Depression INC!

Winnow · Post by **Winnow** » October 6, 2008, 3:21 pm

for the world

DJIA down -675 9,650

Asian and Euros not faring any better.

Canelek · Post by **Canelek** » October 6, 2008, 4:58 pm

Sure hope they have not spent any of that 700billion yet--talk about an early loss!

miir · Post by **miir** » October 6, 2008, 5:06 pm

It'll finish over 10k... which is fine.
Not entirely unexpected.

Winnow · Post by **Winnow** » October 6, 2008, 5:16 pm

Nice comeback but finished @ 9955 -369

It'll probably bounce around 10K for awhile. Mini rally tomorrow.

Gzette · Post by **Gzette** » October 6, 2008, 7:19 pm

gas @ 2.89 for regular in Taylor, TX

Knarlz · Post by **Knarlz** » October 7, 2008, 5:14 pm

Winnow wrote:Nice comeback but finished @ 9955 -369

It'll probably bounce around 10K for awhile. Mini rally tomorrow.

-508.39 (-5.11%)
so much for the mini rally. 8k dow here we come!

Winnow · Post by **Winnow** » October 7, 2008, 6:56 pm

Knarlz wrote:
Winnow wrote:Nice comeback but finished @ 9955 -369

It'll probably bounce around 10K for awhile. Mini rally tomorrow.
-508.39 (-5.11%)
so much for the mini rally. 8k dow here we come!

Xyun · Post by **Xyun** » October 7, 2008, 7:26 pm

We don't need no water, let the motherfucker burn. Burn motherfucker, burn.

Gzette · Post by **Gzette** » October 8, 2008, 7:07 pm

UK: $692 billion bailout

http://news.bbc.co.uk/2/hi/business/7658277.stm

Russia: $200 billion? bailout

http://www.bloomberg.com/apps/news?pid= ... ast_europe

Spain: $68.5 billion bailout

http://www.upi.com/Business_News/2008/1 ... 223468294/

Germany: $69 billion bailout

http://ap.google.com/article/ALeqM5j5U- ... AD93KKNR00

Iceland: OH SHIT WE'RE BANKRUPT (guess a Bjork-based economy didnt work out)

http://www.forbes.com/markets/2008/10/0 ... ets28.html

Winnow · Post by **Winnow** » October 8, 2008, 8:30 pm

Well lets see...

How's the One Year chart looking for the DJIA?

The five year chart?

Ten Years?

Easy to see it possibly heading to 8K before things get better.

Next ten year pattern might look more like 1928-1938.

Winnow · Post by **Winnow** » October 9, 2008, 4:32 pm

Fun times ahead!

Fairweather Pure · Post by **Fairweather Pure** » October 9, 2008, 4:34 pm

My wife just got a 401k summary and she lost over 10k in the last 10 months.

Mine is doing much better, but we're still losing a shitload more than we're gaining!

cadalano · Post by **cadalano** » October 9, 2008, 4:36 pm

what? free soup and donuts?

lets get this depression started!!

miir · Post by **miir** » October 9, 2008, 4:50 pm

Down 600... I think I'm gonna barf.

Canelek · Post by **Canelek** » October 9, 2008, 4:53 pm

And here I am, safely tucked away in the stable financial industry. Woot, suckas!

Today at 03:55pm ET (delayed )
MER 13.40 -4.58
DJIA 8786.35 -471.75
S&P 500 929.26 -55.68
NASDAQ 1676.51 -63.82
FTSE 100 4313.80 -52.89
NIKKEI 9157.49 -45.83
HSI 15943.24 511.51

Aardor · Post by **Aardor** » October 9, 2008, 4:58 pm

Is Winnow applying his curse to the depression by predicting it?

Winnow · Post by **Winnow** » October 9, 2008, 5:02 pm

Look at General Motors today:

Major stock down 30% in one session. Nasty. Lost half its value in five days.

Gzette · Post by **Gzette** » October 9, 2008, 5:03 pm

It's times like these that I'm glad I've been fiscally irresponsible.

seriously though, i feel for you guys who are getting hit hard right now. let's hope we bounce back soon.

Winnow · Post by **Winnow** » October 9, 2008, 5:04 pm

Fairweather Pure wrote:My wife just got a 401k summary and she lost over 10k in the last 10 months.

Mine is doing much better, but we're still losing a shitload more than we're gaining!

She probably already lost that same amount in the past month again.

Soreali · Post by **Soreali** » October 9, 2008, 5:23 pm

Down another 700 points today... yaaaayyyy

Spang · Post by **Spang** » October 9, 2008, 6:16 pm

Hugh Hefner also lost one of his girlfriends.

