World stock markets plunge - GoFuckYourself.com

ADL Colin · 01-21-2008, 09:12 AM

Germany down 6%
Paris down 6%
Shanghai down 5%
Canada down 4%
Pan-European Dow Jones Stoxx 600 index down 4.3%

Dow Jones futures down 350 points

01-21-2008, 09:33 AM

yay!!!!!

Nydahl · 01-21-2008, 09:43 AM

my todays lost is 7K USD - nothing but good news lately

marketsmart · 01-21-2008, 10:13 AM

Thats why I love FOREX, make money regardless of economic situation....

Quagmire · 01-21-2008, 10:38 AM

Canada is only down 4%. does that mean we win? yay!

Naughty · 01-21-2008, 10:49 AM

AEX also more than 5% down.
Lost 24% since december 1st on my funds ;-(

JesseD · 01-21-2008, 11:02 AM

I think the futures are down 500 now.

teomaxxx · 01-21-2008, 11:29 AM

fuck, I covered around 20% of my short positions on friday. I have expected a bounce, because of Bush prop plan and some rate cut talk rumours like usual, but fear has come into the markets faster then I thought.

Quote:

Originally Posted by teomaxxx

Yesterday and today decline isnt mainly about recession, its mainly stupid market who finally figured out, that two of the biggest monoline insurers (ABK, MBI) are going under...as their every other competitor already did it.

these two companies, with current 1.5 bilion market cap, insure around 1.2 trilion of debt.

"Losing the AAA stamp would cripple the bond insurers and throw doubt on the ratings of $2.4 trillion of debt the industry guarantees, causing as much as $200 billion in losses, according to data compiled by Bloomberg."

Their current AAA ratings are biggest joke ever and once they are done (MBI, ABK) and bankrupt, you can talk about immediate 100$ billion write-off in financial industry.
That day wont be great for any stock.

ABK was downgraded to AA just before close on friday by FITCH.

That day wont be great for any stock.

You better read this article to understand what whole game is about.
http://www.washingtonpost.com/wp-dyn...011803592.html

"Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."

notoldschool · 01-21-2008, 11:39 AM

Shit I thought this was a britney spears thread. My mistake.

TheSenator · 01-21-2008, 12:15 PM

http://www.mercurynews.com/ci_8030355?nclick_check=1

ADL Colin · 01-21-2008, 07:41 PM

Jan. 22 (Bloomberg) -- Almost half of the world's biggest stock indexes fell into a bear market as mounting concern about a U.S. recession dragged down banking and retail shares across Asia, Europe and Latin America.

Axeman · 01-21-2008, 07:49 PM

Quote:

Originally Posted by teomaxxx

fuck, I covered around 20% of my short positions on friday. I have expected a bounce, because of Bush prop plan and some rate cut talk rumours like usual, but fear has come into the markets faster then I thought.

ABK was downgraded to AA just before close on friday by FITCH.

That day wont be great for any stock.

You better read this article to understand what whole game is about.
http://www.washingtonpost.com/wp-dyn...011803592.html

"Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."

Bush's prop plan was a big reason for such a drop in the world markets as it fell much below expectations. If he offered a stronger package that looked at short term and long term goals then the unrest would have been much less severe.

IllTestYourGirls · 01-21-2008, 08:07 PM

hmm isnt this what Ron Paul said would happen back in 2002? Oh well.. ignore the truth.. your computers will still run, your ipod will still play songs...

johnuno11 · 01-21-2008, 08:09 PM

I feel bad for those of you who held on to the tech stocks and didn't short sell.

spacedog · 01-21-2008, 08:15 PM

Boy am I so glad my investments more than doubled in less than 6 months

I'm expecting a 300% return in another 6 months, 400% in 12

NoComments · 01-21-2008, 08:17 PM

Colin,
Japan,
down another 587 points:
http://www.bloomberg.com/index.html?Intro=intro3

and the entire world looks bleak
http://www.bloomberg.com/markets/stocks/futures.html

I am preparing myself mentally for 5 digits loss tomorrow.

I need advice:
who is the best Sig Whore payer in the business!?

Time to put my latex gloves on and hit the key board!

pr0 · 01-21-2008, 08:22 PM

good thing this business is semi recession proof

zigx · 01-22-2008, 12:00 AM

Quote:

Originally Posted by ADL Colin

Germany down 6%
Paris down 6%
Shanghai down 5%
Canada down 4%
Pan-European Dow Jones Stoxx 600 index down 4.3%

Dow Jones futures down 350 points

yeah i have been getting fucked up the A this month, thats for sure.

Fap · 01-22-2008, 12:17 AM

yeahh my google stock went down over $100 in the past month WTF

teomaxxx · 01-22-2008, 01:55 AM

Quote:

Originally Posted by Axeman

Bush's prop plan was a big reason for such a drop in the world markets as it fell much below expectations. If he offered a stronger package that looked at short term and long term goals then the unrest would have been much less severe.

actualy his prop plan would be good in short run only for pump monkeys in television to prop stock prices. thats how stock markets work.

but as I stated the main reason for such declines is

Quote:

Originally Posted by teomaxxx

ABK was downgraded to AA just before close on friday by FITCH.

