Two of the BIGGEST financial firms Merril Lynch and Lehman Brothers are BROKE, Filed Bankruptcy, sold to BOAOriginally Posted by Ran
Looming is AIG possibly going under soon as they are asking for bailout money.
All because of the housing crisis
Two of the BIGGEST financial firms Merril Lynch and Lehman Brothers are BROKE, Filed Bankruptcy, sold to BOA
Looming is AIG possibly going under soon as they are asking for bailout money.
All because of the housing crisis
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Ah, well that sucks I guess. What exactly does this mean for the average joe?
what it means is that the BIGGEST FINANCIAL FIRMS in the country, some could be the world, are going broke.
This means that investors are selling off stocks like crazy, investor confidence is down, etce tc etc
THe stock market is plummeting, it means there is still no end in sight for the housing crises.
Expect the economy to get worse.
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Again, what exactly does this mean for the average joe? I, personally, don't give two squats about the stock market, the national debt, or anything like that. If it doesn't affect me personally, I don't care. So with that in mind, is this going to be bothering me any?what it means is that the BIGGEST FINANCIAL FIRMS in the country, some could be the world, are going broke.
This means that investors are selling off stocks like crazy, investor confidence is down, etce tc etc
...
Expect the economy to get worse.
Well, from what I gather, that just means it's becoming more of a buyer's market. That's good news for me. lol
Lets not spread silly information please, sure investors are selling off stock, but its mostly coming out of the financials, not all stocks. Down 180 points, and being decently above the 11k mark on the Dow, is not plummeting. The economy will be fine.what it means is that the BIGGEST FINANCIAL FIRMS in the country, some could be the world, are going broke.
This means that investors are selling off stocks like crazy, investor confidence is down, etce tc etc
THe stock market is plummeting, it means there is still no end in sight for the housing crises.
Expect the economy to get worse.
Last time I checked Dow was down 500 points today. And ROFL at the people that think we are close to rock bottom. Things are just going to get worst. And are people truely dumb enough to blame our economy solely on our president, or our government for that matter. This has stemmed from the bubble popping, I mean did all these banks and mortgage companies seriously think giving a loan to anyone and everyone for more then they could afford was going to last forever?
. One last thing, this recession effects everyone, just some in smaller ways then others, so dont be so ignorant to say that our economical situation doesnt effect you.
Last edited by 6.0GTO; 09-15-2008 at 08:28 PM.
When I checked it around 2, it was down like 180 something. I didn't see the close. Oh well, it doesn't make that much of a difference, you'll see a rebound not to long from now.Last time I checked Dow was down 500 points today
Last time I checked Dow was down 500 points today
Do you invest in stock?
Edit: Better yet do you have an understanding of economics?
Average Joe? I'm not average.
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