Right now the dow is down another 400 points. This is ugly. I woudn't say I'm losing my shirt, but I am taking a painful hit.
| tombi123 said: Do you work in investment banking? |
No, just an ordinary investor.
Man. How many insurance companies and banks are left to bail out?
Okami
To lavish praise upon this title, the assumption of a common plateau between player and game must be made. I won't open my unworthy mouth.
| appolose said: Man. How many insurance companies and banks are left to bail out? |
Until people realize that they are footing the bills.
The market is in a crunch. But 1 good thing is that oil is below $100.
FishyJoe said:
No, just an ordinary investor. |
man, you should take your money out.
WaMu is in trouble so they hav 13 month CD at 5% right now.
as long as it's under $100,000, you should be safe with WaMu.
EDITED OUT
At least we are not Russia.
The Russian markets are halted for the second time in two days - this time "indefinitely" - after the index falls 10% within an hour, on the back of a 17% drop the previous day. Apparently Vlad and Medvedev are figuring out the hard way about what happens when you invade foreign lands and start seizing private firms - people say "no mas!" and run for the door in a disastrous cascade. Foreign capital has effectively withdrawn from the Russian marketplace, coming to the conclusion that it is radically unsafe to be there and extinguishing liquidity.
Expect more financial firms' stocks to either drop severely or go belly up within the next few weeks.
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
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