Originally Posted By kennect Best part of all of this fun is the idea that for me personally I am getting double whammies all at once... Here in Atlanta over the last couple of weeks I truly discovered, for the first time in my life, how bad things can get...If any of you read about our gas shortage let me tell it was real...There simply was no gas in this city for well over a week...Finally there is some but things still aren't back to normal...This gas thing around here showed me pretty quick how life can and does turn on a dime....
Originally Posted By fkurucz Here is another doozie, Iceland is in big trouble: <a href="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4894904.ece" target="_blank">http://business.timesonline.co...4904.ece</a>
Originally Posted By Mrs ElderP The Iceland thing is interesting to me. Just with in the last couple of months I've been hearing how Iceland has really turned things around, now this. Hmmm...
Originally Posted By mawnck Hummm.... where were we? Oh yeah ... Down 236. It's yesterday once morrrrrrrre.
Originally Posted By mawnck Down 325 and falling. The short sale ban is lifted as of Thursday, BTW, for whatever that's worth.
Originally Posted By vbdad55 that sound you are hearing is not screaming from Expedition Everest, it's the glass half full investors who jumped in yesterday to catch the 'recovery'
Originally Posted By DyGDisney Hoping it climbs back up today. We've moved 95% of our 401K into Bonds and Money Market, but it won't take effect until after close today. We can't afford to lose any more!
Originally Posted By Sport Goofy I'm not encouraged by the pattern. As I surmised yesterday, Black Tuesday was worse than Black Monday. That was the pattern in 1929. The percentage losses aren't as severe -- but the indexes have already had substantial losses throughout the year which might mute the severity of declines at this point.
Originally Posted By hopemax > The percentage losses aren't as severe -- but the indexes have already had substantial losses throughout the year which might mute the severity of declines at this point. < Report out today, retirement accounts have lost 2 Trillion in the last 15 months. <a href="http://biz.yahoo.com/ap/081007/meltdown_retirement.html" target="_blank">http://biz.yahoo.com/ap/081007...ent.html</a>
Originally Posted By Mr X Ugh...yikes. Here's one thing too, the "slow bleed" is just as devastating (how much have we dropped this year now, 30%? more than that in Nasdaq I think), but like the proverbial boiling toad people stay in thinking "well, no sense getting out now". Which is fine for folks with a long time horizon, most likely, but some others are naive about just how long a recovery could take (assuming it begins soon, I see little evidence of that!). More reason why I don't like all this government interference. Instead of one big capitulation, we get small crash after small crash and down and down we go. In any case, with the fed firing yet another "magic bullet" this morning..it's pretty scary that even THAT wasn't enough to keep things aloft (perhaps the short sellers WEREN'T to blame after all lol), even for a day where recovery was evident in Asia and elsewhere. Scary stuff.
Originally Posted By Mr X Tokyo's Nikkei average in full crash mode now, down a thousand points. While I appreciate RoadTrip's optimism on this stuff, sometimes that has to make way for looking at things realistically. I'm afraid for my job right now, and those of my loved ones, and it's tough to grab rose colored glasses while all this is going down! Hope things turn around soon!
Originally Posted By Mr X Thanks EC, but don't worry ec, I don't have (nor have I ever) anything in the Nikkei. I'm just concerned for the world economy right now...this is heavy stuff and even though I thought it would end badly it's really scary to watch it unfold!
