose money, but when you create money to supply to banks, and in turn individuals and companies, that money is spent in one way or another right?
This is why I soundly believe like yourself and many others do that this money is going to cause an eventual boom in inflation. These central bank leaders can say what they want about "limited monetization" of trillions of new dollars, but I'm more of a believer that money is never so much lost as it is transferred, and these banks are using a fundamentally flawed argument of a supposed "loss" of money to back it up. All of this new money will initially go into realms of the economy that will not affect the average person for maybe a year or so, but as it is spent and trickles down throughout the economy everyone will be aware of it. The trick is, because it takes time to set in, the average consumer will likely have forgotten what really caused the price spikes and they will blame it all on corporate greed or some other nonsense. - inactive, on 10/11/2008, -2/+2To understand the Market, listen to http://reasonradionetwork.com/_archive/PS_20081007 ...
- subarusqueege, on 10/11/2008, -1/+1Check Digg article "fears of a long recession rising" back in April many like you had no clue! vs. others like me. Now watch as the market drops to 2001 levels.
- mkawick, on 10/11/2008, -6/+6The quality of these posts, their grammar, and their spelling is appalling. Also, I hear lots of conspiracy and no substance.
Markets are relatively simple. They are driven by the fundamental human emotions of greed and fear (on a micro-level) and they are also driven by herding behavior (on a macro level). Greed wins out in the long term, but short-term is driven by fear and herding. The most common fear is not getting a profit. Today, with more and more financial scandal, and currencies falling. The end may well be a long way off (it seems likely).
Folks, this is a fear cycle: plain and simple. This fear is exacerbated by herding behavior. When you tell people that the bogey man is outside, they don't believe you. But tell them long enough, and then they buy locks, shut he doors, and become a lot-less friendly. Unfortunately, there is not a way for people to unlock the door and go outside because the bogey man might still be there. It's an endless cycle of fear tha eventually 'wears off" with time. This is the same as the markets right now. It's a bloodbath, and very few people are buying because they've been told for a few weeks now that buying is dangerous. Only when people have enough time to think about it will they begin buying: greed will manifest again, and all will be right with the world again.
We're probably a few weeks away from that day. -
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