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View Full Version : Record falls on Wall Street - Doomed!



bogeyman
29th September 2008, 21:09
Congress votes down bail out plan.

Turmoil on markets. Bank shares down the pan.

Over to our doom correspondent Blaster Bates....

Blaster?

Where are you Blaster?

PAH
29th September 2008, 21:31
Don't worry, shares can go up as well as down. Some nags are never expected to win the race, but people still bet their shirts on them.

sappatz
29th September 2008, 21:33
Don't worry, shares can go up as well as down.

indeed, but in 1929 it took ... 20 years to come back at the same level

BigTime
29th September 2008, 21:35
Potential to keep falling while they continue to think about it. They should restore confidence by putting the shareholders on the hook for the losses as well as the profits. Then we would see fair valuations.

PAH
29th September 2008, 21:38
Why don't the companies with a sound financial footing simply suspend their shares till the dust settles?

They must be morons to let what amounts to little more than gossip in Heat magazine drive them out of business. :rollin:

HairyArsedBloke
29th September 2008, 21:43
Why don't the companies with a sound financial footing simply suspend their shares till the dust settles?

:rollin: :rollin: :rollin: :rollin:

The sad thing is that some would take that idea seriously.

TimberWolf
29th September 2008, 22:02
It was funny on the news tonight when they said mortgage lending was down 98% on August last year. They'd prepared a 98% cartoon and a down symbol, which all seemed a bit redundant next to the 98%. I couldn't help but laugh at the way they covered it like any other news without freaking out or bursting into hysterics.