What is Digg?118 Comments
- zippy757, on 10/10/2008, -5/+21This is now panic selling, and not driven by any real fundamentals.
Obama AND McCain, if they really cared about the US, should get on tv TOGETHER, with a special 15 minute 'show' to make sure that every citizen knows regardless of who is elected, the financial stability of the US will be guaranteed. Without that assurance, the panic selling will continue.
I have written to both campaigns requesting they do this. I ask you to do the same. - aereaus, on 10/10/2008, -1/+14As usual they're buying gold and silver, stocking their basements with can goods and water, and waiting for the release of Fallout 3. Just another day at the office.
- craighoxton, on 10/10/2008, -2/+12Can someone lend me some money to buy stocks?
- Leviathan433, on 10/10/2008, -1/+11ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!
ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh! - rolosworld, on 10/10/2008, -3/+13OMG ITS BELOW 9000!
- inactive, on 10/10/2008, -1/+10What the heck is a lobal stock? is it when the stock goes nucular?
- mahomet, on 10/10/2008, -1/+9The economic depression has grown into a severe crisis lately, the plunge in American market and the deficiency of liquidity has become a surmounting twinge for the Asian and the European markets. The growing economies have been sent on the back foot, if the markets fail to find the correct route out - the situation may get too bleak for the developing states.
There is a meeting of the finance leaders from around the world - lets hope they can work out a solution for this. - Brownds, on 10/10/2008, -0/+8The Amaroeurasio?
- scfraser6, on 10/10/2008, -2/+9This isn't even close to the end.....
- andyb747, on 10/10/2008, -1/+8just a big sale. buy buy buy buy
- lifeisgoooooood, on 10/10/2008, -6/+13Bad.. bad times these. I feel its high time that nations sit together and workout a strategy.
- scfraser6, on 10/10/2008, -2/+9This economy sure has some strong fundamentals.....
- stonewall123, on 10/10/2008, -3/+9Frogle,
That's not what these economists are saying...
http://www.economist.com/world/unitedstates/displa ... - Lucas123, on 10/10/2008, -2/+7THE SKY IS FALLING!!!
On the other hand -- buy low. - IphtashuFitz, on 10/10/2008, -0/+4No, no, no. It's "The fundamentals of the economy are strong."
- Recidivus, on 10/10/2008, -0/+4And it was a hell of a lot more personal than the standard business handshake.
- chichris, on 10/10/2008, -6/+10This depression is artificial, same thing happened in the great depression just before the presidential elections. International bankers buy back stuff at 10 cents on the dollar.
It's not that banks dont want to lend because they make their money from lending. It is the central bank that squeezes them. the 700B is going to be borrowed at interest from the central bank to bail out the other banks. It is a scheme to stick it to the taxpayers. When they have done this, the crisis will suddenly be over, there will be a boom during which the banks will make a huge profit and the process will repeat itself - shutaro, on 10/10/2008, -0/+4And let the reptilians win?!?!
- stevejobs, on 10/10/2008, -7/+11Doubt that would happen seeing as McCain won't even acknowledge Obama during a debate.
- JazzFlight, on 10/10/2008, -0/+4Is that what the scouter says?
- shutaro, on 10/10/2008, -0/+4It would also be worth your time to put together a decent Mad Max-style outfit... So you won't look out of place among the violent roving mobs pillaging the remains of our once great civilization.
- FENWAYFREAK, on 10/10/2008, -1/+5The dow, for the first time, traded in the 1000 range as it went down 700 to up 300, closing at a relatively tame -127 as of right now. Pretty successful considering it dropped below 8k twice.
- Ragzouken, on 10/10/2008, -0/+4That plan is as sound as a dollarpound.
- dsmx, on 10/10/2008, -0/+4Essentially people can't afford to borrow any more and with that world economies collapse as people don't spend as much any more. What's happening now is a market correction back to the level it should be at if governments just had the balls to do nothing the problem would be sorted out in less than a year but all they're doing at the moment is trying to postpone the inevitable. The market will fall regardless of what you do anything you try and do will only postpone and make the eventual fall even greater.
