The Serious Stock Market Crash Thread

Discussion in 'Stock Market' started by Toro, Aug 5, 2011.

  1. Toro
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    Toro Diamond Member

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    The other thread has turned into the usual mindless political hack garbage. This thread is to discuss the stock market crash without blaming everything on Republicans or Democrats by people who barely know the difference between a stock and livestock.

    The UK has fallen 12% in 5 days. Switzerland has fallen 17% in 2 weeks.
     
  2. KissMy
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    KissMy Free Breast Exam

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    Wait for another Euro bail-out.
     
  3. JWBooth
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    JWBooth Gold Member

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    And the Asian markets?
     
  4. strollingbones
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    strollingbones Diamond Member

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    i am being told to hold and wait.....i cant wait to see the august statement but i dont think it will reflect what has happened....i am not sure what the close date is for the august statement...
     
  5. strollingbones
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    strollingbones Diamond Member

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    i believe the japansese market tanked too
     
  6. JWBooth
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    JWBooth Gold Member

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    I see gold us up five bucks overnight,
     
  7. martybegan
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    martybegan Platinum Member

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    In my opinion a market drop like this is just like an industrial accident. Its usually not just one thing, its a cascade of "failures" that leads to it.

    The poor finanical state of the lesser Eurozone economies is finally starting to settle in with the investors. At this point the whole concept of the Euro is looking more and more like a bad idea. It limits slower economies fall back of last resort, money printing and inflation to stop an economy from tanking completely. Now the only thing left is for the stronger economies to bail out the weaker ones, and that fact is not making investors and producers in the stronger economies very happy.

    In the US I have noticed that the main effect of the debt limit debate is that people are really now starting to notice both the yearly deficit and the overall debt, along with how much money we spend every year on debt service. What investors are starting to see is that the US government is basically in a form of the same leverage crisis that torpedoed the investment banks.

    As for Asia I havent looked at that yet, but Asia could be a combination of China's economy starting to show the negative signs of its rapid and in some ways false expansion, as well as carry over from US and European markets.
     
  8. Ravi
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    Ravi Diamond Member

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    IMO, the looming government spending cuts are contributing to world wide panic.
     
  9. JWBooth
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    JWBooth Gold Member

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    When I first started watching this morning gold was up 7, then an hour ago it was u.p 5, now its up .8

    Oil down 1
     
  10. JWBooth
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    JWBooth Gold Member

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    Dow futures jumping on 9.1 unemployment rate.
     

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