Why are you so happy about this - don't you feel any compassion for retirees (for example) on 401K income? The greedy rich, I can understand - but this probably won't even affect them - it's the little guy getting screwed.
Quoting: Anonymous Coward 451266
Why keep something so artificial, easy to manipulate alive in the first place? Do the people who rely on their 401K deserve it? ABSOLUTELY NOT, but for things to get better it has to get worse. IMPLODE THE SYSTEM.
Anonymous Coward User ID: 362931 10/6/2008 4:10 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
What happened? They can't cheat after the bell rings?
I'm under the assumption that it always changes just shortly after closing. Not sure how it works but having seen other plunges, that's the same thing that happened last time. Either goes up slightly and gains or goes down slightly.
Quoting: PA-POOSE
I know, I was just saying, the great ppt rebound and holding of 10000 seemed to go away after the bell rang. A little attempt at humor.
Why are you so happy about this - don't you feel any compassion for retirees (for example) on 401K income? The greedy rich, I can understand - but this probably won't even affect them - it's the little guy getting screwed.
Why keep something so artificial, easy to manipulate alive in the first place? Do the people who rely on their 401K deserve it? ABSOLUTELY NOT, but for things to get better it has to get worse. IMPLODE THE SYSTEM.
Quoting: PA-POOSE
Anonymous Coward User ID: 514242 10/6/2008 4:12 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
Why are you so happy about this - don't you feel any compassion for retirees (for example) on 401K income? The greedy rich, I can understand - but this probably won't even affect them - it's the little guy getting screwed.
Quoting: Anonymous Coward 451266
It's ALWAYS the little guy getting screwed, always has been and it will continue until it doomsday.
I feel sorry for people who have it rough, retirees especially. But do you think tptb or the bankers care? Bring them down and MAYBE the little guys will have a chance in life.
That's just me anyway
Phennommennonn The Queen Of Mean User ID: 476887 10/6/2008 4:12 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
Why are you so happy about this - don't you feel any compassion for retirees (for example) on 401K income? The greedy rich, I can understand - but this probably won't even affect them - it's the little guy getting screwed.
Quoting: Anonymous Coward 451266
dont misinterpret....thats not what the cheerleading was about.
everyone is well aware of joe little guy and what little he has - our life savings and that of our parents.
our little party is defined thru out this thread.
this pic should say enuff.
[link to i182.photobucket.com] ~The road to hell, is paved with good intentions.
Anonymous Coward User ID: 519014 10/6/2008 4:13 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
What happened? They can't cheat after the bell rings?
I'm under the assumption that it always changes just shortly after closing. Not sure how it works but having seen other plunges, that's the same thing that happened last time. Either goes up slightly and gains or goes down slightly.
Quoting: PA-POOSE
theres a delay. you all forget that.
Anonymous Coward User ID: 514242 10/6/2008 4:14 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
Why are you so happy about this - don't you feel any compassion for retirees (for example) on 401K income? The greedy rich, I can understand - but this probably won't even affect them - it's the little guy getting screwed.
Why keep something so artificial, easy to manipulate alive in the first place? Do the people who rely on their 401K deserve it? ABSOLUTELY NOT, but for things to get better it has to get worse. IMPLODE THE SYSTEM.
Quoting: PA-POOSE
implode...now where've i heard that before?...oh yea..bldg 7. ~The road to hell, is paved with good intentions.
Phennommennonn The Queen Of Mean User ID: 476887 10/6/2008 4:16 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
the irony is that when the shit really hits the fan some thinks the crooks will fall with them. OH really? They have the valuables like silver and gold, you dont have shit.
You think by buying gold and silver makes you an owner? better read up on the fed rules about purchasing gold/silver etc with crap money.
to sum it up, YOU DONT OWN SHIT.
welcome to corporate america, dont know what it is? look it up. no peaon owns anything in AMERICA. damn you yanks are so foking stupid.
