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So what will YOU do with your investments tomorrow?

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Originally posted by: spidey07
Originally posted by: Beattie
Originally posted by: GTaudiophile
Global markets plunge on U.S. recession fears:

http://money.cnn.com/2008/01/2...postversion=2008012115
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Idiots. "Recession fears"? Bunch of alarmist crap. There needs to be 2 straight quarters of economic shrinkage for there to be a recession. That's 6 months. So far there have been 0 months. We can start talking about a recession when there's been 3-4 months.
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I thought it was 3 quarters?
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It's 2.
 
taiwan stock market drops 515.03 points, the second worst drop since year 2000. i'd link the article, but it is in chinese... and if you can read chinese, you know where to get it....
 
Nothing, I play long term. At least we'll have something interesting to talk about in my econ class on wednesday.
 
Originally posted by: TallBill
Nothing, I play long term. At least we'll have something interesting to talk about in my econ class on wednesday.
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BINGO....and every time there has been a crash over the last 22 years I have been invested I have made more money the year of the crash. Crashes are caused by a combination of fear and idiots, but the foundation that the world economy is built on always compensates. Crashes are merely a GREAT opportunity for smart people to make lots of money...and then they get accused of being greedy and are held up as examples why the rich keep getting richer later on by those not smart enough, or not in a position to capitalize on the situation. If the market is not moving there is no money to be made...which way it moves is actually irrelevant to the smart investor.
 
Originally posted by: Ronstang
Originally posted by: TallBill
Nothing, I play long term. At least we'll have something interesting to talk about in my econ class on wednesday.
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BINGO....and every time there has been a crash over the last 22 years I have been invested I have made more money the year of the crash. Crashes are caused by a combination of fear and idiots, but the foundation that the world economy is built on always compensates. Crashes are merely a GREAT opportunity for smart people to make lots of money...and then they get accused of being greedy and are held up as examples why the rich keep getting richer later on by those not smart enough, or not in a position to capitalize on the situation. If the market is not moving there is no money to be made...which way it moves is actually irrelevant to the smart investor.
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So true.

I'm waiting to see what happens, I've been watching the Bio-Med sector so I have NO IDEA how today is going to open.
 
i'll be doing nothing, my 401(k) contribution will go in whenever it goes in
over the next months/year(s) i'll get more stock in my 401(k) accounts due to the lower prices
its all good


i do need to pick up some guns/ammo soon though
 
Originally posted by: Beattie
Originally posted by: GTaudiophile
Global markets plunge on U.S. recession fears:

http://money.cnn.com/2008/01/2...postversion=2008012115
Click to expand...

Idiots. "Recession fears"? Bunch of alarmist crap. There needs to be 2 straight quarters of economic shrinkage for there to be a recession. That's 6 months. So far there have been 0 months. We can start talking about a recession when there's been 3-4 months.
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So you'd rather wait for a recession to come and bite you in the ass rather than taking steps ahead of time to safeguard yourself? That's like deciding to fasten your seatbelt right after you've been involved in a head-on collision..... the right idea, but a tad too late.
 
Originally posted by: Engineer
FED just cut rates by 3/4 point!!! :shocked:
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Unbelievable! :Q

Talking about sh!tting bricks...it must be close to doomsday if the fed freaks out like this, lol. Greenspan must be rolling in his grave, after the fatal heart attack he just had when reading about his week-knee'd successors. If I didn't know better I'd think the fed is daytrading the market. 😀


Too bad Greenspan's not the leader of the fed anymore. 🙁
 
Originally posted by: Engineer
FED just cut rates by 3/4 point!!! :shocked:
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yeah, all the historical charts i've seen, the fed has never cut .75 at once before, they must have shit their pants this morning.
 
Originally posted by: Engineer
FED just cut rates by 3/4 point!!! :shocked:
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yeah fucking amazing. thats huge!

should be a entersting day. any bets on how far its going to go down?


whoa -220 in a minute heh
 
Originally posted by: FoBoT

i do need to pick up some guns/ammo soon though
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Funny as it might sound, I was thinking the same thing.

Always be prepared for the worst.

Will be a hell of a lot harder to get one when/if you actually do need it.
 
Originally posted by: pyonir
Originally posted by: Jhill
Edit: I am saving alot (i mean A LOT) of porn to my HD now in case the internet crashes as well.
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Ha......if that's doing something to prepare...i've been preparing for tomorrow for more than a decade.

:Q
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hope you also prepared by buying that fappin'-powered generator. 😛
 
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