Black Monday

Lehman Brothers. Merrill Lynch. What next?

Is the media blowing it all out of proportion (unsurprisingly)?

Perhaps I won't be moving to Europe anytime soon. 😢

Canada, here I come!

Triple witching day is friday, September 19th...Virgo influence wont help it much

SS, if you move to canada, do dual citizenship. i was really hoping you'd hop on the europe train with me though, not gonna lie...😛

Wachovia, Washington Mutual and AIG, and watch the Goldman Sachs earnings tomorrow.

lol @ fa

I suppose I should take heart in knowing the economy follows cycles.

Anyway, I just came from Trader Joe's! w00t!! I fuckin love that place!!! I'm gonna get a condo directly above one. 🙂

The media just sees the Dow down 500 pts and sensationalizes it, if they really understood the severity of the credit crunch they'd be shitting themselves.

poo

actually, i was hoping you'd hop on that canadian train with me, lol. as you know, difficult times are upon us, pookins. but together, we can make it. 😉

This all is very scary to me S.S. ...

notso, but my heart was so set on europe like 5 minutes ago! oh, what is a girl to do?!

"The media just sees the Dow down 500 pts and sensationalizes it, if they really understood the severity of the credit crunch they'd be shitting themselves"

The DOW only consists of 30 stocks, very few of which have a direct connection to subprime mortgage issues (well maybe Home Depot due to lack of new housing starts).

I much prefer the S&P 500 to cover all the bases. Its just that so many news reporting agencies (Bloomburg, WSJ, etc) rely on the DOW to be the bellweather.

cappysweetie, it is okay to be scared, there is good reason to be.

Hundreds of $ Billions, spelt with a "B". Its unreal how much fluff was squandered away with these mortgages, truly a crime of epic proportions.

Enron, WorldCom, and Adelphis were just the tip of the proverbial iceberg....American is now akin to the S.S. Titanic

well, i was all set to invest in mutual funds (after researching of course). i was considering TJ's and my co-worker was like, "why would you do that? they'll all be gone in a few yrs."

in one ear, i hear now is the one of the best times to buy a home. in the other, to wait a couple of months.

i. am. so. confused.

Right now would be the absolute worst time in the world to get into flipping a house. The market wont settle until a 1,500 sq. ft. home in Sacramento sells for just under $ 500,000. Imagine the nerve of the market paying over $ 750,000 for the same digs just a scant year ago?

you're right, satori. i'm just gonna do what i feel like doing, and not worry about all the details too much.

cappysweetie, it is okay to be scared, there is good reason to be.

Well after hearing that there has been nothing this devastating in 80 years, thats enough to make everyone uneasy.

I don't think the media is making too much of it, I don't think the media is making a BIG ENOUGH deal about this. I'm a single girl who supports herself -- I may ask for help here and there ONLY if its absolutely necessary. However, I still have to pay it back so now that I think about it, borrowing doesn't do much good, its better to just not have it then to owe ... hmmm, that a revelation 😄

Anyway, I supports myself, I'm not an idoit, I'm aware that if the Credit Crisis gets ever worse I'm in trouble -- along with those just like me.

Also, I am very optimistic about things but I'm aware that you cannot run from reality.

Did AIG have to borrow marry from itself? Oh boy ...

Is the media blowing it all out of proportion (unsurprisingly)?

I think they may have left it too late to make public - this doesn't happen overnight 😢

lol Cappy, when you worry with that profile piccie - I really want to just make it all go away for you...lol

well, we'll bounce back.

just like the crash in '87. even though, i wasn't old enough to notice or feel the effects of that.

"lol Cappy, when you worry with that profile piccie - I really want to just make it all go away for you...lol"

So true for your avator, Cappy! Most Amerikans dont have any appreciation for the effects the financial markets play upon thier future. Its just another hard-to-understand article in that days newspaper. Go ahead, take a bubble bath, light some fragrant candles, and allow the Calgon moment to take you away...tomorrow is another day. One that we shall overcome with the bestest of intentions, one that we will imagine never existed in our deepest soul.

I think ultimately, it's a good thing - stock market, house prices, reckless lending - were all bubbles - someone messed-up that one...hopefully this will help re-evaluate the REAL cost/value of things...I would say we will learn from it but do we ever— 🙂

I think they may have left it too late to make public - this doesn't happen overnight

That's what I say -- they knew about this in 2004

lol Cappy, when you worry with that profile piccie - I really want to just make it all go away for you...lol

AWWW lol, its the big head isn't it 😄 My head is shaped exactly like that just with hair on it hahahahaha, its not as bad as one emoticon I put it -- that one remembled me to a T hahaha!!!

