Go back
DOW Below 11,000

DOW Below 11,000

Debates

Vote Up
Vote Down

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

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

Vote Up
Vote Down

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

2 edits
Vote Up
Vote Down

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.

Vote Up
Vote Down

Gold is now over $1700.00 per oz.

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

1 edit
Vote Up
Vote Down

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

Vote Up
Vote Down

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.
Will there ever be a time to sell your gold?

Vote Up
Vote Down

Originally posted by AThousandYoung
Will there ever be a time to sell your gold?
I'm thinking sometime after QE17.

Vote Up
Vote Down

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.
smart people who sold their stock before the crash are now reinvesting in stock.

Vote Up
Vote Down

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

3 edits
Vote Up
Vote Down

Originally posted by trev33
smart people who sold their stock before the crash are now reinvesting in stock.
I think they're buying land, automobiles, old grannies' wedding rings, etc.

Also trains, trucks, ships, planes, warehouses, etc. Logistical equipment.

1 edit
Vote Up
3
Vote Down

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/

2 edits
Vote Up
Vote Down

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

EDIT - The wide place with shouty fat people - Congress?

But stupid nobody man who no have fancy proper job say all must make good shiny thing.

He say: "Swap shiny thing for happy money to buy more good shiny thing.

"All happy smile when every place make good shiny thing. Even shouty fats and lazy bones.

If I didn't respect him so much, I'd say that sounds like no1. 😛

Vote Up
Vote Down

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/
Hilarious. Thanks for the comic relief 🙂

Vote Up
Vote Down

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.
Stock market crashes cause recessions and/or depressions.

BooHoo for us.

Vote Up
Vote Down

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

BooHoo for us.
Hey, the Great Depression made Cinderella Man world boxing champion. I seen it at the movies.