S&P down 6.66%

Discussion in 'Politics, Religion, Social Issues' started by mac jones, Aug 8, 2011.

  1. mac jones macrumors 68040

    Joined:
    Apr 6, 2006
    #1
    What does that mean? ;)

    Note( DOW is down 5.55%... someone or something has a sick sense of humor :D )
     
  2. awer25 macrumors 65816

    awer25

    Joined:
    Apr 30, 2011
    #2
    It means most everyone's stock portfolio took a dive today.
     
  3. renewed macrumors 68040

    renewed

    Joined:
    Mar 24, 2009
    Location:
    Bemalte Blumen duften nicht.
    #3
    It means that instead of people doing their own decision making they trust the new credit rating of the United States to mean a bad thing and therefore a panic occurred. Sorry but the US could be rated C- and if there are products to be sold, services to be given and demand to be had it amounts to a hill of beans. Now if we listen to the news and their crud and panic then it does in fact cause a decline.
     
  4. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
  5. OutThere macrumors 603

    OutThere

    Joined:
    Dec 19, 2002
    Location:
    NYC
    #5
    I opened a scottrade account a few weeks ago, and they've been nagging me to put money in it, I decided to wait until they figured out the debt ceiling...now I'm really glad I waited! :) I'm going to fund it this week and get in the market on the upswing.
     
  6. itcheroni macrumors 6502a

    Joined:
    Sep 23, 2005
    Location:
    CA
    #6
    It means we're continuing the downturn from 2008. Bailouts, stimulus, QE, and QE2 have all been to delay it. It's like a heroin addict who goes through withdrawal symptoms and concludes that more heroin will fix the problem. He feels good for a short amount of time, but now the withdrawal symptoms are back. The "fixes" will have to be larger and larger. And the resulting crashes will be harder and harder.

    Things won't get better until there is a realistic plan to balance the budget, and restructure industries like healthcare to allow free market forces to work.
     
  7. Thomas Veil macrumors 68020

    Thomas Veil

    Joined:
    Feb 14, 2004
    Location:
    OBJECTIVE reality
    #7
    Eric Cantor = Damien Thorn. :D
     
  8. tunerX Suspended

    tunerX

    Joined:
    Nov 5, 2009
    #8
    So you were afraid that if you put your money into a brokerage it would go down with the stock market... Or were you afraid that if you put money in your account you would not be able to control yourself and would buy stocks simply because the funds were there.

    You should rethink your plan or maybe make one.
     
  9. OutThere macrumors 603

    OutThere

    Joined:
    Dec 19, 2002
    Location:
    NYC
    #9
    I felt there was no point in having it in there until I was going to use it, right? This account is just for fun, I'm not putting anything more into it than I'd be prepared to lose entirely.
     
  10. tunerX Suspended

    tunerX

    Joined:
    Nov 5, 2009
    #10
    Fair enough. I put money into my investment account religiously because it takes 3 days for deposits to settle and you never know when you may want to start a position.
     

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