You better read this article to understand what whole game is about.
http://www.washingtonpost.com/wp-dyn...011803592.html

"Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."

"

NoComments · 01-22-2008, 03:04 AM

GOOG is 549 in Europe

Christina Muller · 01-22-2008, 03:10 AM

it was all expected unless you live under a rock

NoComments · 01-22-2008, 06:23 AM

Fed cuts rate 3/4 points

the futures cut 1/2 of their losses

brand0n · 01-22-2008, 06:24 AM

Quote:

Originally Posted by NoComments

Fed cuts rate 3/4 points

the futures cut 1/2 of their losses

just seen that

morning serge, how ya been?

hows mayflower treating, and how come i havent merrited an invite?

Fletch XXX · 01-22-2008, 06:24 AM

cash rules everything around me

01-21-2008, 09:12 AM	#1
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	World stock markets plunge Germany down 6% Paris down 6% Shanghai down 5% Canada down 4% Pan-European Dow Jones Stoxx 600 index down 4.3% Dow Jones futures down 350 points __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

01-21-2008, 09:43 AM	#3
Nydahl Confirmed User Join Date: Sep 2002 Location: closer then it appears Posts: 6,655	my todays lost is 7K USD - nothing but good news lately __________________ www.garciniatrio.com www.acaitrio.com www.greencoffeetrio.com ICQ 153918034 email [email protected]

01-21-2008, 10:38 AM	#5
Quagmire Confirmed User Join Date: Jul 2005 Location: Stinkin' up your bathroom Posts: 6,490	Canada is only down 4%. does that mean we win? yay! __________________

01-21-2008, 10:49 AM	#6
Naughty Confirmed User Industry Role: Join Date: Jul 2001 Location: Utopia Posts: 6,480	AEX also more than 5% down. Lost 24% since december 1st on my funds ;-( __________________ seks.ai for sale - ping me

01-21-2008, 11:02 AM	#7
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01-21-2008, 10:13 AM	#4
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	Thats why I love FOREX, make money regardless of economic situation....

01-21-2008, 11:39 AM	#9
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01-21-2008, 12:15 PM	#10
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01-21-2008, 07:41 PM	#11
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	Jan. 22 (Bloomberg) -- Almost half of the world's biggest stock indexes fell into a bear market as mounting concern about a U.S. recession dragged down banking and retail shares across Asia, Europe and Latin America. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

01-21-2008, 08:07 PM	#13
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	hmm isnt this what Ron Paul said would happen back in 2002? Oh well.. ignore the truth.. your computers will still run, your ipod will still play songs... __________________

01-21-2008, 08:09 PM	#14
johnuno11 Confirmed User Join Date: Nov 2007 Location: Tampa, FL Posts: 692	I feel bad for those of you who held on to the tech stocks and didn't short sell. __________________ Monetize With iStrippers Future VR Adult Technology 2021, I earn $200+ a month for the last 10 years. Simply by Promoting one brand in your signature link...

01-21-2008, 08:15 PM	#15
spacedog Yes that IS me. Bitch. Industry Role: Join Date: Nov 2001 Posts: 14,149	Boy am I so glad my investments more than doubled in less than 6 months I'm expecting a 300% return in another 6 months, 400% in 12

01-21-2008, 08:17 PM	#16
NoComments Confirmed User Join Date: Jan 2005 Posts: 4,957	Colin, Japan, down another 587 points: http://www.bloomberg.com/index.html?Intro=intro3 and the entire world looks bleak http://www.bloomberg.com/markets/stocks/futures.html I am preparing myself mentally for 5 digits loss tomorrow. I need advice: who is the best Sig Whore payer in the business!? Time to put my latex gloves on and hit the key board! __________________ ************************************* Give me the offer I can't refuse**

01-21-2008, 08:22 PM	#17
pr0 rockin tha trailerpark Industry Role: Join Date: May 2001 Location: ~Coastal~ Posts: 23,088	good thing this business is semi recession proof __________________ __________ Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

01-22-2008, 12:17 AM	#19
Fap Just Du It Industry Role: Join Date: Feb 2004 Posts: 12,094	yeahh my google stock went down over $100 in the past month WTF

01-21-2008, 09:33 AM	#2
Gasper Guest Posts: n/a	yay!!!!!

01-22-2008, 03:04 AM	#21
NoComments Confirmed User Join Date: Jan 2005 Posts: 4,957	GOOG is 549 in Europe __________________ ************************************* Give me the offer I can't refuse**

01-22-2008, 03:10 AM	#22
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01-22-2008, 06:23 AM	#23
NoComments Confirmed User Join Date: Jan 2005 Posts: 4,957	Fed cuts rate 3/4 points the futures cut 1/2 of their losses __________________ ************************************* Give me the offer I can't refuse**

01-22-2008, 06:24 AM	#25
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