Oct 12, 2008, 08:56 AM
Drunken_F00l Wrote:My post was a joke, just to make it clear.
Phew! And to think I was warming up my Paypal account so I could send you a $10,000 donation to keep SourceOP going. No need for that now!
:lol:
us economic crises?
Phew! And to think I was warming up my Paypal account so I could send you a $10,000 donation to keep SourceOP going. No need for that now!
:lol:
Oct 13, 2008, 06:09 PM
So the dow closed today OVER 9000 points up 936 from Friday.
Oct 13, 2008, 06:21 PM
Drunken_F00l Wrote:So the dow closed today OVER 9000 points up 936 from Friday.
Aye, a great start to a slow climb. I'm too young to remember the crash of '87 but read this article today that discusses the two best-known crashes and how long it took to "recover" from them.
http://www.iht.com/articles/ap/2008/10/1...veries.php
Based on history though, my opinion is we'll recover from this one even more quickly than the 80's crash so I'm agreeing with Rostov on this one.
Oct 13, 2008, 06:38 PM
Drunken_F00l Wrote:So the dow closed today OVER 9000 points up 936 from Friday.
i saw that today and it really brought me a lot of relief.
granted, it could just be a few "big-time" investors trying to single handedly instill confidence into the market.. a similar event happened before the final "fatal" crash in 1930's
Oct 13, 2008, 07:50 PM
Zeitgeist Wrote:Drunken_F00l Wrote:So the dow closed today OVER 9000 points up 936 from Friday.
i saw that today and it really brought me a lot of relief.
granted, it could just be a few "big-time" investors trying to single handedly instill confidence into the market.. a similar event happened before the final "fatal" crash in 1930's
Economics is a nasty, complicated subject, but by its dizzying nature, a recovery COULD ALREADY be underway IN SOME PARTS of the economy. You see, the housing market started to drop some 15 months ago. The housing market may still need to bottom out, but then it will climb upwards. This event would largely unnoticed in the media since they'll be busy focusing on all the bad news from the financial sector/Wall St. Alluding to the economic cycle earlier, while the economy moves together in general terms, some parts of the economy will start to rise/fall at different times.(usually within 6-8 months of each other). I'm not saying recovery has started. Usually the economy has begun recovery and has been recovering for some time before the public/media starts to notice.
phew! Enough complicated rubbish. Let's move on to something softer....
Oct 13, 2008, 09:16 PM
economix be up in my head, hurtin my cells 
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