All this talk about the market...

Quinny

Quinny

Active member
The fact that everyone is working themselves into a panic just reciprocates and perpetuates the problem. Consumer confidence is going to dictate how long the problem lasts.

Expect rates to take another cut next week. Interest is already running lower than inflation, but that will not be long term. It's only until the mortgages even out. Not much you can do about it. And don't feel like you're fucked because you didn't sell your stocks last week. To be honest, if you didn't "get out" about three months ago, you're going to be hit by this if you have any standing investments.

It's highly likely that we will lapse into a full blown recession, assuming we're not there already. The market will rebound when consumers (i.e. you) get your confidence back. The soonest that could likely happen is around the presidential election and could help to boost retail during the holiday season.

I know some people without any perspective are calling for the apocalypse, but it's not nearly as bad as some people think it is. Don't panic and keep your cool. We'll be fine.
 
Sooo.... are we going to be seeing a drop in the price of goods to try and boost spending and up the economy or what? Cause I'm in the market for a new TV over the next few months..

haha
 
I was talking to my dad about it and he's like yeah, I tried to buy everything at the low prices! He doesn't seem overly worried and he's big into the market so it's not the end of the world.
 
You're right on about buying things. Prices will be low. Just keep spending (smartly) and don't do anything irrational with your money or investments. If you can, buy domestic because exchange rates are currently unfavorable to the dollar...not to mention it stimulates the local econemy.
 
hey im supporting your economy america! we bought a house in florida some poor bastard couldnt afford! bwahahaha
 
nice to hear a second person thinks he's got a good idea. I generally trust him (well I really have no choice, technically I have $500 to my name from two jobs and thats it) but I still want to ski this winter!
 
good buying opportunities out there im sure... i made money on the market today, so... not to worried.

that aside, can anyone tell me when the market took a hit that it didn't recover from? right... never.
 
Just dont join a recession if it happens. I see it all of the time at ski resorts with building, upgrading, and spending alot of money doesnt look like the are expecting a recession
 
you all know that you can make dollars in a bear market right? its not like you automatically get owned up and down the block just cause the market goes south....
 
I dunno what you think the great depression was, let alone what happens when nations like the former Soviet Union collapsed. Thank god we haven't managed to get ourselves into a situation that badly quite yet.

Of course there is a "recovery" as long as human civilization continues to function, and I don't think anyone here has suggested that it won't.
 
I love this...well to a point.

I cannot wait until all those fools who spend every paycheck like it is their last get behind on the HDTV payments and they have to dump them on craigslist for pennies on the dollar. 1-month old Sony 50-inch for 400$ here I come - suckas

Better make those payments on time kiddies

Gonna be some sweet rental properties for sale at some dirt cheap prices next year as well - slumlording here I come
 


recovered from the great depression and the soviet union had economic collapse, political collapse and a coup.... so thats quite a bit more than what were looking at here.
 
I'll strongly argue that this wouldn't have happened if it wasn't for two words..sub-prime.
 
astounding

I thought the canadians were going to invade today

(btw, take a look at who permitted the great depression to take place as well as who benefitted from it)
 
But seriously this downturn has created a real buying oppertunity. Most risk had been priced into the market prior to this weeks beating, lots of good companies are now very undervalued, if you stick to pharma, consumer staples (Pepsi, General Mills), and strong multi-national companies (IBM, J&J), you are not in bad shape.

Also if the "R" word ends up happening one should shift over to bonds which become more atractive since our money will grow less over time (low intrest rate) and its value will remain stable (low inflation).
 


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Smart people choose not to particpate in a recession and keep chugging along enjoying life. But icepointer keep freaking out while the rest of move on and keep achieving -
 
Rofl, what makes you think that me mentioning that our economy is fucked makes me not enjoy life?

btw, people who keep just chugging along during a recession get eaten by the bears

Unless of course you don't have any money in the market, then you're fine except for the fact that the market steals money from you to make up for the losses. Have fun with $8 gallons of milk if they keep this up much longer.
 
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