Canoe · Post by **Canoe** » October 9, 2008, 6:18 pm

I've lost $25,000 in the past two weeks (and I'm only in Mutual Funds, and not real aggressive ones at that).

I'm sure there are many others here that have been much worse off, but to lose 30% of my portfolio so fast - scary shit.

Winnow · Post by **Winnow** » October 10, 2008, 8:43 am

pre market indicates DJIA down another -179, 8424

http://www.cnbc.com/id/17689937/

That could change but it's not looking good for Friday.

World Markets are all down big:

http://www.cnbc.com/id/15921552/

edit:

in five minutes that pre market DJIA dropped 20 more points: -197.19 8404.0

edit: -225

We could see -1000 drop today. Hope for the Winnow curse and that I'm wrong. Bush is going to speak ~10 EST which doesn't help things.

Edit 3:

-361.19 8240.0 pre market with 20 mins to go.

World markets are down 9-11% today if that's any indication. Japan's biggest one day loss since the 1987 crash.

Winnow · Post by **Winnow** » October 10, 2008, 11:16 am

Capitulation!

DJIA dipped under 8K right at the opening -700 and now it's flirting with positive gains.

Need the market to stabilize first and then go up.

miir · Post by **miir** » October 10, 2008, 11:19 am

Just stuff a sock in it for a few days, Winnow.... pleeeease.

Winnow · Post by **Winnow** » October 10, 2008, 11:36 am

Bush spoke. We're screwed!

Gzette · Post by **Gzette** » October 10, 2008, 4:49 pm

after being down 700, its now only down 20, but there's still an hour left. anything could happen! There was more than 1,000 point swing today with a high at 8,900 and low in the 7,800s. Fun Friday!

Aslanna · Post by **Aslanna** » October 13, 2008, 5:03 pm

Markets all green today. Dow up nearly 950. Would be nice if this could go on for a few days!

Forthe · Post by **Forthe** » October 13, 2008, 5:44 pm

Aslanna wrote:Markets all green today. Dow up nearly 950. Would be nice if this could go on for a few days!

It could. And the unlikely hero seems to be Gordon Brown.

Canelek · Post by **Canelek** » October 13, 2008, 5:58 pm

DJIA has the biggest points day ever. That certainly is encouraging. Hopefully, today (and especially the closing bell rally) are a sign of things to come.

Winnow · Post by **Winnow** » October 13, 2008, 9:26 pm

It's nice but I hope it settles down with some smaller gains. I'd be nice if it would stabilize close to the 10K mark. Liked seeing it finish strong into the close. A couple days of crazy gains will result in a profit taking day at some point. Stabilize!

Aslanna · Post by **Aslanna** » October 15, 2008, 5:49 pm

Disregard my previous post.. Depression inc!

Canelek · Post by **Canelek** » October 15, 2008, 6:26 pm

Likewise...

Wer'Fucked!

Siji · Post by **Siji** » October 16, 2008, 12:49 am

For all of you that voted for Bush:

Fuck you.

Boogahz · Post by **Boogahz** » October 16, 2008, 1:03 am

Siji wrote:For all of you that voted for Bush:

Fuck you.

oh, and I never voted for Bush. Not even for Texas Gov.

Kilmoll the Sexy · Post by **Kilmoll the Sexy** » October 16, 2008, 10:15 am

Siji wrote:For all of you that voted for Bush:

Fuck you.

You do realize that blaming Bush for this makes you one of the biggest idiots on the planet? Oh...never mind....you and the rest of your Bush hating ilk need someone to blame to make yourself feel better.

valryte · Post by **valryte** » October 16, 2008, 10:37 am

You do realize that blaming Bush for this makes you one of the biggest idiots on the planet? Oh...never mind....you and the rest of your Bush hating ilk need someone to blame to make yourself feel better.

It's true, not one single person could cause all the crap that's happened/happening.

It's more like...

Fuck Bush, Cheney, Rumsfeld, Phil Gram, CEO's of Fannie Mae, Freddie Mac, AIG, Lehman Brothers, etc...they each played their parts in this perfect storm of a financial collapse.

Aabidano · Post by **Aabidano** » October 16, 2008, 10:59 am

Fuck greedy shareholders, greedy\unscrupulous CEOs, boards of directors and their lobby groups

Fixed. These jerkwads all thought they'd be able to keep passing the buck to the next rube before the floor fell out.

I'm not defending Bush & Co. any way, I think they're one of the most damaging and probably criminal administrations we've had. But expecting him to have staved off this debacle is totally unrealistic given the way our government actually operates. I do blame overly idealistic Republicans for initially setting up the scenario that allowed this to happen, with collusion from the Democrats who don't seem to have had any issue until things went down the toilet. They've been told this was coming for years and the messengers have been consistently shot at all levels.

