BF2S Forums Crashes...in context

so what are you saying?

That the media is making this worse trying to get Obama elected.

There have been worse stock drops and we did just fine.

Perhaps somebody would care to explain why we are being told the world teeters on the edge of an abyss?

Thats what I thought you were saying.  But then, you were the one making survival guides.  ir confused.

ATG wrote:

That the media is making this worse trying to get Obama elected.

There have been worse stock drops and we did just fine.

Perhaps somebody would care to explain why we are being told the world teeters on the edge of an abyss?

It is not because they are trying to get Obama elected ... that will happen regardless.

This is just what the media does.  It does something that I call "telescoping fear" ... the media finds a small fearful thing, and then makes it out to be something that is HUGE.  This is what sells newspapers, makes you watch the evening news, and makes you discuss it in forums.  They make money off our fears.

So, we have a mosquito or two that causes West Nile Virus and kills a person.   What does the media do?  They telescope on this one incident and then before we know it there is the assumption that there are billions of deadly mosquitoes biting our children and killing millions.

====

As for the economy, we have an unhealthy sector, but most other sectors are reasonably healthy.  The media telescopes fear, and suddenly 30-40% of Americans believe we are in the Great Depression ...  phhht ... I hate the MSM.

internet and youtube are making sheep of people.  its sad really.  i realize not everyone can afford a subscription to janes.com, but people need to take shit with a grain of salt.  even family guy made fun of it last night........ "Its funny because its on the internet and im in college." 

it was a knock on dane cook but also had some underlying truth.

Last edited by usmarine (2008-10-06 08:46:55)

Where are those who claimed the economy was OK now?  When someone farts in Washington you can smell it all around the wolrd, and GWB farted too much during the last 8 years.  God bless that fucker.

If people weren't thinking it was a massive disaster, they wouldn't stand by and watch the government give stupid rich people hundreds of billions of dollars of public money.

Mek-Stizzle wrote:

I mean, for all we know, they could just be chatting breeze in order to keep everyone calm.

You got it.

I wouldnt worry, we are all screwed anyway.

Dow down - I wonder if the credit default swaps auction today (Oct 6, 2008) have anything to do with this drop?

FYI: http://www.nyse.com/press/circuit_breakers.html

In the event of a 1000-POINT decline in the DJIA (10 percent):
Before 2 p.m. 1-HOUR HALT
2-2:30 p.m. 30-MIN. HALT
After 2:30 p.m. NO HALT

In the event of a 2000-POINT decline in the DJIA (20 percent):
Before 1 p.m. 2-HOUR HALT
1-2 p.m. 1-HOUR HALT
After 2 p.m. MARKET CLOSES

In the event of a 3000-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.

PS: The 1987 one day crash was a correction for a one year bull market frenzy. The correction was needed.

Last edited by topal63 (2008-10-06 11:52:23)

Today's computerized market is subtly different from that of the early 20th century.

Could be a good time to buy stocks...

san4 wrote:

The stock market crash isn't the problem, the problem is that individuals and businesses can't get loans. The media didn't cause that, the banks did.

only because Clinton and Obama forced them to give out loans that they knew people couldn't pay back, and it's coming back to bite everyone in the ass, the banks in particular.