|
Arrived: Recession
|
View this Thread in Original format
| ninetyninej |
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
Enlarge Image/Details
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
Enlarge Image/Details
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
Enlarge Image/Details
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.' |
|
|
| JSmooth619 |
| you guys def. called it, its HERE!!!! |
|
|
| 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?? |
|
|
| fury |
| 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.' |
 |
|
|
| groovedaddy21 |
| 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. |
|
|
| ninetyninej |
| quote: | Originally posted by fury
|
 |
|
|
| djGT |
Good thing i moved all my risky 401K investments to safer ones like fixed income & bonds. :nervous:
| 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. :wtf: |
|
|
| HotDogWater |
| lol i was waiting for this thread to pop up today |
|
|
| 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 |
|
|
| Miss Julia |
| Wait, if i don't have any money in the stock market and stuff, am i safe? |
|
|
| MindShifter |
| quote: | Originally posted by Miss Julia
Wait, if i don't have any money in the stock market and stuff, am i safe? |
lol |
|
|
| ninetyninej |
| 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 :) |
|
|
|
|
