View Full Version : credit and mortgage crisis? is it really THAT bad?


Why
07-11-2004, 01:23 AM
what exactly is going to happen in the over all market? why is every other stock being affected by this, i.e. appl, goog, all the tech stock that's not even in the same sector.someone please explain to me if this means a total market meltdown and should i keep my tech stockswith all the defaulted mortagages that may indicate a recession is coming up, can someone tell me a good source where I can check current market indexes, unemployment rate, etc?

ioerr
07-20-2004, 07:18 PM
I doubt anybody really knows the answer to that last question. You can always find somebody to explain why what happened yesterday was perfectly rational and unsurprising. What's going to happen tomorrow? Oddly enough you don't hear so much about that. I wouldn't worry too much. It's only money. Why not relax, listen to some soothing oldiesWhen Black Friday comesI'll stand down by the doorAnd catch the gray menWhen they dive from the fourteenth floorWhen Black Friday comesI'll collect everything I'm owedAnd before my friends find outI'll be on the roadWhen Black Friday falls you know it's got to beDon't let it fall on meand so onkidding aside, I think you should hold anything you've got that you still think is based on a worthwhile company, and if you've got any cash lying around you should buy a few shares periodically until the market bottoms out. Or you could go into short sales, and lose all your money later on when the market goes back up again. Decisions, decisions. But I say that with the disclaimer that, as an anonymous internet weirdo, I may very well have not the slightest idea what I'm talking about, as far as you know, and anything you decide to do is at your own risk. I aint taking responsibility for nuthin.

noorofmoon
07-30-2004, 01:14 PM
edit

pleasewaterme
08-09-2004, 07:09 AM
www.stockcharts.com