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| The Roundtable Come here to discuss any serious and in-depth topics. |
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Bio:
I like web disigning
Interests:
World of Warcraft <3
Occupation:
A matenance man
Location:
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Posts:
604
Join Date:
Jul 2007
Rep Power: 45 
Gamerz Place Grammar Nazi
Cruentus:
is lonely.
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Level up: 67%, 50 Points needed |
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Jim Crammer Predicts 2000 Point Stock Market Drop
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09-19-2008, 07:47 PM
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I just saw Jim Cramer a few minutes ago on MSNBC and he was saying something along the lines that if the government didn't bail out the mortgage insurers that we were looking at a 2000 point drop in the Dow at some point.
This is pretty much what I was telling this one buddy of mine who is only a few years from retiring who insists on putting GINORMOUS amounts of money in the equity choices of his 401(k) and then comes to me sounding suicidal when the market drops a couple of hundred points.
I think Cramer's right.
I think we're looking at hundreds of billions of dollars worth of exposure that only something the magnitude of the federal government can even attempt to bail out.
Unfortuantely with the political pressure, you can't bail out the home owner's without also bailing out the bond holders so that whole thing will probably be allowed to implode and then we're looking at real 1930's-type conditions - real starvation, real hopelessness.
Crying shame the power won't probably be on often enough to even blog about it when it hits ...
(credit to Blogspot)
Hey you guys! Welcome back to Gamerz Place!
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The following rules apply to the forums.
1. No spamming: Means no one-word posts, no double-posting, and no going off-topic in threads. One-word posts are legal in some areas of the 7th Heaven forum and Quiz Corner however, everywhere else it's prohibited. Double-posting will sometimes be allowed to slide, but if it's say 5 minutes after you just posted before, then it's prohibited.
2. No flaming or trolling: Means no directly going at someone and trying to provoke fights or saying racist, hurtful things. Flaming is basically going at someone directly, while trolling is saying things to instigate a fight. Both are not tolerated here whatsoever.
3. No advertising: Means no promoting other websites of ANY kind. You're allowed to have a link in your profile where it says 'homepage' other then that if it's in your sig, you advertise in a thread or anything, it will immediately be deleted. Also no advertising through PM either, that is the worst and lowest form of advertising there is, so don't do it.
4. Avatar & Sig limits: Avatar max limits are 125x125 in pixels. Animated avatars are allowed. Sig limits are 500x200. You're also allowed to have an animated sig, however it is not to be a huge animation, just a small one. Anything that's fully animated will be taken off as it's prohibited.
5. Consequences:
-Spamming: If you are caught spamming, meaning one-word posting, double-posting, going off-topic, then likely your post is just gonna be deleted by a staff member, if this occurs more then a couple times, a staff member will likely quote you and point out to you to stop. If it keeps occuring, then temporary suspensions of a day or 2 may be necessary.
-Flaming: If you are caught flaming, trolling in any way, your post again will be deleted the first time. Just the first time, if you are caught again you will be told to stop by a staff member, if it keeps happening, you will be suspended. Since this is more serious then spamming, it will be a longer suspension likely of a week or so.
-Advertising: If you are caught advertising, you're post or thread for advertisement gets deleted, simple as that. If you do it more then once you get told to stop again, but if you keep doing it we may have to suspend for a day or 2 to teach you that it's not allowed. However, if you are caught advertising through PMs, the consequences are more severe. First time you get warned to stop, second time automatic 2 day suspension, any other time after that you're gone forever. Just keep that in mind.
-Avatar & Sig: If you put on a bad sig or oversized, no big deal really. A staff member will just edit your sig saying to remove it within X amount of hours and that it's too big or whatever. Or if your sig is too big, we may just put some of your things in a spoiler code, so it isn't lagging for other users.
That is all. All the rules and consequences have been covered. Any questions, just PM an Admin or any staff member for that matter.
Thank you for reading and understanding the rules, and enjoy the forums!
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Bio:
i am an artist and i own my own bike company
Interests:
bmx, music, art, video games
Occupation:
artist/owner of bmx company
Location:
pittsburgh
Posts:
214
Join Date:
Jun 2008
Rep Power: 35
Rookie
seddy:
likes tacos
seddy is:
Level up: 85%, 15 Points needed |
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well here is what worries me.. my retirement fund is with washington mutual.. if they tank.. i am screwed.. even t hough i know i am only 27 and i have less than a a thousand dollars put into it, but still. i woudl lose that money and would have to start a new with a different company.
aprt of that news article is true and part isn't. see iw ork in teh realestate sign industry. and we have been watching this happen for quite some time. the biggest reason fro all this is 2 factors 1) greedy lenders: they will lend you money no matter what , if you can or can't afford it.. a double edged sword on thier part and 2) the mornic hoem buyer who's eyes are bigger than thier wallet.: they are buying up homes that they cannot afford and racking up massive debt on credit cards.. thinking they have to "one- up" the neighbors.
