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Spanktron9
Heavy Crude
Joined: Jun 03, 2008
Posts: 190
Location: Terrified beyond the capacity for rational thought
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 Posted: Thu Oct 09, 2008 3:30 pm Post subject: Re: Crashing? |
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| jasonraymondson wrote: | | Olaf wrote: | I believe I've just watched the house I was planning to build next year disappear in a puff of smoke.
Folks that jest about this can go Fark themsleves. This is not a game. |
uhm dummy.. how long have you been on this site now? We all knew this was coming, if you had everything tied up in stocks... then you are a MORON!!!! I convinced my dad last year to take everything he had out of stocks because of this website.
He called last night and told me he was glad he listened. That is the closest my dad has ever come to saying he was proud of me. If you didn't believe the information on this site, then why are you here!!! |
I had a similar situation with my Dad. I am in finance and back in February, I told him to get out of financials. He didn't listen. I told him again in May. He didn't listen. In July he moved his money to me, and said "You were right, that was a smart move. I should have listened." Same feeling. Closest he ever came in 39 years of ever saying he was proud of me. Probably the closest I will get.
_________________
Who are you going to turn to when all the crazy Peak-oil doomers end up being right? |
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threadbear
Expert
Joined: Jan 22, 2005
Posts: 7763
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| Posted: Thu Oct 09, 2008 3:34 pm Post subject: Re: Crash |
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| retiredguy wrote: | | They finally used the "C" word on CNBC this afternoon. |
Cannibalism?  |
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threadbear
Expert
Joined: Jan 22, 2005
Posts: 7763
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| Posted: Thu Oct 09, 2008 3:39 pm Post subject: Re: Crashing? |
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| jasonraymondson wrote: | | Olaf wrote: | I believe I've just watched the house I was planning to build next year disappear in a puff of smoke.
Folks that jest about this can go Fark themsleves. This is not a game. |
uhm dummy.. how long have you been on this site now? We all knew this was coming, if you had everything tied up in stocks... then you are a MORON!!!! I convinced my dad last year to take everything he had out of stocks because of this website.
He called last night and told me he was glad he listened. That is the closest my dad has ever come to saying he was proud of me.
If you didn't believe the information on this site, then why are you here!!! |
Jason, The reason I've been pitching a fit on this forum for the last year, is because so many people here DID get rid of most of their stock but doubled and tripled up on their oil shares. NOT a good idea, but I'll refrain from ranting on again. |
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Gebari
Tar Sands
Joined: Jun 29, 2008
Posts: 88
Location: Great Britan
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| Posted: Thu Oct 09, 2008 3:42 pm Post subject: Re: Crashing? |
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 by Christmas at this rate. |
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Minvaren
Heavy Crude
Joined: Sep 25, 2005
Posts: 121
Location: Planet Houston
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| Posted: Thu Oct 09, 2008 3:46 pm Post subject: Re: Crash |
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| Cashmere wrote: | | AlCzervik wrote: | | The '87 crash was 25% in one day. We are nowhere near that. Luv, M$M pundits |
25% in one day. 25% in 7 days. A distinction without a difference. |
They kill trading for the day at a 10% drop now, if I recall correctly. So a 25% correction/crash/clusterf*ck would take 3 days minimum to occur now, presuming no dead cats around. |
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heroineworshipper
Intermediate Crude
Joined: Jul 14, 2006
Posts: 734
Location: Calif*
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| Posted: Thu Oct 09, 2008 3:51 pm Post subject: Re: Crashing? |
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Nov 5 is the end of the world. Election complete. No more bailouts. No more money. Paulson & Bernanke catch the last flight to antarctica. McCain & Ubacka take the escape pods to Canadia. Congress hides in the WV bunker. Dubya wanders around looking for a beer.
_________________
People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions. |
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fullerine
Tar Sands
Joined: Oct 08, 2008
Posts: 96
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| Posted: Thu Oct 09, 2008 3:52 pm Post subject: Re: Crashing? |
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My neighbor thanked me for making his million. I told him in 2000 to go to euros.
In just told my friend to get out of euros, stocks and everything else now.
