Anyone viewing the current bloodbath in the global markets?

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This is getting, as expected, really bad. Europe's debt is like a leaking dam, U.S. markets freefalling, and 'real' unemployment still rising.

As a positive, gold is a shooting star right now. Anyone else pull out of the markets?
 
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Rick Santelli is fired up beyond beliefe. The look of disgust on his face when they were asking him about the downgrade was classic.
 
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I pulled out last thursday. Get out while you still can.  Confident the dow will go under 10,000 soon, and then lower.  Loving and holding onto my gold for now, but I will sell if it goes back into the $1,500 range...
 
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I know jack #*+* about markets and whatnot. But I know "DOW down 300" is not a good thing.

Can I get a quick rundown of what's happening right now? Cliffs, articles, anything?
 
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Originally Posted by James Earl Zones

I know jack #*+* about markets and whatnot. But I know "DOW down 300" is not a good thing.

Can I get a quick rundown of what's happening right now? Cliffs, articles, anything?
http://www.marketwatch.com/story/us-stocks-open-sharply-lower-on-downgrade-2011-08-08-946330

NEW YORK (MarketWatch) — U.S. stocks fell sharply Monday as Wall Street got its first clear shot at reacting to Standard & Poor’s downgrade of U.S. credit.

“The S&P is now down about 14% over the last 11 sessions, making this decline a top-20 event. The rapidity of the decline and its force now rivals almost anything we’ve seen in the post-war era,
 
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Originally Posted by James Earl Zones

I know jack #*+* about markets and whatnot. But I know "DOW down 300" is not a good thing.

Can I get a quick rundown of what's happening right now? Cliffs, articles, anything?
Markets reacting to S&P's downgrade of the US Credit rating. Financials are getting destroyed right now.

BAC below $7 for the first time since mid-09. Anyone else thinking about getting in if it drops below $6?

  
 
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DOW now down 270, someone's trying to play pretend.



I wouldn't touch BAC with a 10-foot pole. I remember Fast Money recommending BAC when it was at $12-13, what a joke! Get those clowns some red noses
 
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Originally Posted by finnns2003

DOW now down 270, someone's trying to play pretend.



I wouldn't touch BAC with a 10-foot pole. I remember Fast Money recommending BAC when it was at $12-13, what a joke! Get those clowns some red noses
I hear ya on that.  I'm keeping an eye on BAC and Ford, but IMO they still have not hit there lows yet.  I hate hoarding cash, but in a time like this there really isnt anything worth the risk right now...
  
 
T

trelvis tha thrilla

Guest
Its all stemming from fear. All the people with money going to swoop in tomorrow morning and buy stocks up at a cheap price.
 
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Originally Posted by Patmc13

Originally Posted by finnns2003

DOW now down 270, someone's trying to play pretend.



I wouldn't touch BAC with a 10-foot pole. I remember Fast Money recommending BAC when it was at $12-13, what a joke! Get those clowns some red noses
I hear ya on that.  I'm keeping an eye on BAC and Ford, but IMO they still have not hit there lows yet.  I hate hoarding cash, but in a time like this there really isnt anything worth the risk right now...
  
 I just feel like if I can scoop up 200 shares of BAC for $1,000-$1,200 then I should go ahead because I can afford to lose all of that and just keep it moving. But I feel like within the next year or two it'll bounce back and my 200 shares could be worth $2,000-$3,000 which wouldn't be a terrible ROI.

  
 
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real talk ive been in the negative for the last 3 months. Im bout to save up my next two paychecks and buy at the bottom
 
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Destination Kicks wrote:
 I just feel like if I can scoop up 200 shares of BAC for $1,000-$1,200 then I should go ahead because I can afford to lose all of that and just keep it moving. But I feel like within the next year or two it'll bounce back and my 200 shares could be worth $2,000-$3,000 which wouldn't be a terrible ROI.

  
Down almost 15%, lol it is tanking.  Investors are going to start to panic.  It will bounce back like it did in 09, its just a guess whether this is the low or if it's going to get worse.  
 

mikeu

Banned
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Originally Posted by TeamJordan79

its the beginning of the end
to be honest i seriously think these are couple signs if the world really coming an end to 2012
  
 
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Originally Posted by finnns2003

People's 401k's are going to go to swiss cheese again, when will people learn...
I currently am interning at one of the biggest retirement plan managers in the world and it's surprisingly quiet over here.
 *kanyeshrug.gif*

  
 
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