DOW Below 11,000

Going...going...going... gone?

http://content.usatoday.com/communities/ondeadline/post/2011/08/us-stocks-poised-to-fall-sharply-at-the-opening/1

I think that some people are going to make a lot of money off the suckers who are selling off.

Good; the 5% or less of the stockholders who own more than 50% of the stock deserve to lose some fake money. Maybe they'll bail out of paper and actually do some real economic investment which will lead to some jobs (not gonna happen I know esp. when tax policy favors unearned income over work).

EDIT: In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html


BooHoo for them.

Gold is now over $1700.00 per oz.

There was no recovery. It was all lies.
Never trust your government.

Originally posted by Kunsoo
I think that some people are going to make a lot of money off the suckers who are selling off.

Originally posted by Metal Brain
Gold is now over $1700.00 per oz.

There was no recovery. It was all lies.
Never trust your government.

Originally posted by AThousandYoung
Will there ever be a time to sell your gold?

Originally posted by AThousandYoung
Smart people already sold off their stocks. It's the stupid people that can't predict when the bubble will burst that will have their lives ruined.

Short-selling could have made some investors really, really rich: the Dow's down 13.3% over the past month.

Originally posted by trev33
smart people who sold their stock before the crash are now reinvesting in stock.

http://www.thedailymash.co.uk/news/business/bad-money-thing-make-new-scary-time-201108054163/

EDIT: also...

http://www.thedailymash.co.uk/news-in-pictures/news-briefly/super%11intelligent-apes-delay-uprising-until-things-are-less-screwed-201108084171/

Originally posted by DrKF
http://www.thedailymash.co.uk/news/business/bad-money-thing-make-new-scary-time-201108054163/

Originally posted by DrKF
http://www.thedailymash.co.uk/news/business/bad-money-thing-make-new-scary-time-201108054163/

EDIT: also...

http://www.thedailymash.co.uk/news-in-pictures/news-briefly/super%11intelligent-apes-delay-uprising-until-things-are-less-screwed-201108084171/

Originally posted by no1marauder
Good; the 5% or less of the stockholders who own more than 50% of the stock deserve to lose some fake money. Maybe they'll bail out of paper and actually do some real economic investment which will lead to some jobs (not gonna happen I know esp. when tax policy favors unearned income over work).

EDIT: In terms of types of financial wealth, the top one ...[text shortened]... http://sociology.ucsc.edu/whorulesamerica/power/wealth.html


BooHoo for them.

Originally posted by sh76
Stock market crashes cause recessions and/or depressions.

BooHoo for us.