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Pack93z
  • Pack93z
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16 years ago
8,129.81 at 10:54 this morning.. and I truly don't think we are near the bottom..

How low do you think it may go?

7k, 6?

None of this is good.. With the Government directly seizing banks and buying toxic paper.. another question is valid.

Have we seen the end of a free trade market that we have enjoyed for 3 plus decades?

Be afraid.. be very very afraid right now.. honestly regret building a home this year.. I knew it was going to get rough, just didn't expect this type of complete fallout.
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
zombieslayer
16 years ago
401k's are pretty much done. Anyone who had their money in one and not a pension cannot retire. So you'll literally see people dropping dead at the workplace.

My wife actually saw someone collapse at her workplace. It wasn't a pretty sight. She died a week later. She was in her last 70s and simply didn't have enough money to retire, so she had to keep working.

This is the fate of the baby boomers. The irony. The entitlement generation will work until they collapse, literally.

Anyways, to answer your question, I have no idea. It may drop down to 6k. I was thinking 10k would be a good buy and had money aside to buy in, then it kept dropping.

*fixed my typo in the original post.. nothing else*
My man Donald Driver
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2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷
Cheesey
16 years ago
Almost makes me glad i am too poor to buy a house. With everything crumbling, at least i have a roof over my head.
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Pack93z
  • Pack93z
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16 years ago
Cheesey I insulated myself before making the decision.. so I should be able to ride it through.. but it is still scary watching the markets free fall like this.. part of me is a little glad I cashed about 50% of my investments for the house.. at least it's value will drop at a lesser rate.
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
zombieslayer
16 years ago

Cheesey I insulated myself before making the decision.. so I should be able to ride it through.. but it is still scary watching the markets free fall like this.. part of me is a little glad I cashed about 50% of my investments for the house.. at least it's value will drop at a lesser rate.

"pack93z" wrote:



Yes. At worst, you can still live in your house.

You can't even eat stock certificates.
My man Donald Driver
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(thanks to Pack93z for the pic)
2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷
Cheesey
16 years ago

Cheesey I insulated myself before making the decision.. so I should be able to ride it through.. but it is still scary watching the markets free fall like this.. part of me is a little glad I cashed about 50% of my investments for the house.. at least it's value will drop at a lesser rate.

"zombieslayer" wrote:



Yes. At worst, you can still live in your house.

You can't even eat stock certificates.

"pack93z" wrote:


Well.....he COULD.......but it would be like being a Vikings fan.........not very satisfying.
LOLOLOL!!! :pottytrain2:
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Pack93z
  • Pack93z
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16 years ago


Well.....he COULD.......but it would be like being a Vikings fan.........not very satisfying.
LOLOLOL!!! :pottytrain2:

"Cheesey" wrote:



Come now.. that paper may have a little to offer.. at least more than that empty air in the trophy room. :lol:
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Cheesey
16 years ago


Well.....he COULD.......but it would be like being a Vikings fan.........not very satisfying.
LOLOLOL!!! :pottytrain2:

"pack93z" wrote:



Come now.. that paper may have a little to offer.. at least more than that empty air in the trophy room. :lol:

"Cheesey" wrote:


That IS true!!!
And think about it.......if you ate stock certificates, you wouldn't need toilet paper! It would "wipe on the way out!"
So you'd be saving money!!! :thumbleft:
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dfosterf
16 years ago
I told ya it wouldn't work. They're on the wrong end of the solution, coupled with an inability to grasp the true nature of the problem, which is understandable. They are attempting to purchase investment instruments that have an amorphous quality (or lack thereof) created by mathmeticians and physicists. The folks that purchased them never had a real clue as to what they were, how could you expect that a politician would? Wall street has attempted to play a brinkmanship game with D.C., further exacerbating an already dangerous situation. The only hope we had was to grant enough autonomy to someone real smart- and trusted- not by both sides of the aisle, but more importantly by both NY and D.C. to ease us through the rapids of this crisis. Congress politicized it to a degree that pissed off the truly arrogant honchos in NY. The world will pay the price in real terms... already riots in Peru, probably millions will starve as an indirect result of this global financial meltdown. Welcome to the world I know, albeit from a military standpoint, but in reality one which amongst the cognoscenti within same always tried for staying out of a fight.
zombieslayer
16 years ago

I told ya it wouldn't work. They're on the wrong end of the solution, coupled with an inability to grasp the true nature of the problem, which is understandable. They are attempting to purchase investment instruments that have an amorphous quality (or lack thereof) created by mathmeticians and physicists. The folks that purchased them never had a real clue as to what they were, how could you expect that a politician would? Wall street has attempted to play a brinkmanship game with D.C., further exacerbating an already dangerous situation. The only hope we had was to grant enough autonomy to someone real smart- and trusted- not by both sides of the aisle, but more importantly by both NY and D.C. to ease us through the rapids of this crisis. Congress politicized it to a degree that pissed off the truly arrogant honchos in NY. The world will pay the price in real terms... already riots in Peru, probably millions will starve as an indirect result of this global financial meltdown. Welcome to the world I know, albeit from a military standpoint, but in reality one which amongst the cognoscenti within same always tried for staying out of a fight.

