markets hit circuit breaker

2008-10-24 04:23:46

#1

beerface702: Member; +65|6998|las vegas

all trading halted in pre -markets

it's going to be a slaughter today

if they even open.

my bets are they will hit the 2200 point breaker after opening bell, then trading is halted.

NYSE says they are ready to jump into the fray.

if you are just waking up, world markets took a nose dive.

2008-10-24 04:26:10

#2

Mekstizzle: WALKER; +3,611|6926|London, England

It'll be "record breaking losses" followed by "record breaking gains" the next day

2008-10-24 04:29:21

#3

Scratch[USA]: Member; +105|6852

Futures down 6%. Agreed down Friday up Monday

Last edited by Scratch[USA] (2008-10-24 04:30:07)

2008-10-24 04:35:26

#4

Switch: Knee Deep In Clunge; +489|6768|Tyne & Wear, England

British economy shrank for the first time in 16 years today.

Somewhere, something incredible is waiting to be known.

2008-10-24 05:07:21

#5

zeidmaan: Member; +234|6720|Vienna

KILLSWITCH wrote:
British economy shrank for the first time in 16 years today.

economy is following the trend of UK penises....

Aaaaaanyway
I have some spare cash, when will be the right time to buy stocks?

It would be cool if we had some economists here to give us some tips. They say that there will be an ideal point to invest pretty soon.

2008-10-24 06:36:26

#6

Burwhale: Save the BlobFish!; +136|6527|Brisneyland

zeidmann wrote:
I have some spare cash, when will be the right time to buy stocks?

Of course no one rings a bell at the top or the bottom of the market. It can be wise to divide your money into equal parts and buy some shares regularly over the next few months. This will make sure that you capture some of the area around the bottom of the market, and when the market eventually goes back up ( hopefully) you will see a very good return. Its called dollar cost averaging, and although it wont give the same returns as buying at the very bottom of the market, it will do very well, and take some of the guesswork out of buying.

2008-10-24 07:26:12

#7

dan673: Member; +46|6288

zeidmaan wrote:
I have some spare cash, when will be the right time to buy stocks?

Now. I've already done so.

http://www.nytimes.com/2008/10/17/opini … ref=slogin

Warren Bufftet wrote:
Be fearful when others are greedy, and be greedy when others are fearful.

Last edited by dan673 (2008-10-24 07:33:05)

2008-10-24 07:53:12

#8

Scorpion0x17: can detect anyone's visible post count...; +691|7071|Cambridge (UK)

We're DOOOOMED

DOOOOMED I tell ya.

2008-10-24 08:04:11

#9

topal63: . . .; +533|7023

zeidmaan wrote:
I have some spare cash, when will be the right time to buy stocks?

You should put a little more thinking into this. An equity stock called under-valued today by an analyst/expert can be an over-valued stock tomorrow (some time in the not to distant future) based upon its' negative capital growth and a reduction in profits; or worse massive losses. The bottom price of any stock is always - zero. If you're buying - you're a bull. If you're thinking bullish I'd advise you to research the companies that have a good track record of paying dividends, and have a smaller downsize-exposure to a worldwide economy that is going to get much-worse.

My understanding is that capital expenditures industry wide; economy wide; are going to be severely reduced. Meaning even if there wasn't a real recession in progress (there is though) they (companies, CEOs, boards of directors, etc) are bracing for the hit. The result is that automatic negative growth is now a certainty. So be careful.

Last edited by topal63 (2008-10-24 08:12:06)

2008-10-24 08:16:09

#10

Kmar: Truth is my Bitch; +5,695|6906|132 and Bush

KILLSWITCH wrote:
British economy shrank for the first time in 16 years today.

GDP?

Xbone Stormsurgezz

2008-10-24 08:45:00

#11

Bell: Frosties > Cornflakes; +362|6854|UK

http://www.statistics.gov.uk/cci/nugget.asp?id=192

2008-10-24 09:15:05

#12

Scratch[USA]: Member; +105|6852

I would say something is wrong with the graph, missing data etc.

2008-10-24 10:49:39

#13

Switch: Knee Deep In Clunge; +489|6768|Tyne & Wear, England

Kmarion wrote:
KILLSWITCH wrote:
British economy shrank for the first time in 16 years today.
GDP?

Yup.

Somewhere, something incredible is waiting to be known.

2008-10-24 12:48:23

#14

Bertster7: Confused Pothead; +1,101|6886|SE London

Kmarion wrote:
KILLSWITCH wrote:
British economy shrank for the first time in 16 years today.
GDP?

Yeah. Getting closer and closer to recession. Just one more 1/4. It's predicted to last about a year.

2008-10-24 12:55:52

#15

Kmar: Truth is my Bitch; +5,695|6906|132 and Bush

We had three quarters of negative growth beginning in early 2000. Nothing like what this is shaping up to be though.

Xbone Stormsurgezz

2008-10-24 15:50:32

#16

HollisHurlbut: Member; +51|6303

Kmarion wrote:
We had three quarters of negative growth beginning in early 2000. Nothing like what this is shaping up to be though.

False. According the the Bureau of Economic Analysis we've had four quarters of negative growth in real GDP since Bush took office. We haven't had two successive quarters of negative growth (the definition of a recession) since 1990q4-1991q1.

Numbers are current only through 2008q2, but that quarter was positive.

2008-10-24 16:48:36

#17

Kmar: Truth is my Bitch; +5,695|6906|132 and Bush

HollisHurlbut wrote:
Kmarion wrote:
We had three quarters of negative growth beginning in early 2000. Nothing like what this is shaping up to be though.
False. According the the Bureau of Economic Analysis we've had four quarters of negative growth in real GDP since Bush took office. We haven't had two successive quarters of negative growth (the definition of a recession) since 1990q4-1991q1.

Numbers are current only through 2008q2, but that quarter was positive.

I did not say successive. Still, I used poor wording. I was not intending to suggest we had the traditional definition of recession. Clinton had three. Bush had four during his term. I averaged the growth out using the same stats. Clinton was 5.6. Bush was 4.9 (will undoubtedly go down).

Xbone Stormsurgezz

2008-10-24 17:51:09

#18

HollisHurlbut: Member; +51|6303

Kmarion wrote:
I did not say successive.

I did not say you did. I was demonstrating that there was no interpretation of your words that could possibly be construed as accurate.

Still, I used poor wording.

If by "poor wording" you mean "false" then I agree.

BF2S Forums markets hit circuit breaker

KILLSWITCH wrote:

zeidmann wrote:

zeidmaan wrote:

Warren Bufftet wrote:

zeidmaan wrote:

KILLSWITCH wrote:

Kmarion wrote:

KILLSWITCH wrote:

Kmarion wrote:

KILLSWITCH wrote:

Kmarion wrote:

HollisHurlbut wrote:

Kmarion wrote:

Kmarion wrote:

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