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10-07-2008, 09:29 PM
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Junior Member
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Join Date: Oct 2008
Location: SFL
Posts: 53
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damn...
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10-07-2008, 09:56 PM
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Senior Member
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Join Date: May 2008
Location: Chicago
Posts: 907
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For better or worse, I'm still putting money in the market. The good news for me is, at this rate, in a few weeks I will own everything. 
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Porsche 997S
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10-07-2008, 10:27 PM
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Senior Member
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Join Date: Sep 2008
Location: Seattle
Posts: 579
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I honestly think most of this is due to consumer/investor fear. The media hypes everything up like crazy and everyone's afraid of doing anything. People stop buying cars, stop buying toys, stop buying electronics, this causes businesses to downsize, laying off employee's, people start foreclosing on their homes etc... vicious cycle. I, for one, am not "sitting on the sidelines". I'm looking for property, looking at buying some toys etc. I figure if the crap really hits the fan and we have some massive hyperinflation, my saved money won't be worth anything anyways.
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2008 Infiniti G37S Coupe (mine)
2007 Infiniti G35 Sedan (wife)
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10-07-2008, 10:41 PM
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Junior Member
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Join Date: Sep 2008
Location: On the move back to CA
Posts: 86
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Quote:
Originally Posted by CrazyRuskie
I honestly think most of this is due to consumer/investor fear. The media hypes everything up like crazy and everyone's afraid of doing anything. People stop buying cars, stop buying toys, stop buying electronics, this causes businesses to downsize, laying off employee's, people start foreclosing on their homes etc... vicious cycle. I, for one, am not "sitting on the sidelines". I'm looking for property, looking at buying some toys etc. I figure if the crap really hits the fan and we have some massive hyperinflation, my saved money won't be worth anything anyways.
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agreed. high five. |
10-07-2008, 11:02 PM
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Senior Member
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Join Date: May 2008
Location: 60201
Posts: 1,637
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I wish I had money like right now... stocks are ON SALE!!!!
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Don't be alarmed Ma'am, I'm from the internet!
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10-07-2008, 11:18 PM
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Member
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Join Date: Aug 2008
Location: Westchester, NY
Posts: 281
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Quote:
Originally Posted by D-VO
I wish I had money like right now... stocks are ON SALE!!!!
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I see a lot more downside...things are much worse than in '02, and the Nasdaq still has 40% to go to get back down there.
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'08 Aston Martin DB9
'05 Audi A8
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10-07-2008, 11:42 PM
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Senior Member
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Join Date: May 2008
Location: 60201
Posts: 1,637
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Quote:
Originally Posted by mikemets
I see a lot more downside...things are much worse than in '02, and the Nasdaq still has 40% to go to get back down there.
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I agree, but for someone like me who would buy and hold for a while cause I'm young it doesn't matter, once the stuff rebounds, I'm making money anyways.
It's not going to rebound until people realize that you can't "fix" an economy with policies.
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Don't be alarmed Ma'am, I'm from the internet!
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10-08-2008, 10:04 AM
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Senior Member
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Join Date: May 2008
Location: San Francisco
Posts: 1,165
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nikkei down 10%, russia down 14% in the first 30 minutes of trading and then they suspended trading til Fri... (today) could be rather ugly.
- chuck
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01 996tt - GT700
forged pistons, forged rods, clubsport intercoolers, upgraded fuel system, gen 1 fabspeed loud exhaust, sachs stg 3 clutch, 964 light-weight flywheel, b&m short shifter, motons, oz superleggera III wheels, strosek rear spoiler, lots of carbon fiber inside, custom lamborghini titanium metallic paint
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