[gkruCRi1]

Ouch. It was a whirlwind on Wall Street today with large Chinese selloffs coinciding with an overbought stock market, rising oil prices, worries over housing and subprime lenders and Alan Greenspan's prediction that a recession may be imminent. At one point in the day it was even down by 545 points. Tomorrow is expected to be another grisly day given the Wednesday mid-morning trading in Tokyo on the Nikkei was already grisly.

Once again, the truth of globalisation rings a loud bell (and China's ever-growing influence in it) and one man's words can be powerful enough to move and shake the world.

Market Dispatches - MSN Money

[soryalomop]

Yeah I know I took a big hit today. Luckily mine are long term for my retirement

Do you think they'll go down again tomorrow?

[SmuffNuSMaxqh]

My Exxon stocks took a beating today, but I'm not concerned. There have been times like this in the past, and there will be times like this in the future.

The funniest part is that Greenspan was probably drunk at a party when he said it. He probably turned to his wife and said "Hey, watch this shit..."

[gkruCRi1]

Yeah I know I took a big hit today. Luckily mine are long term for my retirement

Do you think they'll go down again tomorrow?

I expect it to go down, yes.

[soryalomop]

Ugh. I hate when this happens.

[ufUUZCnc]

Don't worry. It will all go back up when the Democrats take over the White House.

[neotheMit]

Remember, there are only two emotions in the stock market:

Fear & Greed. Today was the fear day.

[unsamiSlini]

Don't worry. It will all go back up when the Democrats take over the White House.

Well, let's hope it doesn't take that long.

[merloermfgj]

They already took over both houses. That is why it dropped.

/chuckle

[AAAESLLESO]

My my...Do I detect a bit of panic here?

[Gedominew]

The stock market seems to me to be a funny thing. It seems to be based not necessarily on reality but rather people's perception of reality.

[funnyPasds]

IMHO, anyone who is concerned about a one day drop in the market shouldn't be investing in stocks. Stocks are LONG TERM investments. To believe otherwise is very damaging to ones financial health, not to mention nerves. The chart below illlustrates the long term performance of the US Stock Market. It is clearly trening in one direction. Emotions have no place in investing. I bought more stocks yesterday. I will continue to buy - why not? Stocks are now ON SALE!!! smart investors are celebrating, not whining. At any rate, don't buy the hype. The crap you read and hear in the media is simply "FINANCIAL PORNOGRAPHY" - It titillates and sickens, but rarely enlightens.


Here is my favorite investment advice:
"Stay the course. No matter what happens, stick to your program. I've said "Stay the course" a thousand times, and I meant it every time. It is the most important single piece of investment wisdom I can give to you." - JACK BOGLE

[accotMask17]

Ouch. It was a whirlwind on Wall Street today with large Chinese selloffs coinciding with an overbought stock market, rising oil prices, worries over housing and subprime lenders and Alan Greenspan's prediction that a recession may be imminent. At one point in the day it was even down by 545 points. Tomorrow is expected to be another grisly day given the Wednesday mid-morning trading in Tokyo on the Nikkei was already grisly.

Once again, the truth of globalisation rings a loud bell (and China's ever-growing influence in it) and one man's words can be powerful enough to move and shake the world.

Market Dispatches - MSN Money

I could actually hear all the animals, rivers, and forests breathe a quick sigh of relief on that news. But even they knew man would rebound and continue to destroy them.

Andrew

[Gintovtosik]

Yeah I know I took a big hit today. Luckily mine are long term for my retirement

Do you think they'll go down again tomorrow?

My options got obliterated.

Thankfully, they don't expire until June and July so there is plenty of comeback time.

I own Goldman Sachs too. Down 18 points yesterday!

[7HlBQS8j]

I expect it to go down, yes.

Good thing you're not my stock broker. If you are in the business, you should know better than to say what you expect without reason and if you're not, it's pretty obvious. I hope you didn't try to short anything Samantha.

[corolaelwis]

Well, let's hope it doesn't take that long.

At least another 12 years for that to happen i think...Dems taking the WH that is.

[gkruCRi1]

I can't believe the remarks here. The market went down 3%. That's not a "big hit" even for a one day drop.




Good thing you're not my stock broker. If you are in the business, you should know better than to say what you expect without reason and if you're not, it's pretty obvious. I hope you didn't try to short anything Samantha.

I'm not here to give her stock advice but to discuss social studies and politics. And you can't be serious that this was a 'minor' development in business. If what you are getting at is cyclical trends, that is a different matter, but those kinds of downturns are not good when it happens on your dime, literally. As for my stocks, I do exceptionally well in knowing what to buy and when to buy or sell as I take it clinically like any other form of gambling where you can get educated on the bets.

[corolaelwis]

I expect it to go down, yes.

Looks like the Blue Chips are holding okay today with a good rebound from yesterday's hiding; i think a lot of people were just waiting to say we're hitting a recession but it looks as if that's just a distant scenario. It will be interestng to see what Bernanke does in response to this.

[corolaelwis]

I could actually hear all the animals, rivers, and forests breathe a quick sigh of relief on that news. But even they knew man would rebound and continue to destroy them.

Look this is just the market going up and down...liberals will obviouly say that investing money is a disasterous thing and that communism is the only way to go but at least you see a positive to this; or to say at least another plus side to the market's rebounding will be the further destruction of environmental and agricultural garbage.

[gkruCRi1]

Looks like the Blue Chips are holding okay today with a good rebound from yesterday's hiding; i think a lot of people were just waiting to say we're hitting a recession but it looks as if that's just a distant scenario. It will be interestng to see what Bernanke does in response to this.

It isn't yet sure if there will be a recession, although some factors are pointing to that as Greenspan mentioned. The kinds of uncertainty in what he said causes alot of jitters and panic about whether it will happen and how bad.