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Today is the day!

misbehavinmisbehavin Registered User regular
edited March 2009 in Social Entropy++
At weeks beginning, I predicted the DOW would fall below 7K. For a while I thought I might end up being wrong.

Then came today...

It's announced that the US government will take control of 36% of Citigroup, thus hammering that stock in pre-day trading. There is doubt that the bank will even survive 2009.

Also, it was released that the US economy shrank by 6.2% in the 4th quarter, the biggest decline in over 26 years.

Currently, DOW future is down 158 points, and poised to open at 7,020.00 with an expected further tumbling after the sounding of the bell.

The Nasdaq is also down in pre-market activity and set to open at 1,109.25, and I fully expect that number to fall below 1K by next weeks end.

"Hear ye, hear ye, the stock market collapses today! Everyone wail and gnash your teeth!"

ITT we sensationalize the economic clusterfuck!

misbehavin on
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Posts

  • NogsNogs Crap, crap, mega crap. Crap, crap, mega crap.Registered User regular
    edited February 2009
    26 years years huh? soooo that was like 1983 right?

    was it really all that bad in 1983?

    Nogs on
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    PARKER, YOU'RE FIRED! <-- My comic book podcast! Satan look here!
  • FAQFAQ Registered User regular
    edited February 2009
    do you know how many people died in 1983?

    FAQ on
  • [Deleted User][Deleted User] regular
    edited February 2009
    The user and all related content has been deleted.

    [Deleted User] on
  • MeizMeiz Registered User regular
    edited February 2009
    What's a DOW and Nasdaq?

    I suck at economy.

    Falling huh? That's not good.

    Should I fuck the first person I find? We all going to die?

    Meiz on
  • NogsNogs Crap, crap, mega crap. Crap, crap, mega crap.Registered User regular
    edited February 2009
    it's like "oh no, we're all fucked! we are still better off than 95% of the world, but we are all gonna diiiiiiiiiie!"

    Nogs on
    rotate.jpg
    PARKER, YOU'RE FIRED! <-- My comic book podcast! Satan look here!
  • CoreoCoreo Sydney AustraliaRegistered User regular
    edited February 2009
    Sooooo we're fucked?

    We're fucked right?

    Coreo on
  • FAQFAQ Registered User regular
    edited February 2009
    I can't remember how to make spears

    FAQ on
  • misbehavinmisbehavin Registered User regular
    edited February 2009
    We are, indeed, fucked.

    Spears? Time to go to Wal-Mart and buy some rifles, my man.

    misbehavin on
  • Drunk PooroDrunk Pooro __BANNED USERS regular
    edited February 2009
    I've got a pretty tidy sum invested in McDonald's.

    And as people get broker, they keep hittin' Mickey D's more and more.

    I'm doing alright right now.

    Drunk Pooro on
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  • NogsNogs Crap, crap, mega crap. Crap, crap, mega crap.Registered User regular
    edited February 2009
    FAQ wrote: »
    I can't remember how to make spears

    find sharp stick

    throw sharp stick

    Nogs on
    rotate.jpg
    PARKER, YOU'RE FIRED! <-- My comic book podcast! Satan look here!
  • FAQFAQ Registered User regular
    edited February 2009
    you know once the economy collapses everyone's going to want to call their post apocalyptic cult "the brotherhood"

    well fuck you guys I'm calling it

    FAQ on
  • misbehavinmisbehavin Registered User regular
    edited February 2009
    I've got a pretty tidy sum invested in McDonald's.

    And as people get broker, they keep hittin' Mickey D's more and more.

    I'm doing alright right now.

    When the economy completely folds, though, and we all go back to eating bread and water, you won't be quite so thrilled.

    misbehavin on
  • misbehavinmisbehavin Registered User regular
    edited February 2009
    FAQ wrote: »
    you know once the economy collapses everyone's going to want to call their post apocalyptic cult "the brotherhood"

    well fuck you guys I'm calling it

    Brotherhood? What kind of homosexual shit is that?

    My post-apocalyptic group is gonna be called the Skull Fuckers.

    misbehavin on
  • CoreoCoreo Sydney AustraliaRegistered User regular
    edited February 2009
    So when do we all start looting?

    Coreo on
  • Drunk PooroDrunk Pooro __BANNED USERS regular
    edited February 2009
    Coreo wrote: »
    So when do we all start looting?

    As soon as you believe

    Drunk Pooro on
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  • FAQFAQ Registered User regular
    edited February 2009
    I thought of the most clichéd name I could

    according to video games the only certainty the future holds is zombies and cults called the brotherhood

    FAQ on
  • DarkPrimusDarkPrimus Registered User regular
    edited February 2009
    FAQ wrote: »
    do you know how many people died in 1983?

