Global economic crisis

[Dionne]

hahahahahahahhehehehehe......the voodoo economics have failed!! Exit stage left! This is a really interesting ride.

I spent the day in the garden planting onions and spinach.

Just out of curiousity.....what percentage of us Americans can actually grow enough food to survive?

My guess is in the mid 50% range.....maybe less?

How many S2K folks plant gardens and take harvests? In the event of economic collapse would you be able to survive on your own?

Imagine a clad 25 cent coin being worth more than a paper one dollar bill?

[RL3AO]

[Brent]

-655! Hurry up bell.

[Brent]

Rally to -440 now back to -511.

[Brent]

Plunging again.

-584 as the bell sounds.

-634... sheesh. Major selloff at the end again.

-659.

[RL3AO]

Dow 8,609.77 -648.33 -7.00%

Nasdaq 1,645.12 -95.21 -5.47%

S&P 500 912.28 -72.66 -7.38%


S&P and Dow down over 7%

[Brent]

-678.91. Below 8,600.

GM stock down 31%

[feederband]

Bad news I had no money to buy stocks...

Good news I have no stocks...

[RL3AO]

Looks like they settled.


Dow 8,579.19 -678.91 -7.33%

Nasdaq 1,645.12 -95.21 -5.47%

S&P 500 909.94 -75.00 -7.61%

[tomboudreau]

hahahahahahahhehehehehe......the voodoo economics have failed!! Exit stage left! This is a really interesting ride.

I spent the day in the garden planting onions and spinach.

Just out of curiousity.....what percentage of us Americans can actually grow enough food to survive?

My guess is in the mid 50% range.....maybe less?

How many S2K folks plant gardens and take harvests? In the event of economic collapse would you be able to survive on your own?

Imagine a clad 25 cent coin being worth more than a paper one dollar bill?

Let's try most people in the north probably dont have any means of growing year round. Heck, in most of the big cities, I doubt people are able to have gardens because there are buildings everyone. There might be community gardens where everyone can plant and grow stuff. I know in our situation (my wife and mine), the yard is too small to support a garden and have room for the dog to go outside and burn off energy. Oh yeah, 95% of our yard is a hill that doesnt get any sun until late afternoon. We do what we can and move on from there. As its been told to me many times, it is what it is.

[Cyclenall]

hahahahahahahhehehehehe......the voodoo economics have failed!! Exit stage left! This is a really interesting ride.

I spent the day in the garden planting onions and spinach.

Just out of curiousity.....what percentage of us Americans can actually grow enough food to survive?

My guess is in the mid 50% range.....maybe less?

How many S2K folks plant gardens and take harvests? In the event of economic collapse would you be able to survive on your own?

Imagine a clad 25 cent coin being worth more than a paper one dollar bill?

Get your gold supply, year(s) food supply, and seeds ready for action.

[Dionne]

hahahahahahahhehehehehe......the voodoo economics have failed!! Exit stage left! This is a really interesting ride.

I spent the day in the garden planting onions and spinach.

Just out of curiousity.....what percentage of us Americans can actually grow enough food to survive?

My guess is in the mid 50% range.....maybe less?

How many S2K folks plant gardens and take harvests? In the event of economic collapse would you be able to survive on your own?

Imagine a clad 25 cent coin being worth more than a paper one dollar bill?

Get your gold supply, year(s) food supply, and seeds ready for action.

Interesting that this pending financial pitfall is similar to a hurricane. When we wake up every morning the entire scenario has changed. Weather and financial markets never sleep.

[gtalum]

Just remember that the DJIA is not the economy as a whole.

The economy is not good, but this selloff is almost all irrational fear and not based on much if any logical reasoning. The tough part is gauging the bottom to figure out when to buy more.

[CajunMama]

hahahahahahahhehehehehe......the voodoo economics have failed!! Exit stage left! This is a really interesting ride.
I spent the day in the garden planting onions and spinach.

Just out of curiousity.....what percentage of us Americans can actually grow enough food to survive?

My guess is in the mid 50% range.....maybe less?

How many S2K folks plant gardens and take harvests? In the event of economic collapse would you be able to survive on your own?

Imagine a clad 25 cent coin being worth more than a paper one dollar bill?

So you are finding it humorous that hard working people have lost alot of their retirement?

[gtalum]

So you are finding it humorous that hard working people have lost alot of their retirement?

In Dionne's defense, I think he's laughing at the arrogant politicians and "fat cats", not the hard working people. He seems to me to be in the latter category like the rest of us.

You can laugh or cry at life. Some of us just choose to laugh.

[CajunMama]

In defense of myself and others who may have taken it my way, what he typed didn't differentiate WHO he was talking about. You choose to take it to mean the "arrogant politicians and fat cats".

And might i add, our retirement took a pretty decent hit.

[coriolis]

hahahahahahahhehehehehe......the voodoo economics have failed!! Exit stage left! This is a really interesting ride.

I spent the day in the garden planting onions and spinach.

Just out of curiousity.....what percentage of us Americans can actually grow enough food to survive?

My guess is in the mid 50% range.....maybe less?

How many S2K folks plant gardens and take harvests? In the event of economic collapse would you be able to survive on your own?

Imagine a clad 25 cent coin being worth more than a paper one dollar bill?

That sounds like you're laughing at people's misfortunes. Maybe you're gloating because you have no investments yourself, or you have some resentment towards the party that's in power, or maybe you have more of a survivalist bent. (Do any of those shoes fit?)

My own investments are meager, and the thought did cross my mind that maybe the fat cats are getting their just desserts. But to voice it in public like that is just rude. This downturn is not going to hurt the real disgusting fat cats that much. It'll be more of an inconvenience. The people who really get hurt are the people of modest means who are ready to retire.

In any case it's never right to laugh at the misfortunes of others no matter how much you think they might deserve it. Seneca said that "what happens to someone can happen to anyone" It might come in a different form, but we are all just a heartbeat from catastrophe, no matter how we plan and prepare. You can spend your life preparing for some disaster and then you can get hit with a different disaster that you didn't prepare for! So my advice is to think twice before you spout off some trash that serves no good purpose.

[Cryomaniac]

Just remember that the DJIA is not the economy as a whole.

Maybe not, but it does show that the traders are worried that the economy as a whole is f-ed up...

[george_r_1961]

In defense of myself and others who may have taken it my way, what he typed didn't differentiate WHO he was talking about. You choose to take it to mean the "arrogant politicians and fat cats".

And might i add, our retirement took a pretty decent hit.

My 401k took a major dump and my stocks..well lets just say I lost hundreds. Maybe a drop in the bucket for many people here but not for this middle class guy.

And im not laughing

[Chacor]

Nikkei 225 starting the day over 10% down.