The stock market is crashing!!

[Trianon]

http://www.theonion.com/articles/drunken-ben-bernanke-tells-everyone-at-neighborhoo,21059/

?

 

[Imp]

no one wants to purchase becasue they cant find a job... want to stimulate the economy? hire people... once they have money to spare, they will willingly spend it.

Someone has to to take a short term loss to stop the vicious circle... IMO business owners are the only viable choice to do it.

If Cisco is any example, good luck. According to CNN, they made $7.8B in profit last year, but they cut, what, 5000 or 10000 jobs to increase profits in the absence of sales growth.

 

[BrunoPuntzJones]

Anyone think tomorrow will be a medium-large rebound? Nothing close to recovering everything lost today obviously.

I'm guessing with the jobs report, it's gonna be shit. I'd hold off buying until tomorrow afternoon or Monday. I'm gonna dump another $6500 in.

 

[akshatp]

Glad I sold all of our MHS holdings last week after they got bought by Express Scripts Got a nice 20% bump in a day and now its right back to where it was pre sale.

 

[trmiv]

I love how when the market crashes it always leads to the requisite pictures of brokers with hands on their heads or rubbing their eyes

 

[Imp]

I love how when the market crashes it always leads to the requisite pictures of brokers with hands on their heads or rubbing their eyes

I find it funnier when banks advertise their trading platforms and it's of a happy, smug, smiling, sophisticated guy clicking "buy" on some screen. That hand on face, blank stare is a lot more accurate...

 

[Trianon]

I find it funnier when banks advertise their trading platforms and it's of a happy, smug, smiling, sophisticated guy clicking "buy" on some screen. That hand on face, blank stare is a lot more accurate...

These guys are dinosaurs of Wall Street, HFT algos are where it's at...

 

[chin311]

How do you go about trading gold and silver...? I've never done anything with stocks before. Interested in throwing a couple grand into silver

 

[mnewsham]

How do you go about trading gold and silver...? I've never done anything with stocks before. Interested in throwing a couple grand into silver

Well you can buy silver....

 

[chin311]

Well you can buy silver....

Yes buy if you want to get technical!

 

[spacejamz]

Of course this is still Bush's fault...amirite???

 

[theeedude]

Of course this is still Bush's fault...amirite???

Nope, Boehner's.

 

[Imp]

How do you go about trading gold and silver...? I've never done anything with stocks before. Interested in throwing a couple grand into silver

Somewhere you can buy bullion or bullion certificiates. The certificates buys you a brick in someone's basement that you never see/touch. Talk to your broker.

 

[GotIssues]

I am buying as much canned goods, ammo and fishing supplies as I can afford.

If all else fails, I will go down to the local river and catch something to eat. And my hunting lease is paid up for the next year.

That's good, since in anarchy, hunting licenses are the one thing that they still check.

http://www.foxnews.com/politics/2011/08/04/us-debt-reaches-100-percent-countrys-gdp/

The US now owes as much as we are worth.

You are fucking retarded. Do you even know what the GDP is?

 

[spacejamz]

no one wants to purchase becasue they cant find a job... want to stimulate the economy? hire people... once they have money to spare, they will willingly spend it.

Someone has to to take a short term loss to stop the vicious circle... IMO business owners are the only viable choice to do it.

Business won't because they don't know what new taxes and/or regulations are coming from the White House...

They still are not sure how Obmacare is going to really affect them and any new employees they hire...what good is hiring someone now if you have to let them go in a few months?

 

[mnewsham]

Yes buy if you want to get technical!

http://www.apmex.com/Category/1184/Silver_Bars_All_Sizes__Manufacturers.aspx

 

[M0oG0oGaiPan]

you should've invested in bitcoins

 

[zinfamous]

Business won't because they don't know what new taxes and/or regulations are coming from the White House...

They still are not sure how Obmacare is going to really affect them and any new employees they hire...what good is hiring someone now if you have to let them go in a few months?

there's a lot of people that need work, and for most of them, a temporary solution is better than no solution.

I know it won't work for all businessnesses, but hiring out on temporary 6 month- 1 year contracts, some part time (reduction in benefits) would go a long way.

It seems that for the last year, many businesses have had plenty of money to hire people (the banks especially), they just don't have any balls to spend it--which is why they will likely fail in the end. Those that succeed are the ones that capitalize on risks at times like this and spend money to innovate. It certainly goes against what most people think, but so does the notion that raising taxes hurts jobs--yet both of these ideas (saving money and freezing hiring during recession; cutting taxes = jobs; raising taxes kills jobs) have been proven again and again, through reality, to be completely false notions.

 

[theeedude]

Boehner, where is the jobs stimulus bill?

 

[bamacre]

How do you go about trading gold and silver...? I've never done anything with stocks before. Interested in throwing a couple grand into silver

http://goldismoney2.com/forum.php

Go there and start reading. There are few crazies, but some damn smart folks, too.

IMHO, silver is a roller coaster. I don't own much anymore. Gold is a better bet. Be in it for the long haul. PM's aren't for weak hands.

 

[Printer Bandit]

http://www.apmex.com/Category/1184/Silver_Bars_All_Sizes__Manufacturers.aspx

i got a 10 oz. silver bar a couple years ago for $145 and now it goes for $417. w00t!

 

[manly]

Business won't because they don't know what new taxes and/or regulations are coming from the White House...

They still are not sure how Obmacare is going to really affect them and any new employees they hire...what good is hiring someone now if you have to let them go in a few months?

Uncertainty is a cop-out, since when are businesses ever certain about future prospects?

Not to mention Congress isn't passing any tax increases anytime soon, maybe the deduction for corporate jets will go away. Or the top income tax bracket reverts to the Clinton rate, but I highly doubt it.

Obama's health care initiatives don't kick in until 2014, why would a business worry about it this year? IIRC corporations by and large didn't object to the expansion of health care because they'd prefer to get out of employer-sponsored insurance. Businesses aren't hiring to maintain record profits, quit parroting that they're all collectively scared that Obama can dictatorially turn us into the Soviet Union.

 

[BTRY B 529th FA BN]

500 point drop?

 

[freegeeks]

the funny thing is that people are worrying about Spain which has a debt/gdp of 67% while the USA went through the 100% barrier. Spains debt is even lower then Germany!!!

doesn't make sense to me at all

 

[Red Squirrel]

Wow, should I buy US dollars now, or wait, or will it even be affected?

And somebody should go reboot it.