People predicting the demise of baseball seem to forget that there will always be new old people.
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How come I'm only paying ~$.50 less a gallon than when oil was at $150/barrel?
The markets have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets, and that many banks are still having difficulty gaining access to cash. That's caused investors to exit stocks and move money into the relative safety of government debt.
Quote from: Yahoo The markets have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets, and that many banks are still having difficulty gaining access to cash. That's caused investors to exit stocks and move money into the relative safety of government debt.Why in the hell would you sell now when prices are this low? If you have any kind of longer term investment horizon you would be much better off staying in the market.
Most investors are dumb, probably screaming at their broker to pull everything out.
Did you expect 700 billion to just teleport where it needed to be? Who's fault is that.
I blame Ronald Reagan, of course. If people hadn't started using IRAs and 401ks as opposed to actual pension plans, not everybody and their fucking brother would be in the market right now. Know how many households had investments in the stock market in 1976? Like 5%. Now it's like more than half.
The Toronto Stock Exchange:(Image removed from quote.)
Thats because for years the stock market has been sold as a 'game' to well-off old people
We need a giant fucking computer that simply assigns share prices to company stock on accounting principles.
TORONTO, Oct 6 (Reuters) - The Toronto Stock Exchange's main index tumbled more than 1,100 points and more than 10 percent on Monday morning, its biggest percentage drop since October 1987.
What I really want to know is, how is Campbell's stock doing today? No hobo.
It's called the price to book ratio, although the p/e ratio is much more popular with investors. I think that the p/e ration is much too short-sighted since earnings are often an aberration.
Hells yeah. Old school warfare is OUT. We're gonna KILL THE TERRERISTS by ELIMINATING MONEY. Take that, filthy Euro-Canuk trash!
Quote from: Kestastrophe on October 06, 2008, 12:21:28 PMIt's called the price to book ratio, although the p/e ratio is much more popular with investors. I think that the p/e ration is much too short-sighted since earnings are often an aberration. It's the human element though if the p/b or p/e ratio was good people would still bail since it's about speculation. Anyway I've been hoping the the floor comes soon just so I can feel comfortable that's the rides over and maybe do the smart investor thing.
Is this really an economic disaster for anyone but the super rich?
YESthe previous record was 777and now we break it less than a week laterAMERICA! http://www.time.com/time/magazine/article/0,9171,992211,00.html
It's not really close to a record percentage-wise.
And yeah, it's affecting normal folks, not just the super rich. 3 people in my office got laid off this morning. We're down to 14 people now.
Quote from: Bocsius on October 06, 2008, 03:22:16 PMAnd yeah, it's affecting normal folks, not just the super rich. 3 people in my office got laid off this morning. We're down to 14 people now. You sure it was cause of stock market? Sure they weren't fired just for being too ugly?
Pope Benedict XVI today said that the global credit crisis shows that the world's financial systems are "built on sand" and that only the works of God have "solid reality".
The Toronto Stock Exchange:(Image removed from quote.)edit: it was under 10k today, falling more than 1000 points--the biggest one day percentage drop since 1987.
http://www.timesonline.co.uk/tol/comment/faith/article4893190.eceQuotePope Benedict XVI today said that the global credit crisis shows that the world's financial systems are "built on sand" and that only the works of God have "solid reality". That's right! The miracle speculation market is still doing well! And Jesus is still appearing in 1 out of 10000 loaves of bread!
Quote from: CajoleJuice on October 06, 2008, 03:43:14 PMhttp://www.timesonline.co.uk/tol/comment/faith/article4893190.eceQuotePope Benedict XVI today said that the global credit crisis shows that the world's financial systems are "built on sand" and that only the works of God have "solid reality". That's right! The miracle speculation market is still doing well! And Jesus is still appearing in 1 out of 10000 loaves of bread!http://religionclause.blogspot.com/2008/10/prosperity-gospel-may-have-helped.html
Quote from: Synthesizer Patel on October 06, 2008, 03:46:36 PMQuote from: CajoleJuice on October 06, 2008, 03:43:14 PMhttp://www.timesonline.co.uk/tol/comment/faith/article4893190.eceQuotePope Benedict XVI today said that the global credit crisis shows that the world's financial systems are "built on sand" and that only the works of God have "solid reality". That's right! The miracle speculation market is still doing well! And Jesus is still appearing in 1 out of 10000 loaves of bread!http://religionclause.blogspot.com/2008/10/prosperity-gospel-may-have-helped.htmlTo be fair, the Pope had nothing to do with that.
Quote from: CajoleJuice on October 06, 2008, 04:00:24 PMQuote from: Synthesizer Patel on October 06, 2008, 03:46:36 PMQuote from: CajoleJuice on October 06, 2008, 03:43:14 PMhttp://www.timesonline.co.uk/tol/comment/faith/article4893190.eceQuotePope Benedict XVI today said that the global credit crisis shows that the world's financial systems are "built on sand" and that only the works of God have "solid reality". That's right! The miracle speculation market is still doing well! And Jesus is still appearing in 1 out of 10000 loaves of bread!http://religionclause.blogspot.com/2008/10/prosperity-gospel-may-have-helped.htmlTo be fair, the Pope had nothing to do with that.Yeah, the Catholic Church isn't interested in mortgages. When was the last time a house squealed like a ten-year-old boy when a priest entered it from behind.
