Stock Market has Crashed

Lancer232 · Oct 10, 2008 8:39 PM

Just now heard on the news that the US Stock Market has crashed. They say that the bailout did prevent a worse crash, but it will hinder repairing the stock market from this crash. I think I heard it on Fox News.

Phoenix_Flyer · Oct 10, 2008 8:41 PM

I think the moral of all this is to only but money into banks in your own country....

Kamineko · Oct 10, 2008 9:34 PM

Spyro_Loves_Me · Oct 11, 2008 4:33 AM

Oh no. It hasn't crashed ... Yet. It's just been dropping a lot lately. And it's not only dropping in the US but in several other places around the world.

Oh, and Atresac - your picture isn't working. At least not for me.

raven · Oct 11, 2008 4:53 AM

Looks like those billions of dollars pumped into the markets by governments aren't helping, then. It's affecting Australia pretty badly, in addition to Asia, Europe, America etc.

Phoenix_Flyer wrote:

I think the moral of all this is to only but money into banks in your own country....

True, unless you happen to be in the country that's going down the toilet :-P

bmah · Oct 11, 2008 5:01 AM

The breaking point of this crash was certainly the housing crisis, so the moral there is to not give out money to people who can't afford to pay their mortgages.

@Spyro_Loves_Me: nice understatement. You really put it softly by simply stating that the market is "just dropping a lot". But as you've already pointed out, it's significantly affecting other countries - they're being pulled down too to an extent, such as Canada's TSX. It's a very big thing.

Kamineko · Oct 11, 2008 5:13 AM

bmah wrote:

The breaking point of this crash was certainly the housing crisis, so the moral there is to not give out money to people who can't afford to pay their mortgages.
@Spyro_Loves_Me: nice understatement. You really put it softly by simply stating that the market is "just dropping a lot". But as you've already pointed out, it's significantly affecting other countries - they're being pulled down too to an extent, such as Canada's TSX. It's a very big thing.

A very big thing. I believe they call it a "crash" sometimes.

Swaffy · Oct 11, 2008 5:15 AM

Great. Now America's going to have to shut down and evacuate all of its
trillion residents. Just joking. But on the serious side, America is going
through presidential elections, so it's a bad thing that the stock market is
crashing here.

bmah · Oct 11, 2008 5:46 AM

Atresac wrote:

A very big thing. I believe they call it a "crash" sometimes.

Lol, I was hesistant to use that word, since a "crash" may have different meanings, depending on your viewpoint of the issue (i.e. to what degree of seriousness would you consider the stock market to go into decline before declaring the situation a crash?).

Swaffy wrote:

America is going through presidential elections, so it's a bad thing that the stock market is crashing here.

McCain saves the day!!!! *woosh*
.....

Kamineko · Oct 11, 2008 5:52 PM

bmah wrote:

Atresac wrote:
A very big thing. I believe they call it a "crash" sometimes.
Lol, I was hesistant to use that word, since a "crash" may have different meanings, depending on your viewpoint of the issue (i.e. to what degree of seriousness would you consider the stock market to go into decline before declaring the situation a crash?).
Swaffy wrote:
America is going through presidential elections, so it's a bad thing that the stock market is crashing here.
McCain saves the day!!!! *woosh*
.....

I think dropping 700, 500, 700, 800, etc points is.... pretty serious and could be considered a crash. I mean that and that whole "it has never been this low in history" deal.

RaidonMakoto · Oct 11, 2008 7:44 PM

Swaffy wrote:

Great. Now America's going to have to shut down and evacuate all of its
trillion residents. Just joking. But on the serious side, America is going
through presidential elections, so it's a bad thing that the stock market is
crashing here.

Its not as bad as having four more years of Bush, AND THEN the market going to hell and back.

McCain saves the day!!!! *woosh*

You're kidding, right?

DragonFireOKN · Oct 12, 2008 6:00 PM

How has the market crashed? It hasn't crashed. It's just very, very bad. We have failsafe mechanisms to prevent it from crashing. This isn't just in the U.S. The economy on a global scale is bad.

RM: He has to be kidding.

Kamineko · Oct 12, 2008 6:23 PM

DragonFireOKN wrote:

How has the market crashed? It hasn't crashed. It's just very, very bad. We have failsafe mechanisms to prevent it from crashing. This isn't just in the U.S. The economy on a global scale is bad.
RM: He has to be kidding.

When something that's normally high, suddenly goes down really far, really fast, and continously goes down.... yeah that's called a crash bro.

DragonFireOKN · Oct 12, 2008 10:47 PM

Atresac wrote:

DragonFireOKN wrote:
How has the market crashed? It hasn't crashed. It's just very, very bad. We have failsafe mechanisms to prevent it from crashing. This isn't just in the U.S. The economy on a global scale is bad.

RM: He has to be kidding.
When something that's normally high, suddenly goes down really far, really fast, and continously goes down.... yeah that's called a crash bro.

The only time the stock market has ever crashed was during the Great Depression. It's in decline. That doesn't mean it crashed. If it crashed, there would be people getting their rifles and heading to D.C.

A crash is when it completely stops. Our economy is declining. It hasn't bottomed out.

Kamineko · Oct 13, 2008 12:08 AM

DragonFireOKN wrote:

Atresac wrote:
DragonFireOKN wrote:
How has the market crashed? It hasn't crashed. It's just very, very bad. We have failsafe mechanisms to prevent it from crashing. This isn't just in the U.S. The economy on a global scale is bad.

RM: He has to be kidding.
When something that's normally high, suddenly goes down really far, really fast, and continously goes down.... yeah that's called a crash bro.

The only time the stock market has ever crashed was during the Great Depression. It's in decline. That doesn't mean it crashed. If it crashed, there would be people getting their rifles and heading to D.C.
A crash is when it completely stops. Our economy is declining. It hasn't bottomed out.

The Depression was a depression, caused by the crash. It's possible for the stock market to crash without people being left out on the streets.

"A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market."

Spyro_Loves_Me · Oct 13, 2008 4:35 AM

bmah wrote:

@Spyro_Loves_Me: nice understatement. You really put it softly by simply stating that the market is "just dropping a lot". But as you've already pointed out, it's significantly affecting other countries - they're being pulled down too to an extent, such as Canada's TSX. It's a very big thing.

By "crash," I was talking about the Crash of '29, not the literal definition of a crash. Comparing the DOW of then and now is a huge difference of thousands of points.

Kamineko · Oct 13, 2008 8:00 PM

Spyro_Loves_Me wrote:

bmah wrote:
@Spyro_Loves_Me: nice understatement. You really put it softly by simply stating that the market is "just dropping a lot". But as you've already pointed out, it's significantly affecting other countries - they're being pulled down too to an extent, such as Canada's TSX. It's a very big thing.
By "crash," I was talking about the Crash of '29, not the literal definition of a crash. Comparing the DOW of then and now is a huge difference of thousands of points.

Actually when it dropped 777 points it was the lowest in history.

Stormy · Oct 13, 2008 11:47 PM

[sub]Apparently Dow went up 936 points today. .____.[/sub]

bmah · Oct 14, 2008 12:26 AM

RaidonMakoto wrote:

McCain saves the day!!!! *woosh*
You're kidding, right?

Heck yes. xD

Spyro_Loves_Me · Oct 14, 2008 4:33 AM

Atresac wrote:

By "crash," I was talking about the Crash of '29, not the literal definition of a crash. Comparing the DOW of then and now is a huge difference of thousands of points.

Actually when it dropped 777 points it was the lowest in history.

#1 Oct 10, 2008 8:39 PM

Stock Market has Crashed

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