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Old 10-03-2008, 07:48 PM
 
Location: Hope, AR
1,509 posts, read 3,078,603 times
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Regarding the financial crisis?

(I decided to keep it to a short time frame because that's what's most concerning me right now)
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Old 10-03-2008, 07:52 PM
 
Location: Some place very cold
5,501 posts, read 22,414,557 times
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Good thread. I think you see more and more foreigners pull out of the stock market, because they now realize Wall Street is full of crooks. And then you'll see the value of the dollar start to sink like the Titantic and everyone will start heading for the life boats.
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Old 10-03-2008, 08:04 PM
 
Location: Hope, AR
1,509 posts, read 3,078,603 times
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Thanks...

And is the lifeboat filled with gold dubloons?

Quote:
Originally Posted by Woof Woof Woof! View Post
Good thread. I think you see more and more foreigners pull out of the stock market, because they now realize Wall Street is full of crooks. And then you'll see the value of the dollar start to sink like the Titantic and everyone will start heading for the life boats.
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Old 10-03-2008, 08:11 PM
 
48,505 posts, read 96,644,082 times
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Recession until the housing market bottoms hopefully in second qaurter of 2009.
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Old 10-03-2008, 09:15 PM
 
Location: Charlotte, NC (in my mind)
7,943 posts, read 17,211,779 times
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The DOW will fall below 9,000 before year end. Oil really depends on the value of the dollar, but if the dollar keeps rising, $70 is possible. If not, it could easily shoot back up to over $100. Unemployment will top 8% by year end and top 10% in Q1 2009.
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Old 10-03-2008, 09:34 PM
 
Location: Austin
4,103 posts, read 7,011,724 times
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More people will demand bailouts.
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Old 10-03-2008, 09:47 PM
 
12,022 posts, read 11,514,576 times
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The same people will demand bailouts. In fact, Buffett, Gross, and others on WS are already asking for more money (1.5 trillion).

The central banks have pumped in over a trillion dollars in the last six weeks. It's doubtful that the first installment of 250 or 350 billion dollars from the bailout will make much of a dent. As a result, I think it's limited to the small group of money center banks around which the Fed is trying to consolidate the banking system.

I think the market heads down into the end of the year or mid-January with the possibility of 2-3 week bounce in October-November. Things look tough for financial firms as they have to sell off assets when they close out their quarters (see March, Jun-July, and now) and their end of year. I think the next target is around 1000 on the SPX with it being likely that 900-950 will be reached to fullfill the head and shoulders top that was formed between 1440 and 1170 (notice it's now tried three times to rally back above 1170 and failed). I don't believe that's the end of the downturn but it may precede a very large rally before the final decline.
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Old 10-03-2008, 09:51 PM
 
Location: Great State of Texas
86,052 posts, read 84,288,091 times
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Sure..Gross has to call for bailouts..his funds are big holders of the most riskiest stocks.
He will benefit directly from any bailout vs bankruptcy.

Even Bond Guru Bill Gross Can't Escape - TIME
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Old 10-03-2008, 09:56 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 6,492,959 times
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Christmas is not going to be whole of fun for a lot of folk. I'm going to be very interested in watch the non-profit Christmas organization my parent volunteer for every year. They collect food and clothes, etc. donations and give out them out to people that are in unfortunate positions. I expect less donations and more people looking for help this year.

Yes it will be interesting comes the holiday's, me thinks.
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Old 10-03-2008, 10:00 PM
 
Location: Great State of Texas
86,052 posts, read 84,288,091 times
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Remember last Christmas..it was all gloom and doom for the retailers and they didn't do too well either.

This Christmas will be ugly..very ugly for retailers.
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