Congress rejects $700B bailout bill

Flash! · 09-29-2008, 02:11 PM

No love for the bailout - Sep. 29, 2008

DOW down 700+ points today.

Ouch.

**menace** · 09-29-2008, 02:15 PM

First good thing Congress has done in quite a while.

Therapist · 09-29-2008, 02:22 PM

sweet

**madmatt** · 09-29-2008, 03:03 PM

Im seriously thinking about taking my IRA funds off my stock ticker...

SERIOUSLY glad I didnt buy stock last week...

Flash! · 09-29-2008, 03:12 PM

Quote:

Originally Posted by madmatt

SERIOUSLY glad I didnt buy stock last week...

It's a good thing I don't have any money right now, because I'd be buying.

AAPL down almost 20%, GOOG down 10%. CAT and DE at their 52wk low. Even BUD was down today! Hell, on news like this you'd think their stock would go through the roof!

FreeBird · 09-29-2008, 03:15 PM

YoungGun · 09-29-2008, 03:34 PM

Quote:

Originally Posted by Flash!

It's a good thing I don't have any money right now, because I'd be buying.

AAPL down almost 20%, GOOG down 10%. CAT and DE at their 52wk low. Even BUD was down today! Hell, on news like this you'd think their stock would go through the roof!

go ahead and add microsoft, and HP to that list. I lost quite a bit of money on HP went down 3.50 a share....

Chad

**madmatt** · 09-29-2008, 04:03 PM

Quote:

Originally Posted by Flash!

It's a good thing I don't have any money right now, because I'd be buying.

AAPL down almost 20%, GOOG down 10%. CAT and DE at their 52wk low. Even BUD was down today! Hell, on news like this you'd think their stock would go through the roof!

seriously

lol what Id do with about 10grand worth of free fundage...

FreeBird · 09-29-2008, 04:13 PM

what

Boss281Mustang · 09-29-2008, 04:26 PM

I just bury money in the yard like muh ma and pa always did.

1upiitbdm · 09-29-2008, 04:29 PM

Quote:

Originally Posted by Boss281Mustang

I just bury money in the yard like muh ma and pa always did.

I has no monies...

Boss281Mustang · 09-29-2008, 04:31 PM

Quote:

Originally Posted by Boss281Mustang

I just bury money in the yard like muh ma and pa always did.

Oh yeah... West Virginia.t

pinski · 09-29-2008, 06:18 PM

Quote:

Originally Posted by menace

First good thing Congress has done in quite a while.

Damn straight!

Quote:

Originally Posted by Flash!

It's a good thing I don't have any money right now, because I'd be buying.

Heh. I bought 1,000 shares of Wachovia today at $1.60. Should be interesting to see how it goes... from everything some of the other analysts at work have told me, it should be a $15-20 stock.

nEighter · 09-29-2008, 07:23 PM

Quote:

Originally Posted by menace

First good thing Congress has done in quite a while.

Quote:

Originally Posted by YoungGun

go ahead and add microsoft, and HP to that list. I lost quite a bit of money on HP went down 3.50 a share....

Chad

Look into IBM and Intel. The chip market/industry (as in computer chip) is basically stagnant.. they are pouring money into the solar cell industry.. they are on the way up.. check out these companies.. I would move my money to these..

Intel, IBM Get Solar Exposure - Forbes.com

Intel, IBM take green plunge with solar tech Technology News&Reviews

Quote:

Originally Posted by pinski

Damn straight!

Heh. I bought 1,000 shares of Wachovia today at $1.60. Should be interesting to see how it goes... from everything some of the other analysts at work have told me, it should be a $15-20 stock.

JP Morgan just bout their financial sector didn't they?

Well well well... the skater from kansas knew something..

Quote:

--- Investors and traders are dumping nearly every commodity, expecting demand to dry up if the global economy contracts sharply. Crude oil futures are down $9.26 to $97.63 a barrel. The Reuters/Jefferies CRB index of 19 commodities is down 5%.

The only major commodity up for the day: gold, the classic haven. The metal is up $22.30 to $910.80 an ounce.

Selling decimates the markets; gold rallies, T-bill rates dive | Money & Company | Los Angeles Times

Also... Campbells soup is up $.12. Guess they are excited thinking bout the soup lines.

pinski · 09-29-2008, 08:17 PM

Quote:

Originally Posted by nEighter

JP Morgan just bout their financial sector didn't they?

Well well well... the skater from kansas knew something..

Que? Citigroup has an offer on the table to buy Wachovia, but for $1/share.... which somehow Wachovia's board agreed to. I'll be voting 1,000 times NO to the sale, because I think Wachovia can remain solvent, especially when this bailout passes, whatever its form. Dubya swore today that it would happen, even if he had to use some mythical executive power that his spokesman couldn't speak on.

Buying such a shakey stock is rife with Fail, but it also presents a great opportunity to make a ton off a rather meager investment.

nEighter · 09-29-2008, 08:25 PM

FUCK W!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I hope it all works out for you man

be nice to take that money and put it to the new home

pinski · 09-30-2008, 07:40 PM

As of this afternoon, WB was up to $3.50!

