Why are people freaking out and selling stocks like mad?! - PeachParts Mercedes-Benz Forum

spdrun · #1 08-08-2011, 02:34 PM

... the debt downgrade is NOT news!! It's just one company's interpretation of existing news. No new data there, so I don't see why people/computers/brokers/banks are chimping out and screaming "OMG, SEEELLLL NOW." #masshysteria

Regardless of whether the debt rating ends with an A or a +, life will go on.

tbomachines · #2 08-08-2011, 02:44 PM

http://www.youtube.com/watch?v=TSZKDkLgzhk

ORANGE JUICE!!!

Fulcrum525 · #3 08-08-2011, 09:36 PM

Quote:

Originally Posted by tbomachines

http://www.youtube.com/watch?v=TSZKDkLgzhk

ORANGE JUICE!!!

Nice

Quote:

Originally Posted by MTI

Remember, Wall Street is not the economy. If anything, it's Las Vegas and Atlantic City . . .

Pretty much, people selling on emotion rather then rationals.

aklim · #4 08-08-2011, 02:48 PM

Quote:

Originally Posted by spdrun

... the debt downgrade is NOT news!! It's just one company's interpretation of existing news. No new data there, so I don't see why people/computers/brokers/banks are chimping out and screaming "OMG, SEEELLLL NOW." #masshysteria

Regardless of whether the debt rating ends with an A or a +, life will go on.

Not just one company. Others have doubts which is troubling. If it were one company it might be just that.

spdrun · #5 08-08-2011, 02:50 PM

Quote:

Originally Posted by aklim

Not just one company. Others have doubts which is troubling. If it were one company it might be just that.

It's still an interpretation of existing data. Nothing new to see essentially.

aklim · #6 08-08-2011, 03:32 PM

Quote:

Originally Posted by spdrun

It's still an interpretation of existing data. Nothing new to see essentially.

So is everything else. However, if it were simply one agency, maybe however we have to face the fact that we also have been doing a lot of borrowing and other agencies, while they might not have downgraded us, are nervous. OTOH, you can wait till it collapses and then say "Oops".

elchivito · #7 08-08-2011, 02:57 PM

This is exactly why I cashed out as soon as I was old enough and my 403 was back above pre-bust levels. Nevermore. The rest of you feel free to go get rich. I've got enough to do me and the family long after I'm buried in the pasture, this foolishness can't hurt me, at least not directly. Like I said in the other thread, I'm buying guns. They are cheap and abundant, can I get a god bless america?

OMEGAMAN · #8 08-08-2011, 08:39 PM

Quote:

Originally Posted by elchivito

This is exactly why I cashed out as soon as I was old enough and my 403 was back above pre-bust levels. Nevermore. The rest of you feel free to go get rich. I've got enough to do me and the family long after I'm buried in the pasture, this foolishness can't hurt me, at least not directly. Like I said in the other thread, I'm buying guns. They are cheap and abundant, can I get a god bless america?

Sell them to fellons. Those guys pony up!

raymr · #9 08-08-2011, 02:59 PM

Maybe its all the news coming together at once. Record high spending, slumping productivity, bad government. This could become a self-fulfilling prophecy: Erase stock market gains, further erode taxable income, US goes into budget crisis. If there was ever a coordinated plan to wreck the US financially, now would be the time to pull it off.

pj67coll · #10 08-08-2011, 03:03 PM

Quote:

Originally Posted by raymr

Maybe its all the news coming together at once. Record high spending, slumping productivity, bad government. This could become a self-fulfilling prophecy: Erase stock market gains, further erode taxable income, US goes into budget crisis. If there was ever a coordinated plan to wreck the US financially, now would be the time to pull it off.

We dont' need a co-ordinated plan, we have the Tea Party and those morons will accomlish it for us. The OP is right. THere is nothign really new here, it's just a more public broadcast of what has long been known. The US has long been in trouble and the Washington cloowns are not intelligent enough to get us out of it. Coupled withe the reality of the global contraction, (not recession, nor depression - contraction) people reach a psychological tipping point and freak out.

- Peter.

aklim · #11 08-08-2011, 03:47 PM

Quote:

Originally Posted by pj67coll

We dont' need a co-ordinated plan, we have the Tea Party and those morons will accomlish it for us. The OP is right. THere is nothign really new here, it's just a more public broadcast of what has long been known. The US has long been in trouble and the Washington cloowns are not intelligent enough to get us out of it. Coupled withe the reality of the global contraction, (not recession, nor depression - contraction) people reach a psychological tipping point and freak out.

- Peter.

Sure, now we have the Tea Party to blame. It is getting boring to blame just the Republicans and the Democrats but we are blessed with a 3rd group. Fact is, we told the representatives, be they Tea Party, Republican or Democrat what to do and now we want to hang them high. Sure, we gave them "Mission Impossible" but why quibble over that? Hang them and let the next group with the same instructions take over. And yet we will expect different results every time we do that. Isn't that the definition of insanity?

Sure, now we are in trouble and we agree to cuts in spending. That is a good first step. HOWEVER, the problem is that the devil is in the details. We are willing to make cuts in programs AS LONG AS THEY ARE NOT our "Sacred Cows" or pet projects. Sure, cut every program. Just leave Medicare, SS, funding for project X, etc, etc alone. Nobody is willing to cut their program so no real cuts get done. Just more smoke in mirrors. You are willing to cut "The Other Guy's" program as is he willing to cut yours. Nobody wants to cut their own program. As soon as you do, howling will occur and the politician will have to pander to that group. So what we want done is to cut a program nobody will miss. Well, we might as well ask for a benevolent dictator who has no fear of offending anyone and will do the right thing. Before that, lets start with a smaller request. Winged horses and unicorns.

spdrun · #12 08-08-2011, 04:12 PM

Not that I'm crying, mind you. I tend to think of it as the buying opportunity of a lifetime. Hopefully, stocks will go politely oscillating like they did in late 2008 - spring 2009 or in summer of 2010. Should be vetty vetty inderesting in the next few months.

Hatterasguy · #13 08-08-2011, 04:53 PM

Looks like a good chance to get some deals.

On the plus side the oil bubble popped finally, gold OTOH is building up a nice head of steam that's the next commodity bubble to pop.

Emmerich · #14 08-09-2011, 12:08 AM

The financial market is a zero sum game. You might lose, but someone else gained. Its like gravity-its the law.

pj67coll · #15 08-08-2011, 05:08 PM

Quote:

Originally Posted by aklim

Sure, now we have the Tea Party to blame. It is getting boring to blame just the Republicans and the Democrats but we are blessed with a 3rd group. Fact is, we told the representatives, be they Tea Party, Republican or Democrat what to do and now we want to hang them high.

What you said in your previous post is corret. This train wreck has been decades in the making, however the salient point about the toilet papers is that they are too stupid to be in a positoin of power. As I've said before you cannot run a country by blocking tax raises and the possibility of tax raises as circumstances require. That indicates a childishness and immaturity not wanted in leadership bu it is what this country is stuck with in these idiots. Consequently it is obvious that the US will not in fact get it' house in order as long as these clowns hold any influence and so the world reacts.

Quote:

Well, we might as well ask for a benevolent dictator who has no fear of offending anyone and will do the right thing.

If only.

- Peter.