General Discussions

**andrei155** · 08:18 PM

What's happening with the stock market currently? I keep hearing news reports on an "upcoming tragedy", however no ones really talking about it. What's up? Really, what's going on, and how bad is it?

Or am I confusing things?

**flexilink** · 10-03-2008, 01:17 AM

USA government passes a plan of $700 million to help out the organizations from loss.

**Jsmith** · 10-03-2008, 02:45 AM

Quote:

Originally Posted by flexilink

USA government passes a plan of $700 million to help out the organizations from loss.

$700 Billion. When the financial institutions are folding up and they can't afford to lend money to business's or consumers the economy is in a deep recession. There are still some good stocks out there you just have to know what to buy.

**adamlimo** · 10-03-2008, 08:16 AM

Due to USA Economy Stock market is not god

**angele803** · 10-03-2008, 11:26 AM

Quote:

Originally Posted by flexilink

USA government passes a plan of $700 million to help out the organizations from loss.

Actually, it was the fact that the USA government DID NOT pass the $700 billion dollar plan to bail out some big financial institutions. When this happened, people freaked out and pulled their money out of the stock market and banks. The house is supposed to re-vote on the plan again either today or next week.

**Learning Newbie** · 10-03-2008, 03:43 PM

Some people might describe it as "Wall street is resorting to terrorism, trying to hold the world hostage. 'Give us your money, or we'll take your money [and make it worthless]!'"

I'd like to point out that when people say a stock market drop means the economy has lost X billion, this isn't the case. The money hasn't actually vanished - it only means that certain investors are feeling the sting after having made bad bets.

**CSS4Life** · 10-03-2008, 06:23 PM

I like the way Bush put it: "Wall Street got drunk and now it's got a hangover".

**juliensimon** · 10-03-2008, 06:31 PM

a couple of $700 billion pills and the headache should be gone ?

**Dairyman** · 10-04-2008, 08:05 AM

There is no need to worry I think. With the passage of the US bill to bailout the ailing financial institutions at a whopping $700 billion, stability in the stock market is expected in the days to come. Be happy

**CSS4Life** · 10-06-2008, 07:19 PM

Quote:

Originally Posted by Dairyman

There is no need to worry I think. With the passage of the US bill to bailout the ailing financial institutions at a whopping $700 billion, stability in the stock market is expected in the days to come. Be happy

What about the taxpayer? What about the people struggling to pay their mortgages? What about first time buyers who now can't afford homes? What about people who were relying on an employers pension scheme, which was dependent on the stock market? What about people who weren't working in finance but who are now being made redundant?

It's generally not these people's fault with whats happened, but they face the consequences, as we all do.

**jv17** · 10-06-2008, 08:45 PM

well its really it affected the whole world because lots of companies invested there not only in the u.s. but the whole world as well..

**primeryder** · 10-07-2008, 06:04 AM

It is the derivitives market which seems to be the main culprit right now. Theyse pieces of paer people bought are not worth what they thought, unfortunately

**trooperdog1** · 10-07-2008, 06:35 PM

Its pretty bad and will affect the economy greatly. I suggest putting your money into CD's to earn some kind of interest.