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Thread: Wall Street, how low?
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Re: Wall Street, how low?
http://www.denninger.net - Home page with blog links and more
http://market-ticker.org - The Market Ticker
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Re: Wall Street, how low?
Let me put it this way - if they don't unstick LIBOR - and fast - there won't be anything coming over from places like China within the next couple of weeks, and delivery of things like FOOD may be impacted, as commercial credit is seizing from the outside in. So far consumers aren't seeing it and neither are most small businesses, nor are the huge superconglomerates (think GE.) However, everyone in the middle is another situation entirely, especially if you have financial exposure.
You draw your own conclusions on what that does to the markets (and everything else) if it occurs.
For what its worth things eased up A BIT today, but not much. This is the "real deal" - not the stock market. The talking heads are all playing "blue sky and no clouds"..... uh, no.http://www.denninger.net - Home page with blog links and more
http://market-ticker.org - The Market Ticker
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10-10-2008 08:25 PM #15Senior Member
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10-10-2008 09:05 PM #16Senior Member
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10-11-2008 09:13 AM #18Senior Member
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Re: Wall Street, how low?
Hey Dave Don't be to hard on yourself I've heard that happens as you get older.
Brian
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10-11-2008 12:07 PM #19Senior Member
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Re: Wall Street, how low?
Guys, you don't need to worry! It's only a loss if you sell!!!!! note: SARCASM
People on the interweb forums seriously say "my 401k is down 40% this year, but it's ok, it's not a real loss"
haha, sold to you, morons.
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10-12-2008 12:32 AM #20Senior Member
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