Alert Alert Market Tanking!!!!!!

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whitedust

Well-known member
roundhouse said:
The USA has bailed out Mexico in the past. As I recall the public wasn't crazy about it but it worked out OK.
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I remember some Mexican aid many years ago but don't recall the details or backstopping their banks & we certainly did not have our current level of debt. Do you recall the details?
 
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xcr440

Well-known member
I guess the bigger question on that Mexican bailout, was did we ever get paid back? Kinda doubting that.
 
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whitedust

Well-known member
dcsnomo said:
http://en.wikipedia.org/wiki/1994_economic_crisis_in_Mexico
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Things just don't change as Congress did not approve any of this but it happend anyway. lol
I expect the Europeans will object as well but some sort of bailout agreement will happen but will take much more time as many more countries involved. Mean time the world economy will soften with each passing week of uncertainty. Don't know for sure but exspect much more down before we bottom & recover. I have not felt we were on the cusp of a sell off for a long time but more bad news & investors will cut & run. Volume was very low today so big bucks sitting on the sidelines for now.
 
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whitedust

Well-known member
Interesting but USA NOT the focus or the current market issue as our economy will probably plummet depending on the outcome of the European crisis. USA housing can it get much worse? lol.... I guess so. Germany barely grew last month which is the Northstar of the European economy so you can bet Greece, France, Spain & Italy are much worse off than Germany so Europe is on the cusp of a recession. Also short selling in Europe has been suspended & will start again Friday & they will attack the suspect banks same as they did here to drive down & destroy weak banks & all **** breaks loose after that! On the bright side USA stocks have held up better than I thought but after short selling resumes all bets are off. So lots more to come soon.
 
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anonomoose

New member
Market is tanking again today. Removing any gains over the last week. Don't you just love the fact that the USA doesn't have enough of it's own problems we have to live or die with what happens in Europe and Asia, and places we have little if any control over.

Thanks to our --new and improved-- global economy, our lives have gotten a whole bunch better, eh?

If there has ever been a time for a bit of isolationist behavior, I think we have all the cards in place for the USA to pull back and take a good hard look at what we value as important and what we need to do to sustain, our own growth and prosperity.

On a side note, it appears that the new million dollar Secret Service Mobiles the Prez is touring in (just in time for the election politicking cycle...mear coincidence I am sure) said machines were built in CANADA.....don't you love it.
 
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frnash

Active member
Some day traders must be havin' a field day lately, making fat profits on both the ups n' downs. — Particularly those using high speed computerized trading schemes. Ka-ching!
 
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whitedust

Well-known member
Sounds like a ruff week ahead. European markets sold off big time today. This may be the down trend I was looking for since Europe is not dealing with bank problems fast enough. Would not be surprised to see the Dow open Tuesday down a 100 or more then keep sliding all day & week. 4 day trading week may increase the pin action. Probably good to get the sell off underway & behind us. No pain no gain.
 
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anonomoose

New member
Yep, no time to fall asleep at the switch. All the gains of a week or so ago are gone again....should have sold it on the high....if I could ever tell when that is :>
 
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whitedust

Well-known member
WOW..... S&P broke below 1119 not sure it will end up there at the end of the day but not good! Fed finally stopped sugar coating the economy & stated difficult times ahead. Really like we didn't know! USA double dip Recession & Europe Depression now being stated. What to do? Go cash I guess & wait for bottom? World Governments zoning don't know what to do?.....useless. Probably see a few sell off bounces then further down.:(
 
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anonomoose

New member
whitedust said:
WOW..... S&P broke below 1119 not sure it will end up there at the end of the day but not good! Fed finally stopped sugar coating the economy & stated difficult times ahead. Really like we didn't know! USA double dip Recession & Europe Depression now being stated. What to do? Go cash I guess & wait for bottom? World Governments zoning don't know what to do?.....useless. Probably see a few sell off bounces then further down.:(
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Gold is down...not sure why, but maybe THAT is a buying opportun....but don't ask me...I buy high and sell low! For a small fee, I can inform you when I jump in....so that you can run for cover.....really the ONLY effective way to handle all this stuff right now!!
 
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whitedust

Well-known member
I'll be buying soon...... not yet but soon. Could maybe eek out another 5% on the downside then will have big ups & downs IMO due to all the political BS. Moose you have to go long in this environment make the best buying picks stay with best of breed because all stocks are cheap now. Difficult to know bottom just go with your gut based on facts. I'm worried but also need to make up some lost money so getting ready to put my balls on the line. No guts no glory next few weeks going to take its toll on me for sure. I thought investors would come back strong today & buy off the bounce then sell again but so far did not happen so investors not feeling good yet. I have a buddy that stays the course no matter what & don't think you can do that & make the best bang for your buck. You need to be nimble but try to go long whenever you can. Bottom line Corp profits still strong so yes things are slowing down worldwide but not going over the cliff yet at least.
 
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