This is topic Stock Market is tanking in forum General Talk at Northern California Ford Owners .
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Posted by John91coupe (Member # 18) on
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On the "great" news from yesterday. Down 300 in 1 1/2 hours so far today.
Posted by turbo50 (Member # 6700) on
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Here goes another fucked 4 years.
Look at my GLD
Posted by John91coupe (Member # 18) on
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Damn! Looks like the bottom is falling out on gold too! What the hell!!
Posted by racsirx (Member # 1710) on
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Beginning of the end.
Posted by John91coupe (Member # 18) on
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quote:
Originally posted by racsirx:
Beginning of the end.
Afraid so...
Posted by Nifty50 (Member # 9987) on
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Apple shares dropped $600 in the past couple days.
Posted by Beasty5.0 (Member # 2935) on
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No worries its just the criminals that run the stock market using the election as a reason to scare people out and then they"ll bring it back up. Its all a game. You have the bulls on one side, bears on the other, and then everyone else in the midldle just trying to invest their money, so invest wisely.
Posted by Blue92 (Member # 8789) on
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quote:
Originally posted by Nifty50:
Apple shares dropped $600 in the past couple days.
You mean it dropped TO $600. Currently at $559.xx per share. Just thought I would clarify.
Hopefully we can get a grip on everything.
Posted by Nifty50 (Member # 9987) on
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I had no idea that was the actual figure (600) I thought that was how much its decreased... Crazy becaue they were valued at over 2600 a share a couple weeks ago... Crazy!!!
Posted by cali95gt (Member # 8940) on
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Yea people look for any reason to make a buck so don't blame the elections... For example look at gas prices... It's funny how the price of gasoline goes up instantly when the price of oil goes up... Even tho the gasoline had already been delivered in sitting in the tanks at the gas station... How does the price change when it's already made and delivered???
Posted by DEVERO2 (Member # 6155) on
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hell in a hand basket on a rocket ship. im buyiung guns and ammo not stock.
Posted by John91coupe (Member # 18) on
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Yeah, ammo is probably the best investment for the foreseeable future.
Posted by racsirx (Member # 1710) on
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quote:
Originally posted by John91coupe:
Yeah, ammo is probably the best investment for the foreseeable future.
+1, I am actually going gun shopping today and I am lucky enough to qualify for a concealed weapon permit.
Posted by dean-93 (Member # 9401) on
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i hate obama
http://www.cbsnews.com/8301-503544_162-57400369-503544/national-debt-has-increased-more-under-obama-than-under-bush/
[ November 07, 2012, 02:36 PM: Message edited by: dean-93 ]
Posted by DEVERO2 (Member # 6155) on
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quote:
Originally posted by racsirx:
quote:
Originally posted by John91coupe:
Yeah, ammo is probably the best investment for the foreseeable future.
+1, I am actually going gun shopping today and I am lucky enough to qualify for a concealed weapon permit.
got my CCW put it right next to my AMEX. dont leave home with out it
Posted by Blk93Pony (Member # 10798) on
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quote:
Originally posted by DEVERO2:
quote:
Originally posted by racsirx:
quote:
Originally posted by John91coupe:
Yeah, ammo is probably the best investment for the foreseeable future.
+1, I am actually going gun shopping today and I am lucky enough to qualify for a concealed weapon permit.
got my CCW put it right next to my AMEX. dont leave home with out it
How can i apply for a CCW? Or does my life have to be in danger to obtain one?
Posted by DEVERO2 (Member # 6155) on
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now its a long ass process. ask a local officer since it is different in every county
Posted by uh0h50 (Member # 3125) on
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quote:
Originally posted by racsirx:
quote:
Originally posted by John91coupe:
Yeah, ammo is probably the best investment for the foreseeable future.
+1, I am actually going gun shopping today and I am lucky enough to qualify for a concealed weapon permit.
A CCW permit in cali... say it aint so!?
lucky bastid. lol
[ November 07, 2012, 04:20 PM: Message edited by: uh0h50 ]
Posted by East Bay 50 (Member # 8081) on
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I call b.s. on you guys having CCW unless you are a cop... NOBODY get approved in california..
Posted by John91coupe (Member # 18) on
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quote:
Originally posted by East Bay 50:
I call b.s. on you guys having CCW unless you are a cop... NOBODY get approved in california..
Let me be the first to say you are wrong. Depends on the county you live in and Alameda county is not a good one for CCW.
Posted by ECOboostin (Member # 4347) on
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quote:
Originally posted by East Bay 50:
I call b.s. on you guys having CCW unless you are a cop... NOBODY get approved in california..
Lol WRONG!
Posted by DEVERO2 (Member # 6155) on
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quote:
Originally posted by East Bay 50:
I call b.s. on you guys having CCW unless you are a cop... NOBODY get approved in california..
THEN CALL ME NOBODY
Posted by phil a (Member # 6951) on
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quote:
Originally posted by cali95gt:
Yea people look for any reason to make a buck so don't blame the elections... For example look at gas prices... It's funny how the price of gasoline goes up instantly when the price of oil goes up... Even tho the gasoline had already been delivered in sitting in the tanks at the gas station... How does the price change when it's already made and delivered???
I see what you're saying, but see it this way - you're not necessarily paying for the gas that you're pumping out of the tank and into your car - you're paying whatever replacement cost has been assigned to the gas you're purchasing. Not sure if I'm making sense on that. Basically, you're paying market-rate for gasoline, as that is what it will 'cost' to refill the tanks at the station.