Phennommennonn The Queen Of Mean User ID: 476887 10/6/2008 4:24 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
the irony is that when the shit really hits the fan some thinks the crooks will fall with them. OH really? They have the valuables like silver and gold, you dont have shit.
You think by buying gold and silver makes you an owner? better read up on the fed rules about purchasing gold/silver etc with crap money.
to sum it up, YOU DONT OWN SHIT.
welcome to corporate america, dont know what it is? look it up. no peaon owns anything in AMERICA. damn you yanks are so foking stupid.
Quoting: Anonymous Coward 518984
i havent bought jack diddily. fool me one shame on you fool me twice shame on me. aint falling for nunna it. ~The road to hell, is paved with good intentions.
Anonymous Coward User ID: 518984 10/6/2008 4:30 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
the irony is that when the shit really hits the fan some thinks the crooks will fall with them. OH really? They have the valuables like silver and gold, you dont have shit.
You think by buying gold and silver makes you an owner? better read up on the fed rules about purchasing gold/silver etc with crap money.
to sum it up, YOU DONT OWN SHIT.
welcome to corporate america, dont know what it is? look it up. no peaon owns anything in AMERICA. damn you yanks are so foking stupid.
i havent bought jack diddily. fool me one shame on you fool me twice shame on me. aint falling for nunna it.
Quoting: Phennommennonn
your home, your car aint yours for example.
Phennommennonn The Queen Of Mean User ID: 476887 10/6/2008 4:31 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
By Daniel Trotta
and Kevin KrolickiPosted 2008/10/06 at 3:53 pm EDT
NEW YORK/WASHINGTON, Oct. 6, 2008 (Reuters) — Governments around the world grasped at new measures to contain the fast-spreading credit crisis on Monday but stock, bond and commodity markets saw investors betting on deepening uncertainty and a sharp global downturn.
U.S. officials called for a "forceful and coordinated" global reaction to the crisis as the Dow Jones industrials average fell 4.4 percent, below 10,000 for the first time in four years.
The S&P 500 fell 4.9 percent to a five-year low. The Nasdaq dropped 5.1 percent in the first Wall Street session since the U.S. Congress approved a $700 billion bailout intended to reassure markets that help was on the way.
Instead, a crisis that began with the overheated U.S. property market and the $11 trillion U.S. mortgage market showed signs of rocking investor confidence worldwide more violently.
"The ground underneath our feet is moving like an earthquake," said acting U.S. Treasury Undersecretary for domestic finance Anthony Ryan.
Expectations were building for a rate cut by the U.S. Federal Reserve, possibly as part of coordinated action with the European Central Bank. European financial policymakers have faced criticism for a fragmented response to the crisis.
Fed fund futures have priced in a probability of a 75-basis-point cut by the U.S. central bank this month.
The Treasury, charged with putting the $700 billion fund to work to buy up bad debt, named Neel Kashkari, a veteran banker from Goldman Sachs, to head the landmark program.
Ryan said the Treasury had not ruled out buying shares in companies. "There's a lot of flexibility in the legislation," he said.
Meanwhile, the New York Federal Reserve moved toward establishing a central clearing mechanism for credit default swaps -- a form of over-the-counter insurance against bankruptcy blamed by critics for destabilizing the entire financial system.
An index of U.S. stock option volatility seen as Wall Street's fear barometer surged more than 28 percent to a record high.
Emerging markets, which had gained most from the surging global expansion in the last three years, were sucked into the vortex. Trading was halted in markets as far afield as Brazil and Russia when stocks plunged.
Mexico's peso sank on Monday to its weakest level since the currency was allowed to float in the mid-1990s, and stocks plunged.
"This is a stampede," said Valerie Plagnol, chief strategist at CM-CIC Securities in Paris.
French President Nicolas Sarkozy issued a statement from the 27 member states of the European Union saying individual governments would do all they could to safeguard the financial system. Analysts remained pessimistic European powers could stop the contagion.
