Pack93z
  • Pack93z
  • Select Member Topic Starter
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. πŸ‡ΉπŸ‡Ή πŸ‡²πŸ‡² πŸ‡¦πŸ‡·
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. πŸ‡ΉπŸ‡Ή πŸ‡²πŸ‡² πŸ‡¦πŸ‡·
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. πŸ‡ΉπŸ‡Ή πŸ‡²πŸ‡² πŸ‡¦πŸ‡·
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