All I have is my V and my Word... ([info]nemesisbecoming) wrote,
@ 2008-09-29 13:47:00
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oh my fucking god, the market

30 seconds later: ok. We're back from the 700 point drop to over 400 points. I almost threw up all over there. But it's not like I'm not still extremely nauseous. Dag.

Please notice the reverse visual depiction of my anxiety, especially around the 1:50pm mark.



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[info]stacyinthecity
2008-09-29 06:16 pm UTC (link)
Did it go back up because the vote to pass the bailout bill failed? I wonder...

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[info]nemesisbecoming
2008-09-29 06:28 pm UTC (link)
I'm thinking, usually when there's a huge selloff, the value investors see this as an opportunity to snatch up certain stocks at a bargain price. Though, I may be totally talking out my ass here. lol.

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[info]stacyinthecity
2008-09-29 06:44 pm UTC (link)
hmm, yes, good point!

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[info]tarchannon
2008-09-29 08:33 pm UTC (link)
The major problem with the bailout is that it is a handout to the rich of unbefore known proportions. The giant corporate CEO that have been hauling down the incredibly big bucks for doing nothing have actually been caught at doing *nothing*. Some beancounter somewhere says that they need total sales/transations/loans/exchanges of X amount; the CEO then does *anything* required to hit the mark - and get their ginourmous bonus. Nevermind that this is risky or financially unsound, or that they have no idea. They don;t care - they'll move on to another company in a couple years anyway. What a good chunk of this bailout represents is a massive rescue of thies broekn system. Personally, I think some experts should set some sound criteria, and then they should take those criteria and examine all companies that require 'bailing' for the last ten years. Any company in violation for any of those years should have the top tier of management involved in this years punished. I think starting with requiring a repayment of salary and bonuses for each year in violation would be a first step. Violators with a pattern should lose everything and be jailed for life. All companies should then me required to follow those regulations, and any bailout should include funds to monitor this for 10 years.

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[info]gonadsandstrife
2008-09-29 10:55 pm UTC (link)
So...wait. It's still about 10,000 & people are flailing?

Call me when we're at 3000 & dropping like a Mafia punishment.

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