People Screaming On The Floor Of The Nyse

Discussion in 'Economy' started by DavidS, Oct 10, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Around 5 minutes ago when the stocks rebounded from being down almost 1000 points, there was SCREAMING on the floor... absolute SCREAMING. It was absolute chaos. I was watching it on CNBC.
     
  2. Valerie
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    Valerie Gold Member

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    Buy low!!! :razz:
     
  3. Valerie
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    Valerie Gold Member

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  4. editec
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    editec Mr. Forgot-it-All

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    Dow's down 314.74 points right now.

    Obviously they need to scream a tad louder.
     
  5. Paulie
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    Paulie Platinum Member

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    They screamed because it broke -200, rallying from -700. They screamed again when it went positive. So what?

    Could you stop wasting bandwidth to post about nothing?
     
  6. editec
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    editec Mr. Forgot-it-All

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    Its down about 400 points now.

    We're not screaming about nothing, We'd be thrilled with nothing.

    We're screaming about less than nothing.
     
  7. Ravi
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    Ravi Diamond Member

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    What exactly does it mean when the stock market crashes? Does it have to fall a certain amount, or what...and if it does, what will happen?
     
  8. Paulie
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    Paulie Platinum Member

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    "we're"?

    You were in the DOW pit earlier?
     
  9. Valerie
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    Valerie Gold Member

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    It's just a capitulation or revaluation and it is actually healthy for the market to sort of cleanse itself in this way. If a company has real earnings and real growth prospects then it should be a solid investment regardless. The desirable price to earnings ratio might change as the market changes, but good money always finds good money eventually, like a natural progression. Sort of like the natural progression of water always finding water in the natural world.
     
  10. Paulie
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    Paulie Platinum Member

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    That's a pretty good explanation. One you certainly won't see the MSM give after a big drop. Not every company that's dropping hard is a bad investment right now. GE has come down hard over the last year, but I see them as a rock solid position in the long run.

    Hey I didn't see your post above about GE, that's funny. CNBC focused on them earlier, and it just seems hard to imagine them staying down.
     
    Last edited: Oct 10, 2008

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