I love the fact that the base don't get why they are losing. Barring events or an awesome Republican presidential candidate who persuades them how retarded they're being, this could be the start of a British Labour-in-the-1980s style wilderness.
― caek, Thursday, 9 October 2008 20:44 (fifteen years ago) link
Wrong thread. Sorry Tombot.
Sheeeit, I thought my "Dow will hit 1,000" post was a joke...
Mackro, do you expect Obama to renounce his "I love markets" pander? (I heard him say it.)
Is the bailout's prime benefit sposed to be psycho-lo-logical? cuz that $ "isn't in the system yet," NPR keeps saying.
― Dr Morbius, Thursday, 9 October 2008 20:47 (fifteen years ago) link
my maternal Republicans-4-life family are all going crazy right now. It's interesting because they say they all like Palin, don't really like McCain, are really afraid of Obama, etc. but they're telling me things about the government that sounds like they've been reading the fucking Daily Kos! ("Brian, you know they have a cure for cancer and a cure for AIDS. They just won't give us the information because the pharmaceutical companies want to profit", etc.) So, I think there are a lot of incredibly delusional, loud, and highly conflicted Republicans right now.. and it's kinda scary, given that many of these people are a bit trigger happy, literally.
Morbs: I'm honestly surprised Obama isn't suffering more for his partaking in the bailout, or more to the point, that McCain isn't hopping on the anti-bailout bandwagon, but I was told above that being anti-bailout was bad for the election. (well, no shit, nothing is "good" right now, right?) On this issue, Obama's lucky he's against McCain and not against pretty much any other Republican candidate (stressing "this issue")
― obamaloverholeinyohead (Mackro Mackro), Thursday, 9 October 2008 20:49 (fifteen years ago) link
Was it literally "I <3 Markets"?
― obamaloverholeinyohead (Mackro Mackro), Thursday, 9 October 2008 20:51 (fifteen years ago) link
holy fuck, and i was worried about pulling out late 2 days ago
― bnw, Thursday, 9 October 2008 20:52 (fifteen years ago) link
http://cache.gawker.com/assets/images/gawker/2008/10/Picture_755.jpg
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Thursday, 9 October 2008 21:11 (fifteen years ago) link
All the Republicans-4-Life I know have either become vociferous Obama supporters or are depressed and moaning about how there are "no conservatives" in the government anymore. Which is basically true if your definition of conservatism is more coherent than "opposes abortion."
― Maria, Thursday, 9 October 2008 21:18 (fifteen years ago) link
^^^
― Like sicking a little bit of water into my mouth (HI DERE), Thursday, 9 October 2008 21:25 (fifteen years ago) link
jimmy mod is there a version of that chart that takes inflation into acct?
― joe 40oz (deej), Thursday, 9 October 2008 21:30 (fifteen years ago) link
wow that graph is kinda amazing - hadn't realized the volume of trading had increased so dramatically post-'87
― Shakey Mo Collier, Thursday, 9 October 2008 21:31 (fifteen years ago) link
wow my 401(k) is down 30%
― Like sicking a little bit of water into my mouth (HI DERE), Thursday, 9 October 2008 21:36 (fifteen years ago) link
Haven't checked mine. Have some in some kind of Life Sciences fund, gonna hit that cure-for-cancer jackpot.
― Eazy, Thursday, 9 October 2008 21:44 (fifteen years ago) link
"Brian, you know they have a cure for cancer and a cure for AIDS.
Are they Outkast??
― Spencer Chow, Thursday, 9 October 2008 22:06 (fifteen years ago) link
http://www.cnn.com/2008/US/10/08/chicago.evictions/index.html?iref=mpstoryview
oh man
― Like sicking a little bit of water into my mouth (HI DERE), Thursday, 9 October 2008 22:24 (fifteen years ago) link
http://finance.yahoo.com/q?s=MMM
OH MAN
(I used to have an alert set that would ping me on the rare times this dipped below 75)
― Like sicking a little bit of water into my mouth (HI DERE), Thursday, 9 October 2008 22:30 (fifteen years ago) link
When mine was down 20% I was all like hmm I really should shift everything to bonds but then I got, y'know, busy at work.
― my sweet coconut (rogermexico.), Thursday, 9 October 2008 22:44 (fifteen years ago) link
Hey gabbneb, it looks like Portfolio.com, is working for the GOP now
"The stock-market plunge is good news for Barack Obama, too. I haven't done the exact calculation, but total US stock-market losses per household over the past year are now approaching the $100,000 level. There's simply no way the incumbent party can win an election in that kind of environment."
― Dandy Don Weiner, Thursday, 9 October 2008 22:45 (fifteen years ago) link
wow look at the Nikkei!!
