Is anyone else stressed about the Stock Market...

[abostonboy]

I don't mean in a porn business way. But, in a personal way. This past two weeks I have gotten killed in the market in a very big way. Just sold GM shares that I bought at $30 for $5 as I feel the company will file for bankrupty. That is just one stock. I have about 20 others that are not doing much better.

[Gaystoryman]

Well you shouldn't be stressed, according to our Prime Minister you should be happy, and buying stocks because it is a golden, once in a lifetime, opportunity to make a killing in the market. Such a nice man our Prime Minister.

Makes us wonder if somehow he isn't the illegitimate son of George Bush Sr. or Karl Rove. :grrr:

[abostonboy]

Everyone is saying to buy stocks to get money back in the market.

[Gaystoryman]

I know, but it 'how' you say stuff that matters too. Our Stevie is just a Bush ass kisser, and he's a cold fish. Hell he won't even hug his kids, he shakes their hands to say goodbye...

Like anything, some sensitivity to those who are hurting is appropriate, and one shouldn't, when a leader, shove their misery into their face.

just my opinion though.

[ChadKnowsLaw]

I think we are coming into a good time to buy --if you have any money left!!

[Seth]

Well you shouldn't be stressed, according to our Prime Minister you should be happy, and buying stocks because it is a golden, once in a lifetime, opportunity to make a killing in the market. Such a nice man our Prime Minister.

Makes us wonder if somehow he isn't the illegitimate son of George Bush Sr. or Karl Rove. :grrr:

Actually he's right. There hasn't been a better time in many, many years to invest in companies that will be around long after this crisis is over.

[Gaystoryman]

Actually he's right. There hasn't been a better time in many, many years to invest in companies that will be around long after this crisis is over.

Maybe right, but you don't say it in front of a bunch of just laid off workers, that is just plain mean.

[InsaneSimon]

I'm buying :D What drops should turn up.

[Seth]

Maybe right, but you don't say it in front of a bunch of just laid off workers, that is just plain mean.

True, if you're struggling to pay the rent/mortgage, put food on the table, gas in the car, the last thing you need to hear is its a good time to invest... :(

[Adam Mason]

When markets crash it's not a good time to sell. The market has ALWAYS recovered and while I know it can seem like you lost money today, in a few years time it'll be back to where it was. Stocks and shares are a long-term thing... so if you don't need to get your money out to pay the bills don't go selling when it's at a low.

[raunchpup]

its a risky game no matter how you look at it but if you read your history you may not go to stock market now id the time to buy land property that is falling in price people always need a place to live and if history serves me it was what rockefeller invested in in the crash of the 20's and look where that got him lets face it grab some foreclosed property and that will never lose you since you will always have a place to live or someone will need a place
just my 1-1/2 cents worth

[abostonboy]

It is a good time to invest if you have the money. However, a week from now maybe a better time. That's 1/2 the problem with the market right now. This is all assuming that trading doesn't get suspended, which there is talk about it happening.


Though, if I were to invest in the equity market, I would strongly look at the companies balance sheet and cash on hand. Some companies are not going to make it and bankruptcy never helps a common shareholder.

[abostonboy]

Now, this is scary...

“I don't wish to spread alarm on the line people but the big issue confronting the market is I'm afraid the health and sustainability of Morgan Stanley (NYSE:MS - News) and Goldman Sachs (NYSE: gs)," Hugh Hendry, Partner and CIO at Eclectica, told CNBC. "It is unimaginable that they can be allowed to go, I suspect that they will be nationalized at some point today or over the weekend," he add."

http://biz.yahoo.com/cnbc/081010/27114651.html

[Squirt]

I went through the stressed phase a few weeks ago and took appropriate action. Now I'm at the point of concern.

Banks are bailed out, yet they tighten lending. Credit card companies are arbitrarily raising interest rates, fees and penalties without oversight. Why did we even bother to bail the banks out? Every show I see is telling people to look at all their expenses and trim the fat.

It's concerning to see such blatant corruption and abuse of the system. I hope they nationalize all the bastards so they don't have a grip on the country any longer :D

[raunchpup]

4:00 eastern time wall street goes into a crash
scarey as that may sound that is what some anylysts are calling it losing 500 ponts in the last hour od trading 7+% point loss over the year
so scarey times are comming

[gaydemon]

I dont know.. I think most of the banks and big trading houses etc deserves what's coming. Except they are all getting bailed out now. They fuck up our economy but still gets saved by us tax payers. That i dont understand! There is no way in hell the goverment will bail me out if I have no money to pay bills.. I wonder why?

They should have let the banks and companies go bust, its evolution. Even George Soros said its wrong to bail them out!

I'm waiting a bit longer then I'll buy as much as I can afford to loose. I think if you are lucky, it might be possible to make a small fortune.

But then the question is, how much lower will it go.. Thats what I want to know, when is it time to buy?


I don't mean in a porn business way. But, in a personal way. This past two weeks I have gotten killed in the market in a very big way. Just sold GM shares that I bought at $30 for $5 as I feel the company will file for bankrupty. That is just one stock. I have about 20 others that are not doing much better.

[Johnny]

Just a few thoughts. At my last corporate gig major investors were complaining because the stock price was hanging around $45 a share. They wanted it to move. Last time I checked the stock was around $12 a share.

I'm really kind of pissed the price of gas hasn't gone down more! The stock market is crashing and gas is still being sold (here) for around $3 a gallon.

I'm sure you heard about the 1/2 million spent to send the CEOs to a retreat. That's crazy.

Finally, I'm sure things are bad, but there is a lot of fear mongering in the news as well. Yahoo was almost irresponsible when this first started and they had a headline like "should you run to the bank and get your money out now?!"

[Gaystoryman]

Just a few thoughts. At my last corporate gig major investors were complaining because the stock price was hanging around $45 a share. They wanted it to move. Last time I checked the stock was around $12 a share.

I'm really kind of pissed the price of gas hasn't gone down more! The stock market is crashing and gas is still being sold (here) for around $3 a gallon.

I'm sure you heard about the 1/2 million spent to send the CEOs to a retreat. That's crazy.

Finally, I'm sure things are bad, but there is a lot of fear mongering in the news as well. Yahoo was almost irresponsible when this first started and they had a headline like "should you run to the bank and get your money out now?!"

Exactly, I mean my retirement funds took a hit, but I don't need them for at least 10 years or more, I hope. So selling now and taking the loss just doesn't' make sense to me, and yet that is what a lot are doing.

As for gas, well its under $80, and yes the prices are dropping at the pumps, but not as fast as they went up. And let be honest, that single factor, the high cost of gas, is what helped fuel this nonsense. Its impact on all economies along with the banks & all, is what has done it, but all the government can come up with is to give them more money or bigger tax cuts.

If my neighbor spends more than he earns, I sure don't go rushing to pay his bills, so why should I pay for the banks greed? :bang:

[gaydemon]

Exactly, its fear mongering, the mass media keeps telling us how everything is going wrong, how bad it all is.. but actually nothing has changed.

The only thing that has changed is that in theory somewhere trillions of dollars have disappeared. I've never seen a billion, let alone a trillion.. so who knows, it probably never existed in the first place.






Finally, I'm sure things are bad, but there is a lot of fear mongering in the news as well. Yahoo was almost irresponsible when this first started and they had a headline like "should you run to the bank and get your money out now?!"