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  World stocks plummet
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Author Topic: World stocks plummet  (Read 1888 times)
Michael Z
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« on: February 27, 2007, 05:27:53 pm »

http://news.bbc.co.uk/1/hi/business/6400789.stm

This is bad, right?
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ilikeverin
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« Reply #1 on: February 27, 2007, 06:48:46 pm »

Maybe it will help people realize that the frantic attitude of speculation that's infested the stock market for the past half a year or so isn't the best way to go about things?

Bah, might as well wish that Americans actually saved money.
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Colin
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« Reply #2 on: February 27, 2007, 07:42:27 pm »

Mostly it was a sharp drop in stock prices in China that lead to insecurity and a selling of major European indices and then a major sell off from the American market. A massive snowballing effect that really had more to do with timezones than economic problems. We'll see what happens tomorrow.
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David S
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« Reply #3 on: February 27, 2007, 07:51:26 pm »

I don't think I'd panic just yet. The Dow and the S&P were down about 3% today, but are still up for the year. If you own stocks you have to get used to the ups and downs. The important thing is to think long term and adjust your holdings to your risk tolerance, and be diversified.

The market is somewhat over valued right now in my opinion, so its possible it will fall more. Its painful when that happens but then again nobody cries when its going up. (Well except for short sellers and people who trade options  Smiley )
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opebo
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« Reply #4 on: February 27, 2007, 08:53:14 pm »

Of course stocks plummeting is a sign that there are many impracticalities with the current system, but usually it is a good sign for 'the economy' and the commoners.  Such crisis often precipitate a Keyensian response, which is the only way workers every recieve any improvement in the capitalist system.
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Bandit3 the Worker
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« Reply #5 on: February 27, 2007, 09:40:36 pm »

http://news.bbc.co.uk/1/hi/business/6400789.stm

This is bad, right?

No, this is good!

The stock market is built on the backs of everyone else, and if it suffers, we prosper. Look what happened in the late '90s when the market was booming - yet everyone was out of work.
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David S
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« Reply #6 on: February 27, 2007, 10:09:44 pm »

http://news.bbc.co.uk/1/hi/business/6400789.stm

This is bad, right?

No, this is good!

The stock market is built on the backs of everyone else, and if it suffers, we prosper. Look what happened in the late '90s when the market was booming - yet everyone was out of work.

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.
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Bandit3 the Worker
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« Reply #7 on: February 27, 2007, 10:12:46 pm »

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.
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Beet
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« Reply #8 on: February 27, 2007, 10:36:04 pm »

Mostly it was a sharp drop in stock prices in China that lead to insecurity and a selling of major European indices and then a major sell off from the American market. A massive snowballing effect that really had more to do with timezones than economic problems. We'll see what happens tomorrow.

The Chinese stock market was up 130 percent over the past year, so a 9 percent drop is not much. Same for the Dow, it is still way above 12,000. I would look at this as a buying opportunity in both countries.
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patrick1
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« Reply #9 on: February 27, 2007, 11:56:14 pm »

Mostly it was a sharp drop in stock prices in China that lead to insecurity and a selling of major European indices and then a major sell off from the American market. A massive snowballing effect that really had more to do with timezones than economic problems. We'll see what happens tomorrow.

The Chinese stock market was up 130 percent over the past year, so a 9 percent drop is not much. Same for the Dow, it is still way above 12,000. I would look at this as a buying opportunity in both countries.

That is what I am doing. I already have buy orders in.
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12th Doctor
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« Reply #10 on: February 28, 2007, 12:42:39 am »

LET THE GOOD TIMES ROLL!!!

Img


Img


Img
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opebo
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« Reply #11 on: February 28, 2007, 01:01:17 am »

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

It is funny that Bandit has developed a reputation among the deludeds on this board, because he has a better understanding of economics than any of them.

Supersoulty's depression photos would not look unfamiliar to the lower half of the population in america today.
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12th Doctor
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« Reply #12 on: February 28, 2007, 01:14:41 am »

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

It is funny that Bandit has developed a reputation among the deludeds on this board, because he has a better understanding of economics than any of them.

Supersoulty's depression photos would not look unfamiliar to the lower half of the population in america today.

As someone who comes from "the lower half" (as opposed to you) I can assure you that times are no where near that bad.
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opebo
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« Reply #13 on: February 28, 2007, 09:08:10 am »

As someone who comes from "the lower half" (as opposed to you) I can assure you that times are no where near that bad.

How much money do you recieve?  And do you live with your parents?
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David S
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« Reply #14 on: February 28, 2007, 11:19:21 am »

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.

