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KevO
Expert
Joined: May 24, 2005
Posts: 2333
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 Posted: Tue Jan 15, 2008 10:59 am Post subject: Stock Market Crash! (merged thread) |
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[Lots of great discussion but it needed to be condensed, Tyler_JC]
as I type.
check the column on the right at
http://news.bbc.co.uk/1/hi/business/default.stm |
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Shannymara
Master
Joined: Oct 04, 2004
Posts: 5139
Location: Oklahoma
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| Posted: Tue Jan 15, 2008 11:19 am Post subject: Re: Stock Markets in freefall |
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I'm sure trading curbs will be implemented shortly, then.
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Bas
Moderator
Joined: Mar 26, 2005
Posts: 3686
Location: over here
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| Posted: Tue Jan 15, 2008 11:31 am Post subject: Re: Stock Markets in freefall |
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"just" 2 to 3% losses, we've seen plenty of days like this before in the past 6 months...
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EnergyUnlimited
Fission
Joined: May 15, 2006
Posts: 2989
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| Posted: Tue Jan 15, 2008 11:32 am Post subject: Re: Stock Markets in freefall |
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| Shannymara wrote: | | I'm sure trading curbs will be implemented shortly, then. |
And this will cause even more panic and further drop of indexes.
I can foresee funny situation, where governments are trying to "rescue" markets and buying shares using printed money.
All that could easily lead to renationalization.
Nevertheless, regardless what they do in short term, overall effect will take a form of closing down large sectors of industry, perhaps most of industry, and allowing workers to enjoy angling. |
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Troyboy1208
Intermediate Crude
Joined: Apr 26, 2006
Posts: 504
Location: Orlando FL
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| Posted: Tue Jan 15, 2008 11:33 am Post subject: Re: Stock Markets in freefall |
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| That link is dead...and I cant get MSNBC.com to come up |
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Revi
Fusion
Joined: Apr 25, 2005
Posts: 3112
Location: Maine
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| Posted: Tue Jan 15, 2008 11:35 am Post subject: Re: Stock Markets in freefall |
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Ouch! My ESLR stock is down by about 2 dollars just today! I guess I won't be retiring after all... On the other hand, silver is up 13 cents.
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Deep in the mud and slime of things, even there, something sings. |
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EnergyUnlimited
Fission
Joined: May 15, 2006
Posts: 2989
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| Posted: Tue Jan 15, 2008 11:38 am Post subject: Re: Stock Markets in freefall |
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| Bas wrote: | | "just" 2 to 3% losses, we've seen plenty of days like this before in the past 6 months... |
My personal belief is that we are unlikely to see a crash aka 10% (maximum permissible?) drop in a single day.
Market collapse will rather take a form of long bear market with sequences of drops and incomplete recoveries.
It may go this way for quite a long time measured in years but never take form of a cliff. |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6284
Location: Oil-addicted Southern Californucopia
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| Posted: Tue Jan 15, 2008 12:48 pm Post subject: Re: Stock Markets in freefall |
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The Dow is only down 213 at the moment. Could be much worse, considering what's going on.
We'll see where we are at the end of the week. The potential for a real bloodbath is there, of course, but it may not be as bad as we fear it could.
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Revi
Fusion
Joined: Apr 25, 2005
Posts: 3112
Location: Maine
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| Posted: Tue Jan 15, 2008 1:03 pm Post subject: Re: Stock Markets in freefall |
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Who knows, but I was hoping that solar stocks would outpace inflation. I guess it will be a while longer before the solar world comes about. I'm not giving up on them, though.
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Deep in the mud and slime of things, even there, something sings. |
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RdSnt
Light Sweet Crude
Joined: Feb 02, 2005
Posts: 1127
Location: Canada
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| Posted: Tue Jan 15, 2008 1:08 pm Post subject: Re: Stock Markets in freefall |
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If some of your investments are in solar cell manufacturers then I would recommend caution.
It is a very energy intensive industry and there is a severe shortage of high grade silica sand.
| Revi wrote: | | Who knows, but I was hoping that solar stocks would outpace inflation. I guess it will be a while longer before the solar world comes about. I'm not giving up on them, though. |
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Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
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Iaato
Intermediate Crude
Joined: Mar 12, 2007
Posts: 886
Location: As close as I can get to the beginning of the pipe.
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| Posted: Tue Jan 15, 2008 1:14 pm Post subject: Re: Stock Markets in freefall |
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| EnergyUnlimited wrote: | And this will cause even more panic and further drop of indexes.
I can foresee funny situation, where governments are trying to "rescue" markets and buying shares using printed money.
All that could easily lead to renationalization. |
Here's another link.
http://finance.yahoo.com/intlindices?e=europe
Wow. That's what happens when you throw bad money after bad money. Circular reasoning never got anyone anywhere.
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whereagles
Intermediate Crude
Joined: Aug 17, 2005
Posts: 576
Location: Portugal
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| Posted: Tue Jan 15, 2008 3:19 pm Post subject: Re: Stock Markets in freefall |
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| Stockmarkets were in for a sizeable correction anyway. The subprime only triggered it. Expect to go like this for a while. |
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Tyler_JC
Moderator
Joined: Sep 25, 2004
Posts: 4416
Location: Boston, MA
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| Posted: Tue Jan 15, 2008 4:27 pm Post subject: Re: Stock Markets in freefall |
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Gotta look at the big picture folks.
The Dow lost nearly 90% of its value between 1929 and 1932.
The S&P, a better measure of the value of the stock market, declined by about 40% during the dot-com collapse.
We are no where close to those levels.
A 2% fall in one day is hardly a "free fall" and a 10% correction over the course of a few months is neither unusual nor unexpected.
The hyperbole on this website harms our credibility. (No offense to the poster who made this thread, I'm just trying to get people to focus on the big picture)
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Niagara
Heavy Crude
Joined: Aug 17, 2006
Posts: 426
Location: Mt. Hubbert Scenic Lookout
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| Posted: Tue Jan 15, 2008 4:30 pm Post subject: Re: Stock Markets in freefall |
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To quote Bachman Turner Overdrive:
"B-b-b-b-b-baby you ain't seen nothin' yet!"
Intel disappointed. It's a total bloodbath in the after hours market, the stock is down $3.50.
Tomorrow should prove to be an "interesting" open  |
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UncoveringTruths
Intermediate Crude
Joined: Nov 04, 2004
Posts: 851
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| Posted: Tue Jan 15, 2008 4:35 pm Post subject: Re: Stock Markets in freefall |
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| Tyler_JC wrote: | Gotta look at the big picture folks.
The Dow lost nearly 90% of its value between 1929 and 1932.
The S&P, a better measure of the value of the stock market, declined by about 40% during the dot-com collapse.
We are no where close to those levels.
A 2% fall in one day is hardly a "free fall" and a 10% correction over the course of a few months is neither unusual nor unexpected.
The hyperbole on this website harms our credibility. (No offense to the poster who made this thread, I'm just trying to get people to focus on the big picture) |
Are you trying to convince yourself of something? Even when the stock market tries to make a comeback oil will be over a $100 a barrel in a microsecond beating it back down. So I see us making a few blips down one blip up so on and so forth forever or until we might find a new liquid fuels energy source.
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It's a cold cold world when a man has to pawn his shoes. |
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