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What is your opinion on this issue?

I don't care about the economy or the stock market.

[ 1 ] 16%

I have no idea what you are talking about.

[ 1 ] 16%

I have or know someone who has investments; I'm concerned.

[ 2 ] 33%

I have or know someone who has investments; I'm confident that the markets will go back up.

[ 2 ] 33%

Total Votes : 6

Anonymous Prodigy

Posted: Tue Feb 27, 2007 5:17 pm

Joined: 10 Jan 2006 Posts: 4197 Location: United States

The Dow dropped 400 points today. The decline was the worst loss for the Dow since September 17, 2001, the first day that the U.S. markets were open after 9-11. What is your opinion on this issue?

Last edited by Anonymous Prodigy on Thu Mar 01, 2007 1:33 pm; edited 1 time in totalI had to put something here.

NBarden

Posted: Tue Feb 27, 2007 5:30 pm

Joined: 28 Dec 2006 Posts: 5468 Location: I don't know...

The market goes on cycles. The point of the game is to figure out how to calculate the cycles. Those with put options are making a killing right now. (Put option = Ability to sell stock at a certain price, use this to buy when the market hits rock bottom and turn around and sell at the put price.)

So, all those who made bad decisions, invested in stock or calls, I’m sorry for you. But those who invested in puts are making a killing. So it doesn’t matter whether the market goes up or down, it matters how YOU invested in the market and whether your predictions paid off or not.

So personally, since I didn’t invest, I don’t care. As long as the markets moving significantly in one direction or another, I’m fine. Once it starts standing still, then I’ll be worried.

Please add another option to the poll, because although I don’t care about this, I do care about the stock market and the economy.

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Anonymous Prodigy

Posted: Tue Feb 27, 2007 5:32 pm

Joined: 10 Jan 2006 Posts: 4197 Location: United States

I pretty much agree with you; my father was just regretting the fact that he didn’t have any puts. Razz

I had to put something here.

NBarden

Posted: Tue Feb 27, 2007 5:42 pm

Joined: 28 Dec 2006 Posts: 5468 Location: I don't know...

Dow Drops 416 on Global Market Plunge wrote:

The dollar slipped against other major currencies, while gold also fell.

Now that concerns me. Any drop in the value of the dollar is bad. Really bad.

But how can gold fall in value at the same time? Unless other major world currencies increased in value at a faster rate then the dollar, which also actually increased in value, just not as rapidly, then gold wouldn’t fall as the dollar fell.

I wonder how the Euro did... Think

Kills me to say this, because I have vehemently opposed the EU, but the Euro may be the best investment out there...

EDIT: Confirmed suspicions. The Euro did better than the dollar. What could you expect?

-Trade With Me Exclamation

Add the popcorn smiley to your sig, help it achieve world domination.
What if the hokey pokey really IS what its all about? Shocked

As I lay in bed staring at the stars last night, I thought to myself, "where the heck is the ceiling?"

Spotlight on....Sense of Obligation.

Anonymous Prodigy

Posted: Tue Feb 27, 2007 5:46 pm

Joined: 10 Jan 2006 Posts: 4197 Location: United States

Oh, boy. Those findings could become ubiquitous in the future.

I had to put something here.

theOmnipotentOne

Posted: Thu Mar 01, 2007 1:26 pm

Joined: 13 Jul 2006 Posts: 44 Location:

Seriously, this sort of thing only exposes the US’s ineffectiveness in the global economy. The fact that we do not back our currency with gold will kill us eventually. The fact that Dow Jones dropped 400 points because of Chinese Stock, means only ever more that China controls the world’s economy. Also, you dont need stock or know someone who has stock to be concerned about this (ahem, poll...).

~n00blit eater
Minnesota Twins > BoSox, Yankees, Dodgers, AND Mets... COMBINED.

Anonymous Prodigy

Posted: Thu Mar 01, 2007 1:30 pm

Joined: 10 Jan 2006 Posts: 4197 Location: United States

Good to see you, tOO. Smile

I had to put something here.

DáinIronfoot

Posted: Thu Mar 01, 2007 1:31 pm

Joined: 12 Jan 2007 Posts: 4594 Location: Beltsville, MD, USA

Concerning, for sure. The news about the dollar is even more alarming.

But I’m not overly worried. The economy goes through many bumps. Some are minor, some are much more severe. But it’s been going steadily upwards since 9/11, and I don’t think this is a sign it’s all about to come crashing down. Just a larger-than-usual pothole, that’s all.

Best regards, Dáin, Vice Aftokrator of the Chosen Ones

Check out Lasting Alliances, The Road Ahead, and Ages of Middle-earth, three of my five dream card sets that make up Wars of the Ring. Oh, and I have a trade list now!

Also, if you're into DCs or RPGs (or even if you're not!), check out Realms of Middle-earth, the sequel to CG's "DC Adventure", Realms of the North!

NBarden

Posted: Thu Mar 01, 2007 1:56 pm

Joined: 28 Dec 2006 Posts: 5468 Location: I don't know...

theOmnipotentOne wrote:

The fact that Dow Jones dropped 400 points because of Chinese Stock, means only ever more that China controls the world’s economy.

I disagree. It shows that we are moving into a world economy that’s fluctuates even more than the national economy. This drop could have been triggered by any significant money-holding entity. However, I agree that the US is no longer the leading economic giant. The leading economic giant in the world today is the European Union, followed closely by the US and Japan. China holds a substantial portion of the world’s wealth (duh, its the largest country on earth!), but does not control the world’s economy.

Nice to finally meet the famed tOO.

-Trade With Me Exclamation

Add the popcorn smiley to your sig, help it achieve world domination.
What if the hokey pokey really IS what its all about? Shocked

As I lay in bed staring at the stars last night, I thought to myself, "where the heck is the ceiling?"

Spotlight on....Sense of Obligation.

sickofpalantirs

Posted: Thu Mar 01, 2007 2:55 pm

Joined: 23 Mar 2006 Posts: 7750 Location: somwhere, over the rainbow way up high. There's a land that I heard of once in a lullaby.

NBarden wrote:

Nice to finally meet the famed tOO.

don’t blink Wink

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"DáinIronfoot"
Spammers really are amazing creatures. You can learn all there is to know about their ways in a month. And yet, after a hundred years, they can still surprise you. Razz

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