The stock market 1/22/08

[PrettySquareGal]

Feds just made an emergency cut of .75%

http://www.nytimes.com/2008/01/22/business/worldbusiness/23cnd-asiastox.html?_r=1&hp&oref=slogin

World markets are going down. What do you think will happen today??

 

[Atticus Finch]

Down today. Stabilize tomorrow. Another week on the roller coaster. Just my guess and I can't say much more without getting into politics.

Atticus

 

[Rufus]

Just as well we all enjoy depression era clothes and lifestyles...

Market's very jittery in London too,and NY isn't even awake yet...

8-(

 

[PrettySquareGal]

It's down 447 points right now....

 

[scotrace]

As Lileks says today, it's like a cold. No matter what, you're going to have three days of misery, then on the mend. "Spray the markets with zinc!"

 

[Rufus]

Or...Maybe spray them with lead... all the traders I've met were smug gits.

 

[nobodyspecial]

It doesn't much matter what happens today or tomorrow or the next day. Over a period of many years these cycles balance each other out. Maintain a well diversified portfolio across distinct asset classes and let the chips fall where they may.

 

[PrettySquareGal]

Or...Maybe spray them with lead... all the traders I've met were smug gits.

Oh a great British term! I want to use it! I need more descriptors in my arsenal (for general purposes).

 

[RedPop4]

Prat is another good Brit. pejorative.

 

[imoldfashioned]

Prat is another good Brit. pejorative.

Off topic but I've got a British friend online who sends me insult ideas on a regular basis. My current favorite is wanking tosspot.

 

[PrettySquareGal]

My current favorite is wanking tosspot.

:eusa_clap

 

[RedPop4]

I'd venture that "wanker" and "wanking" are too racy for TFL.

 

[Rufus]

Mmm.. yes... Also pronounce Git, as 'get'.

'Ya numpty' is another favourite.

As in... Those traders are a bunch of numpties. (Halfwits..)

Anyway...

Market still sinking like a lead balloon.

 

[PrettySquareGal]

Mmm.. yes... Also pronounce Git, as 'get'.

'Ya numpty' is another favourite.

As in... Those traders are a bunch of numpties. (Halfwits..)

Anyway...

Market still sinking like a lead balloon.

Do you offer lessons? Maybe a webinar. I'd attend.

 

[Baron Kurtz]

I believe "wanking tosspot" is redundant. No it's not; i'm wrong. "wanking tosser" would be redundant.

bk

 

[HungaryTom]

D?©ja vu

Since the Fedora Lounge evokes the Era of 1920s - 1950s

there were some depressions which were survived as well.

 

[SamMarlowPI]

maybe a depression would have some benefits...make people realize things...i dunno...it would make everyone start from scratch...

 

[ohairas]

maybe a depression would have some benefits...make people realize things...i dunno...it would make everyone start from scratch...

Exactly. Too many people in dept and buying beyond their means. What's sad is that they used to teach finances and budget in highschool, and I don't think they do anymore. Or if they do, it's not a mantatory class. Very sad.
Nikki

 

[Gary Crumrine]

It doesn't much matter what happens today or tomorrow or the next day. Over a period of many years these cycles balance each other out. Maintain a well diversified portfolio across distinct asset classes and let the chips fall where they may.

Spot on.

It might be interesting to speculate on how being fully invested in the S&P 500 (SPY) might affect one's long term wealth. For example, when the Forbes 400 was first published it took $75 million to get on. Now it takes about $1 billion. Consequently, most of the folks who were on the original list can not be found on the current one. If, however, they had only been invested in a good S&P index fund their assets would still qualify as the S&P has appreciated faster than the asset requirement to qualify for the Forbes 400.

Buy SPY. Go back to sleep.

 

[pgoat]

Exactly. Too many people in dept and buying beyond their means. What's sad is that they used to teach finances and budget in highschool, and I don't think they do anymore. Or if they do, it's not a mantatory class. Very sad.
Nikki

If I ever have children I will drum finances into their heads more than anything else (except maybe physical and emotional health). I cringe when I see people spoiling their kids with financial/material things. The knowledge of monetary value and their own power over it is one of the most important things you can teach a child - at least, as long as money is a necessary evil.....