Thorp and Sailor's Grave Board

Dow Jones plummets 634 points

BDx13 - 8-8-2011 at 05:58 PM

...and that's after a 700 point drop last week.
So, is it going down more tomorrow?



http://finance.yahoo.com/news/Wall-St-takes-a-dive-on-first-...

necrobutcher - 8-8-2011 at 07:53 PM

I'm guessing it will drop for another few days. Thankfully if it falls too much in one day the whole thing shuts down so we don't have a repeat of the 1929 crash.

CR83 - 8-8-2011 at 09:42 PM

Scary shit

Discipline - 8-8-2011 at 10:57 PM

My mom just retired in June and now she's worried about her investments, seeing as they are her retirement. The whole world is affected by the US stock markets, so I'm hoping things pick up for my mom's sake.

BKT - 8-9-2011 at 10:05 AM

The US need to stop bickering back and forth with one another, cut spending and raise taxes.

BKT.

Six66Mike - 8-9-2011 at 05:02 PM

http://globalresearch.ca/index.php?context=va&aid=25941 This was an interesting read from Dr. Paul Craig Roberts (Assistant Secretary of the Treasury in the Reagan administration and associate editor and columnist at the Wall Street Journal.)

And this is a good video to watch - http://www.youtube.com/watch?v=EQqDS9wGsxQ

morgan - 8-10-2011 at 02:27 AM

Quote: Originally posted by BKT  
The US need to stop bickering back and forth with one another, cut spending and raise taxes.

BKT.


As much as I dislike the idea of raising taxes I have to agree. that and quit spending money on pointless wars.

BKT - 8-10-2011 at 01:08 PM

Quote: Originally posted by morgan  
Quote: Originally posted by BKT  
The US need to stop bickering back and forth with one another, cut spending and raise taxes.

BKT.


As much as I dislike the idea of raising taxes I have to agree. that and quit spending money on pointless wars.


I hear ya taxes suck. But when Canada lost their triple A rating and had a totally out of control debt we brought in the GST and a few years later our rating was restored and our debt was way down. It works.

BKT.

clevohardcore - 8-10-2011 at 09:33 PM

I haven't even watched the news as of late. How bad is this getting? Going to CNN website in a bit. Thats crazy.

BDx13 - 8-10-2011 at 11:06 PM

nice bump yesterday, but lost it all today - down another 4.6%.

clevohardcore - 8-11-2011 at 03:06 PM

Watched a bit today and surfed some news stations. Supposedly things are back up, but who knows what it will do in the future. Strange how this fluctuates so much. Seems really dangerous.