Dow closes 634 points down (08/08/11)

[MrsWalker]

This does not mean anything to me, but it does to other people that have investments in the stock market.

Are you one of those people that have an interest in the stock market and it definitely affects you?

Please tell us your story...

 

[Trident1]

Hint: Buy now.

 

[Kingfisher]

Hint: Buy now.

Yeah, exactly.

Stay calm... Don't freak out like all those pussies on the trading floor. I swear you could clap your hands around them and they piss themselves. I find it amazing how one group, can suddenly effect the way people live all across the world. Thanks a whole lot, assholes.

 

[Hypergalaxy]

Buying as I type

 

[Hot Mega]

Hint: Buy now.

Assuming one sold high.

If a person held...what are they theoretically going to now buy with?

I suppose they could take out a 2nd mortgage..whoops...that won't work...

Any idears?:bigear:

 

[LukeEl]

I knew I should have never had that pyramid built!

 

[JacknCoke]

better go sell my Maserati

 

[Kingfisher]

You know I wonder, if the three board members of the S&P sold off a lot of stuff right before making that announcement. I think there should be investigators shoving themselves up those guys asses looking for something incriminating.

 

[D-rock]

I feel bad for the everyday people that have been de facto forced into a system where they have to put large amounts of any saving for the future and retirement in the stock market by the way our society is set up now.

I also feel bad for the people, because of the system, that can't find decent jobs, have no job security anymore, or they might lose their jobs from things such as this.

I don't feel as much sympathy for "financial engineers" that just move money around. It's a worthless profession that has done nothing good for society, and they and people like them have been a big part of what is destroying us.

 

[JacknCoke]

I don't feel as much sympathy for "financial engineers" that just move money around. It's a worthless profession that has done nothing good for society, and they and people like them have been a big part of what is destroying us.

Couldn't agree more, mostly because the money is basically a bunch of made up figures in a fucking computer database.

 

[maildude]

The stock market is used as a gaug e of the condition of the economy. The unemployment rate rose slightly. The housing mess isn't cleaned up. There is still political infighting and jockeying in Congress. This is a cyclical phenomenon. Let's just hope this cycle doesn't get much worse.

 

[Hot Mega]

The stock market is used as a gaug e of the condition of the economy. The unemployment rate rose slightly. The housing mess isn't cleaned up. There is still political infighting and jockeying in Congress. This is a cyclical phenomenon. Let's just hope this cycle doesn't get much worse.

1.) The u/e rate actually fell slightly (from 9.2 to 9.1).

2.) Many 'experts' attribute market slide to the rating downgrade.

3.) The downgrade is allegedly attributed to the prospect that we have people in Washington that would have actually let country default.

4.) I would have downgraded the credit rating too under those circumstances. Think about this for a second, the world sees there are people running our country who would actually have allowed the country to default..

What would you do if you were in the business of rating a person's creditworthiness and they had shown a willingness to opt for default up to the last minute. You'd be a fool to continued to consider them worthy of the highest rating.

Watch the Tea Bagger plan cost the country more than the dummies saved...