Will there be a little crash in stock market today? (9/15)

Discussion in 'General Chat' started by jimmy2100, Sep 15, 2008.

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  1. #1
    Everything seems collasping. Lehman brothers seems going to file bankruptcy protection, and Wa Mu is asking assistance from FDIC...
    Very scary financial world out there recently...:(
     
    jimmy2100, Sep 15, 2008 IP
  2. jimmy2100

    jimmy2100 Peon

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    #2
    Sorry for repost, maybe the server didnt update immediatly now...strange
    Everything seems collapsing. Lehman brothers is ready to file their bankruptcy protection, and Wa Mu is asking assistance from FDIC...
    It's a scary financial world out there...:(
     
    jimmy2100, Sep 15, 2008 IP
  3. wisdomtool

    wisdomtool Moderator Staff

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    #3
    The futures indicate a 400 point drop in the Dow Jones, I would expect it to be more than just a little crash, as more and more banks gets into troubles. The latest being UBS.....
     
    wisdomtool, Sep 15, 2008 IP
  4. kanwarjot

    kanwarjot Notable Member

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    #4
    Indian markets were very low today...at one time it was as low as 1k points but then it regained and closed at 469 points down..
    Through out the world the markets are crashing :(
     
    kanwarjot, Sep 15, 2008 IP
  5. cool_78

    cool_78 Guest

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    #5
    The Philippine stock market also plunges down 100+ points. Scary time to be an investor in stocks these days.
     
    cool_78, Sep 15, 2008 IP
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  6. orlando2008

    orlando2008 Peon

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    #6
    No small crash in stock market,but gigantic crash and crush down the USA economy
     
    orlando2008, Sep 15, 2008 IP
  7. lycos

    lycos Well-Known Member

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    #7
    Small crash? Practically it's a complete meltdown, I would say. It's pretty rocky out there.
     
    lycos, Sep 15, 2008 IP
  8. sachin410

    sachin410 Illustrious Member

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    #8
    Whenever you are wondering about market opening, just look the pre-market quotes.

    For US market indices, one can look at

    http://money.cnn.com/data/premarket/

    (Pre-market session closes at 9:20 AM).

    For individual stocks, I prefer Google finance:

    http://finance.google.com/finance?q=AIG.

    You can replace "AIG" with other stock symbols.
     
    sachin410, Sep 15, 2008 IP
  9. dairyman

    dairyman Notable Member

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    #9
    Wonder whether the downturn will continue for the coming days and imagine the position of the long term investors who had some solace with the stability of the stocks in recent days. Again the stocks are up for grab by the bears :(
     
    dairyman, Sep 15, 2008 IP
  10. wisdomtool

    wisdomtool Moderator Staff

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    #10
    AIG is getting into trouble and I doubt it will be able to raise capital easily given that its share prices drop by more than half. Today drop of about 300 points is not too bad considering the sheer amount of negative news and only one bright spark - crude oil prices.

     
    wisdomtool, Sep 15, 2008 IP
  11. gotwork

    gotwork Peon

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    #11
    Looks bad right now. But we always seem to recover. Just a great indication that any business can fall, no matter how powerful it seems.
     
    gotwork, Sep 15, 2008 IP
  12. wisdomtool

    wisdomtool Moderator Staff

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    #12
    We will recover :) This is part of the economic cycle, though it was delayed for a long time under Greenspan. This may make the next recession far more severe than the previous. But whatever it is, what goes down and come up and vice versa. Also the long term trend for the stock market is always up and far higher than USA Treasury Bonds in terms of yield.

     
    wisdomtool, Sep 15, 2008 IP
  13. gauravgrt

    gauravgrt Peon

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    #13
    Bcoz america's fourth largest bank "Lehman Bros." had filed bankruptcy today.
     
    gauravgrt, Sep 15, 2008 IP
  14. theworldwinner

    theworldwinner Well-Known Member

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    #14
    well AIG's future too is not that much secure
     
    theworldwinner, Sep 15, 2008 IP
  15. adhauliya

    adhauliya Peon

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    #15
    Well everything is not constant, like days come after night likewise the economy will eventually come out of this phase. The important thing is that we have learned a big lesson from this episode that is how some unchecked financial practices can ruin the economy a whole nation and have its impact on the economies of other counties as well.
     
    adhauliya, Sep 15, 2008 IP
  16. adhauliya

    adhauliya Peon

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    #16
    well according to the market scenario the possibility is there that market will be down for some time.
     
    adhauliya, Sep 15, 2008 IP
  17. george12005

    george12005 Peon

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    #17
    I`m so glad that I don`t live in USA...,lol
     
    george12005, Sep 15, 2008 IP
  18. Jarodboy

    Jarodboy Prominent Member

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    #18
    Bad times to put money on stocks guys...
     
    Jarodboy, Sep 15, 2008 IP
  19. eagleshot

    eagleshot Active Member

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    #19
    With all joking aside! The United States is in deep shit! I have lost 30% of my bleeping retirement over the last 3 years! I can't take it anymore, we need to reassess the situation, and take control of the situation. We are headed for a major rescission!
     
    eagleshot, Sep 15, 2008 IP
  20. abercrombie

    abercrombie Peon

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    #20
    i'm looking for any good lists of dofollow blogs that are covering this event for commenting. :D
     
    abercrombie, Sep 15, 2008 IP
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