General Category > General Discussion
Dow falls more than 600 points; markets in free-fall
Dan:
--- Quote from: cjd on October 09, 2008, 08:24:50 PM ---The bailout was for China. Investors here in America will see their portfolios dwindle because thats how the system will make up the shortfall. As usual the people who lived high on the hog with other peoples money are the ones that can sit back and smile through all this. The enjoyed themselves living on borrowed money that they never could pay back. The careful investor is going to get it where the sun don't shine once again. The bottom is very far off and it will be years until any recovery comes close to restoring whats lost. GM and Ford as well as a good many other companies will be gone this time next year. If Obama gains office things will be even worse because of his proposed taxes on capital gains. Anyone with a few bucks in the bank should spend carefully that may be the only thing that will get them over the rough times ahead.
--- End quote ---
Thanks CJD,
you insight into this arena is much appreciated because I know little when it come to the backroom deals that go on in Washington...
P J C:
--- Quote from: Dr. Dan on October 09, 2008, 08:37:55 PM ---This might help the dollar actually...outside countries might not want to invest in the US and it might give Americans the opportunity to invest in their own country...
also sold my stocks today before the continued downfall... We're headed for tough times..it just hasn't stabalized yet.
--- End quote ---
I think you should keep your stocks in annd try and ride this out. Unless you are relying on your stock money.
Dr. Dan:
--- Quote from: ProJewChristian on October 09, 2008, 09:39:02 PM ---
--- Quote from: Dr. Dan on October 09, 2008, 08:37:55 PM ---This might help the dollar actually...outside countries might not want to invest in the US and it might give Americans the opportunity to invest in their own country...
also sold my stocks today before the continued downfall... We're headed for tough times..it just hasn't stabalized yet.
--- End quote ---
I think you should keep your stocks in annd try and ride this out. Unless you are relying on your stock money.
--- End quote ---
I see things falling and staying low for awhile..My strategy is to sell after the market goes up slightly and then put a limit buy at a bottom point and keep an eye on things for the next 60-90 days...Let's see what happens.
I thought about riding it out..but I think with these astronomical losses, it's not worth it...A few of these stocks might never recover.
briann:
--- Quote from: Dr. Dan on October 09, 2008, 08:37:55 PM ---This might help the dollar actually...outside countries might not want to invest in the US and it might give Americans the opportunity to invest in their own country...
--- End quote ---
What??? Thats not how things work. If investors pull out of the US it kills the US dollar.... and it doesnt somehow magically make domestic investors want to invest in the US either. However.. there is no where else to put your money. All countries are in a free fall. And therefore... the US dollar hasn't really even been affected by this, and is actually gaining on European currencies. BTW... other countries are getting hit even harder than ours.
Dan:
--- Quote from: briann on October 09, 2008, 11:38:09 PM ---
--- Quote from: Dr. Dan on October 09, 2008, 08:37:55 PM ---This might help the dollar actually...outside countries might not want to invest in the US and it might give Americans the opportunity to invest in their own country...
--- End quote ---
What??? Thats not how things work. If investors pull out of the US it kills the US dollar.... and it doesnt somehow magically make domestic investors want to invest in the US either. However.. there is no where else to put your money. All countries are in a free fall. And therefore... the US dollar hasn't really even been affected by this, and is actually gaining on European currencies. BTW... other countries are getting hit even harder than ours.
--- End quote ---
I hope so... The Evil European Union should be feeling the brunt of this pretty soon!
This type of chaos should make new nations wherry on joining the EU, and the Muslim world should be gasping for air anytime now that American are ALL on top of the Transfer of wealth that has been occurring for the past 2 decades. This must STOP NOW!
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