really the federal govt. should be doing, is helping out the major lenders. (morgan stanley, aig, wash. mutual, ING..etc..) as they have more assets and fewer predatory lenders. making them quicker to fix and work out and help thier lenders and lendees get out fo debt.
also the fed. govt. needs to prosecute the hell out of the predatory lenders. what they are doing is extorsion and a form of loan sharking. and make all new home buyers take a class (yes this exists too) on buying a home and working out an AFFORDABLE mortgage. this class i know heer in pittsburgh is availabel at any local community college or job center. so i assume its this way in other states as well.
and when these peopel buy houses and get a mortgage. they need to go with a fixed rate loan, yes teh interest is usually higher, but you rate is locke din and will not go up.. it can only go down, as you build credit and yoru core goes up, your monthly payment will go down over time. people don't see the big picture, they go for the a.r.m. loans,which is based on what happens with teh lenders stock..well those are the onses getting screwed. an a.r.m. loan yoru payment is small, but can fluxuate. a lender who is good with teh mouth can talk any first tiem buyer into this. and this is what is screwing everything up. i say do away with this loan all together. the other is a balloon mortgage. in my opinion you need to be ablithering retard to do this option. unless you hit teh lottery..this mortgage isn;t worth talking about.
then start to work at the smaller lenders. these are the ones who offer higher interest rates, but will finance you more money. these have the higher % of predatory lenders. thus an idea would be to have the irs step in and help sort through these to cacth those lenders.
so the market implosion is unlikely right now. as the market has already slumped. now its the mortgage companies looking into the fourth quarter and saying "oh shit we ripped too many people off!" and now they are running for help. come tax time tehhoem owners will get a decent return, due to filing bakruptcy fo couorse, but if they were smart, they woudl use that money to clear up thier debts, an dthe ball to recovery will get rolling faster.. but thats on the people.
teh housing marjet is getting better. its gonna be another 5 years till it gets high and thriving again. but it will get there. your gonan see alot fo mortgage comapnies mergingand buying each other out.. but thats just them doing what they have always been doing in the pqast. its only making headlines now because teh fe. govt. had to step in this time.
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Bio:
I like web disigning
Interests:
World of Warcraft <3
Occupation:
A matenance man
Location:
*points to map* HERE!
Posts:
604
Join Date:
Jul 2007
Rep Power: 45
Gamerz Place Grammar Nazi
Cruentus:
is lonely.
Cruentus is:
Level up: 67%, 50 Points needed |
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BEcause of all of these banks failing, there has been an 800 point drop in the last three days. THis country is seriously in dire need of help.
Hey you guys! Welcome back to Gamerz Place!
Have you read the rules yet?
Look below
The following rules apply to the forums.
1. No spamming: Means no one-word posts, no double-posting, and no going off-topic in threads. One-word posts are legal in some areas of the 7th Heaven forum and Quiz Corner however, everywhere else it's prohibited. Double-posting will sometimes be allowed to slide, but if it's say 5 minutes after you just posted before, then it's prohibited.
2. No flaming or trolling: Means no directly going at someone and trying to provoke fights or saying racist, hurtful things. Flaming is basically going at someone directly, while trolling is saying things to instigate a fight. Both are not tolerated here whatsoever.
3. No advertising: Means no promoting other websites of ANY kind. You're allowed to have a link in your profile where it says 'homepage' other then that if it's in your sig, you advertise in a thread or anything, it will immediately be deleted. Also no advertising through PM either, that is the worst and lowest form of advertising there is, so don't do it.
4. Avatar & Sig limits: Avatar max limits are 125x125 in pixels. Animated avatars are allowed. Sig limits are 500x200. You're also allowed to have an animated sig, however it is not to be a huge animation, just a small one. Anything that's fully animated will be taken off as it's prohibited.
5. Consequences:
-Spamming: If you are caught spamming, meaning one-word posting, double-posting, going off-topic, then likely your post is just gonna be deleted by a staff member, if this occurs more then a couple times, a staff member will likely quote you and point out to you to stop. If it keeps occuring, then temporary suspensions of a day or 2 may be necessary.
-Flaming: If you are caught flaming, trolling in any way, your post again will be deleted the first time. Just the first time, if you are caught again you will be told to stop by a staff member, if it keeps happening, you will be suspended. Since this is more serious then spamming, it will be a longer suspension likely of a week or so.
-Advertising: If you are caught advertising, you're post or thread for advertisement gets deleted, simple as that. If you do it more then once you get told to stop again, but if you keep doing it we may have to suspend for a day or 2 to teach you that it's not allowed. However, if you are caught advertising through PMs, the consequences are more severe. First time you get warned to stop, second time automatic 2 day suspension, any other time after that you're gone forever. Just keep that in mind.