The banking upheaval that began on Wall Street has effectively shut down interbank and other loan markets, pushing industrialized countries closer to recession. Conditions remained poor for interbank lending.
Even as Sweden, Austria and Denmark followed Germany's lead by offering blanket deposit guarantees to savers, investors from Tokyo to London continued to slash risk and positioned themselves for a further tightening of credit.
South Korea said it wanted crisis talks with Japan and China, and Gulf equities crumbled under concerns the fallout would strike the region.
Lost in the avalanche of bad news was the continued drop in the price of oil, which fell below $90 a barrel. Oil prices have now dropped near 40 percent from their peak, pushed lower along with other commodity prices by worries about a looming economic recession.
With the U.S. presidential election less than a month away, the campaign remained overshadowed by the debate about how the country would confront the worst banking crisis since the Great Depression.
"WE DON'T WANT TO RUSH"
In Texas, U.S. President George W. Bush said it would take time to restore confidence in the financial system and free up credit, telling reporters it was important that the rescue program not waste taxpayer money.
"We don't want to rush into this situation and not have the program be effective," Bush said.
Campaigning in North Carolina, Democrat Barack Obama urged the Bush administration to act quickly. "We've seen that contagion is spreading to all parts of the globe," he told reporters.
On Capitol Hill, lawmakers pressed for an accounting of who was responsible for the financial train wreck.
The disgraced head of Lehman Brothers Holdings Inc told Congress that U.S. banking regulators knew exactly how the failed bank was pricing its distressed assets and about its liquidity in the months before its collapse.
"None of us ever get the opportunity to turn back the clock," Lehman CEO Richard Fuld told a panel of lawmakers who grilled him about the failure of his bank and his pay package. "But with the benefit of hindsight, would I have done things differently? Yes, I would."
In Chicago, former U.S. Securities and Exchange Commission chief Richard Breeden called the crisis "a 900-foot tsunami" and chided Treasury Secretary Henry Paulson for wanting, as recently as a year ago, to reduce regulation.
MORE BANK DEALS
Deals to shore up the capital of banks seen at risk dominated a weekend of frenzied deal-making in Europe.
France's BNP Paribas agreed to scoop up assets in Belgium and Luxembourg of banking and insurance group Fortis for 14.5 billion euros ($20.1 billion) to become the euro zone's biggest deposit bank.
German officials brokered a revised rescue deal for lender Hypo Real Estate that will provide extra billions of euros of liquidity.
Italy's second-largest bank, UniCredit, blamed a unprecedented market turmoil for an emergency decision to boost capital by 6.6 billion euros.
In the United States, banking regulators were working to conclude a compromise deal as soon as Monday that would resolve the rival bids from Citigroup Inc and Wells Fargo & Co for hobbled U.S. bank Wachovia Corp.
(Reporting by Reuters bureaus worldwide; Editing by Brian Moss and Steve Orlofsky) ~The road to hell, is paved with good intentions.
Jeanne User ID: 518705 10/6/2008 4:53 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
im going to lay down its been one helluva day. bbl tonite folks. was fun. you guys were gr8 laughs amidst the doom. ~The road to hell, is paved with good intentions.
Anonymous Coward User ID: 436491 10/6/2008 6:37 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
the irony is that when the shit really hits the fan some thinks the crooks will fall with them. OH really? They have the valuables like silver and gold, you dont have shit.
You think by buying gold and silver makes you an owner? better read up on the fed rules about purchasing gold/silver etc with crap money.
to sum it up, YOU DONT OWN SHIT.
welcome to corporate america, dont know what it is? look it up. no peaon owns anything in AMERICA. damn you yanks are so foking stupid.
