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RF Generation Message Board | Other | Idle Chatter | Well, Here's to the Depression! 0 Members and 15 Guests are viewing this topic. « previous next »
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Author Topic: Well, Here's to the Depression!  (Read 17146 times)
TraderJake
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« Reply #60 on: October 10, 2008, 03:44:13 PM »
Quote from: phoenix1967 on October 10, 2008, 08:05:21 AM
Since today's Friday, I'm guessing we'll see some a lot of dropping during the day, but will rally at the end to end to finish less than 100 points down.

Anyone else have predictions for today?

Wow, you were spot on.
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phoenix1967
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« Reply #61 on: October 10, 2008, 04:04:15 PM »
Pretty close. Cool

But don't ask me what's going to happen on Monday... Huh
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logical123
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« Reply #62 on: October 10, 2008, 04:05:28 PM »
Quote from: phoenix1967 on October 10, 2008, 08:05:21 AM
Since today's Friday, I'm guessing we'll see some a lot of dropping during the day, but will rally at the end to end to finish less than 100 points down.

Anyone else have predictions for today?

Not a bad guess man! Not bad at all!

Today's stats:

Dow      8,451.19   -128.00   -1.49%
Nasdaq   1,649.51   +4.39   +0.27%
S&P 500   899.22   -10.70   -1.18%

Not too bad, but it does end the worst trading week ever.
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logical123
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« Reply #63 on: October 10, 2008, 04:06:00 PM »
I just got ninja'd...

laugh

ninja
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Sirgin
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« Reply #64 on: October 10, 2008, 06:57:03 PM »
The Nikkei took another serious beating again today. Oh, and Iceland is almost bankrupt. That's right, a whole country. Shocked There's even an Iceland bank that blocked the savings of customers indefinitely.
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TraderJake
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« Reply #65 on: October 10, 2008, 07:50:36 PM »
Eh, bankruptcy is an interesting term. As states must have a balanced budget in the US, many states are massively cutting budgets, doing things such as temporary layoffs for their workers, which may or may not affect me. We shall see.
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otaku
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« Reply #66 on: October 11, 2008, 09:34:13 PM »
Government interference will only make things worse we need this market correction and will just have to make it through it. I'm in college right now and the plan was not to have to work but I am getting a job now to ensure I am in a good financial standing, for now and the forseeable future I'm ok. I have debt but nothing I can't handle with my side jobs and my new constant employment (its a pretty safe job downturn or not) things aren't to bad yet but I fear they will get worse.
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The Metamorphosing Leon
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« Reply #67 on: October 11, 2008, 09:41:07 PM »
Quote from: Sirgin on October 10, 2008, 06:57:03 PM
The Nikkei took another serious beating again today. Oh, and Iceland is almost bankrupt. That's right, a whole country. Shocked There's even an Iceland bank that blocked the savings of customers indefinitely.

Iceland has had a shitty economy for as long as I remember. All those socialist Northern European states are being run into the ground.

This will turn around, the money will go back in. If you have the capital, and are smart, you would be buying right now.
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Sirgin
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« Reply #68 on: October 12, 2008, 06:08:26 AM »
Quote from: The Maligned Leon on October 11, 2008, 09:41:07 PM
This will turn around, the money will go back in. If you have the capital, and are smart, you would be buying right now.
That is true, but it's risky aswell. Belgians who bought stocks of Fortis when they were at €15 thought that was the oppotunity of a lifetime. Now, 4 months later, Fortis has been bought by BNP Parisbas and the stocks are worthless.

So simply buying random stocks just because they're low doesn't guarantee huge profits either.
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logical123
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« Reply #69 on: October 13, 2008, 05:51:38 PM »
Dow           9,387.61   +936.42   +11.08%
Nasdaq   1,844.25   +194.74   +11.81%
S&P 500   1,003.35   +104.13   +11.58%

Huh


XD

Largest point gain ever for the Dow, and the second largest % gain. WTF? I told my dad we should have bought ton of MS stock last week. It shot up 8 bucks today. Tongue
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The Metamorphosing Leon
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« Reply #70 on: October 13, 2008, 06:20:18 PM »
What else are people going to do with their money?
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OatBob
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« Reply #71 on: October 13, 2008, 06:48:39 PM »
Quote from: The Maligned Leon on October 13, 2008, 06:20:18 PM
What else are people going to do with their money?

Buy games of course!

People won't be able to afford boats and expensive vacations, but a 200-300 console and a couple games is cheap enough to keep people happy from their own homes.

No, seriously.  I read an article on it in the Wall Street Journal last Friday.  It partially explains the current gaming industry boom.  Don't believe me?  Look at the Japanese recession through the 80s and the subsequent fixation with karaoke.
« Last Edit: October 13, 2008, 06:52:38 PM by OatBob » Logged

it's thinking
Hydrobond
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« Reply #72 on: October 13, 2008, 07:36:54 PM »
Quote from: The Maligned Leon on October 13, 2008, 06:20:18 PM
What else are people going to do with their money?

Well, I just bought a car.
It's lost less value than the stock market over the past 2 weeks.
That counts as an investment, right?
:-)
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Sirgin
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« Reply #73 on: October 14, 2008, 11:43:05 AM »
Quote from: OatBob on October 13, 2008, 06:48:39 PM
No, seriously.  I read an article on it in the Wall Street Journal last Friday.  It partially explains the current gaming industry boom.  Don't believe me?  Look at the Japanese recession through the 80s and the subsequent fixation with karaoke.
Interesting theory, it does make sense when you think about it. People won't buy all the expensive stuff anymore but will spend more on the cheaper things in life.
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logical123
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« Reply #74 on: October 15, 2008, 03:29:34 PM »
Dow      8,577.91   -733.08   -7.87%
Nasdaq   1,628.33   -150.68   -8.47%
S&P 500   907.84   -90.17   -9.03%

What is with the market?! Huh
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