-Avatar & Sig: If you put on a bad sig or oversized, no big deal really. A staff member will just edit your sig saying to remove it within X amount of hours and that it's too big or whatever. Or if your sig is too big, we may just put some of your things in a spoiler code, so it isn't lagging for other users.
That is all. All the rules and consequences have been covered. Any questions, just PM an Admin or any staff member for that matter.
Thank you for reading and understanding the rules, and enjoy the forums!
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Bio:
i am an artist and i own my own bike company
Interests:
bmx, music, art, video games
Occupation:
artist/owner of bmx company
Location:
pittsburgh
Posts:
214
Join Date:
Jun 2008
Rep Power: 35
Rookie
seddy:
likes tacos
seddy is:
Level up: 85%, 15 Points needed |
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it rebounded though. and trust me, teh stock market has dropped way lowere before.. think back to 1984 i believe or was it 1987? not sure gonna have to look it up. but yeah . it slammed low, alot of rich people lost alot of money as it is now.
what i am seeing in teh real esate industry now, is auction companies poping up. now this is smart. they are buying up forclosed proerties and selling them auctioning them off to pre-qualified buyers. I.E. when yous ee one of these signs up, you call teh number and they send you a form to fill out. if you meet teh criteria for this form, then you can go to teh auction. now all this form is . its a form stating yoru credit score, and it pretty much determines if you can afford the property or not. now the one auctcion company here in pitts. will do, if you fuill outa form and you don't qualify for that particluar property, they will show you ones that you can afford. so in a major way, these auctions are gonan be really successful, yes yoru gonan see dips in the stock market until these auction comanies make alot more progress.
mark my words..next year thinsg will rise, in 2 years it will be higher, and in 5 years.. this will be looked upon as a learning point when teaching people about how to properly run an economy.
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Bio:
I like web disigning
Interests:
World of Warcraft <3
Occupation:
A matenance man
Location:
*points to map* HERE!
Posts:
604
Join Date:
Jul 2007
Rep Power: 45
Gamerz Place Grammar Nazi
Cruentus:
is lonely.
Cruentus is:
Level up: 67%, 50 Points needed |
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In my lifetime the largest drop was 508 points when 9/11 happened. This was the biggest drop since, 500 points down 1 day. up 150 the next day, down 400 the day after. the way everything is going, our futures dont look to bright.
Hey you guys! Welcome back to Gamerz Place!
Have you read the rules yet?
Look below
The following rules apply to the forums.
1. No spamming: Means no one-word posts, no double-posting, and no going off-topic in threads. One-word posts are legal in some areas of the 7th Heaven forum and Quiz Corner however, everywhere else it's prohibited. Double-posting will sometimes be allowed to slide, but if it's say 5 minutes after you just posted before, then it's prohibited.
2. No flaming or trolling: Means no directly going at someone and trying to provoke fights or saying racist, hurtful things. Flaming is basically going at someone directly, while trolling is saying things to instigate a fight. Both are not tolerated here whatsoever.
3. No advertising: Means no promoting other websites of ANY kind. You're allowed to have a link in your profile where it says 'homepage' other then that if it's in your sig, you advertise in a thread or anything, it will immediately be deleted. Also no advertising through PM either, that is the worst and lowest form of advertising there is, so don't do it.
4. Avatar & Sig limits: Avatar max limits are 125x125 in pixels. Animated avatars are allowed. Sig limits are 500x200. You're also allowed to have an animated sig, however it is not to be a huge animation, just a small one. Anything that's fully animated will be taken off as it's prohibited.
5. Consequences:
-Spamming: If you are caught spamming, meaning one-word posting, double-posting, going off-topic, then likely your post is just gonna be deleted by a staff member, if this occurs more then a couple times, a staff member will likely quote you and point out to you to stop. If it keeps occuring, then temporary suspensions of a day or 2 may be necessary.
-Flaming: If you are caught flaming, trolling in any way, your post again will be deleted the first time. Just the first time, if you are caught again you will be told to stop by a staff member, if it keeps happening, you will be suspended. Since this is more serious then spamming, it will be a longer suspension likely of a week or so.
-Advertising: If you are caught advertising, you're post or thread for advertisement gets deleted, simple as that. If you do it more then once you get told to stop again, but if you keep doing it we may have to suspend for a day or 2 to teach you that it's not allowed. However, if you are caught advertising through PMs, the consequences are more severe. First time you get warned to stop, second time automatic 2 day suspension, any other time after that you're gone forever. Just keep that in mind.
-Avatar & Sig: If you put on a bad sig or oversized, no big deal really. A staff member will just edit your sig saying to remove it within X amount of hours and that it's too big or whatever. Or if your sig is too big, we may just put some of your things in a spoiler code, so it isn't lagging for other users.
