***Official*** 2008 Stock Market Thread

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ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
Originally posted by: Engineer
Heh, just read where the "world leaders" are considering shutting down the world markets - at least until the financial rules and bailouts are in place. Talk about causing a panic right before it closes if that were to happen. A run on the market....straight into the ground.
Click to expand...

We need strong proactive leaders. What we have are reactionary weak leaders that strike more fear into the market than calm it. People have lost total confidence in the current leaders and nothing they do will change that now.
 
IHateMyJob2004

IHateMyJob2004

Lifer
Sep 29, 2004
18,656
68
91
So, who bought BRK-B for $3200 today?

Why are the leaders talking about the markets? The markets will take care of themselves. Their job is the economy.
 
R

Ricochet

Diamond Member
Oct 31, 1999
6,390
19
81
Originally posted by: Engineer
Heh, just read where the "world leaders" are considering shutting down the world markets - at least until the financial rules and bailouts are in place. Talk about causing a panic right before it closes if that were to happen. A run on the market....straight into the ground.
Click to expand...

Reference/link?
 
Ns1

Ns1

No Lifer
Jun 17, 2001
55,420
1,600
126
Originally posted by: ricochet
Originally posted by: Engineer
Heh, just read where the "world leaders" are considering shutting down the world markets - at least until the financial rules and bailouts are in place. Talk about causing a panic right before it closes if that were to happen. A run on the market....straight into the ground.
Click to expand...

Reference/link?
Click to expand...

www.drudgereport.com
 
Modelworks

Modelworks

Lifer
Feb 22, 2007
16,240
7
76
Shutting down the markets would be the worst thing they could do.
Its going to cause utter panic if they do.

Its on cnbc now, they are considering it :(
 
Alyx

Alyx

Golden Member
Apr 28, 2007
1,181
0
0
so with the market down so far is it fairly safe to put some into EFTs? Especially if its money that wasn't in the market when it took the down turn?

Whats a good place to put the money in with? I was looking at the Vanguard Total Stock Market Index.
 
Modelworks

Modelworks

Lifer
Feb 22, 2007
16,240
7
76
Paulson is going to give a speech at 6:45PM eastern time.
I suspect it will be more 'nothing is wrong, we have a solution"
 
R

Ricochet

Diamond Member
Oct 31, 1999
6,390
19
81
Originally posted by: JackBurton
Ok, this is getting REALLY scary now. :(
Click to expand...

As it wasn't scary a week ago? This year's Halloween is going to be the scariest in recent memory.
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
I was going to sell my trading positions if we got any kind of bounce this afternoon but now I'm going to hold. No one wants to hold over the weekend and everyone will probably head for the exit the last hour. I'm probably being stubborn and foolish but I'm going against the herd and not exit. I will hold. God help me.
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
I don't want to jinx but don't call it a comeback. Redemption hour is coming up the final 30 minutes of trading. If we can rally and hold during redemption hour, that's huge.

*prays to trading god*
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
f^ck, I don't want to hear cheering on the trading floor. That just made me less bullish.
 
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