Stock Markets Plunge Worldwide

#26
#26
droski said:
then why not wait till next week to do it?
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no doubt that doing it today was an effort to stem today's bloodbath, but the 75 bps was already a done deal. heck, now he has the option of another quarter next week.
 
#30
#30
I feel bad for older people especially who don't have enough funds in their retirement to weather the storm.
 
#31
#31
utfantilidie said:
I feel bad for older people especially who don't have enough funds in their retirement to weather the storm.
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I really hope that people who are that close to retirement have asset allocation that shields them from this sort of volatility...if not, then their brokers/companies haven't advised them very well. Ideally, they would only take a small hit from this if properly protected.
 
#32
#32
We're doomed.......we have outsourced to the point that it is impossible to buy domestic. That will continue to weaken the dollar. We have traded high paying factory jobs for lower paying service jobs. Americans can not continue to spend at the current rate because a large portion of us are in debt up to our eyeballs and beyond. When the spending stops, the Chinese, Indian and other economies that we have developed to produce our goods will take a huge hit.

Foreign investors will refuse to float our debt because the rate of return stinks due to the rate cuts and the fact that they are investing in a weak currency. Stock prices will drop as everyone flees to quality.

This will not be a fall off the cliff type event but rather a painful, slow death spiral.
 
#34
#34
Plano Vol said:
We're doomed.......we have outsourced to the point that it is impossible to buy domestic. That will continue to weaken the dollar. We have traded high paying factory jobs for lower paying service jobs. Americans can not continue to spend at the current rate because a large portion of us are in debt up to our eyeballs and beyond. When the spending stops, the Chinese, Indian and other economies that we have developed to produce our goods will take a huge hit.

Foreign investors will refuse to float our debt because the rate of return stinks due to the rate cuts and the fact that they are investing in a weak currency. Stock prices will drop as everyone flees to quality.

This will not be a fall off the cliff type event but rather a painful, slow death spiral.
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:cray: where's the nearest bridge?
 
#35
#35
Valuations are way too cheap for a massive drop in the market IMO. Though judging by the fact that most of my calls are from clients asking if this is a bottom, i'm a little concerned this could keep going.
 
#36
#36
droski said:
Valuations are way too cheap for a massive drop in the market IMO. Though judging by the fact that most of my calls are from clients asking if this is a bottom, i'm a little concerned this could keep going.
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That's what I thought when I picked up some more "C" @ $27.00. & "GOOG" @ $590.00 :banghead2:
 
#37
#37
droski said:
Valuations are way too cheap for a massive drop in the market IMO. Though judging by the fact that most of my calls are from clients asking if this is a bottom, i'm a little concerned this could keep going.
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Depends on what you base your valuations on. If it's P/E ratio...........
 
#38
#38
P/E is near historical lows unless you include the banks i suppose due to the write-offs. But most of the banks are near all time lows in price to book.
 
#41
#41
I just wanted to make a random post because I feel bad for the Politics forum - it has been extremely dead the last few days...especially today.
 
#42
#42
ha ha, I guess the Clinton-Obama fued is wearing thin? and the stock market came back up today so not much to complain about.
 
#44
#44
Fed 1/2 point cut and 1/2 point cut for the Discount window, Interesting. And the dollar drops again. Blah
 
#46
#46
The sky is not falling. Yes, we're probably headed of a nasty recession, but it's not going to last forever. Bear markets are when you want to snatch up as many under-valued stocks as you can!
 
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