― Kondratieff, Friday, 10 October 2008 00:52 (fifteen years ago) link
will they suspend?
― Kondratieff, Friday, 10 October 2008 00:56 (fifteen years ago) link
holy god. 11% in 45 minutes?
― negotiable, Friday, 10 October 2008 01:05 (fifteen years ago) link
that would have auto-suspended on new York. Holy crap.
― stet, Friday, 10 October 2008 01:06 (fifteen years ago) link
http://i35.tinypic.com/90umns.png
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:08 (fifteen years ago) link
tomorrow is going to be a strange day.
― negotiable, Friday, 10 October 2008 01:08 (fifteen years ago) link
i wish i had money to buy things with
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:10 (fifteen years ago) link
we gonna die
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Friday, 10 October 2008 01:10 (fifteen years ago) link
i wish i was in finance right now - how fascinating!
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:12 (fifteen years ago) link
FTSE and dow could be carnage tomorrow. Could be the big one?
emergency rate cut (again)? Do they know any other tunes?
― Kondratieff, Friday, 10 October 2008 01:16 (fifteen years ago) link
i was at my sister's the other night, and her friend was over. dude is an i-banker and i really wanted to ask about the situation but felt it would be like asking someone about their recently murdered loved one or something
― the valves of houston (gbx), Friday, 10 October 2008 01:18 (fifteen years ago) link
at one point do we light out for the territories
― the valves of houston (gbx), Friday, 10 October 2008 01:19 (fifteen years ago) link
one = what
lol beer on a thursday
i have 2 childhood friends that im in sporadic contact with who manage a hedge fund - i really want to email them but i am afraid
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:20 (fifteen years ago) link
"soooooooo....what insights can you provide on our recent calamitous financial situation?....buddy. hey do you remember that time with the animals and the one mean teacher?? oh man! but seriously, you're like the only person i know that might even know"
― the valves of houston (gbx), Friday, 10 October 2008 01:22 (fifteen years ago) link
their whole thing is risk management - theyre v conservative by hedge fund standards and claim that their strategies protect yr $$$ in a down market - im really curious to hear if its working
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:25 (fifteen years ago) link
i could prob just ask someone whos in more regular contact w/them
I'm flying up to Maine to be with family for a few weeks so if the shit hits the fan it was nice knowing yall
― Adam Bruneau, Friday, 10 October 2008 01:32 (fifteen years ago) link
wish i was in finance right now - how fascinating!
hahahaha no, no you don't
― ******* (Lamp), Friday, 10 October 2008 01:38 (fifteen years ago) link
ah what do u do lamp?
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:40 (fifteen years ago) link
If you were in finance right now you wouldn't be in finance right now.
― Everything is Highlighted (Hurting 2), Friday, 10 October 2008 01:40 (fifteen years ago) link
i would so be in finance i would be the king of finance so there
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:41 (fifteen years ago) link
Steve Coll has a pretty good post summing up one of the major problems with the current regulatory framework and implicitly makes a pretty good case for further gov't intervention in the markets
xpost ice cream until recently i was an associate at a large FI but now i work in PR
― ******* (Lamp), Friday, 10 October 2008 01:45 (fifteen years ago) link
japan can't cut its rate, it's already grazing zero. Guess the big fear next up is deflation.
― stet, Friday, 10 October 2008 01:55 (fifteen years ago) link
why is this shit always going down in October?
does fi stand for finance something - were u there when shit stared to get crazy - what was it like ???
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:56 (fifteen years ago) link
ice craem congratulations on yr promotion, for you are now... http://www.helstar.com/
― negotiable, Friday, 10 October 2008 01:56 (fifteen years ago) link
ty ty i could not have done it w/o the posters of ilxor.com
― joseph sixpack (ice crӕm), Friday, 10 October 2008 01:57 (fifteen years ago) link
lol omg it's all over
― negotiable, Friday, 10 October 2008 01:59 (fifteen years ago) link
FI = financial institution i worked in lol credit risk mgmt proof enough i suppose that the wrong ppl we're running the black boxes i quit like 1.5 yrs ago now (!!) tho and the place i worked is in pretty good shape but i cant really take credit either way. most of my friends from school work(ed) in finance and it is... not good now. most ppl are jumping to private equity/hedge funds i think
― ******* (Lamp), Friday, 10 October 2008 02:11 (fifteen years ago) link
do u understand derivatives
― joseph sixpack (ice crӕm), Friday, 10 October 2008 02:14 (fifteen years ago) link
F'(x) = f(x)
― ******* (Lamp), Friday, 10 October 2008 02:15 (fifteen years ago) link