US Stocks Plummet

[Solidus_77]

the oil will not suddenly dissapear, it will go little by little. You're likely to see it increase in price, so buy a hybrid car. Problem solved.

[Binyam]

http://www.breitbart.com/news/2007/02/27/D8NIA9980.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It's the beginning of the end for the US dollar. Actually, it's the end of the end. It's days have officially been numbered since August 15, 1971. The world oil supply can not continue to meet the demands of a fully developed China and US. The illegal and unjustified war on terror is simply an excuse to grab the oil rich lands in the Middle East before it is too late. But it already is. Instead of spending hundreds of billions on this stupid war, we should have invested in alternate fuels and agricultural wealth.

 

 

 

 

 

 

 

You are an idiot. Everything is all a big conspiracy for you. Everything is the end of the world...or the end of the US, anyway, and all becuase of President Bush and his so-called "The illegal and unjustified war on terror". Go home, because obviously you cannot see past the end of your nose.

 

 

 

 

 

 

 

FOR YOUR INFORMATION:

 

 

 

 

 

 

 

Last week, The Dow Jones Industrial Average was at an all time high, which was approximately 2000 points HIGHER than before September 11, 2001.

 

 

 

 

 

 

 

According to the Wall Street Journal:

 

 

 

 

 

 

 

A dramatic plunge in stocks world-wide is forcing global investors to reevaluate their appetite for risk. The Dow industrials sank 416.02 points, or 3.3%, to 12216.24, their worst one-day decline since Sept. 17, 2001. The retreat was triggered by an 8.8% selloff in Shanghai overnight. Markets in France and Germany fell 3% and Brazil lost 6.6%. A sudden 200-point tumble in the Dow at 3 p.m. was the result of a glitch in how Dow Jones calculates the average.

 

 

 

 

 

 

 

So this was a global thing and was triggered by a selloff in stock in China, not because "It's the beginning of the end for the US dollar. Actually, it's the end of the end". If you will look at this neat little chart, linked below, by the Wall Street Journal, you will see pretty clearly that this doesn't even come close to classifying as one of the worst ever. Sure, there was a drop, but that does happen somewhat frequently.

 

 

 

 

 

 

 

Dow Jones Industrial Average

 

 

 

All-Time Largest One Day Gains and Losses

 

 

 

 

 

 

 

 

 

 

Or, to make it even easier to understand, here is a chart by CNN.com showing the DJIA since 2003, since we started this "illegal and unjustified war".

 

 

 

 

 

 

 

CNN Money - Dow Jones Industrial Average Stock Charts

[Bubsa]

Why is it that every thread I read from this Topic starter yells the end of the world, in some shape or form?

[Celt23]

^^ Both of you, that's why pault's threads are fun to read. No need to point out such things in an economic thread, or the 9/11 one for that matter.

 

 

 

 

 

 

 

I agree with the other parts to an extent.

[Korla]

the oil will not suddenly dissapear, it will go little by little. You're likely to see it increase in price, so buy a hybrid car. Problem solved.

 

 

 

 

 

 

 

Unless your government helps oil users by decreasing taxes on oil, thereby giving the people a false image of the actual cost of oil, causing to oil consumption to not decrease at the rate it should. GO USA...In sweden I think gas is about 3x as expensive as in the US. Not sure on exact figures, but your prices are nothing.

 

 

 

 

 

 

 

 

 

 

Greed Kills the economy.

 

 

 

 

 

 

 

~Defender~

 

 

 

Oversimplify much? While greed is perceived as a bad thing, it in no way kills the economy. People's desire to make more and more money helps the economy if anything.

 

 

 

 

 

 

 

Greed Helps?

 

 

 

 

 

 

 

Well, since you believe greed improves the economy, proof please.

 

 

 

 

 

 

 

If it does, i'll go out and start hoggin things for myself. Of course.. don't really see how thats helping my neighbors.

 

 

 

 

 

 

 

Once again, show me proof.

 

 

 

 

 

 

 

~Defender~

 

 

 

What do you mean, proof? That's like asking me to prove that people with motivation are more likely to succeed. You just don't prove these kinds of things. I'm sorry if the premise that people who have a drive to make money are likely to help an economy just doesn't work for you. But then again, I could just flip things around, and ask you to find me proof that people's desire to accumulate wealth is bad for an economy.

 

 

 

 

 

 

 

People who earn money to spend money to earn more money are good for the economy. Not people who earn money to save them. That's a huge difference.

