Bailout bill fails; Dow plunges

iatacs19 · 09-29-2008, 01:49 PM

Yikes!

What now?

Stronie · 09-29-2008, 01:50 PM

Let it ride.....Buy buy buy !!!!

Haute Z · 09-29-2008, 01:54 PM

Seriously, people need to stop panicking. Its not the end of the world. These reactions are what trigger the drop in stocks.

SHEEP, I tell ya!!!

iatacs19 · 09-29-2008, 02:01 PM

Quote:

Originally Posted by Haute Z

Seriously, people need to stop panicking. Its not the end of the world. These reactions are what trigger the drop in stocks.

SHEEP, I tell ya!!!

Ignorance is not bliss.

Haute Z · 09-29-2008, 02:07 PM

Quote:

Originally Posted by iatacs19

Ignorance is not bliss.

Your average 'jo doesnt know sht about the market.

MJC///M3 · 09-29-2008, 02:14 PM

Absolutely rediculous.

bigslickak · 09-29-2008, 02:31 PM

-700 and getting lower

I believe it would be the largest loss in terms of points ever. Percentage wise it's about -6%....

Haute Z · 09-29-2008, 02:37 PM

You wanna stop it? Go spend some money-get drunk so the bar can buy more beer which in turn makes beer companies money which in turn pays employees then go f*ck a hooker in a hotel room so the hotel makes money too then the hooker can go spend the money on drugs because thats why shes turning tricks to begin with... then the drug dealer can go buy some stupid ass chrome rims to put on a POS chrysler 300 which in turn makes the car manufacturers money and so on and so forth....

ACZakka325i · 09-29-2008, 02:40 PM

Quote:

Originally Posted by Haute Z

You wanna stop it? Go spend some money-get drunk so the bar can buy more beer which in turn makes beer companies money which in turn pays employees then go f*ck a hooker in a hotel room so the hotel makes money too then the hooker can go spend the money on drugs because thats why shes turning tricks to begin with... then the drug dealer can go buy some stupid ass chrome rims to put on a POS chrysler 300 which in turn makes the car manufacturers money and so on and so forth....

So you have a degree in econ, looks like.

On a serious note, everyone is sitting on their hands. Too much uncertainty, no stability.

If we go below 10,000pts, I don't see a bottom from there!

Haute Z · 09-29-2008, 02:43 PM

Quote:

Originally Posted by ACZakka325i

So you have a degree in econ, looks like.

On a serious note, everyone is sitting on their hands. Too much uncertainty, no stability.

If we go below 10,000pts, I don't see a bottom from there!

Close.

Black///Mamba · 09-29-2008, 02:50 PM

Quote:

Originally Posted by Haute Z

You wanna stop it? Go spend some money-get drunk so the bar can buy more beer which in turn makes beer companies money which in turn pays employees then go f*ck a hooker in a hotel room so the hotel makes money too then the hooker can go spend the money on drugs because thats why shes turning tricks to begin with... then the drug dealer can go buy some stupid ass chrome rims to put on a POS chrysler 300 which in turn makes the car manufacturers money and so on and so forth....

are you available haute?

i want to help stimulate the economy haha j/k

jaiman · 09-29-2008, 02:54 PM

Quote:

Originally Posted by Haute Z

Your average 'jo doesnt know sht about the market.

And it looks like you don't either!

Haute Z · 09-29-2008, 02:56 PM

Quote:

Originally Posted by Black///M

are you available haute?

i want to help stimulate the economy haha j/k

shhhhhhh... next time i see you, youre gonna get a beating

Haute Z · 09-29-2008, 02:56 PM

Quote:

Originally Posted by jaiman

And it looks like you don't either!

Youre soooooooo right. Not like im in private equity or anything.

It was a fn joke. Get over it.

MJC///M3 · 09-29-2008, 02:58 PM

down 586 right now....have bloomberg on my comp.

MJC///M3 · 09-29-2008, 03:08 PM

down 738

Year's_End · 09-29-2008, 03:13 PM

Quote:

Originally Posted by MJC///M3

down 586 right now....have bloomberg on my comp.

Quote:

Originally Posted by MJC///M3

down 738

That's like a ten minute gap right there. Holy shit.

aut0sh0cker · 09-29-2008, 03:13 PM

short anyone?

MJC///M3 · 09-29-2008, 03:15 PM

well i dont have real time bloomberg...so its still updating after market close at 4pm...right now...down 780 boys....this is unreal....biggest drop in history....

crude oil fell 10 dollars today!! Dollar up almost a full basis pt on the Euro...so some good news there.

