Stock Markets On Monday, page 1

reply to post by MatrixBaller04

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It will be mixed. Financial stocks like Goldman, and Morgan, as well as some regular commercial banks holding MBS are gonna get a free-ride up, due to the taxpayer-bail out.

That doesn't mean that things are peachy, the construction sector is being decimated, new construction has virtually halted, earnings are down, unemployment is going up, homes have to still come down in prices as well as the rate of foreclosure going up, expect the dollar to still go down, inflation is on the rise.

Friends, what happens tomorrow actually means very little, this is a recession, we are only seeing the beginning stages.



[edit on 21-9-2008 by Gateway]

reply to post by MatrixBaller04

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Why would you want to sleep all day tomorrow? Do you go to school or do you have a job?

I believe we'll know what the market is going to do rather early in the day.
That is unless we have another earth shaking event to happen over night or tomorrow.

reply to post by inthesticks

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I agree with you. I need some more time to get up canned foods and what not. I know the dollar will be worth nothing, so I'm relying on food as a source of trade, worse case scenario. My husband on the other hand.. He feels like he needs an artillery for protection. I like to believe that if this really does get that bad that Americans will be willing to go back to the barter system and try to help each other out as much as possible. He has no faith in humanity anymore.. Maybe I'm a sucker. Who knows.

Originally posted by KaginD
reply to post by inthesticks

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I agree with you. I need some more time to get up canned foods and what not. I know the dollar will be worth nothing, so I'm relying on food as a source of trade, worse case scenario. My husband on the other hand.. He feels like he needs an artillery for protection. I like to believe that if this really does get that bad that Americans will be willing to go back to the barter system and try to help each other out as much as possible. He has no faith in humanity anymore.. Maybe I'm a sucker. Who knows.

Are people honestly getting that worried over there?? Are many people doing these things or are you being overly pessimistic?

reply to post by Dermo

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No, I am hoping things will clear up and go back to normal. If not, I will turn to food as a source. My husband on the other hand, I think the word you are looking for is over paranoid. Big time.

reply to post by inthesticks

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Unfortunately, most sheep in this country believe the health and direction of the economy can be judged by the direction of the stock market. It is like walking into a full casino and believing that the economy is great because there are no open slot machine seats........

The institutional investors make money off of the pain and suffering of the average american citizen.

Originally posted by KaginD
reply to post by Dermo

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No, I am hoping things will clear up and go back to normal. If not, I will turn to food as a source. My husband on the other hand, I think the word you are looking for is over paranoid. Big time.

I think he means are people actually stocking up on food and guns.

And yes...If you are a member of ATS. No one else knows about the impending doom...that is to say if there even is impending doom.

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