Gothamist: Confidence in Short Supply: Global Markets Down, Dow Falls 400 Points in First MInutes of Trading

NannyState

Fri, 10 Oct 2008 18:32:18 -0500

Hang Seng, sweetie.

babyhitler

Fri, 10 Oct 2008 13:16:16 -0500

#10 - this is cyclical. if you imagine that stocks are blown by the hot air that broker blow up and they are fluttering in the sky and then suddenly they run out of capital helium from the investors then the financial gravity dictates that those stocks will fall. It just turns out that all that speculation was just speculation. There was no gold there. The US has finally learned that nobody can sustain living like paris hilton or the girls from "the hills" without doing anything for very long.

JacqueMehoff

Fri, 10 Oct 2008 11:36:09 -0500

what happened to the old adage that the market is cyclical and to let it run it's course. nothing to worry about. I'm guessing speculating greed has something to do with it. yes, greed. greed from hedge funds. or can someone explain it in a simple manner because they can't, it's voodoo.

Karate Kim

Fri, 10 Oct 2008 09:52:26 -0500

Austin Baird, a lot mutual funds and hedge funds are being "forced to sell" into the market because investors/retires are scared and want to sit in cash. Right now the bid/ask spread on stocks are blowing out because there are more sellers then buyers which depresses the price. The link below should explain the process. http://www.investopedia.com/articles/trading/121701.asp

neckbeard

Fri, 10 Oct 2008 09:29:11 -0500

everytime a newspaper, website, radio station, or news program covers this, the dow drops another point. stop instilling fear in americans, gothamist. you're better than that.

matty

Fri, 10 Oct 2008 09:27:04 -0500

and amazingly i agree with bh on this one. throw them all in jail, that will definitely regain some credulity to these markets. better yet put them in stocks on wall street so we can throw rotten vegetables at these people. we could call it the "stock market" haha

matty

Fri, 10 Oct 2008 09:24:55 -0500

bernanke and paulson need to stfu already. They are inciting investor panic selling with these addresses to the media about how the sky is falling.

babyhitler

Fri, 10 Oct 2008 09:02:52 -0500

Hmmmm. lack of confidence? why? it's cause upper management and stockbrokers lie to investors about how the companies are doing then screw them over and run away with the money so taxpayers can foot the bill. If you put some of these fuckers in jail then maybe some confidence would be restored. the average investor is like "okay, now we should trust these guys again because...."

Austin Baird

Fri, 10 Oct 2008 08:57:40 -0500

Hi I know nothing about stocks and shares so please don't laugh at my question lol. But if all these stocks and shares are being sold - as per "Global Markets Dive in a Relentless Selloff" - they must be being bought by someone. So can someone please explain why the market keeps going down? Surely buying and selling is the raison d'etre of stock markets? Explanation v. much appreciated. :)

GM

Fri, 10 Oct 2008 08:55:42 -0500

How do you 'fix' credit markets? The system was broken already with loans made on top of loans on top of loans, etc. Markets take off when credit is flowing and times are good. I don't think anyone can say definitively how to get everything working smoothly again. The governments around the world are doing everything except actually rebuilding their economies. If you look at what Iceland did and then multiply it by 1000, that's what America is going to have to do - focus on local and national industries and original strengths. There is no overnight fix for any of this, as the banks are hoarding credit to deleverage and capitalize. It's going to take something other than the financial industry to get everything going again.

blablanyc

Fri, 10 Oct 2008 08:48:51 -0500

This won't make anyone panic: U.S to mull backing bank debt, all deposits http://www.marketwatch.com/news/story/us-mull-backing-bank-debt/story.aspx?guid={3CD5A9F0-1306-471A-AE0B-C2BE9F283760}

blablanyc

Fri, 10 Oct 2008 08:38:59 -0500

US trade deficit is down 3.5%.