previous thread i posted 9 months ago was 'next stop: recession' -- well we have arrived, enjoy your stay!






http://www.bloomberg.com/apps/news?...ec40&refer=home

Fed Cuts Rate 0.75 Percentage Point in Emergency Move (Update8)

By Scott Lanman
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Jan. 22 (Bloomberg) -- The Federal Reserve cut the benchmark interest rate by three quarters of a percentage point, its first emergency reduction since 2001, after stock markets tumbled from Hong Kong to London amid increasing signs of a U.S. recession.


http://www.bloomberg.com/apps/news?...k7cQ&refer=home

U.S. Stocks Pare Declines; Exxon Retreats, Financials Gain

By Elizabeth Stanton
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Jan. 22 (Bloomberg) -- U.S. stocks fell for a fifth day, the longest streak of declines in 11 months, as growing concern about the slowing economy prompted the Federal Reserve to cut interest rates by the most in two decades.


http://www.cnbc.com/id/22785666

Will Fed's Rate Cut Prevent Recession? Probably Not

By Reuters with CNBC.com | 22 Jan 2008 | 01:32 PM ET

There is no quick cure for what ails the U.S. and global economies, but if the Federal
Reserve's emergency interest rate cut Tuesday can instill some confidence among consumers, companies and investors, it may speed a recovery.

Interest rate reductions take time to work, and they cannot undo the damage inflicted by the tumbling U.S. housing market and subsequent credit contraction that has curbed the flow of
cash to households and businesses, pushing the economy to the brink of a recession.


http://www.bloomberg.com/apps/news?...TVtU&refer=home

Bush Open to Larger Economic Stimulus Package (Update4)

By Roger Runningen
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Jan. 22 (Bloomberg) -- The Bush administration today left the door open for a stimulus package larger than the $150 billion plan the president already has outlined to avert a recession.




lol @ curious george and his futile stimulus package and him trying to 'avert a recession.' and i love how 3 weeks ago he said the economy was on a 'strong foundation.'

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you guys def. called it, its HERE!!!!

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If you fill your heart with regrets of yesterday and the worries of tomorrow, you have no today to be thankful for.

any advice to help us out during this time...

i always heard that people tend to try and sell stock/options during these times in fear of losing... but i've always heard to just continue to stay where your are at and wait for everything to pass by.

also how do you think job security will be??

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Jaded, old fart is me.

quote:

Originally posted by ninetyninej lol @ curious george and his futile stimulus package and him trying to 'avert a recession.' and i love how 3 weeks ago he said the economy was on a 'strong foundation.'

quote:

Originally posted by 72hrpartyanimal any advice to help us out during this time... i always heard that people tend to try and sell stock/options during these times in fear of losing... but i've always heard to just continue to stay where your are at and wait for everything to pass by. also how do you think job security will be??

If you follow the 8% rule, that is to cut your losses and sell when you're down 8%, you'll do well in the long term. Anywhere between 0 and -8% is market volatility, beyond that, you're treading in trouble water.

Last edited by groovedaddy21 on Jan-22-2008 at 19:29

quote:

Originally posted by fury

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Good thing i moved all my risky 401K investments to safer ones like fixed income & bonds.

quote:

Originally posted by 72hrpartyanimal any advice to help us out during this time...

Here's one that has been proven to work... don't spend what you don't have and try to save for a rainy day. Looks like rain for a few years.

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www.GenerationTrance.com

*Depeche Mode* Appreciation

lol i was waiting for this thread to pop up today

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Listen to my Rainy Nights (TL)

going by the defintion, i don't think we've done two consecutive quarters of decline in GDP yet.

but yeah, after maneuvering through the market with just a few holdings over the last many months, i finally got all out about three months ago.. was just too busy to follow the market

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'2tall' Rafal .:::. Party pics @ photog | rafal .:::. SF Event Calendar @ sfedm.com .:::.

Wait, if i don't have any money in the stock market and stuff, am i safe?

quote:

Originally posted by Miss Julia Wait, if i don't have any money in the stock market and stuff, am i safe?

lol

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What do you put into your live sets that has made you a dancefloor favorite for the past decade?

"I’m a dance floor favorite? Great! I would say the passion that I feel for the music I buy and the honesty with how I play it. I play the records I love not the ones that simply work. I’ve never taken the easy music option (which would make me a lot more money by the way) but chosen to push people a little. I try to draw people in a new direction slightly and expand their taste a little more than other DJ’s." - Lee Burridge

quote:

Originally posted by 2tall going by the defintion, i don't think we've done two consecutive quarters of decline in GDP yet. but yeah, after maneuvering through the market with just a few holdings over the last many months, i finally got all out about three months ago.. was just too busy to follow the market

yes by definition it is 2 consecutive quarters so in actuality an official ruling of a recession can't be declared until 6 months into it but merrill lynch has already had the foresight to acknowledge the recession that has begun and the others are either in denial or predict it later, such as Q3 or Q4 of this year.

but make no mistake, it doesn't take a wall street analyst to see that it has begun.

enjoy your stay everyone



Federal Reserve Board Chairman Ben Bernanke pauses while discussing the near-term economic outlook during testimony before the House Budget Committee on Capitol Hill in Washington in this Thursday, Jan. 17, 2008 file photo. (AP Photo/Dennis Cook. File)

quote:

Originally posted by Miss Julia Wait, if i don't have any money in the stock market and stuff, am i safe?

yeah, you are fine in that respect, but if you have a mortgage get a fixed rate now.

if you are a renter then just hope the blow back from the recession we've entered doesn't impact your job/income

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