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Stock Market Crash

Stock Market Crash

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.......And they said i was crazy investing my savings on beer,chips, and hookers.


😛

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"I spent most of my money on women, booze, and gambling, the rest I just wasted"........George Raft.

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Originally posted by huckleberryhound
.......And they said i was crazy investing my savings on beer,chips, and hookers.


😛
just don't ask No1marauder about it. he still thinks this is no big deal

1 edit
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Originally posted by uzless
just don't ask No1marauder about it. he still thinks this is no big deal
I hear the oil price has hit a year low ($79)......What's the big problem ?


You say crash, i say correction.

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This money which was lost never existed in reality it was just in betting.
So correction seems to be the right term.

And yes it is possible to loose real money when trying to catch as maony fairy gold as possible.

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Originally posted by huckleberryhound
I hear the oil price has hit a year low ($79)......What's the big problem ?


You say crash, i say correction.
A correction would be more in line with price to earnings ratios etc.

Declining stock values this time are due to the fact that companies are not able to roll over their debt obligations due to the credit market collapse. If they can't roll over their debt, then they go BANKRUPT and their stock is worthless. This is why people are selling stocks because they are worried the companies will go bankrupt.

Plus, they are betting a recession is coming and the companies that do survive will suffer sales losses from all the people being out of work, thus reducing demand for their products.

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Originally posted by huckleberryhound
I hear the oil price has hit a year low ($79)......What's the big problem ?


You say crash, i say correction.
OPEC said they will cut production after it falls below $80/barrel.

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Originally posted by huckleberryhound
Stock Market Crash
Sitting on the sidelines eating a bucket of popcorn and watching the carnage.

*crunch, crunch, crunch....*

I wonder how low this thing can go? And when do you get back in?

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Originally posted by leisurelysloth
Sitting on the sidelines eating a bucket of popcorn and watching the carnage.

*crunch, crunch, crunch....*

I wonder how low this thing can go? And when do you get back in?
Take your money that you want to invest and divide it into 10 parts. Invest 10% now, 10% next week, 10% the week after etc. At some point we will reach fair value and then the market will uptick. By spreading your risk, you will stand to make a decent profit when the turnaround comes.

Considering how low the market is already, it should be safe to invest a bit at a time now.

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Originally posted by uzless
just don't ask No1marauder about it. he still thinks this is no big deal
I thought you said that the $700 billion bailout would make things fine and dandy.

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I got my money out a year ago, and put it in IRAs. And they can take their oil and put it where the sun don't shine.😕😕😠😕

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Originally posted by hiphop
I got my money out a year ago, and put it in IRAs. And they can take their oil and put it where the sun don't shine.😕😕😠😕
Um...IRA's function on the same principle as the stock market. 😕

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Originally posted by no1marauder
I thought you said that the $700 billion bailout would make things fine and dandy.
I said without it we'd be screwed. Keep in mind the 700Billion hasn't actually been put into the process yet. they're still working on the implementation.

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Crunch,crunch,crunch.....

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Originally posted by uzless
Plus, they are betting a recession is coming
Don't look now.