It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Stocks Stomped in Financial Freefall

page: 6
17
<< 3  4  5    7  8  9 >>

log in

join
share:

posted on Oct, 9 2008 @ 03:49 PM
link   
reply to post by infinite
 


What do you think could stop further losses like this?

Personally, I'm not sure much can at this point. I think the market needs to complete the cycle and clear out the deadwood, and anything Hank & Friends try to throw at it will be temporary at best.




posted on Oct, 9 2008 @ 03:50 PM
link   
For the record, it would be great to get these companies off credit, at least to the extent they are dependent upon it.

Pushing them off the proverbial cliff, not the solution. By trying to literally cut off all the major businesses from their credit flow in a matter of a week, is the equivalent of performing brain surgery with a hachet.



posted on Oct, 9 2008 @ 03:50 PM
link   
reply to post by The Axeman
 


Don't bailout the banking sector and we are back to the 19th Century. I'm not joking either.

The collapse of the Western financial world will occur if we do not deal with the assets and start socialising the banks themselves.



posted on Oct, 9 2008 @ 03:51 PM
link   
reply to post by grimreaper797
 


I respect that you believe that, but I don't share your faith in this bailout. I think a depression is going to happen with or without the bailout. They may have just put it off for a bit, but I feel it will still happen.

Today just reinforced that belief for me.



posted on Oct, 9 2008 @ 03:52 PM
link   
Seems like a week ago someone on here told me i didn't know what i was talking about. Hmmm maybe he should have listened to me then he wouldn't be scratching his head losing money in this market. it won't be much longer and all the banks will implode. they are taking heavy losses right now with all that Sh#t Mortgage paper sitting on their books.


the bailout bill according to paulson will not show any signs of helping the economy for 6 weeks. BY the time He says the bill should start helping there won't be a market left. The dow will reach ZERO just before the bailout should have helped!

maybe next time people will listen to someone who is on the outside looking in calling it as he sees it



posted on Oct, 9 2008 @ 03:52 PM
link   
reply to post by infinite
 


Essentially, and unfortunately, this is the truth.

Trying to stop a problem that has had years to gain momentum with a brick wall is not a good idea. Saying cut these banks off, let them fall, is the brick wall. We are passengers of the banks and big business.

You aren't driving, but if they get in a car accident at 200mph, guess what happens to you.



posted on Oct, 9 2008 @ 03:53 PM
link   
reply to post by grimreaper797
 


They are tumors IMO & they deserve to be chopped off. Sorry, but I hate what they have caused for my family & every other family.



posted on Oct, 9 2008 @ 03:54 PM
link   
reply to post by anachryon
 


The stock market cannot be saved, it must now correct itself and it will in time. We cannot help it.

However, the real economy can still be saved. Socialise the financial sector, underwrite new loans for 18 months and banks will start to lend within a few months. Government has no choice but to enter the market, we did it back in the 1930s and we have to do it again.

There is still time to avoid the Second Great Depression.



posted on Oct, 9 2008 @ 03:54 PM
link   
reply to post by grimreaper797
 


*shock*

Maybe it would prompt people to look into CHANGES TO THE MONETARY POLICY of this country? Hm?

You can't put out a fire with gasoline.

You can't fix this problem by propping up the system that caused the problem in the first place.

Depression/collapse of the system is INEVITABLE. I'd rather it be now and deal with the fallout than leave that to the children to deal with.

That's what's been done to us; I, for one, want it STOPPED.

What really bothers me? The truly diabolical part of all of this? It was INTENTIONAL on the part of those who stand to benefit the most, and it's been in motion for nigh on 100 years now... the Great Depression was a movie trailer... now we're about to see the feature presentation and it is my opinion that all the bleating in the world won't stop it.

Eventually, the system will collapse. Today? Tomorrow? I don't know. What I DO know, is the longer it is propped up and put off, the worse it will be for EVERYONE.

Thanks for the star.


Care to take a guess at who it will be that benefits? Sure as hell ain't me.

[edit on 10/9/08 by The Axeman]



posted on Oct, 9 2008 @ 03:54 PM
link   
reply to post by Mercenary2007
 


I didn't lose money, and I expected this to happen either way. Luckily the bailout passed, so its a bottom of 7500, not unimaginable lows, like multiple quaters of no government action would have meant.

You still dont know what you are talking about, btw.



posted on Oct, 9 2008 @ 03:55 PM
link   

Originally posted by infinite
I have another interesting historical fact:

This is the worst stock market slide since 1937, we are not far off the 1929 levels. Heaven forbid, another week of this would be very, very alarming.


And another great historical fact! Both of the last two great crashes (or downturns, however you want to look at them) have happened during the REIGN of this administration. Nice. And they want to keep padding the wallets of the super rich at the cost of our sweat. What a joke.



posted on Oct, 9 2008 @ 03:55 PM
link   

Originally posted by Willbert
Dow Jones +27.00 8625.00 10/9 4:31pm

Well good news it stopped dropping for now.

