Ok, the stock market goes up and down all the time, whether good or bad. It can be guaranteed 100% that they will all be back up at some point in the near future so don't go selling all your stocks or some crazy stuff.
| Ickalanda said: Ok, the stock market goes up and down all the time, whether good or bad. It can be guaranteed 100% that they will all be back up at some point in the near future so don't go selling all your stocks or some crazy stuff. |
If you have stock in the housing or financial sector and you haven't gotten out already, now wouldn't be a bad time to do so. Holding on to a stock that could crumble is not the best alternative if you have already made money off that stock.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
akuma587 said:
Actually moments like this can be great times to buy into stocks you think will weather the storm and are just currently being hurt by an overall trend. Anything handling finance or housing is probably a bad choice at the moment though, but A LOT of stocks other than just those two types will be affected by news like this. Baron Rothschild, the quintessential banking opportunist, is said to have advised that the best time to buy is when there is "blood in the streets."
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Oh yeah. Problem is... I don't have any money to invest.
I'm basically dead broke outside of having a bunch of money tied up in investments that i don't touch on principil.
Working two jobs right now, one to just build up my bank savings, and the other to make sure i can spend money to not go insane.
My own personal theory is that all the businesses that have gone bankrupt/got emergency funding have got in that position because of their silly names :P
However, I am personally hoping that it (world credit) keeps falling, as if it does, hopefully the UK housing market will go down, as it definately needs to.
In Japan, the market has been down for like 2 decades. So it's not necessarily a guaranteed thing the market will rebound any time soon.
| Tispower1 said: My own personal theory is that all the businesses that have gone bankrupt/got emergency funding have got in that position because of their silly names :P |
i am chapset and i agree with this argument
Bet reminder: I bet with Tboned51 that Splatoon won't reach the 1 million shipped mark by the end of 2015. I win if he loses and I lose if I lost.
| FishyJoe said: In Japan, the market has been down for like 2 decades. So it's not necessarily a guaranteed thing the market will rebound any time soon. |
And ironically one of the main reasons is because the Japanese manage their money so well. It is the exact opposite here, we manage our money so poorly that it helps the economy until a big credit crunch like the one we are in now happens.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
| Soriku said: This sucks. I wonder how the big 3 will be affected :3 |
Nintendo, Microsoft, and Sony? Probably won't affect them very much. They are all making money off of one thing or another.
Snesboy said:
Nintendo, Microsoft, and Sony? Probably won't affect them very much. They are all making money off of one thing or another. |
Yeah, videogames are fairly recession proof.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
akuma587 said:
Yeah, videogames are fairly recession proof.
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Big TVs and other expensive electronics aren't recession proof though. As for Microsoft, they'll feel the pinch since much of their money comes from selling Windows and Office licenses to businesses... With businesses downsizing and going bankrupt, their revenue will decrease. Private customers will also be more careful with where they spend their money, and may resort to piracy more often.
If I had to guess, I'd say this can affect Sony moderately to a lot, Microsoft little to moderately, and Nintendo quite a lot less than the other two. It depends on the magnitude of the problem, if it gets really bad it could affect all of them significantly.
PS: If the U.S. dollar goes down, Microsoft has the advantage that they pay most of their salaries in dollars. This would hurt Sony and Nintendo a lot since much of their revenue is in dollars.
My Mario Kart Wii friend code: 2707-1866-0957
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