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  1. #1
    Holy Stock Market plunge Batman!!!
    RiDE's Avatar
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    Holy Stock Market plunge Batman!!!
    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.

  2. #2
    Holy Stock Market plunge Batman!!!
    rman's Avatar
    Member Since
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    Cool
    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!

  3. #3
    Holy Stock Market plunge Batman!!!
    RiDE's Avatar
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    I agree, but that's a WHOLE LOT of "adjustment"in one day... one afternoon.

  4. #4
    Holy Stock Market plunge Batman!!!
    CarlConti08's Avatar
    Member Since
    May 29, 2006
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    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.

  5. #5
    Holy Stock Market plunge Batman!!!
    RiDE's Avatar
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    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.

  6. #6
    Holy Stock Market plunge Batman!!!
    cheesybanana's Avatar
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    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

  7. #7
    Holy Stock Market plunge Batman!!!
    KoDorSean's Avatar
    Member Since
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    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

  8. #8
    Holy Stock Market plunge Batman!!!
    mac57's Avatar
    Member Since
    Apr 29, 2006
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    iMac 27" 3.4 GHz, 256 GB SSD, 2 TB HDD, 8 GB RAM
    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

  9. #9
    Holy Stock Market plunge Batman!!!
    Carol247's Avatar
    Member Since
    Dec 17, 2006
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    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.

  10. #10
    Holy Stock Market plunge Batman!!!
    skye's Avatar
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    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.

  11. #11
    Holy Stock Market plunge Batman!!!
    mac57's Avatar
    Member Since
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    ...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

  12. #12
    Holy Stock Market plunge Batman!!!
    RiDE's Avatar
    Member Since
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    Yes, it's a good sign of stabilization. Glad to see it.

  13. #13
    Holy Stock Market plunge Batman!!!
    Martin.'s Avatar
    Member Since
    Feb 18, 2007
    Location
    Calgary, Canada
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    348
    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.


  14. #14
    Holy Stock Market plunge Batman!!!
    TheCustomer99's Avatar
    Member Since
    Jan 05, 2007
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    Where the old Baker farm used to be.
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    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

  15. #15
    Holy Stock Market plunge Batman!!!
    cheesybanana's Avatar
    Member Since
    Jan 13, 2007
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    Akron, Ohio
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    It is interesting how globalized our economy is now. A plunge in China translated into a plunge here almost immediately.

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