    No, I only started counting after I was born.

    DarkPrimus on
  • AbracadanielAbracadaniel Registered User regular
    edited February 2009
    Nogs wrote: »
    FAQ wrote: »
    I can't remember how to make spears

    find sharp stick

    throw sharp stick

    Which end do I throw at them?!

    Abracadaniel on
  • ZephyrZephyr Registered User regular
    edited February 2009
    worst pace in 27 years...
    well the early 80s recession wasn't that bad!

    was it?

    Zephyr on
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  • WeaverWeaver Who are you? What do you want?Registered User regular
    edited February 2009
    Well DOWII just came out so who cares about the original DOW

    Weaver on
  • MysstMysst King Monkey of Hedonism IslandRegistered User regular
    edited February 2009
    misbehavin i told you to use your free time to toke up already

    Mysst on
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  • FAQFAQ Registered User regular
    edited February 2009
    all those dollars will make good insulation

    FAQ on
  • CoreoCoreo Sydney AustraliaRegistered User regular
    edited February 2009
    Coreo wrote: »
    So when do we all start looting?

    As soon as you believe

    Okay, i'm gonna need to warm up.

    Invite some friends over for a preloot.

    Coreo on
  • [Deleted User][Deleted User] regular
    edited February 2009
    The user and all related content has been deleted.

    [Deleted User] on
  • [Deleted User][Deleted User] regular
    edited February 2009
    The user and all related content has been deleted.

    [Deleted User] on
  • misbehavinmisbehavin Registered User regular
    edited February 2009
    Mysst wrote: »
    misbehavin i told you to use your free time to toke up already

    You have failed to provide me with anything to toke up with, thus I have no way to follow your advice.

    misbehavin on
  • MeizMeiz Registered User regular
    edited February 2009
    Is there like an economics for dummies web page out there so I can understand our impending doom?

    Will I still be able to play Street Fighter IV?

    Meiz on
  • misbehavinmisbehavin Registered User regular
    edited February 2009
    Meiz wrote: »
    Is there like an economics for dummies web page out there so I can understand our impending doom?

    Will I still be able to play Street Fighter IV?

    You won't even have electricity.

    misbehavin on
  • msuitepyonmsuitepyon Registered User regular
    edited February 2009
    The world is going to hell in a handbasket.

    Put your head between your knees and kiss your ass goodbye.

    msuitepyon on
  • FutoreFutore Registered User regular
    edited February 2009
    I've got a pretty tidy sum invested in McDonald's.

    And as people get broker, they keep hittin' Mickey D's more and more.

    I'm doing alright right now.

    this makes me sad

    Futore on
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  • MeizMeiz Registered User regular
    edited February 2009
    Wait, if the credit companies go poof then so will my debt!

    Meiz on
  • FutoreFutore Registered User regular
    edited February 2009
    ROB MARCIANO I DON'T CARE ABOUT POTENTIALLY A LITTLE SNOW!

    I NEED TO KNOW THE NEWS, CNN

    Futore on
    ETqXK.png
  • FutoreFutore Registered User regular
    edited February 2009
    Meiz wrote: »
    Wait, if the credit companies go poof then so will my debt!

    fight club is the best economist.

    Futore on
    ETqXK.png
  • ZephyrZephyr Registered User regular
    edited February 2009
    Meiz wrote: »
    Is there like an economics for dummies web page out there so I can understand our impending doom?

    Will I still be able to play Street Fighter IV?

    well see, when unemployment is in the double digits and the GDP has declined by over 10%, that's typically when a recession becomes a depression, that's when shit starts getting scary

    as long as we don't get that far, we'll be fine, right now we're at around a little less than 7% decline i believe

    Zephyr on
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  • ascotascot Registered User regular
    edited February 2009
    what about if i still earn the same and stuff still costs the same

    ascot on
  • [Deleted User][Deleted User] regular
    edited February 2009
    The user and all related content has been deleted.

    [Deleted User] on
  • FAQFAQ Registered User regular
    edited February 2009
    if the world was a movie I'd be outside warming up the car

    also in this scenario it is winter and I have friends

    FAQ on
  • JoeUserJoeUser Forum Santa Registered User regular
    edited February 2009
    ascot wrote: »
    what about if i still earn the same and stuff still costs the same

    Then you're golden! Plus you can buy a bunch of stuff that's being reduced in price.

    JoeUser on
  • FAQFAQ Registered User regular
    edited February 2009
    that was one of those posts where I had to look away from the screen as I hit post reply

    FAQ on
  • JohnHamJohnHam Registered User regular
    edited February 2009
    more like
    msuitepyon wrote: »
    The world is going to hell in a handbasket.

    Put your blunt between your lips and puff your ass goodbye.

    JohnHam on
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This discussion has been closed.