Nasdaq freefall nearly 4%

[david austin]

holy crap...

big tech gets a haircut to the tune of nearly 4%

nobody wants to catch the falling knife that is the credit crunch.

[PETA]

from what I understand there is an awful lot of debt due soon which is causing a lot of corps to tighten belts and otherwise take steps to increase cash reserves in order to meet payment deadlines on notes, bonds and bears oh my!

Some are not paying dividends others are cutting staff etc etc.... but so far there hasn't been a large uptick in corps in sufficient distress to file bankruptcy

[david austin]

the writedowns from Q4 will be pretty severe.

still quite a few opportunities out there though.

from a pure technical standpoint th volatility has been unprecedented. in the past 6 months the market has corrected 10% from its highs THREE times. thats unheard of.

[PETA]

Originally Posted by david austin

the writedowns from Q4 will be pretty severe.

still quite a few opportunities out there though.

from a pure technical standpoint th volatility has been unprecedented. in the past 6 months the market has corrected 10% from its highs THREE times. thats unheard of.

see, that shit I know dick about...

debt, I know a little bit about that

[J. Fees]

is it me or is no one telling the public that the U.S. economy is in terrible shape? I could be wrong, but it seems like its flying over peoples heads that we could be in for some bad times.

[elNastioBananaHando]

All I know is shit isn't looking good anywhere. right now most company are tightening up their assholes. No hiring and freezes in place. I know my current company plans to have a freeze that will last the whole year. Meaning no hiring what so ever. Best case scenario has the freeze last 6 months. Not sure how our yearly bonus will go. I was suppose to switch over to a new team but due to budget concerns I can't. Training has also been cut back big time. Most of our top developers got a pass to go to JavaOne every year. This year they will probably only send 2 people.

Everyone is getting ready for what is looking to be a sucky market in da 08!

[david austin]

just as a base line think about this.

the avg market gain/yr is 6-9%

the DJA has basically done that 3 times (both ways) in the past 6 months.

it can be a trader gold mine... or a suicide wish lol

[david austin]

Originally Posted by J. Feez

is it me or is no one telling the public that the U.S. economy is in terrible shape? I could be wrong, but it seems like its flying over peoples heads that we could be in for some bad times.

but think about the spears family...

THINK OF THE CHILDREN

no really... its not quite a big of a mess as some headlines make it out to be. but its about as choppy as its been in a LONG time.

[PETA]

Originally Posted by J. Feez

is it me or is no one telling the public that the U.S. economy is in terrible shape? I could be wrong, but it seems like its flying over peoples heads that we could be in for some bad times.

you having trouble paying your bills?

know many people who are?

I think people are full of anxiety but I don't think they're in distress...

that being said, irrc, there were a few indicators I was reading about... (rate of return on long v short term CDs I think) that are apparently pretty strong prognosticators of impending recession... I think its avoidable but maybe not... and I think its exactly that kind of uncertainty that is bugging some people... not the 4% of Americans having difficulty paying notes (with ARMs) they couldn't afford in the first place

[J. Fees]

i saw bush rappin about it on some news channel this morning. Honestly, i don't think he breaks 100 on an IQ test.

[PETA]

well, you'd be wrong then... but that doesn't mean he wasn't saying what he hopes to be true rather than what will be true

[C-fer]

Meanwhile, I received a 4% raise. Coincidence? I think not.

[J. Fees]

Originally Posted by xian

you having trouble paying your bills?

know many people who are?

I think people are full of anxiety but I don't think they're in distress...

that being said, irrc, there were a few indicators I was reading about... rate of return on long v short term CDs I think that are apparently pretty strong prognosticators of impending recession... I think its avoidable but maybe not... and I think its exactly that kind of uncertainty that is bugging some people... not the 4% of Americans having difficulty paying notes (with ARMs) they couldn't afford in the first place

i'm not, but it seems to me that all the signs are there for some trouble ahead in the next few years. Maybe if we could get out of Iraq, my forecast would be a bit less worrysome.

[PETA]

Originally Posted by DjKrispy

Meanwhile, I received a 4% raise. Coincidence? I think not.

Dude..... now this shit qualifies..... you working for the Bildeburgers or something?

Originally Posted by J. Feez

i'm not, but it seems to me that all the signs are there for some trouble ahead in the next few years. Maybe if we could get out of Iraq, my forecast would be a bit less worrysome.

what signs? Not that I'm disagreeing... I'm not...

[J. Fees]

credit probs, currency issues, war, emerging competitors, possibility of terrorism in U.S.