wow my 401(k) is down 30%
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
what does a math dude do in pr
― joseph sixpack (ice crӕm), Friday, 10 October 2008 02:19 (fifteen years ago) link
sudoku?
― David R., Friday, 10 October 2008 02:20 (fifteen years ago) link
i work for a lot of finance lawyer guys, asked one of them jokingly about this a few weeks ago, he was pretty much like don't worry about it, our economy's the strongest in the world, etc. etc. but who knows
― Mr. Que, Friday, 10 October 2008 02:20 (fifteen years ago) link
ah no one know anything fuck it
― joseph sixpack (ice crӕm), Friday, 10 October 2008 02:22 (fifteen years ago) link
^^^ perfect for job in finance
― ******* (Lamp), Friday, 10 October 2008 02:24 (fifteen years ago) link
seeee
― joseph sixpack (ice crӕm), Friday, 10 October 2008 02:26 (fifteen years ago) link
been talking with a very successful veteran broker throughout all this, who was very concerned about bad mortgages 3 or 4 years ago, and who has been completely on point so far, and who says that neither he, nor anyone else he knows has ever seen anything like this, that it is of a totally unprecedented order and magnitude, that there is no telling whatsoever what the bottom will be, except that we're nowhere near it, and that there is absolutely no way to fix or even mitigate it at this point.
― negotiable, Friday, 10 October 2008 02:27 (fifteen years ago) link
</bummers>
― negotiable, Friday, 10 October 2008 02:28 (fifteen years ago) link
Forget the 1930s shitbin; this guy's all about the 1870s shitbin:
In fact, the current economic woes look a lot like what my 96-year-old grandmother still calls "the real Great Depression." She pinched pennies in the 1930s, but she says that times were not nearly so bad as the depression her grandparents went through. That crash came in 1873 and lasted more than four years. It looks much more like our current crisis.
― stet, Friday, 10 October 2008 02:30 (fifteen years ago) link
see now theres no way we cant mitigate it - thats saying that it doesnt mater what anyone does - which just seems patently absurd to me
― joseph sixpack (ice crӕm), Friday, 10 October 2008 02:31 (fifteen years ago) link
panic's hard to mitigate
― stet, Friday, 10 October 2008 02:32 (fifteen years ago) link
were the problem just panic itd be substantially easier to deal with
― joseph sixpack (ice crӕm), Friday, 10 October 2008 02:33 (fifteen years ago) link
effectively/materially/substantially mitigate i guess
― negotiable, Friday, 10 October 2008 02:34 (fifteen years ago) link
http://ichart.finance.yahoo.com/instrument/1.0/%5EN225/chart;range=1d/image;size=239x110
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Friday, 10 October 2008 02:36 (fifteen years ago) link
http://ichart.finance.yahoo.com/instrument/1.0/%5EN225/chart%3Brange%3D1d/image%3Bsize%3D239x110
Especially with a non-existent president
― Everything is Highlighted (Hurting 2), Friday, 10 October 2008 02:37 (fifteen years ago) link