toyota is taking over the us....haha........ and the UAW is getting all upset...... fuckers..... time that those lazy union workers get off their asses........rant off
on a serious note, if you didn't lose your whole shirt, there's bargains all over the place. Pray the characters that are predicting a rebound tomorrow (today) are right.
Hey, consider Autodesk (ADSK) if you can raise your head up from that pile of CAD drawings.
I think there's more room for downward pressure. Even after a 400 point drop many companies are overpriced given their P/E ratio. Once the market cools to a historical average in the range of 10-15 I'll feel much more comfortable. Stocks like GOOG with a P/E in the mid 40's and a market cap of 170B range scares me. They don't make money like that. For all their hype, they just aren't a profit machine like the established blue chips. Insider selling has been huge all around the market lately. People don't sell when they think the price is going higher. I'd say all markets need a correction in the 15-20% range.
It's scary that China's stock exchange market has such a global effect. Afterall, Chinese public businesses do not have to report accurate profit or losses. They are legally allowed to report false information. That's shady business.
The NYSE put something called a curve on the market yesterday to prevent further selloffs...I would thing that this artificial control of the value of the market could become very problematic
Stock Sell off
So i guess the world can feel when china's economy coughs... kind of humbling...
8 months of steady increase in the dow - 'twas time for a correction
yep. an impetus/catalyst ... we dont live in our bubble anymore..
toyota is taking over the us....haha........ and the UAW is getting all upset...... fuckers..... time that those lazy union workers get off their asses........rant off
b
sorry for cursin....MY BAD
oh YOU BAD !!
NYT
on a serious note, if you didn't lose your whole shirt, there's bargains all over the place. Pray the characters that are predicting a rebound tomorrow (today) are right.
Hey, consider Autodesk (ADSK) if you can raise your head up from that pile of CAD drawings.
I think there's more room for downward pressure. Even after a 400 point drop many companies are overpriced given their P/E ratio. Once the market cools to a historical average in the range of 10-15 I'll feel much more comfortable. Stocks like GOOG with a P/E in the mid 40's and a market cap of 170B range scares me. They don't make money like that. For all their hype, they just aren't a profit machine like the established blue chips. Insider selling has been huge all around the market lately. People don't sell when they think the price is going higher. I'd say all markets need a correction in the 15-20% range.
Oh the stock world.
It's scary that China's stock exchange market has such a global effect. Afterall, Chinese public businesses do not have to report accurate profit or losses. They are legally allowed to report false information. That's shady business.
buy low, sell high
The NYSE put something called a curve on the market yesterday to prevent further selloffs...I would thing that this artificial control of the value of the market could become very problematic
screw wall street and these freakin speculators. didnt anybody learn anything when the dotcom boom went bust.
what i learned - diversify
and that 'buy low, sell high' thing (who knew?)
yeh, I'm buying some mutual funds today for sure.
put yer money in a jar and bury it next to the third fence post to the left
Chinese slang for the stock exchange is "the slot machine". The payouts have been good, oh so gooood.
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