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[Poll_Blind]

Don't think it ain't coming.

PB

[Hydra]

1. The problem with being a doomsayer

is that no one wants to hear it when you say "I told you so!!!"

I don't know why I keep doing it, but a few people listen now and then :bounce:

[Poll_Blind]

2. On this issue I think that anyone who predicts that this shit will...

...fall apart Monday through at least Thursday (and possibly beyond) likely qualifies not as DoomSayer but Market Analyst!

:D

PB

[Hydra]

3. haha!

But if it's negative, you're doomsaying- even if the facts are plain to see.

I told people the Anti-FISA law would be used to make Bush's legal issues previous to this go away, and I was told I was out of my mind. Big surprise today when he does just that! :sarcasm:

:evilgrin:

[nolabels]

4. Don't they shut it down when the Dow drops more than 500 pts?

They say a cooling off of over 2 days will make things better (but that time could also make things worse). Nobody with half a brain and a reasonable amount of money in stocks will listening to anything a corporate cadre have to say. With the feds less than legit infusion of funds people might be selling before the US domestic market even opens with all the open market spots overseas. That has been seen a couple times already. Next week could be a long week :shrug:

[Poll_Blind]

6. It's not just about the DOW, it's about lending banks going insolvent.

Sure it'll affect the DOW but right now we're looking at major bank failures. One in Atlanta just a few minutes ago, one in Germany (a major bank) which had to be assisted by another bank. Don't know what the bank situaiton in Asia is like but their markets are taking a big hit (~5% a few days ago).

I don't have time to fill in all the particulars but you can read most of it here on DU in the news over the last few days.

To recap though, this is not a typical "drop" in the market. It's about a credit bubble bursting. Institutions loaned out billions of dollars to risky clients & institutions and those are not able to pay now. That causes a money shock which goes far, far deeper than a regular drop in the market.

Hope that made sense, took about 3 minutes typing this up so your mileage may vary.

PB

[nolabels]

9. I would see the bank failures and stock drop more as a symptom

The realization of how business is being done is more of the problem. People don't grip their funds unless they assume (or know) there will be less of them later. The lackluster attempts of changing how the financial system is being run is a major part of the cause. The answer is things have been abused and some things are breaking and until things get righted and confidence is sustained the crap will keep getting worse.

[JuniperLea]

10. Nailed it!

:patriot:

[AlCzervik]

5. lots of du'ers and other regular "folks" have some money in 401k's and other funds

so i hope for the sake of our fellow working men and women there will be no black monday. I'm not wish anymore financial hardship on my fellow working man.

[nolabels]

7. Some of them people might take some crunch but the big speculators are in trouble

Those hedge funds that thrive on volatility, fast and easy credit and poor capitalization will be taking the biggest bath. Their overhead will eat them alive

[Catherine Vincent]

8. Should I withdraw my money from the bank before Monday?

I don't want to lose it, it's all I have besides my 401K.