Posted on 10/07/2008 10:14:18 PM PDT by Arkinsaw
buy...agree. What a ride. No short term gains here...
Bet it will take years to get past 12000 in the djia again...decades if the government starts rewarding non-payment of mortgages the way mccain suggested last night. Economic suicide....
yep they do. Don’t know the level, but that is why Jakarta flatlined.
yep. more like 9.4 by the end of their day.
Which merely shows that the CNBC commentator doesn't understand the dangers of extrapolation. A $0 valuation would require some rather extraordinary conditions, involving large numbers of companies going out of business; people are unwilling to invest even in profitable companies; or both.
Only hysterical silliness (in which CNBC has apparently invested heavily) could explain such a comment.
When Paulson speaks the markets listen. DOW reverses from +65 as Paulson begins to -189 a half hour after he finishes.
yitbos
And then there are still the courts to weigh in.
yitbos
And I thought I had come up with a worst case scenario - you put that to rest...
So what about the mess that brought down Barings Bank?
http://www.stock-market-crash.net/barings.htm
Isn’t this somewhat similar but on a massive scale? Or am I totally off-base?
BTW, one thing I've not seen discussed much is that rising prices of assets should be seen as a red flag to investors telling them to stop investing in those assets. Instead, they're seen as a red flag to bulls, telling them to charge ahead.
Well I guess that’s why they were offering CDs at double digit interest rates. Desperation.
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