Dow drops 21% in 10 days, global sell off ensues...
10-10-2008, 06:18 AM
#14
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no.........a lot of this has to do >>>
with spec stuff too......markets react in hours these days vs months just 10yrs ago.....
We will be paying for others sins for awhile....so you may want to get used to it. The media is not helping this....
We are close to the bottom....stay the course...and if you can buy, now is a good time.
We will be paying for others sins for awhile....so you may want to get used to it. The media is not helping this....
We are close to the bottom....stay the course...and if you can buy, now is a good time.
10-10-2008, 07:01 AM
#15
AudiWorld Super User
I disagree about your response about the media>
the market is BAD, anyway you look at it
financials, international... the credit markets SUCK
even without media the economy is still horrible, and i dont think we're going to climb out of this anytime soon... i think there is another shoe yet to drop.
maybe im biased since i work in the media :-P
financials, international... the credit markets SUCK
even without media the economy is still horrible, and i dont think we're going to climb out of this anytime soon... i think there is another shoe yet to drop.
maybe im biased since i work in the media :-P
10-10-2008, 07:25 AM
#16
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dude, they ARE feeding the frenzy
and they ALWAYS do.
oh and what about the photo of the broker who had his hand over his mouth. they portrayed it to look like fear when he was actually just covering his mic... **** like that happens every second.
oh and what about the photo of the broker who had his hand over his mouth. they portrayed it to look like fear when he was actually just covering his mic... **** like that happens every second.
10-10-2008, 07:30 AM
#18
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Spent 12yrs working for one of the largest media companies in the world>>>
the attitude was always bad press is better then no press...
Media lives on ratings...and they need viewers to generate ad sales...
No doubt the market is bad....but here is the thing...
Money markets are good....and so are pension funds...that is a good sign...panic is the issue for the big sell off and the media/press is a big part of that....like it or not, in the business or not.
Media lives on ratings...and they need viewers to generate ad sales...
No doubt the market is bad....but here is the thing...
Money markets are good....and so are pension funds...that is a good sign...panic is the issue for the big sell off and the media/press is a big part of that....like it or not, in the business or not.
10-10-2008, 07:58 AM
#20
AudiWorld Super User
I wasn't saying they aren't causing some>
i'm just saying that there ARE people there saying the 'media is causing all/most of it' and thats just DEAD wrong
markets are bad anyway you look at it. people are afraid to put their money in anything becuase they are not sure it really is the bottom or not:
HOWEVER, real estate... perfect example. there is AMPPLE credit out there for those who qualify, there are also STEALS to be had (obviously) the issue is people are afraid to buy because they are afraid next month its 2-5% lower than what the bought it at. But truth be told MOST people are going to buy/live in that home for MANY years and it WILL be worth more if/when they decide its time to sell. widespread panic is a KEY factor
and i agree with $$/ratings... used to work in the production side, now in sales side... i understand the $$/ratings aspect quite well
there is a lot of money on the sidelines... just waiting for someone to say jump
markets are bad anyway you look at it. people are afraid to put their money in anything becuase they are not sure it really is the bottom or not:
HOWEVER, real estate... perfect example. there is AMPPLE credit out there for those who qualify, there are also STEALS to be had (obviously) the issue is people are afraid to buy because they are afraid next month its 2-5% lower than what the bought it at. But truth be told MOST people are going to buy/live in that home for MANY years and it WILL be worth more if/when they decide its time to sell. widespread panic is a KEY factor
and i agree with $$/ratings... used to work in the production side, now in sales side... i understand the $$/ratings aspect quite well
there is a lot of money on the sidelines... just waiting for someone to say jump