Rolling US Economy Into The Shitbin Thread

His first response to Katrina was to root out fraud as well (insurance, in that case).

I could have sold my stocks a couple weeks ago and bought back in much lower, instead of sticking to that "leave it in for the long term" old man schtick. Hindsight is a bitch. Let's just hope nothing I own goes bankrupt.

Yeah, now I'm starting to worry too. I am of the "own it and never touch it" school but this is getting scary.

I think I should have at least sold my smaller stocks and put everything into solid too-big-to-fail companies. Again, hindsight is a bitch.

Anything that bounces right back I just don't trust. A V shaped bottom seems something to steer clear of to me

i hope that no cats are hurt in the making of this recession

i had a cat once. then the stock market ATE IT.

predictions where this will close today? i'm saying -6.81%

7,800?

It's really fucked up that someone like me who's poo-poo'ed 401Ks and decided to save (with partial success) for a Roth IRA is actually in a BETTER position right now than most who have gone with more standard savings approaches.

http://www.superpoop.com/100808/imaginary-money.jpg

Mackro -- you do your Roth contributions yearly?

Either that or one instance of my paranoia has actually paid off for once.

xp - lol, I haven't gotten to the minimum amount to start one yet but I'm close.

and after that, I would plan to contribute at least yearly to it (if allowed to contribute more often than yearly)

http://i36.tinypic.com/wjti4k.jpg

"gyrate"

sexy

http://imagecache2.allposters.com/images/pic/FIP/HI-00204-C~Hula-Dancer-Hawaii-Posters.jpg

and after that, I would plan to contribute at least yearly to it (if allowed to contribute more often than yearly)

I thought Roth IRA caps were based on dollar amounts?

Anyway, my meager 401K is probably putting the bit it's already spit back in its mouth to spit it even farther. Good thing I don't save money!

Rolling Iceland Economy Into The Shitbin Post

Canada says "join us"

http://www.nationalpost.com/scripts/story.html?id=868982

http://www.classichomegamerooms.com/pics/Copy%20of%20ElvisShake.gif

http://www.flagpole.com/images/jpgs/2007/10/17/pylon-gyrate.jpg

http://static.ibnlive.com/pix/sitepix/10_2007/bse_stockbrokers248.jpg

awwwww

Wow, copper's tanking.

http://aycu16.webshots.com/image/46975/2003625438545640058_rs.jpg

Berkshire Hathaway shares down $6,240. Another loss like that and they'll be nearly below $100,000 a share!

http://i35.tinypic.com/2jd2mux.jpg

If I had a few thousand dollars laying around right now I'd probably keep an eye on the Berkshire B shares and buy one when they settle down a bit.

Oil down to where is was last December (nearly) - one of those things that seemed to be important once...

Dow back to, in fact, gyrating

http://i1.iofferphoto.com/img/item/308/936/76/rollover.jpg

DJIA heading to 8,000 with two hours to go...

Last few days have seen monster plunges in the last half hour too

Oct. 10 (Bloomberg) -- Sellers of credit-default protection on bankrupt Lehman Brothers Holdings Inc. will have to pay holders 91.375 cents on the dollar, setting up the biggest-ever payout in the $55 trillion market.

nice understatmente...

The failures of Lehman, once the fourth-largest securities firm, and Seattle-based Washington Mutual Inc. as well as the government takeovers of Fannie Mae, Freddie Mac and Iceland's biggest banks have provided the 10-year-old credit-default swaps market with its biggest test to date.

It's just a test. I thought it was real. Phew.

http://www.foxnews.com/story/0,2933,435681,00.html

World Bank Under Cyber Siege in 'Unprecedented Crisis'

holy fuck

wowwwwwwwww

If I had a few thousand dollars laying around right now I'd probably keep an eye on the Berkshire B shares and buy one when they settle down a bit.

― Everything is Highlighted (Hurting 2), Friday, October 10, 2008 3:52 PM (3 hours ago) Bookmark Suggest Ban Permalink

was thinking the same today, look at its relative strength vs dow

Tombot has been curiously absent…

hey now -- 8,517.62Change:-61.57 -0.72%

waht

shoving it up for a freefall of selling in the last 30 mins.

theres always monday

Yeah, wouldn't be surprised - a lot of people who wished they got out before are going to get out now, methinks.

omg it's up 50 what the fuckity fuck is going on

+100

the bigger they are

+213

+300!

Everything seemed strangely placid when the final credit default rate was announced for the Lehman stuff.