So true for your avator, Cappy! Most Amerikans dont have any appreciation for the effects the financial markets play upon thier future. Its just another hard-to-understand article in that days newspaper. Go ahead, take a bubble bath, light some fragrant candles, and allow the Calgon moment to take you away...tomorrow is another day. One that we shall overcome with the bestest of intentions, one that we will imagine never existed in our deepest soul.

Don't let the floating bubbles fool you 😉 There are deep thoughts in that tube of mine 😄

lol Cappy...yup I hear ya - ''That's what I say -- they knew about this in 2004''

Money was made from betting this would happen.

"The DOW only consists of 30 stocks, very few of which have a direct connection to subprime mortgage issues (well maybe Home Depot due to lack of new housing starts).

I much prefer the S&P 500 to cover all the bases. Its just that so many news reporting agencies (Bloomburg, WSJ, etc) rely on the DOW to be the bellweather."

Preaching to the choir brutha.

"I would say we will learn from it but do we ever—"

Welp, that depends on what your definition of 'learning from it' means....

The market posses a certain amount of, how shall I put it, scowndrels?

Scum-of-the-Earth types who prey on the easy dollar. Making a buck where a buck isnt due. Stealing from the rich to feed the...the...themselves. Any easy mark...grifters if you will.

The next big financial collapse is rumored to center around a newer type of financial transaction termed "The Reverse Mortgage". The prey are under-financed baby boomers who only have their salted away savings to pillage. Their children are pennieless, and they have nowhere else to turn to except the well-menaing mortgage brokers still slithering away after the recent turn of events.

It behooves anyone with a parent or parents, still breathing, to study the rules concerning Medicaid/Medicare, health insurance, and elder-care before they are forced into tossing away the life savings.

"Let's come together and make a plan for reform. That's the only way I will participate in a discussion like this. (not that anyone is dying to hear my opinion anyway) I just have to believe something productive will come of it. I get to consumed by it if I don't"

My Spidey sense feels a future activist amongst the ranks!!!

Today is too late for the future. Well, the immediate future. Think along the lines of the next decade? You are not going to change the course of events from what has been laid out these past ten years or so. Look into stuff like the invetment market. Find out what is secure with low return -vs- unsecure with high return. Feel it out for yourself, dont trust the prospecteses that are printed on toilet paper. You are the captain of your own ship.

BTW, if anyone had laid that sage advice to me twenty years ago, I would have batted my baby-browns and laughed at the notion of it. I'd have bee far too busy chasing skirt and driving my IROC-Z around town with the cassette player blasting...

Damn that IROC had a sweet sound system in it...Bose I remember...T-Tops and a cell phone that weighed 3 pounds and cost $ 1.57 a minute....

"When I get deeply involved in this butter, it pisses me off to no end so all I want to do is find out what I can do to make things better."

Kumbaya...

"lol, you're only young once. At least you were having fun! Nothing wrong with that"

The future, and destiny, has a way with catching up to oneself....

collective misery is in the air both here and out there.

what's so negative about kumbaya? I'm infamous for being negative you know.

::: oops, typo, that was the wrong word 😄 :::

You are the captain of your own ship.

No Tollbooth, now more then ever we need to be interdependent, don't you think? The whole "every one for themselves" need not apply right now 😄

Yes, you are famous for negativity s_r *shakes head*

^ somebody needs to send her to a socialist labor camp 🙂

satori: "I say, follow your heart and the money will follow!!!"

Just click your heels three times and repeat "I want to go home, I want to go home, I want to......"

Hehe - if I may play devil's advocate 😉

I notice earth and water signs trying to make plans to fix the future and pessimism, etc - you know that us fire and air will only cock it up with some newer grand schemes ... keep doing what you do...we love ewe all !

Ok done playing ...

*rolls eyes* @ S_R

You sure live up to your reputation 😛

zenalch...I've always wondered if anyone did an astrolgical study to see if the heavens apply to things like the outcome of the stock market. Seriously.

"the outcome of the stock market."

this sucker looks like it's going down.

lol, that obvious Toll, of course it applies -- astro concepts apply to love relationships then it apples to other aspects of life too -- natal charts, everything 😉

"Follow your bliss and stuff will just come together for you!! I mean it!"

i'm with ya 110% sista.

o look, it's the three positive little honeys.

Toll, it does kinda apply like Cappy says - stock market is gambling afterall...

"Follow your bliss and stuff will just come together for you!! I mean it!"

Do you have your brokers licsense yet, because if you do, have I got a deal for you....

"o look, it's the three positive little honeys."

hiiiii. 🙂🙂🙂🙂

It only takes 3 positive little honeys and one little negative....the fuck am I talking about........carry one.....