Wow!!!!
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Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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« Reply #15 on: February 28, 2007, 11:22:36 am »

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.
Wow!!!!

you have to understand that Bandit has failed to grow up and still lives with his mother.
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bullmoose88
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« Reply #16 on: February 28, 2007, 11:47:01 am »

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.
Wow!!!!


You have to understand that Bandit has failed to grow up and still lives with his mother.

The Welfare System of New America EXPOSED. On the next jmfcst...
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opebo
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« Reply #17 on: February 28, 2007, 02:53:43 pm »

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.
Wow!!!!


You have to understand that Bandit has failed to grow up and still lives with his mother.

The Welfare System of New America EXPOSED. On the next jmfcst...

Actually 'still lives with his mother' is the explanation for most of the right-wingers on this board. 

Bandit may not always have all the details in hand, but he is completely correct in saying that the late nineties were in fact a terrible period for the lower working class (as are all periods under capitalism).
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Colin
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« Reply #18 on: February 28, 2007, 04:05:54 pm »

Mostly it was a sharp drop in stock prices in China that lead to insecurity and a selling of major European indices and then a major sell off from the American market. A massive snowballing effect that really had more to do with timezones than economic problems. We'll see what happens tomorrow.

The Chinese stock market was up 130 percent over the past year, so a 9 percent drop is not much. Same for the Dow, it is still way above 12,000. I would look at this as a buying opportunity in both countries.

That is what I am doing. I already have buy orders in.

I bought alot of Chinese stocks today as well, for an online stock market game that we've been doing in my econ class not actual investing yet, but they seemed to have some good gains today. Smiley
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12th Doctor
supersoulty
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« Reply #19 on: February 28, 2007, 04:18:45 pm »

As someone who comes from "the lower half" (as opposed to you) I can assure you that times are no where near that bad.

How much money do you recieve?  And do you live with your parents?

I don't "recieve" any money.  I do not live with my parents.
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Beet
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« Reply #20 on: February 28, 2007, 09:45:30 pm »

Mostly it was a sharp drop in stock prices in China that lead to insecurity and a selling of major European indices and then a major sell off from the American market. A massive snowballing effect that really had more to do with timezones than economic problems. We'll see what happens tomorrow.

The Chinese stock market was up 130 percent over the past year, so a 9 percent drop is not much. Same for the Dow, it is still way above 12,000. I would look at this as a buying opportunity in both countries.

That is what I am doing. I already have buy orders in.

I bought alot of Chinese stocks today as well, for an online stock market game that we've been doing in my econ class not actual investing yet, but they seemed to have some good gains today. Smiley

I'm waiting for a deposit to go through to my broker, then I will load up on energy and an eastern europe mutual fund. Anyway, the jitters this week remind me of May 2006.
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ilikeverin
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« Reply #21 on: February 28, 2007, 10:55:48 pm »

http://news.bbc.co.uk/1/hi/business/6400789.stm

This is bad, right?

No, this is good!

The stock market is built on the backs of everyone else, and if it suffers, we prosper. Look what happened in the late '90s when the market was booming - yet everyone was out of work.

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.

Actually, Black Tuesday was just a symptom of the Great Depression, not a cause.  But never mind that Wink
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opebo
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« Reply #22 on: March 01, 2007, 12:04:29 am »

As someone who comes from "the lower half" (as opposed to you) I can assure you that times are no where near that bad.

How much money do you recieve?  And do you live with your parents?

I don't "recieve" any money.  I do not live with my parents.

So how is it you do not perish without any income?
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12th Doctor
supersoulty
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« Reply #23 on: March 01, 2007, 05:32:05 am »
« Edited: March 01, 2007, 05:43:16 am by Supersoulty »

As someone who comes from "the lower half" (as opposed to you) I can assure you that times are no where near that bad.

How much money do you recieve?  And do you live with your parents?

I don't "recieve" any money.  I do not live with my parents.

So how is it you do not perish without any income?

I have attained a certain level of financial independence, but I won't say how, becuase I don't believe it to be any of your business.  Before that, I earned my money working and I have still worked through college doing various things.
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opebo
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« Reply #24 on: March 01, 2007, 01:23:24 pm »

As someone who comes from "the lower half" (as opposed to you) I can assure you that times are no where near that bad.

How much money do you recieve?  And do you live with your parents?

I don't "recieve" any money.  I do not live with my parents.

So how is it you do not perish without any income?

I have attained a certain level of financial independence, but I won't say how, becuase I don't believe it to be any of your business.  Before that, I earned my money working and I have still worked through college doing various things.

Ok, so you do recieve money.
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