Another Fun Day in the Mkt... - Page 4

X5rolls · #1 02-20-2009, 06:54 PM

yes, something is wrong - the banks are about to be nationalized and shareholder value will be wiped out. Or that is the fear anyway. Currency will take beatings all over the world - Gold is on the way up.

lakai · #2 02-20-2009, 07:20 PM

Quote:

Originally Posted by X5rolls

yes, something is wrong - the banks are about to be nationalized and shareholder value will be wiped out. Or that is the fear anyway. Currency will take beatings all over the world - Gold is on the way up.

I understand what you are saying, but this is nothing like that. This is a massive intervention in the USD. It was a coordinated move that would have required billions to accomplish. For all we know it could be the good ol' PPT. Who knows.

Lambeau · #3 02-20-2009, 11:42 PM

Anyone know what will happen to my GM stock if they declare Chapter 11? I only have about 750 shares but still... GM is under $2 now. Would it be too risky to buy more???

LeMansX5 · #4 02-21-2009, 12:28 AM

Quote:

Originally Posted by Lambeau

Anyone know what will happen to my GM stock if they declare Chapter 11? I only have about 750 shares but still... GM is under $2 now. Would it be too risky to buy more???

GM stock will be worth pennies to zero if they file ch 11.

X5rolls · #5 02-21-2009, 08:31 AM

hmmmm.... ok, any better idea yet? You have my curiosity.

Quote:

Originally Posted by lakai

I understand what you are saying, but this is nothing like that. This is a massive intervention in the USD. It was a coordinated move that would have required billions to accomplish. For all we know it could be the good ol' PPT. Who knows.

AzNMpower32 · #6 02-23-2009, 05:09 PM

I'm very curious as to how low the stock market can go. (Of course, we don't really have anything in stock, so we're sitting on the sidelines watching)

X5rolls · #7 02-23-2009, 07:24 PM

It's impossible to know how low it will go - there is no recent historical way to predict the future. Smart guys like Warren Buffett went back in a few months ago and his fund is now at it's lowest ever, something like 71k I think. He knows the market, maybe we are there now... I'm not ready, going to take my non 401k money and keep it in CDs. I want to be able to continue to sleep at night with my nest egg.

motordavid · #8 03-02-2009, 02:56 PM

And we all thought that GM qtrly loss was a laugher...
AIG loses $62 Billion last qtr.

They "make" good stuff though: some insurance, and a truckload of
CDSs, securitized crap sandwiches, and on and on and...
No Sweat: another $30 Billion waiting in the wings for them,
courtesy of the non-stop printing presses vis a vis us, the taxpayers.

I'm guessing 6K or, maybe even 5500, in the next few weeks/months,
before the carnage is over. It may be a long time, Boys&Girls, before
happy days are here again.

Thunder22 · #9 03-02-2009, 02:57 PM

It's getting scary now. 6800 is insane.

LeMansX5 · #10 03-02-2009, 03:09 PM

Getting very tired of looking at this chart.