Holy Stock Market plunge Batman!!!

RiDE · RiDE #1 (**permalink**)

02-27-2007, 08:31 PM

Anyone see what happened at the close of the market today? OUCH!

CNBC footage of the plunge: (LINK). Lets hope for a better day tomorrow.

rman · rman #2 (**permalink**)

02-27-2007, 08:48 PM

With the market being so bloated, you would expect it to make some adjustments.

RiDE · RiDE #3 (**permalink**)

02-27-2007, 08:50 PM

I agree, but that's a WHOLE LOT of "adjustment"in one day... one afternoon.

CarlConti08 · CarlConti08 #4 (**permalink**)

02-27-2007, 08:54 PM

part of it was a computer malfunction. the dow dropped 200 points in 2 min. that probably caused a chain reaction of selling and basically everything dropped. (slowly shakes his head) they should've used macs.

RiDE · RiDE #5 (**permalink**)

02-27-2007, 08:56 PM

And China talks of no longer allowing investors to leverage stocks on credit. Causing their market to fall.. The Chinese market tipped the "domino", and everyone was selling.

cheesybanana · cheesybanana #6 (**permalink**)

02-27-2007, 08:58 PM

Oh god...heh.

I am looking into jumping into investing right now. Makes me a little scared honestly.

Ah...just checked the mutual funds my college money is in. I just lost >$600 today

KoDorSean · KoDorSean #7 (**permalink**)

02-27-2007, 09:01 PM

its funny you bring this up ride, about the middle of the day today my boss looks over at me and says " well there went my retirement" I asked why and he said " the stock market went down the toilet!"

mac57 · mac57 #8 (**permalink**)

02-27-2007, 10:01 PM

Hmmm... a new "Black Tuesday"?

Carol247 · Carol247 #9 (**permalink**)

02-28-2007, 11:31 AM

Gets pretty scary when you think of how much money people have riding on the stock market. Guess it time to buckle our seat belts and hang on for the roller coaster ride.

skye · skye #10 (**permalink**)

02-28-2007, 11:43 AM

i really dont think it is a big deal. people forget that our unemployment rate is somewhere near 4.5% and such. i think our economy is doing amazing and i for one think this 400 point drop is something that is inevitable but doesnt really have a largescale effect on us as individuals.

mac57 · mac57 #11 (**permalink**)

02-28-2007, 12:23 PM

...and at least at the moment, the market is up today. Not recovering all of yesterday's losses, but up at least.

RiDE · RiDE #12 (**permalink**)

02-28-2007, 12:31 PM

Yes, it's a good sign of stabilization. Glad to see it.

Martin. · Martin. #13 (**permalink**)

02-28-2007, 01:17 PM

it dropped the most in china it was lik 9.9% or something, today people are going to be buying like crazy because prices will be so low

TheCustomer99 · TheCustomer99 #14 (**permalink**)

02-28-2007, 01:41 PM

I was expecting something like this to happen since it was sitting at record highs for so long. I wouldn't be surprised if it dropped even more. But prediction of such a chaotic system is impossible, so we'll have to just see what happens.

cheesybanana · cheesybanana #15 (**permalink**)

02-28-2007, 03:55 PM

It is interesting how globalized our economy is now. A plunge in China translated into a plunge here almost immediately.

rman #2 (permalink)
Member Since: Dec 24, 2002 Location: Los Angeles, California Posts: 12,591 Mac Specs: 2 x 3.0GHz Quad-Core, 6GB OS X 10.6.8 \| 15in MacBook Pro 2.2GHz OS X 10.6.8 \| 64GB iPad 2 WiFi	02-27-2007, 08:48 PM With the market being so bloated, you would expect it to make some adjustments. Life isn't about waiting for the storm to pass, It's about learning to dance in the rain!
	QUOTE Thanks

KoDorSean #7 (permalink)
Member Since: Jun 03, 2006 Location: Denver Colorado Posts: 2,374 Mac Specs: 2.4 GHz intel core 2 duo MBP, iPhone 5, iPad 3	02-27-2007, 09:01 PM its funny you bring this up ride, about the middle of the day today my boss looks over at me and says " well there went my retirement" I asked why and he said " the stock market went down the toilet!" I was on the M-F honor roll for month : May 2007
	QUOTE Thanks

mac57 #8 (permalink)
Member Since: Apr 29, 2006 Location: St. Somewhere Posts: 4,560 Mac Specs: iMac 27" 3.4 GHz, 256 GB SSD, 2 TB HDD, 8 GB RAM	02-27-2007, 10:01 PM Hmmm... a new "Black Tuesday"? My Macs: iMac 27" 3.4 GHz, Mac Pro 3.2 GHz, PowerMac G5 Quad 2.5 GHz, G4 Cube with 1.2 GHz Upgrade My iStuff: 64GB iPhone 5, 64GB iPad4, 30GB iPod Video, 16GB iPod Touch My OS': Mac OS X Lion, Mac OS X Snow Leopard, Mac OS X Tiger, Mac OS 9.2.2, openSUSE 10.3 I was on the Mac-Forums honor roll for September 2007
	QUOTE Thanks

