Stock Market

Discussion in 'Current Events' started by moreluck, May 6, 2010.

  1. moreluck

    moreluck golden ticket member

    That was quite a moment watching the stock market plunge 1000 points in just minutes !!
    Scary stuff.....you just hold on and don't fall off the ride. :knockedout:
     
  2. klein

    klein Für Meno :)

    Isn't it awlful. Could be another world wide recession. This time no more money left for stimulus. The double dip recession.... I sure hope not.
     
  3. brett636

    brett636 Well-Known Member

    Its time to kiss the Euro goodbye. Even if they bailout Greece they still have Spain, Portugal, and Italy to worry about. The creation of the government nanny state has created chickens that have come home to roost. You can't guarantee health care, retirement at age 55, and a host of other things without creating a flimsy economy supported by huge government debts due to explode sometime in the near future. The DOW is a victim of this mess, but will rebound as time marches on and Europe has a reduced influence in the global economy.
     
  4. Jones

    Jones fILE A GRIEVE! Staff Member

    It's the moment I've been waiting for, time to go all in :happy2:.
     
  5. moreluck

    moreluck golden ticket member

    I'm thinkin' it was a 'glitch'. Hubby tried to jump in for some options and couldn't get on to his account.
     
  6. moreluck

    moreluck golden ticket member

    This will be an example as to what happens when your country is socialist....take notice Mr. BRACK ODRAMA !!
     
  7. moreluck

    moreluck golden ticket member

    The people who jumped in on Procter & Gamble when Cramer said to made tons of $$$.
     
  8. Jones

    Jones fILE A GRIEVE! Staff Member

    That's what the story will be. The truth is we're just not in the right club.
     
  9. bbsam

    bbsam Moderator Staff Member

    I think you mean the right tax bracket.
     
  10. fxdwg

    fxdwg Member

    I've had PG for years and they never pay the dividends as well as UPS. I didn't make Beucoup $$$ as I didn't sell and won't for a while.
    The "Glitch" is probably a Government thing to ease our concerns about Greece and the EU, in general.
    I DO know that I'm getting $0.47 a share next month and that feels good. 4X a year!!!
     
  11. Jones

    Jones fILE A GRIEVE! Staff Member

    Bingo. If you don't have a mansion in Connecticut, no soup for you:happy-very:
     
  12. tieguy

    tieguy Banned

    investors are discovering the economic recovery has been smoke and mirrors.
     
  13. Baba gounj

    Baba gounj pensioner

    hang on to your wallets tomorrow the job report comes out and it will be another dump europe day.
     
  14. klein

    klein Für Meno :)

    Nope, it will rebound ! Since today was a mix up, with someone dumping 1 Million shares, but mistakenly was read or typed in with 1 Billion shares.
     
  15. moreluck

    moreluck golden ticket member

    I can't believe our entire stock market hinges upon whether someone has fat thumbs or not !!!
     
  16. klein

    klein Für Meno :)

    Now, wouldn't it be something, if it was Goldman Sachs pretending to dump 1 Billion shares.... and buying them all back as the market dropped ? :knockedout:
     
  17. TechGrrl

    TechGrrl Space Cadet

    It's worse--computers do it in milleseconds; no human intervention....
     
  18. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    All of the trades between 2:40 and 3:00pm are being cancelled.

    My 401k lost 10% yesterday.
     
  19. Baba gounj

    Baba gounj pensioner

    US Payrolls Jump by 290,000 But Jobless Rate Hits 9.9%

    Census hiring contributed 66,000 jobs. ( temp jobs ).
    The unemployment rate, however, rose to 9.9 percent as discouraged workers re-entered the labor force to look for work.
    About 8.2 million jobs were lost during the recession and economists warn it is likely to take years to regain that lost employment.
     
  20. klein

    klein Für Meno :)

    Should have been cancelled from 2:40 on, till end of day. Tons of automatic/computerized stop-losses kicked in after that trade/fall.