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Holy sh!%

Discussion in 'Off-Topic Discussion' started by beastlytaco, Sep 29, 2008.

  1. Sep 29, 2008 at 2:20 PM
    #1
    beastlytaco

    beastlytaco [OP] This is TW. One never knows what is a joke anymore

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    the dow just closed out today after dropping 700 points. GOOD GRAVY. thats alot. It still below the 20% that happened in 1980 on black monday. Well this is all after congress denied the bill of course. the bill for 700 BILLION FREAKING DOLLARS. so any thoughts or comments.
     
  2. Sep 29, 2008 at 2:25 PM
    #2
    dually

    dually Low and slow

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    Not as many as the 98..
    As long as im getting paid. IDGAF. Kind of a bad mentality, but oh well
     
  3. Sep 29, 2008 at 2:29 PM
    #3
    lsocoee

    lsocoee My hair is all natural Moderator

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    I bet it will be back up again tomorrow. I wouldn't mind doing some buying right now.
     
  4. Sep 29, 2008 at 2:29 PM
    #4
    RelentlessFab

    RelentlessFab Tacoma offroad armor fabricating beast Vendor

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    damn thats a huge drop..... hope it comes back soon or at least it doesnt continue.
     
  5. Sep 29, 2008 at 2:32 PM
    #5
    beastlytaco

    beastlytaco [OP] This is TW. One never knows what is a joke anymore

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    yeah wonder how much stocks really are. GOOGLE. WE should all buy google stock :D
     
  6. Sep 29, 2008 at 2:33 PM
    #6
    beastlytaco

    beastlytaco [OP] This is TW. One never knows what is a joke anymore

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    I dont know if it will be up that soon. but congress needs to quit dickin around and come up with another plan of action.
     
  7. Sep 29, 2008 at 2:45 PM
    #7
    dually

    dually Low and slow

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    Invest in Mutual funds. Dont put all your money in one stock, by far the dumbest mistake you can make.
     
  8. Sep 29, 2008 at 2:46 PM
    #8
    bdub85

    bdub85 Active Member

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    I'm glad the Repubs came through and killed that bailout bill. The bailout bill is unacceptable IMO. 700 freaking billion dollars of our (the taxpayers) money to help people and companies who made dumb dumb dumb financial decisions is laughable. These people should have to pay the consequences for taking a mortgage they knew they couldn't afford. And, the mortgage companies should face the consequences for giving out all this money hand and fist to high risk people.
     
  9. Sep 29, 2008 at 2:47 PM
    #9
    NAAC3TACO

    NAAC3TACO Just east of crazy

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    Between my equity losses and my 401k losses I'm depressed. I'm more depressed that nobody on Wall st. or Congress is going to jail. Congress deregulated the banks, the greedy bastards on Wall st. got their big bonuses, and the rest of us are getty screwed royally. Now we have to pay for it? F that.
     
  10. Sep 29, 2008 at 3:01 PM
    #10
    TacoCo

    TacoCo Aspiring wrench monkey

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    We've spent $600 billion helping Iraqis so far.
     
  11. Sep 29, 2008 at 3:08 PM
    #11
    bdub85

    bdub85 Active Member

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    That is a matter of national security though, and it has helped create jobs.

    Giving 700 billion back to companies who screwed up is ridiculous. Pumping in billions of dollars into a free market will cause nothing but trouble. The market has to correct itself as painful as it might be.
     
  12. Sep 29, 2008 at 3:13 PM
    #12
    beastlytaco

    beastlytaco [OP] This is TW. One never knows what is a joke anymore

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    you do have a point. i all of us took civics in highschool right. that taught us how the economy works and why things like corrections happen. IMO Greed gas caused all of this. stupid investment bankers wanting to make their wallet fat.
     
  13. Sep 29, 2008 at 3:14 PM
    #13
    beastlytaco

    beastlytaco [OP] This is TW. One never knows what is a joke anymore

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    Mutual funds.... are they relativley expensive or what??
     
  14. Sep 29, 2008 at 3:16 PM
    #14
    glwood6

    glwood6 Well-Known Member

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    $700 billion bailout...hmmm, that comes to about 2 grand per person in the U.S. to foot the bill...

    Send your check or money order to XXX care of the U.S. gov't...:eek:
     
  15. Sep 29, 2008 at 3:27 PM
    #15
    TheMaster

    TheMaster Born to Ride

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    I think the Dow lost $1.22 Trillion today. I do not like where this could lead. Keep your fingers crossed :eek:.
     
  16. Sep 29, 2008 at 3:40 PM
    #16
    bdub85

    bdub85 Active Member

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  17. Sep 29, 2008 at 3:54 PM
    #17
    Brunes

    Brunes abides.

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    They can be "free" Look for no load mutual funds- Less Return on Investment but less over head and more "linear" moolah development. Load Mutual Funds have more involved processes for planning and managment and will take a few points from what you make.

    Investing in single stocks isn't the dumbest mistake you can make- but you must be careful with what you do- Research and Mind Your Money cause things can change far quicker with a single stock then a mutual fund.

    (My IRA is built on 5 different mutual funds- one is a Precious Metals, one is International, one is Capital Growth stocks, and I forget what the other two are.) I've got a general mutual fund for a savings account- They are all no load funds.
     
  18. Sep 29, 2008 at 4:00 PM
    #18
    aaronatl

    aaronatl ©1975

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    Cap'n Crunch
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    the government should of last week;
    suspended the capital gains tax (people would be dumping
    truck loads of money into the market, to make money and companies in distress,
    would have the extra capital to operate and grow)

    or

    use the taxpayer's 700 billion and play off it
    for a week or two.

    if you choose the second idea you might have a place in congress
     
  19. Sep 29, 2008 at 4:05 PM
    #19
    aaronatl

    aaronatl ©1975

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    I hope your precious metal is platinum, u can't make gasoline with out it, and only 3 countries mine it ( usa, canada, south africa)
     
  20. Sep 29, 2008 at 6:27 PM
    #20
    beastlytaco

    beastlytaco [OP] This is TW. One never knows what is a joke anymore

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    ^^^ ya know i think with the way the economy is going rigth now, i think we should have a folder dedicated to money management for our trucks, stocks and other useful money management. would anybody be interested. i know it sounds stupid but hey, its a thought.
     
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