Will the stock market hold...or is the bubble ready to burst?

[El Kabong]

.....just a bit longer and it'll be time to put money in there (for certain stocks)

[Kirkland Laing]

.....just a bit longer and it'll be time to put money in there (for certain stocks)

You invested when the Dow was 13500. How did that work out for you?

Tomorrow sees $400 billion of Lehman Brothers assets being auctioned off. The price stuff went for will be officially announced to the rest of the financial community at 2PM but everybody will be following the auction all day. There could be some serious gyrations tomorrow, although it's possible today's mini-meltdown is just the market anticipating tomorrow.

[Kirkland Laing]

What's good to invest in right now Lyle please?

[CFH]

This is fucked. I guess I'm going to have to reconcile myself to the fact that the money my mom left me via life-insurance could well be gone soon. I'm rather upset about it.

Oh well, who needs an education...

[pacfan]

...wait a second, guys, not just yet. Wait for the market to bottom out. No doubt there are some fire-sales going on out there now, but who knows, things can go from bad to worst real quickly in the coming weeks or months. We're definitely sailing on unchartered territory and it's really very risky to cross there at this point. Things are very hazy now; nobody know for sure where we're heading. Of course, if you take a that risk right now, you will make a real big jackpot if things turned out even just a little better. But again, that's another big iffy thing, and an extremely questionable one at that...

[El Kabong]

BB&T was very conservative in the loans they gave out

Wachovia is getting ready to be bought out by either Citigroup or Wells Fargo both solid companies


General Mills is used every day by everyday people no matter what the crisis.


Buy stock that is a product people use, Gillette is a good one.


Duke Power is energy if that goes bad then I could give a fuck about the money I wasted on it I'd be more worried about what is turning on my lights and running my refrigerator.




I mean that's what I will do...I'm not trying to sway anyone one way or another, I could give two shits about what yall do with your money

[pacfan]

BB&T was very conservative in the loans they gave out

Wachovia is getting ready to be bought out by either Citigroup or Wells Fargo both solid companies


General Mills is used every day by everyday people no matter what the crisis.


Buy stock that is a product people use, Gillette is a good one.


Duke Power is energy if that goes bad then I could give a fuck about the money I wasted on it I'd be more worried about what is turning on my lights and running my refrigerator.




I mean that's what I will do...I'm not trying to sway anyone one way or another, I could give two shits about what yall do with your money

Of course, Lyle, if you take the risk, you can be a zillionaire if things improve. Some of the stocks are sold for just a fraction of what they used to sell just couple of months back. If these companies are successfully revived, then their shares price should bounce back real big. But you need to have a real market saviness to be able to correctly see which ones have the potential for that. With all my knowledge of Economics and business, I wouldn't dare...

[pacfan]

...and don't forget, Iceland is reportedly on a verge of financial collapse, or simply put - bankrupt...

...who's next? Things are looking real, real bad, so you better all brace yourselves and pray hard...

[Kirkland Laing]

...and don't forget, Iceland is reportedly on a verge of financial collapse, or simply put - bankrupt...

...who's next? Things are looking real, real bad, so you better all brace yourselves and pray hard...

So is Pakistan. They're begging for a hundred billion bailout. An Islamic failed state with nuclear weapons. Excellent.





Miserable enough for you?

[Kirkland Laing]

Statement from the Bank of Jamaica regarding the global financial crisis :

[El Kabong]

What's good to invest in right now Lyle please?

General Mills, Duke Power, BB&T, WACHOVIA....there is opportunity out there. What would you do? I have lost money like everyone else but how often does this stuff happen AND the lowering of the prices make for better deals Wachovia isn't staying under $4 a share once it's absorbed by Citigroup or Wells Fargo.


Wachovia is the only risky choice I have on there...BB&T did a great job and is a solid bank