Spang · Post by **Spang** » October 16, 2008, 12:50 pm

I wish Clinton was president again. We may have gotten attacked a lot, but at least we had money!

Gzette · Post by **Gzette** » October 16, 2008, 3:27 pm

Clinton was one of the bigger proponents of deregulation. He's one of the reasons we're at where we are now.

Kilmoll the Sexy · Post by **Kilmoll the Sexy** » October 16, 2008, 4:10 pm

valryte wrote:
You do realize that blaming Bush for this makes you one of the biggest idiots on the planet? Oh...never mind....you and the rest of your Bush hating ilk need someone to blame to make yourself feel better.
It's true, not one single person could cause all the crap that's happened/happening.

It's more like...

Fuck Bush, Cheney, Rumsfeld, Phil Gram, CEO's of Fannie Mae, Freddie Mac, AIG, Lehman Brothers, etc...they each played their parts in this perfect storm of a financial collapse.

And lets not forget the role WorldCom and all the other asshole large companies played in the spiral downward that started in 1991. Bush has done plenty to fuck things up during his administration, but the economy in general he has done a good job on with the cards he got dealt. The sad thing is all of the shit was already in place to fail when he arrived and he will get the brunt of the shit that he had no part in creating.

Xyun · Post by **Xyun** » October 16, 2008, 4:30 pm

Kilmoll the Sexy wrote: the economy in general he has done a good job on with the cards he got dealt. The sad thing is all of the shit was already in place to fail when he arrived and he will get the brunt of the shit that he had no part in creating.

Clinton spent his entire administration fixing Reagan/Bush1 budgets and you accuse him of ....

Let me ask you this, what did the national budget look like in the year 1992 and whose fault was that?

Spang · Post by **Spang** » October 16, 2008, 4:51 pm

Kilmoll the Sexy wrote:The sad thing is all of the shit was already in place to fail when he [Bush] arrived and he will get the brunt of the shit that he had no part in creating.

Was there no way for him and his cabinet to prevent this economic crisis from happening within these past eight years? The United States of America is a major corporation and George W. Bush is the fucking CEO. He is responsible for this shit, and I base this on absolutely nothing.

Nick · Post by **Nick** » October 17, 2008, 4:17 am

Why is anyone trying to argue with Kilmoll? He's a renowned moron who does little but occasionally pop up and post total nonsense whilst desperately trying (and failing miserably) to look like anything other than the right wing lunatic that he actually is.

Xyun · Post by **Xyun** » October 17, 2008, 5:10 am

Nick wrote:Why is anyone trying to argue with Kilmoll? He's a renowned moron who does little but occasionally pop up and post total nonsense whilst desperately trying (and failing miserably) to look like anything other than the right wing lunatic that he actually is.

What to you is far right in America today is the moderate right wing because America as a country has been moving to the right for a decade. The other day I watched Pat Buchanan complain that in order to maintain his lead, Obama is moving towards the center, but Keith Olbermann corrected him by stating that the center is moving towards Obama.

Soreali · Post by **Soreali** » October 17, 2008, 1:52 pm

Nick wrote:Why is anyone trying to argue with Kilmoll? He's a renowned moron who does little but occasionally pop up and post total nonsense whilst desperately trying (and failing miserably) to look like anything other than the right wing lunatic that he actually is.

He made more of a contribution with his post than you did attacking him. He has as much of a right to think what he wants as you do. And by saying what he did, he continued this topic and got other people to respond to him. If you dont agree with what he said, then dont fucking agree with it. And Nick other than Xyun you're about as big of a left wing lunatic i've fucking seen on this board. And thats fine. Because, like Kilmol, you have the right to your own views a beliefs and I'm not going to sit here and call you an idiot because i dont agree with them. Xyun this wasn't an attack at you or what you believe either.

Sorry that this, like Nick's post didn't offer any insight to the topic, but I'm just fucking tired of Nick making some snide ass remark everytime someone says something he doesnt agree with.

I'll make a legitimate contribution to this thread when i have a little more time today.

Nick · Post by **Nick** » October 17, 2008, 1:54 pm

Awk now don't get your panties in a twist.

Also, being anti-war is "lunatic left wing"? Since when?

Soreali · Post by **Soreali** » October 17, 2008, 2:02 pm

Go look at your posts in the last six threads in this forum. They probably go down further but I didn't bother to look.

Xyun · Post by **Xyun** » October 18, 2008, 3:26 am

Soreali wrote: Xyun this wasn't an attack at you or what you believe either.

um. You don't have to apologize for giving me compliments.

Nick · Post by **Nick** » October 19, 2008, 2:43 am

Soreali wrote:Go look at your posts in the last six threads in this forum. They probably go down further but I didn't bother to look.

Yes it appears you didn't really bother to look at anything at all