"The Crash of 2008"

[classiccaprice]

We've been predicting it for months, now ABC agrees.... Depression, here we come!

 

[classiccaprice]

Correction... ABC agrees with the crash, not the depression... though 60% of Americans think we are heading there...

 

[Unimatic1140]

going down

At least gas has dropped down to almost $2.80-$2.90 a gallon across the Twin Cities metro now, which is good since it now appears that I'll be driving to work for another 50 years.

 

[rp2813]

This is the same pattern as 1929 with the market crash. Like a ping pong ball bouncing down a staircase, the rebounds don't make up for the huge drops. It does indeed seem like we are headed toward another depression, which is so Wall Street, not learning from their biggest mistake of the past. Blinded by greed. The good thing is, maybe once this has played out it will be another 80 years before we see the obscene amount of corporate greed we've been witnessing since Reagan got the ball rolling.

 

[mattl]

Oil is at $87/brl yet gas is still $3.20 around here. At that price gas should be pushing the low $2.00 range.

I got hit early, my money was in real estate, now it looks like many others are in the same boat as me. All I can say is I'm glad this happened now, not 1 or 2 years ago. Bush has a few months to screw this up, but then he's history.

 

[andrewinorlando]

Always remember the rules of portfolio diversification....diversify, diversify, diversify. Softens any blows to the market a great deal when sectors get hit.

 

[mattl]

True, but how do you diversify when real estate, stocks and pretty much everything else is taking a hit?

 

[alr2903]

I think its a GAME

Of course gas is lower, we just bailed out the automakers, wait until after the car dealers, unload their backlog of SUV's, and heavy trucks. $5,000 off MSRP or 0% Financing. I am not rushing out to "pick one up".

 

[bajaespuma]

Golden parachutes opening as we shriek

I want to see people like W and his cronies sent to jail for this one. But this nation of sheep and "joe-sixpacks" doesn't have either the brains or the balls to see that through.

 

[rp2813]

Ken, Joe Sixpack only supports impeaching presidents over personal matters, not those that violate the constitution, remember?

 

[toggleswitch2]

Of course Suze Orman says.....

Buy now if your are in your twenties through forties because this is the best thing that ever happened to you. You get to buy/invest into the market wholesale.