it's complicated
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Whenever I bring it up, my dad just sighs and says how many thousands of dollars he's lost in his 401k.
Nobody noticed my avatar change? :'(
Quote from: ferrarimanf355 on October 06, 2008, 04:33:08 PMNobody noticed my avatar change? :'(I did boo.spoiler (click to show/hide)[close]
Quote from: CajoleJuice on October 06, 2008, 04:16:51 PMWhenever I bring it up, my dad just sighs and says how many thousands of dollars he's lost in his 401k. I haven't asked my dad, but my wife's lost a good amount of money in her 401k recently.I haven't bothered to see how my state retirement plan and pension are doing, though.
http://gawker.com/5059535/jim-cramer-begs-america-to-abandon-hope
I might even go as high as a DON'T BUY!DON'T BUY BLUTH!
Quote from: Fresh Prince on October 06, 2008, 12:16:51 PMWe need a giant fucking computer that simply assigns share prices to company stock on accounting principles. 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.
We need a giant fucking computer that simply assigns share prices to company stock on accounting principles.
I get the feeling that even though regulations will be ramped up considerably in the next administration, some moron 20 years from now is going to make the push for deregulation...and get it.
This would render the stock market pointless.
The Toronto stock exchange was 50% higher just a few months ago. My parents' retirement savings are fucked.
Quote from: Cormacaroni on October 06, 2008, 10:47:58 PMThis would render the stock market pointless.Not really since you could still project growth and hence you'd still have investment based on calculated future earnings instead of 'feelings'.Anyway our local stock market cut rates by 1% which has one set of morons talking about buying more shit, another set saying it's a victory for political party X and others knowing that we're truly fucked.
Kashkari, it turns out, was one of the original authors of the bailout plan. In a secretive effort over “many, many months,” he was a part of a small team at Treasury working on the plan, said David H. McCormick, under secretary for international affairs.“It was certainly a contingency that we hoped we wouldn’t need to consider.”
Although he’ll direct the largest government intervention in the markets in American history, Kashkari told the AEI audience: “I am a free-market Republican.”“We need to enable the necessary correction to move forward as quickly as possible,” Kashkari said at one point, cutting the air with his hands for emphasis. “We’re having a necessary correction, and we don’t want to do anything to slow it down. We need to get through it.”Kashkari also made it clear that there’s no “silver bullet” to fix the housing market. “There’s no one tool that’s going to solve all of our problems,” he said.
Still OVER 9000?!??!?!?!??!
What do people do with all of that money?
Quote from: MrAngryFace on October 07, 2008, 05:01:58 PMWhat do people do with all of that money?sink 150+ year-old companies.
Quote from: Kestastrophe on October 07, 2008, 05:09:27 PMQuote from: MrAngryFace on October 07, 2008, 05:01:58 PMWhat do people do with all of that money?sink 150+ year-old companies. At least he got punched in the face for it.
Quote from: Zero Hero on October 07, 2008, 07:23:35 PMQuote from: Kestastrophe on October 07, 2008, 05:09:27 PMQuote from: MrAngryFace on October 07, 2008, 05:01:58 PMWhat do people do with all of that money?sink 150+ year-old companies. At least he got punched in the face for it.What?
they should've asked the prez candidates how many points they thought the stock market would go down between the 2nd and 3rd debates
The International Monetary Fund said Thursday that Canada will lead the G7 in economic growth next year and avoid a recession. Shortly after that, the World Economic Forum, a Geneva-based independent think-tank, released a report saying Canada has the world's soundest banking system. Canada's biggest trading partner, the United States, ranked 40th in the world for the soundest of its financial system, behind countries like the Barbados and Namibia.
8,589.70 Down 668.40 (7.22%)The Experiment, I have no idea where the bottom is, but the Dow is down 5500 from its high of a year ago. At this point, who cares about 300 points.
