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March, 2024

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Stock Market plumeting?

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gmack24
Posts: 4636 - Karma: 31
I've been really busy lately and don't have cable so can anyone explain to me why the stock market is so low?
Aug 12 2007 9:17PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
The housing market collapsed. If you want more information, try cnn.com. I hear they report news there.
Aug 12 2007 9:18PM
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Gavajabra2
Posts: 1259 - Karma: 13
Credibility is questionable, they're paid off by Al Jazeera.
Aug 12 2007 9:24PM
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p-a
Posts: 1308 - Karma: 10
alot of people are going to lose alot of money as well as their houses
Aug 12 2007 9:31PM
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Dustin.
Posts: 13839 - Karma: 7,704
normal ups and downs, don't worry about it. the market is almost always profitable over a long term if you diversify your options.
Aug 13 2007 12:19PM
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Mezmerize19
Posts: 6475 - Karma: 18
yeah my friend is always like "we are going into another depression". Im like shut the fuck up. That thought scares me
Aug 13 2007 12:22PM
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freezed
Posts: 12973 - Karma: 500
too many defaults on sub-prime mortgages. the (overvalued) mortgages were bundled and sold to investors as securities, which is how it's affecting other sectors, and other countries.
Aug 13 2007 12:30PM
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Rez4frederick
Posts: 4740 - Karma: 40
The stock market is such a scam in my opinion
Aug 13 2007 12:31PM
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mothaeast
Posts: 2923 - Karma: 13
American economy is fucked.
Aug 13 2007 12:31PM
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Dustin.
Posts: 13839 - Karma: 7,704
my bank account begs to differ
Aug 13 2007 12:32PM
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Rez4frederick
Posts: 4740 - Karma: 40
Ok, explain how you got started in stocks.  Did your grandparents or parents just pass you down their stock options?  Or did you make your own money and then get into stocks?  Because to do that, you would need a shit load of money to actually get anywhere.




Aug 13 2007 12:40PM
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sktrkdo7
Posts: 1920 - Karma: 182
u gotta diversify ur bonds n*gga
Aug 13 2007 12:47PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
If you put a bit away every month or so, its amazing how much you can actually invest. I just have a CD I slowly am contributing to, and while it does go up and down, overall my investment grows. Stocks are investments with added risk, so as long as you realize that and stay long term over short term, you usually do alright.
Aug 13 2007 1:41PM
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cobra_commander
Posts: 16909 - Karma: 4,682
they said the same thing October 23rd 1929
Aug 13 2007 1:47PM
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rockymountainmilitia
Posts: 2706 - Karma: 12
Housing market stalls, Price of housing drops, Home owners with large mortgages walk away from their homes and buy new ones. (no point in paying a $400,000 mortage on a house worth $250,000). The bank is then left with a property instead of actual money. Houses are sold for less, Banks lose a significant amount of money, Bank increases interest rates to regain some lost funds. People pull money out of stocks and pay off bank debt to escape rising interest rates, and in the end the stock market goes in the shitter.
Aug 13 2007 1:59PM
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=Worf=
Posts: 2468 - Karma: 25
first off the market is not low. the dow is at 13267 which is prior to this years highs the highest it hAS EVER BEEN. yes we did hit 14000 this year and pulled off but the sub prime market is only a small sliver of the entire picture. ehich right now is being over hyped by a media machine that has nothing more interesting to report.

bottom line is market is cheap, corporate earnings are good it is a great buying oppertunity right now.
Aug 13 2007 3:34PM
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skierman_number1
Posts: 627 - Karma: 10
It's already been explained before why it's going down, but in light of the great gains they've made in recent past, it will all settle down into normality soon.
Aug 13 2007 3:37PM
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cottonwoodarmada1651
Posts: 1734 - Karma: 40
this message brought to you by wu-tang financial


Aug 13 2007 3:52PM
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TheButterHashira
Posts: 9691 - Karma: 1,702
well we had an up 2 months where every other day was like a new closing bell record for the dow. dont worry it will start going back up again. just teh normal cycle of money
Aug 13 2007 3:54PM
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2+2=5
Posts: 3676 - Karma: 18
"pussy plumets pussy plumets"
Aug 13 2007 4:15PM
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yelsel
Posts: 12967 - Karma: 3,451
exactly--give the housing market about two years and it will get back up to where it was before. lots of people did not have fixed rates when they got a mortgage on their property, hence all of the foreclosures.
Aug 13 2007 4:18PM
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naftel
Posts: 830 - Karma: 12
^laughed my ass off there.
Aug 13 2007 4:19PM
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flyinghighagain
Posts: 1069 - Karma: 22
good explanation nice and easy
Aug 13 2007 6:30PM
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Elijah.
Posts: 9322 - Karma: 76
Ahaha that chappelle skit was my favorite.
Aug 13 2007 6:38PM
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