"dfosterf" wrote:



Well said.

Keep in mind, these politicians are mostly lawyers. None of them are economists.

And you didn't have to tell me it wouldn't work. I knew it wasn't going to work too.
My man Donald Driver
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2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷
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Mucky Tundra (18h) : Geeze Zero get it right!😋
Zero2Cool (19h) : I guess 3 games. Whatever
Zero2Cool (19h) : Bleh, that only impacts two games.
Zero2Cool (20h) : Packers are gonna get 3rd place division schedule next year.
Mucky Tundra (20h) : Kanata, seek help! lol
beast (23h) : I was rooting for the Bears to win and hurt their draft pick status
Zero2Cool (23h) : Forgot there was even a game last night haha
TheKanataThrilla (23h) : That was terrible.
TheKanataThrilla (23h) : Watching that game in its entirety yesterday is proof positive that I am a football addict.
beast (23h) : And horrible time management multiple times... and not being able to score more than 3 points on a team with talent
beast (23h) : Realizing the Bears didn't fix it from the previous week and do the same thing, getting the game to overtime
beast (23h) : They probably are not tanking, but they've absolutely mismanagement some things, such as Vikings seeing the Packers blocked FG and realizing
Zero2Cool (27-Dec) : Crazy of Bears to have that mindset that is
Zero2Cool (27-Dec) : Hail Mary stop away from 5 - 2. Not sure how that flips to tanking. Crazy mindset if true
beast (27-Dec) : I've quietly questioned if Bears are tanking on purpose... they suddenly got a lot worse with some simple concepts like 101 clock management
wpr (27-Dec) : Watching bares fans melt down over how putrid their team is, so enjoyable. It's the gift that keeps on giving.
Mucky Tundra (27-Dec) : The Seattle Seahawks defeat the Chicago Bears 6-3. Jason Myers had 6 RBIs for Seattle while Cairo Santos had 3 RBI for Chicago
beast (27-Dec) : Not nessarily, he might of been injured either way. He's playing about 50% of the games the last 4 years
Zero2Cool (26-Dec) : If they'd been more patient with him, he'd be back already. Putting him out there vs Bears caused him to tweak it and here we are.
packerfanoutwest (26-Dec) : well this is his last season with the PAck, book it
beast (26-Dec) : Sounds like no Alexander (again), I'm wondering if his time with the Packers is done
Zero2Cool (26-Dec) : Could ban beast and I still don't think anyone catches him.
Mucky Tundra (26-Dec) : Houston getting dog walked by Baltimore
packerfanoutwest (25-Dec) : Feliz Navidad!
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beast (24-Dec) : Sounds like no serious injuries from the Saints game and Jacobs and Watson should play in the Vikings game
packerfanoutwest (24-Dec) : both games Watson missed, Packers won
Martha Careful (24-Dec) : I hope all of you have a Merry Christmas!
Mucky Tundra (24-Dec) : Oh I know about Jacobs, I just couldn't pass up an opportunity to mimic Zero lol
buckeyepackfan (24-Dec) : Jacobs was just sat down, Watson re-injured that knee that kept him out 1 game earlier
buckeyepackfan (24-Dec) : I needed .14 that's. .14 points for the whole 4th quarter to win and go to the SB. Lol
Mucky Tundra (24-Dec) : Jacobs gonna be OK???
Zero2Cool (24-Dec) : Watson gonna be OK???
packerfanoutwest (24-Dec) : Inactives tonight for the Pack: Alexander- knee Bullard - ankle Williams - quad Walker -ankle Monk Heath
packerfanoutwest (24-Dec) : No Jaire, but hopefully the front 7 destroys the line of scrimmage & forces Rattler into a few passes to McKinney.
packerfanoutwest (24-Dec) : minny could be #1 seed and the Lions #5 seed
Zero2Cool (23-Dec) : We'd have same Division and Conference records. Strength of schedule we edge them
Zero2Cool (23-Dec) : I just checked. What tie breaker?
bboystyle (23-Dec) : yes its possible but unlikely. If we do get the 5th, we face the NFCS winner
Zero2Cool (23-Dec) : Ahh, ok.
bboystyle (23-Dec) : yes due to tie breaker
Zero2Cool (23-Dec) : I mean, unlikely, yes, but mathematically, 5th is possible by what I'm reading.
Zero2Cool (23-Dec) : If Vikings lose out, Packers win out, Packers get 5th, right?
bboystyle (23-Dec) : Minny isnt going to lose out so 5th seed is out of the equation. We are playing for the 6th or 7th seed which makes no difference
Mucky Tundra (23-Dec) : beast, the ad revenue goes to the broadcast company but they gotta pay to air the game on their channel/network
beast (23-Dec) : If we win tonight the game is still relative in terms of 5th, 6th or 7th seed... win and it's 5th or 6th, lose and it's 6th or 7th
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