[malo2]

It's the beginning of the end for the US dollar. Actually, it's the end of the end. It's days have officially been numbered since August 15, 1971. The world oil supply can not continue to meet the demands of a fully developed China and US. The illegal and unjustified war on terror is simply an excuse to grab the oil rich lands in the Middle East before it is too late. But it already is. Instead of spending hundreds of billions on this stupid war, we should have invested in alternate fuels and agricultural wealth.

what does that have to do with the drop in the stock market? the main reason for the drop was a computer glitch that showed incorrect numbers, causing people to sell things when they didn't need to.

 

 

 

 

 

 

 

will you stop reading the crap some people feed you? like the 911 conspiracy theories.

[malo2]

People who earn money to spend money to earn more money are good for the economy. Not people who earn money to save them. That's a huge difference.

people earn money, and spend it to make more money, not to save it. Nobody makes money and then saves it just to never use it.

 

 

 

 

 

 

 

sorry for the double post, I meant to edit #-o

[Tigra00]

Pault is slowly (actually, pretty quickly) getting extremely annoying. Everything is a conspiracy and the end of America to him.

 

 

 

 

 

 

 

Here, dude...Here's an idea...Stop reading conspiracy websites. Especially when you're reading many at once. It will literally make you insane. The people who write them are speculating. Yes, when there is no oil, the world will freak out, but that day won't come for many many decades, and by then, it's VERY likely an alternative will be in place. The have buses in California and stuff that run on 100% hydrogen, for example. It's slow, but it's a process.

 

 

 

 

 

 

 

Also, the market dropped 4%. It didn't "Crash" or "Plummet", and it was all a direct result of the ASIAN stock market taking a dive itself. And now today, I'm hearing it's already gone back up 2%.

 

 

 

 

 

 

 

It'S FINE. EVERYTHING IS OKAY.

[Solidus_77]

Ok, now I know what this whole apocalype is about. It's just a bunch of Chinese people trusting a lot in the stock market, lots of people buy bonds speculating they will rise (stock market has done very well for a while) and thus a bunch of people sold bonds at once (more sellers than buyers = lower price). You could think of it as a bubble bursting. One can only make speculations about this but "the end of the dollar" is one far extreme. However, if people start shouting the end of the world, and everyone panics, and everyone sells their bonds it will be the end of the stock market. Bascially if people believe it will be the end of the dollar then it will bring about the end of the dollar, an amusing concept : .

 

 

 

 

 

 

 

On a last note: How, in the name of hell, does this have some kind of connection with the production of oil

[dangeresque]

when oil supply peaks, people will be pouring BILLIONS upon BILLIONS into alternate energy, and it will be a short period of time before alternate fuel cars come out from that point. humans have a way of springing back from losses, and americans with 100m+ cars has plenty to lose. and plenty deep pockets for research. oil will be of negligable importance long before we run out.

 

 

 

 

 

 

 

tis true, for those of you who worry about fossil feul running out it will never happen the prices of it however will go up, so we will eventually end up using an alternate feul because fossil feul is to expensive

 

 

 

 

 

 

 

P.S. pault, don't you have any better things to post about instead of conspiracy theories and apocolyptic things...

[Bubsa]

^^ Both of you, that's why pault's threads are fun to read. No need to point out such things in an economic thread, or the 9/11 one for that matter.

 

 

 

 

 

 

 

I agree with the other parts to an extent.

 

 

 

 

 

 

 

Hey, I'm not knocking a fun read, I just think he should pass the bucket now and then :P

[Ambassadar]

I find what happened yesterday in the stock market kinda funny. I love when people get scared over stuff like this because it gives a good opportunity to find some nice bargains to buy. I actually bought some calls this morning on some nice blue chips that got hammered yesterday to try to catch the bounce back when everyone realizes nothing fundamentally changed in these companies. Hopefully I will get a good 2-5 dollar jump when people buy back in. I guess only time will tell if I am making a good decision or not.

 

 

 

 

 

 

 

Greed Helps?

 

 

 

 

 

 

 

Well, since you believe greed improves the economy, proof please.

 

 

 

 

 

 

 

If it does, i'll go out and start hoggin things for myself. Of course.. don't really see how thats helping my neighbors.

 

 

 

 

 

 

 

Once again, show me proof.

 

 

 

Ok. Here is proof. Take any person that ever started their own company. They did this because they wanted to make more money than they could working for someone else. They figured out a need people had and created a solution to that need in the form of their product. Helping meet people's needs means more business which means more money made. It also means more employees are needed to make more product which helps people as well by giving them jobs. The more people you can help and serve the more successful a business you will have. In effect greed helps people and makes the world a better place in terms of people starting their own companies.

 

 

 

 

 

 

 

People can be short term greedy by screwing over their own company or other people but in the long run this is completely foolish because it hurts you and your company which means in the long run less money overall is made. People that resort to doing this are pretty stupid because they hurt themselves and others in the long run to merely help themselves not as much in the short run.