Now, as to why there is lag on the backside - why the gas prices fall more slowly once the price of oil drops .... well, now you can look back at your argument ![[Wink]](wink.gif)
As far as the drop in the stock market, well ... I know this will come across as insulting or unfair to many people on the board, but let's consider the voter demographic of those buying/selling/trading stock/options, versus the voting demographic of those who do not. I'm not stating that ONLY GOP voters trade and that NO DNC voters invest, but .... look at the cross-section. You pull the rug out from a bunch of people who TEND, as a majority, to vote in a certain direction, confidence plummets, stock markets tank, and you end up with, well, 7Nov 2012
Posted by racsirx (Member # 1710) on
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quote:
Originally posted by East Bay 50:
I call b.s. on you guys having CCW unless you are a cop... NOBODY get approved in california..
I have a Cash for Gold business so it's easy for me to get one.
Posted by John91coupe (Member # 18) on
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Thing is that anyone in a 401K or other work related fund is in the stock market, not just traders. So a lot of people who think only rich capitalists are taking a hit with a down market will be hit in their pocket as well.
Posted by phil a (Member # 6951) on
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quote:
Originally posted by John91coupe:
Thing is that anyone in a 401K or other work related fund is in the stock market, not just traders. So a lot of people who think only rich capitalists are taking a hit with a down market will be hit in their pocket as well.
![[Big Grin]](biggrin.gif)
Wonder how many people came to this conclusion before popping off about the rich, etc....?
Posted by triple b (Member # 8763) on
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Im in Healthcare so....Im rolling in the dough with Obama and oh I have my CCW for them poor republicans trying to steal my shit! Gotta love Sacramento County
[ November 07, 2012, 07:16 PM: Message edited by: triple b ]
Posted by Anderthizzle (Member # 7910) on
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quote:
Originally posted by racsirx:
Beginning of the end.
Yep we are in trouble.
Posted by John91coupe (Member # 18) on
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quote:
Originally posted by triple b:
Im in Healthcare so....Im rolling in the dough with Obama and oh I have my CCW for them poor republicans trying to steal my shit! Gotta love Sacramento County
C'mon man, you know there are no "poor" republicans
Posted by John91coupe (Member # 18) on
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Goin' down
down
down....
Posted by cemelevu (Member # 10601) on
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What is not so funny, is that when you started the thread, I jumped on my company's home page (i work for world wide large company) and saw the Dow down, but the Hang Seng was up! Hmmm who's got it better than us!!!
Posted by John91coupe (Member # 18) on
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Hate to tell you how much I have lost in my 401K since barry got re-elected ![[Frown]](frown.gif)
Posted by John91coupe (Member # 18) on
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Down around 450 points since the great healer and revered one was elected. How low can it go? Enjoy the ride pimps.
Posted by hidnn.o.s. (Member # 1219) on
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Pimps, lol!?!? John, who are you and who took over your keyboard!
Posted by John91coupe (Member # 18) on
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It's just me with a little to much of the drink in me lol Those pimps, the ones that think everthing is gonna be great now that their hero won again. They have no idea whats coming.
Good night
Posted by kingroy (Member # 7736) on
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quote:
Originally posted by John91coupe:
Hate to tell you how much I have lost in my 401K since barry got re-elected
I hate to tell you how much you earned in your 401k since Barry got elected. The first time. Here's a reminder of what we were going through 4 years ago.
http://money.cnn.com/2008/11/20/markets/markets_newyork/
BTW, there's ups and downs in the market. What economist do is follow trends, not day to day results. The question is, what has been the trend since "Barry" has taken office? The best predictor of the future is what has been done in the past. Check the books, and if you're still around at the end of his second term. I'll bring this thread back up to remind you of your thoughts. :-)
Posted by kingroy (Member # 7736) on
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quote:
Originally posted by John91coupe:
Down around 450 points since the great healer and revered one was elected. How low can it go? Enjoy the ride pimps.
Here's an example of failure. If I was on CAFORDS in 2000, like you were. I would have loved to bring this back to you.
but here you go. Bush from when Clinton left, to when Barack came in.
http://finance.yahoo.com/q/hp?s=%5EDJI&a=00&b=21&c=2001&d=00&e=21&f=2009&g=m&z=66&y=0
Bush - Jan 2, 2009 8,228.10
Bush - Feb 1, 2001 10,495.28
It's simple...uhhh, what did Bill Clinton say? Arithmetic. LOL.
Put it like this, you still have more than when Bush left office. So stop complaining, LOL.
Posted by AL STOCK (Member # 1852) on
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quote:
Originally posted by kingroy:
quote:
Originally posted by John91coupe:
Hate to tell you how much I have lost in my 401K since barry got re-elected
I hate to tell you how much you earned in your 401k since Barry got elected. The first time. Here's a reminder of what we were going through 4 years ago.
http://money.cnn.com/2008/11/20/markets/markets_newyork/
BTW, there's ups and downs in the market. What economist do is follow trends, not day to day results. The question is, what has been the trend since "Barry" has taken office? The best predictor of the future is what has been done in the past. Check the books, and if you're still around at the end of his second term. I'll bring this thread back up to remind you of your thoughts. :-)
+1 Some closet clowns need education, thank you Roy for kicking some common sense in them.
Posted by John91coupe (Member # 18) on
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Wow, thanks for the financial advice guys. Maybe I should have you two as my financial advisers.
Of course I know there are ups and downs. I had a lot more money in my 401K before September 11, 2001 also. It took a long time to recover anything close to what I had and never came completely back. Then there was the market collapse in 2008 and another big hit to everyones savings. It slowely started to come back since then but I'm saying it's headed down again because of his re-election. Only time will tell and we can remind each other later on as to who was correct.
BTW, AL STOCK. I have never attacked you personally on this forum so if that "closet clown" comment was aimed at me then I say you can shove it up your ass pal. If it was a general comment then I misunderstood you and I apologize. Otherwise...where the sun doesn't shine.
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