Gold only rallied up an additional $24. Not really enough to absorb the losses from the DOW. I'm wondering where did all those billions/trillions go?


Not sure where you are looking but!
Dow -678.91 8579.19
Gold -$20
On market watch.



posted on Oct, 9 2008 @ 03:57 PM
link   
reply to post by lynn112
 


Yeah, medical advancements the world has never seen, food production that would shame our grandfathers, standard of living that nobody would have thought possible.

Your standard of living, is all because big business. They are the ones that funded the research, put in the massive amounts of money needed to mass produce the product for cheap costs.

You are biting the hand that feeds you, in every way.



posted on Oct, 9 2008 @ 03:58 PM
link   
ever wonder why the "experts" won't say we have been in a recession for months now? they are scared to admit it.

Yesterday the fed dipped into the depression play book saying they would lend directly to companies bypassing the banks. the fed also cut the interest rate. now the question is the depression play book says to drop the rate to as close to zero as you feel comfortable. my question is will we see the fed drop the rate to .25 or lower?



posted on Oct, 9 2008 @ 03:59 PM
link   
reply to post by grimreaper797
 


bottom of 7500 huh? keep telling yourself that but we'll see who's right

[edit on 10/9/2008 by Mercenary2007]



posted on Oct, 9 2008 @ 03:59 PM
link   
Just wanted to post some facts.

History of the Dow Jones Industrial Average

The first DJIA was published in 1896 - 40.94 points

There are ups and downs from then to Sept. 3 1929 when it closed at 381.17

Over the course of 4 years it dropped to its low of 41.22 on July 8, 1932. An 89.19% drop over 4 years.

Over time, the market went up. In 1995 it closed at 5023.55 - a new high record at the time.

*We have lost 5,585.34 points so far this year*

It continued to go up reaching 11,500 points in 2000. Only to fall 38% over a 2 year period of time.

It bounced back.

One year ago today the market closed at 14,164.53

In only one years time, our market has fallen 40% (as grim pointed out on the first page)

The big plunge in the 80's was only 22.6%.



posted on Oct, 9 2008 @ 04:00 PM
link   

Originally posted by grimreaper797
reply to post by infinite
 


Essentially, and unfortunately, this is the truth.

Trying to stop a problem that has had years to gain momentum with a brick wall is not a good idea. Saying cut these banks off, let them fall, is the brick wall. We are passengers of the banks and big business.

You aren't driving, but if they get in a car accident at 200mph, guess what happens to you.


Unfortunately, this is exactly right. These criminals have gotten away with this because they knew that it would be too big for the governments of the world to allow them to fail. Now they get off scott free and we take on the debt.

I agree that the bail out was NOT good. I wish there would have been a little more time and thought put into it with ALL OF THE EARMARKS and PORK removed completely. Regardless, it had to happen. Sure, it may not be enough and the economy could completely crash and burn.

I tend to lean on the side of the reaper here though. It will bottom out at around 7500 but not much further. We will regain momentum (probably mid 2009) and all will be well. We just need to make damn sure this doesn't happen again.

No more 'talk' from our reps but some serious action is all that we want to see. Shut up in Washington and do your job!



posted on Oct, 9 2008 @ 04:01 PM
link   

Originally posted by saltfever
Not sure where you are looking but!
Dow -678.91 8579.19
Gold -$20
On market watch.


"GOLD" is a company name. You can check the spot gold prices at kitco.com

There was a big upward swing in gold price at the market closing, but if the Asian markets are down (that's a certainty), the gold price will keep going up overnight.



posted on Oct, 9 2008 @ 04:01 PM
link   
Depression and recessions will always occur, but the Great Depression occurred because the government and Fed allowed banks to fail and believed the market would correct itself - without a major crisis.

As we all know from school, the government of the day was wrong.

The banking crisis and deflation caused the Great Depression. After we've socialised and dealt with the banking sector, we can turn to deflation - and yes, it is coming in 2009.



posted on Oct, 9 2008 @ 04:02 PM
link   

Originally posted by The Axeman
*shock*

Maybe it would prompt people to look into CHANGES TO THE MONETARY POLICY of this country? Hm?


I can only hope that people take a new look on our system now, that obviously isn't working. I never said the system was good, I just called it how I see it.


You can't fix this problem by propping up the system that caused the problem in the first place.


Yes, but if you let the system completely collapse from under you, there won't be anything left to change or save.

This system is a large, unstable building. You are standing on the top floor yelling for it to collapse.



Depression/collapse of the system is INEVITABLE. I'd rather it be now and deal with the fallout than leave that to the children to deal with.


That is simply not true. It is avoidable.



Eventually, the system will collapse. Today? Tomorrow? I don't know. What I DO know, is the longer it is propped up and put off, the worse it will be for EVERYONE.


If the system crashes, it is only because of our own inaction to hold it up while we fix the problems it has. Like I said, we have a huge unstable building. Rather than putting up temporary support beams so that we can fix the instability of the building, you want it to be demolished...when you are still inside.



new topics

top topics



 
17
<< 3  4  5    7  8  9 >>

log in

join