Markets open in 5 mins. Waiting for the bad news.

What is your business? Unless I'm blind I don't think I've realized what it is. Unless it's this.

 

Interesting that the deal was $700 BN, and after the Dow closed it was down 7% at -777.7 points

Spooky eh ;-)

Are you saying ANOTHER 5% down, so -13% or up +2% on close yesterday?

 

Actually, I meant 'late'. As in the drop came 4 days late. Same difference.

As for playing the markets. I don't play in the least. It's still worth investing though.

 

Inflation needs to drop and with a bailout of that magnitude if they pass another version of it will only keep or increase the inflation.

 

I'm waiting until real state goes down so much that you'll be able to buy houses in NYC with monopoly money

 

Pawn shop, I believe.

 

No. Porn peddling.

 

Markets rallied again today after the senate brought the same bailout back to life. Personally I don't like the idea of giving rich people all that money, just praying that people who know more than me are making the right decisions, fighting for some principals out there, etc.

Oh yeah, in the mean time...

 

Some people do. Reagan served 2-terms, after all.

 

You know whats funny? that the actual indicators aren't as bad as those of the 2000 bubble.

Guess nerds cant yell like the girls at wall street...

 

That cartoon sure places a lot of power on single individuals in so far as the economy.

Completely ignores the actual market, industries, technology, the weather, Congress, the Senate, etc. etc. etc.

 

But they're the ones who pass the spending bills .

 

Maybe if the Fed would stop printing so much fucking money the inflation would slow at least a little bit, the bastards.

 

Fun fact!


You guys want to know where the bailout bill is going to get the $700 billion dollars?


FROM THE BANKS THE GOVERNMENT IS BAILING OUT! And they are going to charge interest.

And with a loan of $700 billion, this means the Federal Reserve is going to print even more money.

Dollar is about to be worth less than a peso. :banghead:

The economy is reliant on far more than the presidents' spending bills though. I mean, throughout the '90s the computer industry was booming and we had fairly mild winters, keeping the price of oil down. It wasn't because Bill Clinton was so great that the economy was good back then, the only Bill we should be thanking is Mr. Gates.

Also, the deficit didn't get whisked away until 1994 when the Republicans took over the House.

 

Which dollar, and which peso?

But seriously, a lot of countries use the term "peso" and in some is not as worthless as in others...

Anyway, gas prices these days has a lot to do with rampant speculation, oil companies investing less in exploration, and many refineries being shut down.

That and the oil barrel at $14 during the 90s had a lot to do with cheap gas back then.

 

If one more person on the radio uses the expression "Wall Street and Main Street" I'll cry.

 

Damn!

Dollar currency a month ago -> 1 dollar = 1,56 Reais
Dollar currency now -> 1 dollar = 2,16 Reais

Ibovespa today = -11,17%

And it's not our f*cking problem!

 

worse things have happend.

I don't know how many of you are old enough to remember Black Monday?