mac57 #11 (permalink)
Member Since: Apr 29, 2006 Location: St. Somewhere Posts: 4,560 Mac Specs: iMac 27" 3.4 GHz, 256 GB SSD, 2 TB HDD, 8 GB RAM	02-28-2007, 12:23 PM ...and at least at the moment, the market is up today. Not recovering all of yesterday's losses, but up at least. My Macs: iMac 27" 3.4 GHz, Mac Pro 3.2 GHz, PowerMac G5 Quad 2.5 GHz, G4 Cube with 1.2 GHz Upgrade My iStuff: 64GB iPhone 5, 64GB iPad4, 30GB iPod Video, 16GB iPod Touch My OS': Mac OS X Lion, Mac OS X Snow Leopard, Mac OS X Tiger, Mac OS 9.2.2, openSUSE 10.3 I was on the Mac-Forums honor roll for September 2007
	QUOTE Thanks

Martin. #13 (permalink)
Member Since: Feb 18, 2007 Location: Calgary, Canada Posts: 348	02-28-2007, 01:17 PM it dropped the most in china it was lik 9.9% or something, today people are going to be buying like crazy because prices will be so low ~Martin.
	QUOTE Thanks

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RiDE #1 (permalink)
Member Since: Sep 13, 2006 Location: Deep in the heart of Texas! Posts: 3,559 Mac Specs: Mac's	02-27-2007, 08:31 PM Anyone see what happened at the close of the market today? OUCH! CNBC footage of the plunge: (LINK). Lets hope for a better day tomorrow.
	QUOTE Thanks

CarlConti08 #4 (permalink)
Member Since: May 29, 2006 Location: Tallmadge, Ohio Posts: 371 Mac Specs: MacBook Pro 2.5 GHz, 2 GB RAM, 250 GB HD	02-27-2007, 08:54 PM part of it was a computer malfunction. the dow dropped 200 points in 2 min. that probably caused a chain reaction of selling and basically everything dropped. (slowly shakes his head) they should've used macs.
	QUOTE Thanks

RiDE #5 (permalink)
Member Since: Sep 13, 2006 Location: Deep in the heart of Texas! Posts: 3,559 Mac Specs: Mac's	02-27-2007, 08:56 PM And China talks of no longer allowing investors to leverage stocks on credit. Causing their market to fall.. The Chinese market tipped the "domino", and everyone was selling.
	QUOTE Thanks

cheesybanana #6 (permalink)
Member Since: Jan 13, 2007 Location: Akron, Ohio Posts: 939 Mac Specs: C2D MacBook Pro	02-27-2007, 08:58 PM Oh god...heh. I am looking into jumping into investing right now. Makes me a little scared honestly. Ah...just checked the mutual funds my college money is in. I just lost >$600 today
	QUOTE Thanks

Carol247 #9 (permalink)
Member Since: Dec 17, 2006 Location: The beautiful Northwest Posts: 1,035 Mac Specs: imac 20" 216 GHz Intel Core 2 Duo processor, 1GBSDRAM, 250 GB hd, Airport Extreme, Bluetooth 2.0	02-28-2007, 11:31 AM Gets pretty scary when you think of how much money people have riding on the stock market. Guess it time to buckle our seat belts and hang on for the roller coaster ride.
	QUOTE Thanks

skye #10 (permalink)
Member Since: Sep 12, 2006 Location: Twin Cities, MN Posts: 1,224 Mac Specs: Macbook 2.0ghz coeduo 1GB RAM 80 GB HD SuperDrive	02-28-2007, 11:43 AM i really dont think it is a big deal. people forget that our unemployment rate is somewhere near 4.5% and such. i think our economy is doing amazing and i for one think this 400 point drop is something that is inevitable but doesnt really have a largescale effect on us as individuals.
	QUOTE Thanks

RiDE #12 (permalink)
Member Since: Sep 13, 2006 Location: Deep in the heart of Texas! Posts: 3,559 Mac Specs: Mac's	02-28-2007, 12:31 PM Yes, it's a good sign of stabilization. Glad to see it.
	QUOTE Thanks

TheCustomer99 #14 (permalink)
Member Since: Jan 05, 2007 Location: Where the old Baker farm used to be. Posts: 1,480 Mac Specs: Apple Black MacBook 2 GB RAM, 2.0 GHZ Intel Core 2 Duo Proecessor, 120 GB HD. 30 GB Black iPod Video	02-28-2007, 01:41 PM I was expecting something like this to happen since it was sitting at record highs for so long. I wouldn't be surprised if it dropped even more. But prediction of such a chaotic system is impossible, so we'll have to just see what happens. "Anecdotal thinking comes naturally, science requires training." - Michael Shermer
	QUOTE Thanks

cheesybanana #15 (permalink)
Member Since: Jan 13, 2007 Location: Akron, Ohio Posts: 939 Mac Specs: C2D MacBook Pro	02-28-2007, 03:55 PM It is interesting how globalized our economy is now. A plunge in China translated into a plunge here almost immediately.
	QUOTE Thanks

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