He didn't even question me this time. |
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emeraldg40
Heavy Crude
Joined: May 24, 2008
Posts: 196
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| Posted: Thu Oct 09, 2008 4:00 pm Post subject: Re: Crashing? |
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| Can this in anyway be a change for the good? Why are we not in the streets with our signs? The last good march was the illegals who I might say have a hand in this mess with their foreclosures. Sleepy nation, prozac nation......... |
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Jotapay
Intermediate Crude
Joined: Jun 21, 2008
Posts: 642
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| Posted: Thu Oct 09, 2008 4:01 pm Post subject: Re: Crashing? |
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| emeraldg40 wrote: | | Can this in anyway be a change for the good? |
If it makes bankers leap from high windows, sure. |
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Buggy
Heavy Crude
Joined: Jun 23, 2008
Posts: 149
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| Posted: Thu Oct 09, 2008 4:08 pm Post subject: Re: Crashing? |
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| frankthetank wrote: | | Down almost 700... I feel sorry for you investors. Sometimes its not so bad being poor. |
Here here! I don't have a shirt to lose!
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We are so screwed. |
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Last_Laff
Heavy Crude
Joined: Sep 16, 2006
Posts: 261
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| Posted: Thu Oct 09, 2008 4:12 pm Post subject: Re: Crashing? |
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| heroineworshipper wrote: | | Nov 5 is the end of the world. Election complete. No more bailouts. No more money. Paulson & Bernanke catch the last flight to antarctica. McCain & Ubacka take the escape pods to Canadia. Congress hides in the WV bunker. Dubya wanders around looking for a beer. |
Wow, that's sharp! Did you just jab your needle directly in your brain instead of the usual places? That sure give you an enhance thought dude.
_________________
"Panic is not a strategy." - BigTex |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6684
Location: Oil-addicted Southern Californucopia
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| Posted: Thu Oct 09, 2008 4:17 pm Post subject: Re: Crashing? |
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This guy probably knows what he's talking about. That's not good, because you can't like what he's saying:
Is this the start of another Great Depression?
| Quote: | Every time the economy and stock market turn down, financial historians get predictable calls from reporters.
Could this be the start of another Great Depression? Could "it" possibly happen again? My stock answer has always been no.
The Great Depression resulted from a series of economic and financial shocks -- the end of a housing bubble in 1926 and the end of a high-tech bubble in 1929 -- but also from truly breathtaking neglect and incompetence on the part of policymakers.
It couldn't happen again precisely because policymakers know this history. Fed Chairman Ben Bernanke is a student of the Great Depression. Treasury Secretary Henry Paulson remembers the mistakes of Andrew Mellon, Herbert Hoover's treasury secretary.
We can be confident, I always answered, that there will not be another Great Depression because policymakers have read financial histories like mine. At least that was my line until recently. Now I have stopped taking reporters' calls. |
_________________
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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Olaf
Heavy Crude
Joined: Sep 09, 2004
Posts: 410
Location: Upstate New York, U.S.A.
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| Posted: Thu Oct 09, 2008 4:56 pm Post subject: Re: Crashing? |
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| smallpoxgirl wrote: | | Olaf wrote: | | I believe I've just watched the house I was planning to build next year disappear in a puff of smoke. Folks that jest about this can go Fark themsleves. This is not a game. |
There's no sense getting all freaked out about it. What's gonna happen is gonna happen. Any psychologist will tell you that people laugh as a way of relieving tension. It's the reason that soldiers and medical people are always telling morbid jokes. If people around here can't joke about this stuff, they're gonna have a stroke or go postal or something. I seriously doubt anyone fails to understand how serious this is. Well...maybe Lorenzo. He's pretty clueless, but the rest of us get it. |
You are right. I'm having a very bad day.
_________________
"I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived." - Henry David Thoreau |
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Farmboy
Coal
Joined: Jun 25, 2007
Posts: 11
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| Posted: Thu Oct 09, 2008 5:40 pm Post subject: Re: Crashing? |
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| The only thing is this doesn't seem to have anything to do with peak oil. The guys at housingbubbleblog have been predicting this for years just like people on this site and they aren't peak oilers. Do you really believe 4.50 gasoline brought down the financial system? I don't think so. |
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heroineworshipper
Intermediate Crude
Joined: Jul 14, 2006
Posts: 734
Location: Calif*
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| Posted: Thu Oct 09, 2008 5:48 pm Post subject: Re: Crashing? |
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It's like fiction. Are the banks going to foreclose on everyone because their property is worth 10% of their loan? Are we going to wake up bald? Are cats & dogs going to live together?
_________________
People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions. |
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