- shutaro, on 10/10/2008, -0/+4Two words: Antique Tractors.
- Metasquares, on 10/10/2008, -0/+4Isn't that just perpetuating the sort of nonsense that caused this in the first place, thereby setting us up for an even bigger crisis later?
- scoottie, on 10/10/2008, -0/+3-128 is above the starting point?
- SpectralSounds, on 10/10/2008, -0/+3Dead Bill: Hey, you wanna play 20 questions?
Dead Ted: Okay! I got one!
Dead Bill: Are you a mineral?
Dead Ted: Yeah!
Dead Bill: Are you a tank?
Dead Ted: Whoa! Yeah! - gallito89, on 10/10/2008, -3/+6Now's the time to get into the market, I just invested a few thousand from my business into the market :)
- nick1971, on 10/10/2008, -0/+3Now that is real leadership.
- inactive, on 10/10/2008, -1/+4I wouldn't be surprised if the Dow dropped into the 7000's next week. Just as long as it does so AFTER I get paid (so I can get in on this midday madness sale).
- Snarfy, on 10/10/2008, -0/+3How is having a 1.5% interest rating "squeezing" the banks? The Fed isn't squeezing the banks. The banks are hording what the Fed is giving them.
- shutaro, on 10/10/2008, -0/+3ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!
- Mrdiggers, on 10/10/2008, -1/+4Umm right now the Dow is at 8,595 up 16 pts from yesterday. It did not close below 8,000 it only went below.
- scoottie, on 10/10/2008, -1/+4McCain wont look him in the eye because McCain put his life on the line fighting socialist before and his anger might overcome his restraint
- rowlodge, on 10/10/2008, -0/+3crude oil, the barrel of oil has come down to around $80 from a high of $129.
- kesam, on 10/10/2008, -0/+3Every time a country closes its stock exchange, the result is a total crash when it opens again. It won't exactly regain trust in the market.
- rondorondorondo, on 10/10/2008, -0/+2Worry about global demand and the strengthening dollar (for the moment).
- bestsoccerdog, on 10/10/2008, -2/+4He patted him on the back. That's acknowledging him.
- nick1971, on 10/10/2008, -1/+3I think that this should happen too. I'll happily change the name from Euro to dollar if we get over this crisis.
- scoottie, on 10/10/2008, -0/+2it might ht 7k but it be better to stay at 8k
jmp the market got close to 7.5k - scfraser6, on 10/10/2008, -0/+2Oh yea, duh
- Buzzbean, on 10/10/2008, -1/+3Because the price was a market-driven bubble and it has burst, just like tech stocks back in 2000 and housing prices the past couple of years.
- holzp, on 10/10/2008, -0/+2Senator is that you?
- hamobu, on 10/10/2008, -1/+3I agree with that. Certanly don't bet the cow, but any money you can risk you should invest. This is like getting good stocks at a sale.
- jmpeagle, on 10/10/2008, -0/+2it was briely below 8,000 today
- inactive, on 10/10/2008, -2/+4DON'T FREAK, HOLD ON TO YOUR STOCK.
- scoottie, on 10/10/2008, -2/+4good we are close to the bottom we just need all the fake money that flooded the markets and all the fake valuation of world currency to be shaking out and then we can get things going again
- republicker, on 10/10/2008, -1/+3 hyperinflation is the problem and it hasn't arrived yet. When you see midgets dressed in black leather riding in Ford Falcon XB GT/INterceptors, firing shotguns at random pedestrians, then you know it has happened.
- kingmanic, on 10/10/2008, -0/+2If the Fed/Bank of Canada/Bank of England etc. . . have low interest rate it squeezes the banks to have lower interest rates. This squeezes them into having lower margins. That is how the Fed and the other organizations helped make this mess. The long term low rates has meant you get little back in safe investments (good mortgages, loans to good businesses) so Banks took it upon themselves to take more risks. The American banks took really stupid risks and now you have this financial meltdown. Pushed on because of greed and low interest rates.
some theorize the low low fed rate is due to a need of the US government to borrow. So keeping the rate low helped Bush and his Democrat and Republican brethren make their 8 year spending spree appear more reasonable. -
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