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Old 05-02-2008, 10:03 AM   #1
payd2purv
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World not ending after all?

http://money.cnn.com/2008/05/02/mark...rss_topstories

* Unemployment down
* Lost way fewer jobs than most expected last quarter
* Dow closed above 13,000 for first time since Jan
* Dollar gaining ground against the Euro
* Oil prices backing down off of record

Things certainly aren't "good", but not nearly as bad as people keep predicting either.

My investments have been doing really well the past couple weeks, guess that's good enough for me.
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Old 05-02-2008, 10:04 AM   #2
CurrentlySober
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i still like poo
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Old 05-02-2008, 10:04 AM   #3
Angry Jew Cat - Banned for Life
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it's not 2012 yet
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Old 05-02-2008, 10:12 AM   #4
payd2purv
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Quote:
Originally Posted by ismokeblunts View Post
it's not 2012 yet
Haha true.. but that's a whole other bag of worms.. The US Gov has no control over that doomsday.. or do they?
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Old 05-02-2008, 10:17 AM   #5
ADL Colin
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not too bad so far. Whether deservedly or not, at the current rate Bernanke will be on the cover of Time Magazine as man of the year pretty soon.

The big problem out there is still housing prices and if they don't stabilize I would think things would get a whole lot worse.
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Old 05-02-2008, 10:20 AM   #6
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if it will get worse then there we should really think carefully...if they can't do anything then lets make something if possible...:D
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Old 05-02-2008, 10:31 AM   #7
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if it will get worse then there we should really think carefully...if they can't do anything then lets make something if possible...:D
Aye Aye Captain!
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Old 05-02-2008, 10:34 AM   #8
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Things getting better are NOT newsworthy...
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Old 05-02-2008, 10:42 AM   #9
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Recessions are trailing indicators.. so, once everyone figures out there is one, it's usually 8 - 12 weeks old. Recent business cycles suggest that contractions don't typically last longer than 1Q and a bit, 2Qs of contraction back-to-back would be quite surprising.
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Old 05-02-2008, 02:26 PM   #10
SexualDragon
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it's not 2012 yet
say yer prayers
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Old 05-02-2008, 02:35 PM   #11
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if it will get worse then there we should really think carefully...if they can't do anything then lets make something if possible...:D
I want some of what you're smoking.
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Old 05-02-2008, 02:44 PM   #12
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the dollar increased? That's laughable.. no even a cent increase since yesterday.. They call THAT an increase? That's average fluctuation, not an increase. Tomorrow it will drop again. As for jobs, where is the proof? Hell, where's the proof for everything else that they are saying? No, I'm not from the US, but why must they lie to people? Without proof of what they mention it means nothing. The $ is the only thing anyone can really find out.

They're just trying to give people false hope so they stop worrying so much.... For awhile at least..
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