That is all. All the rules and consequences have been covered. Any questions, just PM an Admin or any staff member for that matter.
Thank you for reading and understanding the rules, and enjoy the forums!
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Bio:
Just ask me I don't bite...
Interests:
Computers, Cars, VideoGames, Movies, Music
Occupation:
Webmaster/Student
Location:
Outworld, Canada
Posts:
3,930
Join Date:
Jan 2006
My time is ticking away....
Nitz is:
Points: 22,922, Level: 93 |
Level up: 58%, 428 Points needed |
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I'm happy being in Canada. Our dollar is worth more than the US dollar. Our econemy, was "supposed" to fall with the USA, but it apparently is doing pretty good.
Countries are not investing in US shares now and more in Canadian shares. Our taxes have gone down a lot too.
I'm happy here, knowing funds are in good health here. It sucks for the states, everything is just crumbling.
USA will dig it's self out, but it will be a pretty deep hole to climb out of.... =\
Gamerz-Place is looking for staff... PM Nitz for more info.
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Bio:
I like web disigning
Interests:
World of Warcraft <3
Occupation:
A matenance man
Location:
*points to map* HERE!
Posts:
604
Join Date:
Jul 2007
Rep Power: 45
Gamerz Place Grammar Nazi
Cruentus:
is lonely.
Cruentus is:
Level up: 67%, 50 Points needed |
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Well harry, get off your highhorse, you are leaving canada soon anyway 
But yes, the Euro(i know not canadian) is now worth 3.21 US Dollars. Their taxes have gone down as well. Here taxes are up and up and up. Gas is up to almost 4.75$ a gallan here, and im told thats cheap
Hey you guys! Welcome back to Gamerz Place!
Have you read the rules yet?
Look below
The following rules apply to the forums.
1. No spamming: Means no one-word posts, no double-posting, and no going off-topic in threads. One-word posts are legal in some areas of the 7th Heaven forum and Quiz Corner however, everywhere else it's prohibited. Double-posting will sometimes be allowed to slide, but if it's say 5 minutes after you just posted before, then it's prohibited.
2. No flaming or trolling: Means no directly going at someone and trying to provoke fights or saying racist, hurtful things. Flaming is basically going at someone directly, while trolling is saying things to instigate a fight. Both are not tolerated here whatsoever.
3. No advertising: Means no promoting other websites of ANY kind. You're allowed to have a link in your profile where it says 'homepage' other then that if it's in your sig, you advertise in a thread or anything, it will immediately be deleted. Also no advertising through PM either, that is the worst and lowest form of advertising there is, so don't do it.
4. Avatar & Sig limits: Avatar max limits are 125x125 in pixels. Animated avatars are allowed. Sig limits are 500x200. You're also allowed to have an animated sig, however it is not to be a huge animation, just a small one. Anything that's fully animated will be taken off as it's prohibited.
5. Consequences:
-Spamming: If you are caught spamming, meaning one-word posting, double-posting, going off-topic, then likely your post is just gonna be deleted by a staff member, if this occurs more then a couple times, a staff member will likely quote you and point out to you to stop. If it keeps occuring, then temporary suspensions of a day or 2 may be necessary.
-Flaming: If you are caught flaming, trolling in any way, your post again will be deleted the first time. Just the first time, if you are caught again you will be told to stop by a staff member, if it keeps happening, you will be suspended. Since this is more serious then spamming, it will be a longer suspension likely of a week or so.
-Advertising: If you are caught advertising, you're post or thread for advertisement gets deleted, simple as that. If you do it more then once you get told to stop again, but if you keep doing it we may have to suspend for a day or 2 to teach you that it's not allowed. However, if you are caught advertising through PMs, the consequences are more severe. First time you get warned to stop, second time automatic 2 day suspension, any other time after that you're gone forever. Just keep that in mind.
-Avatar & Sig: If you put on a bad sig or oversized, no big deal really. A staff member will just edit your sig saying to remove it within X amount of hours and that it's too big or whatever. Or if your sig is too big, we may just put some of your things in a spoiler code, so it isn't lagging for other users.
That is all. All the rules and consequences have been covered. Any questions, just PM an Admin or any staff member for that matter.
Thank you for reading and understanding the rules, and enjoy the forums!
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Bio:
i am an artist and i own my own bike company
Interests:
bmx, music, art, video games
Occupation:
artist/owner of bmx company
Location:
pittsburgh
Posts:
214
Join Date:
Jun 2008
Rep Power: 35
Rookie
seddy:
likes tacos
seddy is:
Level up: 85%, 15 Points needed |
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wow gas heer is is only 3.67.. was 3.47 till the hurricane.. this time last year was 2.47
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