Quoting: Anonymous Coward 518984
i think most people here have known that corporations are global and don't care one way or the other about america. and these are american companies. if nothing else, the steady bleeding of out sourcing beyond our shores tells us that.
people trying to get their hands on silver and gold are trying to move their money to low risk options. they are trying to hold onto whatever pennies they have.
the very, very, extremely rich (top 1/4%), billionaires will not be very hurt. that's true and doesn't take a high iq to figure that out. but there will be bleeding from their portfolio. if they have to sell one of their 25 homes i will get a warm and fuzzy feeling. a lot of millionaires will feel the pain though, whether in stunted financial growth, or the need to liquify where they wouldn't have considered it before or breaking on their own of risky leveraging. (this group has hurt little folk alot with their risky methods)
i think the whole reason people like myself are cheering doom is for three reason. 1, we believe the market has to bottom and fast. once it bottoms the financial markets will rebuild by the principle of the free market system, and this would have occurred quicker if we didn't have the bailout bill. 2, we know we got robbed. the bailout approval was akin to being gang banged in an alley late at night. nobody appreciates it, and i for one am downright livid and very pissed. 3. a huge institutional corporation failure -will- hurt the very rich. and that can't happen unless the market crashes. the moment a true crash occurs we will happily try to see what companies went with in a gleeful fashion.
bottom line... WE KNOW WE ARE SCREWED... we just like to huddle together and wish doom on our rapists.
Anonymous Coward User ID: 336435 10/6/2008 7:49 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
the irony is that when the shit really hits the fan some thinks the crooks will fall with them. OH really? They have the valuables like silver and gold, you dont have shit.
You think by buying gold and silver makes you an owner? better read up on the fed rules about purchasing gold/silver etc with crap money.
to sum it up, YOU DONT OWN SHIT.
welcome to corporate america, dont know what it is? look it up. no peaon owns anything in AMERICA. damn you yanks are so foking stupid.
Quoting: Anonymous Coward 518984
Yup. try buying anything with that gold or silver--when the collapse finally happens--and see if you're not labeled an "enemy of the state".
Your gold will be confiscated and you'll end up in one of those new "detention camps."
....And don't think that the guy your trying to barter with won't report you....cause' he'll keep himself out of jail and probably get a reward too!
That's the way it will be in the near future...everybody selling out everyone else.
Watch the show for yourself User ID: 505248 10/6/2008 9:29 PM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
Here is the link to the MSNBC video of Jim Cramer telling everyone to take out any money from the stock market that you will need for the next 5 years.
[link to www.watchfreeepisodes.com]
God bless him for telling us the truth when no one else would.
Ariadne
Anonymous Coward User ID: 445358 10/7/2008 12:54 AM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
Why are you so happy about this - don't you feel any compassion for retirees (for example) on 401K income? The greedy rich, I can understand - but this probably won't even affect them - it's the little guy getting screwed.
Why keep something so artificial, easy to manipulate alive in the first place? Do the people who rely on their 401K deserve it? ABSOLUTELY NOT, but for things to get better it has to get worse. IMPLODE THE SYSTEM.
Quoting: PA-POOSE
So you're happy about screwing the little guy with a modest retirement income.
Well guess what punk.
You and your generation will be paying for this mess for
the next 50 years. And that makes me smile.
Phennommennonn The Queen Of Mean User ID: 476887 10/7/2008 1:14 AM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
no one wants to see the avg joe get an assrape. their savings and 401's are all they got. (my father incl).
the system IS being manipulated.
you dont have to be einstein to figure out whats happening here. its a planned collapse of our economy and financial infrastructure. all to bring about the NAU/amero and finalize the new world order here.
leaving the avg joe to eat their dust.
so while the mkt is unstable, its get busy living or get busy dying. get out of the mkts - cut your losses, whatever you have left, use to survive.
yesterdays roller coaster was only the beginning of the end. ~The road to hell, is paved with good intentions.
Anonymous Coward User ID: 516260 10/7/2008 1:43 AM
Re: holy sox!!! what this guy/cramer said on the today show just a sec ago
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