The Serious Stock Market Crash Thread

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

  1. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,720
    Thanks Received:
    11,048
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,046
    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
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,062
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,922
    Wait for another Euro bail-out.
     
  3. JWBooth
    Offline

    JWBooth Gold Member

    Joined:
    Jul 15, 2009
    Messages:
    6,799
    Thanks Received:
    1,555
    Trophy Points:
    200
    Location:
    Fredonia Republic
    Ratings:
    +1,957
    And the Asian markets?
     
  4. strollingbones
    Offline

    strollingbones Diamond Member

    Joined:
    Aug 18, 2008
    Messages:
    65,593
    Thanks Received:
    15,609
    Trophy Points:
    2,190
    Location:
    chicken farm
    Ratings:
    +31,897
    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
    Offline

    strollingbones Diamond Member

    Joined:
    Aug 18, 2008
    Messages:
    65,593
    Thanks Received:
    15,609
    Trophy Points:
    2,190
    Location:
    chicken farm
    Ratings:
    +31,897
    i believe the japansese market tanked too
     
  6. JWBooth
    Offline

    JWBooth Gold Member

    Joined:
    Jul 15, 2009
    Messages:
    6,799
    Thanks Received:
    1,555
    Trophy Points:
    200
    Location:
    Fredonia Republic
    Ratings:
    +1,957
    I see gold us up five bucks overnight,
     
  7. martybegan
    Offline

    martybegan Gold Member

    Joined:
    Apr 5, 2010
    Messages:
    29,281
    Thanks Received:
    4,000
    Trophy Points:
    290
    Ratings:
    +10,915
    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
    Offline

    Ravi Diamond Member

    Joined:
    Feb 27, 2008
    Messages:
    81,329
    Thanks Received:
    12,694
    Trophy Points:
    2,205
    Location:
    Hating Hatters
    Ratings:
    +29,772
    IMO, the looming government spending cuts are contributing to world wide panic.
     
  9. JWBooth
    Offline

    JWBooth Gold Member

    Joined:
    Jul 15, 2009
    Messages:
    6,799
    Thanks Received:
    1,555
    Trophy Points:
    200
    Location:
    Fredonia Republic
    Ratings:
    +1,957
    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
    Offline

    JWBooth Gold Member

    Joined:
    Jul 15, 2009
    Messages:
    6,799
    Thanks Received:
    1,555
    Trophy Points:
    200
    Location:
    Fredonia Republic
    Ratings:
    +1,957
    Dow futures jumping on 9.1 unemployment rate.
     

Share This Page