Blake · 09-29-2008, 03:16 PM

wow -777

MJC///M3 · 09-29-2008, 03:22 PM

777.68 boys.....

Voltigeur · 09-29-2008, 03:23 PM

Have to fix credit markets 1st, inter-bank market trust before we can do anything else. Buying toxic assets is not the only, nor perhaps even the best solution, we could be looking at, variously

government injects funds for preferred shares / common stock (offers equity upside)
government purchase of subordinated debt
government issuance of government bonds to boost the banks’ capital;
government injection of cash
government extends credit to the financial sector

But next year the consumer is toast; credit is getting tighter and tighter.

09-29-2008, 01:49 PM	#1
iatacs19 Major General 459 Rep 5,319 Posts Drives: 2016 SO M4 Join Date: Sep 2006 Location: Washington, DC iTrader: (8)	Bailout bill fails; Dow plunges Yikes! What now? __________________ If only BMWCCA Referral: 385628
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09-29-2008, 01:50 PM	#2
Stronie Major 314 Rep 1,453 Posts Drives: 2017 F80M3 Comp. 6MT Join Date: May 2006 Location: Instagram: @Atlantis_S55 iTrader: (0)	Let it ride.....Buy buy buy !!!!
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09-29-2008, 01:54 PM	#3
Haute Z .... 2 Rep 44 Posts Drives: Zed Coupe Join Date: Sep 2008 Location: NYC iTrader: (0)	Seriously, people need to stop panicking. Its not the end of the world. These reactions are what trigger the drop in stocks. SHEEP, I tell ya!!!
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09-29-2008, 02:14 PM	#6
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	Absolutely rediculous. __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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09-29-2008, 02:31 PM	#7
bigslickak Private First Class 3 Rep 134 Posts Drives: 335d sedan Join Date: Aug 2007 Location: Southern California iTrader: (1)	-700 and getting lower I believe it would be the largest loss in terms of points ever. Percentage wise it's about -6%....
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09-29-2008, 02:37 PM	#8
Haute Z .... 2 Rep 44 Posts Drives: Zed Coupe Join Date: Sep 2008 Location: NYC iTrader: (0)	You wanna stop it? Go spend some money-get drunk so the bar can buy more beer which in turn makes beer companies money which in turn pays employees then go f*ck a hooker in a hotel room so the hotel makes money too then the hooker can go spend the money on drugs because thats why shes turning tricks to begin with... then the drug dealer can go buy some stupid ass chrome rims to put on a POS chrysler 300 which in turn makes the car manufacturers money and so on and so forth....
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09-29-2008, 02:58 PM	#15
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	down 586 right now....have bloomberg on my comp. __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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09-29-2008, 03:08 PM	#16
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	down 738 __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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09-29-2008, 03:13 PM	#18
aut0sh0cker meh 123 Rep 1,756 Posts Drives: E92 335i, 997.2 C4S Join Date: Jan 2008 Location: 91362 iTrader: (2)	short anyone?
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09-29-2008, 03:15 PM	#19
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	well i dont have real time bloomberg...so its still updating after market close at 4pm...right now...down 780 boys....this is unreal....biggest drop in history.... crude oil fell 10 dollars today!! Dollar up almost a full basis pt on the Euro...so some good news there. __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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09-29-2008, 03:16 PM	#20
Blake Banned 752 Rep 4,649 Posts Drives: Chevy Aveo Join Date: May 2008 Location: Parent's Basement iTrader: (7)	wow -777
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09-29-2008, 03:22 PM	#21
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	777.68 boys..... __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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09-29-2008, 03:23 PM	#22
Voltigeur MacroRisk 109 Rep 2,523 Posts Drives: M3 E92 ED'09 / 335d Sport DD Join Date: Jul 2007 Location: TX iTrader: (0)	Have to fix credit markets 1st, inter-bank market trust before we can do anything else. Buying toxic assets is not the only, nor perhaps even the best solution, we could be looking at, variously government injects funds for preferred shares / common stock (offers equity upside) government purchase of subordinated debt government issuance of government bonds to boost the banks’ capital; government injection of cash government extends credit to the financial sector But next year the consumer is toast; credit is getting tighter and tighter. __________________ Just thinking of something not so witty ///M3 E92 '09 Jerez Black \| 6MT \| Ext Fox Red \| Tech \| Prem \| 19s \|Heated Seats \| iPod \|Smartphone \| Euro Deliv June 09 Sold: 540iT / 530i / 323i
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