Worldwide Stocks Falling Sharply

[virginiakid]

I was looking at some of the numbers from around the world and all stock markets are down between 5-10% or more. I hate to see what the American Stock market is going to do.


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Senior Anandtech Moderator
Common Courtesy

 

[Duddy]

Futures for Dow down over 500 points now. Here's how it will go:

1. Opening bell rings
2. Stocks plummet
3. Closing bell rings 3 minutes later
4. .....
5. Profit

 

[Eeezee]

If you're heavily entrenched in the stock market, the best thing will probably be to hold onto what you have for the long haul.

If you've got some winners and can get rid of them before a huge plummet (ie the moment trading begins), that'd be good.

Buy when the crash has hit bottom. This might not happen for at least several days... maybe even weeks

 

[First]

International markets historically over-correct percentage-wise greater than the equivalent U.S. stock markets. So I wouldn't be too down on the coming recession.

 

[Lemon law]

Lets face the facts, this is not going to be just another ho hum market correction. It reflects the undeniable fact that the US economy is very likely to tank. And the end of a nearly 70 year conventional wisdom is no longer tenable. The US economy is now too screwed up to lead the world. When the dust settles, oil is very unlikely to be denominated in dollars and foreign capital will no longer buy T-bills. And all them cheap foreign imports will start to dry up as OPEc starts to say in God we trust, all other pay cash. And US IOU's start to become worthless.

Poor old bumbling GWB never learned to do PR right like Ronny did. Its OK to do stupid things for short term gain, but just don't let the chickens come home to roosts until you are out of office. And now GWB will have a whole year to demonstrate economic leadership. But its hard to lead when none follow.

 

[StageLeft]

And now GWB will have a whole year to demonstrate economic leadership.

Quick counterpoint: The president cannot run the economy and has no say over it*

* this isn't applicable when he does things like tax cuts, in which case we must applaud his wisdom