I've already more than doubled my money (on paper).

FreeBird · 09-30-2008, 07:46 PM

i need to turn 11K into 8.5 million and quick....

thinking lottery tickets

nEighter · 09-30-2008, 09:05 PM

Quote:

Originally Posted by pinski

As of this afternoon, WB was up to $3.50!

I've already more than doubled my money (on paper).

HELL YES!!!!!!!!!!!!!!!

now buy gold

and campbells soup.. and IBM & INTEL

Therapist · 10-01-2008, 08:46 AM

and its expected that they'll pass the revised bill tonight

FreeBird · 10-01-2008, 09:07 AM

:haha:

nEighter · 10-01-2008, 10:19 AM

well it was good knowing all of you then.

Stinky · 10-01-2008, 10:22 AM

I've all but stopped my 401k (already met the maximum company match) and Roth...I'm concentrating on paying off my debt then will start them back up in January of '09.

nEighter · 10-01-2008, 10:34 AM

09-29-2008, 02:11 PM	#1 (permalink)
Flash! I <3 Cox Join Date: Feb 2004 Location: MY OWN FUCKING HOUSE in a tourist infested swampland aka Orlando Posts: 17,946	Congress rejects $700B bailout bill No love for the bailout - Sep. 29, 2008 DOW down 700+ points today. Ouch. __________________ teh brian

09-29-2008, 02:15 PM	#2 (permalink)
menace Thread Gestapo Join Date: Sep 2004 Location: Birmingham, AL Posts: 3,060	First good thing Congress has done in quite a while. __________________ - Marc

09-29-2008, 02:22 PM	#3 (permalink)
Therapist attacked by rabid cocks...........again! Join Date: May 2006 Location: Oregon Posts: 11,873	sweet __________________ ............- Jordan - ..

09-29-2008, 03:03 PM	#4 (permalink)
madmatt suffers from cracking due to shrinkage Join Date: Jun 2004 Location: Riding shotgun with Stig Posts: 24,707	Im seriously thinking about taking my IRA funds off my stock ticker... SERIOUSLY glad I didnt buy stock last week... __________________ Matt

09-29-2008, 03:15 PM	#6 (permalink)
FreeBird Red Bull gives you wiiiiings!!! Join Date: Aug 2006 Location: Margaritaville Posts: 14,299	__________________

09-29-2008, 04:13 PM	#9 (permalink)
FreeBird Red Bull gives you wiiiiings!!! Join Date: Aug 2006 Location: Margaritaville Posts: 14,299	what __________________

09-29-2008, 04:26 PM	#10 (permalink)
Boss281Mustang Maw Maw McQueen Join Date: Apr 2004 Location: Huntington, WV Posts: 1,132	I just bury money in the yard like muh ma and pa always did. __________________ I wasn't knocked out, BUT my jaw does hurt. Chris

09-29-2008, 08:25 PM	#16 (permalink)
nEighter i <3 whalepenis Join Date: Feb 2006 Location: TwiLight zOne!! Posts: 11,193 Blog Entries: 1	FUCK W!!!!!!!!!!!!!!!!!!!!!!!!!!!! I hope it all works out for you man be nice to take that money and put it to the new home __________________

09-30-2008, 07:40 PM	#17 (permalink)
pinski Me and my friends have been been too busy sunbathing off the southern coast of St. Bart's with spider monkeys for the past two weeks, tripping on acid. Changed our whole perspective on shit...so you can Dere-lick my balls cap-i-tan Join Date: Mar 2004 Location: North Carolina Posts: 2,215	As of this afternoon, WB was up to $3.50! I've already more than doubled my money (on paper). __________________

09-30-2008, 07:46 PM	#18 (permalink)
FreeBird Red Bull gives you wiiiiings!!! Join Date: Aug 2006 Location: Margaritaville Posts: 14,299	i need to turn 11K into 8.5 million and quick.... thinking lottery tickets __________________

10-01-2008, 08:46 AM	#20 (permalink)
Therapist attacked by rabid cocks...........again! Join Date: May 2006 Location: Oregon Posts: 11,873	and its expected that they'll pass the revised bill tonight __________________ ............- Jordan - ..

10-01-2008, 09:07 AM	#21 (permalink)
FreeBird Red Bull gives you wiiiiings!!! Join Date: Aug 2006 Location: Margaritaville Posts: 14,299	:haha: __________________

10-01-2008, 10:19 AM	#22 (permalink)
nEighter i <3 whalepenis Join Date: Feb 2006 Location: TwiLight zOne!! Posts: 11,193 Blog Entries: 1	well it was good knowing all of you then. __________________

10-01-2008, 10:22 AM	#23 (permalink)
Stinky searching for teh OxMox like mine Join Date: Aug 2005 Location: Loo-kenk for des Oxy. Posts: 13,961	I've all but stopped my 401k (already met the maximum company match) and Roth...I'm concentrating on paying off my debt then will start them back up in January of '09.

10-01-2008, 10:34 AM	#24 (permalink)
nEighter i <3 whalepenis Join Date: Feb 2006 Location: TwiLight zOne!! Posts: 11,193 Blog Entries: 1	__________________